XML 80 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
4 Months Ended 12 Months Ended 5 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2013
NCM Inc.
Dec. 31, 2013
AC JV, LLC
Aug. 30, 2012
Predecessor
Mar. 29, 2012
Predecessor
Cash flows from operating activities:            
Net earnings (loss) $ (42,670,000) $ 364,400,000     $ 94,400,000 $ (81,988,000)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:            
Depreciation and amortization 71,633,000 197,537,000     81,234,000 214,029,000
Deferred income taxes 3,020,000 (266,598,000)        
Impairment of assets           285,000
(Gain) loss on extinguishment and modification of debt   (422,000)       538,000
Amortization of discount (premium) on corporate borrowings (3,219,000) (12,687,000)     967,000 1,336,000
Impairment of marketable equity security. investment   1,370,000       17,751,000
Theatre and other closure expense 2,381,000 5,823,000     11,753,000 7,449,000
Stock based compensation   12,000,000     830,000 1,962,000
(Gain) loss on dispositions 73,000 (2,876,000)     (48,245,000) (580,000)
Equity in earnings and losses from non-consolidated entities, net of distributions 12,707,000 (19,611,000)     (495,000) 20,553,000
Change in assets and liabilities:            
Receivables (66,615,000) (3,365,000)     11,766,000 (18,937,000)
Other assets (35,138,000) (8,915,000)     36,770,000 (4,693,000)
Accounts payable 69,029,000 64,215,000     (58,027,000) 26,747,000
Accrued expenses and other liabilities 63,288,000 14,822,000     (50,473,000) 22,589,000
Other, net (597,000) 11,649,000     (983,000) (9,714,000)
Net cash provided by operating activities 73,892,000 357,342,000     79,497,000 197,327,000
Cash flows from investing activities:            
Capital expenditures (72,774,000) (260,823,000)     (40,116,000) (139,359,000)
Merger, net of cash acquired 3,110,000          
Acquisition of Rave theatres, net of cash acquired (87,555,000) (1,128,000)        
Proceeds from disposition of long-term assets 90,000 3,880,000     7,291,000 1,474,000
Investments in non-consolidated entities, net (1,194,000) (3,265,000)     1,589,000 (26,880,000)
Proceeds from sale/leaseback of digital projection equipment           953,000
Other, net (575,000) (7,448,000)     205,000 98,000
Net cash used in investing activities (158,898,000) (268,784,000)     (31,031,000) (163,714,000)
Cash flows from financing activities:            
Proceeds from issuance of Term Loan due 2020   773,063,000        
Capital contribution from Holdings   355,580,000        
Repayment of Term Loan due 2016   (464,088,000)        
Repayment of Term Loan due 2018   (296,250,000)        
Proceeds from issuance of Term Loan due 2018           297,000,000
Repayment of Term Loan due 2013           (140,657,000)
Repurchase of Senior Subordinated Notes due 2014         (191,035,000) (108,965,000)
Principal payments under Term Loan (4,002,000) (7,813,000)     (4,002,000) (4,875,000)
Principal payments under capital and financing lease obligations (875,000) (6,446,000)     (1,298,000) (3,422,000)
Capital contribution from Wanda 100,000,000          
Deferred financing costs   (9,126,000)     (2,378,000) (6,002,000)
Change in construction payables 22,487,000 (19,404,000)     (23,575,000) 13,512,000
Dividends paid to Holdings   (588,000)       (109,581,000)
Net cash provided by (used in) financing activities 117,610,000 324,928,000     (222,288,000) (62,990,000)
Effect of exchange rate changes on cash and equivalents (207,000) (103,000)     16,000 556,000
Net increase (decrease) in cash and equivalents 32,397,000 413,383,000     (173,806,000) (28,821,000)
Cash and equivalents at beginning of period 98,531,000 130,928,000     272,337,000 301,158,000
Cash and equivalents at end of period 130,928,000 544,311,000     98,531,000 272,337,000
Cash paid (refunded) during the period for:            
Interest (including amounts capitalized of $511, $0 and $14) 68,794,000 152,220,000     78,789,000 159,527,000
Income taxes, net 10,088,000 1,646,000     828,000 807,000
Schedule of non-cash investing and financing activities:            
Non-cash portion of investments in non-consolidated affiliates (See Note 7-Investments)     $ 26,315,000 $ 8,333,000