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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (567.2) $ (2,176.3)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 114.1 122.5  
Deferred income taxes (6.2) 71.2  
Impairment of long-lived assets, definite and indefinite-lived intangible assets and goodwill   1,851.9  
Amortization of net premium on corporate borrowings to interest expense 42.3 3.1  
Amortization of deferred financing costs to interest expense 12.1 4.1  
PIK interest expense 52.7    
Non-cash portion of stock-based compensation 5.4 2.7  
Gain on dispositions   (1.0)  
Loss on derivative asset and derivative liability   19.6  
Equity in loss from non-consolidated entities, net of distributions 2.8 11.2  
Landlord contributions 3.7 16.1  
Other non-cash rent expense (benefit) (7.5) 2.3  
Deferred rent (21.8) (18.3)  
Net periodic benefit cost (0.2) 0.3  
Change in assets and liabilities:      
Receivables (2.7) 129.4  
Other assets (13.0) 29.2  
Accounts payable (11.9) (169.8)  
Accrued expenses and other liabilities 96.4 (105.7)  
Other, net (11.9) 23.5  
Net cash used in operating activities (312.9) (184.0)  
Cash flows from investing activities:      
Capital expenditures (11.9) (91.7)  
Proceeds from disposition of long-term assets 5.2 3.4  
Investments in non-consolidated entities, net (9.3)    
Other, net   0.9  
Net cash used in investing activities (16.0) (87.4)  
Cash flows from financing activities:      
Borrowings (repayments) under revolving credit facilities (335.0) 325.1  
Scheduled principal payments under Term Loan due 2026 (5.0) (5.0)  
Payments related to sale of noncontrolling interest (0.3)    
Principal payments under finance lease obligations (1.9) (2.3)  
Cash used to pay for deferred financing costs (19.0) (0.1)  
Cash used to pay dividends   (4.3)  
Taxes paid for restricted unit withholdings   (1.0)  
Net cash provided by financing activities 854.7 312.4  
Effect of exchange rate changes on cash and cash equivalents and restricted cash (5.1) (6.7)  
Net increase in cash and cash equivalents and restricted cash 520.7 34.3  
Cash and cash equivalents and restricted cash at beginning of period 321.4 275.5 $ 275.5
Cash and cash equivalents and restricted cash at end of period 842.1 309.8 $ 321.4
Cash paid during the period for:      
Interest (including amounts capitalized of $0.2 million and $0.3 million) 26.2 34.6  
Income taxes (received) paid, net (9.0) 1.7  
Schedule of non-cash activities:      
Investment in NCM 5.8 4.5  
Construction payables at period end 10.0 $ 58.4  
Class A common stock      
Cash flows from financing activities:      
Proceeds from Class A common stock issuance 581.6    
First Lien Toggle Notes due 2026      
Cash flows from financing activities:      
Proceeds from First Lien Toggle Notes due 2026 100.0    
Odeon      
Cash flows from financing activities:      
Proceeds from issuance of Odeon Term Loan due 2023 $ 534.3