v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (226.9) $ (459.0)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 190.4 196.1
(Gain) loss on extinguishment of debt (86.7) 96.4
Deferred income taxes 0.4 0.3
Amortization of net premium on corporate borrowings to interest expense (29.2) (32.0)
Amortization of deferred financing costs to interest expense 4.7 6.8
Non-cash portion of stock-based compensation 33.7 25.9
Gain on disposition of Saudi Cinema Company (15.5)  
Equity in loss from non-consolidated entities, net of distributions 0.1 6.7
Landlord contributions 8.3 5.2
Other non-cash rent benefit (18.6) (14.0)
Deferred rent (70.4) (90.7)
Net periodic benefit cost (income) 0.8 (0.2)
Non-cash shareholder litigation expense 115.4  
Change in assets and liabilities:    
Receivables 33.4 46.4
Other assets (29.8) (26.3)
Accounts payable (25.5) (58.4)
Accrued expenses and other liabilities (76.5) (82.7)
Other, net (21.5) 24.0
Net cash used in operating activities (203.3) (371.6)
Cash flows from investing activities:    
Capital expenditures (96.0) (75.2)
Acquisition of theatre assets   (17.8)
Proceeds from disposition of Saudi Cinema Company 30.0  
Proceeds from disposition of long-term assets 6.0 7.2
Proceeds from sale of securities   11.4
Investments in non-consolidated entities, net   (27.9)
Other, net 2.6 (0.6)
Net cash used in investing activities (57.4) (102.9)
Cash flows from financing activities:    
Scheduled principal payments under Term Loan due 2026 (10.0) (10.0)
Net proceeds from AMC Preferred Equity Units issuance 175.7  
Principal payments under finance lease obligations (3.1) (5.4)
Cash used to pay for deferred financing costs (1.9) (19.5)
Cash used to pay dividends   (0.7)
Taxes paid for restricted unit withholdings (14.2) (52.2)
Net cash provided by (used in) financing activities 62.4 (136.0)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 2.1 (21.9)
Net decrease in cash and cash equivalents and restricted cash (196.2) (632.4)
Cash and cash equivalents and restricted cash at beginning of period 654.4 1,620.3
Cash and cash equivalents and restricted cash at end of period 458.2 987.9
Cash paid during the period for:    
Interest 212.0 178.7
Income taxes paid, net 1.8 1.4
Schedule of non-cash activities:    
Investment in NCM   15.1
Construction payables at period end 29.0 30.9
Other third-party AMC Preferred Equity Units issuance costs payable 0.2  
Extinguishment of Second Lien Notes due 2026 in exchange for share issuance 118.6  
First Lien Notes due 2029    
Cash flows from financing activities:    
Proceeds from issuance of notes   950.0
First Lien Notes due 2025    
Cash flows from financing activities:    
Principal payments of notes   (500.0)
Premium paid to extinguish notes   (34.5)
First Lien Notes due 2026    
Cash flows from financing activities:    
Principal payments of notes   (300.0)
Premium paid to extinguish notes   (25.6)
First Lien Toggle Notes due 2026    
Cash flows from financing activities:    
Principal payments of notes   (73.5)
Premium paid to extinguish notes   (14.6)
Second Lien Notes due 2026    
Cash flows from financing activities:    
Repurchase of Senior Subordinated Debt (82.4) (50.0)
5.875% Senior Subordinated Notes due 2026    
Cash flows from financing activities:    
Repurchase of Senior Subordinated Debt (1.7)  
Hycroft    
Adjustments to reconcile net loss to net cash used in operating activities:    
Unrealized loss (gain) on investments Hycroft $ 10.1 $ (16.1)