CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Schedule of condensed statements of operations

Successor three months ended September 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	465,941		$	1,047		$	—		$	466,988
Food and beverage		—			201,164			448			—			201,612
Other theatre		—			27,332			52			—			27,384
Total revenues		—			694,437			1,547			—			695,984
Operating Costs and Expenses
Film exhibition costs		—			241,533			473			—			242,006
Food and beverage costs		—			26,191			93			—			26,284
Operating expense		5			181,717			908			—			182,630
Rent		—			111,365			500			—			111,865
General and administrative:
Merger, acquisition and transaction costs		—			299			—			—			299
Other		—			26,449			1			—			26,450
Depreciation and amortization		—			48,593			10			—			48,603
Operating costs and expenses		5			636,147			1,985			—			638,137
Operating income (loss)		(5	)		58,290			(438	)		—			57,847
Other expense (income)
Equity in net (earnings) loss of subsidiaries		(29,913	)		438			—			29,475			—
Other expense (income)		—			110			—			—			110
Interest expense:
Corporate borrowings		32,359			42,620			—			(42,758	)		32,221
Capital and financing lease obligations		—			2,606			—			—			2,606
Equity in earnings of non-consolidated entities		—			(14,323	)		—			—			(14,323	)
Investment income		(35,916	)		(6,911	)		—			42,758			(69	)
Total other expense (income)		(33,470	)		24,540			—			29,475			20,545
Earnings (loss) from continuing operations before income taxes		33,465			33,750			(438	)		(29,475	)		37,302
Income tax provision		—			3,430			—			—			3,430
Earnings (loss) from continuing operations		33,465			30,320			(438	)		(29,475	)		33,872
Loss from discontinued operations, net of income taxes		—			(407	)		—			—			(407	)
Net earnings (loss)	$	33,465		$	29,913		$	(438	)	$	(29,475	)	$	33,465

Successor from Inception on August 31, 2012 through September 27, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	76,090		$	266		$	—		$	76,356
Food and beverage		—			32,264			101			—			32,365
Other theatre		—			5,758			27			—			5,785
Total revenues		—			114,112			394			—			114,506
Operating Costs and Expenses
Film exhibition costs		—			34,565			94			—			34,659
Food and beverage costs		—			4,755			23			—			4,778
Operating expense		(11	)		45,778			292			—			46,059
Rent		—			33,332			161			—			33,493
General and administrative:
Merger, acquisition and transaction costs		—			504			—			—			504
Management fee		—			—			—			—			—
Other		—			7,277			(8	)		—			7,269
Depreciation and amortization		—			16,598			4			—			16,602
Operating costs and expenses		(11	)		142,809			566			—			143,364
Operating income (loss)		11			(28,697	)		(172	)		—			(28,858	)
Other expense (income)
Equity in net losses of subsidiaries		44,380			289			—			(44,669	)		—
Other expense		—			49			—			—			49
Interest expense:
Corporate borrowings		10,273			11,679			—			(11,711	)		10,241
Capital and financing lease obligations		—			442			—			—			442
Equity in losses of non-consolidated entities		112			3,253			13			—			3,378
Investment income		(11,711	)		(1	)		—			11,711			(1	)
Total other expense		43,054			15,711			13			(44,669	)		14,109
Loss from continuing operations before income taxes		(43,043	)		(44,408	)		(185	)		44,669			(42,967	)
Income tax provision		—			100			—			—			100
Loss from continuing operations		(43,043	)		(44,508	)		(185	)		44,669			(43,067	)
Earnings (loss) from discontinued operations, net of income taxes		—			128			(104	)		—			24
Net loss	$	(43,043	)	$	(44,380	)	$	(289	)	$	44,669		$	(43,043	)

Predecessor from June 29, 2012 through August 30, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	363,672		$	777		$	—		$	364,449
Food and beverage		—			153,239			341			—			153,580
Other theatre		—			17,616			56			—			17,672
Total revenues		—			534,527			1,174			—			535,701
Operating Costs and Expenses
Film exhibition costs		—			193,391			421			—			193,812
Food and beverage costs		—			20,656			71			—			20,727
Operating expense		(2	)		125,957			644			—			126,599
Rent		—			76,713			327			—			77,040
General and administrative:
Merger, acquisition and transaction costs		—			169			—			—			169
Management fee		—			1,250			—			—			1,250
Other		—			11,687			12			—			11,699
Depreciation and amortization		—			32,629			8			—			32,637
Operating costs and expenses		(2	)		462,452			1,483			—			463,933
Operating income (loss)		2			72,075			(309	)		—			71,768
Other expense (income)
Equity in net earnings of subsidiaries		(73,930	)		(14,205	)		—			88,135			—
Other expense		—			839			—			—			839
Interest expense:
Corporate borrowings		27,601			35,662			—			(35,408	)		27,855
Capital and financing lease obligations		—			972			—			—			972
Equity in losses of non-consolidated entities		14			1,083			111			—			1,208
Investment income		(29,899	)		(5,524	)		—			35,408			(15	)
Total other expense		(76,214	)		18,827			111			88,135			30,859
Earnings (loss) from continuing operations before income taxes		76,216			53,248			(420	)		(88,135	)		40,909
Income tax provision		—			2,100			—			—			2,100
Earnings (loss) from continuing operations		76,216			51,148			(420	)		(88,135	)		38,809
Earnings from discontinued operations, net of income taxes		—			22,782			14,625			—			37,407
Net earnings	$	76,216		$	73,930		$	14,205		$	(88,135	)	$	76,216

Successor nine months ended September 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	1,361,942		$	3,236		$	—		$	1,365,178
Food and beverage		—			587,634			1,392			—			589,026
Other theatre		—			82,031			216			—			82,247
Total revenues		—			2,031,607			4,844			—			2,036,451
Operating Costs and Expenses
Film exhibition costs		—			717,241			1,484			—			718,725
Food and beverage costs		—			79,735			297			—			80,032
Operating expense		174			531,084			2,801			—			534,059
Rent		—			337,730			1,483			—			339,213
General and administrative:
Merger, acquisition and transaction costs		—			1,952			—			—			1,952
Other		—			59,795			2			—			59,797
Depreciation and amortization		—			147,403			32			—			147,435
Operating costs and expenses		174			1,874,940			6,099			—			1,881,213
Operating income (loss)		(174	)		156,667			(1,255	)		—			155,238
Other expense (income)
Equity in net (earnings) loss of subsidiaries		(73,430	)		656			—			72,774			—
Other income		—			(184	)		—			—			(184	)
Interest expense:
Corporate borrowings		98,039			131,069			—			(131,404	)		97,704
Capital and financing lease obligations		—			7,914			—			—			7,914
Equity in (earnings) losses of non-consolidated entities		2			(38,132	)		(13	)		—			(38,143	)
Investment income		(109,568	)		(24,976	)		(266	)		131,404			(3,406	)
Total other expense (income)		(84,957	)		76,347			(279	)		72,774			63,885
Earnings (loss) from continuing operations before income taxes		84,783			80,320			(976	)		(72,774	)		91,353
Income tax provision		—			10,860			—			—			10,860
Earnings (loss) from continuing operations		84,783			69,460			(976	)		(72,774	)		80,493
Earnings from discontinued operations, net of income taxes		—			3,970			320			—			4,290
Net earnings (loss)	$	84,783		$	73,430		$	(656	)	$	(72,774	)	$	84,783

Successor from Inception on August 31, 2012 through September 27, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	76,090		$	266		$	—		$	76,356
Food and beverage		—			32,264			101			—			32,365
Other theatre		—			5,758			27			—			5,785
Total revenues		—			114,112			394			—			114,506
Operating Costs and Expenses
Film exhibition costs		—			34,565			94			—			34,659
Food and beverage costs		—			4,755			23			—			4,778
Operating expense		(11	)		45,778			292			—			46,059
Rent		—			33,332			161			—			33,493
General and administrative:
Merger, acquisition and transaction costs		—			504			—			—			504
Management fee		—			—			—			—			—
Other		—			7,277			(8	)		—			7,269
Depreciation and amortization		—			16,598			4			—			16,602
Operating costs and expenses		(11	)		142,809			566			—			143,364
Operating income (loss)		11			(28,697	)		(172	)		—			(28,858	)
Other expense (income)
Equity in net losses of subsidiaries		44,380			289			—			(44,669	)		—
Other expense		—			49			—			—			49
Interest expense:
Corporate borrowings		10,273			11,679			—			(11,711	)		10,241
Capital and financing lease obligations		—			442			—			—			442
Equity in losses of non-consolidated entities		112			3,253			13			—			3,378
Investment income		(11,711	)		(1	)		—			11,711			(1	)
Total other expense		43,054			15,711			13			(44,669	)		14,109
Loss from continuing operations before income taxes		(43,043	)		(44,408	)		(185	)		44,669			(42,967	)
Income tax provision		—			100			—			—			100
Loss from continuing operations		(43,043	)		(44,508	)		(185	)		44,669			(43,067	)
Earnings (loss) from discontinued operations, net of income taxes		—			128			(104	)		—			24
Net loss	$	(43,043	)	$	(44,380	)	$	(289	)	$	44,669		$	(43,043	)

Predecessor from December 30, 2011 through August 30, 2012:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Revenues
Admissions	$	—		$	1,238,682		$	3,175		$	—		$	1,241,857
Food and beverage		—			512,400			1,329			—			513,729
Other theatre		—			86,704			225			—			86,929
Total revenues		—			1,837,786			4,729			—			1,842,515
Operating Costs and Expenses
Film exhibition costs		—			656,207			1,523			—			657,730
Food and beverage costs		—			69,665			281			—			69,946
Operating expense		255			466,107			2,318			—			468,680
Rent		—			298,470			1,335			—			299,805
General and administrative:
Merger, acquisition and transaction costs		—			1,615			—			—			1,615
Management fee		—			3,750			—			—			3,750
Other		—			42,677			59			—			42,736
Depreciation and amortization		—			137,772			46			—			137,818
Impairment of long-lived assets		—			285			—			—			285
Operating costs and expenses		255			1,676,548			5,562			—			1,682,365
Operating income (loss)		(255	)		161,238			(833	)		—			160,150
Other expense (income)
Equity in net earnings of subsidiaries		(86,177	)		(14,710	)		—			100,887			—
Other expense		—			1,985			—			—			1,985
Interest expense:
Corporate borrowings		107,959			140,202			—			(139,167	)		108,994
Capital and financing lease obligations		—			3,878			—			—			3,878
Equity in (earnings) losses of non-consolidated entities		86			(17,224	)		(1,102	)		—			(18,240	)
Investment income		(117,250	)		(21,983	)		—			139,167			(66	)
Total other expense		(95,382	)		92,148			(1,102	)		100,887			96,551
Earnings from continuing operations before income taxes		95,127			69,090			269			(100,887	)		63,599
Income tax provision		—			3,005			—			—			3,005
Earnings from continuing operations		95,127			66,085			269			(100,887	)		60,594
Earnings from discontinued operations, net of income taxes		—			20,092			14,441			—			34,533
Net earnings	$	95,127		$	86,177		$	14,710		$	(100,887	)	$	95,127

Schedule of condensed balance sheets

Successor as of September 30, 2013:

(In thousands)	AMCE			Subsidiary Guarantors			Subsidiary Non-Guarantors		Consolidating Adjustments			Consolidated AMC Entertainment Inc.
Assets
Current assets:
Cash and equivalents	$	210		$	86,844		$	41,431	$	—		$	128,485
Receivables, net		(10	)		47,852			53		—			47,895
Other current assets		—			72,092			1,375		—			73,467
Total current assets		200			206,788			42,859		—			249,847
Investment in equity of subsidiaries		962,990			19,653			—		(982,643	)		—
Property, net		—			1,155,488			86		—			1,155,574
Intangible assets, net		—			236,553			—		—			236,553
Intercompany advances		1,982,701			(1,983,355	)		654		—			—
Goodwill		—			2,296,374			—		—			2,296,374
Other long-term assets		8,327			379,748			443		—			388,518
Total assets	$	2,954,218		$	2,311,249		$	44,042	$	(982,643	)	$	4,326,866
Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$	—		$	189,466		$	301	$	—		$	189,767
Accrued expenses and other liabilities		27,855			139,527			73		—			167,455
Deferred revenues and income		—			136,402			5		—			136,407
Current maturities of corporate borrowings and capital and financing lease obligations		7,750			6,787			—		—			14,537
Total current liabilities		35,605			472,182			379		—			508,166
Corporate borrowings		2,067,905			—			—		—			2,067,905
Capital and financing lease obligations		—			111,207			—		—			111,207
Exhibitor services agreement		—			333,622			—		—			333,622
Other long-term liabilities		—			431,248			24,010		—			455,258
Total liabilities		2,103,510			1,348,259			24,389		—			3,476,158
Stockholder's equity		850,708			962,990			19,653		(982,643	)		850,708
Total liabilities and stockholder's equity	$	2,954,218		$	2,311,249		$	44,042	$	(982,643	)	$	4,326,866

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

Schedule of condensed statements of cash flows

Successor nine months ended September 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 (used in) operating activities	$	30,193		$	174,272		$	(243	)	$	—	$	204,222
Cash flows from investing activities:
Capital expenditures		—			(175,353	)		(8	)		—		(175,361	)
Investments in non-consolidated entities, net		—			(3,028	)		15			—		(3,013	)
Acquisition of Rave theatres, net of cash acquired		—			(1,128	)		—			—		(1,128	)
Proceeds from the disposition of long-term assets		—			4,646			—			—		4,646
Other, net		—			(5,422	)		—			—		(5,422	)
Net cash provided by (used in) investing activities		—			(180,285	)		7			—		(180,278	)
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		(9,106	)		—			—			—		(9,106	)
Principal payments under capital and financing lease obligations		—			(4,651	)		—			—		(4,651	)
Principle payments under Term Loan		(5,876	)		—			—			—		(5,876	)
Change in construction payables		—			(19,404	)		—			—		(19,404	)
Change in intercompany advances		(28,034	)		27,809			225			—		—
Net cash provided by (used in) financing activities		(30,291	)		3,754			225			—		(26,312	)
Effect of exchange rate changes on cash and equivalents		—			(65	)		(10	)		—		(75	)
Net decrease in cash and equivalents		(98	)		(2,324	)		(21	)		—		(2,443	)
Cash and equivalents at beginning of period		308			89,168			41,452			—		130,928
Cash and equivalents at end of period	$	210		$	86,844		$	41,431		$	—	$	128,485

Successor from Inception on August 31, 2012 through September 27, 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	$	20,371		$	(4,454	)	$	(48,042	)	$	—	$	(32,125	)
Cash flows from investing activities:
Capital expenditures		—			(10,639	)		1			—		(10,638	)
Merger, net of cash acquired		—			3,110			—			—		3,110
Investments in non-consolidated entities, net		—			—			(13	)		—		(13	)
Proceeds from the disposition of long-term assets		—			129			(22	)		—		107
Other, net		—			(442	)		—			—		(442	)
Net cash used in investing activities		—			(7,842	)		(34	)		—		(7,876	)
Cash flows from financing activities:
Principal payments under capital and financing lease obligations		—			(222	)		—			—		(222	)
Change in construction payables		—			(1,245	)		—			—		(1,245	)
Capital contribution		100,000			—			—			—		100,000
Change in intercompany advances		(120,362	)		69,505			50,857			—		—
Net cash provided by (used in) financing activities		(20,362	)		68,038			50,857			—		98,533
Effect of exchange rate changes on cash and equivalents		—			3,833			(4,222	)		—		(389	)
Net increase (decrease) in cash and equivalents		9			59,575			(1,441	)		—		58,143
Cash and equivalents at beginning of period		291			55,326			42,914			—		98,531
Cash and equivalents at end of period	$	300		$	114,901		$	41,473		$	—	$	156,674

Predecessor December 30, 2011 through August 30, 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	$	22,355		$	118,575		$	(1,363	)	$	—	$	139,567
Cash flows from investing activities:
Capital expenditures		—			(94,371	)		(21	)		—		(94,392	)
Investments in non-consolidated entities, net		—			(3,062	)		1,606			—		(1,456	)
Proceeds from the disposition of long-term assets		—			7,417			157			—		7,574
Other, net		—			1,503			—			—		1,503
Net cash provided by (used in) investing activities		—			(88,513	)		1,742			—		(86,771	)
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		(300,000	)		—			—			—		(300,000	)
Deferred financing costs		(7,713	)		—			—			—		(7,713	)
Principal payments under capital and financing lease obligations		—			(2,075	)		—			—		(2,075	)
Principal payments under Term Loan		(5,627	)		—			—			—		(5,627	)
Change in construction payables		—			(8,765	)		—			—		(8,765	)
Change in intercompany advances		134,933			(136,089	)		1,156			—		—
Net cash provided by (used in) financing activities		(22,064	)		(146,929	)		1,156			—		(167,837	)
Effect of exchange rate changes on cash and equivalents		—			(1,012	)		1,064			—		52
Net increase (decrease) in cash and equivalents		291			(117,879	)		2,599			—		(114,989	)
Cash and equivalents at beginning of period		—			173,205			40,315			—		213,520
Cash and equivalents at end of period	$	291		$	55,326		$	42,914		$	—	$	98,531