8-K
filed February 28, 2023, 6:59 PM ET
ticker AMC
CIK 0001411579
earnings
confidence high
sentiment positive
materiality 0.75
AMC Q4 revenue $990.9M beat consensus; full-year revenue up 55% to $3.91B; adjusted EBITDA positive
AMC ENTERTAINMENT HOLDINGS, INC.
2022-FY EPS reported
-$0.93
revenue$3,911,400,000
- Full-year 2022 revenue $3,911M (+55% YoY); net loss narrowed to $973.6M from $1,269.8M; adjusted EBITDA turned positive at $46.6M vs -$291.7M.
- Q4 revenue $990.9M (down 15% YoY); Q4 adj EBITDA $14.5M vs $159.2M; CEO says beats consensus estimates.
- Raised ~$314M in gross proceeds from equity/debt moves in 2022; reduced debt principal by ~$390M.
- Launched AMC Perfectly Popcorn in 2,600+ Walmart stores; liquidity at Dec31 $842.7M including $211M revolver.
- Through early 2023: repurchased $66.1M second-lien notes at 45% discount; raised $75.1M via private sale of APE units.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMC ENTERTAINMENT HOLDINGS, INC. reported the year ended December 31, 2022 results: revenue $3,911.4 million, net income $(973.6) million, EPS $(0.93).
- Period
- the year ended December 31, 2022
- Revenue
- $3,911.4 million
- Net income
- $(973.6) million
- EPS
- $(0.93)
- Result
- reported results
Exact text from the filing
Full Year 2022 Summary ● Total revenues were $3,911.4 million compared to $2,527.9 million for 2021. ● Net loss decreased to $973.6 million, including a non-cash impairment charge related to long-lived assets of $133.1 million, compared to a net loss of $1,269.8 million for 2021, which included a non-cash impairment charge related to long-lived assets of $77.2 million. ● Adjusted net loss was $727.9 million compared to an adjusted net loss of $1,191.9 million for 2021. ● Net loss per diluted share was $0.93 compared to a net loss per diluted share of $1.33 for 2021. ● Adjusted net loss per diluted share was $0.69 compared to an adjusted net loss per diluted share of $1.25 for 2021. ● Adjusted EBITDA was $46.6 million compared to a loss of $291.7 million for 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMC ENTERTAINMENT HOLDINGS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $990.9 million, net income $(287.7) million, EPS $(0.26).
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $990.9 million
- Net income
- $(287.7) million
- EPS
- $(0.26)
- Result
- reported results
Exact text from the filing
Fourth Quarter Summary ● Total revenues were $990.9 million compared to $1,171.7 million for the fourth quarter of 2021. ● Net loss increased to $287.7 million, including a non-cash impairment charge related to long-lived assets of $133.1 million, compared to a net loss of $134.4 million for the fourth quarter of 2021, which included a non-cash impairment charge related to long-lived assets of $77.2 million. ● Adjusted net loss was $152.9 million compared to an adjusted net loss of $57.2 million for the fourth quarter of 2021. ● Net loss per diluted share was $0.26 compared to a net loss per diluted share of $0.13 for the fourth quarter of 2021.
View on SEC.gov
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