AMC Networks Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
AMCX$8.61-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income (loss) including noncontrolling interests | $(217,987) | $201,400 | $11,028 |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | |||
| Depreciation and amortization | 98,015 | 107,402 | 107,227 |
| Non-cash impairment and other charges | 399,513 | 87,089 | 40,717 |
| Share-based compensation expenses related to equity classified awards | 26,051 | 25,665 | 29,986 |
| Non-cash restructuring and other related charges | 44,217 | 15,147 | 336,744 |
| Amortization and write-offs of program rights | 889,394 | 906,158 | 1,008,470 |
| Amortization of deferred carriage fees | 26,748 | 21,341 | 34,234 |
| Unrealized foreign currency transaction loss | 4,595 | 2,716 | 8,692 |
| Amortization of deferred financing costs and discounts on indebtedness | 7,335 | 7,574 | 7,733 |
| Deferred income taxes | (63,063) | 49,736 | (50,689) |
| Other, net | (3,580) | (2,731) | (9,549) |
| Changes in assets and liabilities: | |||
| Accounts receivable, trade (including amounts due from related parties, net) | 30,886 | 34,332 | 70,371 |
| Prepaid expenses and other assets | 215,028 | 103,258 | (34,069) |
| Program rights and obligations, net | (932,269) | (1,079,910) | (1,347,351) |
| Deferred revenue | (3,963) | (60,671) | (63,622) |
| Deferred carriage fees, net | (22,828) | (17,826) | (39,590) |
| Accounts payable, accrued liabilities and other liabilities | (122,477) | (196,761) | 71,502 |
| Net cash provided by operating activities | 375,615 | 203,919 | 181,834 |
| Cash flows from investing activities: | |||
| Capital expenditures | (44,775) | (35,207) | (44,272) |
| Return of capital from investees | 1,693 | 2,146 | 1,771 |
| Proceeds from sale of investments | — | 8,565 | 9,854 |
| Other, net | 2,706 | 174 | (6,738) |
| Net cash used in investing activities | (40,376) | (24,322) | (39,385) |
| Cash flows from financing activities: | |||
| Proceeds from the issuance of 10.25% Senior Secured Notes due 2029, net | 862,969 | — | — |
| Proceeds from the issuance of 4.25% Convertible Senior Notes due 2029, net | 139,437 | — | — |
| Tender, redemption, and repurchase of 4.75% Senior Notes due 2025 | (774,729) | (24,631) | — |
| Redemption of 5.00% Senior Notes due 2024 | — | (400,000) | — |
| Principal payments on Term Loan A Facility | (241,875) | (33,750) | (33,750) |
| Repurchase of 4.25% Senior Notes due 2029 | (10,129) | — | — |
| Payments for financing costs | (10,628) | (342) | — |
| Deemed repurchases of restricted stock units | (4,626) | (7,271) | (22,332) |
| Principal payments on finance lease obligations | (4,650) | (4,222) | (3,576) |
| Purchase of noncontrolling interests | (42,000) | (1,343) | (2,500) |
| Distributions to noncontrolling interests | (23,992) | (72,876) | (34,957) |
| Net cash used in financing activities | (110,223) | (544,435) | (97,115) |
| Net increase (decrease) in cash and cash equivalents from operations | 225,016 | (364,838) | 45,334 |
| Effect of exchange rate changes on cash and cash equivalents | (10,943) | 5,412 | (7,553) |
| Cash and cash equivalents at beginning of year | 570,576 | 930,002 | 892,221 |
| Cash and cash equivalents at end of year | $784,649 | $570,576 | $930,002 |
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