AMC Entertainment Holdings, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: AMC · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: AMC, 10-Q, Financials, Equity, SEC Filing
TL;DR
<b>AMC Entertainment Holdings, Inc. has filed its Q1 2024 10-Q report detailing financial positions and equity structures.</b>
AI Summary
AMC ENTERTAINMENT HOLDINGS, INC. (AMC) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. AMC Entertainment Holdings, Inc. filed its quarterly report (10-Q) on May 8, 2024, for the period ending March 31, 2024. The filing includes financial data for Q1 2024 and comparative periods. Key financial statement items such as Retained Earnings and Additional Paid-In Capital are detailed as of March 31, 2024, December 31, 2023, and March 31, 2023. The report references various equity instruments including Common Stock, Preferred Stock, AMC Preferred Equity Units, and Series Convertible Participating Preferred Stock. The company's business address is located at One AMC Way, 11500 Ash Street, Leawood, KS 66211, with a phone number of 913-213-2000.
Why It Matters
For investors and stakeholders tracking AMC ENTERTAINMENT HOLDINGS, INC., this filing contains several important signals. This filing provides investors with the latest financial performance and balance sheet details for AMC Entertainment Holdings, Inc., crucial for understanding the company's current financial health and strategic positioning. The detailed breakdown of equity instruments and capital accounts offers insight into the company's capital structure and potential future dilution or financing activities.
Risk Assessment
Risk Level: medium — AMC ENTERTAINMENT HOLDINGS, INC. shows moderate risk based on this filing. The company's financial filings often contain complex equity structures and debt instruments, requiring careful analysis to assess financial health and potential risks.
Analyst Insight
Investors should review the detailed financial statements and notes within the 10-Q to understand AMC's current liquidity, debt levels, and equity structure.
Key Numbers
- 2024-03-31 — Period End Date (10-Q Filing)
- 2024-05-08 — Filing Date (10-Q Filing)
- 263411000 — Value 1 (Financial Data)
- 137395000 — Value 2 (Financial Data)
- 263604984 — Value 3 (Financial Data)
- 260574392 — Value 4 (Financial Data)
- 0.1 — Ratio 1 (Financial Data)
- 0.1333 — Ratio 2 (Financial Data)
Key Players & Entities
- AMC ENTERTAINMENT HOLDINGS, INC. (company) — Filer
- 2024-03-31 (date) — Period of Report
- 2024-05-08 (date) — Filing Date
- LEAWOOD (location) — City
- KS (location) — State
- 913-213-2000 (phone) — Business Phone
- Hycroft Mining Holding Corporation (company) — Investment Income Reference
- Antara Capital Lp (company) — Entity Reference
FAQ
When did AMC ENTERTAINMENT HOLDINGS, INC. file this 10-Q?
AMC ENTERTAINMENT HOLDINGS, INC. filed this Quarterly Report (10-Q) with the SEC on May 8, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by AMC ENTERTAINMENT HOLDINGS, INC. (AMC).
Where can I read the original 10-Q filing from AMC ENTERTAINMENT HOLDINGS, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMC ENTERTAINMENT HOLDINGS, INC..
What are the key takeaways from AMC ENTERTAINMENT HOLDINGS, INC.'s 10-Q?
AMC ENTERTAINMENT HOLDINGS, INC. filed this 10-Q on May 8, 2024. Key takeaways: AMC Entertainment Holdings, Inc. filed its quarterly report (10-Q) on May 8, 2024, for the period ending March 31, 2024.. The filing includes financial data for Q1 2024 and comparative periods.. Key financial statement items such as Retained Earnings and Additional Paid-In Capital are detailed as of March 31, 2024, December 31, 2023, and March 31, 2023..
Is AMC ENTERTAINMENT HOLDINGS, INC. a risky investment based on this filing?
Based on this 10-Q, AMC ENTERTAINMENT HOLDINGS, INC. presents a moderate-risk profile. The company's financial filings often contain complex equity structures and debt instruments, requiring careful analysis to assess financial health and potential risks.
What should investors do after reading AMC ENTERTAINMENT HOLDINGS, INC.'s 10-Q?
Investors should review the detailed financial statements and notes within the 10-Q to understand AMC's current liquidity, debt levels, and equity structure. The overall sentiment from this filing is neutral.
Key Dates
- 2024-03-31: Quarter End Date — Reporting period for the 10-Q filing.
- 2024-05-08: Filing Date — Date the 10-Q was officially submitted to the SEC.
Filing Stats: 4,496 words · 18 min read · ~15 pages · Grade level 8.4 · Accepted 2024-05-08 16:35:10
Filing Documents
- amc-20240331x10q.htm (10-Q) — 2325KB
- amc-20240331xex31d1.htm (EX-31.1) — 13KB
- amc-20240331xex31d2.htm (EX-31.2) — 13KB
- amc-20240331xex32d1.htm (EX-32.1) — 8KB
- 0001411579-24-000034.txt ( ) — 11676KB
- amc-20240331.xsd (EX-101.SCH) — 79KB
- amc-20240331_cal.xml (EX-101.CAL) — 82KB
- amc-20240331_def.xml (EX-101.DEF) — 436KB
- amc-20240331_lab.xml (EX-101.LAB) — 664KB
- amc-20240331_pre.xml (EX-101.PRE) — 536KB
- amc-20240331x10q_htm.xml (XML) — 2432KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Loss 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 50 Item 4.
Controls and Procedures
Controls and Procedures 52
—OTHER INFORMATION
PART II—OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 52 Item 1A.
Risk Factors
Risk Factors 52 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54 Item 3. Defaults Upon Senior Securities 54 Item 4. Mine Safety Disclosures 54 Item 5. Other Information 54 Item 6. Exhibits 55 Signature 56 2 Table of Contents
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements. (Unaudited)
Item 1. Financial Statements. (Unaudited) AMC ENTERTAINMENT HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended (In millions, except share and per share amounts) March 31, 2024 March 31, 2023 (unaudited) Revenues Admissions $ 530.5 $ 534.1 Food and beverage 321.2 328.7 Other theatre 99.7 91.6 Total revenues 951.4 954.4 Operating costs and expenses Film exhibition costs 239.3 246.2 Food and beverage costs 63.0 61.4 Operating expense, excluding depreciation and amortization below 393.8 383.2 Rent 224.5 205.7 General and administrative: Merger, acquisition and other costs ( 0.1 ) 0.2 Other, excluding depreciation and amortization below 57.7 72.3 Depreciation and amortization 81.6 93.6 Operating costs and expenses 1,059.8 1,062.6 Operating loss ( 108.4 ) ( 108.2 ) Other expense, net: Other expense (income) ( 42.8 ) 37.8 Interest expense: Corporate borrowings 91.0 90.7 Finance lease obligations 0.9 0.9 Non-cash NCM exhibitor services agreement 9.3 9.5 Investment income ( 5.1 ) ( 13.5 ) Total other expense, net 53.3 125.4 Net loss before income taxes ( 161.7 ) ( 233.6 ) Income tax provision 1.8 1.9 Net loss $ ( 163.5 ) $ ( 235.5 ) Net loss per share: Basic and diluted $ ( 0.62 ) $ ( 1.71 ) Average shares outstanding: Basic and diluted (in thousands) 263,411 137,395 See Notes to Condensed Consolidated Financial Statements. 3 Table of Contents AMC ENTERTAINMENT HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS Three Months Ended (In millions) March 31, 2024 March 31, 2023 (unaudited) Net loss $ ( 163.5 ) $ ( 235.5 ) Other comprehensive loss: Unrealized foreign currency translation adjustments ( 35.8 ) ( 7.2 ) Pension adjustments: Net loss (gain) arising during the period 0.4 ( 0.1 ) Other comprehensive loss ( 35.4 ) ( 7.3 ) Total comprehensive loss $ (