AMC Networks Earnings 2020-03-31

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

amcx-20200331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☑			Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2020


☐			Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number: 1-35106

AMC Networks Inc.

(Exact name of registrant as specified in its charter)


Delaware			27-5403694
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

11 Penn Plaza,
New York,	NY	10001
(Address of principal executive offices)			(Zip Code)

(212) 324-8500

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

AMCX

The

NASDAQ

Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company (as defined in Exchange Act Rule 12b-2).


Large accelerated filer	þ	Accelerated filer	¨

Non-accelerated filer	¨	Smaller reporting company	☐

		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

The number of shares of common stock outstanding as of April 24, 2020:


Class A Common Stock par value $0.01 per share			40,556,233
Class B Common Stock par value $0.01 per share			11,484,408

AMC NETWORKS INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

(unaudited)


	March 31, 2020		December 31, 2019
ASSETS
Current Assets:
Cash and cash equivalents	$	704,129	$	816,170
Accounts receivable, trade (less allowance for doubtful accounts of $8,610 and $5,733)	826,022		857,143
Current portion of program rights, net	17,059		426,624
Prepaid expenses and other current assets	195,191		230,360
Total current assets	1,742,401		2,330,297
Property and equipment, net of accumulated depreciation of $352,655 and $347,302	289,519		283,752
Program rights, net	1,381,950		1,038,060

Intangible assets, net	507,136		524,531
Goodwill	686,835		701,980
Deferred tax asset, net	50,813		51,545
Operating lease right-of-use asset	168,503		170,056
Other assets	489,265		496,465
Total assets	$	5,316,422	$	5,596,686
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	104,126	$	94,306
Accrued liabilities	239,584		251,214
Current portion of program rights obligations	283,239		304,692
Deferred revenue	73,334		63,921
Current portion of long-term debt	70,625		56,250
Current portion of lease obligations	33,857		33,959
Total current liabilities	804,765		804,342
Program rights obligations	210,173		239,813
Long-term debt	2,824,470		3,039,979
Lease obligations	219,709		211,047
Deferred tax liability, net	151,033		136,911
Other liabilities	156,909		163,638
Total liabilities	4,367,059		4,595,730
Commitments and contingencies
Redeemable noncontrolling interests	311,967		309,451
Stockholders' equity:
Class A Common Stock, $0.01 par value, 360,000 shares authorized, 64,347 and 63,886 shares issued and 41,244 and 44,078 shares outstanding, respectively	643		639
Class B Common Stock, $0.01 par value, 90,000 shares authorized, 11,484 shares issued and outstanding	115		115
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued	—		—
Paid-in capital	282,153		286,491
Accumulated earnings	1,676,139		1,609,428
Treasury stock, at cost (23,102 and 19,808 shares Class A Common Stock, respectively)	(1,149,138)		(1,063,181)
Accumulated other comprehensive loss	(196,364)		(167,711)
Total AMC Networks stockholders' equity	613,548		665,781
Non-redeemable noncontrolling interests	23,848		25,724
Total stockholders' equity	637,396		691,505
Total liabilities and stockholders' equity	$	5,316,422	$	5,596,686

See accompanying notes to condensed consolidated financial statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share amounts)

(unaudited)


	Three Months Ended March 31,
	2020		2019
Revenues, net	$	734,375	$	784,221
Operating expenses:
Technical and operating (excluding depreciation and amortization)	344,060		340,148
Selling, general and administrative	184,649		172,512
Depreciation and amortization	26,730		24,056

Restructuring and other related charges	5,966		2,642
Total operating expenses	561,405		539,358
Operating income	172,970		244,863
Other income (expense):
Interest expense	(37,564)		(39,645)
Interest income	4,555		4,200
Loss on extinguishment of debt	(2,908)		—
Miscellaneous, net	(29,939)		(12,785)
Total other (expense) income	(65,856)		(48,230)
Income from operations before income taxes	107,114		196,633
Income tax expense	(33,588)		(46,476)
Net income including noncontrolling interests	73,526		150,157
Net income attributable to noncontrolling interests	(4,859)		(6,760)
Net income attributable to AMC Networks' stockholders	$	68,667	$	143,397

Net income per share attributable to AMC Networks' stockholders:
Basic	$	1.24	$	2.53
Diluted	$	1.22	$	2.48

Weighted average common shares:
Basic	55,477		56,588
Diluted	56,061		57,725

See accompanying notes to condensed consolidated financial statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)


	Three Months Ended March 31,
	2020		2019
Net income including noncontrolling interests	$	73,526	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(27,121)		(5,762)
Unrealized loss on interest rate swaps	(1,997)		(639)
Other comprehensive loss, before income taxes	(29,118)		(6,401)
Income tax benefit	465		149
Other comprehensive loss, net of income taxes	(28,653)		(6,252)
Comprehensive income	44,873		143,905
Comprehensive income attributable to noncontrolling interests	(3,698)		(6,722)
Comprehensive income attributable to AMC Networks' stockholders	$	41,175	$	137,183

See accompanying notes to condensed consolidated financial statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(in thousands)

(unaudited)


	Class A Common Stock		Class B Common Stock		Paid-in Capital		Accumulated Earnings		Treasury Stock		Accumulated Other Comprehensive Loss		AMC Networks Stockholders’ Equity		Noncontrolling Interests		Total Stockholders' Equity
December 31, 2019	$	639	$	115	$	286,491	$	1,609,428	$	(1,063,181)	$	(167,711)	$	665,781	$	25,724	$	691,505
Net income attributable to AMC Networks’ stockholders	—		—		—		68,667		—		—		68,667		—		68,667
Net loss attributable to non-redeemable noncontrolling interests	—		—		—		—		—		—		—		(267)		(267)
Adoption of ASU 2016-13, credit losses	—		—		—		(1,956)		—		—		(1,956)		—		(1,956)
Distributions to noncontrolling member	—		—		—		—		—		—		—		(448)		(448)

Treasury stock not yet settled	—		—		(10,988)		—		—		—		(10,988)		—		(10,988)
Other comprehensive loss	—		—		—		—		—		(28,653)		(28,653)		(1,161)		(29,814)
Share-based compensation expense	—		—		15,512		—		—		—		15,512		—		15,512


Treasury stock acquired	—		—		—		—		(85,957)		—		(85,957)		—		(85,957)
Restricted stock units converted to shares	4		—		(8,862)		—		—		—		(8,858)		—		(8,858)
Balance, March 31, 2020	$	643	$	115	$	282,153	$	1,676,139	$	(1,149,138)	$	(196,364)	$	613,548	$	23,848	$	637,396


	Class A Common Stock		Class B Common Stock		Paid-in Capital		Accumulated Earnings		Treasury Stock		Accumulated Other Comprehensive Loss		AMC Networks Stockholders’ Equity		Noncontrolling Interests		Total Stockholders' Equity
December 31, 2018	$	633	$	115	$	239,767	$	1,228,942	$	(992,583)	$	(160,194)	$	316,680	$	28,528	$	345,208
Net income attributable to AMC Networks’ stockholders	—		—		—		143,397		—		—		143,397		—		143,397
Net income attributable to non-redeemable noncontrolling interests	—		—		—		—		—		—		—		942		942
Distributions to noncontrolling member	—		—		—		—		—		—		—		(361)		(361)



Settlement of treasury stock	—		—		985		—		—		—		985		—		985
Other comprehensive income	—		—		—		—		—		(6,252)		(6,252)		38		(6,214)
Proceeds from the exercise of stock options	—		—		4,630		—		—		—		4,630		—		4,630
Share-based compensation expense	—		—		19,899		—		—		—		19,899		—		19,899
Treasury stock acquired	—		—		—		—		(991)		—		(991)		—		(991)
Restricted stock units converted to shares	1		—		(22,959)		—		—		—		(22,958)		—		(22,958)
Balance, March 31, 2019	$	634	$	115	$	242,322	$	1,372,339	$	(993,574)	$	(166,446)	$	455,390	$	29,147	$	484,537

See accompanying notes to consolidated financial statements.

AMC NETWORKS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)


	Three Months Ended March 31,
	2020		2019
Cash flows from operating activities:
Net income including noncontrolling interests	$	73,526	$	150,157
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	26,730		24,056

Share-based compensation expense related to equity classified awards	15,512		19,899
Non-cash restructuring and other related charges	3,928		1,171
Amortization and write-off of program rights	223,982		205,275
Amortization of deferred carriage fees	6,783		2,710
Unrealized foreign currency transaction loss (gain)	7,848		(4,501)

Amortization of deferred financing costs and discounts on indebtedness	1,918		1,954
Loss on extinguishment of debt	2,908		—
Bad debt expense	1,211		2,353
Deferred income taxes	15,900		(8,858)
Write-down of non-marketable equity securities and note receivable	20,000		17,741
Other, net	1,044		1,142
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	27,178		(1,429)
Prepaid expenses and other assets	17,532		(26,233)
Program rights and obligations, net	(221,627)		(190,651)
Income taxes payable	369		40,114
Deferred revenue	9,522		(4,200)
Deferred carriage fees, net	(15,484)		(422)
Accounts payable, accrued liabilities and other liabilities	(20,372)		(58,591)
Net cash provided by operating activities	198,408		171,687
Cash flows from investing activities:
Capital expenditures	(12,916)		(22,053)
Return of capital from investees	—		3,908
Principal payment received on loan to investee	1,250		—
Proceeds from sale of investments	10,000		—
Net cash used in investing activities	(1,666)		(18,145)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	5,000		2,521
Principal payments on long-term debt	(209,375)		(3,238)
Deemed repurchases of restricted stock units	(8,858)		(22,959)
Purchase of treasury stock	(85,957)		(991)
Proceeds from stock option exercises	—		4,630
Principal payments on finance lease obligations	(781)		(1,309)
Distributions to noncontrolling interests	(3,081)		(5,629)
Net cash used in financing activities	(303,052)		(26,975)
Net increase (decrease) in cash and cash equivalents from operations	(106,310)		126,567
Effect of exchange rate changes on cash and cash equivalents	(5,731)		2,229
Cash and cash equivalents at beginning of period	816,170		554,886
Cash and cash equivalents at end of period	$	704,129	$	683,682

See accompanying notes to condensed consolidated financial statements.

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1. Description of Business and Basis of Presentation

Description of Business

AMC Networks Inc. ("AMC Networks") and its subsidiaries (collectively referred to as the "Company") own and operate entertainment businesses and assets. The Company is comprised of two operating segments:

•National Networks: Includes activities of our five national programming networks, AMC Studios operations and AMC Broadcasting & Technology. Our national programming networks are AMC, WE tv, BBC AMERICA, IFC and SundanceTV and also include our AMC Premiere service. Our AMC Studios operations produces original programming for our programming networks and also licenses such program rights worldwide. AMC Networks Broadcasting & Technology is our technical services business, which primarily services most of the national programming networks.

•International and Other: Includes AMC Networks International ("AMCNI"), our international programming businesses consisting of a portfolio of channels around the world; AMC Networks SVOD, consisting of our targeted subscription streaming services, Acorn TV, Shudder, Sundance Now, and UMC; Levity, our production services and comedy venues business; and IFC Films, our independent film distribution business.

Basis of Presentation

Principles of Consolidation

The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling voting interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation.

Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting.

Unaudited Interim Financial Statements

These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2019 contained in the Company's Annual Report on Form 10-K ("2019 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented.

The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2020.

Risks and Uncertainties

In March 2020, the World Health Organization characterized the novel coronavirus ("COVID-19") a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. The rapid spread of the pandemic and the continuously evolving responses to combat it have had an increasingly negative impact on the global economy.

The impact of COVID-19 and measures to prevent its spread are affecting our businesses in a number of ways. Beginning in mid-March, the Company experienced adverse advertising sales impacts and suspended content production, which has led to delays in the creation and availability of some of its television programming. Operationally, nearly all Company employees are working remotely, and the Company has restricted business travel. If significant portions of our workforce, including key personnel, are unable to work effectively because of illness, government actions or other restrictions in connection with the COVID-19 pandemic, the impact of the pandemic on our businesses could be exacerbated.

The Company has evaluated and continues to evaluate the potential impact of the COVID-19 pandemic on its consolidated financial statements, including the impairment of goodwill and indefinite-lived intangible assets and the fair value and collectibility of receivables. The ultimate impact of the COVID-19 pandemic, including the extent of any adverse impact on our business, results of operations and financial condition, will depend on, among other things, the duration and spread of the pandemic, the impact of governmental regulations that have been, and may continue to be, imposed in response to the pandemic, the effectiveness of actions taken to contain or mitigate the outbreak, and global economic conditions. Although the effect of the pandemic may not be fully reflected in the Company’s business until future periods, the Company believes that the adverse impact of the COVID-19 pandemic will be material to its results of operations. The Company does not expect the

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(unaudited)

COVID-19 pandemic and its related economic impact to affect its liquidity position or its ongoing ability to meet the covenants in its debt instruments.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.

Recently Adopted Accounting Standards

Effective January 1, 2020, the Company adopted Financial Accounting Standard Board (the “FASB”) Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments, which changed the impairment model for most financial assets and certain other instruments, including trade and other receivables, held-to-maturity debt securities and loans, and requires entities to use a new forward-looking "expected loss" model that would generally result in the earlier recognition of allowances for losses. The Company adopted the standard using the modified retrospective approach and recorded a decrease to opening retained earnings of $2.0 million, after taxes, for the cumulative-effect of the adoption.

Effective January 1, 2020, the Company adopted FASB ASU No. 2018-13, Fair Value Measurement (Topic 820). The standard changed the disclosure requirements related to transfers between Level I and II assets, as well as several aspects surrounding the valuation process and unrealized gains and losses related to Level III assets. The adoption of the standard did not have any effect on the Company's consolidated financial statements.

Effective January 1, 2020, the Company adopted FASB ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. The standard amended prior guidance to align the accounting for costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing costs associated with developing or obtaining internal-use software. Capitalized implementation costs must be expensed over the term of the hosting arrangement and presented in the same line item in the income statement as the fees associated with the hosting element (service) of the arrangement. The adoption of the standard did not have a material effect on the Company's consolidated financial statements.

Effective January 1, 2020, the Company adopted FASB ASU No. 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials. The standard aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, the standard modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (“ASC”) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. The Company adopted the standard on a prospective basis. See Note 5 for further information.

Recently Issued Accounting Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 - Income Taxes. These changes are effective for the first quarter of 2021, with early adoption permitted. The Company is currently evaluating the impact the adoption will have on its consolidated financial statements.

Note 2. Revenue Recognition

Transaction Price Allocated to Future Performance Obligations

As of March 31, 2020, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to future performance obligations was not material to our consolidated revenues.

Contract Balances from Contracts with Customers

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(unaudited)

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.


(In thousands)	March 31, 2020		December 31, 2019
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,109,949	$	1,121,834
Contract assets, short-term (included in Other current assets)	7,303		7,283
Contract assets, long-term (included in Other assets)	2,877		9,964
Contract liabilities (Deferred revenue)	73,334		63,921

Revenue recognized for the three months ended March 31, 2020 relating to the contract liability at December 31, 2019 was $11.7 million.

Note 3. Net Income per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:


(In thousands)	Three Months Ended March 31,
		2020		2019
Basic weighted average common shares outstanding	55,477		56,588
Effect of dilution:
Stock options	—		33
Restricted stock units	584		1,104
Diluted weighted average common shares outstanding	56,061		57,725

Approximately 1.3 million and 1.5 million restricted stock units outstanding as of March 31, 2020 and March 31, 2019 have been excluded from diluted weighted average common shares outstanding since a performance condition for these awards was not met in each of the respective periods. As of March 31, 2020, there were 0.4 million restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding.

Stock Repurchase Program

The Company's Board of Directors has authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established closing date and may be suspended or discontinued at any time. For the three months ended March 31, 2020, the Company repurchased 3.3 million shares of its Class A Common Stock at an average purchase price of approximately $26.09 per share. As of March 31, 2020, the Company has $402.9 million of authorization remaining for repurchase under the Stock Repurchase Program.

Note 4. Restructuring and Other Related Charges

Restructuring and other related charges of $6.0 million for the three months ended March 31, 2020 related to restructuring costs associated with termination of distribution in certain territories as well as severance and other personnel related costs associated with previously announced restructuring activities.

The following table summarizes the restructuring and other related charges recognized by operating segment:


(In thousands)	Three Months Ended March 31,
			2020			2019
National Networks	$	1,509		$	303
International & Other	4,457			3,035
Inter-segment eliminations	—			(696)
Total restructuring and other related charges	$	5,966		$	2,642

The following table summarizes the accrued restructuring costs:

AMC NETWORKS INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

(unaudited)


(In thousands)	Severance and employee-related costs		Other exit costs		Total
December 31, 2019	$	27,407	$	221	$	27,628
Charges	3,081		2,885		5,966
Cash payments	(16,402)		(100)		(16,502)
Non-cash adjustments	(1,251)		(2,894)		(4,145)
Currency translation	—

Price	48.14	EPS	8
Shares	57	P/E	6
MCap	2,754	P/FCF	7
Net Debt	2,368	EBIT	657
TEV	5,123	TEV/EBIT	8
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-03-31	Filed 2020-05-05
10-K	2019-12-31	Filed 2020-02-27
10-Q	2019-09-30	Filed 2019-10-31
10-Q	2019-06-30	Filed 2019-07-31
10-Q	2019-03-31	Filed 2019-05-01
10-K	2018-12-31	Filed 2019-03-01
10-Q	2018-09-30	Filed 2018-11-01
10-Q	2018-06-30	Filed 2018-08-02
10-Q	2018-03-31	Filed 2018-05-10
10-K	2017-12-31	Filed 2018-03-01
10-Q	2017-09-30	Filed 2017-11-02
10-Q	2017-06-30	Filed 2017-08-03
10-Q	2017-03-31	Filed 2017-05-04
10-K	2016-12-31	Filed 2017-02-24
10-Q	2016-09-30	Filed 2016-11-03
10-Q	2016-06-30	Filed 2016-08-04
10-Q	2016-03-31	Filed 2016-05-05
10-K	2015-12-31	Filed 2016-02-25
10-Q	2015-09-30	Filed 2015-11-05
10-Q	2015-06-30	Filed 2015-08-06
10-Q	2015-03-31	Filed 2015-05-04
10-K	2014-12-31	Filed 2015-02-26
10-Q	2014-09-30	Filed 2014-11-06
10-Q	2014-06-30	Filed 2014-08-07
10-Q	2014-03-31	Filed 2014-05-08
10-K	2013-12-31	Filed 2014-02-27
10-Q	2013-09-30	Filed 2013-11-07
10-Q	2013-06-30	Filed 2013-08-08
10-Q	2013-03-31	Filed 2013-05-09
10-Q	2012-09-30	Filed 2012-11-08
10-Q	2012-06-30	Filed 2012-08-09
10-Q	2012-03-31	Filed 2012-05-10
10-K	2011-12-31	Filed 2012-03-15
10-Q	2011-09-30	Filed 2011-11-10
10-Q	2011-06-30	Filed 2011-08-11

8-K	2020-05-05	Earnings, Exhibits
8-K	2020-03-27	Other Events
8-K	2020-02-26	Earnings, Exhibits
8-K	2019-10-31	Earnings, Exhibits
8-K	2019-07-31	Earnings, Exhibits
8-K	2019-06-14	Shareholder Vote
8-K	2019-05-01	Earnings, Exhibits
8-K	2019-02-28	Earnings, Exhibits
8-K	2018-11-01	Earnings, Exhibits
8-K	2018-10-12	Officers, Exhibits
8-K	2018-08-02	Earnings, Exhibits
8-K	2018-07-29	Regulation FD, Other Events, Exhibits
8-K	2018-06-14	Shareholder Vote
8-K	2018-06-13	Other Events, Exhibits
8-K	2018-05-10
8-K	2018-03-01	Earnings, Exhibits
8-K	2018-02-26	Regulation FD, Other Events, Exhibits

EX-10.1	amcx-3312020xex101.htm
EX-22	amcx-3312020xex22.htm
EX-31.1	amcx-3312020xex311.htm
EX-31.2	amcx-3312020xex312.htm
EX-32	amcx-3312020xex32.htm


			Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Condensed Consolidated Balance Sheets			1
Condensed Consolidated Statements of Income			2
Condensed Consolidated Statements of Comprehensive Income			3
Condensed Consolidated Statements of Stockholders' Equity			4
Condensed Consolidated Statements of Cash Flows			5
Notes to Condensed Consolidated Financial Statements			6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			22
Item 3. Quantitative and Qualitative Disclosures About Market Risk			36
Item 4. Controls and Procedures			37
PART II. OTHER INFORMATION
Item 1. Legal Proceedings			38
Item 1 A . Risk Factors			38
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			38
Item 6. Exhibits			39
SIGNATURES			40

AMCX 10Q Quarterly Report

AMC Networks Earnings 2020-03-31