AMC Global Media Inc.

Listed Company

AMCXCIK 0001514991NasdaqAcceleratedSmaller ReportingCable & Other Pay Television ServicesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$2.31B

Net Income

$101.77M

Total Assets

$3.94B

Equity

$981.87M

Shares Out

—

Op. Cash Flow

$305.67M

Business

AMC Networks Inc. is a global entertainment holding company that creates, owns and distributes television and film content through its majority-owned subsidiaries. It offers original scripted and unscripted series, film distribution, and a portfolio of targeted subscription streaming services and linear programming brands, as well as technical broadcasting services. The company operates through two primary segments: Domestic Operations (programming networks, AMC Studios, streaming services and film distribution) and International (AMC Networks International and locally programmed channels). Its content is distributed domestically and internationally via linear networks, direct-to-consumer and third-party subscription and ad-supported streaming platforms, MVPDs, licensing arrangements and home video.

Summary from filing dated 2025-02-14

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
Revenues, net	2,312	2,421	2,712	3,097	3,078
Technical and operating (excluding depreciation and amortization)	1,141	1,133	1,328	1,516	1,432
Selling, general and administrative	818	781	764	897	892
Depreciation and amortization	94	98	107	107	94
Impairment and other charges	98	400	97	41	160
Restructuring and other related charges	27	50	28	449	10
Total operating expenses	2,178	2,461	2,323	3,010	2,588
Operating income (loss)	133	−40	388	87	490
Interest expense	−172	−166	−153	−134	—
Interest income	28	37	37	13	10
Gain (loss) on extinguishment of debt, net	130	−105,000	0	0	−22
Miscellaneous, net	29	−5	23	4	25
Total other income (expense)	15	−135	−92	−117	−116
Income (loss) from operations before income taxes	148	−174	296	−30	374
Income tax expense	−46	−43	−95	41	−94
Net income (loss) including noncontrolling interests	102	−218	201	11	280
Net (income) loss attributable to noncontrolling interests	−12	−9	14	−3	−29
Net income (loss) attributable to AMC Networks' stockholders	89	−227	215	8	—
Basic (in dollars per share)	2.01	−5.1	4.92	0.18	5.92
Diluted (in dollars per share)	1.66	−5.1	4.9	0.17	5.77
Basic (in shares)	44	44	44	43	42
Diluted (in shares)	57	44	44	44	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-11-30	FY 2024 2024-12-31	FY 2024 2024-10-31	FY 2023 2023-12-31
Cash and cash equivalents	502	—	785	—	571
Accounts receivable, trade (less allowance for doubtful accounts of $11,523 and $9,468)	575	—	624	—	664
Prepaid expenses and other current assets	203	—	262	—	388
Total current assets	1,281	—	1,671	—	1,623
Property and equipment, net of accumulated depreciation of $409,991 and $458,396	116	—	143	—	159
Program rights, net	1,763	—	1,714	—	1,803
Intangible assets, net	185	—	216	—	269
Goodwill	167	—	246	—	626
Deferred tax assets, net	18	—	13	—	11
Operating lease right-of-use assets	73	—	58	—	71
Other assets	335	—	300	—	407
Total assets	3,937	—	4,362	—	4,970
Accounts payable	95	—	89	—	89
Accrued liabilities	323	—	291	—	386
Current portion of program rights obligations	258	—	222	—	301
Deferred revenue	64	—	62	—	66
Current portion of long-term debt	11	—	8	—	68
Current portion of lease obligations	18	—	32	—	34
Total current liabilities	768	—	703	—	943
Program rights obligations	182	—	144	—	151
Long-term debt, net	1,741	—	2,329	—	2,294
Lease obligations	82	—	65	—	87
Deferred tax liabilities, net	108	—	121	—	160
Other liabilities	41	—	60	—	74
Total liabilities	2,923	—	3,422	—	3,711
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interests	0	0	56	0	185
Preferred stock, $0.01 par value, 45,000 shares authorized: none issued	0	—	0	—	0
Paid-in capital	430	—	438	—	379
Accumulated earnings	2,176	—	2,092	—	2,321
Treasury stock, at cost (35,516 and 34,094 shares Class A Common Stock, respectively)	−1,406	—	−1,408	—	−1,420
Accumulated other comprehensive loss	−219	—	−267	—	−233
Total AMC Networks stockholders' equity	982	—	856	—	1,048
Non-redeemable noncontrolling interests	32	—	29	—	26
Total stockholders' equity	1,014	—	884	—	1,074
Total liabilities and stockholders' equity	3,937	—	4,362	—	4,970

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
Depreciation and amortization	94	98	107	107	94
Non-cash impairment and other charges	98	400	87	41	17
Share-based compensation expenses related to equity classified awards	25	26	26	30	48
Non-cash restructuring and other related charges	5	44	15	337	4
Amortization and write-offs of program rights	847	889	906	1,008	909
Amortization of deferred carriage fees	21	27	21	34	30
Unrealized foreign currency transaction (gain) loss	−11	5	3	9	−17
Amortization of deferred financing costs and discounts on indebtedness	7	7	8	8	8
Deferred income taxes	−17	−63	50	−51	34
Other, net	−11	−4	−3	−10	−7
Accounts receivable, trade (including amounts due from related parties, net)	51	31	34	70	−56,000
Prepaid expenses and other assets	35	215	103	−34	−184
Program rights and obligations, net	−815	−932	−1,080	−1,347	−1,298
Deferred revenue	2	−4	−61	−64	127
Deferred carriage fees, net	−18	−23	−18	−40	−53
Accounts payable, accrued liabilities and other liabilities	20	−122	−197	72	129
Net cash provided by operating activities	306	376	204	182	143
Capital expenditures	−33	−45	−35	−44	−43
Proceeds from sale of investments	0	0	9	10	95
Other, net	−908,000	4	2	−7	0
Net cash used in investing activities	−34	−40	−24	−39	−27
Proceeds from the issuance of 4.25% Convertible Senior Notes due 2029, net	0	139	0	0	—
Principal payments on Term Loan A Facility	−283	−242	−34	−34	—
Payments for financing costs	−4	−11	−342,000	0	0
Deemed repurchases of restricted stock units	−4	−5	−7	−22	−33
Purchase of treasury stock	−18	0	0	0	0
Principal payments on finance lease obligations	−5	−5	−4	−4	−4
Purchase of noncontrolling interests	−75	−42	−1	−3	0
Distributions to noncontrolling interests	−7	−24	−73	−35	−29
Net cash used in financing activities	−570	−110	−544	−97	−84
Net increase (decrease) in cash and cash equivalents from operations	−299	225	−365	45	33
Effect of exchange rate changes on cash and cash equivalents	17	−11	5	−8	−29

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