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Posted on Jul 25, 2024

18. From a financial perspective, what are the greatest strengths impacting AMCs prospects? 4.30 - AMC Holdings - Quarterly Income Statements (in Millions, except share

18. From a financial perspective, what are the greatest strengths impacting AMCs prospects?

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4.30 - AMC Holdings - Quarterly Income Statements (in Millions, except share and per share Three Months Ended amounts) March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 2017 2017 2017 2017 2018 2018 2014 2018 2019 2019 20119 2019 2020 Revenues Admissions $ 817.30 $ 761.40 $ 753.50 $ 897.30 $ 875.00 897.30 $ 875.00 $ 896.30 $ 751.40 S 862.30 $ 731.50 $ 895.50 $ 797.30 $ 877.00 $ 568.00 Food and beverage 397.90 374.10 361.40 415.00 405.80 445.80 384.80 435.10 368.80 492.50 420.00 438.00 288.10 Other theatre 68.20 66.80 63.80 102.50 102.80 100.40 85.20 115.90 100.10 118.10 99.50 132.40 85.40 Total revenues 1,283.40 1,202.30 1,178.70 1.414.80 1,383.60 1.412.50 1.221.40 1.413.30 1,200.40 1,506.10 1,316.80 1.447.70 941.50 Operating costs and expenses Fim exhibition costs 420.70 379.80 364.80 439.00 426.50 471.40 378.80 433.50 365.30 482.50 416.80 434.50 271.70 Food Food and beverage costs 60.60 62.10 60.70 68.70 66.20 72.20 63.60 68.90 61.50 76.40 67.20 73.60 53.40 Operating expense, excluding depreciation and amortization below 363.90 389.20 383.20 411.70 411.90 424.50 100.50 1,654.70 402.80 437.10 419.00 427,40 356.90 Rent 182.60 199.80 200.70 211.30 189.70 199.70 203.70 (14.60) 242.00 245.90 238.70 241.20 237.80 General and administrative: Merger, acquisition and transaction costs 40.40 11.50 5.60 5.50 4.70 4.30 18.10 4.20 3.30 3.20 4.70 4.30 0.20 Other, excluding depreciation and amortization 46.10 32.80 78.90 below 34.50 98.70 44.20 43.00 48.40 43.70 46.20 43.20 37.50 26.10 33.20 Depreciation and amortization 125.30 133.30 135.20 144.80 130.50 137.70 130.20 139.40 113.00 112.00 112.10 112.90 122.50 Impairment of long-lived assets, definite and indefinite-lived 43.60 intangible assets and goodwill 13.80 84.30 1,851.90 Operating costs and expenses 1,228.00 1,221.80 1,183.00 1,344.40 1,273.70 1,352.80 1,243.30 1,326.00 1,234.10 1.400.60 1,296.00 1,404.30 2,927.60 Operating income 55.40 (19.50) (4.30) 70.40 109.90 89.70 (21.90) 87.30 (33.70) 105.50 20.80 43.40 (1.986.10 Other expense (Income): Othor oxponse (incomo) (2.70) 1.10 (0.60) 0.70 1.20 2.20 54.10 (165.60) (23.40) (1.30) 38.10 26.90 Interest expense: pense 29.80 (29.80) Corporate borrowings 51.10 59.60 60.80 60.10 61.70 62.20 64.30 74.10 71.30 74.20 73.20 74.10 71.30 Capital and financing lease obligations 10.80 10.30 10.60 10.70 10.30 9.80 9.40 9.00 2.10 2.10 1.80 1.60 1.60 Non-cash NCM exhibitor service agreement 10.50 10.40 10.30 10.30 10.20 10.10 10.10 10.00 9.90 Equity in Income (loss) of non-consolidated entities 2.30 195.00 1.80 13.90 9.00 (13.00) (70.00) (12.70) (6.50) (10.20) (7.50) (6.40) 2.90 Investment income (5.30 0.60 (16.60) 1.30 (5.20) (1.50) (0.70) 1.20 (16.10) (2.10) (0.50) 2.70 9.40 Total other Total other expense 56.20 266.60 56.00 56.30 87.50 70.10 67.40 (83.70 90.80 50.70 75.80 9.03 122.00 Eamings (loss) before income taxes (0.80) (286.10) (60.30) 14.10 22.40 19.60 (89.30) 171.00 (124.50) 54.80 (55.00) (46.90) (2.108.10 Income tax provision (benefit) (9.20) (109.60) (17.60) 290.50 4.70 (2.60) 11.10 0.40 5.70 . 5.40 (0.20) (33.40) 68.20 Net earnings (loss) $ 8.40 $ (176.50) $ (12.70) $ (276.40) S 17.70 $ 22.20 $ (100.40) $ 170.60 $ (130.20) $ 49.40 (54.80) $ (13.50) Eamings (loss) per share attributable to AMC Entertainment Holdings, Basic $ 0.07 $ (1.35) $ (0.33) $ (2.19) S 0.14 $ 0.17 $ (0.82) S 1.42 $ (1.25) $ 0.48 $ (0.53) $ (0.14) $ (20.88 Diluted $ 0.07 $ (1.35) $ (0.33) $ (2.19) S 0.14 $ 0.17 $ (0.82) $ 0.92 $ (1.25) $ 0.17 S (0.53) S (0.17) $ 20.88 Average shares outstanding: Basic (in thousands) 121.358 131.166 131,077 128,246 128.046 128,039 123,126 120,621 103,783 103.845 103.850 103,832 104,245 Diluted (in thousands) 121,401 131,166 131,077 128,246 128.046 128,105 123,126 130,105 103,783 135,528 103,850 103,832 104,245 Dividends declared per basic and diluted common share $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 1.55 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.03 0.20 $ Consolidated Balance Sheets Three Months Endod March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 ASSETS 2017 2017 2017 2017 2018 2016 2018 2018 2019 2019 2019 2019 2020 Current assets: Cash and equivalents $ 313.10 $ 127.80 $ 260.00 $ 310.00 $ 300.90 $ 316.40 $ 333.30 S 313.30 $ 184.60 $ 190.50 $ 100.40 $ 265.00 $ 299.80 Restricted cash 6.50 6.80 8.30 11.60 11.00 11.00 10.70 10.60 10.70 10.20 10.50 10.00 Receivables, net 144.80 153.80 128.90 271.50 167.10 179.10 155.20 259.50 193.80 228.50 157.90 254.20 126.80 Assets held for sale 221.40 110.50 80.00 54.40 130.50 Other current assets 211.70 223.70 226.30 202.60 204.10 203.90 187.00 197.80 162.60 160.30 180.20 143.40 115.20 Total current assets 891.00 622.30 622.00 872.40 738.10 840.90 686.50 781.30 551.60 590.00 448.70 673.10 551.80 Property, net 3,162.20 3254.00 3244.50 3,116.50 3,091.30 3,028.10 3,028.60 3,039.60 2,600.80 2,613.90 2,581.40 2,649.20 4,602.30 Oporating lease right-of-use assets, net 4,809.20 4,798.90 4,794.90 4,796.00 4,602.30 Intangible assets, net 362.60 389.40 387.80 380.50 378.00 365.30 359.30 352.10 199.00 197.60 193.90 195.30 175.10 Goodwill Goodwm 4,823.70 4932.20 4889.50 4,931.70 4,944.20 4,830.70 4,820.00 4,788.70 4,787.90 4,763.00 4,693.80 4,789.10 2,938.00 Deferred tax asset 105.40 204.70 222.20 28.90 28.20 28.20 29.50 28.50 31.00 31.10 30.70 70.10 0.50 Other long-term assets 595.10 509.10 544.70 475.90 505.90 438.60 438.30 505.50 493.70 520.40 537.90 503.00 450.20 Total assets $9,940.00 $9,811.70 $9,910.70 $9,805.90 $9,685.70 $9,531.80 $9,363.00 $9,495.80 ******* ******** ********************* LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 510.40 477.80 469.10 $ 569.60 $ 454.20 $ 535.80 $ 395.10 $ 452.60 $ 382.80 $ 423.20 S 361.60 $ 543.30 $ 337.10 Accrued expenses and other liabilities 330.70 289.80 337.40 351.10 348.50 312.20 387.10 378.50 342.40 317.80 338.60 324.60 263.00 Deferred revenues and income 294.50 292.80 284.60 401.00 332.90 311.20 293.20 414.80 370.10 369.80 347.50 449.20 400.30 Current maturities of corporate barrowings 103.20 86.20 89.10 87.70 86.60 84.20 83.00 15.20 15.20 21.10 21.40 20.00 20.00 Current maturities of finance lease liabilities . 11.60 10.90 10.00 10.30 10.20 Current maturities of operating lease liabilities 570.70 570.80 568.10 585.80 581.50 Current maturities of capital and financing lease 67.00 Total current liabilities 1,238.80 1146.60 1180.20 1,409.40 1,222.20 1,243.40 1,158.40 1,328.10 1,692.80 1,713.90 1,647.20 1,933.20 1,612.10 Corporate borrowings 4,180.00 4249.10 4277.40 4,220.10 4,244.10 4,202.60 4.840.30 4.707.80 4.737.70 4,713.10 4.710.10 4,733.40 5,020.80 Capital and financing lease obligations 613.10 599.10 594.40 578.90 573.10 536.80 516.70 493.20 117.00 109.10 89.50 89.60 85.00 Operating lease liabilities 4.826.60 4,852.00 4,857.60 4,913.80 4,784.30 Exhibitor services agreement 553.30 545.90 538.40 530.90 575.00 571.40 567.70 564.00 561.60 557.70 553.80 549.70 550.40 Deferred tax liability 26.60 46.90 47.40 49.60 48.50 44.30 44.30 41.60 45.80 51.70 49.80 46.00 47.70 Other long-term liabilities 726.50 746.60 847.70 903.80 937.50 963.00 980.70 963.10 188.20 192.00 190.00 195.90 212.00 Total liabilities 7,338.30 7334.20 7485.50 7.692.70 7,600.40 7,561.50 8,108.10 8,097.80 12,169.70 12,189.80 12,098.00 12,461.60 12312 Stockholders' equity: Class A common stock (5.01 Par value) 1.10 0.60 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Class B common stock ($.01 par value) 0.60 0.80 0.80 0.80 0.80 0.80 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Additional paid-in capital 2.237.80 2240.30 2240.00 2.241.60 2,242.90 2,247.00 1,994.50 1998.40 2,001.70 2,006.80 2,008.90 2.001.00 2.003.66 Treasury stock (0.70) (0.70) (48.20) (48.20) (56.40) (56.40) (56.40) (56.10) (56.40) (56.40) (56.40 (17.20 (56.10) 4.30 - AMC Holdings - Quarterly Income Statements (in Millions, except share and per share Three Months Ended amounts) March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 2017 2017 2017 2017 2018 2018 2014 2018 2019 2019 20119 2019 2020 Revenues Admissions $ 817.30 $ 761.40 $ 753.50 $ 897.30 $ 875.00 897.30 $ 875.00 $ 896.30 $ 751.40 S 862.30 $ 731.50 $ 895.50 $ 797.30 $ 877.00 $ 568.00 Food and beverage 397.90 374.10 361.40 415.00 405.80 445.80 384.80 435.10 368.80 492.50 420.00 438.00 288.10 Other theatre 68.20 66.80 63.80 102.50 102.80 100.40 85.20 115.90 100.10 118.10 99.50 132.40 85.40 Total revenues 1,283.40 1,202.30 1,178.70 1.414.80 1,383.60 1.412.50 1.221.40 1.413.30 1,200.40 1,506.10 1,316.80 1.447.70 941.50 Operating costs and expenses Fim exhibition costs 420.70 379.80 364.80 439.00 426.50 471.40 378.80 433.50 365.30 482.50 416.80 434.50 271.70 Food Food and beverage costs 60.60 62.10 60.70 68.70 66.20 72.20 63.60 68.90 61.50 76.40 67.20 73.60 53.40 Operating expense, excluding depreciation and amortization below 363.90 389.20 383.20 411.70 411.90 424.50 100.50 1,654.70 402.80 437.10 419.00 427,40 356.90 Rent 182.60 199.80 200.70 211.30 189.70 199.70 203.70 (14.60) 242.00 245.90 238.70 241.20 237.80 General and administrative: Merger, acquisition and transaction costs 40.40 11.50 5.60 5.50 4.70 4.30 18.10 4.20 3.30 3.20 4.70 4.30 0.20 Other, excluding depreciation and amortization 46.10 32.80 78.90 below 34.50 98.70 44.20 43.00 48.40 43.70 46.20 43.20 37.50 26.10 33.20 Depreciation and amortization 125.30 133.30 135.20 144.80 130.50 137.70 130.20 139.40 113.00 112.00 112.10 112.90 122.50 Impairment of long-lived assets, definite and indefinite-lived 43.60 intangible assets and goodwill 13.80 84.30 1,851.90 Operating costs and expenses 1,228.00 1,221.80 1,183.00 1,344.40 1,273.70 1,352.80 1,243.30 1,326.00 1,234.10 1.400.60 1,296.00 1,404.30 2,927.60 Operating income 55.40 (19.50) (4.30) 70.40 109.90 89.70 (21.90) 87.30 (33.70) 105.50 20.80 43.40 (1.986.10 Other expense (Income): Othor oxponse (incomo) (2.70) 1.10 (0.60) 0.70 1.20 2.20 54.10 (165.60) (23.40) (1.30) 38.10 26.90 Interest expense: pense 29.80 (29.80) Corporate borrowings 51.10 59.60 60.80 60.10 61.70 62.20 64.30 74.10 71.30 74.20 73.20 74.10 71.30 Capital and financing lease obligations 10.80 10.30 10.60 10.70 10.30 9.80 9.40 9.00 2.10 2.10 1.80 1.60 1.60 Non-cash NCM exhibitor service agreement 10.50 10.40 10.30 10.30 10.20 10.10 10.10 10.00 9.90 Equity in Income (loss) of non-consolidated entities 2.30 195.00 1.80 13.90 9.00 (13.00) (70.00) (12.70) (6.50) (10.20) (7.50) (6.40) 2.90 Investment income (5.30 0.60 (16.60) 1.30 (5.20) (1.50) (0.70) 1.20 (16.10) (2.10) (0.50) 2.70 9.40 Total other Total other expense 56.20 266.60 56.00 56.30 87.50 70.10 67.40 (83.70 90.80 50.70 75.80 9.03 122.00 Eamings (loss) before income taxes (0.80) (286.10) (60.30) 14.10 22.40 19.60 (89.30) 171.00 (124.50) 54.80 (55.00) (46.90) (2.108.10 Income tax provision (benefit) (9.20) (109.60) (17.60) 290.50 4.70 (2.60) 11.10 0.40 5.70 . 5.40 (0.20) (33.40) 68.20 Net earnings (loss) $ 8.40 $ (176.50) $ (12.70) $ (276.40) S 17.70 $ 22.20 $ (100.40) $ 170.60 $ (130.20) $ 49.40 (54.80) $ (13.50) Eamings (loss) per share attributable to AMC Entertainment Holdings, Basic $ 0.07 $ (1.35) $ (0.33) $ (2.19) S 0.14 $ 0.17 $ (0.82) S 1.42 $ (1.25) $ 0.48 $ (0.53) $ (0.14) $ (20.88 Diluted $ 0.07 $ (1.35) $ (0.33) $ (2.19) S 0.14 $ 0.17 $ (0.82) $ 0.92 $ (1.25) $ 0.17 S (0.53) S (0.17) $ 20.88 Average shares outstanding: Basic (in thousands) 121.358 131.166 131,077 128,246 128.046 128,039 123,126 120,621 103,783 103.845 103.850 103,832 104,245 Diluted (in thousands) 121,401 131,166 131,077 128,246 128.046 128,105 123,126 130,105 103,783 135,528 103,850 103,832 104,245 Dividends declared per basic and diluted common share $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 1.55 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.03 0.20 $ Consolidated Balance Sheets Three Months Endod March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 ASSETS 2017 2017 2017 2017 2018 2016 2018 2018 2019 2019 2019 2019 2020 Current assets: Cash and equivalents $ 313.10 $ 127.80 $ 260.00 $ 310.00 $ 300.90 $ 316.40 $ 333.30 S 313.30 $ 184.60 $ 190.50 $ 100.40 $ 265.00 $ 299.80 Restricted cash 6.50 6.80 8.30 11.60 11.00 11.00 10.70 10.60 10.70 10.20 10.50 10.00 Receivables, net 144.80 153.80 128.90 271.50 167.10 179.10 155.20 259.50 193.80 228.50 157.90 254.20 126.80 Assets held for sale 221.40 110.50 80.00 54.40 130.50 Other current assets 211.70 223.70 226.30 202.60 204.10 203.90 187.00 197.80 162.60 160.30 180.20 143.40 115.20 Total current assets 891.00 622.30 622.00 872.40 738.10 840.90 686.50 781.30 551.60 590.00 448.70 673.10 551.80 Property, net 3,162.20 3254.00 3244.50 3,116.50 3,091.30 3,028.10 3,028.60 3,039.60 2,600.80 2,613.90 2,581.40 2,649.20 4,602.30 Oporating lease right-of-use assets, net 4,809.20 4,798.90 4,794.90 4,796.00 4,602.30 Intangible assets, net 362.60 389.40 387.80 380.50 378.00 365.30 359.30 352.10 199.00 197.60 193.90 195.30 175.10 Goodwill Goodwm 4,823.70 4932.20 4889.50 4,931.70 4,944.20 4,830.70 4,820.00 4,788.70 4,787.90 4,763.00 4,693.80 4,789.10 2,938.00 Deferred tax asset 105.40 204.70 222.20 28.90 28.20 28.20 29.50 28.50 31.00 31.10 30.70 70.10 0.50 Other long-term assets 595.10 509.10 544.70 475.90 505.90 438.60 438.30 505.50 493.70 520.40 537.90 503.00 450.20 Total assets $9,940.00 $9,811.70 $9,910.70 $9,805.90 $9,685.70 $9,531.80 $9,363.00 $9,495.80 ******* ******** ********************* LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 510.40 477.80 469.10 $ 569.60 $ 454.20 $ 535.80 $ 395.10 $ 452.60 $ 382.80 $ 423.20 S 361.60 $ 543.30 $ 337.10 Accrued expenses and other liabilities 330.70 289.80 337.40 351.10 348.50 312.20 387.10 378.50 342.40 317.80 338.60 324.60 263.00 Deferred revenues and income 294.50 292.80 284.60 401.00 332.90 311.20 293.20 414.80 370.10 369.80 347.50 449.20 400.30 Current maturities of corporate barrowings 103.20 86.20 89.10 87.70 86.60 84.20 83.00 15.20 15.20 21.10 21.40 20.00 20.00 Current maturities of finance lease liabilities . 11.60 10.90 10.00 10.30 10.20 Current maturities of operating lease liabilities 570.70 570.80 568.10 585.80 581.50 Current maturities of capital and financing lease 67.00 Total current liabilities 1,238.80 1146.60 1180.20 1,409.40 1,222.20 1,243.40 1,158.40 1,328.10 1,692.80 1,713.90 1,647.20 1,933.20 1,612.10 Corporate borrowings 4,180.00 4249.10 4277.40 4,220.10 4,244.10 4,202.60 4.840.30 4.707.80 4.737.70 4,713.10 4.710.10 4,733.40 5,020.80 Capital and financing lease obligations 613.10 599.10 594.40 578.90 573.10 536.80 516.70 493.20 117.00 109.10 89.50 89.60 85.00 Operating lease liabilities 4.826.60 4,852.00 4,857.60 4,913.80 4,784.30 Exhibitor services agreement 553.30 545.90 538.40 530.90 575.00 571.40 567.70 564.00 561.60 557.70 553.80 549.70 550.40 Deferred tax liability 26.60 46.90 47.40 49.60 48.50 44.30 44.30 41.60 45.80 51.70 49.80 46.00 47.70 Other long-term liabilities 726.50 746.60 847.70 903.80 937.50 963.00 980.70 963.10 188.20 192.00 190.00 195.90 212.00 Total liabilities 7,338.30 7334.20 7485.50 7.692.70 7,600.40 7,561.50 8,108.10 8,097.80 12,169.70 12,189.80 12,098.00 12,461.60 12312 Stockholders' equity: Class A common stock (5.01 Par value) 1.10 0.60 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Class B common stock ($.01 par value) 0.60 0.80 0.80 0.80 0.80 0.80 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Additional paid-in capital 2.237.80 2240.30 2240.00 2.241.60 2,242.90 2,247.00 1,994.50 1998.40 2,001.70 2,006.80 2,008.90 2.001.00 2.003.66 Treasury stock (0.70) (0.70) (48.20) (48.20) (56.40) (56.40) (56.40) (56.10) (56.40) (56.40) (56.40 (17.20 (56.10)