AMC Entertainment (AMC) Tops Q4 EPS by 15c

AMC Entertainment (NYSE: AMC) reported Q4 EPS of ($0.11), $0.15 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.09 billion.

• Total revenues for the fourth quarter grew to $1,171.7 million compared to $162.5 million for the fourth quarter of 2020.
• Net loss for the fourth quarter improved to $134.4 million, including a non-cash impairment charge related to long lived assets of $77.2 million, compared to a net loss of $946.1 million for the same quarter a year ago, which included a non-cash impairment charge related to long lived assets, definite and indefinite lived intangible assets and goodwill of $466.1 million.
• Fourth quarter Adjusted EBITDA improved $486.7 million to $159.2 million compared to an Adjusted EBITDA loss of $327.5 million for the fourth of 2020.
• Net cash provided by operating activities for the fourth quarter was $46.5 million, and Operating Cash (Burn) Generated (non-GAAP) was $224.4 million.
• Available liquidity and Cash and cash equivalents at December 31, 2021 was approximately $1,801.6 million and $1,592.5 million, respectively.

For earnings history and earnings-related data on AMC Entertainment (AMC) click here.

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