AMC ENTERTAINMENT HOLDINGS, INC.

Listed Company

AMCCIK 0001411579NYSELarge AcceleratedServices-Motion Picture TheatersDelawareCHFY ends Dec 31

Period

FY 2025

Revenue

$4.85B

Net Income

$-632.40M

Total Assets

—

Equity

—

Shares Out

612.07M

Op. Cash Flow

$-119.80M

Business

AMC ENTERTAINMENT HOLDINGS, INC. operates as a theatrical exhibition company that owns, leases and operates movie theatres and related venues. It generates revenues from box office admissions, food and beverage sales, premium large-format and dine-in experiences, loyalty and subscription programs, on-screen advertising, online ticketing and ancillary distribution activities. The company reports results through two primary segments: U.S. markets and International markets (substantially managed through Odeon Cinemas Group and related entities). AMC operates a diversified circuit across multiple European countries and the United States and distributes tickets and products through box offices, its website and mobile apps, third-party ticketing vendors and retail channels for branded consumer products.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	4,849	4,637	4,813	3,911	2,528
Operating expense, excluding depreciation and amortization below	1,786	1,679	1,692	1,528	1,142
Rent	887	874	874	886	828
Merger, acquisition and other costs	4	100,000	2	2	14
Other, excluding depreciation and amortization below	230	227	242	208	227
Depreciation and amortization	313	320	365	396	425
Impairment of long-lived assets	44	72	107	133	—
Operating costs and expenses	4,866	4,717	4,887	4,434	3,458
Operating loss	−17	−79	−74	−522	−930
Other expense (income)	112	−156	−77	55	−88
Corporate borrowings	460	402	370	336	415
Finance lease obligations	6	5	4	4	5
Non-cash NCM exhibitor services agreement	65	37	38	38	38
Investment income	−32	−16	−16	15	−9
Total other expense, net	611	271	319	449	350
Loss before income taxes	−628	−351	−393	−971	−1,280
Income tax provision	5	2	3	3	−10
Net loss	−632	−353	−397	−974	−1,269
Basic (in dollars per share)	−1.34	−1.06	−2.37	−9.29	−13.29
Diluted (in dollars per share)	−1.34	−1.06	−2.37	−9.29	−13.29
Basic (Shares in thousands)	473	333	168	105	95
Diluted (Shares in thousands)	473	333	168	105	95

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	429	632	884	632	1,593
Restricted cash	49	49	27	23	28
Receivables, net	156	168	204	167	169
Other current assets	97	98	88	81	82
Total current assets	731	947	1,203	902	1,870
Property, net	1,374	1,442	1,560	1,719	1,963
Operating lease right-of-use assets, net	3,137	3,220	3,545	3,803	4,156
Intangible assets, net	147	144	147	147	153
Goodwill	2,416	2,301	2,359	2,342	2,430
Other long-term assets	212	193	196	222	249
Total assets	8,018	8,248	9,009	9,136	10,822
Accounts payable	383	378	321	331	377
Accrued expenses and other liabilities	338	341	351	364	368
Deferred revenues and income	466	432	422	403	409
Current maturities of corporate borrowings	20	64	25	20	20
Current maturities of finance lease liabilities	6	4	5	6	10
Current maturities of operating lease liabilities	560	525	509	567	605
Total current liabilities	1,772	1,745	1,632	1,690	1,788
Corporate borrowings	4,019	4,011	4,552	5,121	5,408
Finance lease liabilities	47	45	50	53	63
Operating lease liabilities	3,485	3,628	4,001	4,253	4,645
Exhibitor services agreement	459	464	487	506	510
Deferred tax liability, net	36	34	32	32	31
Other long-term liabilities	95	82	103	105	165
Total liabilities	9,913	10,008	10,857	11,760	12,611
Commitments and contingencies	—	—	—	—	—
Preferred stock, $.01 par value per share, 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025, and December 31, 2024	—	—	—	100,000	100,000
Class A common stock ($.01 par value, 1,100,000,000 shares authorized; 512,943,561 shares issued and outstanding as of December 31, 2025; 550,000,000 authorized; 414,417,797 shares issued and outstanding as of December 31, 2024)	5	4	3	500,000	5
Additional paid-in capital	7,122	6,714	6,222	5,050	4,857
Accumulated other comprehensive loss	−42	−132	−78	−77	−28
Accumulated deficit	−8,979	−8,347	−7,994	−7,598	−6,624
Total stockholders' deficit	−1,895	−1,761	−1,848	−2,625	−1,790
Total liabilities and stockholders' deficit	8,018	8,248	9,009	9,136	10,822

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loss (gain) on extinguishment of debt	196	−39	−143	93	14
Gain on derivatives	−37	−76	—	—	—
Deferred income taxes	2	2	700,000	2	−8
Loss (gain) on investments in Hycroft	−34	3	13	6	—
Impairment of equity investments recorded in investment income	10	—	1	—	—
Amortization of net discount (premium) on corporate borrowings to interest expense	15	−18	−56	−65	−4
Amortization of deferred financing costs to interest expense	11	8	10	13	23
PIK interest expense	44	15	—	—	116
Non-cash portion of stock-based compensation	17	22	43	23	43
Gain on disposition of Saudi Cinema Company	—	—	−16	—	—
Equity in earnings from non-consolidated entities, net of distributions	−200,000	−2	−200,000	8	1
Lease incentives	46	32	24	20	22
Non-cash rent benefit	−109	−106	−159	—	—
Net periodic benefit cost	1	2	1	−600,000	−900,000
Non-cash shareholder litigation expense	—	—	99	—	—
Receivables	13	37	−46	4	−83
Other assets	5	−11	−7	2	−6
Accounts payable	−8	60	−700,000	−40	64
Accrued expenses and other liabilities	11	−14	−27	−39	164
Other, net	−26	−6	−29	−11	−30
Net cash used in operating activities	−120	−51	−215	−629	−614
Capital expenditures	−246	−246	−226	−202	−92
Acquisition of theatre assets	—	—	−4	−18	—
Proceeds from disposition of long-term assets	3	500,000	17	11	8
Investment in non-consolidated entities	−4	—	—	−28	−9
Other, net	2	2	3	−600,000	−400,000
Net cash used in investing activities	−222	−243	−180	−224	−68
Net proceeds from equity issuances	170	255	833	220	—
Principal payments under finance lease obligations	−4	−5	−6	−9	−9
Scheduled principal payments under Term Loan borrowings	−20	−20	−20	−20	−20
Cash used to pay deferred financing costs	−41	−47	−2	−26	−20
Debt extinguishment costs	−2	−4	—	—	—
Taxes paid for restricted unit withholdings	−4	−2	−14	−52	19
Net cash provided by financing activities	125	68	649	−91	1,991
Effect of exchange rate changes on cash and cash equivalents and restricted cash	13	−5	3	−22	−10
Net increase (decrease) in cash and cash equivalents and restricted cash	−204	−231	257	−966	1,299
Interest	407	402	421	379	275
Income taxes paid, net	3	700,000	4	800,000	−7
Other third-party equity issuance costs payable	—	1	100,000	3	—
Deferred financing costs payable	5	200,000	—	—	—

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