Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet

The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.

Condensed Consolidating Balance Sheet
December 31, 2017
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	320	$	391,248	$	167,215		$	—		$	558,783
Accounts receivable, trade	—		581,270		194,621			—			775,891
Current portion of program rights, net	—		304,149		149,301			—			453,450
Prepaid expenses, other current assets and intercompany receivable	3,760		183,815		8,540			(104,389		)	91,726
Total current assets	4,080		1,460,482		519,677			(104,389		)	1,879,850
Property and equipment, net	—		136,032		47,482			—			183,514
Investment in affiliates	3,443,013		934,612		—			(4,377,625		)	—
Program rights, net	—		1,128,021		191,258			—			1,319,279
Long-term intercompany notes receivable	—		489,939		436			(490,375		)	—
Deferred carriage fees, net	—		29,346		578			—			29,924
Intangible assets, net	—		170,554		286,688			—			457,242
Goodwill	—		66,609		628,549			—			695,158
Deferred tax asset, net	—		—		20,081			—			20,081
Other assets	—		142,115		305,822						447,937
Total assets	$	3,447,093	$	4,557,710	$	2,000,571		$	(4,972,389	)	$	5,032,985
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	350	$	50,282	$	51,565		$	—		$	102,197
Accrued liabilities and intercompany payable	51,692		179,003		136,770			(104,389		)	263,076
Current portion of program rights obligations	—		262,004		65,545			—			327,549
Deferred revenue	—		27,530		18,903			—			46,433
Current portion of capital lease obligations	—		2,939		1,908			—			4,847
Total current liabilities	52,042		521,758		274,691			(104,389		)	744,102
Program rights obligations	—		511,996		22,984			—			534,980
Long-term debt, net	3,099,257		—		—			—			3,099,257
Capital lease obligations	—		3,745		22,532			—			26,277
Deferred tax liability, net	114,717		—		(5,019		)	—			109,698
Other liabilities and intercompany notes payable	46,133		77,198		503,166			(490,375		)	136,122
Total liabilities	3,312,149		1,114,697		818,354			(594,764		)	4,650,436
Commitments and contingencies
Redeemable noncontrolling interests	—		—		218,604			—			218,604
Stockholders' equity:
AMC Networks stockholders' equity	134,944		3,443,013		934,612			(4,377,625		)	134,944
Non-redeemable noncontrolling interests	—		—		29,001			—			29,001
Total stockholders' equity	134,944		3,443,013		963,613			(4,377,625		)	163,945
Total liabilities and stockholders' equity	$	3,447,093	$	4,557,710	$	2,000,571		$	(4,972,389	)	$	5,032,985

Condensed Consolidating Balance Sheet
December 31, 2016
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	565		$	320,950	$	159,874	$	—		$	481,389
Accounts receivable, trade	—			538,259		162,904		—			701,163
Current portion of program rights, net	—			307,050		134,080		—			441,130
Prepaid expenses, other current assets and intercompany receivable	948			151,175		15,961		(95,423		)	72,661
Total current assets	1,513			1,317,434		472,819		(95,423		)	1,696,343
Property and equipment, net	—			104,272		62,364		—			166,636
Investment in affiliates	3,029,922			784,024		—		(3,813,946		)	—
Program rights, net	—			947,657		160,929		—			1,108,586
Long-term intercompany notes receivable	—			432,099		817		(432,916		)	—
Deferred carriage fees, net	—			42,656		1,230		—			43,886
Intangible assets, net	—			180,297		305,512		—			485,809
Goodwill	—			69,154		588,554		—			657,708
Deferred tax asset, net	—			—		8,598		—			8,598
Other assets	1,471			116,608		194,950		—			313,029
Total assets	$	3,032,906		$	3,994,201	$	1,795,773	$	(4,342,285	)	$	4,480,595
LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY
Current Liabilities:
Accounts payable	$	—		$	40,033	$	48,644	$	—		$	88,677
Accrued liabilities and intercompany payable	71,680			182,667		125,505		(95,423		)	284,429
Current portion of program rights obligations	—			226,474		74,371		—			300,845
Deferred revenue	—			42,782		10,861		—			53,643
Current portion of long-term debt	222,000			—		—		—			222,000
Current portion of capital lease obligations	—			2,645		1,939		—			4,584
Total current liabilities	293,680			494,601		261,320		(95,423		)	954,178
Program rights obligations	—			365,262		32,913		—			398,175
Long-term debt, net	2,597,263			—		—		—			2,597,263
Capital lease obligations	—			6,647		28,635		—			35,282
Deferred tax liability, net	145,364			—		427		—			145,791
Other liabilities and intercompany notes payable	26,681			97,769		440,685		(432,916		)	132,219
Total liabilities	3,062,988			964,279		763,980		(528,339		)	4,262,908
Commitments and contingencies
Redeemable noncontrolling interests	—			—		219,331		—			219,331
Stockholders' deficiency:
AMC Networks stockholders' (deficiency) equity	(30,082		)	3,029,922		784,024		(3,813,946		)	(30,082		)
Non-redeemable noncontrolling interests	—			—		28,438		—			28,438
Total stockholders' (deficiency) equity	(30,082		)	3,029,922		812,462		(3,813,946		)	(1,644		)
Total liabilities and stockholders' equity	$	3,032,906		$	3,994,201	$	1,795,773	$	(4,342,285	)	$	4,480,595

Condensed Consolidating Income Statement

Condensed Consolidating Statement of Income
Year Ended December 31, 2017
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	2,182,867		$	637,823		$	(14,999	)	$	2,805,691
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			991,476			352,788			(3,188		)	1,341,076
Selling, general and administrative	—			447,118			178,332			(12,108		)	613,342
Depreciation and amortization	—			40,923			53,715			—			94,638
Impairment and related charges	—			—			28,148			—			28,148
Restructuring expense	—			2,566			3,562			—			6,128
Total operating expenses	—			1,482,083			616,545			(15,296		)	2,083,332
Operating income	—			700,784			21,278			297			722,359
Other income (expense):
Interest expense, net	(129,971		)	41,934			(31,260		)	—			(119,297		)
Share of affiliates' income (loss)	748,430			13,360			—			(761,790		)	—
Loss on extinguishment of debt	(3,004		)	—			—			—			(3,004		)
Miscellaneous, net	(1,530		)	2,484			39,663			(297		)	40,320
Total other income (expense)	613,925			57,778			8,403			(762,087		)	(81,981		)
Income from operations before income taxes	613,925			758,562			29,681			(761,790		)	640,378
Income tax (expense) benefit	(142,609		)	(10,132		)	2,000			—			(150,741		)
Net income including noncontrolling interests	471,316			748,430			31,681			(761,790		)	489,637
Net income attributable to noncontrolling interests	—			—			(18,321		)	—			(18,321		)
Net income attributable to AMC Networks' stockholders	$	471,316		$	748,430		$	13,360		$	(761,790	)	$	471,316

Condensed Consolidating Statement of Income
Year Ended December 31, 2016
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	2,142,325		$	623,892		$	(10,563	)	$	2,755,654
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			947,707			334,888			(2,611		)	1,279,984
Selling, general and administrative	—			460,150			183,597			(7,719		)	636,028
Depreciation and amortization	—			40,230			44,548			—			84,778
Impairment and related charges	—			—			67,805			—			67,805
Restructuring expense	—			24,950			4,553			—			29,503
Total operating expenses	—			1,473,037			635,391			(10,330		)	2,098,098
Operating income (loss)	—			669,288			(11,499		)	(233		)	657,556
Other income (expense):
Interest expense, net	(119,192		)	38,137			(37,513		)	—			(118,568		)
Share of affiliates' income (loss)	591,395			(103,464		)	—			(487,931		)	—
Loss on extinguishment of debt	(50,639		)	—			—			—			(50,639		)
Miscellaneous, net	(273		)	(2,892		)	(30,592		)	233			(33,524		)
Total other income (expense)	421,291			(68,219		)	(68,105		)	(487,698		)	(202,731		)
Income (loss) from operations before income taxes	421,291			601,069			(79,604		)	(487,931		)	454,825
Income tax expense	(150,781		)	(9,674		)	(4,407		)	—			(164,862		)
Net income (loss) including noncontrolling interests	270,510			591,395			(84,011		)	(487,931		)	289,963
Net income attributable to noncontrolling interests	—			—			(19,453		)	—			(19,453		)
Net income (loss) attributable to AMC Networks' stockholders	$	270,510		$	591,395		$	(103,464	)	$	(487,931	)	$	270,510

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2017
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	471,316		$	748,430	$	31,681		$	(761,790	)	$	489,637
Other comprehensive income (loss):
Foreign currency translation adjustment	76,023			—		76,023			(76,023		)	76,023
Unrealized loss on interest rate swaps	(35		)	—		—			—			(35		)
Unrealized gain on available for sale securities	5,398			—		—			—			5,398
Other comprehensive income, before income taxes	81,386			—		76,023			(76,023		)	81,386
Income tax expense	(1,974		)	—		—			—			(1,974		)
Other comprehensive income, net of income taxes	79,412			—		76,023			(76,023		)	79,412
Comprehensive income	550,728			748,430		107,704			(837,813		)	569,049
Comprehensive income attributable to noncontrolling interests	—			—		(21,430		)	—			(21,430		)
Comprehensive income attributable to AMC Networks' stockholders	$	550,728		$	748,430	$	86,274		$	(837,813	)	$	547,619

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2016
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss) including noncontrolling interest	$	270,510		$	591,395	$	(84,011	)	$	(487,931	)	$	289,963
Other comprehensive income (loss):
Foreign currency translation adjustment	(45,426		)	—		(45,426		)	45,426			(45,426		)
Unrealized gain on interest rate swaps	22			—		—			—			22
Other comprehensive loss, before income taxes	(45,404		)	—		(45,426		)	45,426			(45,404		)
Income tax expense	(12,337		)	—		—			—			(12,337		)
Other comprehensive (loss) income, net of income taxes	(57,741		)	—		(45,426		)	45,426			(57,741		)
Comprehensive income (loss)	212,769			591,395		(129,437		)	(442,505		)	232,222
Comprehensive income attributable to noncontrolling interests	—			—		(16,491		)	—			(16,491		)
Comprehensive income (loss) attributable to AMC Networks' stockholders	$	212,769		$	591,395	$	(145,928	)	$	(442,505	)	$	215,731

Condensed Consolidating Cash Flow Statement

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2017
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	454,539		$	662,123		$	31,157		$	(762,090	)	$	385,729
Cash flows from investing activities:
Capital expenditures	—			(63,925		)	(16,124		)	—			(80,049		)
Return of capital from investees	—			1,868			579			—			2,447
Investments in and loans to investees	—			—			(53,000		)	—			(53,000		)
(Increase) decrease to investment in affiliates	(282,424		)	(2,234,682		)	2,082,401			434,705			—
Net cash used in investing activities	(282,424		)	(2,296,739		)	2,013,856			434,705			(130,602		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	1,536,000			—			—			—			1,536,000
Repayment of long-term debt	(1,257,965		)	—			—			—			(1,257,965		)
Payments for financing costs	(10,405		)	—			—			—			(10,405		)
Deemed repurchases of restricted stock/units	(14,496		)	—			—			—			(14,496		)
Purchase of treasury stock	(434,210		)	—			—			—			(434,210		)
Principal payments on capital lease obligations	—			(2,725		)	(1,848		)	—			(4,573		)
Distributions to noncontrolling interest	—			—			(18,561		)	—			(18,561		)
Net cash used in financing activities	(181,076		)	(2,725		)	(20,409		)	—			(204,210		)
Net (decrease) increase in cash and cash equivalents from operations	(8,961		)	(1,637,341		)	2,024,604			(327,385		)	50,917
Effect of exchange rate changes on cash and cash equivalents	8,716			1,707,639			(2,017,263		)	327,385			26,477
Cash and cash equivalents at beginning of period	565			320,950			159,874			—			481,389
Cash and cash equivalents at end of period	$	320		$	391,248		$	167,215		$	—		$	558,783

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	401,179		$	548,381		$	55,450		$	(490,685	)	$	514,325
Cash flows from investing activities:
Capital expenditures	—			(42,064		)	(37,156		)	—			(79,220		)
Payments for acquisitions, net of cash acquired	—			—			(354		)	—			(354		)
Investments in and loans to investees	—			—			(95,000		)	—			(95,000		)
(Increase) decrease to investment in affiliates	(159,533		)	(69,231		)	—			228,764			—
Net cash used in investing activities	(159,533		)	(111,295		)	(132,510		)	228,764			(174,574		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	982,500			—			—			—			982,500
Repayment of long-term debt	(848,000		)	—			—			—			(848,000		)
Premium and fees paid on extinguishment of debt	(40,954		)	—			—			—			(40,954		)
Payments for financing costs	(2,070		)	—			—			—			(2,070		)
Deemed repurchases of restricted stock/units	(10,822		)	—			—			—			(10,822		)
Purchase of treasury stock	(223,237		)	—			—			—			(223,237		)
Proceeds from stock option exercises	1,228			—			—			—			1,228
Excess tax benefits from share-based compensation arrangements	789			—			—			—			789
Principal payments on capital lease obligations	—			(2,475		)	(1,813		)	—			(4,288		)
Distributions to noncontrolling interest	—			—			(9,010		)	—			(9,010		)
Net cash used in financing activities	(140,566		)	(2,475		)	(10,823		)	—			(153,864		)
Net increase (decrease) in cash and cash equivalents from operations	101,080			434,611			(87,883		)	(261,921		)	185,887
Effect of exchange rate changes on cash and cash equivalents	(100,949		)	(261,921		)	80,130			261,921			(20,819		)
Cash and cash equivalents at beginning of period	434			148,260			167,627			—			316,321
Cash and cash equivalents at end of period	$	565		$	320,950		$	159,874		$	—		$	481,389