XML 41 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements Of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating Activities      
Net income $ 14,498 $ 31,112 $ 9,692 [1]
Adjustments to reconcile net income to net cash flows from operating activities:      
Equity earnings of unconsolidated joint ventures (974) (815) (999) [1]
Distributions of earnings from unconsolidated joint ventures 670 798 1,004
Gain recognized on foreign currency transactions   (563)  
Net loss (gain) on sale of assets 41 (9,360) (393) [1]
Interest on hedged derivatives 5    
Change in net deferred tax assets (1,719) 4,117 (4,942)
Depreciation and amortization 22,275 16,942 15,689
Other amortization 1,161 1,406 1,797
Casualty (gain) loss   (9,217) 1,421 [1]
Shared-based compensation expense 1,458 1,000 609
Net changes in operating assets and liabilities:      
Receivables 2,868 (3,093) 1,296
Prepaid and other assets (2,761) 350 (992)
Payments for accrued pension (2,961)    
Accounts payable and accrued expenses 2,107 (3,740) 2,843
Film rent payable (4,525) 2,764 1,244
Taxes payable (994) (839) (1,707)
Deferred revenue and other liabilities 1,496 (7,011) 3,626
Net cash provided by operating activities 32,645 23,851 30,188
Investing Activities      
Purchases of and additions to operating and investment properties (63,529) (65,903) (49,166)
Change in restricted cash (1,326) 33 178
Demolition costs of operating property   (3,700)  
Disposal of investment in unconsolidated joint ventures   (432)  
Distributions from unconsolidated joint ventures   124 296
Cash settlement on insurance claim   18,415 5,000
Proceeds from sale of properties   44,677 831
Net cash used in investing activities (64,855) (6,786) (42,861)
Financing Activities      
Repayment of long-term borrowings (54,374) (106,449) (63,748)
Proceeds from borrowings 90,895 91,030 81,616
Capitalized borrowing costs (1,230) (39) (3,992)
Repurchase of Class A nonvoting common stock (2,316) (6,532) (2,850)
Proceeds from stock option exercises 344 52 146
Noncontrolling interest contributions 82 193 268
Noncontrolling interest distributions (191) (310) (194)
Net cash provided by / (used in) financing activities 33,210 (22,055) 11,246
Effect of exchange rate on cash (1,541) (359) 742
Net (decrease) in cash and cash equivalents (541) (5,349) (685)
Cash and cash equivalents at the beginning of the year 13,668 19,017 19,702
Cash and cash equivalents at end of the year 13,127 13,668 19,017
Supplemental Disclosures      
Interest paid 8,035 4,880 5,948
Income taxes paid, net 8,941 9,245 6,607
Non-Cash Transactions      
Lease make-good accrual     $ 35
In-kind exchange of stock for the exercise of options, net   788  
Additions to operating and investing properties through accrued expenses $ 3,969 $ 10,804  
[1] Certain prior year balances have been reclassified to conform to the 2017 presentation (see Note 2 - Summary of Significant Accounting Policies - Reclassifications).