February 26, 2017 7:33 AM ET

Media

Company Overview of AMC Networks Inc.

Company Overview

AMC Networks Inc. engages in the ownership and operation of various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks, and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats. This segment distributes its networks in the United States through cable and other multichannel video programming distribution platforms, including direct broadcast satellite and platforms opera...

11 Penn Plaza

New York, NY 10001

United States

Founded in 1980

Phone:

212-324-8500

Key Executives for AMC Networks Inc.

Chief Executive Officer and President
Age: 65
Total Annual Compensation: $2.0M
Executive Chairman
Age: 90
Total Annual Compensation: $400.0K
Chief Financial Officer and Executive Vice President
Age: 49
Total Annual Compensation: $800.0K
Chief Operating Officer
Age: 52
Total Annual Compensation: $1.5M
Executive Vice President and General Counsel
Age: 58
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2015.

AMC Networks Inc. Key Developments

AMC Networks Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

AMC Networks Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenues, net of $729,597,000 compared to $678,950,000 a year ago. Operating income was $103,728,000 compared to $160,344,000 a year ago. Income from operations before income taxes was $64,815,000 compared to $136,167,000 a year ago. Net income attributable to the company stockholders was $14,498,000 or $0.20 per diluted share compared to $90,089,000 or $1.23 per diluted share a year ago. The increase in net revenues reflected 9.2% growth at National Networks and a decrease of $1 million at international and other. The operating income decrease reflected an increase of 9.2% at National Networks more than offset by an increase of $75 million in operating loss at international and other. Fourth quarter Adjusted EPS was $92 million ($1.30 per diluted share), compared with $102 million ($1.39 per diluted share) in the fourth quarter of 2015. The decrease in adjusted EPS was primarily related to the increase in adjusted operating income more than offset by an increase in miscellaneous expense, net. For the year, the company reported revenues, net of $2,755,654,000 compared to $2,580,935,000 a year ago. Operating income was $657,556,000 compared to $709,193,000 a year ago. Income from operations before income taxes was $454,825,000 compared to $582,794,000 a year ago. Net income attributable to the company stockholders was $270,510,000 or $3.74 per diluted share compared to $366,788,000 or $5.01 per diluted share a year ago. Net debt as at December 31, 2016 was $2,376,611,000. For the full year ended December 31, 2016, net cash provided by operating activities was $514 million, an increase of $144 million versus the prior year period. The increase was primarily the result of an increase in operating performance and a decrease in tax payments and working capital. Adjusted operating income totaled $879 million, an increase of 4.8%, or $40 million, versus the prior year period. Full year adjusted EPS was $415 million ($5.73 per diluted share), compared with $406 million ($5.54 per diluted share) in the prior year period. The increase in adjusted EPS was primarily related to the increase in adjusted operating income partially offset by an increase in miscellaneous expense, net. Capital expenditures were $79,220,000 against $68,321,000 for the same period a year ago.

AMC Networks Inc. to Report Q4, 2016 Results on Feb 23, 2017

AMC Networks Inc. announced that they will report Q4, 2016 results at 9:00 AM, Eastern Standard Time on Feb 23, 2017

AMC Networks Inc., Q4 2016 Earnings Call, Feb 23, 2017

AMC Networks Inc., Q4 2016 Earnings Call, Feb 23, 2017

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