AMC Networks Inc. (AMCX) financial statements (2022 and earlier)

Company profile

Business Address 11 PENN PLAZA
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   555559481316
Cash and cash equivalents   555559481316
Receivables815814857836776701679
Contract with customer, asset691079
Deferred costs   17304450
Deferred tax assets   16
Other undisclosed current assets1,1151,1151,466547515470476
Total current assets:2,0001,9392,3301,9631,8801,6961,537
Noncurrent Assets
Finance lease, right-of-use asset121316
Operating lease, right-of-use asset126147170
Property, plant and equipment226256284246184167164
Long-term investments and receivables38733734227325811479
Long-term investments94706991108  
Accounts and financing receivable, after allowance for credit loss29326827318215011479
Intangible assets, net (including goodwill)1,1091,0971,2271,3771,1521,1441,285
Goodwill709686702798695658736
Intangible assets, net (excluding goodwill)399411525579457486549
Contract with customer, asset, net291108
Regulated entity, other noncurrent assets1371114171520
Deferred income tax assets112552
Other noncurrent assets545514496442448313201
Deferred tax assets, net19209 
Other undisclosed noncurrent assets1,2909116609361,0741,023978
Total noncurrent assets:3,7493,3083,2663,3153,1532,7842,728
TOTAL ASSETS:5,7495,2465,5975,2795,0334,4814,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities514441346372365373325
Accounts payable1731219410710289124
Accrued liabilities340320251265263284201
Deferred revenue1677164
Debt347956215222148
Restructuring reserve026     
Program rights obligations307259305344328301290
Deferred revenue and credits465464
Other undisclosed current liabilities3633461 54
Total current liabilities:1,058878804797744954831
Noncurrent Liabilities
Long-term debt and lease obligation2,9572,9693,0403,1103,1262,6332,550
Long-term debt, excluding current maturities2,8052,7743,0403,0883,0992,5972,520
Finance lease, liability2428 
Capital lease obligations21263530
Operating lease, liability128166 
Liabilities, other than long-term debt548440540727781676681
Deferred tax liabilities, net145110146137
Deferred income tax liabilities164132137
Other liabilities166126164208136132104
Program rights obligations218183240373535398441
Other undisclosed noncurrent liabilities  211    
Total noncurrent liabilities:3,5043,4093,7913,8363,9063,3093,231
Total liabilities:4,5624,2884,5964,6344,6504,2634,062
Temporary equity, carrying amount284316309300219219212
Stockholders' equity
Stockholders' equity attributable to parent, including:851617666317135(30)(39)
Treasury stock, value(1,420)(1,420)(1,063)(993)(709)(275)(52)
Additional paid in capital348323286240191143123
Accumulated other comprehensive loss(176)(135)(168)(160)(114)(194)(136)
Retained earnings2,0981,8471,6091,22976729525
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest52262629292831
Total stockholders' equity:903643692345164(2)(9)
TOTAL LIABILITIES AND EQUITY:5,7495,2465,5975,2795,0334,4814,265

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,0782,8153,0602,9722,8062,7562,581
Revenue, net2,8062,7562,581
Cost of revenue(1,432)(1,402)(1,507)(1,446)(1,341)(1,280)(1,137)
Gross profit:1,6461,4131,5531,5261,4651,4761,444
Operating expenses(1,156)(971)(915)(799)(714)(818)(735)
Other undisclosed operating loss  (13) (28)  
Operating income:490443625727722658709
Nonoperating expense(116)(40)(139)(107)(82)(203)(126)
Investment income, nonoperating103025191552
Other nonoperating income (expense)2571(6)2940(34)(1)
Interest and debt expense(22)(3)(158)(155)(3)(51)(128)
Income from continuing operations before equity method investments, income taxes:352399328465637404455
Other undisclosed income from continuing operations before income taxes223158155351128
Income from continuing operations before income taxes:374402486620640455583
Income tax expense(94)(145)(78)(156)(151)(165)(201)
Net income:280257408464490290382
Net loss attributable to noncontrolling interest(29)(17)(27)(18)(18)(19)(15)
Net income available to common stockholders, diluted:251240380446471271367

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:280257408464490290382
Other comprehensive income (loss)(42)33(7)(44)83(61)(59)
Other undisclosed comprehensive income (loss)  (0)2(3)32
Comprehensive income:238290400422569232325
Comprehensive loss, net of tax, attributable to noncontrolling interest(28)(17)(27)(16)(21)(16)(13)
Comprehensive income, net of tax, attributable to parent:210273373406548216312

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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