|
NOTE 10—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 8% Senior Subordinated Notes due 2014 (the "Notes due 2014"), 8.75% Senior Notes due 2019 (the "Notes due 2019"), and 9.75% Senior Subordinated Notes due 2020 (the "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.
Thirteen weeks ended June 28, 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
AMCE |
|
Subsidiary
Guarantors |
|
Subsidiary
Non-Guarantors |
|
Consolidating
Adjustments |
|
Consolidated
AMC Entertainment Inc. |
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Admissions |
|
$ |
— |
|
$ |
451,162 |
|
$ |
2,620 |
|
$ |
— |
|
$ |
453,782 |
|
|
Concessions |
|
|
— |
|
|
188,284 |
|
|
1,177 |
|
|
— |
|
|
189,461 |
|
|
Other theatre |
|
|
— |
|
|
30,187 |
|
|
177 |
|
|
— |
|
|
30,364 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
|
— |
|
|
669,633 |
|
|
3,974 |
|
|
— |
|
|
673,607 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating Costs and Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Film exhibition costs |
|
|
— |
|
|
242,556 |
|
|
1,273 |
|
|
— |
|
|
243,829 |
|
|
Concession costs |
|
|
— |
|
|
26,532 |
|
|
264 |
|
|
— |
|
|
26,796 |
|
|
Operating expense |
|
|
30 |
|
|
170,301 |
|
|
1,571 |
|
|
— |
|
|
171,902 |
|
|
Rent |
|
|
— |
|
|
111,941 |
|
|
1,099 |
|
|
— |
|
|
113,040 |
|
|
General and administrative: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Merger, acquisition and transaction costs |
|
|
— |
|
|
308 |
|
|
— |
|
|
— |
|
|
308 |
|
|
Management fee |
|
|
— |
|
|
1,250 |
|
|
— |
|
|
— |
|
|
1,250 |
|
|
Other |
|
|
— |
|
|
15,326 |
|
|
— |
|
|
— |
|
|
15,326 |
|
|
Depreciation and amortization |
|
|
— |
|
|
48,345 |
|
|
37 |
|
|
— |
|
|
48,382 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses |
|
|
30 |
|
|
616,559 |
|
|
4,244 |
|
|
— |
|
|
620,833 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
(30 |
) |
|
53,074 |
|
|
(270 |
) |
|
— |
|
|
52,774 |
|
|
Other expense (income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in net income of subsidiaries |
|
|
(14,829 |
) |
|
(1,064 |
) |
|
— |
|
|
15,893 |
|
|
— |
|
|
Other expense |
|
|
— |
|
|
121 |
|
|
— |
|
|
— |
|
|
121 |
|
|
Interest expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate borrowings |
|
|
39,765 |
|
|
51,471 |
|
|
— |
|
|
(51,477 |
) |
|
39,759 |
|
|
Capital and financing lease obligations |
|
|
— |
|
|
1,418 |
|
|
— |
|
|
— |
|
|
1,418 |
|
|
Equity in (earnings) losses of non-consolidated entities |
|
|
46 |
|
|
(7,465 |
) |
|
(1,334 |
) |
|
— |
|
|
(8,753 |
) |
|
Investment income |
|
|
(43,196 |
) |
|
(8,307 |
) |
|
— |
|
|
51,477 |
|
|
(26 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total other expense |
|
|
(18,214 |
) |
|
36,174 |
|
|
(1,334 |
) |
|
15,893 |
|
|
32,519 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes |
|
|
18,184 |
|
|
16,900 |
|
|
1,064 |
|
|
(15,893 |
) |
|
20,255 |
|
|
Income tax provision |
|
|
— |
|
|
400 |
|
|
— |
|
|
— |
|
|
400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
|
18,184 |
|
|
16,500 |
|
|
1,064 |
|
|
(15,893 |
) |
|
19,855 |
|
|
Loss from discontinued operations, net of income taxes |
|
|
— |
|
|
(1,671 |
) |
|
— |
|
|
— |
|
|
(1,671 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
18,184 |
|
$ |
14,829 |
|
$ |
1,064 |
|
$ |
(15,893 |
) |
$ |
18,184 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
Thirteen weeks ended June 30, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
AMCE |
|
Subsidiary
Guarantors |
|
Subsidiary
Non-Guarantors |
|
Consolidating
Adjustments |
|
Consolidated
AMC Entertainment Inc. |
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Admissions |
|
$ |
— |
|
$ |
462,252 |
|
$ |
3,487 |
|
$ |
— |
|
$ |
465,739 |
|
|
Concessions |
|
|
— |
|
|
186,841 |
|
|
1,331 |
|
|
— |
|
|
188,172 |
|
|
Other theatre |
|
|
— |
|
|
21,337 |
|
|
310 |
|
|
— |
|
|
21,647 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues |
|
|
— |
|
|
670,430 |
|
|
5,128 |
|
|
— |
|
|
675,558 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Film exhibition costs |
|
|
— |
|
|
251,012 |
|
|
1,587 |
|
|
— |
|
|
252,599 |
|
|
Concession costs |
|
|
— |
|
|
25,273 |
|
|
262 |
|
|
— |
|
|
25,535 |
|
|
Operating expense |
|
|
— |
|
|
171,793 |
|
|
2,401 |
|
|
— |
|
|
174,194 |
|
|
Rent |
|
|
— |
|
|
111,218 |
|
|
1,313 |
|
|
— |
|
|
112,531 |
|
|
General and administrative: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Merger, acquisition and transaction costs |
|
|
— |
|
|
612 |
|
|
— |
|
|
— |
|
|
612 |
|
|
Management fee |
|
|
— |
|
|
1,250 |
|
|
— |
|
|
— |
|
|
1,250 |
|
|
Other |
|
|
— |
|
|
14,414 |
|
|
36 |
|
|
— |
|
|
14,450 |
|
|
Depreciation and amortization |
|
|
— |
|
|
51,529 |
|
|
110 |
|
|
— |
|
|
51,639 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses |
|
|
— |
|
|
627,101 |
|
|
5,709 |
|
|
— |
|
|
632,810 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
— |
|
|
43,329 |
|
|
(581 |
) |
|
— |
|
|
42,748 |
|
|
Other expense (income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in net loss of subsidiaries |
|
|
2,946 |
|
|
846 |
|
|
— |
|
|
(3,792 |
) |
|
— |
|
|
Other expense |
|
|
— |
|
|
340 |
|
|
— |
|
|
— |
|
|
340 |
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate borrowings |
|
|
39,874 |
|
|
50,936 |
|
|
— |
|
|
(50,959 |
) |
|
39,851 |
|
|
Capital and financing lease obligations |
|
|
— |
|
|
1,498 |
|
|
— |
|
|
— |
|
|
1,498 |
|
|
Equity in (earnings) losses of non-consolidated entities |
|
|
(92 |
) |
|
(669 |
) |
|
265 |
|
|
— |
|
|
(496 |
) |
|
Investment income |
|
|
(43,538 |
) |
|
(7,446 |
) |
|
— |
|
|
50,959 |
|
|
(25 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total other expense |
|
|
(810 |
) |
|
45,505 |
|
|
265 |
|
|
(3,792 |
) |
|
41,168 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations before income taxes |
|
|
810 |
|
|
(2,176 |
) |
|
(846 |
) |
|
3,792 |
|
|
1,580 |
|
|
Income tax provision |
|
|
525 |
|
|
— |
|
|
— |
|
|
— |
|
|
525 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations |
|
|
285 |
|
|
(2,176 |
) |
|
(846 |
) |
|
3,792 |
|
|
1,055 |
|
|
Loss from discontinued operations, net of income taxes |
|
|
— |
|
|
(770 |
) |
|
— |
|
|
— |
|
|
(770 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
285 |
|
$ |
(2,946 |
) |
$ |
(846 |
) |
$ |
3,792 |
|
$ |
285 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
As of June 28, 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
AMCE |
|
Subsidiary
Guarantors |
|
Subsidiary
Non-Guarantors |
|
Consolidating
Adjustments |
|
Consolidated
AMC Entertainment Inc. |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents |
|
$ |
286 |
|
$ |
160,440 |
|
$ |
41,326 |
|
$ |
— |
|
$ |
202,052 |
|
|
Receivables, net |
|
|
880 |
|
|
41,257 |
|
|
74 |
|
|
— |
|
|
42,211 |
|
|
Other current assets |
|
|
— |
|
|
87,307 |
|
|
2,192 |
|
|
— |
|
|
89,499 |
|
|
Current assets held for sale |
|
|
— |
|
|
4,431 |
|
|
— |
|
|
— |
|
|
4,431 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
1,166 |
|
|
293,435 |
|
|
43,592 |
|
|
— |
|
|
338,193 |
|
|
Investment in equity of subsidiaries |
|
|
243,249 |
|
|
54,546 |
|
|
— |
|
|
(297,795 |
) |
|
— |
|
|
Property, net |
|
|
— |
|
|
865,159 |
|
|
78 |
|
|
— |
|
|
865,237 |
|
|
Intangible assets, net |
|
|
— |
|
|
132,057 |
|
|
— |
|
|
— |
|
|
132,057 |
|
|
Intercompany advances |
|
|
2,005,518 |
|
|
(2,057,068 |
) |
|
51,550 |
|
|
— |
|
|
— |
|
|
Goodwill |
|
|
— |
|
|
1,923,667 |
|
|
— |
|
|
— |
|
|
1,923,667 |
|
|
Other long-term assets |
|
|
33,941 |
|
|
265,542 |
|
|
155 |
|
|
— |
|
|
299,638 |
|
|
Noncurrent assets held for sale |
|
|
— |
|
|
1,834 |
|
|
— |
|
|
— |
|
|
1,834 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
2,283,874 |
|
$ |
1,479,172 |
|
$ |
95,375 |
|
$ |
(297,795 |
) |
$ |
3,560,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholder's Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
— |
|
$ |
194,232 |
|
$ |
887 |
|
$ |
— |
|
$ |
195,119 |
|
|
Accrued expenses and other liabilities |
|
|
10,859 |
|
|
102,459 |
|
|
1,560 |
|
|
— |
|
|
114,878 |
|
|
Deferred revenues and income |
|
|
— |
|
|
165,564 |
|
|
40 |
|
|
— |
|
|
165,604 |
|
|
Current maturities of corporate borrowings and capital and financing lease obligations |
|
|
8,004 |
|
|
2,787 |
|
|
— |
|
|
— |
|
|
10,791 |
|
|
Current liabilities held for sale |
|
|
— |
|
|
3,851 |
|
|
— |
|
|
— |
|
|
3,851 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
18,863 |
|
|
468,893 |
|
|
2,487 |
|
|
— |
|
|
490,243 |
|
|
Corporate borrowings |
|
|
2,086,002 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,086,002 |
|
|
Capital and financing lease obligations |
|
|
— |
|
|
58,629 |
|
|
— |
|
|
— |
|
|
58,629 |
|
|
Deferred revenues—for exhibitor services agreement |
|
|
— |
|
|
327,043 |
|
|
— |
|
|
— |
|
|
327,043 |
|
|
Other long-term liabilities |
|
|
— |
|
|
337,789 |
|
|
38,342 |
|
|
— |
|
|
376,131 |
|
|
Noncurrent liabilities held for sale |
|
|
— |
|
|
43,569 |
|
|
— |
|
|
— |
|
|
43,569 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
2,104,865 |
|
|
1,235,923 |
|
|
40,829 |
|
|
— |
|
|
3,381,617 |
|
|
Stockholder's equity |
|
|
179,009 |
|
|
243,249 |
|
|
54,546 |
|
|
(297,795 |
) |
|
179,009 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholder's equity |
|
$ |
2,283,874 |
|
$ |
1,479,172 |
|
$ |
95,375 |
|
$ |
(297,795 |
) |
$ |
3,560,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
As of 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 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
Thirteen weeks ended June 28, 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
|
$ |
(20,515 |
) |
$ |
41,613 |
|
$ |
(194 |
) |
$ |
— |
|
$ |
20,904 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
|
— |
|
|
(19,067 |
) |
|
(3 |
) |
|
— |
|
|
(19,070 |
) |
|
Investments in non-consolidated entities, net |
|
|
— |
|
|
(195 |
) |
|
1,717 |
|
|
— |
|
|
1,522 |
|
|
Proceeds from the disposition of long-term assets |
|
|
— |
|
|
1,069 |
|
|
— |
|
|
— |
|
|
1,069 |
|
|
Other, net |
|
|
— |
|
|
(536 |
) |
|
— |
|
|
— |
|
|
(536 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
|
|
— |
|
|
(18,729 |
) |
|
1,714 |
|
|
— |
|
|
(17,015 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase of Senior Subordinated Notes due 2014 |
|
|
(51,035 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(51,035 |
) |
|
Deferred financing costs |
|
|
(90 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(90 |
) |
|
Principal payments under capital and financing lease obligations |
|
|
— |
|
|
(804 |
) |
|
— |
|
|
— |
|
|
(804 |
) |
|
Principle payments under Term Loan |
|
|
(2,001 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,001 |
) |
|
Change in construction payables |
|
|
— |
|
|
(20,670 |
) |
|
— |
|
|
— |
|
|
(20,670 |
) |
|
Change in intercompany advances |
|
|
73,241 |
|
|
(73,196 |
) |
|
(45 |
) |
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
|
20,115 |
|
|
(94,670 |
) |
|
(45 |
) |
|
— |
|
|
(74,600 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and equivalents |
|
|
— |
|
|
217 |
|
|
209 |
|
|
— |
|
|
426 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and equivalents |
|
|
(400 |
) |
|
(71,569 |
) |
|
1,684 |
|
|
— |
|
|
(70,285 |
) |
|
Cash and equivalents at beginning of period |
|
|
686 |
|
|
232,009 |
|
|
39,642 |
|
|
— |
|
|
272,337 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents at end of period |
|
$ |
286 |
|
$ |
160,440 |
|
$ |
41,326 |
|
$ |
— |
|
$ |
202,052 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
Thirteen weeks ended June 30, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
|
$ |
(22,656 |
) |
$ |
97,371 |
|
$ |
612 |
|
$ |
— |
|
$ |
75,327 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
|
|
— |
|
|
(31,931 |
) |
|
(87 |
) |
|
— |
|
|
(32,018 |
) |
|
Proceeds from sale/leaseback transactions |
|
|
— |
|
|
953 |
|
|
— |
|
|
— |
|
|
953 |
|
|
Investments in non-consolidated entities, net |
|
|
— |
|
|
(19,508 |
) |
|
(1 |
) |
|
— |
|
|
(19,509 |
) |
|
Other, net |
|
|
— |
|
|
(1,180 |
) |
|
— |
|
|
— |
|
|
(1,180 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities |
|
|
— |
|
|
(51,666 |
) |
|
(88 |
) |
|
— |
|
|
(51,754 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred financing costs |
|
|
(231 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(231 |
) |
|
Principal payments under capital and financing lease obligations |
|
|
— |
|
|
(1,050 |
) |
|
— |
|
|
— |
|
|
(1,050 |
) |
|
Principle payments under Term Loan |
|
|
(1,625 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,625 |
) |
|
Change in construction payables |
|
|
— |
|
|
(6,913 |
) |
|
— |
|
|
— |
|
|
(6,913 |
) |
|
Change in intercompany advances |
|
|
24,512 |
|
|
(24,698 |
) |
|
186 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
|
22,656 |
|
|
(32,661 |
) |
|
186 |
|
|
— |
|
|
(9,819 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and equivalents |
|
|
— |
|
|
(36 |
) |
|
(251 |
) |
|
— |
|
|
(287 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in cash and equivalents |
|
|
— |
|
|
13,008 |
|
|
459 |
|
|
— |
|
|
13,467 |
|
|
Cash and equivalents at beginning of period |
|
|
— |
|
|
261,096 |
|
|
40,062 |
|
|
— |
|
|
301,158 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents at end of period |
|
$ |
— |
|
$ |
274,104 |
|
$ |
40,521 |
|
$ |
— |
|
$ |
314,625 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|