AMC Networks Inc. (AMCX) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  555559481316201
Cash and cash equivalents  555559481316201
Receivables814857836776701679591
Contract with customer, asset1079
Deferred costs  1730445047
Deferred tax assets   1625
Other undisclosed current assets1,1151,466547515470476465
Total current assets:1,9392,3301,9631,8801,6961,5371,329
Noncurrent Assets
Finance lease, right-of-use asset1316
Operating lease, right-of-use asset147170
Property, plant and equipment256284246184167164134
Long-term investments and receivables3373422732581147959
Long-term investments706991108   
Accounts and financing receivable, after allowance for credit loss2682731821501147959
Intangible assets, net (including goodwill)1,0971,2271,3771,1521,1441,2851,325
Goodwill686702798695658736734
Intangible assets, net (excluding goodwill)411525579457486549591
Contract with customer, asset, net1108
Regulated entity, other noncurrent assets71114171520 
Deferred income tax assets2552
Other noncurrent assets514496442448313201182
Deferred tax assets, net19209 (128)
Other undisclosed noncurrent assets9116609361,0741,0239781,076
Total noncurrent assets:3,3083,2663,3153,1532,7842,7282,648
TOTAL ASSETS:5,2465,5975,2795,0334,4814,2653,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities441346372365373325450
Accounts payable1219410710289124102
Accrued liabilities320251265263284201205
Employee-related liabilities      103
Taxes payable      12
Interest and dividends payable      29
Deferred revenue7164
Debt795621522214874
Restructuring reserve26      
Program rights obligations259305344328301290271
Deferred revenue and credits46546437
Other undisclosed current liabilities33461 54(100)
Total current liabilities:878804797744954831732
Noncurrent Liabilities
Long-term debt and lease obligation2,9693,0403,1103,1262,6332,5502,713
Long-term debt, excluding current maturities2,7743,0403,0883,0992,5972,5202,686
Finance lease, liability28 
Capital lease obligations2126353027
Operating lease, liability166 
Liabilities, other than long-term debt440540727781676681679
Deferred tax liabilities, net145110146137128
Deferred income tax liabilities132137
Other liabilities12616420813613210486
Program rights obligations183240373535398441466
Other undisclosed noncurrent liabilities 211     
Total noncurrent liabilities:3,4093,7913,8363,9063,3093,2313,392
Total liabilities:4,2884,5964,6344,6504,2634,0624,124
Temporary equity, carrying amount316309300219219212205
Stockholders' equity
Stockholders' equity attributable to parent, including:617666317135(30)(39)(372)
Treasury stock, value(1,420)(1,063)(993)(709)(275)(52)(52)
Additional paid in capital323286240191143123101
Accumulated other comprehensive loss(135)(168)(160)(114)(194)(136)(79)
Retained earnings (accumulated deficit)1,8471,6091,22976729525(342)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest26262929283120
Total stockholders' equity:643692345164(2)(9)(352)
TOTAL LIABILITIES AND EQUITY:5,2465,5975,2795,0334,4814,2653,977

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,8153,0602,9722,8062,7562,5812,176
Revenue, net2,8062,7562,5812,176
Cost of revenue(1,402)(1,507)(1,446)(1,341)(1,280)(1,137)(984)
Gross profit:1,4131,5531,5261,4651,4761,4441,192
Operating expenses(971)(915)(799)(714)(818)(735)(647)
Other undisclosed operating income (loss) (13) (28)  1
Operating income:443625727722658709546
Nonoperating expense(40)(139)(107)(82)(203)(126)(149)
Investment income, nonoperating3025191552(2)
Foreign currency transaction loss, before tax      (47)
Other nonoperating income (expense)71(6)2940(34)(1)(20)
Interest and debt expense(3)(158)(155)(3)(51)(128)(130)
Income from continuing operations before equity method investments, income taxes:399328465637404455267
Other undisclosed income from continuing operations before income taxes3158155351128130
Income from continuing operations before income taxes:402486620640455583397
Income tax expense(145)(78)(156)(151)(165)(201)(129)
Income from continuing operations:257408464490290382268
Loss from discontinued operations      (3)
Net income:257408464490290382264
Net loss attributable to noncontrolling interest(17)(27)(18)(18)(19)(15)(4)
Net income attributable to parent:240380446471271367261
Preferred stock dividends and other adjustments      (0)
Net income available to common stockholders, diluted:240380446471271367261

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:257408464490290382264
Other comprehensive income (loss)33(7)(44)83(61)(59)(75)
Other undisclosed comprehensive income (loss) (0)2(3)32 
Comprehensive income:290400422569232325190
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(27)(16)(21)(16)(13)(1)
Comprehensive income, net of tax, attributable to parent:273373406548216312188

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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