AMC has 3 revenue streams: Admissions; Food and Beverage; and Other Theater. For each quarter, compute the Gross Margin percentages for Admissions and Food and Beverage. Note, explicitly, the assumptions you made in making your calculations and discuss the patterns you see in the revenue streams
AMC Holdings - Quarterly Income Statements (in milions, except share and per share Three Months Ended amounts) March 31 Jura 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 20 December 31 March 31 June 30 September 30 2017 2012 2012 2012 2018 2019 2018 2018 2019 2019 2019 2019 2020 2020 2020 Revenues Admissions S 817.30 S 761.40 S 753.50 S 897.30 S 875.00 S 896.30 S 751.40 S 862.30 S 731,50 S 895.50 S 797.30 S 877.00 S 568.00 S 0.90 S 62.90 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 0.40 29.10 Other theatre 68.20 66.80 63.80 102.50 102.BO 100.40 85.20 115.90 100.10 118.10 99.50 132.40 85.40 17.60 27.50 Total revenues 1,283.40 1,202.30 1,178.70 1,414.BO 1,383.60 1,442.50 1,221.40 1,413.30 1,200.40 1,506.10 1,316.30 1,447.70 941.50 18.90 119.50 Operating costs and expenses Fim exhibition costs 420.70 379.80 364.BO 439.00 426.50 471.40 378.80 433.50 365.30 482.50 416.80 434.50 271.70 D.20 26.60 Food and beverage costs 60.60 62.10 50.70 68.70 66.20 72 20 63.60 68.90 61.50 76.40 67.20 73.60 53.40 4.50 B.BO Operating expense, excluding depreciation and amortization below 363.90 389 20 383 20 411.70 411.90 424 50 400.50 1,654.70 402 BO 437.40 419 00 42740 356.90 114 B0 192.10 Rent 182.60 199.00 200.70 211.30 189.70 199.70 203.70 (14.60) 242.00 245 90 238.70 241.20 237.80 224.10 214.30 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 1.B0 1.00 Other, excluding depreciation and amortization 46.10 32.80 78.90 32.70 below 34.50 98.70 44.20 43.00 48.40 43.70 46.20 43.20 37.50 26.10 33.20 25.40 Depreciation and amortization 125.30 133.30 135.20 144.BO 130.50 137.70 130.20 139.40 113.00 112.00 112.10 112.90 122.50 119.70 123.50 Impairment of long.lived assets, definite and indefinite-ived 43.60 intangible assets and goodwil 13.BO 84.30 1,851.90 195.90 Operating costs and expenses 1,228.00 1,221 80 1,183.00 1,344 40 1,273.70 1,352 BO 1,243 30 1,326.00 1,234 10 1,400.60 1,296.00 1.404 30 2,927.60 490.50 794 90 Operating income 55.40 (1950) (4.30) 70.40 109 90 89.70 (21.90) 87.30 (33.70) 105.50 20.30 43.40 (1.986.10) ) (471.60) (675.40) Other expense (income): Other expense (income) (2.70) ) 1.10 (0.60) 0.70 1.20 2.20 54.10 (165.60) (23.40) (1.30) 38.10 26.90 (6.60) 125.00 Interest expense: 29.80 (29.80) Corporate borrowingo 51.10 59.60 60.BO 60.10 61.70 62.20 64.30 74.10 71.30 74.20 73.20 74.10 71.30 79.60 82.BO Capital and financing lease obligations 10.80 10.30 10.60 10.70 10.30 9.30 9.40 9.00 2.10 2.10 1.80 1.60 1.60 1.50 1.40 Non-cash NCM exhibitor service agreement 10.50 10.40 10.30 10.30 10.20 10.10 10.10 10.00 9.90 10.10 10.10 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 12.40 10.60 Investment income (5.30) 0.60 (16.80) 1.30 (5.20) (1.50) (0.70) 1.20 (16.10) (2.10) (0.50) 2.70 9.40 (1.30) (4.10) 4.20 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 95.70 225.80 Eamings (loss) before income taxes (0.80) (288.10) (60.30) 14.10 22.40 19.50 (89.30) 171.DO (124.50) 54.80 (55.00) (46.90) (2.108.10) (567.30) (901.20) Income tax provision benefit) 19.20) (109.60) (17.60) 290.50 4.70 (2.60) 11.10 0.40 5.70 5.40 (020) (33.40) 68.20 (6.10) 4.60 Net earnings (loss) S 8.40 S (176.50) $ (42.70) $ (276.40) $ 17.70 $ 22.20 $ (100.40) $ 170.60 $ (130.20) $ $ 49.40 (54.80) $ (13.50) ####### $ (561.20) (905.80) Earnings (loss) per share attributable to AMC Entertainment Holdings, Basic S 0.07 S (1.35) $ (0.33) $ 12.19) $ 0.14 $ 0.17 $ (0.B2) $ 1.42 $ (1.25) $ 0.48 $ (0.53) S (0.14) $ (20.89) S (5.38) S (8.41) Diluted S 0.07 $ (1.35) $ (0.33) $ (2.19) $ 0.14 $ 0.17 $ (0.B2) $ 0.92 $ (1.25) $ 0.17 $ (0.53) $ (0.17) $ 20.88 $ (5.38) $ (8.41) Average shares outstanding Basic (in thousands) 121,358 131,166 131,077 128,246 128.046 128,039 123,126 120,621 103,783 103,845 103,850 103,832 104,245 104,319 107,695 Diluted (in thousands) 121,401 131,166 131,077 128,246 128.046 128,105 123, 126 130,105 103,783 135,528 103,850 103,832 104,245 104,319 107,695 Dividends declared per basic and diluted common share S 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 1.55 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.03 Consolidated Balance Sheets Three Months Ended March 31 June 30 2017 2017 March 31 June 30 September 30 December 31 2017 2017 June 30 2018 September 30 December 31 1 March 31 2018 2013 2019 June 30 2019 September 30 December 31 March 31 2019 2019 2020 Septembar 30 2020 2018 2020 ASSETS Current assets Cash and equivalents Restricted cash Receivables, net Assets held for sale Other current assets Total current assets Property, net Operating lease right-of-use assets, net Intangible assets, not Goodwill Deferred tax asset Other long-term assets Total assets S 313.10 $ 127.80 $ 260.00 $ 310.00 $ 300.90 $ 316.40 $ 333.30 $ 313.30 $184.60 $ 190.50 $ 100.40 $ 265.00 $ 299.80 $ 498.00 $ 417.90 6.50 6.80 8.30 11.60 11.00 11.00 10.70 10.60 10.70 10.20 10.50 10.00 10.40 10.90 144.80 153.80 128.90 271,50 167.10 179 10 155 20 259.50 193.80 228.50 157.90 254 20 126.80 70.70 97.50 221.40 110.50 80.00 54.40 130.50 211.70 223.70 226.30 202.60 204.10 203.90 187. DO 197.80 182 50 160.30 180 20 143.40 115.20 100.60 82.30 391.00 622.30 622.00 872.40 739.10 840.90 686.50 781.30 551.60 590.00 448.70 673.10 551.80 679.70 608.60 3,162.20 3254.00 3244.50 3.116.50 3.091.30 3,028.10 3,028.60 3,039.60 2,600.BO 2,613.90 2,591.40 2,649.20 4,602.30 2,417.50 2,332.50 4,809 20 4,798.90 4.794.90 4.796.00 4,602.30 4,555.30 4,475.80 362.60 389.40 387.80 380.50 378.00 365.30 359.30 352.10 199.00 197.60 193.90 195 30 175.10 174.30 164.50 4,823.70 4932.20 4889.50 4.931.70 4.944.20 4.830.70 4,820.80 4.788.70 4.787 90 4,763.00 4,693.80 4,789.10 2,938.00 2,988.40 2,874.40 105.40 204.70 222.20 28.90 20.20 20.20 29.50 28.60 31 00 31.10 30.70 70.10 0.50 0.60 0.60 595.10 509.10 544.70 475.90 505.90 438.60 438.30 505.50 493.70 520.40 537.90 503.00 450.20 455.80 419.80 $9,940.00 $9,811.70 $9,910.70 $9,805.90 $9,685.70 $9.805.90 $9.685.70 $9.531.80 $9.363.00 $9.495.80 ################# 516.70 493.20 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 510.40 477.80 469.10 $ 569.60 $ 454.20 $ 535.80 S 395.10 S 452.60 S 382.80 $ 395.10 S 452.60 S 382.80 S 423.20 S 361.60 S 361.50 S 543.30 $ 337.10 $ 436.10 $ 376.90 Accrued expenses and other liabilities 330.70 289.80 337.40 351.10 348.50 312.20 387.10 378.50 342.40 317.80 338.60 324.60 263.00 257.50 268,90 Deferred revenues and income 294,50 292.80 284.60 401.00 332.90 311.20 293.20 414.80 370.10 369.80 347.50 449,20 400.30 406.10 400.90 Current maturities of corporate borrowings 103.20 86.20 89.10 87.70 86.60 84.20 83.00 15.20 15.20 21.40 21.40 20.00 20.00 20.00 20.00 Current maturities of finance lease liabilities 11.60 10.90 10.00 10.30 10.20 10.00 10.50 Current maturities of operating lease liabilities 570.70 570 80 568. 10 585.80 581,50 581.50 511.00 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 1,711.20 1,588.20 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 5,020.30 5,498.00 5,803.80 Capital and financing lease obligations 613.10 599.10 594.40 578.90 573.10 536.80 117.00 109.40 89.50 89.80 85.00 83.90 84.20 Operating lease liabilities 4,826,60 4,852.00 4,857.60 4,913.BO 4,784,30 4,744,40 4,909.40 Exhibitor services agreement 553.30 545.90 538.40 530.90 575.00 571.40 567.70 564 00 561.60 557.70 553.80 549.70 550.40 546,30 542.00 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 43.20 43.40 Other long-term liabilities 726.50 746.60 847.70 903.80 937.50 963.00 980.70 963.10 188.20 192.00 190.00 195.90 212.00 220.00 240.60 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 12312.3 12,847.00 13,211.60 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 0.50 0.50 Class B common stock (8.01 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 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.BO 2,008.90 2,001.00 2.003.60 2.007.30 2.125.00 Treasury stock (0.70) (0.70) (17.20) (48.20) (48.20) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) Accumulated other comprehensive income (los (4.40) 72.10 105.80 125.60 140.50 33.50 26.00 (19.40) (28.60) (96.70) (119.60) (63.60) (4,387.00) Accumulated camnings (deficit) 366.50 163.60 94.50 (207.90) (251.70) (255.50) (710.60) (550.90) (623.40) (597.70) (673.50) (706.20) (2.902.60) (3.463.70) (2.370.00) Total stockholders' equity 2,600.60 2476.70 2424.40 2,112.40 2,084.80 1,969.90 1,254.50 1,397.60 1,303.50 1,325.10 1,183.30 1,214.00 (1,074.00) (1,575.40) (2,335.40) Total liabilities and stockholders' equity $9.940.00 $9,811.70 $9.910.70 $9.805.90 $9.685.70 $9.531.80 $9,363.00 $9.495.80 ###### ######## ######## ######## ################ ######## 5.50 Statement of Cash Flows Operating Cash Flow 12/31/17 558,700 12/31/18 523,200 12/31/19 579,000 TTM (402,800) Net Income from Continuing Operations Operating Gains Losses Gain Loss On Sale of Business Gain Loss On Investment Securities Earnings Losses from Equity Investments Pension And Employee Benefit Expense Depreciation Amortization Depletion Deferred Tax Asset Impairment Charge Stock based compensation Other non-cash items Change in working capital Change in Receivables Change in Payables And Accrued Expense Change in Payable Change in Accrued Expense Change in Other Current Assets Cash Flow from Continuing Operating Activit (487,200) (2,500) 5,400 (2,600) (3,900) 600 538,600 157,800 251,600 5,700 99,700 (5,000) (36,600) 13,300 34,700 (21,400) 18,300 558,700 110,100 (184,100) (30,600) (111,400) (40,000) 1,100 537,800 (6,400) 29,800 14,900 38,800 (17,700) (200) (17,100) (85,600) 68,500 (400) 523,200 (149,100) (3,656,800) (2,200) 168,300 0 (5,800) 118,600 2,700 53,200 1,700 1,200 450,000 478,600 (33,700) 24,500 84,300 2,132,100 4,400 2,400 89,500 117,700 135,800 330,400 700 72,200 104,200 156,800 104,800 84,800 (600) 72,000 30,900 101,400 579,000 (402,800) Investing Cash Flow (965,200) (317,200) (516,100) (322,500) (325,900) (9,500) 0 Capital Expenditure Reported (626,800) Net Business Purchase And Sale (496,400) Purchase of Business (583,500) Sale of Business 98,200 Net Other Investing Changes 158,000 Cash Flow from Continuing Investing Activiti (965,200) (576,300) 196,900 0 208,300 62,200 (317,200) (518,100) (21,500) (11,800) 0 23,500 (516,100) 12,900 (322,500) Financing Cash Flow 492,300 (194,800) (112,900) 1,042,500 54,200 54,200 525,900 525,900 (15,600) 1,043,600 (15,600) 1,043,600 Net Issuance Payments of Debt Net Long Term Debt Issuance Net Short Term Debt Issuance Common Stock Issuance 0 0 616,800 0 0 2,800 End Cash Position Changes in Cash 310,000 85,800 324,000 11,200 275,500 (50,000) 427,800 317,200 *Trailing 12 months AMC Holdings - Quarterly Income Statements (in milions, except share and per share Three Months Ended amounts) March 31 Jura 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 20 December 31 March 31 June 30 September 30 2017 2012 2012 2012 2018 2019 2018 2018 2019 2019 2019 2019 2020 2020 2020 Revenues Admissions S 817.30 S 761.40 S 753.50 S 897.30 S 875.00 S 896.30 S 751.40 S 862.30 S 731,50 S 895.50 S 797.30 S 877.00 S 568.00 S 0.90 S 62.90 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 0.40 29.10 Other theatre 68.20 66.80 63.80 102.50 102.BO 100.40 85.20 115.90 100.10 118.10 99.50 132.40 85.40 17.60 27.50 Total revenues 1,283.40 1,202.30 1,178.70 1,414.BO 1,383.60 1,442.50 1,221.40 1,413.30 1,200.40 1,506.10 1,316.30 1,447.70 941.50 18.90 119.50 Operating costs and expenses Fim exhibition costs 420.70 379.80 364.BO 439.00 426.50 471.40 378.80 433.50 365.30 482.50 416.80 434.50 271.70 D.20 26.60 Food and beverage costs 60.60 62.10 50.70 68.70 66.20 72 20 63.60 68.90 61.50 76.40 67.20 73.60 53.40 4.50 B.BO Operating expense, excluding depreciation and amortization below 363.90 389 20 383 20 411.70 411.90 424 50 400.50 1,654.70 402 BO 437.40 419 00 42740 356.90 114 B0 192.10 Rent 182.60 199.00 200.70 211.30 189.70 199.70 203.70 (14.60) 242.00 245 90 238.70 241.20 237.80 224.10 214.30 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 1.B0 1.00 Other, excluding depreciation and amortization 46.10 32.80 78.90 32.70 below 34.50 98.70 44.20 43.00 48.40 43.70 46.20 43.20 37.50 26.10 33.20 25.40 Depreciation and amortization 125.30 133.30 135.20 144.BO 130.50 137.70 130.20 139.40 113.00 112.00 112.10 112.90 122.50 119.70 123.50 Impairment of long.lived assets, definite and indefinite-ived 43.60 intangible assets and goodwil 13.BO 84.30 1,851.90 195.90 Operating costs and expenses 1,228.00 1,221 80 1,183.00 1,344 40 1,273.70 1,352 BO 1,243 30 1,326.00 1,234 10 1,400.60 1,296.00 1.404 30 2,927.60 490.50 794 90 Operating income 55.40 (1950) (4.30) 70.40 109 90 89.70 (21.90) 87.30 (33.70) 105.50 20.30 43.40 (1.986.10) ) (471.60) (675.40) Other expense (income): Other expense (income) (2.70) ) 1.10 (0.60) 0.70 1.20 2.20 54.10 (165.60) (23.40) (1.30) 38.10 26.90 (6.60) 125.00 Interest expense: 29.80 (29.80) Corporate borrowingo 51.10 59.60 60.BO 60.10 61.70 62.20 64.30 74.10 71.30 74.20 73.20 74.10 71.30 79.60 82.BO Capital and financing lease obligations 10.80 10.30 10.60 10.70 10.30 9.30 9.40 9.00 2.10 2.10 1.80 1.60 1.60 1.50 1.40 Non-cash NCM exhibitor service agreement 10.50 10.40 10.30 10.30 10.20 10.10 10.10 10.00 9.90 10.10 10.10 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 12.40 10.60 Investment income (5.30) 0.60 (16.80) 1.30 (5.20) (1.50) (0.70) 1.20 (16.10) (2.10) (0.50) 2.70 9.40 (1.30) (4.10) 4.20 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 95.70 225.80 Eamings (loss) before income taxes (0.80) (288.10) (60.30) 14.10 22.40 19.50 (89.30) 171.DO (124.50) 54.80 (55.00) (46.90) (2.108.10) (567.30) (901.20) Income tax provision benefit) 19.20) (109.60) (17.60) 290.50 4.70 (2.60) 11.10 0.40 5.70 5.40 (020) (33.40) 68.20 (6.10) 4.60 Net earnings (loss) S 8.40 S (176.50) $ (42.70) $ (276.40) $ 17.70 $ 22.20 $ (100.40) $ 170.60 $ (130.20) $ $ 49.40 (54.80) $ (13.50) ####### $ (561.20) (905.80) Earnings (loss) per share attributable to AMC Entertainment Holdings, Basic S 0.07 S (1.35) $ (0.33) $ 12.19) $ 0.14 $ 0.17 $ (0.B2) $ 1.42 $ (1.25) $ 0.48 $ (0.53) S (0.14) $ (20.89) S (5.38) S (8.41) Diluted S 0.07 $ (1.35) $ (0.33) $ (2.19) $ 0.14 $ 0.17 $ (0.B2) $ 0.92 $ (1.25) $ 0.17 $ (0.53) $ (0.17) $ 20.88 $ (5.38) $ (8.41) Average shares outstanding Basic (in thousands) 121,358 131,166 131,077 128,246 128.046 128,039 123,126 120,621 103,783 103,845 103,850 103,832 104,245 104,319 107,695 Diluted (in thousands) 121,401 131,166 131,077 128,246 128.046 128,105 123, 126 130,105 103,783 135,528 103,850 103,832 104,245 104,319 107,695 Dividends declared per basic and diluted common share S 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 1.55 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.03 Consolidated Balance Sheets Three Months Ended March 31 June 30 2017 2017 March 31 June 30 September 30 December 31 2017 2017 June 30 2018 September 30 December 31 1 March 31 2018 2013 2019 June 30 2019 September 30 December 31 March 31 2019 2019 2020 Septembar 30 2020 2018 2020 ASSETS Current assets Cash and equivalents Restricted cash Receivables, net Assets held for sale Other current assets Total current assets Property, net Operating lease right-of-use assets, net Intangible assets, not Goodwill Deferred tax asset Other long-term assets Total assets S 313.10 $ 127.80 $ 260.00 $ 310.00 $ 300.90 $ 316.40 $ 333.30 $ 313.30 $184.60 $ 190.50 $ 100.40 $ 265.00 $ 299.80 $ 498.00 $ 417.90 6.50 6.80 8.30 11.60 11.00 11.00 10.70 10.60 10.70 10.20 10.50 10.00 10.40 10.90 144.80 153.80 128.90 271,50 167.10 179 10 155 20 259.50 193.80 228.50 157.90 254 20 126.80 70.70 97.50 221.40 110.50 80.00 54.40 130.50 211.70 223.70 226.30 202.60 204.10 203.90 187. DO 197.80 182 50 160.30 180 20 143.40 115.20 100.60 82.30 391.00 622.30 622.00 872.40 739.10 840.90 686.50 781.30 551.60 590.00 448.70 673.10 551.80 679.70 608.60 3,162.20 3254.00 3244.50 3.116.50 3.091.30 3,028.10 3,028.60 3,039.60 2,600.BO 2,613.90 2,591.40 2,649.20 4,602.30 2,417.50 2,332.50 4,809 20 4,798.90 4.794.90 4.796.00 4,602.30 4,555.30 4,475.80 362.60 389.40 387.80 380.50 378.00 365.30 359.30 352.10 199.00 197.60 193.90 195 30 175.10 174.30 164.50 4,823.70 4932.20 4889.50 4.931.70 4.944.20 4.830.70 4,820.80 4.788.70 4.787 90 4,763.00 4,693.80 4,789.10 2,938.00 2,988.40 2,874.40 105.40 204.70 222.20 28.90 20.20 20.20 29.50 28.60 31 00 31.10 30.70 70.10 0.50 0.60 0.60 595.10 509.10 544.70 475.90 505.90 438.60 438.30 505.50 493.70 520.40 537.90 503.00 450.20 455.80 419.80 $9,940.00 $9,811.70 $9,910.70 $9,805.90 $9,685.70 $9.805.90 $9.685.70 $9.531.80 $9.363.00 $9.495.80 ################# 516.70 493.20 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 510.40 477.80 469.10 $ 569.60 $ 454.20 $ 535.80 S 395.10 S 452.60 S 382.80 $ 395.10 S 452.60 S 382.80 S 423.20 S 361.60 S 361.50 S 543.30 $ 337.10 $ 436.10 $ 376.90 Accrued expenses and other liabilities 330.70 289.80 337.40 351.10 348.50 312.20 387.10 378.50 342.40 317.80 338.60 324.60 263.00 257.50 268,90 Deferred revenues and income 294,50 292.80 284.60 401.00 332.90 311.20 293.20 414.80 370.10 369.80 347.50 449,20 400.30 406.10 400.90 Current maturities of corporate borrowings 103.20 86.20 89.10 87.70 86.60 84.20 83.00 15.20 15.20 21.40 21.40 20.00 20.00 20.00 20.00 Current maturities of finance lease liabilities 11.60 10.90 10.00 10.30 10.20 10.00 10.50 Current maturities of operating lease liabilities 570.70 570 80 568. 10 585.80 581,50 581.50 511.00 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 1,711.20 1,588.20 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 5,020.30 5,498.00 5,803.80 Capital and financing lease obligations 613.10 599.10 594.40 578.90 573.10 536.80 117.00 109.40 89.50 89.80 85.00 83.90 84.20 Operating lease liabilities 4,826,60 4,852.00 4,857.60 4,913.BO 4,784,30 4,744,40 4,909.40 Exhibitor services agreement 553.30 545.90 538.40 530.90 575.00 571.40 567.70 564 00 561.60 557.70 553.80 549.70 550.40 546,30 542.00 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 43.20 43.40 Other long-term liabilities 726.50 746.60 847.70 903.80 937.50 963.00 980.70 963.10 188.20 192.00 190.00 195.90 212.00 220.00 240.60 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 12312.3 12,847.00 13,211.60 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 0.50 0.50 Class B common stock (8.01 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 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.BO 2,008.90 2,001.00 2.003.60 2.007.30 2.125.00 Treasury stock (0.70) (0.70) (17.20) (48.20) (48.20) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) (56.40) Accumulated other comprehensive income (los (4.40) 72.10 105.80 125.60 140.50 33.50 26.00 (19.40) (28.60) (96.70) (119.60) (63.60) (4,387.00) Accumulated camnings (deficit) 366.50 163.60 94.50 (207.90) (251.70) (255.50) (710.60) (550.90) (623.40) (597.70) (673.50) (706.20) (2.902.60) (3.463.70) (2.370.00) Total stockholders' equity 2,600.60 2476.70 2424.40 2,112.40 2,084.80 1,969.90 1,254.50 1,397.60 1,303.50 1,325.10 1,183.30 1,214.00 (1,074.00) (1,575.40) (2,335.40) Total liabilities and stockholders' equity $9.940.00 $9,811.70 $9.910.70 $9.805.90 $9.685.70 $9.531.80 $9,363.00 $9.495.80 ###### ######## ######## ######## ################ ######## 5.50 Statement of Cash Flows Operating Cash Flow 12/31/17 558,700 12/31/18 523,200 12/31/19 579,000 TTM (402,800) Net Income from Continuing Operations Operating Gains Losses Gain Loss On Sale of Business Gain Loss On Investment Securities Earnings Losses from Equity Investments Pension And Employee Benefit Expense Depreciation Amortization Depletion Deferred Tax Asset Impairment Charge Stock based compensation Other non-cash items Change in working capital Change in Receivables Change in Payables And Accrued Expense Change in Payable Change in Accrued Expense Change in Other Current Assets Cash Flow from Continuing Operating Activit (487,200) (2,500) 5,400 (2,600) (3,900) 600 538,600 157,800 251,600 5,700 99,700 (5,000) (36,600) 13,300 34,700 (21,400) 18,300 558,700 110,100 (184,100) (30,600) (111,400) (40,000) 1,100 537,800 (6,400) 29,800 14,900 38,800 (17,700) (200) (17,100) (85,600) 68,500 (400) 523,200 (149,100) (3,656,800) (2,200) 168,300 0 (5,800) 118,600 2,700 53,200 1,700 1,200 450,000 478,600 (33,700) 24,500 84,300 2,132,100 4,400 2,400 89,500 117,700 135,800 330,400 700 72,200 104,200 156,800 104,800 84,800 (600) 72,000 30,900 101,400 579,000 (402,800) Investing Cash Flow (965,200) (317,200) (516,100) (322,500) (325,900) (9,500) 0 Capital Expenditure Reported (626,800) Net Business Purchase And Sale (496,400) Purchase of Business (583,500) Sale of Business 98,200 Net Other Investing Changes 158,000 Cash Flow from Continuing Investing Activiti (965,200) (576,300) 196,900 0 208,300 62,200 (317,200) (518,100) (21,500) (11,800) 0 23,500 (516,100) 12,900 (322,500) Financing Cash Flow 492,300 (194,800) (112,900) 1,042,500 54,200 54,200 525,900 525,900 (15,600) 1,043,600 (15,600) 1,043,600 Net Issuance Payments of Debt Net Long Term Debt Issuance Net Short Term Debt Issuance Common Stock Issuance 0 0 616,800 0 0 2,800 End Cash Position Changes in Cash 310,000 85,800 324,000 11,200 275,500 (50,000) 427,800 317,200 *Trailing 12 months
