(In thousands)

AMCE

Subsidiary
Guarantors

Subsidiary
Non-Guarantors

Consolidating
Adjustments

Consolidated AMC
Entertainment Inc.

Revenues

Admissions

—

407,946

1,074

—

409,020

Food and beverage

—

181,317

447

—

181,764

Other theatre

—

31,906

—

31,974

Total revenues

—

621,169

1,589

—

622,758

Operating costs and expenses

Film exhibition costs

—

211,632

468

—

212,100

Food and beverage costs

—

25,005

118

—

25,123

Operating expense

(80

)

178,818

955

—

179,693

Rent

—

114,470

474

—

114,944

General and administrative:

Merger, acquisition and transaction costs

—

362

—

362

Other

—

18,219

—

18,220

Depreciation and amortization

—

54,749

—

54,777

Operating costs and expenses

(80

)

603,255

2,044

—

605,219

Operating income (loss)

17,914

(455

)

—

17,539

Other expense (income)

Equity in net loss of subsidiaries

7,968

454

—

(8,422

)

—

Other income

—

(4,229

)

—

(4,229

)

Interest expense:

Corporate borrowings

29,618

39,744

—

(39,704

)

29,658

Capital and financing lease obligations

—

2,525

—

2,525

Equity in losses of non-consolidated entities

—

5,384

—

5,384

Investment income

(32,998

)

(14,562

)

39,704

(7,857

)

Total other expense (income)

4,588

29,316

)

(8,422

)

25,481

Loss from continuing operations before income taxes

(4,508

)

(11,402

)

(454

)

8,422

(7,942

)

Income tax benefit

—

(3,100

)

—

(3,100

)

Loss from continuing operations

(4,508

)

(8,302

)

(454

)

8,422

(4,842

)

Earnings from discontinued operations, net of income taxes

—

334

—

334

Net loss

(4,508

)

(7,968

)

(454

)

8,422

(4,508

)

(In thousands)

AMCE

Subsidiary
Guarantors

Subsidiary
Non-Guarantors

Consolidating
Adjustments

Consolidated AMC
Entertainment Inc.

Revenues

Admissions

—

381,860

1,024

—

382,884

Food and beverage

—

167,511

426

—

167,937

Other theatre

—

26,879

102

—

26,981

Total revenues

—

576,250

1,552

—

577,802

Operating costs and expenses

Film exhibition costs

—

190,874

450

—

191,324

Food and beverage costs

—

23,096

102

—

23,198

Operating expense

163,235

964

—

164,210

Rent

—

113,330

476

—

113,806

General and administrative:

Merger, acquisition and transaction costs

—

947

—

947

Other

—

16,313

—

16,313

Depreciation and amortization

—

48,454

—

48,462

Operating costs and expenses

556,249

2,000

—

558,260

Operating income (loss)

(11

)

20,001

(448

)

—

19,542

Other expense (income)

Equity in net loss of subsidiaries

14,371

171

—

(14,542

)

—

Interest expense:

Corporate borrowings

33,141

44,716

—

(44,684

)

33,173

Capital and financing lease obligations

—

2,671

—

2,671

Equity in (earnings) losses of non-consolidated entities

(557

)

—

(546

)

Investment income

(37,267

)

(10,950

)

(86

)

44,684

(3,619

)

Total other expense

10,247

36,051

(77

)

(14,542

)

31,679

Loss from continuing operations before income taxes

(10,258

)

(16,050

)

(371

)

14,542

(12,137

)

Income tax provision

—

3,100

—

3,100

Loss from continuing operations

(10,258

)

(19,150

)

(371

)

14,542

(15,237

)

Earnings from discontinued operations, net of income taxes

—

4,779

200

—

4,979

Net loss

(10,258

)

(14,371

)

(171

)

14,542

(10,258

)

As of March 31, 2014:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.

Assets
Current assets:
Cash and equivalents	$	565		$	308,818		$	41,751		$	—		$	351,134
Receivables, net		(10	)		53,300			26			—			53,316
Deferred tax asset		—			111,827			—			—			111,827
Other current assets		—			81,541			1,525			—			83,066


Total current assets		555			555,486			43,302			—			599,343
Investment in equity of subsidiaries		1,618,172			18,647			—			(1,636,819	)		—
Property, net		—			1,191,741			293			—			1,192,034
Intangible assets, net		—			232,118			—			—			232,118
Intercompany advances		1,837,258			(1,836,264	)		(994	)		—			—
Goodwill		—			2,291,943			—			—			2,291,943
Deferred tax asset		—			96,824			—			—			96,824
Other long-term assets		14,864			385,878			24			—			400,766


Total assets	$	3,470,849		$	2,936,373		$	42,625		$	(1,636,819	)	$	4,813,028




Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$	—		$	223,569		$	415		$	—		$	223,984
Accrued expenses and other liabilities		17,384			118,435			(77	)		—			135,742
Deferred revenues and income		—			169,881			—			—			169,881
Current maturities of corporate borrowings and capital and financing lease obligations		15,676			8,525			—			—			24,201


Total current liabilities		33,060			520,410			338			—			553,808
Corporate borrowings		1,925,186			6,944			—			—			1,932,130
Capital and financing lease obligations		—			107,391			—			—			107,391
Exhibitor services agreement		—			328,259			—			—			328,259
Other long-term liabilities		—			355,197			23,640			—			378,837


Total liabilities		1,958,246			1,318,201			23,978			—			3,300,425
Stockholder's equity		1,512,603			1,618,172			18,647			(1,636,819	)		1,512,603


Total liabilities and stockholder's equity	$	3,470,849		$	2,936,373		$	42,625		$	(1,636,819	)	$	4,813,028

As of December 31, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.

Assets
Current assets:
Cash and equivalents	$	485		$	501,989		$	41,837		$	—		$	544,311
Receivables, net		(10	)		106,096			62			—			106,148
Deferred tax asset		—			110,097			—			—			110,097
Other current assets		—			79,433			1,391			—			80,824


Total current assets		475			797,615			43,290			—			841,380
Investment in equity of subsidiaries		1,617,629			18,903			—			(1,636,532	)		—
Property, net		—			1,179,666			88			—			1,179,754
Intangible assets, net		—			234,319			—			—			234,319
Intercompany advances		1,953,778			(1,953,145	)		(633	)		—			—
Goodwill		—			2,291,943			—			—			2,291,943
Deferred tax asset		—			96,824			—			—			96,824
Other long-term assets		7,841			394,031			632			—			402,504


Total assets	$	3,579,723		$	3,060,156		$	43,377		$	(1,636,532	)	$	5,046,724




Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$	—		$	267,675		$	488		$	—		$	268,163
Accrued expenses and other liabilities		306			170,676			(62	)		—			170,920
Deferred revenues and income		—			202,833			—			—			202,833
Current maturities of corporate borrowings and capital and financing lease obligations		7,750			8,330			—			—			16,080


Total current liabilities		8,056			649,514			426			—			657,996
Corporate borrowings		2,062,728			6,944			—			—			2,069,672
Capital and financing lease obligations		—			109,258			—			—			109,258
Exhibitor services agreement		—			329,913			—			—			329,913
Other long-term liabilities		—			346,898			24,048			—			370,946


Total liabilities		2,070,784			1,442,527			24,474			—			3,537,785
Stockholder's equity		1,508,939			1,617,629			18,903			(1,636,532	)		1,508,939


Total liabilities and stockholder's equity	$	3,579,723		$	3,060,156		$	43,377		$	(1,636,532	)	$	5,046,724

(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

15,308

(16,429

)

(454

)

—

(1,575

)

Cash flows from investing activities:

Capital expenditures

—

(55,562

)

(37

)

—

(55,599

)

Investments in non-consolidated entities, net

—

(721

)

—

(721

)

Payments from the disposition of long-term assets

—

(128

)

—

(128

)

Other, net

—

(1,783

)

—

(1,783

)

Net cash used in investing activities

—

(58,194

)

(37

)

—

(58,231

)

Cash flows from financing activities:

Proceeds from issuance of Senior Subordinated Notes due 2022

375,000

—

375,000

Repurchase of Senior Subordinated Notes due 2019

(496,903

)

—

(496,903

)

Payment of initial public offering costs

(281

)

—

(281

)

Deferred financing costs

(7,568

)

—

(7,568

)

Principal payments under capital and financing lease obligations

—

(1,672

)

—

(1,672

)

Principle payments under Term Loan

(1,938

)

—

(1,938

)

Change in intercompany advances

116,181

(116,542

)

361

—

Net cash provided by (used in) financing activities

(15,228

)

(118,495

)

361

—

(133,362

)

Effect of exchange rate changes on cash and equivalents

—

(53

)

—

)

Net increase (decrease) in cash and equivalents

(193,171

)

(86

)

—

(193,177

)

Cash and equivalents at beginning of period

485

501,989

41,837

—

544,311

Cash and equivalents at end of period

565

308,818

41,751

—

351,134

(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

28,805

3,951

3,126

—

35,882

Cash flows from investing activities:

Capital expenditures

—

(39,345

)

—

(39,350

)

Investments in non-consolidated entities, net

—

(2,665

)

—

(2,671

)

Acquisition of Rave theatres, net of cash acquired

—

(315

)

—

(315

)

Proceeds from the disposition of long-term assets

—

4,991

—

4,991

Other, net

—

(956

)

—

(956

)

Net cash used in investing activities

—

(38,290

)

(11

)

—

(38,301

)

Cash flows from financing activities:

Deferred financing costs

(175

)

—

(175

)

Principal payments under capital and financing lease obligations

—

(1,511

)

—

(1,511

)

Principle payments under Term Loan

(2,001

)

—

(2,001

)

Change in construction payables

—

(20,541

)

—

(20,541

)

Change in intercompany advances

(26,638

)

29,656

(3,018

)

—

Net cash provided by (used in) financing activities

(28,814

)

7,604

(3,018

)

—

(24,228

)

Effect of exchange rate changes on cash and equivalents

—

(57

)

—

(48

)

Net increase (decrease) in cash and equivalents

)

(26,792

)

106

—

(26,695

)

Cash and equivalents at beginning of period

308

89,168

41,452

—

130,928

Cash and equivalents at end of period

299

62,376

41,558

—

104,233