AMC ENTERTAINMENT HOLDINGS, INC. - 10-K filing on 2015-03-10

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2014

	Calendar 2014			Calendar 2013			Transition Period
(In thousands)	12 Months Ended December 31, 2014			12 Months Ended December 31, 2013			From Inception August 31, 2012 Through December 31, 2012			March 30, 2012 through August 30, 2012
	(Successor)			(Successor)			(Successor)			(Predecessor)
Operating costs and expenses
General and administrative:
Merger, acquisition and transaction costs	$	—		$	—		$	—		$	4,245
Other		—			—			—			(2	)

Operating costs and expenses		—			—			—			4,243

Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.		(64,080	)		(364,400	)		42,670			(94,400	)
Other expense		—			—			—			—
Interest expense:
Corporate borrowings		—			—			—			—
Investment expense (income)		—			—			—			—

Total other expense (income)		(64,080	)		(364,400	)		42,670			(94,400	)

Earnings (loss) before income taxes		64,080			364,400			(42,670	)		90,157
Income tax provision		—			—			—			—

Net earnings (loss)	$	64,080		$	364,400		$	(42,670	)	$	90,157

(In thousands, except share data)	December 31, 2014			December 31, 2013
	(Successor)			(Successor)
ASSETS
Current assets:
Cash and equivalents	$	2,051		$	2,143

Total current assets		2,051			2,143
Goodwill		(2,143	)		(2,143	)
Deferred tax asset		27			—
Investment in AMC Entertainment Inc.		1,514,223			1,508,939

Total assets	$	1,514,158		$	1,508,939


LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	$	—		$	—
Class A common stock (temporary equity) ($.01 par value, 173,150 shares issued and 136,381 shares outstanding as of December 31, 2014; 173,150 shares issued and 140,466 shares outstanding as of December 31, 2013)		1,426			1,469

Stockholders' equity:
Class A common stock ($.01 par value, 524,173,073 shares authorized; 21,423,839 shares issued and outstanding as of December 31, 2014; 21,412,804 shares issued and outstanding as of December 31, 2013)		214			214
Class B common stock ($.01 par value, 75,826,927 shares authorized; 75,826,927 shares issued and outstanding as of December 31, 2014 and December 31, 2013)		758			758
Additional paid-in capital		1,172,515			1,161,152
Treasury stock (36,769 shares as of December 31, 2014 and 32,684 shares as of December 31, 2013, at cost)		(680	)		(588	)
Accumulated other comprehensive income		12,844			24,204
Accumulated earnings		327,081			321,730

Total stockholders' equity		1,512,732			1,507,470

Total liabilities and stockholders' equity	$	1,514,158		$	1,508,939

	Calendar 2014			Calendar 2013			Transition Period
(In thousands)	12 Months Ended December 31, 2014			12 Months Ended December 31, 2013			From Inception August 31, 2012 through December 31, 2012			March 30, 2012 through August 30, 2012
	(Successor)			(Successor)			(Successor)			(Predecessor)
INCREASE (DECREASE) IN CASH AND EQUIVALENTS
Cash flows from operating activities:
Net earnings (loss)	$	64,080		$	364,400		$	(42,670	)	$	90,157
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
Deferred income taxes		27			—			—			—
Equity in in (earnings) loss of AMC Entertainment Inc.		(64,080	)		(364,400	)		42,670			(94,400	)
Net change in operating activities:
Receivables and other assets		—			—			—			1,118
Accrued expenses and other liabilities		(27	)		—			—			—

Net cash used in operating activities		—			—			—			(3,125	)

Cash flows from investing activities:
Net cash provided by investing activities		—			—			—			—

Cash flows from financing activities:
Purchase of treasury stock		(92	)		—			—			—

Net cash used in financing activities		(92	)		—			—			—

Net decrease in cash and equivalents		(92	)		—			—			(3,125	)
Cash and equivalents at beginning of period		2,143			2,143			2,143			5,268

Cash and equivalents at end of period	$	2,051		$	2,143		$	2,143		$	2,143

	Class A-1 Voting Common Stock				Class A-2 Voting Common Stock				Class N Nonvoting Common Stock				Class L-1 Voting Common Stock				Class L-2 Voting Common Stock
																										Accumulated Other Comprehensive Income (Loss)
																					Additional Paid-in Capital		Treasury Stock						Accumulated Earnings (Deficit)			Total Stockholders' Equity
(In thousands, except share and per share data)	Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Shares		Amount		Additional Paid-in Capital		Treasury Stock						Accumulated Earnings (Deficit)			Total Stockholders' Equity
Predecessor
Balance March 29, 2012		382,475.00000	$	4		382,475.00000	$	4		2,021.01696	$	—		256,085.61252	$	3		256,085.61252	$	3	$	673,325	$	(2,596	)	$	(20,203	)	$	(492,939	)	$	157,601
Net earnings		—		—		—		—		—		—		—		—		—		—		—		—			—			90,157			90,157
Comprehensive earnings		—		—		—		—		—		—		—		—		—		—		—		—			9,034			—			9,034
Stock-based compensation		—		—		—		—		—		—		—		—		—		—		830		—			—			—			830

Balance August 30, 2012		382,475.00000	$	4		382,475.00000	$	4		2,021.01696	$	—		256,085.61252	$	3		256,085.61252	$	3	$	674,155	$	(2,596	)	$	(11,169	)	$	(402,782	)	$	257,622

	Class A Voting Common Stock				Class B Voting Common Stock
														Accumulated Other Comprehensive Income (Loss)
									Additional Paid-in Capital		Treasury Stock						Accumulated Earnings			Total Stockholders' Equity
	Shares		Amount		Shares		Amount		Additional Paid-in Capital		Treasury Stock						Accumulated Earnings			Total Stockholders' Equity
Successor
Balance August 30, 2012
Net loss		—	$	—		—	$	—	$	—	$	—		$	—		$	(42,670	)	$	(42,670	)
Other comprehensive income		—		—		—		—		—		—			9,444			—			9,444
Merger consideration		—		—		66,252,108		662		699,338		—			—			—			700,000
Capital contributions		—		—		9,574,819		96		99,904		—			—			—			100,000

Balance December 31, 2012		—		—		75,826,927		758		799,242		—			9,444			(42,670	)		766,774
Net earnings		—		—		—		—		—		—			—			364,400			364,400
Other comprehensive income		—		—		—		—		—		—			14,760			—			14,760
Net proceeds from IPO		21,052,632		211		—		—		355,088		—			—			—			355,299
Stock-based compensation		360,172		3		—		—		6,480		—			—			—			6,483
Purchase shares for treasury		—		—		—		—		342		(588	)		—			—			(246	)

Balance December 31, 2013		21,412,804		214		75,826,927		758		1,161,152		(588	)		24,204			321,730			1,507,470
Net earnings		—		—		—		—		—		—			—			64,080			64,080
Other comprehensive loss		—		—		—		—		—		—			(11,360	)		—			(11,360	)
Dividends declared		—		—		—		—		27		—			—			(58,729	)		(58,702	)
Stock-based compensation		11,035		—		—		—		11,293		—			—			—			11,293
Purchase shares for treasury		—		—		—		—		43		(92	)		—			—			(49	)

Balance December 31, 2014		21,423,839	$	214		75,826,927	$	758	$	1,172,515	$	(680	)	$	12,844		$	327,081		$	1,512,732