NOTE 8—CONDENSED CONSOLIDATING FINANCIAL INFORMATION

The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by AMCE. The subsidiary guarantees of AMCE's 8.75% Senior Notes due 2019 (the "Notes due 2019") and 9.75% Senior Subordinated Notes due 2020 (the "Notes due 2020") are full and unconditional and joint and several. There are significant restrictions on the Company's ability to obtain funds from any of its subsidiaries through dividends, loans or advances. The Company and its subsidiary guarantor's investments in its consolidated subsidiaries are presented under the equity method of accounting.

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		(57,888	)		47			—			57,841			—
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)		(61,734	)		15,756			(202	)		57,841			11,661

Earnings (loss) from continuing operations before income taxes		61,576			62,620			(167	)		(57,841	)		66,188
Income tax provision		—			4,330			—			—			4,330

Earnings (loss) from continuing operations		61,576			58,290			(167	)		(57,841	)		61,858
Earnings (loss) from discontinued operations, net of income taxes		—			(402	)		120			—			(282	)

Net earnings (loss)	$	61,576		$	57,888		$	(47	)	$	(57,841	)	$	61,576

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		(43,517	)		218			—			43,299			—
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)		(51,487	)		51,807			(279	)		43,299			43,340

Earnings (loss) from continuing operations before income taxes		51,318			46,570			(538	)		(43,299	)		54,051
Income tax provision		—			7,430			—			—			7,430

Earnings (loss) from continuing operations		51,318			39,140			(538	)		(43,299	)		46,621
Earnings from discontinued operations, net of income taxes		—			4,377			320			—			4,697

Net earnings (loss)	$	51,318		$	43,517		$	(218	)	$	(43,299	)	$	51,318

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

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		—		69,150			1,477		—			70,627

Total current assets		328		255,322			43,013		—			298,663
Investment in equity of subsidiaries		888,865		16,980			—		(905,845	)		—
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		—		2,251,296			—		—			2,251,296
Other long-term assets		59		332,199			482		—			332,740

Total assets	$	2,847,274	$	2,287,950		$	44,459	$	(905,845	)	$	4,273,838

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
Exhibitor services agreement		—		318,154			—		—			318,154
Other long-term liabilities		—		406,524			26,627		—			433,151

Total liabilities		2,078,689		1,399,085			27,479		—			3,505,253
Stockholder's equity		768,585		888,865			16,980		(905,845	)		768,585

Total liabilities and stockholder's equity	$	2,847,274	$	2,287,950		$	44,459	$	(905,845	)	$	4,273,838

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