XML 66 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 5,753 $ 96,308 $ (7,710)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 42,536 33,482 32,365
Amortization of debt issuance costs 1,450 1,761 3,425
Impairment of long-lived assets 3,869 4,348 3,489
Loss on extinguishment of debt   4,961  
Deferred income taxes 3,644 (88,490)  
Stock-based compensation 2,527 2,166 2,012
(Loss) income from unconsolidated affiliates (14) 257 (1,797)
Other 473 319 516
Write-off of note receivable     750
(Gain) loss on sale of property and equipment (528) (201) 102
Changes in operating assets and liabilities (net of acquisitions):      
Accounts receivable and inventories (781) (1,939) (1,501)
Screenvision receivable     30,000
Prepaid expenses and other assets (2,455) 60 (476)
Accounts payable 12,969 (4,282) 6,638
Accrued expenses and other liabilities 878 3,195 1,648
Distributions from unconsolidated affiliates 468 440 426
Net cash provided by operating activities 70,789 52,385 69,887
Cash flows from investing activities:      
Purchases of property and equipment (37,812) (35,059) (19,282)
(Funding) release of restricted cash (59) 38 4
Theatre acquisitions (42,928) (22,237) (11,800)
Investment in unconsolidated affiliates (20) (55) (718)
Proceeds from sale of property and equipment 1,804 4,741 2,186
Net cash used in investing activities (79,015) (52,572) (29,610)
Debt activities:      
Short-term borrowings   5,000 5,000
Repayment of short-term borrowings   (5,000) (5,000)
Issuance of long-term debt   209,500  
Repayments of long-term debt   (200,229) (37,234)
Repayments of capital lease and long-term financing obligations (4,432) (2,057) (1,879)
Issuance of common stock 88,043 56,566  
Proceeds from exercise of stock options 125 305  
Purchase of treasury stock (174) (57) (26)
Debt issuance costs   (8,621) (588)
Net cash provided by (used in) financing activities 83,562 55,102 (39,727)
Increase in cash and cash equivalents 75,336 54,915 550
Cash and cash equivalents at beginning of period 68,531 13,616 13,066
Cash and cash equivalents at end of period 143,867 68,531 13,616
Cash paid during the year for:      
Interest 47,647 32,039 30,036
Income taxes 5,657 7,453 11,703
Non-cash investing and financing activities:      
Non-cash purchase of property and equipment 2,631 3,268 3,165
Consideration given for MNM acquisition     1,570
Consideration given for Rave acquisition   $ 1,173