v2.4.0.6

CONDENSED CONSOLIDATING FINANCIAL INFORMATION | 12 Months Ended
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Mar. 29, 2012
CONDENSED CONSOLIDATING FINANCIAL INFORMATION |
CONDENSED CONSOLIDATING FINANCIAL INFORMATION |
NOTE 18—CONDENSED CONSOLIDATING FINANCIAL INFORMATION The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by AMCE. The subsidiary guarantees of AMCE's Notes due 2014, Notes due 2019, and Notes due 2020 are full and unconditional and joint and several. There are significant restrictions on the Company's ability to obtain funds from any of its subsidiaries through dividends, loans or advances. The Company and its subsidiary guarantor's investments in its consolidated subsidiaries are presented under the equity method of accounting. Fifty-two weeks ended March 29, 2012:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | — |  | $ | 1,764,158 |  | $ | 13,309 |  | $ | — |  | $ | 1,777,467 |
Concessions |  |  | — |  |  | 704,988 |  |  | 4,884 |  |  | — |  |  | 709,872 |
Other theatre |  |  | — |  |  | 112,232 |  |  | 1,023 |  |  | — |  |  | 113,255 |
Total revenues |  |  | — |  |  | 2,581,378 |  |  | 19,216 |  |  | — |  |  | 2,600,594 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Film exhibition costs |  |  | — |  |  | 939,061 |  |  | 5,951 |  |  | — |  |  | 945,012 |
Concession costs |  |  | — |  |  | 96,255 |  |  | 981 |  |  | — |  |  | 97,236 |
Operating expense |  |  | 227 |  |  | 711,527 |  |  | 9,672 |  |  | — |  |  | 721,426 |
Rent |  |  | — |  |  | 463,566 |  |  | 5,257 |  |  | — |  |  | 468,823 |
General and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merger, acquisition and transaction costs |  |  | 85 |  |  | 2,785 |  |  | — |  |  | — |  |  | 2,870 |
Management fee |  |  | — |  |  | 5,000 |  |  | — |  |  | — |  |  | 5,000 |
Other |  |  | — |  |  | 51,695 |  |  | 81 |  |  | — |  |  | 51,776 |
Depreciation and amortization |  |  | — |  |  | 213,644 |  |  | 385 |  |  | — |  |  | 214,029 |
Impairment of long-lived assets |  |  | — |  |  | 285 |  |  | — |  |  | — |  |  | 285 |
Operating costs and expenses |  |  | 312 |  |  | 2,483,818 |  |  | 22,327 |  |  | — |  |  | 2,506,457 |
Operating income (loss) |  |  | (312 | ) |  | 97,560 |  |  | (3,111 | ) |  | — |  |  | 94,137 |
Other expense (income) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in (earnings) loss of consolidated subsidiaries |  |  | 93,172 |  |  | 3,658 |  |  | — |  |  | (96,830 | ) |  | — |
Other income |  |  | — |  |  | 1,402 |  |  | — |  |  | — |  |  | 1,402 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 160,849 |  |  | 206,205 |  |  | — |  |  | (205,409 | ) |  | 161,645 |
Capital and financing lease obligations |  |  | — |  |  | 5,968 |  |  | — |  |  | — |  |  | 5,968 |
Equity in (earnings) loss of non-consolidated entities |  |  | 2,359 |  |  | (15,465 | ) |  | 547 |  |  | — |  |  | (12,559 | )
Investment loss (income) |  |  | (175,229 | ) |  | (12,551 | ) |  | — |  |  | 205,409 |  |  | 17,629 |
Total other expense |  |  | 81,151 |  |  | 189,217 |  |  | 547 |  |  | (96,830 | ) |  | 174,085 |
Loss from continuing operations before income taxes |  |  | (81,463 | ) |  | (91,657 | ) |  | (3,658 | ) |  | 96,830 |  |  | (79,948 | )
Income tax provision |  |  | 525 |  |  | 1,490 |  |  | — |  |  | — |  |  | 2,015 |
Loss from continuing operations |  |  | (81,988 | ) |  | (93,147 | ) |  | (3,658 | ) |  | 96,830 |  |  | (81,963 | )
Loss from discontinued operations, net of income taxes |  |  | — |  |  | (25 | ) |  | — |  |  | — |  |  | (25 | )
Net loss |  | $ | (81,988 | ) | $ | (93,172 | ) | $ | (3,658 | ) | $ | 96,830 |  | $ | (81,988 | )
Fifty-two weeks ended March 31, 2011:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | — |  | $ | 1,684,903 |  | $ | 12,955 |  | $ | — |  | $ | 1,697,858 |
Concessions |  |  | — |  |  | 659,500 |  |  | 4,608 |  |  | — |  |  | 664,108 |
Other theatre |  |  | — |  |  | 73,925 |  |  | 1,208 |  |  | — |  |  | 75,133 |
Total revenues |  |  | — |  |  | 2,418,328 |  |  | 18,771 |  |  | — |  |  | 2,437,099 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Film exhibition costs |  |  | — |  |  | 882,053 |  |  | 5,705 |  |  | — |  |  | 887,758 |
Concession costs |  |  | — |  |  | 82,181 |  |  | 1,006 |  |  | — |  |  | 83,187 |
Operating expense |  |  | — |  |  | 691,777 |  |  | 22,069 |  |  | — |  |  | 713,846 |
Rent |  |  | — |  |  | 467,951 |  |  | 7,859 |  |  | — |  |  | 475,810 |
General and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merger, acquisition and transaction costs |  |  | — |  |  | 14,085 |  |  | — |  |  | — |  |  | 14,085 |
Management fee |  |  | — |  |  | 5,000 |  |  | — |  |  | — |  |  | 5,000 |
Other |  |  | — |  |  | 58,011 |  |  | 125 |  |  | — |  |  | 58,136 |
Depreciation and amortization |  |  | — |  |  | 212,132 |  |  | 281 |  |  | — |  |  | 212,413 |
Impairment of long-lived assets |  |  | — |  |  | 12,779 |  |  | — |  |  | — |  |  | 12,779 |
Operating costs and expenses |  |  | — |  |  | 2,425,969 |  |  | 37,045 |  |  | — |  |  | 2,463,014 |
Operating loss |  |  | — |  |  | (7,641 | ) |  | (18,274 | ) |  | — |  |  | (25,915 | )
Other expense (income) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in loss of consolidated subsidiaries |  |  | 135,042 |  |  | 28,545 |  |  | — |  |  | (163,587 | ) |  | — |
Other expense |  |  | 367 |  |  | 27,480 |  |  | — |  |  | — |  |  | 27,847 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 143,562 |  |  | 181,973 |  |  | — |  |  | (182,013 | ) |  | 143,522 |
Capital and financing lease obligations |  |  | — |  |  | 6,198 |  |  | — |  |  | — |  |  | 6,198 |
Equity in (earnings) loss of non-consolidated entities |  |  | (490 | ) |  | (26,959 | ) |  | 10,271 |  |  | — |  |  | (17,178 | )
Gains on NCM transactions |  |  | — |  |  | (64,441 | ) |  | — |  |  | — |  |  | (64,441 | )
Investment (income) |  |  | (156,328 | ) |  | (26,076 | ) |  | — |  |  | 182,013 |  |  | (391 | )
Total other expense |  |  | 122,153 |  |  | 126,720 |  |  | 10,271 |  |  | (163,587 | ) |  | 95,557 |
Loss from continuing operations before income taxes |  |  | (122,153 | ) |  | (134,361 | ) |  | (28,545 | ) |  | 163,587 |  |  | (121,472 | )
Income tax provision |  |  | 700 |  |  | 1,250 |  |  | — |  |  | — |  |  | 1,950 |
Loss from continuing operations |  |  | (122,853 | ) |  | (135,611 | ) |  | (28,545 | ) |  | 163,587 |  |  | (123,422 | )
Earnings from discontinued operations, net of income taxes |  |  | — |  |  | 569 |  |  | — |  |  | — |  |  | 569 |
Net loss |  | $ | (122,853 | ) | $ | (135,042 | ) | $ | (28,545 | ) | $ | 163,587 |  | $ | (122,853 | )
Fifty-two weeks ended April 1, 2010:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | — |  | $ | 1,698,522 |  | $ | 13,331 |  | $ | — |  | $ | 1,711,853 |
Concessions |  |  | — |  |  | 641,845 |  |  | 4,871 |  |  | — |  |  | 646,716 |
Other theatre |  |  | — |  |  | 71,553 |  |  | 1,208 |  |  | — |  |  | 72,761 |
Total revenues |  |  | — |  |  | 2,411,920 |  |  | 19,410 |  |  | — |  |  | 2,431,330 |
Costs and Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Film exhibition costs |  |  | — |  |  | 922,825 |  |  | 5,807 |  |  | — |  |  | 928,632 |
Concession costs |  |  | — |  |  | 71,883 |  |  | 971 |  |  | — |  |  | 72,854 |
Operating expense |  |  | — |  |  | 603,740 |  |  | 7,034 |  |  | — |  |  | 610,774 |
Rent |  |  | — |  |  | 433,108 |  |  | 7,556 |  |  | — |  |  | 440,664 |
General and administrative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merger, acquisition and transaction costs |  |  | — |  |  | 2,280 |  |  | — |  |  | — |  |  | 2,280 |
Management fee |  |  | — |  |  | 5,000 |  |  | — |  |  | — |  |  | 5,000 |
Other |  |  | — |  |  | 57,755 |  |  | 103 |  |  | — |  |  | 57,858 |
Depreciation and amortization |  |  | — |  |  | 187,720 |  |  | 622 |  |  | — |  |  | 188,342 |
Impairment of long-lived assets |  |  | — |  |  | 3,765 |  |  | — |  |  | — |  |  | 3,765 |
Operating costs and expenses |  |  | — |  |  | 2,288,076 |  |  | 22,093 |  |  | — |  |  | 2,310,169 |
Operating income (loss) |  |  | — |  |  | 123,844 |  |  | (2,683 | ) |  | — |  |  | 121,161 |
Other expense (income) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in (earnings) loss of consolidated subsidiaries |  |  | (28,844 | ) |  | 6,799 |  |  | — |  |  | 22,045 |  |  | — |
Other income |  |  | — |  |  | 11,032 |  |  | — |  |  | — |  |  | 11,032 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate borrowings |  |  | 126,085 |  |  | 159,923 |  |  | — |  |  | (159,550 | ) |  | 126,458 |
Capital and financing lease obligations |  |  | — |  |  | 5,652 |  |  | — |  |  | — |  |  | 5,652 |
Equity in (earnings) loss of non-consolidated entities |  |  | (1,517 | ) |  | (32,915 | ) |  | 4,132 |  |  | — |  |  | (30,300 | )
Investment (income) |  |  | (137,914 | ) |  | (21,825 | ) |  | (16 | ) |  | 159,550 |  |  | (205 | )
Total other expense (income) |  |  | (42,190 | ) |  | 128,666 |  |  | 4,116 |  |  | 22,045 |  |  | 112,637 |
Earnings (loss) from continuing operations before income taxes |  |  | 42,190 |  |  | (4,822 | ) |  | (6,799 | ) |  | (22,045 | ) |  | 8,524 |
Income tax benefit |  |  | (27,600 | ) |  | (41,200 | ) |  | — |  |  | — |  |  | (68,800 | )
Earnings (loss) from continuing operations |  |  | 69,790 |  |  | 36,378 |  |  | (6,799 | ) |  | (22,045 | ) |  | 77,324 |
Loss from discontinued operations, net of income taxes |  |  | — |  |  | (7,534 | ) |  | — |  |  | — |  |  | (7,534 | )
Net earnings (loss) |  | $ | 69,790 |  | $ | 28,844 |  | $ | (6,799 | ) | $ | (22,045 | ) | $ | 69,790 |
March 29, 2012:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents |  | $ | 686 |  | $ | 232,009 |  | $ | 39,642 |  | $ | — |  | $ | 272,337 |
Receivables, net |  |  | 552 |  |  | 42,947 |  |  | 51 |  |  | — |  |  | 43,550 |
Other current assets |  |  | — |  |  | 85,681 |  |  | 2,185 |  |  | — |  |  | 87,866 |
Total current assets |  |  | 1,238 |  |  | 360,637 |  |  | 41,878 |  |  | — |  |  | 403,753 |
Investment in equity of subsidiaries |  |  | 221,951 |  |  | 51,981 |  |  | — |  |  | (273,932 | ) |  | — |
Property, net |  |  | — |  |  | 883,219 |  |  | 478 |  |  | — |  |  | 883,697 |
Intangible assets, net |  |  | — |  |  | 135,024 |  |  | — |  |  | — |  |  | 135,024 |
Intercompany advances |  |  | 2,078,742 |  |  | (2,130,247 | ) |  | 51,505 |  |  | — |  |  | — |
Goodwill |  |  | — |  |  | 1,923,667 |  |  | — |  |  | — |  |  | 1,923,667 |
Other long-term assets |  |  | 35,064 |  |  | 256,611 |  |  | 176 |  |  | — |  |  | 291,851 |
Total assets |  | $ | 2,336,995 |  | $ | 1,480,892 |  | $ | 94,037 |  | $ | (273,932 | ) | $ | 3,637,992 |
Liabilities and Stockholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 94 |  | $ | 195,117 |  | $ | 727 |  | $ | — |  | $ | 195,938 |
Accrued expenses and other liabilities |  |  | 36,027 |  |  | 112,056 |  |  | 1,251 |  |  | — |  |  | 149,334 |
Deferred revenues and income |  |  | — |  |  | 174,314 |  |  | 41 |  |  | — |  |  | 174,355 |
Current maturities of corporate borrowings and capital and financing lease obligations |  |  | 59,039 |  |  | 2,807 |  |  | — |  |  | — |  |  | 61,846 |
Total current liabilities |  |  | 95,160 |  |  | 484,294 |  |  | 2,019 |  |  | — |  |  | 581,473 |
Corporate borrowings |  |  | 2,087,495 |  |  | — |  |  | — |  |  | — |  |  | 2,087,495 |
Capital and financing lease obligations |  |  | — |  |  | 59,413 |  |  | — |  |  | — |  |  | 59,413 |
Deferred revenues for exhibitor services agreement |  |  | — |  |  | 328,442 |  |  | — |  |  | — |  |  | 328,442 |
Other long-term liabilities |  |  | — |  |  | 386,792 |  |  | 40,037 |  |  | — |  |  | 426,829 |
Total liabilities |  |  | 2,182,655 |  |  | 1,258,941 |  |  | 42,056 |  |  | — |  |  | 3,483,652 |
Stockholder's equity |  |  | 154,340 |  |  | 221,951 |  |  | 51,981 |  |  | (273,932 | ) |  | 154,340 |
Total liabilities and stockholder's equity |  | $ | 2,336,995 |  | $ | 1,480,892 |  | $ | 94,037 |  | $ | (273,932 | ) | $ | 3,637,992 |
March 31, 2011:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents |  | $ | — |  | $ | 261,096 |  | $ | 40,062 |  | $ | — |  | $ | 301,158 |
Receivables, net |  |  | 129 |  |  | 26,341 |  |  | 222 |  |  | — |  |  | 26,692 |
Other current assets |  |  | — |  |  | 85,987 |  |  | 2,162 |  |  | — |  |  | 88,149 |
Total current assets |  |  | 129 |  |  | 373,424 |  |  | 42,446 |  |  | — |  |  | 415,999 |
Investment in equity of subsidiaries |  |  | (235,409 | ) |  | 79,567 |  |  | — |  |  | 155,842 |  |  | — |
Property, net |  |  | — |  |  | 957,738 |  |  | 984 |  |  | — |  |  | 958,722 |
Intangible assets, net |  |  | — |  |  | 149,493 |  |  | — |  |  | — |  |  | 149,493 |
Intercompany advances |  |  | 2,694,299 |  |  | (2,775,489 | ) |  | 81,190 |  |  | — |  |  | — |
Goodwill |  |  | — |  |  | 1,923,667 |  |  | — |  |  | — |  |  | 1,923,667 |
Other long-term assets |  |  | 37,278 |  |  | 254,629 |  |  | 457 |  |  | — |  |  | 292,364 |
Total assets |  | $ | 2,496,297 |  | $ | 963,029 |  | $ | 125,077 |  | $ | 155,842 |  | $ | 3,740,245 |
Liabilities and Stockholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  | $ | 164,553 |  | $ | 863 |  | $ | — |  | $ | 165,416 |
Accrued expenses and other liabilities |  |  | 33,598 |  |  | 104,519 |  |  | 870 |  |  | — |  |  | 138,987 |
Deferred revenues and income |  |  | — |  |  | 140,766 |  |  | 471 |  |  | — |  |  | 141,237 |
Current maturities of corporate borrowings and capital and financing lease obligations |  |  | 6,500 |  |  | 3,455 |  |  | — |  |  | — |  |  | 9,955 |
Total current liabilities |  |  | 40,098 |  |  | 413,293 |  |  | 2,204 |  |  | — |  |  | 455,595 |
Corporate borrowings |  |  | 2,096,040 |  |  | — |  |  | — |  |  | — |  |  | 2,096,040 |
Capital and financing lease obligations |  |  | — |  |  | 62,220 |  |  | — |  |  | — |  |  | 62,220 |
Deferred revenues for exhibitor services agreement |  |  | — |  |  | 333,792 |  |  | — |  |  | — |  |  | 333,792 |
Other long-term liabilities |  |  | — |  |  | 389,133 |  |  | 43,306 |  |  | — |  |  | 432,439 |
Total liabilities |  |  | 2,136,138 |  |  | 1,198,438 |  |  | 45,510 |  |  | — |  |  | 3,380,086 |
Stockholder's equity (deficit) |  |  | 360,159 |  |  | (235,409 | ) |  | 79,567 |  |  | 155,842 |  |  | 360,159 |
Total liabilities and stockholder's equity |  | $ | 2,496,297 |  | $ | 963,029 |  | $ | 125,077 |  | $ | 155,842 |  | $ | 3,740,245 |
Fifty-two weeks ended March 29, 2012:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non-Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 21,673 |  | $ | 177,633 |  | $ | (1,979 | ) | $ | — |  | $ | 197,327 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  | (139,195 | ) |  | (164 | ) |  | — |  |  | (139,359 | )
Proceeds from disposition of long-term assets |  |  | — |  |  | 1,474 |  |  | — |  |  | — |  |  | 1,474 |
Investments in non-consolidated entities, net |  |  | 1,049 |  |  | (27,928 | ) |  | (1 | ) |  | — |  |  | (26,880 | )
Proceeds from sale/leaseback of digital projection equipment |  |  | — |  |  | 953 |  |  | — |  |  | — |  |  | 953 |
Other, net |  |  | — |  |  | 98 |  |  | — |  |  | — |  |  | 98 |
Net cash used in investing activities |  |  | 1,049 |  |  | (164,598 | ) |  | (165 | ) |  | — |  |  | (163,714 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of Term Loan due 2018 |  |  | 297,000 |  |  | — |  |  | — |  |  | — |  |  | 297,000 |
Repayment of Term Loan 2013 |  |  | (140,657 | ) |  | — |  |  | — |  |  | — |  |  | (140,657 | )
Repurchase of Senior Subordinated Notes due 2014 |  |  | (108,965 | ) |  | — |  |  | — |  |  | — |  |  | (108,965 | )
Principal payments under Term Loan |  |  | (4,875 | ) |  | — |  |  | — |  |  | — |  |  | (4,875 | )
Principal payments under capital and financing lease obligations |  |  | — |  |  | (3,422 | ) |  | — |  |  | — |  |  | (3,422 | )
Deferred financing costs |  |  | (6,002 | ) |  | — |  |  | — |  |  | — |  |  | (6,002 | )
Change in construction payables |  |  | — |  |  | 13,512 |  |  | — |  |  | — |  |  | 13,512 |
Dividends paid to Parent |  |  | (109,581 | ) |  | — |  |  | — |  |  | — |  |  | (109,581 | )
Change in intercompany advances |  |  | 51,044 |  |  | (52,427 | ) |  | 1,383 |  |  | — |  |  | — |
Net cash provided by (used in) financing activities |  |  | (22,036 | ) |  | (42,337 | ) |  | 1,383 |  |  | — |  |  | (62,990 | )
Effect of exchange rate changes on cash and equivalents |  |  | — |  |  | 215 |  |  | 341 |  |  | — |  |  | 556 |
Net increase (decrease) in cash and equivalents |  |  | 686 |  |  | (29,087 | ) |  | (420 | ) |  | — |  |  | (28,821 | )
Cash and equivalents at beginning of period |  |  | — |  |  | 261,096 |  |  | 40,062 |  |  | — |  |  | 301,158 |
Cash and equivalents at end of period |  | $ | 686 |  | $ | 232,009 |  | $ | 39,642 |  | $ | — |  | $ | 272,337 |
Fifty-two weeks ended March 31, 2011:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non- Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 47,587 |  | $ | 44,144 |  | $ | 341 |  | $ | — |  | $ | 92,072 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  | (128,952 | ) |  | (395 | ) |  | — |  |  | (129,347 | )
Acquisition of Kerasotes, net of cash acquired |  |  | — |  |  | (280,606 | ) |  | — |  |  | — |  |  | (280,606 | )
Proceeds from NCM, Inc. stock sale |  |  | — |  |  | 102,224 |  |  | — |  |  | — |  |  | 102,224 |
Proceeds from disposition of long-term assets |  |  | — |  |  | 58,391 |  |  | — |  |  | — |  |  | 58,391 |
Investments in non-consolidated entities, net |  |  | — |  |  | (1,819 | ) |  | 200 |  |  | — |  |  | (1,619 | )
Proceeds from sale/leaseback of digital projection equipment |  |  | — |  |  | 4,905 |  |  | — |  |  | — |  |  | 4,905 |
Proceeds from disposition of Cinemex |  |  | — |  |  | 1,840 |  |  | — |  |  | — |  |  | 1,840 |
Other, net |  |  | — |  |  | (5,825 | ) |  | — |  |  | — |  |  | (5,825 | )
Net cash used in investing activities |  |  | — |  |  | (249,842 | ) |  | (195 | ) |  | — |  |  | (250,037 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of Senior Subordinated Notes due 2020 |  |  | 600,000 |  |  | — |  |  | — |  |  | — |  |  | 600,000 |
Repurchase of Senior. Subordinated Notes due 2016 |  |  | (325,000 | ) |  | — |  |  | — |  |  | — |  |  | (325,000 | )
Payment of tender offer and consent solicitation consideration on Senior Subordinated Notes due 2016 |  |  | (5,801 | ) |  | — |  |  | — |  |  | — |  |  | (5,801 | )
Principal payments under Term Loan B |  |  | (6,500 | ) |  | — |  |  | — |  |  | — |  |  | (6,500 | )
Principal payments under capital and financing lease obligations |  |  | — |  |  | (4,194 | ) |  | — |  |  | — |  |  | (4,194 | )
Deferred financing costs |  |  | (14,642 | ) |  | — |  |  | — |  |  | — |  |  | (14,642 | )
Change in construction payables |  |  | — |  |  | (727 | ) |  | — |  |  | — |  |  | (727 | )
Dividends paid to Marquee Holdings Inc. |  |  | (278,258 | ) |  | — |  |  | — |  |  | — |  |  | (278,258 | )
Change in intercompany advances |  |  | (17,386 | ) |  | 16,623 |  |  | 763 |  |  | — |  |  | — |
Net cash provided by (used in) financing activities |  |  | (47,587 | ) |  | 11,702 |  |  | 763 |  |  | — |  |  | (35,122 | )
Effect of exchange rate changes on cash and equivalents |  |  | — |  |  | (150 | ) |  | (948 | ) |  | — |  |  | (1,098 | )
Net decrease in cash and equivalents |  |  | — |  |  | (194,146 | ) |  | (39 | ) |  | — |  |  | (194,185 | )
Cash and equivalents at beginning of period |  |  | — |  |  | 455,242 |  |  | 40,101 |  |  | — |  |  | 495,343 |
Cash and equivalents at end of period |  | $ | — |  | $ | 261,096 |  | $ | 40,062 |  | $ | — |  | $ | 301,158 |
Fifty-two weeks ended April 1, 2010:
(In thousands) |  | AMCE |  | Subsidiary Guarantors |  | Subsidiary Non- Guarantors |  | Consolidating Adjustments |  | Consolidated AMC Entertainment Inc. |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | 36,859 |  | $ | 222,266 |  | $ | (1,110 | ) | $ | — |  | $ | 258,015 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | — |  |  | (96,826 | ) |  | (185 | ) |  | — |  |  | (97,011 | )
Purchase of digital projection equipment for sale/leaseback |  |  | — |  |  | (6,784 | ) |  | — |  |  | — |  |  | (6,784 | )
Proceeds from sale/leaseback of digital projection equipment |  |  | — |  |  | 6,570 |  |  | — |  |  | — |  |  | 6,570 |
Proceeds from disposition of Cinemex |  |  | — |  |  | 4,315 |  |  | — |  |  | — |  |  | 4,315 |
Other, net |  |  | — |  |  | 2,573 |  |  | (6,000 | ) |  | — |  |  | (3,427 | )
Net cash provided by investing activities |  |  | — |  |  | (90,152 | ) |  | (6,185 | ) |  | — |  |  | (96,337 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of Senior Notes due 2019 |  |  | 585,492 |  |  | — |  |  | — |  |  | — |  |  | 585,492 |
Repurchase of Senior Fixed Rate Notes due 2012 |  |  | (250,000 | ) |  | — |  |  | — |  |  | — |  |  | (250,000 | )
Principal payments under Term Loan B |  |  | (6,500 | ) |  | — |  |  | — |  |  | — |  |  | (6,500 | )
Principal payments under capital and financing lease obligations |  |  | — |  |  | (3,423 | ) |  | — |  |  | — |  |  | (3,423 | )
Deferred financing costs |  |  | (16,434 | ) |  | — |  |  | — |  |  | — |  |  | (16,434 | )
Change in construction payables |  |  | — |  |  | 6,714 |  |  | — |  |  | — |  |  | 6,714 |
Repayment under Revolving Credit Facility |  |  | (185,000 | ) |  | — |  |  | — |  |  | — |  |  | (185,000 | )
Dividends paid to Marquee Holdings Inc. |  |  | (329,981 | ) |  | — |  |  | — |  |  | — |  |  | (329,981 | )
Change in intercompany advances |  |  | 165,564 |  |  | (168,963 | ) |  | 3,399 |  |  | — |  |  | — |
Net cash provided by (used in) financing activities |  |  | (36,859 | ) |  | (165,672 | ) |  | 3,399 |  |  | — |  |  | (199,132 | )
Effect of exchange rate changes on cash and equivalents |  |  | — |  |  | — |  |  | (1,212 | ) |  | — |  |  | (1,212 | )
Net decrease in cash and equivalents |  |  | — |  |  | (33,558 | ) |  | (5,108 | ) |  | — |  |  | (38,666 | )
Cash and equivalents at beginning of period |  |  | — |  |  | 488,800 |  |  | 45,209 |  |  | — |  |  | 534,009 |
Cash and equivalents at end of period |  | $ | — |  | $ | 455,242 |  | $ | 40,101 |  | $ | — |  | $ | 495,343 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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