AMC ENTERTAINMENT HOLDINGS, INC.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
AMC$3.46+1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended | ||||||
| (In millions) · · September 30, 2025 · · September 30, 2024 | ||||||
| Cash flows from operating activities: · · (unaudited) | ||||||
| Net loss | | $(505.0) | | $(217.0) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | |
| Depreciation and amortization | | | 233.3 | | | 241.2 |
| Loss (gain) on extinguishment of debt | | | 196.0 | | | (40.3) |
| Gain on derivatives | | | (52.1) | | | (73.5) |
| Deferred income taxes | | | 1.3 | | | 1.1 |
| Unrealized loss (gain) on investments in Hycroft | | | (11.8) | | | 1.7 |
| Impairment of equity security | | | 10.3 | | | — |
| Amortization of net discount (premium) on corporate borrowings to interest expense | | | 11.4 | | | (20.1) |
| Amortization of deferred financing costs to interest expense | | | 7.3 | | | 6.7 |
| PIK interest expense | | | 28.7 | | | — |
| Non-cash portion of stock-based compensation | | | 17.7 | | | 15.1 |
| Equity in earnings of non-consolidated entities, net of distributions | | | 0.5 | | | (3.3) |
| Lease incentives | | | 27.5 | | | 26.0 |
| Deferred rent | | | (82.6) | | | (82.1) |
| Net periodic benefit cost | | | 0.9 | | | 1.5 |
| Change in assets and liabilities: | | | | | | |
| Receivables | | | 68.8 | | | 98.6 |
| Other assets | | | (0.9) | | | (12.8) |
| Accounts payable | | | (119.9) | | | (82.6) |
| Accrued expenses and other liabilities | | | (48.6) | | | (91.0) |
| Other, net | | | (29.3) | | | (23.6) |
| Net cash used in operating activities | | | (246.5) | | | (254.4) |
| Cash flows from investing activities: | | | | | | |
| Capital expenditures | | | (162.7) | | | (155.8) |
| Proceeds from disposition of long-term assets | | | 1.6 | | | 0.3 |
| Investments in non-consolidated entities | | | (4.0) | | | — |
| Other, net | | | 1.2 | | | 1.5 |
| Net cash used in investing activities | | | (163.9) | | | (154.0) |
| Cash flows from financing activities: | | | | | | |
| Net proceeds from equity issuances | | | 169.6 | | | 243.0 |
| Proceeds from issuance of Senior Secured Notes due 2029 | | | 244.4 | | | — |
| Principal payments under the Second Lien Notes due 2026 | | | (131.2) | | | — |
| Principal payments under Senior Subordinated Notes due 2025 | | | (42.8) | | | — |
| Principal payments under Senior Subordinated Notes due 2026 | | | (41.9) | | | — |
| Proceeds from issuance of Term Loan due 2029 | | | — | | | 27.0 |
| Scheduled principal payments under Term Loan borrowings | | | (15.1) | | | (15.1) |
| Principal payments under finance lease obligations | | | (3.0) | | | (3.5) |
| Repurchase of Senior Subordinated Notes due 2025 | | | (1.3) | | | (12.9) |
| Repurchase of Senior Subordinated Notes due 2026 | | | — | | | (6.0) |
| Repurchase of Second Lien Notes due 2026 | | | — | | | (83.2) |
| Principal payments under Term Loan due 2026 | | | — | | | (27.0) |
| Cash used to pay deferred financing costs | | | (37.6) | | | (45.7) |
| Debt extinguishment costs | | | (2.4) | | | (2.3) |
| Taxes paid for restricted unit withholdings | | | (4.4) | | | (2.2) |
| Net cash provided by financing activities | | | 134.3 | | | 72.1 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | | | 12.2 | | | 2.0 |
| Net decrease in cash and cash equivalents and restricted cash | | | (263.9) | | | (334.3) |
| Cash and cash equivalents and restricted cash at beginning of period | | | 680.8 | | | 911.4 |
| Cash and cash equivalents and restricted cash at end of period | | $416.9 | | $577.1 | ||
|---|---|---|---|---|---|---|
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | | | | | | |
| Cash paid during the period for: | | | | | | |
| Interest | | $285.5 | | $298.4 | ||
| Income taxes paid, net | | $4.4 | | $(0.1) | ||
| Schedule of non-cash activities: | | | | | | |
| Construction payables at period end | | $51.7 | | $41.8 | ||
| Deferred financing costs payable | | $3.4 | | $0.4 | ||
| Extinguishment of 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030 in exchange for share issuance (1) Principal only | | $143.0 | | $— | ||
| Extinguishment of 7.5% First Lien Notes due 2029 in exchange for Senior Secured Notes due 2029 (1) | | $599.6 | | $— | ||
| Extinguishment of 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030 in exchange for Senior Secured Exchangeable Notes due 2030 (1) Principal only | | $194.4 | | $— | ||
| Cancellation of Senior Secured Exchangeable Notes due 2030 pursuant to principal adjustment feature (1) Principal only | | $39.9 | | $— | ||
| Extinguishment of Second Lien Notes due 2026 in exchange for share issuance (1) | | $— | | $227.6 | ||
| Extinguishment of Senior Subordinated Notes due 2025 in exchange for share issuance (1) | | $— | | $2.1 | ||
| Extinguishment of Senior Subordinated Notes due 2026 in exchange for share issuance (1) | | $— | | $2.4 | ||
| Extinguishment of Second Lien Notes due 2026 in exchange for Term Loans due 2029 (1) | | $— | | $2.3 | ||
| Extinguishment of principal amount of the Second Lien Notes due 2026 in exchange for Term Loan due 2029 (1) | | $— | | $104.2 | ||
| Extinguishment of principal amount of the Second Lien Notes due 2026 in exchange for Exchangeable Notes due 2030 (1) | | $— | | $414.4 |
| (1) | See Note 1—Basis of Presentation and Note 6—Corporate Borrowings and Finance Lease Liabilities for further information on debt extinguishments and refinancing transactions. |
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