$AMCX

AMC Global Media Inc.

CIK:0001514991|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues, net	$ 547,495	$ 600,024	$ 1,089,622	$ 1,155,257
Operating expenses:
Technical and operating (excluding depreciation and amortization)	288,781	283,876	571,961	551,222
Selling, general and administrative	224,698	221,704	426,623	419,679
Depreciation and amortization	16,820	26,446	38,243	47,372
Restructuring and other related charges	1,342	3,529	5,680	8,318
Total operating expenses	531,641	535,555	1,042,507	1,026,591
Operating income	15,854	64,469	47,115	128,666
Other income (expense):
Interest expense	(42,667)	(42,460)	(84,012)	(85,852)
Interest income	3,186	8,205	6,310	16,620
Gain (loss) on extinguishment of debt, net	(3,784)	25,745	(3,784)	25,745
Miscellaneous, net	2,971	12,819	(13,971)	20,707
Total other income (expense)	(40,294)	4,309	(95,457)	(22,780)
Income (loss) from operations before income taxes	(24,440)	68,778	(48,342)	105,886
Income tax (expense) benefit	4,675	(16,072)	11,413	(31,027)
Net income (loss) including noncontrolling interests	(19,765)	52,706	(36,929)	74,859
Less: Net income attributable to noncontrolling interests	(2,178)	(2,417)	(3,884)	(6,521)
Net income (loss) attributable to AMC Global Media's stockholders	$ (21,943)	$ 50,289	$ (40,813)	$ 68,338
Net income (loss) per share attributable to AMC Global Media's stockholders:
Basic (in dollars per share)	$ (0.51)	$ 1.12	$ (0.94)	$ 1.52
Diluted (in dollars per share)	$ (0.51)	$ 0.91	$ (0.94)	$ 1.25
Weighted average common shares:
Basic (in shares)	43,016	44,868	43,320	44,845
Diluted (in shares)	43,016	56,350	43,320	56,482

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$ (36,929)	$ 74,859
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	38,243	47,372
Share-based compensation expenses	13,590	13,800
Non-cash restructuring and other related charges	0	5,320
Amortization of program rights	415,429	409,631
Amortization of deferred carriage fees	5,301	13,771
Unrealized foreign currency transaction (gain) loss	7,886	(14,861)
Amortization of deferred financing costs and discounts on indebtedness	4,243	3,935
(Gain) loss on extinguishment of debt, net	3,784	(25,745)
Deferred income taxes	21,899	(11,156)
Other, net	(3,667)	(6,233)
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	24,932	16,506
Prepaid expenses and other assets	(9,958)	38,407
Program rights and obligations, net	(343,056)	(331,534)
Deferred revenue	2,425	7,567
Accounts payable, accrued liabilities and other liabilities	(19,463)	(30,043)
Net cash provided by operating activities	124,659	211,596
Cash flows from investing activities:
Capital expenditures	(16,577)	(21,670)
Other investing activities, net	(734)	(690)
Net cash used in investing activities	(17,311)	(22,360)
Cash flows from financing activities:
Payments on Term Loan A Facility	(82,890)	(36,250)
Payments for financing costs	(2,000)	(763)
Deemed repurchases of restricted stock units	(7,098)	(4,044)
Purchase of treasury stock	(30,000)	(10,329)
Principal payments on finance lease obligations	(1,853)	(2,439)
Net cash used in financing activities	(138,245)	(126,230)
Net increase (decrease) in cash and cash equivalents from operations	(30,897)	63,006
Effect of exchange rate changes on cash and cash equivalents	(7,486)	18,752
Cash and cash equivalents at beginning of period	502,379	784,649
Cash and cash equivalents at end of period	463,996	866,407
10.25% Senior Secured Notes due January 2029 \| Senior Notes
Adjustments to reconcile net income (loss) to net cash from operating activities:
(Gain) loss on extinguishment of debt, net	700
Cash flows from financing activities:
Tender and redemption	(14,404)	0
4.25% Senior Notes due 2029 \| Senior Notes
Cash flows from financing activities:
Tender and redemption	$ 0	$ (72,405)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 463,996	$ 502,379
Accounts receivable, trade (less allowance for doubtful accounts of $10,163 and $11,523)	547,187	575,263
Prepaid expenses and other current assets	251,162	202,967
Total current assets	1,262,345	1,280,609
Property and equipment, net of accumulated depreciation of $431,300 and $409,991	110,555	115,978
Program rights, net	1,627,782	1,763,084
Intangible assets, net	169,447	184,803
Goodwill	165,190	166,809
Deferred tax assets, net	14,857	17,781
Operating lease right-of-use assets	67,934	72,545
Other assets	309,230	335,272
Total assets	3,727,340	3,936,881
Current Liabilities:
Accounts payable	116,827	94,742
Accrued liabilities	297,657	323,029
Current portion of program rights obligations	226,312	258,252
Deferred revenue	66,063	63,651
Current portion of long-term debt	0	11,068
Current portion of lease obligations	9,979	17,643
Total current liabilities	716,838	768,385
Program rights obligations	155,386	181,773
Long-term debt, net	1,661,026	1,741,225
Lease obligations	78,621	82,263
Deferred tax liabilities, net	127,581	108,164
Other liabilities	41,512	41,322
Total liabilities	2,780,964	2,923,132
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 45,000 shares authorized: none issued	0	0
Paid-in capital	418,442	429,902
Accumulated earnings	2,135,147	2,176,124
Treasury stock, at cost (36,965 and 35,516 shares of Class A Common Stock, respectively)	(1,419,793)	(1,406,027)
Accumulated other comprehensive loss	(223,352)	(218,910)
Total AMC Global Media stockholders' equity	911,226	981,871
Non-redeemable noncontrolling interests	35,150	31,878
Total stockholders' equity	946,376	1,013,749
Total liabilities and stockholders' equity	3,727,340	3,936,881
Class A Common Stock
Stockholders' equity:
Common stock, value	667	667
Class B Common Stock
Stockholders' equity:
Common stock, value	$ 115	$ 115