Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheet
June 30, 2015
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	894		$	122,665	$	117,501	$	—		$	241,060
Accounts receivable, trade (less allowance for doubtful accounts)	—			453,121		153,905		—			607,026
Amounts due from related parties, net	—			3,721		254		—			3,975
Current portion of program rights, net	—			339,508		100,975		—			440,483
Prepaid expenses, other current assets and intercompany receivable	24,693			159,592		18,470		(130,549		)	72,206
Deferred tax asset, net	19,660			—		2,081		—			21,741
Total current assets	45,247			1,078,607		393,186		(130,549		)	1,386,491
Property and equipment, net of accumulated depreciation	—			85,013		55,310		—			140,323
Investment in affiliates	2,037,049			946,829		—		(2,983,878		)	—
Program rights, net	—			929,806		99,121		—			1,028,927
Long-term intercompany notes receivable	615,906			400,258		201,598		(1,217,762		)	—
Deferred carriage fees, net	—			53,370		2,208		—			55,578
Intangible assets, net	—			194,913		367,552		—			562,465
Goodwill	—			72,962		654,244		—			727,206
Other assets	23,525			73,060		112,035		—			208,620
Total assets	$	2,721,727		$	3,834,818	$	1,885,254	$	(4,332,189	)	$	4,109,610
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accounts payable	$	12		$	102,615	$	43,633	$	—		$	146,260
Accrued liabilities and intercompany payable	36,994			101,626		146,028		(130,549		)	154,099
Current portion of program rights obligations	—			225,383		55,258		—			280,641
Deferred revenue	—			62,868		7,736		—			70,604
Current portion of long-term debt	111,000			—		—		—			111,000
Current portion of capital lease obligations	—			2,312		771		—			3,083
Total current liabilities	148,006			494,804		253,426		(130,549		)	765,687
Program rights obligations	—			441,316		18,334		—			459,650
Long-term debt	2,612,806			—		—		—			2,612,806
Capital lease obligations	—			10,603		15,105		—			25,708
Deferred tax liability, net	121,398			—		9,744		—			131,142
Other liabilities and intercompany notes payable	32,177			851,046		409,239		(1,217,762		)	74,700
Total liabilities	2,914,387			1,797,769		705,848		(1,348,311		)	4,069,693
Commitments and contingencies
Redeemable noncontrolling interests	—			—		208,287		—			208,287
Stockholders’ deficiency:
AMC Networks stockholders’ (deficiency) equity	(192,660		)	2,037,049		946,829		(2,983,878		)	(192,660		)
Total AMC Networks stockholders’ (deficiency) equity	(192,660		)	2,037,049		946,829		(2,983,878		)	(192,660		)
Non-redeemable noncontrolling interests	—			—		24,290		—			24,290
Total stockholders' (deficiency) equity	(192,660		)	2,037,049		971,119		(2,983,878		)	(168,370		)
Total liabilities and stockholders’ (deficiency) equity	$	2,721,727		$	3,834,818	$	1,885,254	$	(4,332,189	)	$	4,109,610

Condensed Consolidating Balance Sheet
December 31, 2014
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	1,581		$	83,676	$	116,110	$	—		$	201,367
Accounts receivable, trade (less allowance for doubtful accounts)	—			443,720		143,473		—			587,193
Amounts due from related parties, net	—			3,846		256		—			4,102
Current portion of program rights, net	—			350,750		86,552		—			437,302
Prepaid expenses, other current assets and intercompany receivable	44,011			75,631		6,702		(52,050		)	74,294
Deferred tax asset, net	22,221			—		2,601		—			24,822
Total current assets	67,813			957,623		355,694		(52,050		)	1,329,080
Property and equipment, net of accumulated depreciation	—			80,064		53,780		—			133,844
Investment in affiliates	1,851,065			1,237,919		—		(3,088,984		)	—
Program rights, net	—			878,294		81,647		—			959,941
Long-term intercompany notes receivable	624,100			111,263		198,304		(933,667		)	—
Deferred carriage fees, net	—			44,644		2,093		—			46,737
Intangible assets, net	—			199,785		391,039		—			590,824
Goodwill	—			74,224		660,132		—			734,356
Other assets	26,760			63,700		91,345		—			181,805
Total assets	$	2,569,738		$	3,647,516	$	1,834,034	$	(4,074,701	)	$	3,976,587
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accounts payable	$	15		$	62,573	$	39,278	$	—		$	101,866
Accrued liabilities and intercompany payable	39,566			155,569		61,701		(52,050		)	204,786
Current portion of program rights obligations	—			212,310		58,889		—			271,199
Deferred revenue	—			30,184		6,704		—			36,888
Promissory note payable	—			—		40,000		—			40,000
Current portion of long-term debt	74,000			—		—		—			74,000
Current portion of capital lease obligations	—			2,226		727		—			2,953
Total current liabilities	113,581			462,862		207,299		(52,050		)	731,692
Program rights obligations	—			453,343		12,329		—			465,672
Long-term debt	2,685,566			—		—		—			2,685,566
Capital lease obligations	—			11,884		15,502		—			27,386
Deferred tax liability, net	113,742			—		14,324		—			128,066
Other liabilities and intercompany payable	28,604			868,362		122,204		(933,667		)	85,503
Total liabilities	2,941,493			1,796,451		371,658		(985,717		)	4,123,885
Commitments and contingencies
Redeemable noncontrolling interests	—			—		204,611		—			204,611
Stockholders’ deficiency:
AMC Networks stockholders’ (deficiency) equity	(371,755		)	1,851,065		1,237,919		(3,088,984		)	(371,755		)
Total AMC Networks stockholders’ (deficiency) equity	(371,755		)	1,851,065		1,237,919		(3,088,984		)	(371,755		)
Non-redeemable noncontrolling interests	—			—		19,846		—			19,846
Total stockholders' (deficiency) equity	(371,755		)	1,851,065		1,257,765		(3,088,984		)	(351,909		)
Total liabilities and stockholders’ (deficiency) equity	$	2,569,738		$	3,647,516	$	1,834,034	$	(4,074,701	)	$	3,976,587

Condensed Income Statement

Condensed Consolidating Statement of Income
Three Months Ended June 30, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	464,368		$	136,948		$	(178	)	$	601,138
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			189,500			70,401			(171		)	259,730
Selling, general and administrative	—			114,080			44,819			(19		)	158,880
Restructuring expense	—			557			2,097			—			2,654
Depreciation and amortization	—			9,203			11,837			—			21,040
	—			313,340			129,154			(190		)	442,304
Operating income	—			151,028			7,794			12			158,834
Other income (expense):
Interest expense, net	(20,020		)	(2,325		)	(9,434		)	—			(31,779		)
Share of affiliates' income	126,287			3,368			—			(129,655		)	—
Miscellaneous, net	23,961			(23,601		)	11,036			(12		)	11,384
	130,228			(22,558		)	1,602			(129,667		)	(20,395		)
Income from continuing operations before income taxes	130,228			128,470			9,396			(129,655		)	138,439
Income tax (expense) benefit	(47,219		)	(2,183		)	(1,595		)	—			(50,997		)
Income from continuing operations	83,009			126,287			7,801			(129,655		)	87,442
Net income including noncontrolling interest	83,009			126,287			7,801			(129,655		)	87,442
Net (income) attributable to noncontrolling interests	—			—			(4,433		)	—			(4,433		)
Net income attributable to AMC Networks' stockholders	$	83,009		$	126,287		$	3,368		$	(129,655	)	$	83,009

Condensed Consolidating Statement of Income
Three Months Ended June 30, 2014
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	412,773		$	109,320		$	—		$	522,093
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			175,522			56,522			—			232,044
Selling, general and administrative	—			114,963			26,917			10			141,890
Restructuring expense	—			—			1,153			—			1,153
Depreciation and amortization	—			8,511			9,020			—			17,531
	—			298,996			93,612			10			392,618
Operating income	—			113,777			15,708			(10		)	129,475
Other income (expense):
Interest expense, net	(19,953		)	(12,213		)	(1,439		)	—			(33,605		)
Share of affiliates' income	115,703			9,663			—			(125,366		)	—
Miscellaneous, net	(4,500		)	6,461			(1,102		)	10			869
	91,250			3,911			(2,541		)	(125,356		)	(32,736		)
Income from continuing operations before income taxes	91,250			117,688			13,167			(125,366		)	96,739
Income tax expense	(32,595		)	(2,417		)	(1,547		)	—			(36,559		)
Income from continuing operations	58,655			115,271			11,620			(125,366		)	60,180
Loss from discontinued operations, net of income taxes	—			—			(1,732		)	—			(1,732		)
Net income including noncontrolling interest	58,655			115,271			9,888			(125,366		)	58,448
Net (income) loss attributable to noncontrolling interests	—			432			(225		)	—			207
Net income attributable to AMC Networks' stockholders	$	58,655		$	115,703		$	9,663		$	(125,366	)	$	58,655

Condensed Consolidating Statement of Income
Six Months Ended June 30, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	1,003,811		$	266,412		$	(403	)	$	1,269,820
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			386,258			136,022			(377		)	521,903
Selling, general and administrative	—			232,567			80,910			(18		)	313,459
Restructuring expense	—			672			2,638			—			3,310
Depreciation and amortization	—			18,170			23,397			—			41,567
	—			637,667			242,967			(395		)	880,239
Operating income	—			366,144			23,445			(8		)	389,581
Other income (expense):
Interest expense, net	(40,374		)	(12,790		)	(11,202		)	—			(64,366		)
Share of affiliates' income	402,272			7,756			—			(410,028		)	—
Miscellaneous, net	(52,352		)	45,712			7,786			8			1,154
	309,546			40,678			(3,416		)	(410,020		)	(63,212		)
Income from continuing operations before income taxes	309,546			406,822			20,029			(410,028		)	326,369
Income tax (expense) benefit	(105,617		)	(4,550		)	(2,084		)	—			(112,251		)
Income from continuing operations	203,929			402,272			17,945			(410,028		)	214,118
Net income including noncontrolling interest	203,929			402,272			17,945			(410,028		)	214,118
Net (income) attributable to noncontrolling interests	—			—			(10,189		)	—			(10,189		)
Net income attributable to AMC Networks' stockholders	$	203,929		$	402,272		$	7,756		$	(410,028	)	$	203,929

Condensed Consolidating Statement of Income
Six Months Ended June 30, 2014
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	872,861		$	173,786		$	—		$	1,046,647
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			356,972			92,243			—			449,215
Selling, general and administrative	—			241,340			45,896			10			287,246
Restructuring expense	—			—			1,153			—			1,153
Depreciation and amortization	—			16,720			15,205			—			31,925
	—			615,032			154,497			10			769,539
Operating income	—			257,829			19,289			(10		)	277,108
Other income (expense):
Interest expense, net	(42,185		)	(20,585		)	(2,266		)	—			(65,036		)
Share of affiliates' income	238,876			6,070			—			(244,946		)	—
Miscellaneous, net	1,842			(334		)	(5,759		)	10			(4,241		)
	198,533			(14,849		)	(8,025		)	(244,936		)	(69,277		)
Income from continuing operations before income taxes	198,533			242,980			11,264			(244,946		)	207,831
Income tax expense	(68,511		)	(4,958		)	(2,195		)	—			(75,664		)
Income from continuing operations	130,022			238,022			9,069			(244,946		)	132,167
Loss from discontinued operations, net of income taxes	—			—			(2,482		)	—			(2,482		)
Net income including noncontrolling interest	130,022			238,022			6,587			(244,946		)	129,685
Net (income) loss attributable to noncontrolling interests	—			854			(517		)	—			337
Net income attributable to AMC Networks' stockholders	$	130,022		$	238,876		$	6,070		$	(244,946	)	$	130,022

Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2015
	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	83,009	$	126,287	$	7,801		$	(129,655	)	$	87,442
Other comprehensive income (loss):
Foreign currency translation adjustment	7,591		7,572		16,528			(7,572		)	24,119
Unrealized gain on interest rate swaps	674		—		—			—			674
Other comprehensive income (loss), before income taxes	8,265		7,572		16,528			(7,572		)	24,793
Income tax benefit	5,943		—		—			—			5,943
Other comprehensive income, net of income taxes	14,208		7,572		16,528			(7,572		)	30,736
Comprehensive income	97,217		133,859		24,329			(137,227		)	118,178
Comprehensive (income) attributable to noncontrolling interests	—		—		(4,433		)	—			(4,433		)
Comprehensive income attributable to AMC Networks' stockholders	$	97,217	$	133,859	$	19,896		$	(137,227	)	$	113,745

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2014
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	58,655		$	115,271	$	9,888		$	(125,366	)	$	58,448
Other comprehensive income (loss):
Foreign currency translation adjustment	9,221			9,221		(4,719		)	(9,221		)	4,502
Unrealized gain on interest rate swaps	1,171			—		—			—			1,171
Other comprehensive income (loss), before income taxes	10,392			9,221		(4,719		)	(9,221		)	5,673
Income tax expense	(432		)	—		—			—			(432		)
Other comprehensive income (loss), net of income taxes	9,960			9,221		(4,719		)	(9,221		)	5,241
Comprehensive income	68,615			124,492		5,169			(134,587		)	63,689
Comprehensive loss (income) attributable to noncontrolling interests	—			432		(225		)	—			207
Comprehensive income attributable to AMC Networks' stockholders	$	68,615		$	124,924	$	4,944		$	(134,587	)	$	63,896

Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	203,929		$	402,272		$	17,945		$	(410,028	)	$	214,118
Other comprehensive income (loss):
Foreign currency translation adjustment	(64,120		)	(64,120		)	27,414			64,120			(36,706		)
Unrealized gain on interest rate swaps	1,370			—			—			—			1,370
Other comprehensive (loss) income, before income taxes	(62,750		)	(64,120		)	27,414			64,120			(35,336		)
Income tax benefit	3,664			—			—			—			3,664
Other comprehensive (loss) income, net of income taxes	(59,086		)	(64,120		)	27,414			64,120			(31,672		)
Comprehensive income	144,843			338,152			45,359			(345,908		)	182,446
Comprehensive (income) attributable to noncontrolling interests	—			—			(10,189		)	—			(10,189		)
Comprehensive income attributable to AMC Networks' stockholders	$	144,843		$	338,152		$	35,170		$	(345,908	)	$	172,257

Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2014
	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	130,022		$	238,022	$	6,587		$	(244,946	)	$	129,685
Other comprehensive income (loss):
Foreign currency translation adjustment	15,374			15,374		(5,322		)	(15,374		)	10,052
Unrealized gain on interest rate swaps	1,957			—		—			—			1,957
Other comprehensive income (loss), before income taxes	17,331			15,374		(5,322		)	(15,374		)	12,009
Income tax expense	(722		)	—		—			—			(722		)
Other comprehensive income (loss), net of income taxes	16,609			15,374		(5,322		)	(15,374		)	11,287
Comprehensive income	146,631			253,396		1,265			(260,320		)	140,972
Comprehensive loss (income) attributable to noncontrolling interests	—			854		(517		)	—			337
Comprehensive income attributable to AMC Networks' stockholders	$	146,631		$	254,250	$	748		$	(260,320	)	$	141,309

Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2015
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	238,455		$	169		$	362,865		$	(411,248	)	$	190,241
Cash flows from investing activities:
Capital expenditures	(3		)	(22,875		)	(10,246		)	—			(33,124		)
Payments for acquisitions, net of cash acquired	—			—			(6,545		)	—			(6,545		)
Acquisition of investments	—			(369		)	(23,881		)	—			(24,250		)
(Increase) decrease to investment in affiliates	(134,957		)	127,384			(339,452		)	347,025			—
Net cash (used in) provided by investing activities	(134,960		)	104,140			(380,124		)	347,025			(63,919		)
Cash flows from financing activities:
Principal payments on long-term debt	(37,000		)	—			—			—			(37,000		)
Payment of Promissory Note	—			—			(40,000		)	—			(40,000		)
Deemed repurchases of restricted stock/units	(14,320		)	—			—			—			(14,320		)
Proceeds from stock option exercises	1,031			—			—			—			1,031
Excess tax benefits from share-based compensation arrangements	4,038			—			—			—			4,038
Principal payments on capital lease obligations	—			(1,097		)	(352		)	—			(1,449		)
Distributions to noncontrolling member	—			—			(3,154		)	—			(3,154		)
Contributions from noncontrolling member	—			—			1,373			—			1,373
Net cash (used in) provided by financing activities	(46,251		)	(1,097		)	(42,133		)	—			(89,481		)
Net increase in cash and cash equivalents from continuing operations	57,244			103,212			(59,392		)	(64,223		)	36,841
Cash flows from discontinued operations:
Net cash used in operating activities	—			—			—			—			—
Net decrease in cash and cash equivalents from discontinued operations	—			—			—			—			—
Effect of exchange rate changes on cash and cash equivalents	(57,931		)	(64,223		)	60,783			64,223			2,852
Cash and cash equivalents at beginning of period	1,581			83,676			116,110			—			201,367
Cash and cash equivalents at end of period	$	894		$	122,665		$	117,501		$	—		$	241,060

Condensed Consolidated Statement of Cash Flows
Six Months Ended June 30, 2014
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	153,255		$	141,858		$	37,951		$	(155,613	)	$	177,451
Cash flows from investing activities:
Capital expenditures	(1,371		)	(13,086		)	(4,298		)	—			(18,755		)
(Increase) decrease to investment in affiliates	(38,589		)	(161,166		)	28,768			170,987			—
Payment for acquisition of a business, net of cash acquired	—			(1,009,286		)	16,076			—			(993,210		)
Proceeds from insurance settlements	—			654			—			—			654
Net cash (used in) provided by investing activities	(39,960		)	(1,182,884		)	40,546			170,987			(1,011,311		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	600,000			—			—			—			600,000
Payments for financing costs	(9,266		)	—			—			—			(9,266		)
Purchase of treasury stock	(17,804		)	—			—			—			(17,804		)
Proceeds from stock option exercises	925			—			—			—			925
Excess tax benefits from share-based compensation arrangements	4,708			—			—			—			4,708
Principal payments on capital lease obligations	—			(865		)	(447		)	—			(1,312		)
Long-term intercompany debt	(706,190		)	706,190			—			—			—
Cash contributions from member	—			(5,100		)	5,100			—			—
Contributions from noncontrolling member	—			—			835			—			835
Net cash (used in) provided by financing activities	(127,627		)	700,225			5,488			—			578,086
Net (decrease) increase in cash and cash equivalents from continuing operations	(14,332		)	(340,801		)	83,985			15,374			(255,774		)
Cash flows from discontinued operations:
Net cash used in operating activities	—			—			(2,719		)	—			(2,719		)
Net decrease in cash and cash equivalents from discontinued operations	—			—			(2,719		)	—			(2,719		)
Effect of exchange rate changes on cash and cash equivalents	15,374			15,374			5,160			(15,374		)	20,534
Cash and cash equivalents at beginning of period	942			519,392			1,617			—			521,951
Cash and cash equivalents at end of period	$	1,984		$	193,965		$	88,043		$	—		$	283,992