AMCX FY 2012 Earnings Report — AMC Networks Inc. Revenue & Financial Results | Market Cap Arena

AMC Networks Inc.AMCX

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	13.9%
Op. Income	$363M	—	$326M	—	11.2%
Gross Margin	62.5%	—	64.1%	—	-1.7pp
Net Margin	10.1%	—	10.6%	—	-0.6pp
EPS (Diluted)	$1.89	—	$1.79	—	5.6%
Free Cash Flow	$550M	—	$240M	—	129.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$507M
GROSS PROFIT	$845M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$397M
SG&A Expenses	$397M
Other Expenses	-$652.0K
Operating Expenses	$482M
Cost & Expenses	$990M
OPERATING INCOME	$363M
Interest Income	$502.0K
Interest Expense	$128M
Other Income/Expenses	-$141M
INCOME BEFORE TAX	$222M
Income Tax Expense	$86M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$314.0K
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$441M
EBIT	$350M
EBITDA	$791M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$507M
GROSS PROFIT	$845M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$397M
SG&A Expenses	$397M
Other Expenses	-$652.0K
Operating Expenses	$482M
Cost & Expenses	$990M
OPERATING INCOME	$363M
Interest Income	$502.0K
Interest Expense	$128M
Other Income/Expenses	-$141M
INCOME BEFORE TAX	$222M
Income Tax Expense	$86M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$314.0K
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$441M
EBIT	$350M
EBITDA	$791M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$136M
Depreciation & Amortization	$441M
Stock-Based Compensation	$17M
Deferred Income Tax	-$89M
Other Non-Cash Items	$30M
Change in Working Capital	$33M
OPERATING CASH FLOW	$569M
Capital Expenditure	-$19M
Acquisitions (Net)	-$185.0K
Purchases of Investments	-$750.0K
Sales/Maturities of Investments	$19M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$155M
Common Stock Repurchased	-$16M
Common Dividends Paid	$0
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$155M
FREE CASH FLOW	$550M
Net Change in Cash	$395M

Balance Sheet

Item	Amount
Cash & Equivalents	$611M
Short-Term Investments	$0
Net Receivables	$307M
Inventory	$290M
Other Current Assets	$121M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$71M
Goodwill	$79M
Intangible Assets	$992M
Long-Term Investments	-$54M
Tax Assets	$121M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.6B
Account Payables	$59M
Short-Term Debt	$0
Deferred Revenue	$53M
Other Current Liabilities	$516M
TOTAL CURRENT LIABILITIES	$822M
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$425M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$3.5B
Common Stock	$730.0K
Additional Paid-In Capital	$36M
Retained Earnings	-$893M
Treasury Stock	-$18M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$882M
Minority Interest	$0
TOTAL EQUITY	-$882M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$2.2B
Net Debt	$1.6B