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Condensed Consolidating Financial Statements | 6 Months Ended
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Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Financial Statements | Condensed Consolidating Financial Statements Long-term debt of AMC Networks includes $700,000 of 7.75% senior notes due July 2021 and $600,000 of 4.75% senior notes due December 2022. All outstanding senior notes issued by AMC Networks are guaranteed on a senior unsecured basis by certain of its existing and future domestic restricted subsidiaries (the “Guarantor Subsidiaries”). All Guarantor Subsidiaries are owned 100% by AMC Networks. The outstanding notes are fully and unconditionally guaranteed by the Guarantor Subsidiaries on a joint and several basis. Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, comprehensive income, and cash flows of (i) the Parent Company, (ii) the Guarantor Subsidiaries on a combined basis (as such guarantees are joint and several), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the “Non-Guarantor Subsidiaries”) on a combined basis and (iv) reclassifications and eliminations necessary to arrive at the information for the Company on a consolidated basis. Basis of Presentation In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company's interests in the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (ii) the Guarantor Subsidiaries' interests in the Non-Guarantor Subsidiaries, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column "Eliminations." The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.
Condensed Consolidating Balance Sheet
June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 894 |  |  | $ | 122,665 |  |  | $ | 117,501 |  |  | $ | — |  |  | $ | 241,060 |
Accounts receivable, trade (less allowance for doubtful accounts) | — |  |  | 453,121 |  |  | 153,905 |  |  | — |  |  | 607,026 |
Amounts due from related parties, net | — |  |  | 3,721 |  |  | 254 |  |  | — |  |  | 3,975 |
Current portion of program rights, net | — |  |  | 339,508 |  |  | 100,975 |  |  | — |  |  | 440,483 |
Prepaid expenses, other current assets and intercompany receivable | 24,693 |  |  | 159,592 |  |  | 18,470 |  |  | (130,549 | ) |  | 72,206 |
Deferred tax asset, net | 19,660 |  |  | — |  |  | 2,081 |  |  | — |  |  | 21,741 |
Total current assets | 45,247 |  |  | 1,078,607 |  |  | 393,186 |  |  | (130,549 | ) |  | 1,386,491 |
Property and equipment, net of accumulated depreciation | — |  |  | 85,013 |  |  | 55,310 |  |  | — |  |  | 140,323 |
Investment in affiliates | 2,037,049 |  |  | 946,829 |  |  | — |  |  | (2,983,878 | ) |  | — |
Program rights, net | — |  |  | 929,806 |  |  | 99,121 |  |  | — |  |  | 1,028,927 |
Long-term intercompany notes receivable | 615,906 |  |  | 400,258 |  |  | 201,598 |  |  | (1,217,762 | ) |  | — |
Deferred carriage fees, net | — |  |  | 53,370 |  |  | 2,208 |  |  | — |  |  | 55,578 |
Intangible assets, net | — |  |  | 194,913 |  |  | 367,552 |  |  | — |  |  | 562,465 |
Goodwill | — |  |  | 72,962 |  |  | 654,244 |  |  | — |  |  | 727,206 |
Other assets | 23,525 |  |  | 73,060 |  |  | 112,035 |  |  | — |  |  | 208,620 |
Total assets | $ | 2,721,727 |  |  | $ | 3,834,818 |  |  | $ | 1,885,254 |  |  | $ | (4,332,189 | ) |  | $ | 4,109,610 |
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 12 |  |  | $ | 102,615 |  |  | $ | 43,633 |  |  | $ | — |  |  | $ | 146,260 |
Accrued liabilities and intercompany payable | 36,994 |  |  | 101,626 |  |  | 146,028 |  |  | (130,549 | ) |  | 154,099 |
Current portion of program rights obligations | — |  |  | 225,383 |  |  | 55,258 |  |  | — |  |  | 280,641 |
Deferred revenue | — |  |  | 62,868 |  |  | 7,736 |  |  | — |  |  | 70,604 |
Current portion of long-term debt | 111,000 |  |  | — |  |  | — |  |  | — |  |  | 111,000 |
Current portion of capital lease obligations | — |  |  | 2,312 |  |  | 771 |  |  | — |  |  | 3,083 |
Total current liabilities | 148,006 |  |  | 494,804 |  |  | 253,426 |  |  | (130,549 | ) |  | 765,687 |
Program rights obligations | — |  |  | 441,316 |  |  | 18,334 |  |  | — |  |  | 459,650 |
Long-term debt | 2,612,806 |  |  | — |  |  | — |  |  | — |  |  | 2,612,806 |
Capital lease obligations | — |  |  | 10,603 |  |  | 15,105 |  |  | — |  |  | 25,708 |
Deferred tax liability, net | 121,398 |  |  | — |  |  | 9,744 |  |  | — |  |  | 131,142 |
Other liabilities and intercompany notes payable | 32,177 |  |  | 851,046 |  |  | 409,239 |  |  | (1,217,762 | ) |  | 74,700 |
Total liabilities | 2,914,387 |  |  | 1,797,769 |  |  | 705,848 |  |  | (1,348,311 | ) |  | 4,069,693 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 208,287 |  |  | — |  |  | 208,287 |
Stockholders’ deficiency: |  |  |  |  |  |  |  |  |
AMC Networks stockholders’ (deficiency) equity | (192,660 | ) |  | 2,037,049 |  |  | 946,829 |  |  | (2,983,878 | ) |  | (192,660 | )
Total AMC Networks stockholders’ (deficiency) equity | (192,660 | ) |  | 2,037,049 |  |  | 946,829 |  |  | (2,983,878 | ) |  | (192,660 | )
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 24,290 |  |  | — |  |  | 24,290 |
Total stockholders' (deficiency) equity | (192,660 | ) |  | 2,037,049 |  |  | 971,119 |  |  | (2,983,878 | ) |  | (168,370 | )
Total liabilities and stockholders’ (deficiency) equity | $ | 2,721,727 |  |  | $ | 3,834,818 |  |  | $ | 1,885,254 |  |  | $ | (4,332,189 | ) |  | $ | 4,109,610 |
Condensed Consolidating Balance Sheet
December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,581 |  |  | $ | 83,676 |  |  | $ | 116,110 |  |  | $ | — |  |  | $ | 201,367 |
Accounts receivable, trade (less allowance for doubtful accounts) | — |  |  | 443,720 |  |  | 143,473 |  |  | — |  |  | 587,193 |
Amounts due from related parties, net | — |  |  | 3,846 |  |  | 256 |  |  | — |  |  | 4,102 |
Current portion of program rights, net | — |  |  | 350,750 |  |  | 86,552 |  |  | — |  |  | 437,302 |
Prepaid expenses, other current assets and intercompany receivable | 44,011 |  |  | 75,631 |  |  | 6,702 |  |  | (52,050 | ) |  | 74,294 |
Deferred tax asset, net | 22,221 |  |  | — |  |  | 2,601 |  |  | — |  |  | 24,822 |
Total current assets | 67,813 |  |  | 957,623 |  |  | 355,694 |  |  | (52,050 | ) |  | 1,329,080 |
Property and equipment, net of accumulated depreciation | — |  |  | 80,064 |  |  | 53,780 |  |  | — |  |  | 133,844 |
Investment in affiliates | 1,851,065 |  |  | 1,237,919 |  |  | — |  |  | (3,088,984 | ) |  | — |
Program rights, net | — |  |  | 878,294 |  |  | 81,647 |  |  | — |  |  | 959,941 |
Long-term intercompany notes receivable | 624,100 |  |  | 111,263 |  |  | 198,304 |  |  | (933,667 | ) |  | — |
Deferred carriage fees, net | — |  |  | 44,644 |  |  | 2,093 |  |  | — |  |  | 46,737 |
Intangible assets, net | — |  |  | 199,785 |  |  | 391,039 |  |  | — |  |  | 590,824 |
Goodwill | — |  |  | 74,224 |  |  | 660,132 |  |  | — |  |  | 734,356 |
Other assets | 26,760 |  |  | 63,700 |  |  | 91,345 |  |  | — |  |  | 181,805 |
Total assets | $ | 2,569,738 |  |  | $ | 3,647,516 |  |  | $ | 1,834,034 |  |  | $ | (4,074,701 | ) |  | $ | 3,976,587 |
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 15 |  |  | $ | 62,573 |  |  | $ | 39,278 |  |  | $ | — |  |  | $ | 101,866 |
Accrued liabilities and intercompany payable | 39,566 |  |  | 155,569 |  |  | 61,701 |  |  | (52,050 | ) |  | 204,786 |
Current portion of program rights obligations | — |  |  | 212,310 |  |  | 58,889 |  |  | — |  |  | 271,199 |
Deferred revenue | — |  |  | 30,184 |  |  | 6,704 |  |  | — |  |  | 36,888 |
Promissory note payable | — |  |  | — |  |  | 40,000 |  |  | — |  |  | 40,000 |
Current portion of long-term debt | 74,000 |  |  | — |  |  | — |  |  | — |  |  | 74,000 |
Current portion of capital lease obligations | — |  |  | 2,226 |  |  | 727 |  |  | — |  |  | 2,953 |
Total current liabilities | 113,581 |  |  | 462,862 |  |  | 207,299 |  |  | (52,050 | ) |  | 731,692 |
Program rights obligations | — |  |  | 453,343 |  |  | 12,329 |  |  | — |  |  | 465,672 |
Long-term debt | 2,685,566 |  |  | — |  |  | — |  |  | — |  |  | 2,685,566 |
Capital lease obligations | — |  |  | 11,884 |  |  | 15,502 |  |  | — |  |  | 27,386 |
Deferred tax liability, net | 113,742 |  |  | — |  |  | 14,324 |  |  | — |  |  | 128,066 |
Other liabilities and intercompany payable | 28,604 |  |  | 868,362 |  |  | 122,204 |  |  | (933,667 | ) |  | 85,503 |
Total liabilities | 2,941,493 |  |  | 1,796,451 |  |  | 371,658 |  |  | (985,717 | ) |  | 4,123,885 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 204,611 |  |  | — |  |  | 204,611 |
Stockholders’ deficiency: |  |  |  |  |  |  |  |  |
AMC Networks stockholders’ (deficiency) equity | (371,755 | ) |  | 1,851,065 |  |  | 1,237,919 |  |  | (3,088,984 | ) |  | (371,755 | )
Total AMC Networks stockholders’ (deficiency) equity | (371,755 | ) |  | 1,851,065 |  |  | 1,237,919 |  |  | (3,088,984 | ) |  | (371,755 | )
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 19,846 |  |  | — |  |  | 19,846 |
Total stockholders' (deficiency) equity | (371,755 | ) |  | 1,851,065 |  |  | 1,257,765 |  |  | (3,088,984 | ) |  | (351,909 | )
Total liabilities and stockholders’ (deficiency) equity | $ | 2,569,738 |  |  | $ | 3,647,516 |  |  | $ | 1,834,034 |  |  | $ | (4,074,701 | ) |  | $ | 3,976,587 |
Condensed Consolidating Statement of Income
Three Months Ended June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 464,368 |  |  | $ | 136,948 |  |  | $ | (178 | ) |  | $ | 601,138 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 189,500 |  |  | 70,401 |  |  | (171 | ) |  | 259,730 |
Selling, general and administrative | — |  |  | 114,080 |  |  | 44,819 |  |  | (19 | ) |  | 158,880 |
Restructuring expense | — |  |  | 557 |  |  | 2,097 |  |  | — |  |  | 2,654 |
Depreciation and amortization | — |  |  | 9,203 |  |  | 11,837 |  |  | — |  |  | 21,040 |
| — |  |  | 313,340 |  |  | 129,154 |  |  | (190 | ) |  | 442,304 |
Operating income | — |  |  | 151,028 |  |  | 7,794 |  |  | 12 |  |  | 158,834 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (20,020 | ) |  | (2,325 | ) |  | (9,434 | ) |  | — |  |  | (31,779 | )
Share of affiliates' income | 126,287 |  |  | 3,368 |  |  | — |  |  | (129,655 | ) |  | — |
Miscellaneous, net | 23,961 |  |  | (23,601 | ) |  | 11,036 |  |  | (12 | ) |  | 11,384 |
| 130,228 |  |  | (22,558 | ) |  | 1,602 |  |  | (129,667 | ) |  | (20,395 | )
Income from continuing operations before income taxes | 130,228 |  |  | 128,470 |  |  | 9,396 |  |  | (129,655 | ) |  | 138,439 |
Income tax (expense) benefit | (47,219 | ) |  | (2,183 | ) |  | (1,595 | ) |  | — |  |  | (50,997 | )
Income from continuing operations | 83,009 |  |  | 126,287 |  |  | 7,801 |  |  | (129,655 | ) |  | 87,442 |
Net income including noncontrolling interest | 83,009 |  |  | 126,287 |  |  | 7,801 |  |  | (129,655 | ) |  | 87,442 |
Net (income) attributable to noncontrolling interests | — |  |  | — |  |  | (4,433 | ) |  | — |  |  | (4,433 | )
Net income attributable to AMC Networks' stockholders | $ | 83,009 |  |  | $ | 126,287 |  |  | $ | 3,368 |  |  | $ | (129,655 | ) |  | $ | 83,009 |
Condensed Consolidating Statement of Income
Three Months Ended June 30, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 412,773 |  |  | $ | 109,320 |  |  | $ | — |  |  | $ | 522,093 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 175,522 |  |  | 56,522 |  |  | — |  |  | 232,044 |
Selling, general and administrative | — |  |  | 114,963 |  |  | 26,917 |  |  | 10 |  |  | 141,890 |
Restructuring expense | — |  |  | — |  |  | 1,153 |  |  | — |  |  | 1,153 |
Depreciation and amortization | — |  |  | 8,511 |  |  | 9,020 |  |  | — |  |  | 17,531 |
| — |  |  | 298,996 |  |  | 93,612 |  |  | 10 |  |  | 392,618 |
Operating income | — |  |  | 113,777 |  |  | 15,708 |  |  | (10 | ) |  | 129,475 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (19,953 | ) |  | (12,213 | ) |  | (1,439 | ) |  | — |  |  | (33,605 | )
Share of affiliates' income | 115,703 |  |  | 9,663 |  |  | — |  |  | (125,366 | ) |  | — |
Miscellaneous, net | (4,500 | ) |  | 6,461 |  |  | (1,102 | ) |  | 10 |  |  | 869 |
| 91,250 |  |  | 3,911 |  |  | (2,541 | ) |  | (125,356 | ) |  | (32,736 | )
Income from continuing operations before income taxes | 91,250 |  |  | 117,688 |  |  | 13,167 |  |  | (125,366 | ) |  | 96,739 |
Income tax expense | (32,595 | ) |  | (2,417 | ) |  | (1,547 | ) |  | — |  |  | (36,559 | )
Income from continuing operations | 58,655 |  |  | 115,271 |  |  | 11,620 |  |  | (125,366 | ) |  | 60,180 |
Loss from discontinued operations, net of income taxes | — |  |  | — |  |  | (1,732 | ) |  | — |  |  | (1,732 | )
Net income including noncontrolling interest | 58,655 |  |  | 115,271 |  |  | 9,888 |  |  | (125,366 | ) |  | 58,448 |
Net (income) loss attributable to noncontrolling interests | — |  |  | 432 |  |  | (225 | ) |  | — |  |  | 207 |
Net income attributable to AMC Networks' stockholders | $ | 58,655 |  |  | $ | 115,703 |  |  | $ | 9,663 |  |  | $ | (125,366 | ) |  | $ | 58,655 |
Condensed Consolidating Statement of Income
Six Months Ended June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 1,003,811 |  |  | $ | 266,412 |  |  | $ | (403 | ) |  | $ | 1,269,820 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 386,258 |  |  | 136,022 |  |  | (377 | ) |  | 521,903 |
Selling, general and administrative | — |  |  | 232,567 |  |  | 80,910 |  |  | (18 | ) |  | 313,459 |
Restructuring expense | — |  |  | 672 |  |  | 2,638 |  |  | — |  |  | 3,310 |
Depreciation and amortization | — |  |  | 18,170 |  |  | 23,397 |  |  | — |  |  | 41,567 |
| — |  |  | 637,667 |  |  | 242,967 |  |  | (395 | ) |  | 880,239 |
Operating income | — |  |  | 366,144 |  |  | 23,445 |  |  | (8 | ) |  | 389,581 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (40,374 | ) |  | (12,790 | ) |  | (11,202 | ) |  | — |  |  | (64,366 | )
Share of affiliates' income | 402,272 |  |  | 7,756 |  |  | — |  |  | (410,028 | ) |  | — |
Miscellaneous, net | (52,352 | ) |  | 45,712 |  |  | 7,786 |  |  | 8 |  |  | 1,154 |
| 309,546 |  |  | 40,678 |  |  | (3,416 | ) |  | (410,020 | ) |  | (63,212 | )
Income from continuing operations before income taxes | 309,546 |  |  | 406,822 |  |  | 20,029 |  |  | (410,028 | ) |  | 326,369 |
Income tax (expense) benefit | (105,617 | ) |  | (4,550 | ) |  | (2,084 | ) |  | — |  |  | (112,251 | )
Income from continuing operations | 203,929 |  |  | 402,272 |  |  | 17,945 |  |  | (410,028 | ) |  | 214,118 |
Net income including noncontrolling interest | 203,929 |  |  | 402,272 |  |  | 17,945 |  |  | (410,028 | ) |  | 214,118 |
Net (income) attributable to noncontrolling interests | — |  |  | — |  |  | (10,189 | ) |  | — |  |  | (10,189 | )
Net income attributable to AMC Networks' stockholders | $ | 203,929 |  |  | $ | 402,272 |  |  | $ | 7,756 |  |  | $ | (410,028 | ) |  | $ | 203,929 |
Condensed Consolidating Statement of Income
Six Months Ended June 30, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 872,861 |  |  | $ | 173,786 |  |  | $ | — |  |  | $ | 1,046,647 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 356,972 |  |  | 92,243 |  |  | — |  |  | 449,215 |
Selling, general and administrative | — |  |  | 241,340 |  |  | 45,896 |  |  | 10 |  |  | 287,246 |
Restructuring expense | — |  |  | — |  |  | 1,153 |  |  | — |  |  | 1,153 |
Depreciation and amortization | — |  |  | 16,720 |  |  | 15,205 |  |  | — |  |  | 31,925 |
| — |  |  | 615,032 |  |  | 154,497 |  |  | 10 |  |  | 769,539 |
Operating income | — |  |  | 257,829 |  |  | 19,289 |  |  | (10 | ) |  | 277,108 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (42,185 | ) |  | (20,585 | ) |  | (2,266 | ) |  | — |  |  | (65,036 | )
Share of affiliates' income | 238,876 |  |  | 6,070 |  |  | — |  |  | (244,946 | ) |  | — |
Miscellaneous, net | 1,842 |  |  | (334 | ) |  | (5,759 | ) |  | 10 |  |  | (4,241 | )
| 198,533 |  |  | (14,849 | ) |  | (8,025 | ) |  | (244,936 | ) |  | (69,277 | )
Income from continuing operations before income taxes | 198,533 |  |  | 242,980 |  |  | 11,264 |  |  | (244,946 | ) |  | 207,831 |
Income tax expense | (68,511 | ) |  | (4,958 | ) |  | (2,195 | ) |  | — |  |  | (75,664 | )
Income from continuing operations | 130,022 |  |  | 238,022 |  |  | 9,069 |  |  | (244,946 | ) |  | 132,167 |
Loss from discontinued operations, net of income taxes | — |  |  | — |  |  | (2,482 | ) |  | — |  |  | (2,482 | )
Net income including noncontrolling interest | 130,022 |  |  | 238,022 |  |  | 6,587 |  |  | (244,946 | ) |  | 129,685 |
Net (income) loss attributable to noncontrolling interests | — |  |  | 854 |  |  | (517 | ) |  | — |  |  | 337 |
Net income attributable to AMC Networks' stockholders | $ | 130,022 |  |  | $ | 238,876 |  |  | $ | 6,070 |  |  | $ | (244,946 | ) |  | $ | 130,022 |
Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interest | $ | 83,009 |  |  | $ | 126,287 |  |  | $ | 7,801 |  |  | $ | (129,655 | ) |  | $ | 87,442 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 7,591 |  |  | 7,572 |  |  | 16,528 |  |  | (7,572 | ) |  | 24,119 |
Unrealized gain on interest rate swaps | 674 |  |  | — |  |  | — |  |  | — |  |  | 674 |
Other comprehensive income (loss), before income taxes | 8,265 |  |  | 7,572 |  |  | 16,528 |  |  | (7,572 | ) |  | 24,793 |
Income tax benefit | 5,943 |  |  | — |  |  | — |  |  | — |  |  | 5,943 |
Other comprehensive income, net of income taxes | 14,208 |  |  | 7,572 |  |  | 16,528 |  |  | (7,572 | ) |  | 30,736 |
Comprehensive income | 97,217 |  |  | 133,859 |  |  | 24,329 |  |  | (137,227 | ) |  | 118,178 |
Comprehensive (income) attributable to noncontrolling interests | — |  |  | — |  |  | (4,433 | ) |  | — |  |  | (4,433 | )
Comprehensive income attributable to AMC Networks' stockholders | $ | 97,217 |  |  | $ | 133,859 |  |  | $ | 19,896 |  |  | $ | (137,227 | ) |  | $ | 113,745 |
Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interests | $ | 58,655 |  |  | $ | 115,271 |  |  | $ | 9,888 |  |  | $ | (125,366 | ) |  | $ | 58,448 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 9,221 |  |  | 9,221 |  |  | (4,719 | ) |  | (9,221 | ) |  | 4,502 |
Unrealized gain on interest rate swaps | 1,171 |  |  | — |  |  | — |  |  | — |  |  | 1,171 |
Other comprehensive income (loss), before income taxes | 10,392 |  |  | 9,221 |  |  | (4,719 | ) |  | (9,221 | ) |  | 5,673 |
Income tax expense | (432 | ) |  | — |  |  | — |  |  | — |  |  | (432 | )
Other comprehensive income (loss), net of income taxes | 9,960 |  |  | 9,221 |  |  | (4,719 | ) |  | (9,221 | ) |  | 5,241 |
Comprehensive income | 68,615 |  |  | 124,492 |  |  | 5,169 |  |  | (134,587 | ) |  | 63,689 |
Comprehensive loss (income) attributable to noncontrolling interests | — |  |  | 432 |  |  | (225 | ) |  | — |  |  | 207 |
Comprehensive income attributable to AMC Networks' stockholders | $ | 68,615 |  |  | $ | 124,924 |  |  | $ | 4,944 |  |  | $ | (134,587 | ) |  | $ | 63,896 |
Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interest | $ | 203,929 |  |  | $ | 402,272 |  |  | $ | 17,945 |  |  | $ | (410,028 | ) |  | $ | 214,118 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (64,120 | ) |  | (64,120 | ) |  | 27,414 |  |  | 64,120 |  |  | (36,706 | )
Unrealized gain on interest rate swaps | 1,370 |  |  | — |  |  | — |  |  | — |  |  | 1,370 |
Other comprehensive (loss) income, before income taxes | (62,750 | ) |  | (64,120 | ) |  | 27,414 |  |  | 64,120 |  |  | (35,336 | )
Income tax benefit | 3,664 |  |  | — |  |  | — |  |  | — |  |  | 3,664 |
Other comprehensive (loss) income, net of income taxes | (59,086 | ) |  | (64,120 | ) |  | 27,414 |  |  | 64,120 |  |  | (31,672 | )
Comprehensive income | 144,843 |  |  | 338,152 |  |  | 45,359 |  |  | (345,908 | ) |  | 182,446 |
Comprehensive (income) attributable to noncontrolling interests | — |  |  | — |  |  | (10,189 | ) |  | — |  |  | (10,189 | )
Comprehensive income attributable to AMC Networks' stockholders | $ | 144,843 |  |  | $ | 338,152 |  |  | $ | 35,170 |  |  | $ | (345,908 | ) |  | $ | 172,257 |
Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interests | $ | 130,022 |  |  | $ | 238,022 |  |  | $ | 6,587 |  |  | $ | (244,946 | ) |  | $ | 129,685 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 15,374 |  |  | 15,374 |  |  | (5,322 | ) |  | (15,374 | ) |  | 10,052 |
Unrealized gain on interest rate swaps | 1,957 |  |  | — |  |  | — |  |  | — |  |  | 1,957 |
Other comprehensive income (loss), before income taxes | 17,331 |  |  | 15,374 |  |  | (5,322 | ) |  | (15,374 | ) |  | 12,009 |
Income tax expense | (722 | ) |  | — |  |  | — |  |  | — |  |  | (722 | )
Other comprehensive income (loss), net of income taxes | 16,609 |  |  | 15,374 |  |  | (5,322 | ) |  | (15,374 | ) |  | 11,287 |
Comprehensive income | 146,631 |  |  | 253,396 |  |  | 1,265 |  |  | (260,320 | ) |  | 140,972 |
Comprehensive loss (income) attributable to noncontrolling interests | — |  |  | 854 |  |  | (517 | ) |  | — |  |  | 337 |
Comprehensive income attributable to AMC Networks' stockholders | $ | 146,631 |  |  | $ | 254,250 |  |  | $ | 748 |  |  | $ | (260,320 | ) |  | $ | 141,309 |
Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 238,455 |  |  | $ | 169 |  |  | $ | 362,865 |  |  | $ | (411,248 | ) |  | $ | 190,241 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (3 | ) |  | (22,875 | ) |  | (10,246 | ) |  | — |  |  | (33,124 | )
Payments for acquisitions, net of cash acquired | — |  |  | — |  |  | (6,545 | ) |  | — |  |  | (6,545 | )
Acquisition of investments | — |  |  | (369 | ) |  | (23,881 | ) |  | — |  |  | (24,250 | )
(Increase) decrease to investment in affiliates | (134,957 | ) |  | 127,384 |  |  | (339,452 | ) |  | 347,025 |  |  | — |
Net cash (used in) provided by investing activities | (134,960 | ) |  | 104,140 |  |  | (380,124 | ) |  | 347,025 |  |  | (63,919 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Principal payments on long-term debt | (37,000 | ) |  | — |  |  | — |  |  | — |  |  | (37,000 | )
Payment of Promissory Note | — |  |  | — |  |  | (40,000 | ) |  | — |  |  | (40,000 | )
Deemed repurchases of restricted stock/units | (14,320 | ) |  | — |  |  | — |  |  | — |  |  | (14,320 | )
Proceeds from stock option exercises | 1,031 |  |  | — |  |  | — |  |  | — |  |  | 1,031 |
Excess tax benefits from share-based compensation arrangements | 4,038 |  |  | — |  |  | — |  |  | — |  |  | 4,038 |
Principal payments on capital lease obligations | — |  |  | (1,097 | ) |  | (352 | ) |  | — |  |  | (1,449 | )
Distributions to noncontrolling member | — |  |  | — |  |  | (3,154 | ) |  | — |  |  | (3,154 | )
Contributions from noncontrolling member | — |  |  | — |  |  | 1,373 |  |  | — |  |  | 1,373 |
Net cash (used in) provided by financing activities | (46,251 | ) |  | (1,097 | ) |  | (42,133 | ) |  | — |  |  | (89,481 | )
Net increase in cash and cash equivalents from continuing operations | 57,244 |  |  | 103,212 |  |  | (59,392 | ) |  | (64,223 | ) |  | 36,841 |
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net decrease in cash and cash equivalents from discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Effect of exchange rate changes on cash and cash equivalents | (57,931 | ) |  | (64,223 | ) |  | 60,783 |  |  | 64,223 |  |  | 2,852 |
Cash and cash equivalents at beginning of period | 1,581 |  |  | 83,676 |  |  | 116,110 |  |  | — |  |  | 201,367 |
Cash and cash equivalents at end of period | $ | 894 |  |  | $ | 122,665 |  |  | $ | 117,501 |  |  | $ | — |  |  | $ | 241,060 |
Condensed Consolidated Statement of Cash Flows
Six Months Ended June 30, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 153,255 |  |  | $ | 141,858 |  |  | $ | 37,951 |  |  | $ | (155,613 | ) |  | $ | 177,451 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (1,371 | ) |  | (13,086 | ) |  | (4,298 | ) |  | — |  |  | (18,755 | )
(Increase) decrease to investment in affiliates | (38,589 | ) |  | (161,166 | ) |  | 28,768 |  |  | 170,987 |  |  | — |
Payment for acquisition of a business, net of cash acquired | — |  |  | (1,009,286 | ) |  | 16,076 |  |  | — |  |  | (993,210 | )
Proceeds from insurance settlements | — |  |  | 654 |  |  | — |  |  | — |  |  | 654 |
Net cash (used in) provided by investing activities | (39,960 | ) |  | (1,182,884 | ) |  | 40,546 |  |  | 170,987 |  |  | (1,011,311 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of long-term debt | 600,000 |  |  | — |  |  | — |  |  | — |  |  | 600,000 |
Payments for financing costs | (9,266 | ) |  | — |  |  | — |  |  | — |  |  | (9,266 | )
Purchase of treasury stock | (17,804 | ) |  | — |  |  | — |  |  | — |  |  | (17,804 | )
Proceeds from stock option exercises | 925 |  |  | — |  |  | — |  |  | — |  |  | 925 |
Excess tax benefits from share-based compensation arrangements | 4,708 |  |  | — |  |  | — |  |  | — |  |  | 4,708 |
Principal payments on capital lease obligations | — |  |  | (865 | ) |  | (447 | ) |  | — |  |  | (1,312 | )
Long-term intercompany debt | (706,190 | ) |  | 706,190 |  |  | — |  |  | — |  |  | — |
Cash contributions from member | — |  |  | (5,100 | ) |  | 5,100 |  |  | — |  |  | — |
Contributions from noncontrolling member | — |  |  | — |  |  | 835 |  |  | — |  |  | 835 |
Net cash (used in) provided by financing activities | (127,627 | ) |  | 700,225 |  |  | 5,488 |  |  | — |  |  | 578,086 |
Net (decrease) increase in cash and cash equivalents from continuing operations | (14,332 | ) |  | (340,801 | ) |  | 83,985 |  |  | 15,374 |  |  | (255,774 | )
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in operating activities | — |  |  | — |  |  | (2,719 | ) |  | — |  |  | (2,719 | )
Net decrease in cash and cash equivalents from discontinued operations | — |  |  | — |  |  | (2,719 | ) |  | — |  |  | (2,719 | )
Effect of exchange rate changes on cash and cash equivalents | 15,374 |  |  | 15,374 |  |  | 5,160 |  |  | (15,374 | ) |  | 20,534 |
Cash and cash equivalents at beginning of period | 942 |  |  | 519,392 |  |  | 1,617 |  |  | — |  |  | 521,951 |
Cash and cash equivalents at end of period | $ | 1,984 |  |  | $ | 193,965 |  |  | $ | 88,043 |  |  | $ | — |  |  | $ | 283,992 |

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