AMC Entertainment (AMC) financial statements
AMC Entertainment reported revenue of $4.8B in fiscal 2025, up 4.6% a year over 9 years.
Net income was -$632M and the operating margin -0.4%, against 6.6% in 2016.
Free cash flow was -$366M.
The diluted share count rose 2291% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AMC Entertainment's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | $5.1B | $5.5B | $5.5B | $1.2B | $2.5B | $3.9B | $4.8B | $4.6B | $4.8B |
| Cost of revenue | $1.1B | — | — | — | — | — | — | — | — | — |
| Gross profit | $2.1B | — | — | — | — | — | — | — | — | — |
| Selling, general and admin | — | $133M | $179M | $153M | — | — | — | — | — | — |
| Operating income | $214M | $102M | $265M | $136M | -$4.1B | -$930M | -$522M | -$74M | -$79M | -$17M |
| Interest expense | $111M | $232M | $262M | $293M | $311M | $415M | $336M | $370M | $402M | $460M |
| Pre-tax income | $150M | -$333M | $124M | -$172M | -$4.5B | -$1.3B | -$971M | -$393M | -$350M | -$628M |
| Income tax | $38M | $154M | $14M | -$22M | $60M | -$10M | $2M | $3M | $2M | $4M |
| Net income | $112M | -$487M | $110M | -$149M | -$4.6B | -$1.3B | -$974M | -$397M | -$353M | -$632M |
| EPS (diluted) | $5.65 | -$19.00 | $2.05 | -$7.20 | -$195.80 | -$13.29 | -$9.29 | -$2.37 | -$1.06 | -$1.34 |
| Diluted shares | 20M | 26M | 26M | 21M | 23M | 95M | 105M | 168M | 333M | 473M |
| Gross margin | 66.3% | — | — | — | — | — | — | — | — | — |
| Operating margin | 6.6% | 2.0% | 4.9% | 2.5% | -330.2% | -36.8% | -13.4% | -1.5% | -1.7% | -0.4% |
| Net margin | 3.5% | -9.6% | 2.0% | -2.7% | -369.4% | -50.2% | -24.9% | -8.2% | -7.6% | -13.0% |
Balance sheet
Fiscal years, from AMC Entertainment's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $207M | $310M | $313M | $265M | $308M | $1.6B | $632M | $884M | $632M | $428M |
| Receivables | $214M | $272M | $260M | $254M | $91M | $168M | $167M | $204M | $168M | $156M |
| Total current assets | $684M | $872M | $781M | $673M | $487M | $1.9B | $902M | $1.2B | $947M | $730M |
| Property, plant and equipment | $3.0B | $3.1B | $3.0B | $2.6B | $2.3B | $2.0B | $1.7B | $1.6B | $1.4B | $1.4B |
| Goodwill | $3.9B | $4.9B | $4.8B | $4.8B | $2.5B | $2.4B | $2.3B | $2.4B | $2.3B | $2.4B |
| Total assets | $8.6B | $9.8B | $9.5B | $13.7B | $10.3B | $10.8B | $9.1B | $9.0B | $8.2B | $8.0B |
| Total current liabilities | $1.2B | $1.4B | $1.3B | $1.9B | $1.6B | $1.8B | $1.7B | $1.6B | $1.7B | $1.8B |
| Long-term debt | $3.7B | $4.2B | $4.7B | $4.7B | $5.7B | $5.4B | $5.1B | $4.6B | $4.0B | $4.0B |
| Total liabilities | $6.6B | $7.7B | $8.1B | $12.5B | $13.1B | $12.6B | $11.8B | $10.9B | $10.0B | $9.9B |
| Shareholders' equity | $2.0B | $2.1B | $1.4B | $1.2B | -$2.9B | -$1.8B | -$2.6B | -$1.8B | -$1.8B | -$1.9B |
| Net debt | $3.6B | $3.9B | $4.4B | $4.5B | $5.4B | $3.8B | $4.5B | $3.7B | $3.4B | $3.6B |
Cash flow
Fiscal years, from AMC Entertainment's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $432M | $537M | $523M | $579M | -$1.1B | -$614M | -$628M | -$215M | -$51M | -$120M |
| Capital spending | $422M | $627M | $576M | $518M | $174M | $92M | $202M | $226M | $246M | $246M |
| Free cash flow | $10M | -$89M | -$53M | $61M | -$1.3B | -$706M | -$830M | -$441M | -$296M | -$366M |
| Stock-based compensation | $5M | $6M | $15M | $4M | $25M | $43M | $22M | $42M | $22M | $17M |
| Dividends paid | $80M | $105M | $258M | $84M | $6M | — | $700,000 | — | — | — |
| Share buybacks (net) | — | -$34M | -$22M | — | — | — | — | — | — | — |
| Free cash flow margin | 0.3% | -1.8% | -1.0% | 1.1% | -104.9% | -27.9% | -21.2% | -9.2% | -6.4% | -7.5% |
| Dividends per share | $4.03 | $4.08 | $9.92 | $4.05 | $0.28 | — | $0.01 | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for AMC.
Open AMC in InvestinglyQuestions
What was AMC Entertainment's revenue in 2025?
$4.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does AMC Entertainment generate?
-$366M in fiscal 2025 (operating cash flow minus capital spending).
From AMC Entertainment's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.