AMC Networks Inc.

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

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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Contents

Item 8. Consolidated Statements of Cash Flows

	2025	2024	2023
Cash flows from operating activities:
Net income (loss) including noncontrolling interests	$101,772	$(217,987)	$201,400
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	94,425	98,015	107,402
Non-cash impairment and other charges	97,784	399,513	87,089
Share-based compensation expenses related to equity classified awards	25,330	26,051	25,665
Non-cash restructuring and other related charges	4,834	44,217	15,147
Amortization and write-offs of program rights	846,800	889,394	906,158
Amortization of deferred carriage fees	21,155	26,748	21,341
Unrealized foreign currency transaction (gain) loss	(10,761)	4,595	2,716
Amortization of deferred financing costs and discounts on indebtedness	7,208	7,335	7,574
(Gain) loss on extinguishment of debt	(129,800)	105	—
Deferred income taxes	(17,278)	(63,063)	49,736
Other, net	(11,276)	(3,685)	(2,731)
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	51,376	30,886	34,332
Prepaid expenses and other assets	35,215	215,028	103,258
Program rights and obligations, net	(815,229)	(932,269)	(1,079,910)
Deferred revenue	1,742	(3,963)	(60,671)
Deferred carriage fees, net	(17,723)	(22,828)	(17,826)
Accounts payable, accrued liabilities and other liabilities	20,096	(122,477)	(196,761)
Net cash provided by operating activities	305,670	375,615	203,919
Cash flows from investing activities:
Capital expenditures	(33,303)	(44,775)	(35,207)
Proceeds from sale of investments	—	—	8,565
Other, net	(908)	4,399	2,320
Net cash used in investing activities	(34,211)	(40,376)	(24,322)
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, redemption, and repurchase of 4.75% Senior Notes due 2025	—	(774,729)	(24,631)
Tender and repurchase of 4.25% Senior Notes due 2029	(569,078)	(10,129)	—
Redemption of 5.00% Senior Notes due 2024	—	—	(400,000)
Principal payments on Term Loan A Facility	(282,830)	(241,875)	(33,750)
Payments for financing costs	(3,926)	(10,628)	(342)
Deemed repurchases of restricted stock units	(4,044)	(4,626)	(7,271)
Purchase of treasury stock	(17,969)	—	—
Principal payments on finance lease obligations	(4,670)	(4,650)	(4,222)
Purchase of noncontrolling interests	(75,000)	(42,000)	(1,343)
Distributions to noncontrolling interests	(7,271)	(23,992)	(72,876)
Net cash used in financing activities	(570,288)	(110,223)	(544,435)
Net increase (decrease) in cash and cash equivalents from operations	(298,829)	225,016	(364,838)
Effect of exchange rate changes on cash and cash equivalents	16,559	(10,943)	5,412
Cash and cash equivalents at beginning of year	784,649	570,576	930,002
Cash and cash equivalents at end of year	$502,379	$784,649	$570,576

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.