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Financial statements

AMC ENTERTAINMENT HOLDINGS, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AMC ENTERTAINMENT HOLDINGS, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue3,2365,0795,4615,5001,2422,5283,9114,8134,6374,849
Cost of revenue1,090
Gross profit2,146
General and administrative133179153
Operating expenses20.220.62414.8-9.40.282.55.414.6
Operating income214102265136-4,103-930-522-74.3-79.3-17.4
Interest expense122274342341357458379411444530
Interest income5.915.419.28
Other non-operating income-0.31.5108-13.4-28.987.9-55.276.8156-112
Pre-tax income150-333124-172-4,530-1,280-971-393-351-628
Income tax3815413.6-22.559.9-10.22.53.42.14.5
Income from continuing operations112-487110
Net income to minority interests-0.3-0.7
Net income112-487110-149-4,589-1,269-974-397-353-632
EBITDA482641803586-3,604-505-126291240296
EPS, basic5.65-18.994.55-7.20-195.65-13.29-9.29-2.37-1.06-1.34
EPS, diluted5.65-18.992.05-7.20-195.65-13.29-9.29-2.37-1.06-1.34
Shares, basic (weighted)19.825.724.120.823.595.5105168333473
Shares, diluted (weighted)19.825.72620.823.595.5105168333473
Dividend per share4.004.00

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2073103132653081,593632884632429
Receivables21427226025491169167204168156
Other current assets16920319814374.681.581.18898.397.2
Total current assets6848727816734871,8709021,203947731
Property, plant and equipment3,0363,1173,0402,5762,2601,9141,6801,5221,4081,338
Lease right-of-use assets4,7964,4524,1563,8033,5453,2203,137
Goodwill3,9334,9324,7894,7892,5472,4302,3422,3592,3012,416
Intangible assets365381352195163153147147144147
Other non-current assets534476506503305249222196193212
Total assets8,6429,8069,49613,67610,27610,8229,1369,0098,2488,018
Accounts payable502570453543299377331321378383
Deferred revenue277401
Short-term debt15.215.215.22020202025.164.219.9
Total current liabilities1,1891,4091,3281,9331,5791,7881,6901,6321,7451,772
Long-term debt3,7464,2204,7084,7335,6965,4085,1214,5524,0114,019
Lease liabilities4,9144,9584,6454,2534,0013,6283,485
Other non-current liabilities70790496319624116510510381.995.2
Total liabilities6,6317,6938,09812,46213,13512,61111,76010,85710,0089,913
Total debt3,8344,3124,8684,9115,4125,1694,9494,5044,1354,024
Paid-in capital1,6272,2421,9982,0022,4664,8575,0506,2226,7147,122
Retained earnings384-208-551-706-5,335-6,624-7,598-7,994-8,347-8,979
Treasury stock-0.7-48.2-56.4-56.4-56.4
Other comprehensive income-2.51265.5-26.138.7-28.1-77.3-78.2-132-42.2
Shareholders' equity2,0102,1121,3981,214-2,858-1,790-2,625-1,848-1,761-1,895
Minority interests26.9
Total equity2,0102,1121,3981,214-2,858-1,790-2,625-1,848-1,761-1,895
Total liabilities and equity8,6429,8069,49613,67610,27610,8229,1369,0098,2488,018
Shares outstanding15.2

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income112-487110-149-4,589-1,270-974-397-353-632
Depreciation and amortization268539538450498425396365320313
Stock-based compensation4.95.714.94.425.443.122.542.52216.9
Deferred income tax34.1158-6.4-33.764-7.61.70.71.51.8
Change in receivables-56.7-36.6-0.20.7159-82.74-45.637.413.2
Change in payables21.534.7-85.6105-17663.8-40.4-0.760.1-7.5
Cash from operations432537523579-1,130-614-629-215-50.8-120
Capital expenditures-422-627-576-518-174-92.4-202-226-246-246
Acquisitions-11.8-8.2-17.8-4
Sales and maturities of investments13
Cash from investing-1,332-959-317-516-155-68.2-224-180-243-222
Stock issued2651,571
Share buybacks-34-21.8
Dividends paid-79.6-105-258-84.1-6.5-0.7
Cash from financing918492-195-1131,3301,991-91.364968.4125
Exchange rate effect0.617.7-5.51.5-0.3-9.5-22.13-5.312.7
Net change in cash1988.15.7-48.545.91,299-966257-231-204
Free cash flow10-89.4-53.160.9-1,303-707-831-441-296-366
Interest paid105227278285238275379421402407
Income taxes paid4.710.9-19.51.710.57.4-0.8-4.3-0.7-2.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.94 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin4.4%Operating income / revenue.
EBITDA margin10.3%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-10.5%Pre-tax income / revenue.
Net margin-10.6%Net income / revenue.
FCF margin-0.4%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin4.2%Cash from operations / revenue.
Return on assets (ROA)-6.9%Net income / average total assets.
Return on invested capital (ROIC)11.1%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue0.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue4.6%Capital expenditures / revenue.
D&A / revenue6.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y4.6%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y7.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y31.3%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y23.2%EBITDA vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-2.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-4.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-4.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y42.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y65.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y82.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.55xCurrent assets / current liabilities.
Quick ratio0.48x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.41x(Cash + short-term investments) / current liabilities.
Debt / assets47.9%Total debt / total assets.
Liabilities / assets118.1%Total liabilities / total assets.
Net debt$3.07BTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA5.70xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage0.41xOperating income / interest expense.
Working capital-$859.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets31.4%(Goodwill + intangible assets) / total assets.
Tangible book value-$3.98BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.65xRevenue / average total assets.
Fixed asset turnover3.98xRevenue / average property, plant and equipment.
Receivables turnover41.6xRevenue / average receivables.
Days sales outstanding9 days365 x average receivables / revenue.
Capex / operating cash flow110.2%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.77Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$7.24Revenue / diluted weighted shares.
FCF per share-$0.03Free cash flow / diluted weighted shares.
Operating cash flow per share$0.30Cash from operations / diluted weighted shares.
Book value per share-$2.01Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$5.51Tangible book value / shares outstanding.
Cash per share$1.08(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$2.62BShare price x shares outstanding.
Enterprise value$5.70BMarket cap + total debt - cash - short-term investments.
P/S0.50xMarket cap / revenue.
P/OCF12.0xMarket cap / cash from operations, when positive.
EV/Sales1.09xEnterprise value / revenue.
EV/EBIT25.0xEnterprise value / operating income, when both are positive.
EV/EBITDA10.6xEnterprise value / EBITDA, when both are positive.
FCF yield-0.9%Free cash flow / market cap.
Earnings yield-21.1%Net income / market cap (the inverse of P/E).
What was AMC ENTERTAINMENT HOLDINGS, INC.'s revenue in fiscal 2025?

AMC ENTERTAINMENT HOLDINGS, INC. reported revenue of $4.85B for fiscal 2025, 4.6% higher than the year before.

Was AMC ENTERTAINMENT HOLDINGS, INC. profitable in fiscal 2025?

No. It reported a net loss of $632.4M.

How much free cash flow did AMC ENTERTAINMENT HOLDINGS, INC. generate in fiscal 2025?

Cash from operations of $119.8M minus capital expenditures of $246.1M left free cash flow of -$365.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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