XML 120 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
CONDENSED CONSOLIDATING FINANCIAL INFORMATION    
CONDENSED CONSOLIDATING FINANCIAL INFORMATION

 

NOTE 11—CONDENSED CONSOLIDATING FINANCIAL INFORMATION

        The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by AMCE. The subsidiary guarantees of AMCE's 9.75% Senior Subordinated Notes due 2020 (the "Notes due 2020") and the 5.875% Senior Subordinated Notes due 2022 (the "Notes due 2022") are full and unconditional and joint and several and subject to customary release provisions. The Company and its subsidiary guarantors' investments in its consolidated subsidiaries are presented under the equity method of accounting.

Three months ended March 31, 2015:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

417,689

 

$

1,005

 

$

 

$

418,694

 

Food and beverage

 

 

 

 

200,108

 

 

416

 

 

 

 

200,524

 

Other theatre

 

 

 

 

33,779

 

 

127

 

 

 

 

33,906

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

651,576

 

 

1,548

 

 

 

 

653,124

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

222,628

 

 

460

 

 

 

 

223,088

 

Food and beverage costs

 

 

 

 

28,424

 

 

84

 

 

 

 

28,508

 

Operating expense

 

 

68

 

 

186,352

 

 

838

 

 

 

 

187,258

 

Rent

 

 

 

 

117,484

 

 

437

 

 

 

 

117,921

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs

 

 

 

 

1,578

 

 

 

 

 

 

1,578

 

Other

 

 

 

 

4,940

 

 

1

 

 

 

 

4,941

 

Depreciation and amortization

 

 

 

 

57,754

 

 

23

 

 

 

 

57,777

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

68

 

 

619,160

 

 

1,843

 

 

 

 

621,071

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

(68

)

 

32,416

 

 

(295

)

 

 

 

32,053

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in net (earnings) loss of subsidiaries

 

 

(3,186

)

 

295

 

 

 

 

2,891

 

 

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

26,017

 

 

34,899

 

 

 

 

(34,837

)

 

26,079

 

Capital and financing lease obligations

 

 

 

 

2,373

 

 

 

 

 

 

2,373

 

Equity in earnings of non-consolidated entities

 

 

 

 

(1,324

)

 

 

 

 

 

(1,324

)

Investment income

 

 

(29,037

)

 

(10,943

)

 

 

 

34,837

 

 

(5,143

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense (income)

 

 

(6,206

)

 

25,300

 

 

 

 

2,891

 

 

21,985

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) from continuing operations before income taxes

 

 

6,138

 

 

7,116

 

 

(295

)

 

(2,891

)

 

10,068

 

Income tax provision

 

 

 

 

3,930

 

 

 

 

 

 

3,930

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net earnings (loss)

 

$

6,138

 

$

3,186

 

$

(295

)

$

(2,891

)

$

6,138

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Three months ended March 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

407,946

 

$

1,074

 

$

 

$

409,020

 

Food and beverage

 

 

 

 

181,317

 

 

447

 

 

 

 

181,764

 

Other theatre

 

 

 

 

31,906

 

 

68

 

 

 

 

31,974

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

621,169

 

 

1,589

 

 

 

 

622,758

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating Costs and Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

211,632

 

 

468

 

 

 

 

212,100

 

Food and beverage costs

 

 

 

 

25,005

 

 

118

 

 

 

 

25,123

 

Operating expense

 

 

(80

)

 

178,818

 

 

955

 

 

 

 

179,693

 

Rent

 

 

 

 

114,470

 

 

474

 

 

 

 

114,944

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs

 

 

 

 

362

 

 

 

 

 

 

362

 

Other

 

 

 

 

18,219

 

 

1

 

 

 

 

18,220

 

Depreciation and amortization

 

 

 

 

54,749

 

 

28

 

 

 

 

54,777

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

(80

)

 

603,255

 

 

2,044

 

 

 

 

605,219

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

80

 

 

17,914

 

 

(455

)

 

 

 

17,539

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in net (earnings) loss of subsidiaries

 

 

7,968

 

 

454

 

 

 

 

(8,422

)

 

 

Other expense (income)

 

 

 

 

(4,229

)

 

 

 

 

 

(4,229

)

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

29,618

 

 

39,744

 

 

 

 

(39,704

)

 

29,658

 

Capital and financing lease obligations

 

 

 

 

2,525

 

 

 

 

 

 

2,525

 

Equity in earnings of non-consolidated entities

 

 

 

 

5,384

 

 

 

 

 

 

5,384

 

Investment income

 

 

(32,998

)

 

(14,562

)

 

(1

)

 

39,704

 

 

(7,857

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense (income)

 

 

4,588

 

 

29,316

 

 

(1

)

 

(8,422

)

 

25,481

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Loss from continuing operations before income taxes

 

 

(4,508

)

 

(11,402

)

 

(454

)

 

8,422

 

 

(7,942

)

Income tax benefit

 

 

 

 

(3,100

)

 

 

 

 

 

(3,100

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Loss from continuing operations

 

 

(4,508

)

 

(8,302

)

 

(454

)

 

8,422

 

 

(4,842

)

Earnings from discontinued operations, net of income taxes

 

 

 

 

334

 

 

 

 

 

 

334

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net loss

 

$

(4,508

)

$

(7,968

)

$

(454

)

$

8,422

 

$

(4,508

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Three months ended March 31, 2015:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Net earnings (loss)

 

$

6,138

 

$

3,186

 

$

(295

)

$

(2,891

)

$

6,138

 

Equity in other comprehensive income (loss) of subsidiaries

 

 

(8,616

)

 

536

 

 

 

 

8,080

 

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

440

 

 

536

 

 

 

 

976

 

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss arising during the period, net of tax

 

 

 

 

(45

)

 

 

 

 

 

(45

)

Prior service credit arising during the period, net of tax

 

 

 

 

746

 

 

 

 

 

 

746

 

Amortization of gain included in net periodic benefit costs, net of tax

 

 

 

 

(1,699

)

 

 

 

 

 

(1,699

)

Amortization of prior service credit included in net periodic benefit costs, net of tax

 

 

 

 

(1,762

)

 

 

 

 

 

(1,762

)

Curtailment gain reclassified to net periodic benefit costs, net of tax

 

 

 

 

(7,239

)

 

 

 

 

 

(7,239

)

Settlement gain reclassified to net periodic costs, net of tax

 

 

 

 

(175

)

 

 

 

 

 

(175

)

Unrealized gain on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain arising during the period, net of tax

 

 

 

 

825

 

 

 

 

 

 

825

 

Net holding gain reclassified to net investment income, net of tax

 

 

 

 

(4

)

 

 

 

 

 

(4

)

Unrealized gain from equity method investees' cash flow hedge, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding loss arising during the period, net of tax

 

 

 

 

(361

)

 

 

 

 

 

(361

)

Net holding loss reclassified to equity in earnings of non-consolidated entities, net of tax              

 

 

 

 

122

 

 

 

 

 

 

122

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

(8,616

)

 

(8,616

)

 

536

 

 

8,080

 

 

(8,616

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive income (loss)

 

$

(2,478

)

$

(5,430

)

$

241

 

$

5,189

 

$

(2,478

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Three months ended March 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Net loss

 

$

(4,508

)

$

(7,968

)

$

(454

)

$

8,422

 

$

(4,508

)

Equity in other comprehensive income (loss) of subsidiaries

 

 

1,815

 

 

(87

)

 

 

 

(1,728

)

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

253

 

 

(87

)

 

 

 

166

 

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of gain included in net periodic benefit costs, net of tax

 

 

 

 

(211

)

 

 

 

 

 

(211

)

Amortization of prior service credit included in net periodic benefit costs, net of tax

 

 

 

 

(254

)

 

 

 

 

 

(254

)

Unrealized loss on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain arising during the period, net of tax

 

 

 

 

2,019

 

 

 

 

 

 

2,019

 

Net holding gain reclassified to net investment income, net of tax

 

 

 

 

(4

)

 

 

 

 

 

(4

)

Unrealized gain (loss) from equity method investees' cash flow hedge, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding loss arising during the period, net of tax

 

 

 

 

(32

)

 

 

 

 

 

(32

)

Net holding loss reclassified to equity in loss of non-consolidated entities, net of tax

 

 

 

 

131

 

 

 

 

 

 

131

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

1,815

 

 

1,815

 

 

(87

)

 

(1,728

)

 

1,815

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive loss

 

$

(2,693

)

$

(6,153

)

$

(541

)

$

6,694

 

$

(2,693

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

As of March 31, 2015:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and equivalents

 

$

334

 

$

101,030

 

$

41,389

 

$

 

$

142,753

 

Receivables, net

 

 

(21

)

 

48,316

 

 

25

 

 

 

 

48,320

 

Deferred tax asset

 

 

 

 

107,938

 

 

 

 

 

 

107,938

 

Other current assets

 

 

 

 

85,328

 

 

1,439

 

 

 

 

86,767

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

313

 

 

342,612

 

 

42,853

 

 

 

 

385,778

 

Investment in equity of subsidiaries

 

 

1,600,969

 

 

28,849

 

 

 

 

(1,629,818

)

 

 

Property, net

 

 

 

 

1,266,602

 

 

258

 

 

 

 

1,266,860

 

Intangible assets, net

 

 

 

 

223,314

 

 

 

 

 

 

223,314

 

Intercompany advances

 

 

1,679,967

 

 

(1,684,908

)

 

4,941

 

 

 

 

 

Goodwill

 

 

 

 

2,291,943

 

 

 

 

 

 

2,291,943

 

Deferred tax asset

 

 

 

 

75,799

 

 

 

 

 

 

75,799

 

Other long-term assets

 

 

12,435

 

 

406,643

 

 

22

 

 

 

 

419,100

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

3,293,684

 

$

2,950,854

 

$

48,074

 

$

(1,629,818

)

$

4,662,794

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities and Stockholder's Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 

$

210,021

 

$

305

 

$

 

$

210,326

 

Accrued expenses and other liabilities

 

 

15,281

 

 

121,268

 

 

(90

)

 

 

 

136,459

 

Deferred revenues and income

 

 

 

 

183,371

 

 

3

 

 

 

 

183,374

 

Current maturities of corporate borrowings and capital and financing lease obligations

 

 

14,484

 

 

9,417

 

 

 

 

 

 

23,901

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

29,765

 

 

524,077

 

 

218

 

 

 

 

554,060

 

Corporate borrowings

 

 

1,766,072

 

 

5,556

 

 

 

 

 

 

1,771,628

 

Capital and financing lease obligations

 

 

 

 

99,790

 

 

 

 

 

 

99,790

 

Exhibitor services agreement

 

 

 

 

319,859

 

 

 

 

 

 

319,859

 

Other long-term liabilities

 

 

 

 

400,603

 

 

19,007

 

 

 

 

419,610

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

1,795,837

 

 

1,349,885

 

 

19,225

 

 

 

 

3,164,947

 

Stockholder's equity

 

 

1,497,847

 

 

1,600,969

 

 

28,849

 

 

(1,629,818

)

 

1,497,847

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and stockholder's equity

 

$

3,293,684

 

$

2,950,854

 

$

48,074

 

$

(1,629,818

)

$

4,662,794

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

As of December 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and equivalents

 

$

403

 

$

174,117

 

$

41,635

 

$

 

$

216,155

 

Receivables, net

 

 

(21

)

 

99,224

 

 

49

 

 

 

 

99,252

 

Deferred tax asset

 

 

 

 

107,938

 

 

 

 

 

 

107,938

 

Other current assets

 

 

 

 

82,981

 

 

1,362

 

 

 

 

84,343

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

382

 

 

464,260

 

 

43,046

 

 

 

 

507,688

 

Investment in equity of subsidiaries

 

 

1,617,873

 

 

25,158

 

 

 

 

(1,643,031

)

 

 

Property, net

 

 

 

 

1,246,945

 

 

285

 

 

 

 

1,247,230

 

Intangible assets, net

 

 

 

 

225,515

 

 

 

 

 

 

225,515

 

Intercompany advances

 

 

1,673,001

 

 

(1,675,584

)

 

2,583

 

 

 

 

 

Goodwill

 

 

 

 

2,291,943

 

 

 

 

 

 

2,291,943

 

Deferred tax asset

 

 

 

 

73,817

 

 

 

 

 

 

73,817

 

Other long-term assets

 

 

13,129

 

 

404,454

 

 

21

 

 

 

 

417,604

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

3,304,385

 

$

3,056,508

 

$

45,935

 

$

(1,643,031

)

$

4,763,797

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities and Stockholder's Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 

$

262,288

 

$

347

 

$

 

$

262,635

 

Accrued expenses and other liabilities

 

 

6,102

 

 

130,213

 

 

(53

)

 

 

 

136,262

 

Deferred revenues and income

 

 

 

 

213,881

 

 

1

 

 

 

 

213,882

 

Current maturities of corporate borrowings and capital and financing lease obligations

 

 

14,484

 

 

9,114

 

 

 

 

 

 

23,598

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

20,586

 

 

615,496

 

 

295

 

 

 

 

636,377

 

Corporate borrowings

 

 

1,769,576

 

 

5,556

 

 

 

 

 

 

1,775,132

 

Capital and financing lease obligations

 

 

 

 

101,533

 

 

 

 

 

 

101,533

 

Exhibitor services agreement

 

 

 

 

316,815

 

 

 

 

 

 

316,815

 

Other long-term liabilities

 

 

 

 

399,235

 

 

20,482

 

 

 

 

419,717

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

1,790,162

 

 

1,438,635

 

 

20,777

 

 

 

 

3,249,574

 

Stockholder's equity

 

 

1,514,223

 

 

1,617,873

 

 

25,158

 

 

(1,643,031

)

 

1,514,223

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and stockholder's equity

 

$

3,304,385

 

$

3,056,508

 

$

45,935

 

$

(1,643,031

)

$

4,763,797

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Three months ended March 31, 2015:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

11,443

 

$

7,991

 

$

2,129

 

$

 

$

21,563

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(69,582

)

 

(8

)

 

 

 

(69,590

)

Investments in non-consolidated entities, net

 

 

 

 

(152

)

 

 

 

 

 

(152

)

Other, net

 

 

 

 

(1,636

)

 

 

 

 

 

(1,636

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in investing activities

 

 

 

 

(71,370

)

 

(8

)

 

 

 

(71,378

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash used to pay dividends to Holdings

 

 

(19,821

)

 

 

 

 

 

 

 

(19,821

)

Principal payments under capital and financing lease obligations

 

 

 

 

(1,886

)

 

 

 

 

 

(1,886

)

Principle payments under Term Loan

 

 

(1,938

)

 

 

 

 

 

 

 

(1,938

)

Change in intercompany advances

 

 

10,247

 

 

(7,889

)

 

(2,358

)

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in financing activities

 

 

(11,512

)

 

(9,775

)

 

(2,358

)

 

 

 

(23,645

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Effect of exchange rate changes on cash and equivalents

 

 

 

 

67

 

 

(9

)

 

 

 

58

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net decrease in cash and equivalents

 

 

(69

)

 

(73,087

)

 

(246

)

 

 

 

(73,402

)

Cash and equivalents at beginning of period

 

 

403

 

 

174,117

 

 

41,635

 

 

 

 

216,155

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and equivalents at end of period

 

$

334

 

$

101,030

 

$

41,389

 

$

 

$

142,753

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Three months ended March 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

15,308

 

$

(16,429

)

$

(454

)

$

 

$

(1,575

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(55,562

)

 

(37

)

 

 

 

(55,599

)

Investments in non-consolidated entities, net

 

 

 

 

(721

)

 

 

 

 

 

(721

)

Payments from the disposition of long-term assets

 

 

 

 

(128

)

 

 

 

 

 

(128

)

Other, net

 

 

 

 

(1,783

)

 

 

 

 

 

(1,783

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in investing activities

 

 

 

 

(58,194

)

 

(37

)

 

 

 

(58,231

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from issuance of Senior Subordinated Notes due 2022

 

 

375,000

 

 

 

 

 

 

 

 

375,000

 

Repurchase of Senior Subordinated Notes due 2019

 

 

(496,903

)

 

 

 

 

 

 

 

(496,903

)

Payment of initial public offering costs

 

 

 

 

(281

)

 

 

 

 

 

(281

)

Deferred financing costs

 

 

(7,568

)

 

 

 

 

 

 

 

(7,568

)

Principal payments under capital and financing lease obligations

 

 

 

 

(1,672

)

 

 

 

 

 

(1,672

)

Principle payments under Term Loan

 

 

(1,938

)

 

 

 

 

 

 

 

(1,938

)

Change in intercompany advances

 

 

116,181

 

 

(116,542

)

 

361

 

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash provided by (used in) financing activities

 

 

(15,228

)

 

(118,495

)

 

361

 

 

 

 

(133,362

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Effect of exchange rate changes on cash and equivalents

 

 

 

 

(53

)

 

44

 

 

 

 

(9

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net increase (decrease) in cash and equivalents

 

 

80

 

 

(193,171

)

 

(86

)

 

 

 

(193,177

)

Cash and equivalents at beginning of period

 

 

485

 

 

501,989

 

 

41,837

 

 

 

 

544,311

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and equivalents at end of period

 

$

565

 

$

308,818

 

$

41,751

 

$

 

$

351,134

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

NOTE 19—CONDENSED CONSOLIDATING FINANCIAL INFORMATION

        The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by AMCE. The subsidiary guarantees of AMCE's 9.75% Senior Subordinated Notes due 2020 (the "Notes due 2020") and the 5.875% Senior Subordinated Notes due 2022 (the "Notes due 2022") are full and unconditional and joint and several and subject to customary release provisions. The Company and its subsidiary guarantors' investments in its consolidated subsidiaries are presented under the equity method of accounting.

Twelve months ended December 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

1,760,781

 

$

4,607

 

$

 

$

1,765,388

 

Food and beverage

 

 

 

 

795,789

 

 

1,946

 

 

 

 

797,735

 

Other theatre

 

 

 

 

131,931

 

 

336

 

 

 

 

132,267

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

2,688,501

 

 

6,889

 

 

 

 

2,695,390

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

932,108

 

 

2,138

 

 

 

 

934,246

 

Food and beverage costs

 

 

 

 

111,532

 

 

459

 

 

 

 

111,991

 

Operating expense

 

 

96

 

 

729,282

 

 

3,960

 

 

 

 

733,338

 

Rent

 

 

 

 

453,106

 

 

2,133

 

 

 

 

455,239

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs

 

 

 

 

1,161

 

 

 

 

 

 

1,161

 

Other

 

 

 

 

64,831

 

 

42

 

 

 

 

64,873

 

Depreciation and amortization

 

 

 

 

216,258

 

 

63

 

 

 

 

216,321

 

Impairment of long-lived assets

 

 

 

 

3,149

 

 

 

 

 

 

3,149

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

96

 

 

2,511,427

 

 

8,795

 

 

 

 

2,520,318

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

(96

)

 

177,074

 

 

(1,906

)

 

 

 

175,072

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in net (earnings) loss of subsidiaries

 

 

(51,401

)

 

1,905

 

 

 

 

49,496

 

 

 

Other income

 

 

 

 

(8,344

)

 

 

 

 

 

(8,344

)

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

110,861

 

 

149,759

 

 

 

 

(149,548

)

 

111,072

 

Capital and financing lease obligations

 

 

 

 

9,867

 

 

 

 

 

 

9,867

 

Equity in earnings of non-consolidated entities

 

 

 

 

(26,615

)

 

 

 

 

 

(26,615

)

Investment income

 

 

(123,636

)

 

(34,056

)

 

(1

)

 

149,548

 

 

(8,145

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense (income)

 

 

(64,176

)

 

92,516

 

 

(1

)

 

49,496

 

 

77,835

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) from continuing operations before income taxes

 

 

64,080

 

 

84,558

 

 

(1,905

)

 

(49,496

)

 

97,237

 

Income tax provision

 

 

 

 

33,470

 

 

 

 

 

 

33,470

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings from continuing operations

 

 

64,080

 

 

51,088

 

 

(1,905

)

 

(49,496

)

 

63,767

 

Gain from discontinued operations, net of income taxes

 

 

 

 

313

 

 

 

 

 

 

313

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net earnings (loss)

 

$

64,080

 

$

51,401

 

$

(1,905

)

$

(49,496

)

$

64,080

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Twelve months ended December 31, 2013:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

1,842,977

 

$

4,350

 

$

 

$

1,847,327

 

Food and beverage

 

 

 

 

785,041

 

 

1,871

 

 

 

 

786,912

 

Other theatre

 

 

 

 

114,922

 

 

267

 

 

 

 

115,189

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

2,742,940

 

 

6,488

 

 

 

 

2,749,428

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

974,917

 

 

1,995

 

 

 

 

976,912

 

Food and beverage costs

 

 

 

 

106,926

 

 

399

 

 

 

 

107,325

 

Operating expense

 

 

(102

)

 

722,984

 

 

3,759

 

 

 

 

726,641

 

Rent

 

 

 

 

449,833

 

 

1,995

 

 

 

 

451,828

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs

 

 

 

 

2,883

 

 

 

 

 

 

2,883

 

Other

 

 

 

 

97,259

 

 

29

 

 

 

 

97,288

 

Depreciation and amortization

 

 

 

 

197,486

 

 

51

 

 

 

 

197,537

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

(102

)

 

2,552,288

 

 

8,228

 

 

 

 

2,560,414

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

102

 

 

190,652

 

 

(1,740

)

 

 

 

189,014

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in net (earnings) loss of subsidiaries

 

 

(349,185

)

 

1,141

 

 

 

 

348,044

 

 

 

Other income

 

 

 

 

(1,415

)

 

 

 

 

 

(1,415

)

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

130,363

 

 

173,633

 

 

 

 

(174,033

)

 

129,963

 

Capital and financing lease obligations

 

 

 

 

10,264

 

 

 

 

 

 

10,264

 

Equity in (earnings) loss of non-consolidated entities           

 

 

2

 

 

(47,424

)

 

(13

)

 

 

 

(47,435

)

Investment income

 

 

(145,478

)

 

(30,373

)

 

(266

)

 

174,033

 

 

(2,084

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense (income)

 

 

(364,298

)

 

105,826

 

 

(279

)

 

348,044

 

 

89,293

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) from continuing operations before income taxes

 

 

364,400

 

 

84,826

 

 

(1,461

)

 

(348,044

)

 

99,721

 

Income tax benefit

 

 

 

 

(263,383

)

 

 

 

 

 

(263,383

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings (loss) from continuing operations

 

 

364,400

 

 

348,209

 

 

(1,461

)

 

(348,044

)

 

363,104

 

Gain from discontinued operations, net of income taxes

 

 

 

 

976

 

 

320

 

 

 

 

1,296

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net earnings (loss)

 

$

364,400

 

$

349,185

 

$

(1,141

)

$

(348,044

)

$

364,400

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Successor from Inception on August 31, 2012 through December 31, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

547,094

 

$

1,538

 

$

 

$

548,632

 

Food and beverage

 

 

 

 

229,101

 

 

638

 

 

 

 

229,739

 

Other theatre

 

 

 

 

32,990

 

 

131

 

 

 

 

33,121

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

809,185

 

 

2,307

 

 

 

 

811,492

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

290,888

 

 

673

 

 

 

 

291,561

 

Food and beverage costs

 

 

 

 

30,374

 

 

171

 

 

 

 

30,545

 

Operating expense

 

 

(21

)

 

229,199

 

 

1,256

 

 

 

 

230,434

 

Rent

 

 

 

 

142,698

 

 

676

 

 

 

 

143,374

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs           

 

 

 

 

3,366

 

 

 

 

 

 

3,366

 

Other

 

 

 

 

29,073

 

 

37

 

 

 

 

29,110

 

Depreciation and amortization

 

 

 

 

71,616

 

 

17

 

 

 

 

71,633

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

(21

)

 

797,214

 

 

2,830

 

 

 

 

800,023

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

21

 

 

11,971

 

 

(523

)

 

 

 

11,469

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in net loss of subsidiaries

 

 

48,107

 

 

788

 

 

 

 

(48,895

)

 

 

Other expense

 

 

 

 

49

 

 

 

 

 

 

49

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

45,145

 

 

61,280

 

 

 

 

(61,166

)

 

45,259

 

Capital and financing lease obligations           

 

 

 

 

1,873

 

 

 

 

 

 

1,873

 

Equity in losses of non-consolidated entities

 

 

348

 

 

2,114

 

 

18

 

 

 

 

2,480

 

Investment expense (income)

 

 

(50,909

)

 

(9,967

)

 

 

 

61,166

 

 

290

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense

 

 

42,691

 

 

56,137

 

 

18

 

 

(48,895

)

 

49,951

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Loss from continuing operations before income taxes

 

 

(42,670

)

 

(44,166

)

 

(541

)

 

48,895

 

 

(38,482

)

Income tax provision

 

 

 

 

3,500

 

 

 

 

 

 

3,500

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Loss from continuing operations

 

 

(42,670

)

 

(47,666

)

 

(541

)

 

48,895

 

 

(41,982

)

Loss from discontinued operations, net of income taxes

 

 

 

 

(441

)

 

(247

)

 

 

 

(688

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net loss

 

$

(42,670

)

$

(48,107

)

$

(788

)

$

48,895

 

$

(42,670

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Predecessor from March 30, 2012 through August 30, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Admissions

 

$

 

$

814,034

 

$

1,997

 

$

 

$

816,031

 

Food and beverage

 

 

 

 

341,260

 

 

870

 

 

 

 

342,130

 

Other theatre

 

 

 

 

47,771

 

 

140

 

 

 

 

47,911

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

 

 

1,203,065

 

 

3,007

 

 

 

 

1,206,072

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Film exhibition costs

 

 

 

 

435,526

 

 

1,013

 

 

 

 

436,539

 

Food and beverage costs

 

 

 

 

47,142

 

 

184

 

 

 

 

47,326

 

Operating expense

 

 

28

 

 

295,708

 

 

1,592

 

 

 

 

297,328

 

Rent

 

 

 

 

188,283

 

 

803

 

 

 

 

189,086

 

General and administrative:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merger, acquisition and transaction costs           

 

 

 

 

172

 

 

 

 

 

 

172

 

Management fee

 

 

 

 

2,500

 

 

 

 

 

 

2,500

 

Other

 

 

 

 

27,013

 

 

12

 

 

 

 

27,025

 

Depreciation and amortization

 

 

 

 

80,944

 

 

27

 

 

 

 

80,971

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating costs and expenses

 

 

28

 

 

1,077,288

 

 

3,631

 

 

 

 

1,080,947

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

(28

)

 

125,777

 

 

(624

)

 

 

 

125,125

 

Other expense (income)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in earnings of subsidiaries

 

 

(88,759

)

 

(15,269

)

 

 

 

104,028

 

 

 

Other expense

 

 

 

 

960

 

 

 

 

 

 

960

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate borrowings

 

 

67,366

 

 

87,133

 

 

 

 

(86,885

)

 

67,614

 

Capital and financing lease obligations           

 

 

 

 

2,390

 

 

 

 

 

 

2,390

 

Equity in (earnings) losses of non-consolidated entities

 

 

60

 

 

(6,382

)

 

(1,223

)

 

 

 

(7,545

)

Investment income

 

 

(73,095

)

 

(13,831

)

 

 

 

86,885

 

 

(41

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total other expense (income)

 

 

(94,428

)

 

55,001

 

 

(1,223

)

 

104,028

 

 

63,378

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings from continuing operations before income taxes

 

 

94,400

 

 

70,776

 

 

599

 

 

(104,028

)

 

61,747

 

Income tax provision

 

 

 

 

2,500

 

 

 

 

 

 

2,500

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings from continuing operations

 

 

94,400

 

 

68,276

 

 

599

 

 

(104,028

)

 

59,247

 

Gain from discontinued operations, net of income taxes

 

 

 

 

20,483

 

 

14,670

 

 

 

 

35,153

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net earnings

 

$

94,400

 

$

88,759

 

$

15,269

 

$

(104,028

)

$

94,400

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Twelve months ended December 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Net earnings (loss)

 

$

64,080

 

$

51,401

 

$

(1,905

)

$

(49,496

)

$

64,080

 

Equity in other comprehensive income (loss) of subsidiaries

 

 

(11,360

)

 

732

 

 

 

 

10,628

 

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

246

 

 

732

 

 

 

 

978

 

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss arising during the period, net of tax

 

 

 

 

(13,543

)

 

 

 

 

 

(13,543

)

Amortization of gain included in net periodic benefit costs, net of tax

 

 

 

 

(844

)

 

 

 

 

 

(844

)

Amortization of prior service credit included in net periodic benefit costs, net of tax

 

 

 

 

(1,016

)

 

 

 

 

 

(1,016

)

Unrealized gain on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain arising during the period, net of tax

 

 

 

 

2,627

 

 

 

 

 

 

2,627

 

Less: reclassification adjustment for gains included in investment expense (income), net of tax

 

 

 

 

(31

)

 

 

 

 

 

(31

)

Unrealized gain from equity method investees' cash flow hedge, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding loss arising during the period, net of tax

 

 

 

 

(59

)

 

 

 

 

 

(59

)

Holding losses reclassified to equity in earnings of non-consolidated entities

 

 

 

 

528

 

 

 

 

 

 

528

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

(11,360

)

 

(11,360

)

 

732

 

 

10,628

 

 

(11,360

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive income (loss)

 

$

52,720

 

$

40,041

 

$

(1,173

)

$

(38,868

)

$

52,720

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Twelve months ended December 31, 2013:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-
Guarantors

 

Consolidating
Adjustments

 

Consolidated AMC
Entertainment Inc.

 

Net earnings (loss)

 

$

364,400

 

$

349,185

 

$

(1,141

)

$

(348,044

)

$

364,400

 

Equity in other comprehensive income of subsidiaries

 

 

14,760

 

 

(559

)

 

 

 

(14,201

)

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

738

 

 

(559

)

 

 

 

179

 

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gain arising during the period, net of tax

 

 

 

 

4,510

 

 

 

 

 

 

4,510

 

Prior service credit arising during the period, net of tax

 

 

 

 

9,271

 

 

 

 

 

 

9,271

 

Amortization of gain included in net periodic benefit costs, net of tax

 

 

 

 

(78

)

 

 

 

 

 

(78

)

Unrealized loss on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding loss arising during the period, net of tax

 

 

 

 

(1,622

)

 

 

 

 

 

(1,622

)

Less: reclassification adjustment for loss included in investment expense (income), net of tax

 

 

 

 

925

 

 

 

 

 

 

925

 

Unrealized gains from equity method investees' cash flow hedge, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain arising during the period, net of tax

 

 

 

 

2,085

 

 

 

 

 

 

2,085

 

Holding gains reclassified to equity in earnings of non-consolidated entities, net of tax

 

 

 

 

(510

)

 

 

 

 

 

(510

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

14,760

 

 

14,760

 

 

(559

)

 

(14,201

)

 

14,760

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive income (loss)

 

$

379,160

 

$

363,945

 

$

(1,700

)

$

(362,245

)

$

379,160

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Successor from Inception on August 31, 2012 through December 31, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Net earnings (loss)

 

$

(42,670

)

$

(48,107

)

$

(788

)

$

48,895

 

$

(42,670

)

Equity in other comprehensive income (loss) of subsidiaries

 

 

9,444

 

 

(527

)

 

 

 

(8,917

)

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

(3

)

 

(527

)

 

 

 

(530

)

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net gain arising during the period, net of tax

 

 

 

 

7,279

 

 

 

 

 

 

7,279

 

Settlement, net of tax

 

 

 

 

(15

)

 

 

 

 

 

(15

)

Unrealized gain on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain arising during the period, net of tax

 

 

 

 

1,915

 

 

 

 

 

 

1,915

 

Less: reclassification adjustment for gains included in investment expense (income), net of tax

 

 

 

 

(2

)

 

 

 

 

 

(2

)

Unrealized gains from equity method investees' cash flow hedge, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains arising during the period, net of tax

 

 

 

 

797

 

 

 

 

 

 

797

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

9,444

 

 

9,444

 

 

(527

)

 

(8,917

)

 

9,444

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive income (loss)

 

$

(33,226

)

$

(38,663

)

$

(1,315

)

$

39,978

 

$

(33,226

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Predecessor from March 30, 2012 through August 30, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Net earnings

 

$

94,400

 

$

88,759

 

$

15,269

 

$

(104,028

)

$

94,400

 

Equity in other comprehensive income (loss) of subsidiaries

 

 

9,034

 

 

(2,758

)

 

 

 

(6,276

)

 

 

Foreign currency translation adjustment, net of tax

 

 

 

 

14,693

 

 

(2,758

)

 

 

 

11,935

 

Pension and other benefit adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit arising during the period, net of tax

 

 

 

 

771

 

 

 

 

 

 

771

 

Amortization of loss included in net periodic benefit costs, net of tax

 

 

 

 

987

 

 

 

 

 

 

987

 

Amortization of prior service credit included in net periodic benefit costs, net of tax

 

 

 

 

(448

)

 

 

 

 

 

(448

)

Unrealized loss on marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding loss arising during the period, net of tax

 

 

 

 

(4,167

)

 

 

 

 

 

(4,167

)

Less: reclassification adjustment for gains included in investment expense (income), net of tax

 

 

 

 

(44

)

 

 

 

 

 

(44

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Other comprehensive income (loss)

 

 

9,034

 

 

9,034

 

 

(2,758

)

 

(6,276

)

 

9,034

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total comprehensive income

 

$

103,434

 

$

97,793

 

$

12,511

 

$

(110,304

)

$

103,434

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

As of December 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and equivalents

 

$

403

 

$

174,117

 

$

41,635

 

$

 

$

216,155

 

Receivables, net

 

 

(21

)

 

99,224

 

 

49

 

 

 

 

99,252

 

Deferred tax asset

 

 

 

 

107,938

 

 

 

 

 

 

107,938

 

Other current assets

 

 

 

 

82,981

 

 

1,362

 

 

 

 

84,343

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

382

 

 

464,260

 

 

43,046

 

 

 

 

507,688

 

Investment in equity of subsidiaries

 

 

1,617,873

 

 

25,158

 

 

 

 

(1,643,031

)

 

 

Property, net

 

 

 

 

1,246,945

 

 

285

 

 

 

 

1,247,230

 

Intangible assets, net

 

 

 

 

225,515

 

 

 

 

 

 

225,515

 

Intercompany advances

 

 

1,673,001

 

 

(1,675,584

)

 

2,583

 

 

 

 

 

Goodwill

 

 

 

 

2,291,943

 

 

 

 

 

 

2,291,943

 

Deferred tax asset

 

 

 

 

73,817

 

 

 

 

 

 

73,817

 

Other long-term assets

 

 

13,129

 

 

404,454

 

 

21

 

 

 

 

417,604

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

3,304,385

 

$

3,056,508

 

$

45,935

 

$

(1,643,031

)

$

4,763,797

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities and Stockholder's Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 

$

262,288

 

$

347

 

$

 

$

262,635

 

Accrued expenses and other liabilities

 

 

6,102

 

 

130,213

 

 

(53

)

 

 

 

136,262

 

Deferred revenues and income

 

 

 

 

213,881

 

 

1

 

 

 

 

213,882

 

Current maturities of corporate borrowings and capital and financing lease obligations

 

 

14,484

 

 

9,114

 

 

 

 

 

 

23,598

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

20,586

 

 

615,496

 

 

295

 

 

 

 

636,377

 

Corporate borrowings

 

 

1,769,576

 

 

5,556

 

 

 

 

 

 

1,775,132

 

Capital and financing lease obligations

 

 

 

 

101,533

 

 

 

 

 

 

101,533

 

Exhibitor services agreement

 

 

 

 

316,815

 

 

 

 

 

 

316,815

 

Other long-term liabilities

 

 

 

 

399,235

 

 

20,482

 

 

 

 

419,717

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

1,790,162

 

 

1,438,635

 

 

20,777

 

 

 

 

3,249,574

 

Stockholder's equity

 

 

1,514,223

 

 

1,617,873

 

 

25,158

 

 

(1,643,031

)

 

1,514,223

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and stockholder's equity

 

$

3,304,385

 

$

3,056,508

 

$

45,935

 

$

(1,643,031

)

$

4,763,797

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

As of December 31, 2013:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and equivalents

 

$

485

 

$

501,989

 

$

41,837

 

$

 

$

544,311

 

Receivables, net

 

 

(10

)

 

106,096

 

 

62

 

 

 

 

106,148

 

Deferred tax asset

 

 

 

 

110,097

 

 

 

 

 

 

110,097

 

Other current assets

 

 

 

 

79,433

 

 

1,391

 

 

 

 

80,824

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

475

 

 

797,615

 

 

43,290

 

 

 

 

841,380

 

Investment in equity of subsidiaries

 

 

1,617,629

 

 

18,903

 

 

 

 

(1,636,532

)

 

 

Property, net

 

 

 

 

1,179,666

 

 

88

 

 

 

 

1,179,754

 

Intangible assets, net

 

 

 

 

234,319

 

 

 

 

 

 

234,319

 

Intercompany advances

 

 

1,953,778

 

 

(1,953,145

)

 

(633

)

 

 

 

 

Goodwill

 

 

 

 

2,291,943

 

 

 

 

 

 

2,291,943

 

Deferred tax asset

 

 

 

 

96,824

 

 

 

 

 

 

96,824

 

Other long-term assets

 

 

7,841

 

 

394,031

 

 

632

 

 

 

 

402,504

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

3,579,723

 

$

3,060,156

 

$

43,377

 

$

(1,636,532

)

$

5,046,724

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities and Stockholder's Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

 

$

267,675

 

$

488

 

$

 

$

268,163

 

Accrued expenses and other liabilities

 

 

306

 

 

170,676

 

 

(62

)

 

 

 

170,920

 

Deferred revenues and income

 

 

 

 

202,833

 

 

 

 

 

 

202,833

 

Current maturities of corporate borrowings and capital and financing lease obligations

 

 

7,750

 

 

8,330

 

 

 

 

 

 

16,080

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

8,056

 

 

649,514

 

 

426

 

 

 

 

657,996

 

Corporate borrowings

 

 

2,062,728

 

 

6,944

 

 

 

 

 

 

2,069,672

 

Capital and financing lease obligations

 

 

 

 

109,258

 

 

 

 

 

 

109,258

 

Exhibitor services agreement

 

 

 

 

329,913

 

 

 

 

 

 

329,913

 

Other long-term liabilities

 

 

 

 

346,898

 

 

24,048

 

 

 

 

370,946

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

2,070,784

 

 

1,442,527

 

 

24,474

 

 

 

 

3,537,785

 

Stockholder's equity

 

 

1,508,939

 

 

1,617,629

 

 

18,903

 

 

(1,636,532

)

 

1,508,939

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and stockholder's equity

 

$

3,579,723

 

$

3,060,156

 

$

43,377

 

$

(1,636,532

)

$

5,046,724

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Twelve months ended December 31, 2014:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

13,212

 

$

280,990

 

$

3,100

 

$

 

$

297,302

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(270,677

)

 

(57

)

 

 

 

(270,734

)

Proceeds from the disposition of long-term assets

 

 

 

 

238

 

 

 

 

 

 

238

 

Investments in non-consolidated entities, net

 

 

 

 

(1,522

)

 

 

 

 

 

(1,522

)

Other, net

 

 

 

 

327

 

 

 

 

 

 

327

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in investing activities

 

 

 

 

(271,634

)

 

(57

)

 

 

 

(271,691

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from issuance of Senior Subordinated Notes due 2022

 

 

375,000

 

 

 

 

 

 

 

 

375,000

 

Repurchase of Subordinated Notes due 2019

 

 

(639,728

)

 

 

 

 

 

 

 

(639,728

)

Payment of initial public offering costs

 

 

 

 

(281

)

 

 

 

 

 

(281

)

Principle payments under Term Loan

 

 

(7,750

)

 

 

 

 

 

 

 

(7,750

)

Principal payments under capital and financing lease obligations

 

 

 

 

(6,941

)

 

 

 

 

 

(6,941

)

Principal payments under promissory note

 

 

 

 

(1,389

)

 

 

 

 

 

(1,389

)

Principal amount of coupon payment under Senior Subordinated Notes due 2020

 

 

(6,227

)

 

 

 

 

 

 

 

(6,227

)

Deferred financing costs

 

 

(7,952

)

 

 

 

 

 

 

 

(7,952

)

Cash used to pay dividends to Holdings

 

 

(58,504

)

 

 

 

 

 

 

 

(58,504

)

Change in intercompany advances

 

 

331,867

 

 

(328,651

)

 

(3,216

)

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in financing activities

 

 

(13,294

)

 

(337,262

)

 

(3,216

)

 

 

 

(353,772

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Effect of exchange rate changes on cash and equivalents

 

 

 

 

34

 

 

(29

)

 

 

 

5

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net decrease in cash and equivalents

 

 

(82

)

 

(327,872

)

 

(202

)

 

 

 

(328,156

)

Cash and equivalents at beginning of period

 

 

485

 

 

501,989

 

 

41,837

 

 

 

 

544,311

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and equivalents at end of period

 

$

403

 

$

174,117

 

$

41,635

 

$

 

$

216,155

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Twelve months ended December 31, 2013:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

3,772

 

$

354,520

 

$

(950

)

$

 

$

357,342

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(260,633

)

 

(190

)

 

 

 

(260,823

)

Acquisition of Rave theatres, net of cash acquired

 

 

 

 

(1,128

)

 

 

 

 

 

(1,128

)

Proceeds from the disposition of long-term assets

 

 

 

 

3,880

 

 

 

 

 

 

3,880

 

Investments in non-consolidated entities, net

 

 

 

 

(3,280

)

 

15

 

 

 

 

(3,265

)

Other, net

 

 

 

 

(7,448

)

 

 

 

 

 

(7,448

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in investing activities

 

 

 

 

(268,609

)

 

(175

)

 

 

 

(268,784

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from issuance of Term Loan due 2020

 

 

773,063

 

 

 

 

 

 

 

 

773,063

 

Capital contribution from Holdings

 

 

355,580

 

 

 

 

 

 

 

 

355,580

 

Repayment of Term Loan due 2016

 

 

(464,088

)

 

 

 

 

 

 

 

(464,088

)

Repayment of Term Loan due 2018

 

 

(296,250

)

 

 

 

 

 

 

 

(296,250

)

Principle payments under Term Loan

 

 

(7,813

)

 

 

 

 

 

 

 

(7,813

)

Principal payments under capital and financing lease obligations

 

 

 

 

(6,446

)

 

 

 

 

 

(6,446

)

Deferred financing costs

 

 

(9,126

)

 

 

 

 

 

 

 

(9,126

)

Payment of construction payables

 

 

 

 

(19,404

)

 

 

 

 

 

(19,404

)

Cash used to pay dividends to Holdings

 

 

(588

)

 

 

 

 

 

 

 

(588

)

Change in intercompany advances

 

 

(354,373

)

 

352,861

 

 

1,512

 

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash provided by (used in) financing activities

 

 

(3,595

)

 

327,011

 

 

1,512

 

 

 

 

324,928

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Effect of exchange rate changes on cash and equivalents

 

 

 

 

(101

)

 

(2

)

 

 

 

(103

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net increase in cash and equivalents

 

 

177

 

 

412,821

 

 

385

 

 

 

 

413,383

 

Cash and equivalents at beginning of period

 

 

308

 

 

89,168

 

 

41,452

 

 

 

 

130,928

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and equivalents at end of period

 

$

485

 

$

501,989

 

$

41,837

 

$

 

$

544,311

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Successor from Inception on August 31, 2012 through December 31, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

(21,605

)

$

143,430

 

$

(47,933

)

$

 

$

73,892

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(72,765

)

 

(9

)

 

 

 

(72,774

)

Merger, net of cash acquired

 

 

 

 

3,110

 

 

 

 

 

 

3,110

 

Acquisition of Rave theatres, net of cash acquired

 

 

 

 

(87,555

)

 

 

 

 

 

(87,555

)

Proceeds from the disposition of long-term assets

 

 

 

 

112

 

 

(22

)

 

 

 

90

 

Investments in non-consolidated entities, net

 

 

 

 

(1,173

)

 

(21

)

 

 

 

(1,194

)

Other, net

 

 

 

 

(575

)

 

 

 

 

 

(575

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in investing activities

 

 

 

 

(158,846

)

 

(52

)

 

 

 

(158,898

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principle payments under Term Loan

 

 

(4,002

)

 

 

 

 

 

 

 

(4,002

)

Principal payments under capital and financing lease obligations

 

 

 

 

(875

)

 

 

 

 

 

(875

)

Capital contribution of Wanda

 

 

100,000

 

 

 

 

 

 

 

 

100,000

 

Payment of construction payables

 

 

 

 

22,487

 

 

 

 

 

 

22,487

 

Change in intercompany advances

 

 

(74,376

)

 

23,867

 

 

50,509

 

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash provided by financing activities

 

 

21,622

 

 

45,479

 

 

50,509

 

 

 

 

117,610

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Effect of exchange rate changes on cash and equivalents

 

 

 

 

3,779

 

 

(3,986

)

 

 

 

(207

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net increase (decrease) in cash and equivalents

 

 

17

 

 

33,842

 

 

(1,462

)

 

 

 

32,397

 

Cash and equivalents at beginning of period

 

 

291

 

 

55,326

 

 

42,914

 

 

 

 

98,531

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and equivalents at end of period

 

$

308

 

$

89,168

 

$

41,452

 

$

 

$

130,928

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Predecessor from March 30, 2012 through August 30, 2012:

                                                                                                                                                                                    

(In thousands)

 

AMCE

 

Subsidiary
Guarantors

 

Subsidiary
Non-Guarantors

 

Consolidating
Adjustments

 

Consolidated
AMC
Entertainment Inc.

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

(3,735

)

$

82,423

 

$

809

 

$

 

$

79,497

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

 

 

(40,095

)

 

(21

)

 

 

 

(40,116

)

Proceeds from the disposition of long-term assets

 

 

 

 

7,134

 

 

157

 

 

 

 

7,291

 

Investments in non-consolidated entities, net

 

 

 

 

(17

)

 

1,606

 

 

 

 

1,589

 

Other, net

 

 

 

 

205

 

 

 

 

 

 

205

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash provided by (used in) investing activities

 

 

 

 

(32,773

)

 

1,742

 

 

 

 

(31,031

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Repurchase of Senior Subordinated Notes due 2014

 

 

(191,035

)

 

 

 

 

 

 

 

(191,035

)

Principle payments under Term Loan

 

 

(4,002

)

 

 

 

 

 

 

 

(4,002

)

Principal payments under capital and financing lease obligations

 

 

 

 

(1,298

)

 

 

 

 

 

(1,298

)

Deferred financing costs

 

 

(2,378

)

 

 

 

 

 

 

 

(2,378

)

Payment of construction payables

 

 

 

 

(23,575

)

 

 

 

 

 

(23,575

)

Change in intercompany advances

 

 

200,755

 

 

(200,872

)

 

117

 

 

 

 

—  

 

​  

​  

​  

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Net cash provided by (used in) financing activities

 

 

3,340

 

 

(225,745

)

 

117

 

 

 

 

(222,288

)

​  

​  

​  

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​  

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Effect of exchange rate changes on cash and equivalents

 

 

 

 

(588

)

 

604

 

 

 

 

16

 

​  

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Net increase (decrease) in cash and equivalents

 

 

(395

)

 

(176,683

)

 

3,272

 

 

 

 

(173,806

)

Cash and equivalents at beginning of period

 

 

686

 

 

232,009

 

 

39,642

 

 

 

 

272,337

 

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Cash and equivalents at end of period

 

$

291

 

$

55,326

 

$

42,914

 

$

 

$

98,531

 

​  

​  

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​