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AMC Global Media (AMCX) Q4 FY2021 earnings: revenue $804 million, up 3.0% on the year

AMC Global Media Inc. (AMCX) reported revenue of $804 million for Q4 FY2021, the quarter ended 31 December 2021, up 3.0% on the same quarter a year earlier. Net income was $17 million, down 82.0% on the year, and diluted earnings per share $0.37. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.

Revenue$804 millionup 3.0%
Net income$17 milliondown 82.0%
Diluted EPS$0.37
QuarterQ4 FY2021ended 31 December 2021

The quarter, against the one before and a year earlier

LineQ4 FY2021Q3 FY2021A year earlierChange on the year
Revenue804811n/an/a
Cost of revenue434378n/an/a
Gross profit369433n/an/a
Gross margin45.9%53.3%n/a
Selling, general and administrative282220n/an/a
Operating income63.6188n/an/a
Operating margin7.9%23.2%n/a
Interest expense31.431.4n/an/a
Pre-tax income40.4159n/an/a
Income tax16.440.7n/an/a
Effective tax rate40.6%25.6%n/a
Net income17.0111n/an/a
Net margin2.1%13.6%n/a
Diluted EPS$0.37$2.55n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2021Q3 FY2021A year earlierChange on the year
Operating cash flow99.5-87.2n/an/a
Capital expenditure12.611.1n/an/a
Free cash flow86.9-98.3n/an/a
Free cash flow margin10.8%-12.1%n/a
Cash from investing-57.5-11.1n/an/a
Cash from financing-17.5-2.4n/an/a
Depreciation and amortisation22.623.4n/an/a
Share-based compensation8.89.5n/an/a
Buybacks0.00.0n/an/a
Diluted shares, weighted43m43mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2021Q3 FY2021A year earlierChange on the year
Shareholders' equity851837n/an/a
Non-controlling interest51.651.6n/an/a
Redeemable equity284291n/an/a
Debt2,8382,838n/an/a
Operating lease liabilities128135n/an/a
Finance lease liabilities23.524.6n/an/a
Other liabilities1,5721,317n/an/a
Total liabilities and equity5,7495,495n/an/a
Fixed assets226219n/an/a
Goodwill709690n/an/a
Intangible assets399392n/an/a
Securities held for sale or to maturity5.88.2n/an/a
Cash and equivalents892871n/an/a
Receivables815772n/an/a
Other assets2,7012,545n/an/a
Total assets5,7495,495n/an/a

Questions

What was AMC Global Media's revenue in Q4 FY2021?

AMC Global Media (AMCX) reported revenue of $804 million for Q4 FY2021, the quarter ended 31 December 2021, up 3.0% on the same quarter a year earlier.

How much did AMC Global Media earn in Q4 FY2021?

Net income for Q4 FY2021 was $17 million, down 82.0% on the year, and diluted earnings per share $0.37.

When did AMC Global Media report Q4 FY2021 results?

AMC Global Media filed its 10-K for the year that ended with the quarter on 16 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue811804712738682965717679637679596626600599555600562595542547
Cost of revenue378434284326293612327322285394272281288293267284291299283289
Gross profit433369428412388352391357352285325345312307288316271296259259
Gross margin53%46%60%56%57%37%54%53%55%42%54%55%52%51%52%53%48%50%48%47%
SG&A220282231232208226186194187197189208192193198222189209202225
Operating income18863.6175153151-392173106121-11.411010.893.7-25464.264.555.5-50.931.315.9
Operating margin23%8%25%21%22%-41%24%16%19%-2%18%2%16%-42%12%11%10%-9%6%3%
Interest expense31.431.430.832.034.336.737.638.938.837.432.843.245.145.043.442.544.641.941.342.7
Pre-tax income15940.4152123118-42414884.391.6-28.081.0-21.466.3-30037.168.8123-80.7-23.9-24.4
Tax rate26%41%27%27%24%n/a25%26%26%n/a29%n/a30%n/a40%23%35%n/an/an/a
Net income11117.010483.484.7-26510470.263.4-21.845.8-29.241.4-28418.050.376.5-55.5-18.9-21.9
Net margin14%2%15%11%12%-27%14%10%10%-3%8%-5%7%-47%3%8%14%-9%-3%-4%
Diluted EPS$2.55$0.37$2.38$1.91$1.94-$6.11$2.36$1.60$1.44-$0.50$1.03-$0.66$0.76-$6.38$0.34$0.91$1.38-$1.26-$0.43-$0.51
Operating cash flow-87.299.5-23.640.719.4145-13315810672.815110462.258.110910344.849.267.557.2
Capital expenditure11.112.611.510.012.010.811.510.06.96.86.79.28.320.514.67.02.88.82.713.9
Free cash flow-98.386.9-35.130.77.5134-14414899.266.014495.253.937.694.295.742.040.464.843.3
Buybacks0.00.0n/an/an/an/an/an/an/an/an/an/a0.0n/an/an/a0.0n/an/an/a
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/a44m44m45m43m44m43m44m41m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 16 February 2022: the filing.