XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ (1,122) $ 18,830
Adjustment to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 110,914 125,977
Amortization of other non-current assets 102 304
Amortization of intangible assets 562 713
Loss related to casualty disasters (282) 1,064
Write off of deferred incentive costs 0 4
Amortization of leasehold interests (503) (520)
Amortization of deferred costs 4,251 4,157
Impairment loss 100,618 44,321
(Gain) loss on sale or retirement of assets (2,770) 4,249
Equity based compensation 10,797 19,212
Excess tax benefit from equity based compensation 0 (933)
Deferred taxes (11,591) 9,862
Provision for doubtful accounts 917 1,863
Changes in assets and liabilities:    
Accounts receivable (11,457) (7,833)
Other current assets (2,265) (1,686)
Other non-current assets 440 (1,829)
Accounts payable (4,676) 386
Accrued payroll and employee benefits (56) 5,598
Accrued real estate taxes 4,166 5,143
Accrued expenses and other liabilities 6,643 3,681
Other long-term liabilities 1,344 1,102
Net cash provided by operating activities 206,032 233,665
Cash flows from investing activities:    
Capital expenditures (89,767) (66,793)
Insurance proceeds on casualty disasters 4,189 5,370
Proceeds from sale of assets 56,418 3,792
Payment of franchise incentives (1,013) (30)
Decrease in other non-current assets 0 1,000
Net cash used in investing activities (30,173) (56,661)
Cash flows from financing activities:    
Repayment of long-term debt (13,136) (148,244)
Purchase of treasury stock (100,933) (21,472)
Excess tax benefit from equity based compensation 0 933
Distributions to noncontrolling interests (316) (509)
Net cash used in financing activities (114,385) (169,292)
Increase in cash and cash equivalents 61,474 7,712
Cash and cash equivalents at the beginning of the period 86,709 109,857
Cash and cash equivalents at the end of the period 148,183 117,569
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid during the period 57,472 64,220
Income taxes paid during the period, net of refunds 5,600 12,002
SUPPLEMENTAL NON-CASH DISCLOSURE:    
Capital expenditures included in accounts payable 7,492 4,604
Cash flow hedge adjustment, net of tax (3,958) (7,293)
Receivable for capital assets damaged by casualty disasters 1,865 3,302
Accrued deferred incentive costs $ (1,013) $ 0