AMC ENTERTAINMENT HOLDINGS, INC. AMC Income Statement

Amc entertainment holdings, inc. (AMC)

Income statement / Quarterly

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
Revenues
Revenue
1,447,700	1,316,800	1,506,100	1,200,400	1,413,300	1,221,400	1,442,500	1,383,600	1,416,800	1,178,700	1,202,300	1,281,400	926,100	779,800	764,000	766,000	783,857	688,840	821,079	653,124	712,155	633,904	726,573	622,758	712,977	695,984	762,665	577,802	811,492
Operating costs and expenses
Operating expenses, excluding depreciation and amortization below
427,400	419,000	437,400	402,800	417,800	400,500	424,500	411,900	419,200	383,200	389,200	356,400	259,600	211,600	200,000	202,300	207,523	195,505	205,414	187,258	186,413	177,949	189,283	179,693	192,582	182,630	187,219	164,210	230,434
Rent
241,200	238,700	245,900	242,000	204,700	203,700	199,700	189,700	203,500	200,700	199,800	190,400	136,200	121,900	122,800	124,600	118,996	115,861	115,022	117,921	114,176	112,258	113,861	114,944	112,615	111,865	113,542	113,806	143,374
General and administrative:
Merger, acquisition and other costs
4,300	4,700	3,200	3,300	4,200	18,100	4,300	4,700	5,700	5,600	11,500	40,200	32,800	4,900	5,600	4,600	810	751	261	1,578	149	78	572	362	-	-	-	-	3,366
Other, excluding depreciation and amortization below
26,100	37,500	43,200	46,200	43,700	48,400	43,000	44,200	20,100	32,600	46,100	34,400	31,100	19,800	20,600	18,500	16,816	18,706	17,737	4,941	18,543	12,961	15,149	18,220	37,491	26,450	17,034	16,313	29,110
Depreciation and amortization
112,900	112,100	112,000	113,000	139,400	130,200	137,700	130,500	144,800	135,200	133,300	125,300	82,400	63,100	62,300	60,400	59,966	58,008	57,249	57,777	55,467	54,327	51,750	54,777	50,102	48,603	50,370	48,462	71,633
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,149	-	-	-	-	-	-	-	0
Operating costs and expenses
1,404,300	1,296,000	1,400,600	1,234,100	1,326,000	1,243,300	1,352,800	1,273,700	1,346,500	1,182,800	1,221,800	1,226,100	892,900	714,300	708,400	706,700	708,522	653,301	726,906	621,071	651,533	605,390	658,176	605,219	679,201	638,137	684,816	558,260	800,023
Operating income
43,400	20,800	105,500	-33,700	87,300	-21,900	89,700	109,900	70,300	-4,100	-19,500	55,300	33,200	65,500	55,600	59,300	75,335	35,539	94,173	32,053	60,622	28,514	68,397	17,539	33,776	57,847	77,849	19,542	11,469
Other expense (income)
-8,300	1,300	23,400	-29,800	165,600	-54,100	-2,200	-1,200	-400	400	-1,100	2,600	-	-100	100	-	-	-	-9,273	-	53	11	4,157	4,229	-1,231	110	-294	-	49
Corporate borrowings
74,100	73,200	74,200	71,300	74,100	64,300	62,200	61,700	60,000	60,800	59,600	51,200	36,300	24,600	24,900	24,900	23,322	22,682	24,717	26,079	26,528	26,897	27,989	29,658	32,259	32,221	32,310	33,173	45,259
Capital and financing lease obligations
1,600	1,800	2,100	2,100	9,000	9,400	9,800	10,300	10,700	10,600	10,300	10,800	4,400	2,100	2,100	2,200	2,210	2,286	2,331	2,373	2,408	2,448	2,486	2,525	2,350	2,606	2,637	2,671	1,873
Non-cash NCM exhibitor services agreement
10,000	10,100	10,100	10,200	10,300	10,300	10,400	10,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in (earnings) loss of non-consolidated entities
6,400	7,500	10,200	6,500	12,700	70,000	13,000	-9,000	13,900	-1,800	-195,000	-2,300	19,600	12,000	11,900	4,200	15,564	10,850	9,362	1,324	9,315	13,087	9,597	-5,384	9,292	14,323	23,274	546	-2,480
Investment income
-2,700	500	2,100	16,100	-1,200	700	1,500	5,200	1,000	16,600	-600	5,600	600	-200	-200	10,000	1,061	-163	59	5,143	641	-181	-172	7,857	-1,322	69	-282	3,619	-290
Total other expense, net
-90,300	-75,800	-50,700	-90,800	83,700	-67,400	-70,100	-87,500	-56,200	-56,200	-266,600	-56,100	-20,800	-15,000	-15,200	-12,900	-10,334	-14,281	-26,900	-21,985	-19,033	-16,428	-16,893	-25,481	-25,408	-20,545	-11,661	-31,679	-49,951
Earnings (loss) before income taxes
-46,900	-55,000	54,800	-124,500	171,000	-89,300	19,600	22,400	14,100	-60,300	-286,100	-800	12,400	50,500	40,400	46,400	65,001	21,258	67,273	10,068	41,589	12,086	51,504	-7,942	8,368	37,302	66,188	-12,137	-38,482
Income tax provision (benefit)
-33,400	-200	5,400	5,700	400	11,100	-2,600	4,700	290,500	-17,600	-109,600	-9,200	-16,600	20,100	16,400	18,100	23,340	9,080	23,350	3,930	11,770	4,710	20,090	-3,100	-274,243	3,430	4,330	3,100	3,500
Net earnings (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	30,400	24,000	28,300	-	12,178	43,923	-	29,819	7,376	31,414	-4,842	282,611	33,872	61,858	-15,237	-41,982
Earnings (loss) from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-21	334	-2,994	-407	-282	4,979	-688
Net earnings (loss)
-13,500	-54,800	49,400	-130,200	170,600	-100,400	22,200	17,700	-276,400	-42,700	-176,500	8,400	-	-	-	-	-	-	43,923	6,138	29,819	7,376	31,393	-4,508	279,617	33,465	61,576	-10,258	-42,670
Basic earnings per share:
Basic earnings from continuing operations per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.45	-	0.31	0.08	0.32	-0.05	3.62	0.45	0.81	-0.20	-0.56
Basic earnings from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.01	0.00	0.07	-0.01
Basic
-0.14	-0.53	0.48	-1.25	1.42	-0.82	0.17	0.14	-2.19	-0.33	-1.35	0.07	0.29	0.31	0.24	0.29	0.43	0.12	0.45	0.06	0.31	0.08	0.32	-0.05	3.58	0.44	0.81	-0.13	-0.57
Diluted earnings per shares:
Diluted earnings from continuing operations per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.45	-	0.30	0.08	0.32	-0.05	3.62	0.45	0.81	-0.20	-0.56
Diluted earnings from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.01	0.00	0.07	-0.01
Diluted
0.17	-0.53	0.17	-1.25	0.92	-0.82	0.17	0.14	-2.19	-0.33	-1.35	0.07	0.29	0.31	0.24	0.29	0.43	0.12	0.45	0.06	0.30	0.08	0.32	-0.05	3.58	0.44	0.81	-0.13	-0.57
Average shares outstanding:
Basic (in thousands)
103,850	103,850	103,845	103,783	103,273	123,126	128,039	128,046	129,383	131,077	131,166	121,358	100,764	98,194	98,194	98,200	97,977	97,978	97,978	97,919	97,506	97,506	97,507	97,390	78,092	76,000	76,000	76,000	74,988
Diluted (in thousands)
72,167	103,850	135,528	103,783	141,143	123,126	128,105	128,046	129,340	131,077	131,166	121,401	100,693	98,284	98,304	98,207	98,087	98,073	98,037	97,919	97,865	97,628	97,628	97,390	78,092	76,000	76,000	76,000	74,988
Dividends declared per basic and diluted common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.20	0.20	-	0.20	0.20	0.20	0.20	0.20	0.20	0.20	-	0.20	0.20	-	-	-	-	-	-
Admissions
Revenue
877,000	797,300	895,500	731,500	862,300	751,400	896,300	875,000	897,100	753,500	761,400	817,500	588,800	496,800	481,200	482,600	498,662	441,262	533,382	418,694	460,253	417,448	478,667	409,020	482,149	466,988	515,306	382,884	548,632
Operating costs and expenses
434,500	416,800	482,500	365,300	433,500	378,800	471,400	426,500	440,100	364,800	379,800	419,600	305,100	259,100	263,000	262,300	269,506	233,390	295,416	223,088	244,318	220,608	257,220	212,100	258,187	242,006	285,395	191,324	291,561
Food and beverage
Revenue
438,300	420,000	492,500	368,800	435,100	384,800	445,800	405,800	415,300	361,400	374,100	397,600	282,500	248,900	243,600	244,100	242,296	216,764	250,516	200,524	215,309	189,065	211,597	181,764	197,886	201,612	219,477	167,937	229,739
Operating costs and expenses
73,600	67,200	76,400	61,500	68,900	63,600	72,200	66,200	69,500	60,700	62,100	59,800	40,200	33,900	34,100	34,000	33,205	31,080	35,807	28,508	29,318	27,209	30,341	25,123	27,293	26,284	30,550	23,198	30,545
Total other theatre
Revenue
132,400	99,500	118,100	100,100	115,900	85,200	100,400	102,800	104,400	63,800	66,800	66,300	54,800	34,100	39,200	39,300	42,899	30,814	37,181	33,906	36,593	27,391	36,309	31,974	32,942	27,384	27,882	26,981	33,121