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AMC Entertainment | 10-K: FY2023 Annual Report

AMC Entertainment | 10-K: FY2023 Annual Report

AMC院線 | 10-K:2023財年年報
美股SEC公告 ·  02/29 11:38

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AMC Entertainment reported a significant year-over-year improvement in its financial performance for the fiscal year ended December 31, 2023. Total revenues surged by 23.0% to $4.81 billion, driven by a 22.2% increase in admissions revenue to $2.69 billion and a 27.1% rise in food and beverage revenue to $1.67 billion. The company attributed the revenue growth to a 19.2% increase in attendance, with patrons drawn by popular film releases. Operating costs and expenses rose by 10.2% to $4.89 billion, with film exhibition costs and food and beverage costs climbing due to higher attendance. Despite this, AMC saw a reduction in rent expense due to the early termination of a theatre lease, which included a $16.7 million benefit. The company also recorded non-cash impairment charges of $106.9 million related to long...Show More
AMC Entertainment reported a significant year-over-year improvement in its financial performance for the fiscal year ended December 31, 2023. Total revenues surged by 23.0% to $4.81 billion, driven by a 22.2% increase in admissions revenue to $2.69 billion and a 27.1% rise in food and beverage revenue to $1.67 billion. The company attributed the revenue growth to a 19.2% increase in attendance, with patrons drawn by popular film releases. Operating costs and expenses rose by 10.2% to $4.89 billion, with film exhibition costs and food and beverage costs climbing due to higher attendance. Despite this, AMC saw a reduction in rent expense due to the early termination of a theatre lease, which included a $16.7 million benefit. The company also recorded non-cash impairment charges of $106.9 million related to long-lived assets. Net loss for the year improved to $396.6 million from $973.6 million in the previous year. AMC's cash and cash equivalents stood at $884.3 million as of December 31, 2023. The company's strategic initiatives included serving as the theatrical distributor for two major releases and selling its 10% investment in Saudi Cinema Company for a $15.5 million gain. AMC also executed debt repurchases and exchanges, enhancing its liquidity position. Looking ahead, AMC plans to continue optimizing its theatre portfolio and managing its debt, aiming for sustainable net positive operating cash flows and long-term profitability.
amc院線公佈了截至2023年12月31日的財年財務業績顯著改善。總營業收入大漲23.0%,達到48.1億美元,其中門票收入增長22.2%達到26.9億美元,餐飲收入增長27.1%達到16.7億美元。該公司將收入增長歸功於出席人數增長19.2%,而觀衆被熱門電影吸引。運營成本和費用增長10.2%至48.9億美元,由於出席人數增加,電影展覽成本和餐飲成本上升。儘管如此,由於影院租賃早期終止,包括1670萬美元的收益,AMC的租金費用也有所減少。該公司還因與長期資產相關的非現金減值費用而錄得1.069億美元的虧損。去年淨虧損由9736萬美元降至3966萬美元。截至2023年12月31日,AMC的現...展開全部
amc院線公佈了截至2023年12月31日的財年財務業績顯著改善。總營業收入大漲23.0%,達到48.1億美元,其中門票收入增長22.2%達到26.9億美元,餐飲收入增長27.1%達到16.7億美元。該公司將收入增長歸功於出席人數增長19.2%,而觀衆被熱門電影吸引。運營成本和費用增長10.2%至48.9億美元,由於出席人數增加,電影展覽成本和餐飲成本上升。儘管如此,由於影院租賃早期終止,包括1670萬美元的收益,AMC的租金費用也有所減少。該公司還因與長期資產相關的非現金減值費用而錄得1.069億美元的虧損。去年淨虧損由9736萬美元降至3966萬美元。截至2023年12月31日,AMC的現金及現金等價物爲8,8430萬美元。該公司的戰略舉措包括擔任兩部重磅影片的院線分銷商,以及出售其對沙特電影公司的10%投資,獲得1550萬美元的收益。AMC還執行了債務回購和交換,增強了其流動性。展望未來,AMC計劃繼續優化其影院組合並管理其債務,旨在實現可持續的淨正現金流和長期盈利能力。
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