QUESTION 17 The following graphs show GameStop income statements from 2018 to 2020, and Balance sheet in fiscal year 2019 and 2020. With the information below, please answe swer from question 17 to 20. AMC ENTERTAINMENT HOLDINGS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, 2020 December 31, 2019 December 31, 2018 712.1 $ 362.4 167.9 1,242.4 3,301.3 $ 1,719,6 450.1 5,471.0 3,385.0 1,671.5 4043 5,460.8 322.7 88.8 1,699.1 278.7 1,710.2 270.9 (In millions, except share and per share amounts) Revenues Admissions Food and beverage Other theatre Total revenues Operating costs and expenses Film exhibition costs Food and beverage costs Operating expense, excluding depreciation and amortization below Rent General and administrative: Merger, acquisition and other costs Other, excluding depreciation and amortization below Depreciation and amortization Impairment of long-lived assets, definite and indefinite-lived intangible assets and goodwill Operating costs and expenses 856.0 884.1 1,686.6 967.8 1.654.7 797.8 24.6 156.7 498.3 INS 153.0 450.0 31.3 179.3 537.8 2.513.9 5.345.1 84.3 5.335.0 13.8 5.195.8 5,335.0 136,0 5,195.8 265.0 13.4 (108.1) Operating costs and expenses 5,345.1 Operating income (loss) (4.102.7) Other expense (income): Other expense (income) 28.9 Interest expense Corporate borrowings 311.0 Finance lease obligations 5.9 Non-cash NCM exhibitor services agreement 40.0 Equity in (errnings) loss of non-consolidated entities 30.9 Investment expense (income) 10.1 Total other expense, net 426.8 Net earnings (loss) before income taxes (4.529.5) 59.9 Income tax provision (benefit) Net earnings (loss) (4,589.4) CONSOLIDATED BALANCE SHEETS 292.8 7.6 40.4 (30.6) (16.0) 307.6 (171.6) (22.5) (149.1) 262.3 38.5 41.5 (86.7) (6.2) 1413 123.7 13.6 110.1 December 31, 2020 December 31, 2019 $ $ (La millions, except share data) ASSETS Current assets: Cash and cash equivalents Restricted cash Receivables, net Other current assets Total current assets Property, net Operating lease night-of-use assets, net Intangible assets, net Goodwill Deferred tax asset, net Other long-term assets Total assets 308 3 13.1 91.0 74.6 4870 2.322.5 4,4515 1632 2.547.3 03 304.6 10.276.4 265.0 10.5 254.2 1434 673.1 2.6492 4.796.0 1953 4.789.1 70.1 503.0 13.675.8 $ $ Saw $ 10,276.4 $ 13,675.8 $ Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other liabilities Deferred revenues and income Current maturities of corporate borrowings Current maturities of finance lease liabilities Current maturities of operating lease liabilities Total current liabilities Corporate borrowings Finance lease liabilities Operating lease liabilities Exhibitor services agreement Deferred tax liability, net Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity (deficit): AMC Entertainment Holdings, Inc.'s stockholders' equity Class A common stock (5.01 par value, 524,173,073 shares authorized: 176,295,874 shares issued and 172,563,249 outstanding as of December 31, 2020, 55,812,702 shares issued and 52,080,077 outstanding as of December 31, 2019) Class B common stock (9.01 par value, 51,769,784 shares authorized, issued and outstanding as of December 31, 2020 and December 31, 2019) Additional paid-in capital Treasury stock (3,732,625 shares as of December 31, 2020 and December 31, 2019, at cost) Accumulated other comprehensive income (loss) Accumulated deficit Total AMC Entertainment Holdings, Inc.'s stockholders' equity (deficit) Noncontrolling interests 298.8 257.8 405.4 20.0 12.9 583.6 1,578,5 5,695.8 83.1 4.957.8 537.6 40.5 241.3 13,134.6 543.3 324.6 4492 20.0 10.3 585.8 1,9332 4,733.4 89.6 4,913.8 549.7 46.0 1959 12,461.6 1.8 0.5 0.5 2,465.6 0.5 2.001.9 (56.4) 38.7 (5.335.3) (2.885.1) 26.9 (56.4) (26.1) (706.2) 1,214.2 Noncontrolling interests 269 Total equity (deficit) (2.858.2) 1,214.2 Total liabilities and stockholders' equity (deficit) 10,276.4 13,675.8 In 2019, what is the total capitalization of AMC (in millions) 7 (hint: Long term liability = total liability - current liability) $ $ 1.158 QUESTION 18 Assuming annual cost of capital of AMC is 8%, economic value added (EVA) of AMC in the fiscal year of 2019 is $ millions (Hint: interest = corporate borrowings + financial lease obligations + serve agreement. Tax rate - 21%.) 11742.6 QUESTION 19 At the end of 2019, AMC was traded at the price of $7.24, with total share outstanding of 52.08 million. Market to book equity of AMC in 2019 is QUESTION 20 Return to equity holders of AMC at the end of 2019 is __% (hint: ROE of AMC at the end of 2019)
