| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
219,818 | 316,003 | 313,026 | 156,727 | 192,855 | 114,034 | 156,873 | 403,039 | 13,145 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
118,230 | 115,693 | 111,671 | 106,893 | 107,411 | 108,107 | 128,075 | 148,045 | 168,999 |
Reorganization items, net | ||||||||
- | - | - | - | - | - | -180 | 2,168 | 2,455 |
Stock-based compensation | ||||||||
13,274 | -46,684 | -22,697 | 116,339 | 56,233 | 140,038 | 27,034 | 62,875 | 54,261 |
Interest accretion on notes payable | ||||||||
1,310 | 1,344 | 1,056 | 413 | 856 | 1,221 | -1,252 | -1,201 | -1,870 |
Loss on debt extinguishment | ||||||||
-6,484 | 0 | -37,116 | -2,935 | -6,557 | 0 | -789 | -587 | -46,520 |
Amortization of debt issuance costs | ||||||||
3,600 | 4,000 | 4,100 | 4,500 | 4,518 | 4,748 | 4,285 | 2,411 | 7,751 |
Other, including (gain) loss on disposal of assets | ||||||||
1,029 | -574 | -6,875 | -992 | -17,278 | -1,672 | -9,988 | -8,247 | -7,168 |
Gain on sale of investee | ||||||||
724 | 0 | 0 | - | - | 10,031 | 0 | 67,319 | 0 |
Decrease in accounts receivable | ||||||||
-7,725 | 39,193 | 3,108 | 6,157 | 6,072 | 7,764 | 22,146 | 10,497 | -844 |
Increase in inventories, prepaid expenses and other current assets | ||||||||
14,709 | 3,769 | 1,847 | 4,948 | -306 | 5,744 | 2,062 | 2,352 | 549 |
Decrease in deposits and other assets | ||||||||
1,665 | -1,633 | 3,597 | 2,011 | 2,465 | 486 | 473 | 5,439 | 6,151 |
Decrease in ROU operating leases | ||||||||
-7,865 | 0 | 0 | - | - | - | - | - | - |
Increase in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities | ||||||||
-15,472 | -13,750 | 5,478 | 16,134 | 41,775 | 13,293 | 12,147 | 12,455 | 817 |
Increase (decrease) in operating lease liabilities | ||||||||
-7,914 | 0 | 0 | - | - | - | - | - | - |
Decrease in accrued interest payable | ||||||||
-4,569 | 4,409 | -1,396 | 8,129 | 13 | -56 | 17,239 | 1,288 | -2,342 |
Deferred income taxes | ||||||||
78,386 | 72,893 | -1,571 | -63,286 | -54,496 | -33,291 | -34,915 | 194,167 | 14,701 |
Net cash provided by operating activities before reorganization activities | ||||||||
- | - | - | - | - | - | - | 373,420 | 292,389 |
Net cash used in reorganization activities | ||||||||
- | - | - | - | - | - | - | 1,788 | 17,452 |
Net cash used in operating activities | ||||||||
410,573 | 413,132 | 445,067 | 463,235 | 473,761 | 392,323 | 368,682 | 371,632 | 274,937 |
Cash flows from investing activities: | ||||||||
Additions to property and equipment | ||||||||
143,913 | 135,624 | 135,219 | 129,258 | 114,370 | 108,660 | 101,853 | 99,989 | 91,680 |
Property insurance recoveries | ||||||||
3,737 | 2,500 | 523 | 320 | 173 | 850 | 0 | 1,494 | 536 |
Purchase of identifiable intangible assets | ||||||||
- | - | - | 125 | 29 | 49 | 75 | 0 | 0 |
Acquisition of park assets, net of cash acquired | ||||||||
0 | 19,059 | 0 | 0 | - | - | - | - | - |
Acquisition of theme park assets | ||||||||
- | - | - | - | - | - | - | - | 25 |
Proceeds from sale of DCP | ||||||||
- | - | - | - | - | 10,031 | 0 | 69,987 | 0 |
Sale of restricted-use investments, net | ||||||||
0 | 0 | -3,926 | 890 | 565 | 648 | 605 | 706 | 0 |
Proceeds from sale of assets | ||||||||
1,050 | 71 | 607 | 2,212 | 5,123 | 148 | 230 | 1,557 | 216 |
Maturities of restricted-use investments | ||||||||
- | - | - | - | - | - | - | - | 2,425 |
Net cash used in investing activities | ||||||||
-139,126 | -152,112 | -130,163 | -127,741 | -109,668 | -98,328 | -102,303 | -27,657 | -88,528 |
Cash flows from financing activities: | ||||||||
Repayment of borrowings | ||||||||
802,750 | 274,000 | 949,161 | 333,426 | 710,565 | 62,308 | 17,776 | 353,230 | 959,412 |
Proceeds from borrowings | ||||||||
970,000 | 356,000 | 1,313,000 | 481,170 | 834,250 | 56,000 | 11,500 | 800,000 | 934,400 |
Payment of debt issuance costs | ||||||||
9,911 | 793 | 37,336 | 6,278 | 11,916 | 0 | 2,660 | 16,878 | 16,584 |
Payment of cash dividends | ||||||||
278,951 | 267,044 | 227,101 | 220,314 | 200,957 | 184,300 | 176,171 | 148,286 | 9,791 |
Proceeds from issuance of common stock | ||||||||
19,627 | 43,705 | 62,502 | 36,501 | 40,531 | 38,840 | 30,860 | 40,929 | 9,700 |
Stock repurchases | ||||||||
52 | 110,990 | 499,442 | 211,751 | 245,114 | 195,353 | 523,589 | 231,984 | 59,998 |
Purchase of HWP ownership interests | ||||||||
- | - | - | - | - | - | 9,554 | 0 | 984 |
Purchase of redeemable noncontrolling interest | ||||||||
217 | 353 | 128 | 223 | 1,552 | 19 | 288 | 2,033 | 948 |
Distributions to noncontrolling interests | ||||||||
40,753 | 40,007 | 39,210 | - | - | - | - | - | - |
Noncontrolling interest distributions | ||||||||
- | - | - | 38,425 | 38,165 | 38,012 | 37,452 | 36,840 | 35,988 |
Net cash (used in) provided by financing activities | ||||||||
-143,007 | -293,482 | -376,876 | -292,746 | -333,488 | -385,152 | -725,130 | 51,678 | -139,605 |
Effect of exchange rate on cash | ||||||||
1,131 | -426 | 2,083 | -5,123 | -4,729 | -4,269 | -1,147 | 2,128 | -2,438 |
Net decrease in cash and cash equivalents | ||||||||
129,571 | -32,888 | -59,889 | 37,625 | 25,876 | -95,426 | -459,898 | 397,781 | 44,366 |
Supplemental cash flow information | ||||||||
Cash paid for interest | ||||||||
114,398 | 98,302 | 96,045 | 69,320 | 70,818 | 67,145 | 52,268 | 42,545 | 58,935 |
Cash paid for income taxes | ||||||||
28,209 | 30,009 | 14,473 | 17,267 | 14,975 | 16,772 | 13,768 | 9,435 | 7,945 |