AMC Networks Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 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 7, 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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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income including noncontrolling interests | $154,940 | $71,534 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization | 68,750 | 75,416 |
| Non-cash impairment and other charges | — | 96,819 |
| Share-based compensation expenses related to equity classified awards | 19,827 | 20,308 |
| Non-cash restructuring and other related charges | 5,320 | 1,641 |
| Amortization and write-off of program rights | 625,870 | 641,706 |
| Amortization of deferred carriage fees | 18,210 | 18,362 |
| Unrealized foreign currency transaction gain | (11,650) | (5,311) |
| Amortization of deferred financing costs and discounts on indebtedness | 5,611 | 5,375 |
| (Gain) loss on extinguishment of debt, net | (131,061) | 105 |
| Deferred income taxes | 20,587 | (9,857) |
| Other, net | (7,531) | (667) |
| Changes in assets and liabilities: | ||
| Accounts receivable, trade (including amounts due from related parties, net) | 58,753 | 18,012 |
| Prepaid expenses and other assets | 41,461 | 184,066 |
| Program rights and obligations, net | (569,241) | (691,545) |
| Deferred revenue | 13,505 | 2,847 |
| Accounts payable, accrued liabilities and other liabilities | (56,927) | (111,304) |
| Net cash provided by operating activities | 256,424 | 317,507 |
| Cash flows from investing activities: | ||
| Capital expenditures | (24,502) | (24,252) |
| Other investing activities, net | (8) | 4,085 |
| Net cash used in investing activities | (24,510) | (20,167) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of 10.50% Senior Secured Notes due 2032, net | 394,500 | — |
| 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 and redemption of 4.75% Senior Notes due 2025 | — | (774,729) |
| Principal payments on Term Loan A Facility | (114,375) | (233,750) |
| Tender and repurchase of 4.25% Senior Notes due 2029 | (569,078) | (10,129) |
| Payments for financing costs | (3,094) | (10,450) |
| Deemed repurchases of restricted stock units | (4,044) | (4,626) |
| Purchase of treasury stock | (10,329) | — |
| Principal payments on finance lease obligations | (3,542) | (3,461) |
| Distributions to noncontrolling interests | (7,271) | (18,000) |
| Net cash used in financing activities | (317,233) | (52,739) |
| Net increase (decrease) in cash and cash equivalents from operations | (85,319) | 244,601 |
| Effect of exchange rate changes on cash and cash equivalents | 17,508 | 1,200 |
| Cash and cash equivalents at beginning of period | 784,649 | 570,576 |
| Cash and cash equivalents at end of period | $716,838 | $816,377 |
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