AMC ENTERTAINMENT HOLDINGS, INC. AMC Cash Flow

Amc entertainment holdings, inc. (AMC)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12
Cash flows from operating activities:
Net earnings (loss)
-149,100	35,000	-10,600	-37,800	110,100	-336,900	-279,200	-477,900	-487,200	-181,800	-108,700	91,800	111,700	124,361	106,139	126,062	103,900	92,058	87,256	74,726	64,080	313,878	339,967	370,150	364,400	42,113	0	0	0
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization
450,000	476,500	494,600	520,300	537,800	543,100	548,200	543,800	538,600	476,300	404,100	333,100	268,200	245,766	240,674	235,623	233,000	228,501	224,820	219,321	216,321	210,956	205,232	203,852	197,537	219,068	0	0	0
Loss on NCM charged to merger, acquisition and transaction costs
-	-	-	-	-	-	-	-	22,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-500	0	0	0	-	-	-	-	-	-	-	-	8,544	0	0	0	-	-	-	-	-
Deferred income taxes
-33,700	4,100	4,500	-3,800	-6,400	292,200	274,100	168,100	157,800	-149,400	-113,000	9,100	34,100	79,529	51,776	64,275	51,600	30,436	45,614	38,845	32,430	-255,363	-256,788	-272,288	-266,598	11,450	0	0	0
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amortization of net discount (premium) on corporate borrowings
11,300	10,400	6,900	3,300	200	-2,900	-3,300	-3,300	-2,700	-1,900	-1,000	-200	200	326	240	2,466	800	2,296	754	658	832	0	0	0	-	-	-	-	0
Amortization of deferred charges to interest expense
15,800	16,300	16,300	16,600	16,000	15,000	14,600	14,100	12,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Theatre and other closure expense
-	-	-	-	-	-	-	-	-	-2,700	-4,300	-4,600	-5,200	-4,689	-5,289	-7,627	-5,000	-21,481	-18,520	-9,584	-9,346	9,558	9,666	5,750	5,823	6,870	0	0	0
Non-cash portion of stock-based compensation
4,400	15,500	17,500	16,100	14,900	12,700	8,500	8,400	5,700	4,300	6,100	3,900	4,900	5,623	6,122	5,861	10,500	14,598	10,803	10,675	11,293	0	0	0	-	-	-	-	-
Gain on dispositions
17,400	16,300	16,400	14,900	3,200	900	1,700	3,500	2,500	4,200	3,000	-400	2,400	0	0	0	-	-	-	-	630	-1,269	-1,420	-1,655	2,876	4,472	0	0	0
(Gain) loss on disposition
-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on derivative liability
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Nordic interest rate swaps
-	-	-	-	-	-	-	-	2,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (earnings) loss from non-consolidated entities, net of distributions
-	-	-	-	40,000	36,200	12,400	13,800	3,900	1,800	-3,600	400	15,400	20,739	14,433	11,210	9,600	1,076	6,729	6,457	102	178	-1,666	11,274	19,611	8,313	0	0	0
NCM held-for-sale impairment loss
-	-	-	-	16,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Landlord contributions
106,500	116,500	120,100	120,700	127,600	157,000	162,800	150,400	133,300	124,200	120,100	129,800	125,100	117,376	107,383	114,591	83,300	147,930	103,730	59,821	59,518	0	0	0	-	-	-	-	0
Non-cash rent - purchase accounting
25,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
62,300	65,600	66,300	80,400	101,600	99,000	95,100	82,000	52,900	45,500	41,200	36,800	33,700	29,628	27,280	26,081	24,500	0	0	0	-	-	-	-	-	-	-	-	-
Net periodic benefit cost
1,700	1,900	1,600	1,000	1,100	500	400	700	600	700	600	600	700	489	203	-83	-18,200	-18,943	-19,712	-20,480	-3,418	0	0	0	-	-	-	-	-
Change in assets and liabilities, excluding acquisitions:
Receivables
-700	23,500	50,500	45,900	200	24,000	32,900	20,400	36,600	3,900	16,600	2,900	56,700	2,232	-3,930	10,343	1,400	8,769	12,664	3,284	-308	-2,253	-14,230	-11,845	3,365	10,624	0	0	0
Other assets
-30,900	12,500	-24,900	-17,400	400	-7,200	5,200	-2,600	4,800	32,500	32,400	38,100	29,100	2,705	-2,826	2,223	2,800	4,131	11,123	4,315	4,282	6,816	5,236	8,661	8,915	37,183	0	0	0
Accounts payable
104,800	4,200	-79,300	-55,200	-85,600	-40,000	90,700	-2,500	34,700	22,100	-29,600	33,100	21,500	-5,756	-11,354	18,798	41,300	7,729	14,813	-20,980	-13,692	-2,360	3,326	17,402	64,215	44,339	0	0	0
Accrued expenses and other liabilities
-600	26,600	83,500	48,800	68,500	37,000	5,400	-20,300	-21,400	-3,100	-32,500	15,400	-18,400	-53,623	-68,931	-37,408	-8,700	3,405	3,993	-11,892	-52,603	-39,235	-12,594	-21,877	14,822	19,060	0	0	0
Other, net
7,500	5,100	4,200	2,400	3,400	4,800	24,600	7,400	11,500	3,100	-15,800	-3,500	-4,200	220	-1,182	-2,618	2,200	3,436	5,208	5,802	1,312	2,014	-12,097	-2,514	1,081	1,117	0	0	0
Net cash provided by operating activities
579,000	434,600	379,700	359,200	523,200	606,600	716,100	530,300	537,400	450,000	416,100	581,300	431,700	469,575	408,585	468,837	467,500	387,937	383,969	320,440	297,302	271,267	330,086	319,885	357,342	278,557	0	0	0
Cash flows from investing activities:
Capital expenditures
518,100	549,600	565,100	583,800	576,300	534,000	549,900	572,800	626,800	632,800	599,400	525,300	421,700	374,426	329,943	321,510	333,400	303,340	299,283	284,725	270,734	268,430	271,336	277,072	260,823	248,135	0	0	0
Acquisition of Nordic Cinemas Group, net of cash and restricted cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Acquisition of Rave theatres, net of cash accquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,683	0	0	0
Proceeds from disposition of long-term assets
23,200	21,700	22,000	27,700	14,200	15,500	15,200	23,900	24,100	23,000	23,400	18,500	19,900	0	0	0	-	-	-	-	238	-757	-977	-1,239	3,880	4,736	0	0	0
Investments in non-consolidated entities, net
9,700	9,900	800	22,000	11,400	32,100	21,100	700	11,100	0	0	0	-	-	-	-	-	1,009	654	953	1,522	1,723	1,559	1,315	3,265	4,207	0	0	0
Other, net
-300	1,700	2,500	2,400	2,100	-600	-100	1,300	2,300	8,800	9,100	8,400	6,500	1,942	1,085	-136	1,800	1,770	2,128	-474	-327	1,087	1,231	8,275	7,448	5,997	0	0	0
Net cash used in investing activities
-516,100	-551,300	-357,000	-300,900	-317,200	-264,300	-265,600	-330,600	-959,300	-1,892,500	-2,078,700	-2,023,400	-1,331,500	-540,614	-493,140	-489,622	-509,400	-305,286	-301,232	-284,838	-271,691	-271,997	-275,103	-288,714	-268,784	-339,176	0	0	0
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Net proceeds from equity offering
-	-	-	-	-	-	-	-	616,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings (repayments) under revolving credit facilities
-12,000	0	0	0	-	-	-	-	-	-	-	-	-75,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under Term Loan
21,900	20,400	18,800	13,700	13,800	13,800	13,800	13,900	12,600	11,300	10,100	8,800	8,800	6,587	6,325	6,062	5,800	7,750	7,750	7,750	7,750	7,750	7,749	7,750	7,813	9,878	0	0	0
Payments of Senior Subordinated Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Payments of Stock Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	281	0	0	0	-	-	-	-	-
Principal payment of Loan
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments under capital and financing lease obligations
10,900	26,000	41,200	56,900	71,000	70,100	69,800	68,900	70,700	58,600	43,400	28,400	10,800	8,289	8,174	8,014	7,800	7,608	7,379	7,155	6,941	6,939	6,770	6,607	6,446	5,526	0	0	0
Capital contribution from Wanda
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash used to pay for deferred financing costs
-	-	-	-	-	-	-	-	33,600	94,900	94,600	92,900	65,900	0	0	0	-	-	-	-	7,952	7,529	8,889	16,519	9,126	0	0	0	-
Payment of construction payables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,404	-3,083	0	0	0
Cash used to pay dividends
84,100	84,100	249,300	254,100	258,100	263,300	103,500	104,200	104,600	99,200	92,700	86,000	79,600	78,688	78,699	78,579	78,600	0	0	0	-	-	-	-	-	-	-	-	-
Taxes paid for restricted unit withholdings
1,300	1,300	1,300	1,100	1,700	1,700	1,700	1,700	6,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	21,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-112,900	-112,400	-131,400	-166,300	-194,800	-284,000	-300,300	-244,400	492,300	1,667,000	1,716,700	1,667,100	918,200	19,585	-1,018	-15,655	35,300	-139,884	-138,659	-244,147	-353,864	25,618	44,034	215,794	324,928	90,855	0	0	0
Effect of exchange rate changes on cash and cash equivalents and restricted cash
1,500	-4,600	-17,500	-9,300	-5,500	-5,400	17,300	20,800	17,700	0	0	0	-	-	-	-	-400	-334	-43	72	5	-10	-19	-64	-103	-282	0	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash
-48,500	-233,700	-126,200	-117,300	5,700	52,900	167,500	-23,900	88,100	245,100	66,600	228,500	19,000	-51,633	-86,034	-36,898	-7,000	-57,567	-55,965	-208,473	-328,248	24,878	98,998	246,901	413,383	29,954	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest (including amounts capitalized of $1.0 million, $0.5 million and $0.3 million)
284,500	287,300	286,200	280,700	278,300	240,300	238,200	223,400	226,700	199,000	180,800	121,900	105,400	95,499	101,361	106,111	103,900	112,224	110,886	118,368	113,578	0	0	0	-	-	-	-	0
Income taxes (received) paid, net
-1,700	9,700	9,100	17,500	19,500	11,200	12,800	14,400	10,900	9,700	7,100	4,900	4,700	10,928	10,530	5,595	5,300	-1,834	-1,921	280	1,084	0	0	0	-	-	-	-	0
Schedule of non-cash activities:
Investment in NCM (See Note 6-Investments)
-	1,600	1,300	1,400	-6,300	-6,300	-6,300	-6,300	235,200	0	0	0	-	-	-	-	76,100	6,812	6,812	6,812	2,137	0	0	0	-	-	-	-	-
NCM
Proceeds from disposition of NCM
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-