STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2022

STOCKHOLDERS' EQUITY

Summary of stock based compensation

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
(In millions)	2022		2021		2022		2021
Board of director stock award expense	$	—	$	—	$	0.8	$	0.9
Restricted stock unit expense		3.5		3.5		6.3		5.7
Performance stock unit expense		15.9		3.4		18.8		4.2
Special performance stock unit expense		—		1.5		—		3.0
Total stock-based compensation expense	$	19.4	$	8.4	$	25.9	$	13.8

Schedule of Nonvested RSU, PSU and SPSU Activity

		Weighted
		Average
	Shares of RSU	Grant Date
	and PSU	Fair Value
Nonvested at January 1, 2022 (1)	7,841,733	$	7.92
Granted (2)	2,778,132		19.59
Vested	(2,799,845)		7.17
Forfeited	(336,960)		11.62
Cancelled (3)	(2,358,278)		7.16
Nonvested at June 30, 2022	5,124,782	$	14.77
Tranche Years 2023 and 2024 awarded under the 2022 PSU award and Tranche Year 2023 awarded under the 2021 PSU award with grant date fair values to be determined in years 2023 and 2024, respectively	1,267,959
Total Nonvested at June 30, 2022	6,392,741

(1) Includes awards modified during 2020 where grant date fair value was not determined until 2022.

(2) The number of PSU shares granted under the Tranche Year 2022 assumes the Company will attain a performance target at 200% for the Adjusted EBITDA target and 120% for the free cash flow target. The PSUs vest ratably based on a scale ranging from 80% to 120% of the performance target with the vested amount ranging from 50% to 200% for Tranche Year 2022 awards granted under the 2022, 2021 and 2020 PSU awards.

(3) Represents vested RSUs and PSUs surrendered in lieu of taxes and cancelled awards returned to the 2013 Equity Incentive plan. As a result, the Company paid taxes for restricted unit withholdings of approximately $52.2 million during the six months ended June 30, 2022.

Schedule of Stockholder's Equity

						Accumulated
	Class A Voting			Additional		Other				Total
	Common Stock			Paid-in		Comprehensive		Accumulated		Stockholders’
(In millions, except share and per share data)	Shares	Amount		Capital		Loss		Deficit		Equity (Deficit)
Balances December 31, 2021	513,979,100	$	5.1	$	4,857.5	$	(28.1)	$	(6,624.0)	$	(1,789.5)
Net loss	—		—		—		—		(337.4)		(337.4)
Other comprehensive loss	—		—		—		(5.8)		—		(5.8)
Taxes paid for restricted unit withholdings	—		—		(52.2)		—		—		(52.2)
Stock-based compensation (1)	2,841,495		0.1		6.5		—		—		6.6
Balances March 31, 2022	516,820,595	$	5.2	$	4,811.8	$	(33.9)	$	(6,961.4)	$	(2,178.3)
Net loss	—		—		—		—		(121.6)		(121.6)
Other comprehensive income	—		—		—		(46.3)		—		(46.3)
Stock-based compensation	—		—		19.4		—		—		19.4
Balances June 30, 2022	516,820,595	$	5.2	$	4,831.2	$	(80.2)	$	(7,083.0)	$	(2,326.8)

(1) Includes 41,650 shares awarded to Board of Directors and 2,799,845 vested RSUs and PSUs.

												Accumulated
	Class A Voting			Class B Voting			Additional					Other				Total AMC
	Common Stock			Common Stock			Paid-in		Treasury Stock			Comprehensive		Accumulated		Stockholders’		Noncontrolling		Total
(In millions, except share and per share data)	Shares	Amount		Shares	Amount		Capital		Shares	Amount		Income (Loss)		Deficit		Equity (Deficit)		Interests		Deficit
Balances December 31, 2020	172,563,249	$	1.8	51,769,784	$	0.5	$	2,465.6	3,732,625	$	(56.4)	$	38.7	$	(5,335.3)	$	(2,885.1)	$	26.9	$	(2,858.2)
Net loss	—		—	—		—		—	—		—		—		(566.9)		(566.9)		(0.3)		(567.2)
Other comprehensive loss	—		—	—		—		—	—		—		(51.0)		—		(51.0)		(0.2)		(51.2)
Baltics noncontrolling capital contribution	—		—	—		—		0.2	—		—		—		—		0.2		(4.0)		(3.8)
Class A common stock, accrued dividend equivalent adjustment	—		—	—		—		—	—		—		—		(0.1)		(0.1)		—		(0.1)
Class A common stock issuance	187,066,293		1.8	—		—		579.8	—		—		—		—		581.6		—		581.6
Wanda conversion of Class B shares to Class A shares	46,103,784		0.5	(46,103,784)		(0.5)		—	—		—		—		—		—		—		—
Convertible Notes due 2026 stock conversion	44,422,860		0.4	—		—		606.1	—		—		—		—		606.5		—		606.5
Wanda forfeit and cancellation of Class B shares	—		—	(5,666,000)		—		—	—		—		—		—		—		—		—
Stock-based compensation	124,054		—	—		—		5.4	—		—		—		—		5.4		—		5.4
Balances March 31, 2021	450,280,240	$	4.5	—	$	—	$	3,657.1	3,732,625	$	(56.4)	$	(12.3)	$	(5,902.3)	$	(2,309.4)	$	22.4	$	(2,287.0)
Net loss	—		—	—		—		—	—		—		—		(343.6)		(343.6)		(0.4)		(344.0)
Other comprehensive income	—		—	—		—		—	—		—		21.4		—		21.4		—		21.4
100% liquidation of Baltics	—		—	—		—		—	—		—		(0.9)		—		(0.9)		(22.0)		(22.9)
Class A common stock, accrued dividend equivalent adjustment	—		—	—		—		—	—		—		—		(0.2)		(0.2)		—		(0.2)
Class A common stock issuance	54,550,000		0.5	—		—		951.6	(3,732,625)		56.4		—		(19.3)		989.2		—		989.2
Class A common stock issuance to Mudrick	8,500,000		0.1	—		—		230.3	—		—		—		—		230.4		—		230.4
Stock-based compensation	—		—	—		—		8.4	—		—		—		—		8.4		—		8.4
Balances June 30, 2021	513,330,240	$	5.1	—	$	—	$	4,847.4	—	$	—	$	8.2	$	(6,265.4)	$	(1,404.7)	$	—	$	(1,404.7)