Redbox 2015 Annual Report Download - page 68

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See accompanying Notes to Consolidated Financial Statements
Year Ended December 31,
2015 2014 2013
Effect of exchange rate changes on cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,829 $ 2,683 $ 1,538
Increase (decrease) in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20,147) (128,741) 88,543
Cash and cash equivalents:
Beginning of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242,696 371,437 282,894
End of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 222,549 $ 242,696 $ 371,437
Supplemental disclosure of cash flow information:
Cash paid during the period for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45,502 $ 41,614 $ 20,699
Cash paid during the period for income taxes, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,544 $ 36,777 $ 55,989
Supplemental disclosure of non-cash investing and financing activities:
Purchases of property and equipment financed by capital lease obligations . . . . . . . . . . $ 2,397 $ 8,198 $ 7,408
Purchases of property and equipment included in ending accounts payable . . . . . . . . . . $ 2,577 $ 8,255 $ 6,656
Non-cash gain included in equity investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 68,376
Common stock issued on conversion of callable convertible debt, net of tax . . . . . . . . . $ — $ 24,255 $ 14,292
Non-cash debt issue costs(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 4,500 $ 6,231
(1) During 2015 we discontinued our Redbox operations in Canada. 2014 also includes the wind-down process of certain new ventures that were discontinued
during 2013. Cash flows from these discontinued operations are not segregated from cash flows from continuing operations in all periods presented. See
Note 12: Discontinued Operations for cash flow disclosures related to our discontinued Redbox operations in Canada.
(2) The non-cash restructuring, impairment and related costs in 2015 of $2.1 million is composed of $7.4 million in impairments of lease related assets
partially offset by a $5.3 million benefit resulting from the lease termination. The 2013 non-cash charge represents asset impairments of $32.7 million
related to our four ventures previously included in our former New Ventures segment, Orango, Rubi, Crisp Market, and Star Studio, which were
discontinued during 2013.
(3) Total financing costs associated with the Credit Facility and senior unsecured notes issued in 2014 were $8.2 million composed of non-cash debt issue
costs of $4.5 million recorded as debt discount associated with our issuance of $300.0 million senior unsecured notes due 2021, $1.5 million in deferred
financing fees associated with the senior unsecured notes, and $2.2 million in deferred financing fees associated with the refinancing of our Credit
Facility. The cash payments for financing costs associated with the Credit Facility and senior unsecured notes in 2014 were $2.9 million.
(4) The total cost of repurchases of common stock in 2014 was $545.1 million, which includes $3.7 million in fees and expenses relating to the tender offer
recorded as part of the cost of treasury stock in our Consolidated Balance Sheets. The cash payments for the tender offer fees in 2014 were $3.7 million.
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