AMC Networks Files Q3 2024 10-Q
Ticker: AMCX · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 1514991
Sentiment: neutral
Topics: 10-Q, earnings, financials, sec-filing
Related Tickers: AMCX
TL;DR
**AMC Networks Q3 10-Q is IN. Financials and operations detailed for investors.**
AI Summary
AMC Networks Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operational status. Key financial data and disclosures relevant to investors are included in this report.
Why It Matters
This filing provides investors with a detailed look at AMC Networks' financial health and operational performance for the third quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — As a publicly traded company, AMC Networks Inc. is subject to market fluctuations, industry competition, and regulatory changes, all of which present inherent risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the specific date for which financial information is reported.)
- 2024-11-08 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- AMC Networks Inc. (company) — Filer of the 10-Q report
- 2024-09-30 (date) — End of the reporting period
- 2024-11-08 (date) — Filing date of the report
- 11 PENN PLAZA, NEW YORK, NY 10001 (address) — Company's business and mailing address
- (212) 324-8500 (phone_number) — Company's 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 its SIC code [4841].
What is the fiscal year end for AMC Networks Inc.?
The fiscal year end for AMC Networks Inc. is December 31st (1231).
What is the SEC file number for AMC Networks Inc.?
The SEC file number for AMC Networks Inc. is 001-35106.
Where is AMC Networks Inc. incorporated?
AMC Networks Inc. is incorporated in Delaware (DE).
What is the accession number for this 10-Q filing?
The accession number for this 10-Q filing is 0001514991-24-000048.
Filing Stats: 4,579 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2024-11-08 16:01:29
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share AMCX The NASDAQ Stock Market
Filing Documents
- amcx-20240930.htm (10-Q) — 1882KB
- amcx-9302024xex22.htm (EX-22) — 65KB
- amcx-9302024xex311.htm (EX-31.1) — 9KB
- amcx-9302024xex312.htm (EX-31.2) — 9KB
- amcx-9302024xex32.htm (EX-32) — 7KB
- 0001514991-24-000048.txt ( ) — 9764KB
- amcx-20240930.xsd (EX-101.SCH) — 61KB
- amcx-20240930_cal.xml (EX-101.CAL) — 116KB
- amcx-20240930_def.xml (EX-101.DEF) — 359KB
- amcx-20240930_lab.xml (EX-101.LAB) — 673KB
- amcx-20240930_pre.xml (EX-101.PRE) — 516KB
- amcx-20240930_htm.xml (XML) — 1649KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (unaudited)
Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Income 2 Condensed Consolidated Statements of Comprehensive Incom e 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 28
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 46
Controls and Procedures
Item 4. Controls and Procedures 47
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 48
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 48
Exhibits
Item 6. Exhibits 48
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) September 30, 2024 December 31, 2023 ASSETS Current Assets: Cash and cash equivalents $ 816,377 $ 570,576 Accounts receivable, trade (less allowance for doubtful accounts of $ 9,207 and $ 9,488 ) 647,601 664,396 Current portion of program rights, net 9,136 7,880 Prepaid expenses and other current assets 212,599 380,518 Total current assets 1,685,713 1,623,370 Property and equipment, net of accumulated depreciation of $ 449,533 and $ 403,708 135,084 159,237 Program rights, net 1,775,628 1,802,653 Intangible assets, net 226,758 268,558 Goodwill 559,200 626,496 Deferred tax assets, net 13,307 11,456 Operating lease right-of-use assets 64,513 71,163 Other assets 365,206 406,854 Total assets $ 4,825,409 $ 4,969,787 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 88,964 $ 89,469 Accrued liabilities 305,614 385,838 Current portion of program rights obligations 220,210 301,221 Deferred revenue 68,682 65,736 Current portion of long-term debt 7,500 67,500 Current portion of lease obligations 34,523 33,659 Total current liabilities 725,493 943,423 Program rights obligations 152,588 150,943 Long-term debt, net 2,335,061 2,294,249 Lease obligations 69,119 87,240 Deferred tax liabilities, net 152,310 160,383 Other liabilities 57,382 74,306 Total liabilities 3,491,953 3,710,544 Commitments and contingencies Redeemable noncontrolling interests 185,182 185,297 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 377,345 378,