AMC Networks Files Q2 2024 10-Q
Ticker: AMCX · Form: 10-Q · Filed: Aug 9, 2024 · CIK: 1514991
Sentiment: neutral
Topics: 10-Q, financials, sec-filing
Related Tickers: AMC
TL;DR
AMC Networks dropped its Q2 10-Q. Check financials.
AI Summary
AMC Networks Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and operational status. Key financial data and disclosures are presented, reflecting the company's activities during the second quarter of 2024.
Why It Matters
This filing provides investors and analysts with the official financial and operational details of AMC Networks for the second quarter of 2024, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details within can reveal significant risks or opportunities.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
- 20240809 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- AMC Networks Inc. (company) — Filer
- 20240630 (date) — Reporting Period End Date
- 20240809 (date) — Filing Date
- 11 PENN PLAZA, NEW YORK, NY 10001 (address) — Business and Mail Address
- (212) 324-8500 (phone_number) — Business Phone Number
FAQ
What is the primary business of AMC Networks Inc. according to the filing?
AMC Networks Inc. operates in the CABLE & OTHER PAY TELEVISION SERVICES industry, as indicated by SIC code 4841.
What is the fiscal year end for AMC Networks Inc.?
The fiscal year end for AMC Networks Inc. is December 31 (1231).
What is the SEC file number for AMC Networks Inc.?
The SEC file number for AMC Networks Inc. is 001-35106.
What is the central index key (CIK) for AMC Networks Inc.?
The central index key (CIK) for AMC Networks Inc. is 0001514991.
What is the state of incorporation for AMC Networks Inc.?
AMC Networks Inc. is incorporated in Delaware (DE).
Filing Stats: 4,643 words · 19 min read · ~15 pages · Grade level 16.4 · Accepted 2024-08-09 16:01:20
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share AMCX The NASDAQ Stock Market
Filing Documents
- amcx-20240630.htm (10-Q) — 1894KB
- amcx-6302024xex105.htm (EX-10.5) — 116KB
- amcx-6302024xex22.htm (EX-22) — 65KB
- amcx-6302024xex311.htm (EX-31.1) — 9KB
- amcx-6302024xex312.htm (EX-31.2) — 9KB
- amcx-6302024xex32.htm (EX-32) — 7KB
- image_0.jpg (GRAPHIC) — 16KB
- 0001514991-24-000034.txt ( ) — 9796KB
- amcx-20240630.xsd (EX-101.SCH) — 62KB
- amcx-20240630_cal.xml (EX-101.CAL) — 116KB
- amcx-20240630_def.xml (EX-101.DEF) — 345KB
- amcx-20240630_lab.xml (EX-101.LAB) — 657KB
- amcx-20240630_pre.xml (EX-101.PRE) — 502KB
- amcx-20240630_htm.xml (XML) — 1647KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Income (Loss) 2 Condensed Consolidated Statements of Comprehensive Incom e ( L oss) 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 47
Controls and Procedures
Item 4. Controls and Procedures 48
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 49
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49
Exhibits
Item 6. Exhibits 49
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. AMC NETWORKS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) (unaudited) June 30, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 802,553 $ 570,576 Accounts receivable, trade (less allowance for doubtful accounts of $ 9,329 and $ 9,488 ) 643,278 664,396 Current portion of program rights, net 7,089 7,880 Prepaid expenses and other current assets 264,848 380,518 Total current assets 1,717,768 1,623,370 Property and equipment, net of accumulated depreciation of $ 434,044 and $ 403,708 141,803 159,237 Program rights, net 1,790,978 1,802,653 Intangible assets, net 233,371 268,558 Goodwill 553,775 626,496 Deferred tax assets, net 12,522 11,456 Operating lease right-of-use assets 63,658 71,163 Other assets 358,845 406,854 Total assets $ 4,872,720 $ 4,969,787 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 109,672 $ 89,469 Accrued liabilities 319,112 385,838 Current portion of program rights obligations 257,232 301,221 Deferred revenue 57,768 65,736 Current portion of long-term debt 32,500 67,500 Current portion of lease obligations 31,461 33,659 Total current liabilities 807,745 943,423 Program rights obligations 165,177 150,943 Long-term debt, net 2,351,356 2,294,249 Lease obligations 74,983 87,240 Deferred tax liabilities, net 156,017 160,383 Other liabilities 55,285 74,306 Total liabilities 3,610,563 3,710,544 Commitments and contingencies Redeemable noncontrolling interests 180,065 185,297 Stockholders' equity: Class A Common Stock, $ 0.01 par value, 360,000 shares authorized, 66,730 and 66,670 shares issued and 32,614 and 32,077 shares outstanding, respectively 667 667 Class B Common Stock, $ 0.01 par value, 90,000 shares authorized, 11,484 shares issued and outstanding 115 115 Preferred stock, $ 0.01 par value, 45,000 shares authorized; none issued — — Paid-in capital 374,353 378,877