AMC Earnings Q&A Q4 2021: generated positive operating cash flow

All you need to know about this earnings season

Attitudes: AMC putting up on the board significant milestones of progress, sending a crystal-clear message to one and all that AMC is moving well along the path to recovery.

Goals: expectations for Q1 is well above 2021 Q1 levels. But nonetheless, it will be a relatively weaker Q1, coupled with strong and reassuring full year performance for all of 2022.

Products: to get AMC Theatres Perfectly Popcorn in a supermarket or convenience store in the fall of 2022.

Reflect on the remarkable success of Sony's "Spider-Man: No Way Home," currently the third highest-grossing movie of all time when people were battling omicron fears no less.

Adam Aron -- Chairman and CEO: Look, this is a big opportunity for us. Already 800,000 NFTs have been made available to consumers, one with "Spider-Man" movie, one with "Dune," one with "The Batman" movie. And I also know for a fact that on some of these NFT programs collecting a commission on the resale of those NFTs as they get resold. As for cryptocurrency, we're taking it now. We start with dogecoin and shiba inu in a couple of weeks. We expect that our market share among that audience will grow when we can take cryptocurrencies.

The one that has our biggest intrigue is whether AMC would be capable of issuing our own coin,. We have to be careful how we do that. The regulatory framework surrounding cryptocurrency is going to change dramatically. We always believe in staying on the right side of the law.

Adam Aron: We sold 50 tons of it on a good day. We know something about popcorn. Our brand has credibility, and we'll have credibility in the market for people who buy and consume popcorn. So we're taking this initiative very seriously.

I expect that hopefully with Uber Eats, we will launch a food delivery program in the beginning as early as the second quarter of this year. As for grocery, our goal is to catch the September reshelving efforts and to get AMC Theatres Perfectly Popcorn in a supermarket or convenience store near you in the fall of 2022.

Adam Aron: We started to experiment back in November. When "Ghostbusters: Afterlife" emerged, we created a special merchandise item, a "Ghostbuster" ambulance. It was like $40 or something. I think we sold 40,000 of them, which reminded us that our shareholder base and our customers are really interested in merch. We just, this week, are going forward with a big Batman popcorn holder.

And merchandise is going to be a big project for us in 2022. I would expect that toward the middle of this year, we'll have a broad array of merchandise, AMC-branded merchandise that our shareholders and our guests can buy, whether they do it online or possibly many of our theaters.

Adam Aron: We stretched out maturities to 2029, and there are other tranches of our debt that we're looking at very hard to see if we can do something imaginative and creative with them Beyond that. But as I said, we're not yet ready to share anything publicly. But you're on to something that it would be nice to have institutional investors embrace AMC. But I want to be very clear. I don't want to do that if it costs us our individual shareholder base. This new individual shareholder base has been very loyal to AMC since it showed up on our door about a year ago, and we intend to be very loyal in return.