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10-Q Filing

AMC NETWORKS INC. CIK: 1514991 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001514991-18-000010
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance amcx-20180331.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Accounts receivable, trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $9.69M USD Point-in-time
Accounts receivable, trade, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $9.69M USD Point-in-time
Property and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $271.44M USD Point-in-time
Property and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $259.92M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $481.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $558.78M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $529.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $403.65M USD Point-in-time
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts of $9,687 and $9,691) AccountsReceivableNetCurrent $793.27M USD Point-in-time
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts of $9,687 and $9,691) AccountsReceivableNetCurrent $775.89M USD Point-in-time
Current portion of program rights, net ProgramRightsNetCurrent $453.45M USD Point-in-time
Current portion of program rights, net ProgramRightsNetCurrent $464.92M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $91.73M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $102.06M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $1.88B USD Point-in-time
Total current assets AssetsCurrent $1.89B USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 45.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 45.00M shares Point-in-time
Property and equipment, net of accumulated depreciation of $271,443 and $259,919 PropertyPlantAndEquipmentNet $183.51M USD Point-in-time
Property and equipment, net of accumulated depreciation of $271,443 and $259,919 PropertyPlantAndEquipmentNet $185.44M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Program rights, net ProgramRightsNetNoncurrent $1.28B USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Program rights, net ProgramRightsNetNoncurrent $1.32B USD Point-in-time
Deferred carriage fees, net OtherDeferredCostsNet $29.92M USD Point-in-time
Deferred carriage fees, net OtherDeferredCostsNet $27.17M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $457.24M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $452.39M USD Point-in-time
Goodwill Goodwill $695.16M USD Point-in-time
Goodwill Goodwill $707.65M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNetNoncurrent $20.08M USD Point-in-time
Deferred tax asset, net DeferredTaxAssetsLiabilitiesNetNoncurrent $21.73M USD Point-in-time
Other assets OtherAssetsNoncurrent $549.93M USD Point-in-time
Other assets OtherAssetsNoncurrent $447.94M USD Point-in-time
Total assets Assets $5.11B USD Point-in-time
Total assets Assets $5.03B USD Point-in-time
Accounts payable AccountsPayableCurrent $102.20M USD Point-in-time
Accounts payable AccountsPayableCurrent $96.82M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $235.30M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $263.08M USD Point-in-time
Current portion of program rights obligations ProgramRightsObligationsCurrent $327.55M USD Point-in-time
Current portion of program rights obligations ProgramRightsObligationsCurrent $326.86M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $51.92M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $46.43M USD Point-in-time
Current portion of capital lease obligations CapitalLeaseObligationsCurrent $4.85M USD Point-in-time
Current portion of capital lease obligations CapitalLeaseObligationsCurrent $4.77M USD Point-in-time
Total current liabilities LiabilitiesCurrent $744.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $715.67M USD Point-in-time
Program rights obligations ProgramRightsObligationsNoncurrent $491.53M USD Point-in-time
Program rights obligations ProgramRightsObligationsNoncurrent $534.98M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.10B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.10B USD Point-in-time
Capital lease obligations CapitalLeaseObligationsNoncurrent $26.28M USD Point-in-time
Capital lease obligations CapitalLeaseObligationsNoncurrent $25.23M USD Point-in-time
Deferred tax liability, net DeferredTaxLiabilitiesNoncurrent $109.70M USD Point-in-time
Deferred tax liability, net DeferredTaxLiabilitiesNoncurrent $145.16M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $136.12M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $153.17M USD Point-in-time
Total liabilities Liabilities $4.63B USD Point-in-time
Total liabilities Liabilities $4.65B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $220.37M USD Point-in-time
Redeemable noncontrolling interests RedeemableNoncontrollingInterestEquityCarryingAmount $218.60M USD Point-in-time
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $182.28M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $191.30M USD Point-in-time
Accumulated earnings RetainedEarningsAccumulatedDeficit $936.38M USD Point-in-time
Accumulated earnings RetainedEarningsAccumulatedDeficit $766.73M USD Point-in-time
Treasury stock, at cost (14,767 and 13,120 shares Class A Common Stock, respectively) TreasuryStockValue $793.08M USD Point-in-time
Treasury stock, at cost (14,767 and 13,120 shares Class A Common Stock, respectively) TreasuryStockValue $709.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-114.39M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-95.58M USD Point-in-time
Total AMC Networks stockholders' equity StockholdersEquity $230.74M USD Point-in-time
Total AMC Networks stockholders' equity StockholdersEquity $134.94M USD Point-in-time
Non-redeemable noncontrolling interests MinorityInterest $29.00M USD Point-in-time
Non-redeemable noncontrolling interests MinorityInterest $30.37M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $163.94M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $261.11M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $5.03B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $5.11B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Revenues, Net From Related Parties RevenueFromRelatedParties $1.60M USD 1 Quarter
Revenues, net (including revenues, net from related parties of $1,627 and $1,567, respectively) SalesRevenueNet $720.19M USD 1 Quarter
Revenues, Net From Related Parties RevenueFromRelatedParties $1.60M USD 1 Quarter
Revenues, net (including revenues, net from related parties of $1,627 and $1,567, respectively) SalesRevenueNet $740.82M USD 1 Quarter
Related Party Transaction, Selling, General and Administrative Expenses RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty $500.00K USD 1 Quarter
Related Party Transaction, Selling, General and Administrative Expenses RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty $600.00K USD 1 Quarter
Technical and operating (excluding depreciation and amortization) CostOfRevenue $320.37M USD 1 Quarter
Technical and operating (excluding depreciation and amortization) CostOfRevenue $298.61M USD 1 Quarter
Selling, general and administrative (including charges from related parties of $462 and $575, respectively) SellingGeneralAndAdministrativeExpense $166.45M USD 1 Quarter
Selling, general and administrative (including charges from related parties of $462 and $575, respectively) SellingGeneralAndAdministrativeExpense $163.71M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $23.49M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $20.35M USD 1 Quarter
Restructuring expense RestructuringCharges $2.70M USD 1 Quarter
Restructuring expense RestructuringCharges - USD 1 Quarter
Total operating expenses CostsAndExpenses $488.52M USD 1 Quarter
Total operating expenses CostsAndExpenses $507.17M USD 1 Quarter
Operating income OperatingIncomeLoss $231.67M USD 1 Quarter
Operating income OperatingIncomeLoss $233.66M USD 1 Quarter
Interest expense InterestExpense $38.20M USD 1 Quarter
Interest expense InterestExpense $30.50M USD 1 Quarter
Interest income InvestmentIncomeInterest $5.02M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.49M USD 1 Quarter
Miscellaneous, net OtherNonoperatingIncomeExpense $11.05M USD 1 Quarter
Miscellaneous, net OtherNonoperatingIncomeExpense $16.95M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-16.24M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-15.96M USD 1 Quarter
Income from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $217.41M USD 1 Quarter
Income from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $215.71M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $56.88M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $73.08M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $142.63M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $160.54M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $6.41M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.67M USD 1 Quarter
Net income attributable to AMC Networks' stockholders NetIncomeLoss $136.22M USD 1 Quarter
Net income attributable to AMC Networks' stockholders NetIncomeLoss $156.87M USD 1 Quarter
Basic EarningsPerShareBasic $2.57 USD 1 Quarter
Basic EarningsPerShareBasic $2.00 USD 1 Quarter
Diluted EarningsPerShareDiluted $2.54 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.98 USD 1 Quarter
Basic weighted average common shares WeightedAverageNumberOfSharesOutstandingBasic 60.97M shares 1 Quarter
Basic weighted average common shares WeightedAverageNumberOfSharesOutstandingBasic 68.02M shares 1 Quarter
Diluted weighted average common shares WeightedAverageNumberOfDilutedSharesOutstanding 68.76M shares 1 Quarter
Diluted weighted average common shares WeightedAverageNumberOfDilutedSharesOutstanding 61.72M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $160.54M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $142.63M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.49M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $20.35M USD 1 Quarter
Share-based compensation expense related to equity classified awards ShareBasedCompensation $15.32M USD 1 Quarter
Share-based compensation expense related to equity classified awards ShareBasedCompensation $12.46M USD 1 Quarter
Amortization and write-off of program rights ProgramRightsAmortizationAndWriteOffs $218.63M USD 1 Quarter
Amortization and write-off of program rights ProgramRightsAmortizationAndWriteOffs $199.52M USD 1 Quarter
Amortization of deferred carriage fees OtherAmortizationOfDeferredCharges $4.40M USD 1 Quarter
Amortization of deferred carriage fees OtherAmortizationOfDeferredCharges $4.40M USD 1 Quarter
Unrealized foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $4.58M USD 1 Quarter
Unrealized foreign currency transaction gain ForeignCurrencyTransactionGainLossUnrealized $754.00K USD 1 Quarter
Unrealized gain on derivative contracts, net UnrealizedGainLossOnSecurities $13.98M USD 1 Quarter
Unrealized gain on derivative contracts, net UnrealizedGainLossOnSecurities $11.49M USD 1 Quarter
Amortization of deferred financing costs and discounts on indebtedness AmortizationOfFinancingCostsAndDiscounts $1.88M USD 1 Quarter
Amortization of deferred financing costs and discounts on indebtedness AmortizationOfFinancingCostsAndDiscounts $2.28M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $914.00K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $961.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $31.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $4.06M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $278.00K USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-2.35M USD 1 Quarter
Accounts receivable, trade (including amounts due from related parties, net) IncreaseDecreaseInAccountsReceivable $17.88M USD 1 Quarter
Accounts receivable, trade (including amounts due from related parties, net) IncreaseDecreaseInAccountsReceivable $15.98M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $18.16M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.51M USD 1 Quarter
Program rights and obligations, net IncreaseDecreaseInProgramRightsAndObligations $-211.28M USD 1 Quarter
Program rights and obligations, net IncreaseDecreaseInProgramRightsAndObligations $-248.64M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $57.63M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $15.72M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $4.98M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-11.10M USD 1 Quarter
Deferred carriage fees, net IncreaseDecreaseInDeferredCharges $1.61M USD 1 Quarter
Deferred carriage fees, net IncreaseDecreaseInDeferredCharges $430.00K USD 1 Quarter
Accounts payable, accrued liabilities and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-63.01M USD 1 Quarter
Accounts payable, accrued liabilities and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-33.65M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $144.87M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $116.97M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $20.21M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $11.94M USD 1 Quarter
Return of capital from investees ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital - USD 1 Quarter
Return of capital from investees ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $172.00K USD 1 Quarter
Investment in and loans to investees PaymentsForProceedsFromInvestments $42.32M USD 1 Quarter
Investment in and loans to investees PaymentsForProceedsFromInvestments $28.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-54.09M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-48.21M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $55.50M USD 1 Quarter
Deemed repurchases of restricted stock units PaymentsForRepurchaseOfOtherEquity $12.80M USD 1 Quarter
Deemed repurchases of restricted stock units PaymentsForRepurchaseOfOtherEquity $15.35M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $83.64M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $91.42M USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.40M USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.41M USD 1 Quarter
Distributions to noncontrolling interests PaymentsToMinorityShareholders $11.71M USD 1 Quarter
Distributions to noncontrolling interests PaymentsToMinorityShareholders $1.44M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-101.83M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-172.83M USD 1 Quarter
Net decrease in cash and cash equivalents from operations NetCashProvidedByUsedInContinuingOperations $-38.95M USD 1 Quarter
Net decrease in cash and cash equivalents from operations NetCashProvidedByUsedInContinuingOperations $-76.17M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $9.37M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.57M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $481.39M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $558.78M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $529.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $403.65M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $481.39M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $558.78M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $529.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $403.65M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interests ProfitLoss $160.54M USD 1 Quarter
Net income including noncontrolling interests ProfitLoss $142.63M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $9.86M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $18.80M USD 1 Quarter
Unrealized gain on interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $319.00K USD 1 Quarter
Unrealized gain on interest rate swaps OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax - USD 1 Quarter
Unrealized gain on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax - USD 1 Quarter
Unrealized gain on available for sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $4.02M USD 1 Quarter
Other comprehensive income, before income taxes OtherComprehensiveIncomeLossBeforeTax $18.80M USD 1 Quarter
Other comprehensive income, before income taxes OtherComprehensiveIncomeLossBeforeTax $14.20M USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTax $1.60M USD 1 Quarter
Income tax expense OtherComprehensiveIncomeLossTax - USD 1 Quarter
Other comprehensive income, net of income taxes OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $12.61M USD 1 Quarter
Other comprehensive income, net of income taxes OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $18.80M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $179.34M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $155.24M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.56M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $6.80M USD 1 Quarter
Comprehensive income attributable to AMC Networks' stockholders ComprehensiveIncomeNetOfTax $174.78M USD 1 Quarter
Comprehensive income attributable to AMC Networks' stockholders ComprehensiveIncomeNetOfTax $148.43M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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