Loading...
•
Mar 31, 2020
AMC Q1 2020 Earnings Report
AMC Entertainment Holdings Inc. experienced a significant net loss due to COVID-19 impact and non-cash impairment charges.
Key Takeaways
AMC Entertainment Holdings Inc. reported a total revenue of $941.5 million for Q1 2020, but experienced a net loss of $2,176.3 million, heavily impacted by COVID-19 and including $1,851.9 million of non-cash impairment charges. The company suspended operations at all domestic and international theatres in response to COVID-19 safety concerns.
Total revenues reached $941.5 million.
Net loss amounted to $2,176.3 million, including $1,851.9 million in non-cash impairment charges.
Adjusted net loss was $231.6 million.
The company's cash balance as of March 31, 2020, was $299.8 million.
AMC
AMC
AMC Revenue by Segment
AMC Revenue by Geographic Location
Revenue by Segment
Admissions Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comOther Theatre Revenue
CapyFin.comRevenue by Geographic Location
U.S. Markets Revenue
CapyFin.comInternational Markets Revenue
CapyFin.com Forward Guidance
AMC is taking steps to ensure its future success amidst turbulent times, prioritizing safety, reducing cash burn, strengthening liquidity, and planning for the effective reopening of theatres.
Positive Outlook
- Maintaining close contact with officials to coordinate reopening timing and requirements.
- Consulting with experts from Harvard University School of Public Health for safety guidance.
- Establishing a protocol partnership with The Clorox Company.
- Implementing aggressive marketing communications and promotional activity.
- Reducing cost structure by intensely examining expenditures.
Challenges Ahead
- The impact of the COVID-19 virus on AMC.
- Volatility of the capital markets and the market price of AMC’s Class A common stock.
- Increased use of alternative film delivery methods or other forms of entertainment.
- Risks and uncertainties relating to AMC’s significant indebtedness.
- Limitations on the availability of capital.
Revenue & Expenses
Visualization of income flow from segment revenue to net income