AMC ENTERTAINMENT HOLDINGS, INC. Goodwill & Intangibles Disclosure
NOTE 5—GOODWILL AND INTANGIBLE ASSETS
The following table summarizes the changes in goodwill by reporting unit:
U.S. | International | Consolidated Goodwill | |||||||||||||||||||||||||
(In millions) | Gross Carrying Amount | Accumulated Impairment Losses | Net Carrying Amount | Gross Carrying Amount | Accumulated Impairment Losses | Net Carrying Amount | Gross Carrying Amount | Accumulated Impairment Losses | Net Carrying Amount | ||||||||||||||||||
Balance December 31, 2023 | $ | 3,072.6 | $ | (1,276.1) | $ | 1,796.5 | $ | 1,589.5 | $ | (1,027.3) | $ | 562.2 | $ | 4,662.1 | $ | (2,303.4) | $ | 2,358.7 | |||||||||
Currency translation adjustment | — | — | — | (72.5) | 14.9 | (57.6) | (72.5) | 14.9 | (57.6) | ||||||||||||||||||
Balance December 31, 2024 | $ | 3,072.6 | $ | (1,276.1) | $ | 1,796.5 | $ | 1,517.0 | $ | (1,012.4) | $ | 504.6 | $ | 4,589.6 | $ | (2,288.5) | $ | 2,301.1 | |||||||||
Currency translation adjustment | — | — | — | 188.2 | (73.2) | 115.0 | 188.2 | (73.2) | 115.0 | ||||||||||||||||||
Balance December 31, 2025 | $ | 3,072.6 | $ | (1,276.1) | $ | 1,796.5 | $ | 1,705.2 | $ | (1,085.6) | $ | 619.6 | $ | 4,777.8 | $ | (2,361.7) | $ | 2,416.1 | |||||||||
Detail of non-amortizing intangible assets is presented below:
(In millions) | December 31, 2025 | December 31, 2024 | ||||
Non-amortizing intangible assets: | ||||||
AMC trademark | $ | 104.4 | $ | 104.4 | ||
Odeon trade names | 39.5 | 36.0 | ||||
Nordic trade names | 2.9 | 2.5 | ||||
Total non-amortizing intangible assets | $ | 146.8 | $ | 142.9 | ||
Amortizing intangible assets had carrying values of $0.6 million and $1.4 million as of December 31, 2025 and December 31, 2024, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 8, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.