CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2013

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Schedule of condensed statements of operations

Successor three months ended June 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	514,141		$	1,165		$	—		$	515,306
Concessions		—			218,959			518			—			219,477
Other theatre		—			27,820			62			—			27,882
Total revenues		—			760,920			1,745			—			762,665
Operating Costs and Expenses
Film exhibition costs		—			284,834			561			—			285,395
Concession costs		—			30,448			102			—			30,550
Operating expense		158			186,132			929			—			187,219
Rent		—			113,035			507			—			113,542
General and administrative:
Merger, acquisition and transaction costs		—			706			—			—			706
Other		—			17,033			1			—			17,034
Depreciation and amortization		—			50,356			14			—			50,370
Operating costs and expenses		158			682,544			2,114			—			684,816
Operating income (loss)		(158	)		78,376			(369	)		—			77,849
Other expense (income)
Equity in net (earnings) loss of subsidiaries		(49,568	)		47			—			49,521			—
Other income		—			(294	)		—			—			(294	)
Interest expense:
Corporate borrowings		32,539			43,733			—			(43,962	)		32,310
Capital and financing lease obligations		—			2,637			—			—			2,637
Equity in earnings of non-consolidated entities		—			(23,252	)		(22	)		—			(23,274	)
Investment (income) expense		(36,385	)		(7,115	)		(180	)		43,962			282
Total other expense (income)		(53,414	)		15,756			(202	)		49,521			11,661
Earnings (loss) from continuing operations before income taxes		53,256			62,620			(167	)		(49,521	)		66,188
Income tax provision		—			12,650			—			—			12,650
Earnings (loss) from continuing operations		53,256			49,970			(167	)		(49,521	)		53,538
Earnings (loss) from discontinued operations, net of income taxes		—			(402	)		120			—			(282	)
Net earnings (loss)	$	53,256		$	49,568		$	(47	)	$	(49,521	)	$	53,256

Successor six months ended June 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	896,001		$	2,189		$	—		$	898,190
Concessions		—			386,470			944			—			387,414
Other theatre		—			54,699			164			—			54,863
Total revenues		—			1,337,170			3,297			—			1,340,467
Operating Costs and Expenses
Film exhibition costs		—			475,708			1,011			—			476,719
Concession costs		—			53,544			204			—			53,748
Operating expense		169			349,367			1,893			—			351,429
Rent		—			226,365			983			—			227,348
General and administrative:
Merger, acquisition and transaction costs		—			1,653			—			—			1,653
Other		—			33,346			1			—			33,347
Depreciation and amortization		—			98,810			22			—			98,832
Operating costs and expenses		169			1,238,793			4,114			—			1,243,076
Operating income (loss)		(169	)		98,377			(817	)		—			97,391
Other expense (income)
Equity in net (earnings) loss of subsidiaries		(37,997	)		218			—			37,779			—
Other income		—			(294	)		—			—			(294	)
Interest expense:
Corporate borrowings		65,680			88,449			—			(88,646	)		65,483
Capital and financing lease obligations		—			5,308			—			—			5,308
Equity in (earnings) losses of non-consolidated entities		2			(23,809	)		(13	)		—			(23,820	)
Investment income		(73,652	)		(18,065	)		(266	)		88,646			(3,337	)
Total other expense (income)		(45,967	)		51,807			(279	)		37,779			43,340
Earnings (loss) from continuing operations before income taxes		45,798			46,570			(538	)		(37,779	)		54,051
Income tax provision		—			12,950			—			—			12,950
Earnings (loss) from continuing operations		45,798			33,620			(538	)		(37,779	)		41,101
Earnings from discontinued operations, net of income taxes		—			4,377			320			—			4,697
Net earnings (loss)	$	45,798		$	37,997		$	(218	)	$	(37,779	)	$	45,798

Predecessor thirteen weeks ended June 28, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	450,362		$	1,220		$	—		$	451,582
Concessions		—			188,021			529			—			188,550
Other theatre		—			30,155			84			—			30,239
Total revenues		—			668,538			1,833			—			670,371
Operating costs and expenses
Film exhibition costs		—			242,135			592			—			242,727
Concession costs		—			26,486			113			—			26,599
Operating expense		30			169,751			948			—			170,729
Rent		—			111,570			476			—			112,046
General and administrative:
Merger, acquisition and transaction costs		—			3			—			—			3
Management fee		—			1,250			—			—			1,250
Other		—			15,326			—			—			15,326
Depreciation and amortization					48,315			19			—			48,334
Impairment of long-lived assets		—			—			—			—			—
Operating costs and expenses		30			614,836			2,148			—			617,014
Operating income (loss)		(30	)		53,702			(315	)		—			53,357
Other expense (income)
Equity in net earnings of subsidiaries		(14,829	)		(1,064	)		—			15,893			—
Other expense		—			121			—			—			121
Interest expense
Corporate borrowings		39,765			51,471			—			(51,477	)		39,759
Capital and financing lease obligations		—			1,418			—			—			1,418
Equity in (earnings) losses of non-consolidated entities		46			(7,465	)		(1,334	)		—			(8,753	)
Investment income		(43,196	)		(8,307	)		—			51,477			(26	)
Total other expense (income)		(18,214	)		36,174			(1,334	)		15,893			32,519
Earnings from continuing operations before income taxes		18,184			17,528			1,019			(15,893	)		20,838
Income tax provision		—			400			—			—			400
Earnings from continuing operations		18,184			17,128			1,019			(15,893	)		20,438
Earnings (loss) from discontinued operations, net of income taxes		—			(2,299	)		45			—			(2,254	)
Net earnings	$	18,184		$	14,829		$	1,064		$	(15,893	)	$	18,184

Predecessor twenty-six weeks ended June 28, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	875,010		$	2,398		$	—		$	877,408
Concessions		—			359,161			988			—			360,149
Other theatre		—			69,088			169			—			69,257
Total revenues		—			1,303,259			3,555			—			1,306,814
Operating costs and expenses
Film exhibition costs		—			462,816			1,102			—			463,918
Concession costs		—			49,009			210			—			49,219
Operating expense		257			340,150			1,674			—			342,081
Rent		—			221,757			1,008			—			222,765
General and administrative:
Merger, acquisition and transaction costs		—			1,446			—			—			1,446
Management fee		—			2,500			—			—			2,500
Other		—			30,990			47			—			31,037
Depreciation and amortization					105,143			38			—			105,181
Impairment of long-lived assets		—			285			—			—			285
Operating costs and expenses		257			1,214,096			4,079			—			1,218,432
Operating income (loss)		(257	)		89,163			(524	)		—			88,382
Other expense (income)
Equity in net earnings of subsidiaries		(12,247	)		(505	)		—			12,752			—
Other expense		—			1,146			—			—			1,146
Interest expense
Corporate borrowings		80,358			104,540			—			(103,759	)		81,139
Capital and financing lease obligations		—			2,906			—			—			2,906
Equity in (earnings) losses of non-consolidated entities		72			(18,307	)		(1,213	)		—			(19,448	)
Investment income		(87,351	)		(16,459	)		—			103,759			(51	)
Total other expense (income)		(19,168	)		73,321			(1,213	)		12,752			65,692
Earnings from continuing operations before income taxes		18,911			15,842			689			(12,752	)		22,690
Income tax provision		—			905			—			—			905
Earnings from continuing operations		18,911			14,937			689			(12,752	)		21,785
Loss from discontinued operations, net of income taxes		—			(2,690	)		(184	)		—			(2,874	)
Net earnings	$	18,911		$	12,247		$	505		$	(12,752	)	$	18,911

Schedule of condensed balance sheets

Successor as of June 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Assets
Current assets:
Cash and equivalents	$	176		$	92,388		$	41,600		$	—		$	134,164
Receivables, net		20			75,630			77			—			75,727
Other current assets		—			75,454			1,340			—			76,794
Total current assets		196			243,472			43,017			—			286,685
Investment in equity of subsidiaries		945,913			23,995			—			(969,908	)		—
Property, net		—			1,137,709			88			—			1,137,797
Intangible assets, net		—			238,830			—			—			238,830
Intercompany advances		1,954,120			(1,957,934	)		3,814			—			—
Goodwill		—			2,296,374			—			—			2,296,374
Other long-term assets		7,771			381,197			422			—			389,390
Total assets	$	2,908,000		$	2,363,643		$	47,341		$	(969,908	)	$	4,349,076
Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$	—		$	256,468		$	377		$	—		$	256,845
Accrued expenses and other liabilities		(318	)		138,117			(106	)		—			137,693
Deferred revenues and income		—			142,235			5			—			142,240
Current maturities of corporate borrowings and capital and financing lease obligations		7,750			6,617			—			—			14,367
Total current liabilities		7,432			543,437			276			—			551,145
Corporate borrowings		2,073,037			—			—			—			2,073,037
Capital and financing lease obligations		—			112,964			—			—			112,964
Deferred revenues—for exhibitor services agreement		—			337,333			—			—			337,333
Other long-term liabilities		—			423,996			23,070			—			447,066
Total liabilities		2,080,469			1,417,730			23,346			—			3,521,545
Stockholder's equity		827,531			945,913			23,995			(969,908	)		827,531
Total liabilities and stockholder's equity	$	2,908,000		$	2,363,643		$	47,341		$	(969,908	)	$	4,349,076

Successor as of December 31, 2012:

(In thousands)	AMCE		Subsidiary Guarantors			Subsidiary Non-Guarantors		Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Assets
Current assets:
Cash and equivalents	$	308	$	89,168		$	41,452	$	—		$	130,928
Receivables, net		20		97,004			84		—			97,108
Other current assets		—		99,450			1,477		—			100,927
Total current assets		328		285,622			43,013		—			328,963
Investment in equity of subsidiaries		894,385		16,980			—		(911,365	)		—
Property, net		—		1,147,874			85		—			1,147,959
Intangible assets, net		—		243,180			—		—			243,180
Intercompany advances		1,958,022		(1,958,901	)		879		—			—
Goodwill		—		2,219,833			—		—			2,219,833
Other long-term assets		59		332,199			482		—			332,740
Total assets	$	2,852,794	$	2,286,787		$	44,459	$	(911,365	)	$	4,272,675
Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$	—	$	225,754		$	466	$	—		$	226,220
Accrued expenses and other liabilities		14		154,903			369		—			155,286
Deferred revenues and income		—		171,105			17		—			171,122
Current maturities of corporate borrowings and capital and financing lease obligations		8,004		6,276			—		—			14,280
Total current liabilities		8,018		558,038			852		—			566,908
Corporate borrowings		2,070,671		—			—		—			2,070,671
Capital and financing lease obligations		—		116,369			—		—			116,369
Deferred revenues—for exhibitor services agreement		—		318,154			—		—			318,154
Other long-term liabilities		—		399,841			26,627		—			426,468
Total liabilities		2,078,689		1,392,402			27,479		—			3,498,570
Stockholder's equity		774,105		894,385			16,980		(911,365	)		774,105
Total liabilities and stockholder's equity	$	2,852,794	$	2,286,787		$	44,459	$	(911,365	)	$	4,272,675

Schedule of condensed statements of cash flows

Successor six months ended June 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments		Consolidated AMC Entertainment Inc.
Cash flows from operating activities:
Net cash provided by operating activities	$	1,195		$	129,215		$	3,094		$	—	$	133,504
Cash flows from investing activities:
Capital expenditures		—			(104,687	)		(8	)		—		(104,695	)
Investments in non-consolidated entities, net		—			(2,781	)		15			—		(2,766	)
Acquisition of Rave theatres, net of cash acquired		—			(1,128	)		—			—		(1,128	)
Proceeds from the disposition of long-term assets		—			4,866			—			—		4,866
Other, net		—			(4,677	)		—			—		(4,677	)
Net cash used in investing activities		—			(108,407	)		7			—		(108,400	)
Cash flows from financing activities:
Proceeds from issuance of Term Loan due 2020		773,063			—			—			—		773,063
Repayment of Term Loan due 2016		(464,088	)		—			—			—		(464,088	)
Repayment of Term Loan due 2018		(296,250	)		—			—			—		(296,250	)
Deferred financing costs		(8,111	)		—			—			—		(8,111	)
Principal payments under capital and financing lease obligations		—			(3,064	)		—			—		(3,064	)
Principle payments under Term Loan		(3,939	)		—			—			—		(3,939	)
Change in construction payables		—			(19,404	)		—			—		(19,404	)
Change in intercompany advances		(2,002	)		4,937			(2,935	)		—		—
Net cash used in financing activities		(1,327	)		(17,531	)		(2,935	)		—		(21,793	)
Effect of exchange rate changes on cash and equivalents		—			(57	)		(18	)		—		(75	)
Net increase (decrease) in cash and equivalents		(132	)		3,220			148			—		3,236
Cash and equivalents at beginning of period		308			89,168			41,452			—		130,928
Cash and equivalents at end of period	$	176		$	92,388		$	41,600		$	—	$	134,164

Predecessor twenty-six weeks ended June 28, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments		Consolidated AMC Entertainment Inc.
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	5,575		$	77,765		$	(2,366	)	$	—	$	80,974
Cash flows from investing activities:
Capital expenditures		—			(73,343	)		(3	)		—		(73,346	)
Investments in non-consolidated entities, net		—			(3,240	)		1,717			—		(1,523	)
Proceeds from the disposition of long-term assets		—			1,352			—			—		1,352
Other, net		—			762			—			—		762
Net cash provided by (used in) investing activities		—			(74,469	)		1,714			—		(72,755	)
Cash flows from financing activities:
Proceeds from issuance of Term Loan due 2018		297,000			—			—			—		297,000
Repayment of Term Loan due 2013		(140,657	)		—			—			—		(140,657	)
Repurchase of Senior Subordinated Notes due 2014		(160,000	)		—			—			—		(160,000	)
Deferred financing costs		(5,425	)		—			—			—		(5,425	)
Principal payments under capital and financing lease obligations		—			(1,581	)		—			—		(1,581	)
Principle payments under Term Loan		(3,626	)		—			—			—		(3,626	)
Change in construction payables		—			(5,860	)		—			—		(5,860	)
Change in intercompany advances		7,419			(8,413	)		994			—		—
Net cash provided by (used in) financing activities		(5,289	)		(15,854	)		994			—		(20,149	)
Effect of exchange rate changes on cash and equivalents		—			(207	)		669			—		462
Net increase (decrease) in cash and equivalents		286			(12,765	)		1,011			—		(11,468	)
Cash and equivalents at beginning of period		—			173,205			40,315			—		213,520
Cash and equivalents at end of period	$	286		$	160,440		$	41,326		$	—	$	202,052