AMC ENTERTAINMENT INC | 2013 | FY | 3


 

Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)
39 Weeks Ended
December 29, 2011

(Predecessor)

Cash flows from operating activities:

Net loss

$ (82,715 )

Adjustment to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

156,914

Impairment of RealD Inc. investment

17,751

Theatre and other closure expense

5,687

Loss on dispositions

1,444

Stock-based compensation

1,471

Equity in earnings from non-consolidated entities, net of distributions

18,731

Change in assets and liabilities

Receivables

(46,862 )

Other assets

(1,958 )

Accounts payable

38,266

Accrued expenses and other liabilities

36,078

Other, net

(7,550 )

Net cash provided by operating activities

137,257

Cash flows from investing activities:

Capital expenditures

(85,083 )

Investments in non-consolidated entities, net

(23,835 )

Other, net

944

Net cash used in investing activities

(107,974 )

Cash flows from financing activities:

Principal payments under Term Loan

(3,250 )

Principal payments under capital and financing lease obligations

(2,645 )

Deferred financing costs

(667 )

Change in construction payables

(1,298 )

Dividends paid to Holdings

(109,581 )

Net cash used in financing activities

(117,441 )

Effect of exchange rate changes on cash and equivalents

520

Net increase in cash and equivalents

(87,638 )

Cash and equivalents at beginning of period

301,158

Cash and equivalents at end of period

$ 213,520

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

Cash paid during the period for:

Interest

$ 138,849

Income taxes, net

802

amc:ScheduleOfConsolidatedCashFlowStatementTableTextBlock

(In thousands)
(Unaudited)
39 Weeks Ended
December 29, 2011

(Predecessor)

Revenues

Admissions

$ 1,295,469

Food and beverage

518,081

Other theatre

71,984

Total revenues

1,885,534

Operating costs and expenses

Film exhibition costs

694,863

Food and beverage costs

70,961

Operating expense

525,431

Rent

334,607

General and administrative:

Merger, acquisition and transaction costs

1,179

Management fee

3,750

Other

36,065

Depreciation and amortization

155,970

Operating costs and expenses

1,822,826

Operating income

62,708

Other expense (income)

Other expense

377

Interest expense:

Corporate borrowings

120,265

Capital and financing lease obligations

4,480

Equity in earnings of non-consolidated entities

(1,864 )

Investment expense

17,666

Total other expense

140,924

Loss from continuing operations before income taxes

(78,216 )

Income tax provision

1,510

Loss from continuing operations

(79,726 )

Loss from discontinued operations, net of income taxes

(2,989 )

Net loss

$ (82,715 )

Consolidated Statement of Comprehensive Loss

Net loss

$ (82,715 )

Foreign currency translation adjustment, net of tax

4,837

Pension and other benefit adjustments:

Amortization of net loss included in net periodic benefit costs, net of tax

4

Amortization or prior service credit included in net periodic benefit costs, net of tax

(668 )

Unrealized loss on marketable securities:

Unrealized holding loss arising during the period, net of tax

(23,791 )

Less: reclassification adjustment for loss included in investment expense, net of tax

17,724

Other comprehensive loss

(1,894 )

Total comprehensive loss

$ (84,609 )

amc:ScheduleOfConsolidatedIncomeStatementAndStatementOfComprehensiveIncomeLossTableTextBlock

 

(In thousands)
12 Months
Ended
December 31,
2013
From Inception
August 31,
2012 Through
December 31,
2012

March 30,
2012 through
August 30,
2012
52 Weeks
Ended
March 29,
2012

(Successor)
(Successor)

(Predecessor)
(Predecessor)






Impairment of long-lived assets

$ $ $ $ 285

Equity in (earnings) losses of non-consolidated entities

2,742

Investment expense (income)

1,370 17,751

Total impairment losses

$ 1,370 $ $ $ 20,778

amc:ScheduleOfImpairmentLossesTableTextBlock

 

(In thousands)
12 Months
Ended
December 31,
2013
From Inception
August 31,
2012 Through
December 31,
2012

March 30,
2012 through
August 30,
2012
52 Weeks
Ended
March 29,
2012

(Successor)
(Successor)

(Predecessor)
(Predecessor)






(Gain) loss on redemption and modification of Senior Secured Credit Facility

$ (130 ) $ $ $ 383

Loss on redemption of 8% Senior Subordinated Notes due 2014

1,297 640

Business interruption insurance recoveries

(1,285 ) (337 ) (12 )

Other expense (income)

49 391

Other expense (income)

$ (1,415 ) $ 49 $ 960 $ 1,402

us-gaap:ScheduleOfOtherNonoperatingExpenseByComponentTextBlock