AMC Entertainment (AMC) 10-Q 7 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Entity Registrant Name	AMC ENTERTAINMENT HOLDINGS, INC.
Entity Central Index Key	1,411,579
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Class A common stock
Entity Common Stock, Shares Outstanding		52,244,412
Class B common stock
Entity Common Stock, Shares Outstanding		75,826,927

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Revenues	$ 1,383.6	$ 1,281.4
Operating costs and expenses
Operating costs and expenses	411.9	356.4
Rent	189.7	190.4
General and administrative:
Merger, acquisition and transaction costs	4.7	40.2
Other	44.2	34.4
Depreciation and amortization	130.5	125.3
Operating costs and expenses	1,273.7	1,226.1
Operating income (loss)	109.9	55.3
Other expense (income)
Other expense (income)	1.2	(2.6)
Interest expense:
Corporate borrowings	61.7	51.2
Capital and financing lease obligations	10.3	10.8
Non-cash interest expense related to NCM exhibitor service agreement	10.5
Equity in (earnings) loss of non-consolidated entities	9	2.3
Investment (income) expense	(5.2)	(5.6)
Total other expense	87.5	56.1
Earnings (loss) before income taxes	22.4	(0.8)
Income tax provision (benefit)	4.7	(9.2)
Net earnings (loss)	$ 17.7	$ 8.4
Earnings (loss) per share:
Basic	$ 0.14	$ 0.07
Diluted	$ 0.14	$ 0.07
Average shares outstanding:
Basic (in thousands)	128,046	121,358
Diluted (in thousands)	128,046	121,401
Dividends declared per basic and diluted common share (in dollars per share)	$ 0.20	$ 0.20
Admissions
Revenues
Revenues	$ 875	$ 817.5
Operating costs and expenses
Operating costs and expenses	426.5	419.6
Food and beverage
Revenues
Revenues	405.8	397.6
Operating costs and expenses
Operating costs and expenses	66.2	59.8
Total other theatre
Revenues
Revenues	$ 102.8	$ 66.3

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Comprehensive income
Net earnings (loss)	$ 17.7	$ 8.4
Unrealized foreign currency translation adjustment, net of tax	11.7	(2.2)
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	(1.2)
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax		0.1
Marketable securities:
Unrealized net holding gain arising during the period, net of tax		0.2
Equity method investees' cash flow hedge:
Unrealized net holding gain (loss) arising during the period, net of tax	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax	(0.2)
Other comprehensive income (loss), net of tax	10.5	(1.9)
Total comprehensive income (loss)	$ 28.2	$ 6.5

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 300.9	$ 310
Restricted cash	11.6	8.3
Receivables, net	167.1	271.5
Assets held for sale	54.4	80
Other current assets	204.1	202.6
Total current assets	738.1	872.4
Property, net	3,091.3	3,116.5
Intangible assets, net	378	380.5
Goodwill	4,944.2	4,931.7
Deferred tax asset, net	28.2	28.9
Other long-term assets	505.9	475.9
Total assets	9,685.7	9,805.9
Current liabilities:
Accounts payable	454.2	569.6
Accrued expenses and other liabilities	348.5	351.1
Deferred revenues and income	332.9	401
Current maturities of corporate borrowings and capital and financing lease obligations	86.6	87.7
Total current liabilities	1,222.2	1,409.4
Corporate borrowings	4,244.1	4,220.1
Capital and financing lease obligations	573.1	578.9
Exhibitor services agreement	575	530.9
Deferred tax liability, net	48.5	49.6
Other long-term liabilities	937.5	903.8
Total liabilities	7,600.4	7,692.7
Commitments and contingencies
Temporary Equity
Class A common stock (temporary equity) ($.01 par value, 85,622 shares issued; 48,853 shares outstanding as of March 31, 2018 and 112,817 shares issued; 76,048 shares outstanding as of December 31, 2017)	0.5	0.8
Stockholders' equity:
Additional paid-in capital	2,242.9	2,241.6
Treasury stock (3,232,625 shares as of December 31, 2017 and 36,769 shares as of December 31, 2016, at cost)	(48.2)	(48.2)
Accumulated other comprehensive income (loss)	140.5	125.6
Accumulated earnings	(251.7)	(207.9)
Total stockholders' equity	2,084.8	2,112.4
Total liabilities and stockholders' equity	9,685.7	9,805.9
Class A common stock
Stockholders' equity:
Common stock value	0.5	0.5
Class B common stock
Stockholders' equity:
Common stock value	$ 0.8	$ 0.8

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Common stock (temporary equity), par value (in dollars per share)	$ 0.01	$ 0.01
Common stock (temporary equity), shares issued (in shares)	85,622	112,817
Common stock (temporary equity), shares outstanding (in shares)	48,853	76,048
Treasury stock, shares	3,232,625	3,232,625
Class A common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	524,173,073	524,173,073
Common stock, shares issued (in shares)	55,391,415	55,010,160
Common stock, shares outstanding (in shares)	52,195,559	51,814,304
Class B common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	75,826,927	75,826,927
Common stock, shares issued (in shares)	75,826,927	75,826,927
Common stock, shares outstanding (in shares)	75,826,927	75,826,927

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS kr in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Cash flows from operating activities:
Net earnings (loss)	$ 17.7	$ 8.4
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	130.5	125.3
Loss NCM charged to merger, acquisition and transaction costs		22.6
Loss on extinguishment of debt		0.5
Deferred income taxes	1.5	(8.8)
Amortization of premium on corporate borrowings	(0.9)	(0.3)
Amortization of deferred charges to interest expense	3.8	2.4
Theatre and other closure expense	1.5	0.9
Non-cash portion of stock-based compensation	2.8	0.1
Loss (gain) on dispositions	(1.2)	(0.2)
Equity Method Investment, Realized Gain (Loss) on Disposal	1.1
Repayment of Nordic interest rate swaps		(2.7)
Equity in earnings and losses from non-consolidated entities, net of distributions	11.3	21.2
NCM other-than-temporary impairment loss	16
Landlord contributions	42.1	25
Deferred rent	(39.3)	(10.2)
Net periodic benefit cost (credit)	0.2	0.1
Change in assets and liabilities, excluding acquisitions:
Receivables	114	97.8
Other assets	(3.3)	(10.7)
Accounts payable	(107.1)	(69.9)
Accrued expenses and other liabilities	(29.8)	(29.4)
Other, net	4.5	0.4
Net cash provided by operating activities	165.4	172.5
Cash flows from investing activities:
Capital expenditures	(107.3)	(161.3)
Proceeds from disposition of long-term assets	3.8	4
Investments in non-consolidated entities, net	(10.7)	(0.3)
Other, net	(0.6)	(1.6)
Net cash used in investing activities	(114.8)	(743.5)
Cash flows from financing activities:
Repayments of Term Loan	(3.5)	(2.2)
Net proceeds from equity offering		617.5
Principal payment of Loan		(350)
Principal payments under capital and financing lease obligations	(17.9)	(19.7)
Cash used to pay for deferred financing costs		(27.5)
Cash used to pay dividends	(25.8)	(26.2)
Taxes paid for restricted unit withholdings	(1.7)	(6.5)
Purchase of treasury stock	(13.5)
Net cash provided by (used in) financing activities	(62.4)	674.3
Effect of exchange rate changes on cash and cash equivalents and restricted cash	6	2.9
Net increase (decrease) in cash, cash equivalents, and restricted cash	(5.8)	106.2
Cash and cash equivalents, and restricted cash at beginning of period	318.3	230.2
Cash and cash equivalents, and restricted cash at end of period	312.5	336.4
Cash paid during the period for:
Interest (including amounts capitalized of $0.2 million and $0.1 million)	35.7	39
Income taxes paid (refunded), net	4.5	1
Schedule of non-cash activities:
Investment in NCM (See Note 4-Investments)	(6.3)	235.2
Construction payables at period end	75.8	107.3
6.375% Senior Subordinated Notes due 2024
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes		327.8
6.125% Senior Subordinated Notes due 2027
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes		475
Term Loan Facility (SEK)
Cash flows from financing activities:
Payments of Senior Subordinated Notes		(144.4)
Repayments of Term Loan		(144.4)
Term Loan facility (EUR)
Cash flows from financing activities:
Payments of Senior Subordinated Notes		(169.5)
Repayments of Term Loan		(169.5)
Nordic
Cash flows from investing activities:
Acquisition		(584.4)
Carmike
Cash flows from investing activities:
Acquisition		$ 0.1
NCM
Adjustments to reconcile net earnings to net cash provided by operating activities:
Loss NCM charged to merger, acquisition and transaction costs	$ (1.1)

CONSOLIDATED STATEMENTS OF CAS7

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Interest, capitalized	$ 0.1

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2018
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1—BASIS OF PRESENTATION AMC Entertainment Holdings, Inc. (“Holdings”), through its direct and indirect subsidiaries, including American Multi-Cinema, Inc. and its subsidiaries, (collectively with Holdings, unless the context otherwise requires, the “Company” or “AMC”), is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres located in the United States and Europe. Holdings is an indirect subsidiary of Dalian Wanda Group Co., Ltd. (“Wanda”), a Chinese private conglomerate. As of March 31, 2018, Wanda owned approximately 59.21% of Holdings’ outstanding common stock and 81.32% of the combined voting power of Holdings’ outstanding common stock and has the power to control Holdings’ affairs and policies, including with respect to the election of directors (and, through the election of directors, the appointment of management), entering into mergers, sales of substantially all of the Company’s assets and other extraordinary transactions. Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to: (1) Impairments, (2) Income and operating taxes, (3) Fair value of acquired assets and liabilities, and (4) Gift card and exchange ticket income. Actual results could differ from those estimates. Principles of Consolidation: The accompanying unaudited consolidated financial statements include the accounts of Holdings and all subsidiaries, as discussed above, and should be read in conjunction with the Company’s Annual Report on Form 10–K for the year ended December 31, 2017. The accompanying consolidated balance sheet as of December 31, 2017, which was derived from audited financial statements, and the unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10–Q. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, these interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the Company’s financial position and results of operations. All significant intercompany balances and transactions have been eliminated in consolidation. There are no noncontrolling (minority) interests in the Company’s consolidated subsidiaries; consequently, all of its stockholders’ equity, net earnings and total comprehensive income for the periods presented are attributable to controlling interests. Due to the seasonal nature of the Company’s business, results for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018. The Company manages its business under two reportable segments for its theatrical exhibition operations, U.S. markets and International markets. Presentation: Certain reclassifications have been made to the prior period financial statements to conform to the current year presentation. Accounting Pronouncements Recently Adopted Revenue from Contracts with Customers . The Company adopted the guidance of Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, (“ASC 606”) as of January 1, 2018 using the modified retrospective method. ASC 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of accumulated deficit. ASC 606 was applied only to contracts that were not completed at January 1, 2018. The comparative information in the prior year has not been adjusted and continues to be reported under ASC 605, Revenue Recognition, which was the accounting standard in effect for those periods. See Note 2—Revenue for the required disclosures of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers per the guidance in ASC 606. Reclassification of Certain Tax Effects. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which allows a reclassification from accumulated other comprehensive income to accumulated deficit for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act signed into law in December 2017. ASU 2018-02 is effective for the Company on January 1, 2019 and early adoption of the amendments is permitted, including adoption in any interim period. The Company early adopted ASU 2018-02, effective January 1, 2018, and recorded a reclassification related to the stranded tax effects that increases accumulated other comprehensive income and increases accumulated deficit by $5.0 million in the consolidated balance sheets as of January 1, 2018. See Note 7—Income Taxes for further information. Modification Accounting for Stock-Based Compensation. In May 2017, the FASB issued ASU No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting (“ASU 2017-09”), which amends the scope of modification accounting for share-based payment arrangements and provides guidance on the types of changes to the terms or conditions of the share-based payment awards to which an entity would be required to apply modification accounting under ASC 718. The amendments in ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Company adopted ASU 2017-09 on January 1, 2018 and will apply the guidance in ASU 2017-09 to any future changes to the terms or conditions of stock-based payment awards should they occur. The Company’s adoption of ASU 2017-09 did not have an impact on its consolidated financial statements. Improving Presentation of Net Benefit Costs. In March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (“ASU 2017-07”). The guidance requires the service cost component of defined benefit pension plans and other post-retirement benefit plans to be reported in the same line item as other compensation costs arising from the services rendered by the pertinent employees while the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and reported outside a subtotal of operating income. The amendments in this guidance should be applied retrospectively for the presentation of the service cost component and the other components of net benefit cost in the consolidated statements of operations. The Company adopted ASU 2017-07 effective January 1, 2018 and recorded a prior period adjustment for the three months ended March 31, 2017 in the consolidated statements of operations to decrease general and administrative other by $0.1 million, related to the other components of net benefit cost, with a corresponding decrease to other income of $0.1 million. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Restricted Cash in Statement of Cash Flows. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (A Consensus of the FASB Emerging Issues Task Force) (“ASU 2016-18”). ASU 2016-18 requires that restricted cash be included with cash and cash equivalents when reconciling the beginning and end-of-period total amounts shown on the statement of cash flows. This guidance must be applied retrospectively to all periods presented. The change in accounting principle is preferable because it provides guidance on the presentation of restricted cash in the statement of cash flows. The Company adopted ASU 2016-18 effective January 1, 2018 and the prior period has been adjusted to conform to the current period presentation. The adoption of this guidance resulted in a prior period increase related to the effect of exchange rate changes on cash and cash equivalents and restricted cash of $0.2 million in the consolidated statements of cash flows for the three months ended March 31, 2017. This guidance also requires a new disclosure to reconcile the cash balances within the consolidated statement of cash flows to the consolidated balance sheets. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the consolidated statements of cash flows: (In millions) March 31, 2018 December 31, 2017 Cash and cash equivalents $ 300.9 $ 310.0 Restricted cash 11.6 8.3 Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 312.5 $ 318.3 Classification of certain cash receipts and cash payments. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). The amendments in this update provide guidance on eight specific cash flow classification issues. The update provides specific guidance on each of the eight issues, thereby reducing the diversity in practice in how certain transactions are classified in the statement of cash flows. The Company adopted ASU 2016-15 on January 1, 2018 and made an election to continue using the “nature of the distribution approach” to classify distributions received from equity method investments. The adoption of this guidance did not have an impact on the Company’s consolidated statements of cash flows. Classification and measurement of financial instruments. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. The amendments require that equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) are to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company adopted ASU 2016-01 on January 1, 2018 and recorded a decrease to accumulated other comprehensive income of $0.6 million, net of tax, related to the unrealized gains on available-for-sale securities that are equity instruments with a corresponding decrease to accumulated deficit in the consolidated balance sheets as of the beginning of the year. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. Accounting Pronouncements Issued Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases, (“ASC 842”) which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new standard establishes a right-of-use model (“ROU”) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective for the Company on January 1, 2019, with early adoption permitted. The Company plans to adopt the guidance on January 1, 2019, using a modified retrospective transition approach with the cumulative effect recognized at the date of initial application, whereby comparative prior period financial information will not be adjusted to reflect the new standard. In January 2018, the FASB issued ASU No. 2018-01, Leases, which permits an entity to elect an optional transition practical expedient to not evaluate under ASU 842 land easements that exist or expired before the entity’s adoption of ASC 842 and that were not previously accounted for as leases. The Company expects that this standard will have a material effect on its consolidated financial statements. While the Company is continuing to assess the effect of adoption, the Company currently believes the most significant changes relate to (1) the recognition of new ROU assets and lease liabilities on its balance sheet for theatres currently subject to operating leases; (2) the derecognition of existing assets and liabilities for certain sale-leaseback transactions (including those arising from build-to-suit lease arrangements for which construction is complete and the Company is leasing the constructed asset) that currently do not qualify for sale accounting; and (3) the derecognition of existing assets and liabilities for certain assets under construction in build-to-suit lease arrangements that the Company will lease when construction is complete. The Company does not expect a significant change in our leasing activity between now and adoption. However, the Company has not quantified the effects of these expected changes from the new standard. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which provides new guidance regarding the measurement and recognition of credit impairment for certain financial assets. Such guidance will impact how the Company determines its allowance for estimated uncollectible receivables and evaluates its available-for-sale investments for impairment. ASU 2016-13 is effective for the Company in the first quarter of 2020, with early adoption permitted in the first quarter of 2019. The Company is currently evaluating the effect that ASU 2016-13 will have on its consolidated financial statements and related disclosures, and the Company has not determined if it will early adopt. Accumulated depreciation and amortization: Accumulated depreciation was $1,385.3 million and $1,266.9 million, at March 31, 2018 and December 31, 2017, respectively, related to property. Accumulated amortization of intangible assets was $64.3 million and $55.5 million, at March 31, 2018 and December 31, 2017, respectively. Leases: During the three months ended March 31, 2018, the Company modified the terms of an existing operating lease to reduce the lease term. The Company received a $35.0 million incentive from the landlord to enter into the new lease agreement. The Company has recorded amortization of the lease incentive as a reduction to rent expense on a straight-line basis over the remaining lease term which reduced rent expense by $24.2 million during the three months ended March 31, 2018.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2018
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 2—REVENUE RECOGNITION The Company adopted ASC 606 on January 1, 2018 using the modified retrospective method; and therefore, the comparative information has not been adjusted for the three months ended March 31, 2017. The cumulative effect of the changes made to the consolidated balance sheet at January 1, 2018 for the adoption of ASC 606, are included in the following table: (In millions) Balance at Adjustments Due to ASC 606 Balance at Assets: Other long-term assets $ 475.9 $ 11.1 $ 487.0 Current liabilities: Deferred revenues and income 401.0 (10.0) 391.0 Long-term liabilities: Exhibitor services agreement 530.9 52.9 583.8 Stockholders' equity: Accumulated deficit (207.9) (31.8) (239.7) The disclosure of the impact of the adoption of ASC 606 on the Company’s consolidated statement of operations is as follows: Three Months Ended March 31, 2018 (In millions) Without Adoption of ASC 606 Adjustments As Reported Revenues: Admissions $ 875.4 $ (0.4) $ 875.0 Food and beverage 405.9 (0.1) 405.8 Other theatre 90.6 12.2 102.8 Total revenues 1,371.9 11.7 1,383.6 Operating costs and expenses: Operating expense, excluding depreciation and amortization 403.5 8.4 411.9 Non-cash interest expense related to NCM exhibitor service agreement — 10.5 10.5 Net earnings 24.9 (7.2) 17.7 Revenues: The Company recognizes revenue, net of sales tax, when it satisfies a performance obligation by transferring control over a product or service to a customer. Admissions and food and beverage revenues are recognized at a point in time when a film is exhibited to a customer and when a customer takes possession of food and beverage offerings. The Company defers 100% of the revenue associated with the sales of gift cards and exchange tickets until such time as the items are redeemed or estimated income from non-redemption is recorded. The Company recognizes income from non-redeemed or partially redeemed gift cards in proportion to the pattern of rights exercised by the customer (“proportional method”) where it applies an estimated non-redemption rate for its gift card sales channels, which range from 12% to 18% of the current month sales, and the Company recognizes in other theatre revenues the total amount of expected income for non-redemption for that current month’s sales as income over the next 24 months in proportion to the pattern of actual redemptions. The Company has determined its non-redeemed rates and redemption patterns using data accumulated over ten years. Prior to January 1, 2018, income for non-redeemed exchange tickets were recognized 18 months after purchase when the redemption of these items was determined to be remote. At January 1, 2018, the Company changed its method for recognizing income from non-redeemed exchange tickets to the proportional method, where it applies a non-redemption rate of 10% to the current month sales, and the Company recognizes the total amount of income for that current month’s sales as income over the next 24 months in proportion to the pattern of actual redemptions. Management believes the 24-month estimate is supported by its continued development of redemption history and that it is reflective of management’s current best estimate. The adoption of the proportional method of recognizing income from non-redeemed exchange tickets did not have a material impact on the Company’s consolidated financial statements. Prior to January 1, 2018, the Company recorded online ticket fee revenues net of third-party commission or service fees. In accordance with ASC 606 guidance, the Company believes that it is a principal (as opposed to agent) in the arrangement with third-party internet ticketing companies in regard to the sale of online tickets to customers. Upon adoption of ASC 606 on January 1, 2018, the Company recognizes ticket fee revenues based on a gross transaction price. The online ticket fee revenues and the third-party commission or service fees are recorded in the line item other theatre revenues and operating expense, respectively, in the consolidated statements of operations. These changes did not have any impact on net income or cash flows from operations. Exhibitor Services Agreement: The Company recognizes advertising revenues, which are included in other theatre revenues in the consolidated statements of operations, when it satisfies a performance obligation by transferring a promised good or service to the customers. The advertising contracts with customers generally consist of a series of distinct periods of service, satisfied over time, to provide rights to advertising services. The Company’s ESA with NCM includes a significant financing component due to the significant length of time between receiving the noncash consideration and fulfilling the performance obligation. The Company receives the non-cash consideration in the form of common membership units from NCM, in exchange for rights to exclusive access to the Company’s theatre screens and attendees through February 2037. Upon adoption of ASC 606, the Company’s advertising revenues have significantly increased with a similar offsetting increase in non-cash interest expense, which is recorded to non-cash NCM exhibitor service agreement in the consolidated statements of operations. Upon adoption of ASC 606 and pursuant to the calculation requirements for the time value of money, the amortization method reflects the front-end loading of the significant financing component where more interest expense is recognized earlier during the term of the agreement than the back-end recognition of the deferred revenue amortization where more revenue is recognized later in the term of the agreement. See Note 5—Investments for further information regarding the common unit adjustment and the fair value measurement of the noncash consideration. The interest expense was calculated using discount rates that ranged from 6.5% to 8.5%, which are the rates at which the Company believes it could borrow in separate financing transactions. The Company recognized a cumulative effect transition adjustment of initially applying ASC 606 by increasing accumulated deficit on January 1, 2018 by approximately $52.9 million, including income tax effect of $0, as a result of this change. These changes did not have any impact on the Company’s cash flows from operations. Customer Frequency Program: AMC Stubs ® is a customer loyalty program which allows members to earn rewards, receive discounts and participate in exclusive members-only offerings and services. In July 2016, the Company completed a national relaunch of its AMC Stubs ® loyalty program featuring both a traditional paid tier called AMC Stubs Premiere TM and a new non-paid tier called AMC Stubs Insider TM . Both programs reward loyal guests for their patronage of AMC Theatres. The AMC Stubs Insider TM tier rewards guests for simply coming to the movies, and benefits include free refills on certain food items, discount ticket offers, a birthday gift and 20 reward points earned for every dollar spent. For a $15.00 annual membership fee, AMC Stubs Premiere TM members enjoy express service with specially marked shorter lines at the box office and concession stand, free size upgrades on certain food and beverage items, discount ticket offers, a birthday gift, discounted online ticketing fees and 100 reward points for every dollar spent. Some of the rewards earned are redeemable on future purchases at AMC locations. Once an AMC Stubs Premiere TM or AMC Stubs Insider TM member accumulates 5,000 points they will earn a $5.00 virtual reward. The portion of the admissions and food and beverage revenues attributed to the rewards is deferred as a reduction of admissions and food and beverage revenues and is allocated between admissions and food and beverage revenues based on expected member redemptions. Upon redemption, deferred rewards are recognized as revenues along with associated cost of goods. Converted rewards not redeemed within nine months are forfeited and recognized as admissions or food and beverage revenues. Prior to January 1, 2018, rewards for expired memberships were forfeited based upon specified periods of inactivity of the membership and recognized as admissions or food and beverage revenues. As of January 1, 2018, the Company changed its method for recognizing forfeited rewards from the remote method to the proportional method, where the Company estimates point breakage in assigning value to the points at the time of sale based on historical trends. Disaggregation of Revenue : Revenue is disaggregated in the following tables by major revenue types and by timing of revenue recognition: Three Months Ended (In millions) March 31, 2018 Major revenue types Admissions $ 875.0 Food and beverage 405.8 Other theatre: Advertising 37.6 Other theatre 65.2 Other theatre 102.8 Total revenues $ 1,383.6 Three Months Ended (In millions) March 31, 2018 Timing of revenue recognition Products and services transferred at a point in time $ 1,333.2 Products and services transferred over time (1) 50.4 Total revenues $ 1,383.6 (1) Amounts primarily include advertising revenues. The following tables provide the balances of receivables and deferred revenue income: (In millions) March 31, 2018 December 31, 2017 Current assets: Receivables related to contracts with customers $ 88.8 $ 204.3 Miscellaneous receivables 78.3 67.2 Receivables, net $ 167.1 $ 271.5 (In millions) March 31, 2018 December 31, 2017 Current liabilities: Deferred revenue related to contracts with customers $ 317.4 $ 365.6 Miscellaneous deferred income 15.5 35.4 Deferred revenue and income $ 332.9 $ 401.0 The significant changes in contract liabilities with customers included in deferred revenues and income are as follows: Deferred Revenues Related to Contracts (In millions) with Customers Balance as of December 31, 2017 $ 365.6 Cumulative effect of initially applying ASC 606 (10.0) Cash received in advance (1) 95.6 Customer loyalty rewards accumulated, net of expirations: Admission revenues (2) 7.4 Food and beverage (2) 9.7 Reclassification to revenue as the result of performance obligations satisfied: Admission revenues (3) (103.3) Food and beverage (3) (20.7) Other theatre (4) (25.0) Business combination - Nordic purchase price allocation (5) (2.3) Foreign currency translation adjustment 0.4 Balance as of March 31, 2018 $ 317.4 (1) Includes movie tickets, food and beverage, gift cards, exchange tickets, and AMC Stubs ® loyalty membership fees. (2) Amount of rewards accumulated, net of expirations, that are attributed to AMC Stubs ® loyalty program. (3) Amount of rewards redeemed that are attributed to gift cards, exchange tickets, and AMC Stubs ® loyalty program. (4) Amounts relate to income from non-redeemed or partially redeemed gift cards, non-redeemed exchange tickets, and AMC Stubs ® loyalty membership fees. (5) See Note 3 – Acquisitions for further information. The significant changes to contract liabilities included in the exhibitor services agreement, classified as long-term liabilities in the consolidated balance sheets, are as follows: Exhibitor Services (In millions) Agreement Balance as of December 31, 2017 $ 530.9 Cumulative effect of initially applying ASC 606 52.9 Common Unit Adjustment – surrender of common units (1) (5.2) Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied (3.6) Balance as of March 31, 2018 $ 575.0 (1) Represents the fair value amount of the NCM common units that were surrendered due to the annual Common Unit Adjustment. Such amount will reduce the deferred revenues that are being amortized to other theatre revenues over the remainder of the 30-year term of the ESA ending in February 2037. See Note 5—Investments for further information. Transaction Price Allocated to the Remaining Performance Obligations: The following table includes the amount of NCM ESA, included in deferred revenues and income in the Company’s consolidated balance sheets, that is expected to be recognized as revenues in the future related to performance obligations that are unsatisfied as of March 31, 2018: (In millions) Nine Months Ended December 31, 2018 Year Ended Year Ended Year Ended Year Ended Years Ended Exhibitor services agreement $ 11.0 $ 15.7 $ 16.8 $ 18.1 $ 19.4 $ 494.0 The total amount of non-redeemed gifts cards and exchange tickets included in deferred revenues and income as of March 31, 2018 was $259.7 million. This will be recognized as revenues as the gift cards and exchange tickets are redeemed or as the non-redeemed gift card and exchange ticket revenues are recognized in proportion to the pattern of actual redemptions, which is estimated to occur over the next 24 months. As of March 31, 2018, the amount of deferred revenue allocated to the AMC Stubs ® loyalty programs included in deferred revenues and income was $41.0 million. The earned points will be recognized as revenue as the points are redeemed, which is estimated to occur over the next 24 months. The annual membership fee is recognized ratably over the one-year membership period. The Company applies the practical expedient in ASC 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2018
ACQUISITIONS
ACQUISITION	NOTE 3—ACQUISITIONS Nordic Cinema Group Holding AB On March 28, 2017, the Company completed the acquisition of Nordic Cinema Group Holding AB (“Nordic”) for cash. The purchase price for Nordic was approximately SEK 5,756 million ($654.9 million), which includes payment of interest on the equity value and repayment of shareholder loans. As a result of the acquisition, the Company assumed the indebtedness of Nordic of approximately SEK 1,269 million ($144.4 million) and indebtedness of approximately €156 million ($169.5 million) as of March 28, 2017, which was refinanced subsequent to the acquisition. The Company also assumed approximately SEK 13.5 million ($1.6 million) and approximately €1.0 million ($1.1 million) of interest rate swaps related to the indebtedness which were repaid following the acquisition. All amounts have been converted into US Dollar amounts assuming an SEK/USD exchange rate of 0.11378 and an EUR/USD exchange rate of 1.0865, which were the exchange rates on March 27, 2017. The acquisition is being treated as a purchase in accordance with Accounting Standards Codification Topic 805, Business Combinations (“ASC 805, Business Combinations”), which requires allocation of the purchase price to the estimated fair values of assets and liabilities acquired in the transaction. The allocation of purchase price is based on management’s judgment after evaluating several factors, including a valuation assessment. The Company finalized the appraisals for both tangible and intangible assets and liabilities during the three months ended March, 31, 2018. The following is a summary of the final allocation of the purchase price: (In millions) March 28, 2017 Changes March 31, 2018 Cash $ 70.5 $ 0.9 $ 71.4 Restricted cash — 5.9 5.9 Receivables 25.0 (11.6) 13.4 Other current assets 14.0 9.6 23.6 Property (1) 89.8 43.4 133.2 Intangible assets (1) (2) — 22.1 22.1 Goodwill (3) 872.1 (79.2) 792.9 Deferred tax asset 5.5 (4.6) 0.9 Other long-term assets (6) 41.0 34.2 75.2 Accounts payable (30.3) 0.1 (30.2) Accrued expenses and other liabilities (26.5) (9.6) (36.1) Deferred revenues and income (43.5) 2.3 (41.2) Term Loan Facility (SEK) (144.4) — (144.4) Term Loan Facility (EUR) (169.5) — (169.5) Capital lease and financing lease obligations (1)(4) (29.2) 19.2 (10.0) Deferred tax liability (5.2) (13.5) (18.7) Other long-term liabilities (5) (14.4) (19.2) (33.6) Total estimated purchase price $ 654.9 $ — $ 654.9 (1) Amounts recorded for property include land, buildings, capital lease assets, leasehold improvements, furniture, fixtures and equipment. During the year ended March 31, 2018, the Company recorded measurement period adjustments primarily related to the valuation of property, intangible assets, equity method investments, financing lease obligations and related tax adjustments. (2) Additional information for intangible assets acquired on March 28, 2017 is presented below: Weighted Average Gross (In millions) Amortization Period Carrying Amount Acquired intangible assets: Amortizable intangible assets: Favorable leases 7.0 years $ 3.5 Favorable subleases 4.0 years 1.1 Screen advertising agreement 5.0 years 6.6 Trade name agreement 4.0 years 0.4 Total, amortizable 5.5 years $ 11.6 Unamortized intangible assets: Trade names $ 10.5 (3) Amounts recorded for goodwill are not expected to be deductible for tax purposes. (4) Including current portion of approximately $1.1 million. (5) Amounts recorded for other long-term liabilities include unfavorable leases of approximately $20.0 million with an amortization period of 9.3 years. (6) Includes equity method investments of $64.7 million. The fair value measurement of tangible and intangible assets and liabilities were based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows, appraisals, and market comparables. The purchase price paid by the Company in the acquisition resulted in recognition of goodwill because it exceeded the estimated fair value of the assets acquired and liabilities assumed. The Company paid a price in excess of estimated fair value of the assets acquired and liabilities assumed because the acquisition of Nordic enhances its position as the largest movie exhibition company in Europe and broadens and diversifies its European platform. The Company also expects to realize synergy and cost savings related to the acquisition because of purchasing and procurement economies of scale. During the three months ended March 31, 2018 and March 31, 2017, the Company incurred acquisition-related and transition costs for Nordic of approximately $1.2 million and $7.6 million, respectively, which were included in general and administrative expense: merger, acquisition and transaction costs in the Consolidated Statements of Operations. The revenues for Nordic during the three months ended March 31, 2018 and March 31, 2017 were $106.5 million and $2.5 million, respectively. Nordic net earnings (loss) during the three months ended March 31, 2018 and March 31, 2017 were $13.4 million and $(0.2) million, respectively. Pro Forma Results of Operations (Unaudited) The following selected comparative unaudited pro forma results of operations information for the three months ended March 31, 2017 assumes that the Nordic acquisition occurred at the beginning of 2017 and reflects the full results of operations for the periods presented. The pro forma results have been prepared for comparative purposes only and do not purport to indicate the results of operations which would actually have occurred had the combination been in effect on the dates indicated, or which may occur in the future. These amounts have been calculated after applying the Company’s accounting policies and adjusting the results of Nordic to reflect the fair value adjustments to property and equipment and financing obligations. The pro forma financial information presented includes the effects of adjustments related to fair values assigned to long-lived assets, including depreciation charges from acquired property and equipment, interest expense and incremental shares issued from financing the acquisitions and the related income tax effects, and the elimination of Carmike Cinemas, Inc. (“Carmike”) and AMC historical revenues and expenses for theatres in markets that were divested as required by the final judgement with the Department of Justice (“DOJ”)in connection with the acquisition of Carmike. Merger, acquisition and transaction costs directly related to the acquisitions have not been removed. Actual Pro Forma (In millions) March 31, 2018 March 31, 2017 Revenues $ 1,383.6 $ 1,359.3 Operating income $ 109.9 $ 64.8 Net earnings $ 17.7 $ 11.7 Earnings per share: Basic $ 0.14 $ 0.10 Diluted $ 0.14 $ 0.10

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2018
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	NOTE 4—GOODWILL The following table summarizes the changes in goodwill by reportable operating segment for the three months ended March 31, 2018: (In millions) U.S. Markets International Markets (2) Total Balance as of December 31, 2017 $ 3,072.6 $ 1,859.1 $ 4,931.7 Adjustments to acquisition of Nordic (1) — (6.4) (6.4) Currency translation adjustment — 18.9 18.9 Balance as of March 31, 2018 $ 3,072.6 $ 1,871.6 $ 4,944.2 (1) Change in goodwill from purchase price allocations adjustments. See Note 3 —Acquisitions for further information. (2) As of March 31, 2018, the goodwill for the Odeon Theatres reporting unit and the Nordic Theatres reporting unit was $1,038.0 million and $833.6 million, respectively.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2018
INVESTMENTS
INVESTMENTS	NOTE 5—INVESTMENTS Investments in non-consolidated affiliates and certain other investments accounted for under the equity method generally include all entities in which the Company or its subsidiaries have significant influence, but not more than 50% voting control, and are recorded in the Consolidated Balance Sheets in other long-term assets. Investments in non-consolidated affiliates as of March 31, 2018 include interests in NCM of 13.6%, and 1,000,000 common shares of National Cinemedia, Inc. (“NCM, Inc.”), Digital Cinema Implementation Partners, LLC (“DCIP”) of 29.0%, Digital Cinema Distribution Coalition, LLC (“DCDC”) of 14.6%, AC JV, LLC (“AC JV”) owner of Fathom Events, of 32.0%, SV Holdco LLC, owner of Screenvision, 16.5%, Digital Cinema Media (“DCM”) of 50.0%. The Company also has partnership interests in five U.S. motion picture theatres and one IMAX ® screen of 50.0% (“Theatre Partnerships”) and approximately 50.0% interest in 57 theatres in Europe acquired in the Odeon and Nordic acquisitions. Indebtedness held by equity method investees is non-recourse to the Company. Amounts payable to U.S. Theatre Partnerships were $2.6 million and $2.8 million as of March 31 2018 and December 31, 2017, respectively. Dreamscape and Central Services Studios Preferred Stock. During the three months ended March 31, 2018, the Company invested an additional $5.0 million in Dreamscape Immersive, Inc. (“Dreamscape”) and invested an additional $5.0 million in Central Services Studios, Inc. (“Central Services Studios”) as a part of its virtual reality technologies strategy. The investments are recorded at cost following the measurement alternative as there is no established market for the securities and the Company does not have significant influence over these entities. Equity in Loss of Non-Consolidated Entities Aggregated condensed financial information of the Company’s significant non-consolidated equity method investments (DCIP and NCM) is shown below: Three Months Ended (In millions) March 31, 2018 March 31, 2017 Revenues $ 121.2 $ 117.4 Operating costs and expenses 102.7 101.1 Net earnings $ 18.5 $ 16.3 The components of the Company’s recorded equity in loss of non-consolidated entities are as follows: Three Months Ended (In millions) March 31, 2018 March 31, 2017 NCM and NCM, Inc. (1) $ (17.5) $ (6.0) Digital Cinema Implementation Partners, LLC 6.6 7.4 Other 1.9 (3.7) The Company’s recorded equity in loss (1) $ (9.0) $ (2.3) NCM Transactions. In March 2018, the NCM Common Unit Adjustment ("CUA") resulted in a negative adjustment of 915,150 common units for the Company. The Company elected to return the units, which have reduced the sell-down requirement to 7.5% ownership share by December 20, 2018. The Company recorded the surrendered common units as a reduction to deferred revenues for the ESA at fair value of $5.2 million, based upon a price per share of NCM, Inc. of $5.64 on March 15, 2018 (the Effective Date). The Company’s investment in NCM was reduced by the carrying value of the common units of $6.3 million resulting in a loss from the surrender of the NCM common units of $1.1 million, which was recorded to Equity in Loss of Non-Consolidated Entities in March 2018. As of March 31, 2018, the Company owned 21,477,480 common membership units, or a 13.6% interest, in NCM and 1,000,000 common shares of NCM, Inc. The estimated fair market value of the common units in NCM and the common shares of NCM, Inc. was approximately $116.7 million based on the publicly quoted price per share of NCM, Inc. on March 31, 2018 of $5.19 per share. The Company recorded the following related party transactions with NCM: As of As of (In millions) March 31, 2018 December 31, 2017 Due from NCM for on-screen advertising revenue $ 2.4 $ 2.5 Due to NCM for Exhibitor Services Agreement 2.4 9.4 Promissory note payable to NCM 2.8 2.8 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Net NCM screen advertising revenues $ 18.8 $ 11.6 NCM beverage advertising expense 1.9 1.9 The Company recorded the following changes in the carrying amount of its investment in NCM and equity in loss of NCM during the three months ended March 31, 2018: Accumulated Exhibitor Other Investment in Services Comprehensive Cash Equity in Advertising (In millions) NCM (1) Agreement (2) (Income)/Loss Received Loss (3) (Revenue) Ending balance at December 31, 2017 $ 161.1 $ (530.9) $ (2.5) ASC 606 revenue recognition change in amortization method — (52.9) — Surrender of common units for common unit adjustment (6.3) 5.2 — $ — $ 1.1 — Receipt of excess cash distributions (10.8) — — 10.8 — — Impairment loss - held for sale (4) (14.4) — — — 14.4 — Equity in loss (0.2) — — — 0.2 — Amortization of ESA — 3.6 — — — (3.6) For the period ended or balance as of March 31, 2018 $ 129.4 $ (575.0) $ (2.5) $ 10.8 $ 15.7 $ (3.6) (1) The following table represents AMC’s investment in NCM, Inc. common shares and NCM common membership units including units received under the Common Unit Adjustment Agreement dated as of February 13, 2007: Common Membership Units Common Shares Tranche 1 Tranche 2 (a) NCM, Inc. (5) Beginning balance at December 31, 2012 17,323,782 — — Additional units received in the quarter ended June 30, 2013 — 1,728,988 — Additional units received in the quarter ended June 30, 2014 — 141,731 — Additional units received in the quarter ended June 30, 2015 — 469,163 — Additional units received in the quarter ended December 31, 2015 — 4,399,324 — Units exchanged for NCM, Inc. shares in December 2015 — (200,000) 200,000 Additional units received in the quarter ended March 31, 2017 — 18,787,315 — Surrender of units for transferred theatres in March 2017 — (2,850,453) — Surrender of units for exclusivity waiver in March 2017 — (1,807,220) — Conversion of units to NCM, Inc. common shares in September 2017 — (14,600,000) 14,600,000 Sale of NCM, Inc. common shares in September 2017 — — (14,800,000) Conversion of units to NCM, Inc. common shares in October 2017 — (1,000,000) 1,000,000 Surrender of units in the quarter ended March 31, 2018 — (915,150) — Ending balance at March 31, 2018 17,323,782 4,153,698 1,000,000 (a) The additional units received (surrendered) in June 2013, June 2014, June 2015, December 2015, March 2017, and March 2018 were measured at fair value (Level 1) using NCM, Inc.’s stock price of $15.22, $15.08, $14.52, $15.75, $12.52, and $5.64, respectively. (2) Represents the unamortized portion of the ESA with NCM. Such amounts are being amortized to other theatre revenues over the remainder of the 30-year term of the ESA ending in 2037. See Note 1 – Basis of Presentation and Note 2 – Revenue Recognition for information on the effects of adopting ASC 606. (3) Excludes a lower of carrying value or fair value impairment loss of $1.6 million related to the Company’s common stock investment in NCM, Inc. See Note 8–Fair Value Measurements for further information regarding a lower of carrying value or fair value impairment losses. (4) The Company recorded an impairment loss on held-for-sale units and shares for NCM, Inc. of $1.6 million and NCM of $14.4 million for a total impairment of $16.0 million during the three months ended March 31, 2018. The charges reflect recording our units and shares at the publicly quoted per share price on March 31, 2018 of $5.19. See Note 8–Fair Value Measurements for further information regarding a lower of carrying value or fair value impairment loss. (5) The following table represents AMC’s investment in NCM, Inc. common shares. Cash NCM Inc. Investment in Received Equity in (In millions) NCM Inc. (Paid) Loss Ending balance December 31, 2017 $ 6.8 $ — $ — Held-for-sale impairment loss (1.6) — (1.6) Expenses from the sale of NCM Inc. common shares — (0.1) (0.1) Ending balance March 31, 2018 $ 5.2 $ (0.1) $ (1.7) During the three months ended March 31, 2018 and March 31, 2017, the Company recorded investment income, net of related amortization of $5.4 million and $5.5 million, respectively, related to the NCM tax receivable agreement. NCM Agreement On March 9, 2017, the Company reached an agreement with NCM to implement the requirements of the final judgment entered in connection with the DOJ approval of the Carmike transaction. Pursuant to the NCM agreement, the Company received 18,425,423 NCM common units in March 2017 related to annual attendance at the Carmike theatres and 361,892 NCM common units related to the 2016 common unit adjustment. Because the Carmike theatres were subject to a pre-existing agreement with a third party and will not receive advertising services from NCM, the Company will be obligated to make quarterly payments to NCM reflecting the estimated value of the advertising services at the Carmike theatres as if NCM had provided such services. The quarterly payments will continue until the earlier of (i) the date the theatres are transferred to the NCM network or (ii) expiration of the ESA with NCM. All calculations will be made pursuant to the terms of the existing ESA and Common Unit Adjustment Agreement with NCM. With regard to the existing AMC theatres on the NCM network that are required under the final judgment with the DOJ to be transferred to another advertising provider, the Company returned 2,850,453 (valued at $36.4 million) NCM common units to NCM in March 2017, calculated under the Common Unit Adjustment Agreement as if such theatres had been disposed of on March 3, 2017. The Company is not obligated to make quarterly payments with respect to the transferred theatres. In addition, the Company returned 1,807,220 additional NCM common units (valued at $22.6 million) in exchange for a waiver of exclusivity by NCM as to the required transferred theatres for the term of the final judgment, which was classified as general and administrative: Merger, acquisition and transaction costs when the common units were returned to NCM during the three months ended March 31, 2017. The Company recorded a loss of $1.2 million on the return of NCM common units as per the Common Unit Adjustment Agreement and exclusivity waiver for the difference between the average carrying value of the units and the fair value on the date of return. As a result of the agreement, the Company received 14,129,642 net additional NCM common units, valued at $176.9 million based on the market price of NCM, Inc. stock on March 16, 2017 of $12.52. Due to the structure of the transactions, the Company will no longer anticipate recognizing taxable gain upon receipt of new NCM common units. The Company also agreed to reimburse NCM up to $1.0 million for expenses related to the negotiation of this agreement. The final judgment with the DOJ also requires the Company to divest the majority of its equity interests in NCM, so that by June 20, 2019, AMC owns no more than 4.99% of NCM’s outstanding equity interests on a fully converted basis per the following schedule: (i) on or before December 20, 2017, AMC must own no more than 15% of NCM’s outstanding equity interests; (ii) on or before December 20, 2018, AMC must own no more than 7.5% of NCM’s outstanding equity interests; and (iii) on or before June 20, 2019 AMC must own no more than 4.99% of NCM’s outstanding equity interests. The Company sold 14,800,000 NCM, Inc. shares during the three months ended September 30, 2017 and has satisfied the DOJ divestiture requirements related to NCM dispositions for calendar 2017. As of March 31, 2018, the Company has 9,492,820 common units of NCM and 1,000,000 common shares of NCM, Inc. classified as held-for-sale, which must be sold by December 20, 2018 to comply with the DOJ final judgment. The Company recorded in Equity in loss of non-consolidated entities a lower of carrying value or fair value impairment charge of $16.0 million to reduce the carrying value of its held-for-sale investment in NCM to Level 1 fair value during the three months ended March 31, 2018. The impairment charge reflects recording our units and shares at the lower of carrying value or publicly quoted per share price on March 31, 2018 of $5.19. Digital Cinema Media. The Company acquired its equity investment in DCM on November 30, 2016 in connection with the acquisition of Odeon. The Company receives advertising services from DCM for its Odeon theatres in International markets through a joint venture in which it has a 50% ownership interest. During the three months ended March 31, 2018 and March 31, 2017, the Company recorded revenue of $10.2 million and $5.4 million, respectively, and a recorded receivable as of March 31, 2018 of $1.3 million for cinema advertising. DCIP Transactions. The Company pays equipment rent monthly and records the equipment rental expense on a straight-line basis over 12 years. The Company recorded the following related party transactions with DCIP: As of As of (In millions) March 31, 2018 December 31, 2017 Due from DCIP for warranty expenditures $ 3.0 $ 2.8 Deferred rent liability for digital projectors 8.0 8.1 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Digital equipment rental expense $ 1.4 $ 1.5 AC JV Transactions. The Company recorded the following related party transactions with AC JV: As of As of (In millions) March 31, 2018 December 31, 2017 Due from AC JV $ — $ — Due to AC JV for Fathom Events programming 1.4 0.5 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Film exhibition costs: Gross exhibition cost on Fathom Events programming $ 2.7 $ 3.6 Screenvision Transactions. The Company recorded the following related party transactions with Screenvision: As of As of (In millions) March 31, 2018 December 31, 2017 Due from Screenvision for on-screen advertising revenue $ 1.7 $ 3.1 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Screenvision screen advertising revenues $ 3.7 $ 3.3 Nordic JV’s. The Company recorded the following related party transactions with the Nordic theatre JV’s: As of As of (In millions) March 31, 2018 December 31, 2017 Due from Nordic JVs $ 5.6 $ 5.7 Due to Nordic JVs for management services 2.7 2.5

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2018
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 6—STOCKHOLDERS’ EQUITY Dividends The following is a summary of dividends and dividend equivalents paid to stockholders during the three months ended March 31, 2018: Amount per Total Amount Share of Declared Declaration Date Record Date Date Paid Common Stock (In millions) February 28, 2018 March 12, 2018 March 26, 2018 $ 0.20 $ 26.0 During the three months ended March 31, 2018, the Company paid dividends and dividend equivalents of $25.8 million, reversed accrual for unvested Performance Stock Units and Transition Performance Stock Units of $0.7 million, decreased additional paid-in capital for 116,268 shares surrendered to pay payroll and income taxes of $1.7 million and as of March 31, 2018 had accrued balance of $0.6 million for the remaining unpaid dividends. The aggregate dividends declared for Class A common stock and Class B common stock, were approximately $10.8 million and $15.2 million, respectively. On May 3, 2018, Holdings’ Board of Directors declared a cash dividend in the amount of $0.20 per share of Class A and Class B common stock, payable on June 25, 2018 to stockholders of record on June 11, 2018. Related Party Transactions As of March 31, 2018 and December 31, 2017, the Company recorded a receivable due from Wanda of $0.2 million and $0.6 million, respectively, for reimbursement of general administrative and other expense incurred on behalf of Wanda. During the three months ended March 31, 2018, the Company recorded $0.1 million of cost reductions for general and administrative services provided on behalf of Wanda. Wanda owns Legendary Entertainment, a motion picture production company. The Company will occasionally play Legendary’s films in its theatres as a result of transactions with independent film distributors. Temporary Equity Certain members of management have the right to require Holdings to repurchase the Class A common stock held by them under certain limited circumstances pursuant to the terms of a stockholders’ agreement. Beginning on January 1, 2016 (or upon the termination of a management stockholder’s employment by the Company without cause, by the management stockholder for good reason, or due to the management stockholder’s death or disability) management stockholders will have the right, in limited circumstances, to require Holdings to purchase shares that are not fully and freely tradeable at a price equal to the price per share paid by such management stockholder with appropriate adjustments for any subsequent events such as dividends, splits, or combinations. The shares of Class A common stock, subject to the stockholder agreement, are classified as temporary equity, apart from permanent equity, as a result of the contingent redemption feature contained in the stockholder agreement. The Company determined the amount reflected in temporary equity for the Class A common stock based on the price paid per share by the management stockholders and Wanda on August 30, 2012, the date Wanda acquired Holdings. During the three months ended March 31, 2018, a former employee who held 27,195 shares, relinquished his put right, therefore the related share amount of $0.3 million was reclassified to additional paid in capital, a component of stockholders’ equity. Stock-Based Compensation Holdings adopted a stock-based compensation plan in December of 2013. The Company recognized stock-based compensation expense of $2.8 million and $0.1 million within general and administrative: other during the three months ended March 31, 2018 and March 31, 2017, respectively. As of March 31, 2018, including the 2018 grants, there was approximately $27.0 million of total estimated unrecognized compensation cost, assuming attainment of the performance targets at 100%, related to stock-based compensation arrangements expected to be recognized during the remainder of calendar 2018, calendar 2019, and calendar 2020. The components of the Company’s recorded and unrecognized stock-based compensation expense are as follows: Amount Expected to Expected to Expected to Three Months Ended Unrecognized Recognize Recognize Recognize Grant March 31, 2018 March 31, 2018 2018 2019 2020 2018 Board of Directors $ 0.5 $ — $ — $ — $ — 2018 RSU awards 0.3 9.9 3.1 3.4 3.4 2018 PSU awards 0.6 9.6 5.4 3.0 1.2 2017 RSU awards 0.5 3.4 1.4 2.0 — 2017 RSU NEO awards 0.3 2.4 1.0 1.4 — 2017 PSU awards (1) — — — — — 2016 RSU awards 0.3 0.9 0.9 — — 2016 RSU NEO awards 0.3 0.8 0.8 — — 2016 PSU awards (1) — — — — — $ 2.8 $ 27.0 $ 12.6 $ 9.8 $ 4.6 (1) During the year ended December 31, 2017, the Company determined that achieving the three-year performance thresholds of the 2017 Performance Stock Units and the 2016 Performance Stock Units was improbable and reversed all previously recorded expense and ceased accruing any additional expense on these units. If the Company later determines that the performance thresholds become probable, then historical expense would be reinstated, and the Company would resume recognizing expense. Awards Granted in 2018 The Company’s Board of Directors approved awards of stock, restricted stock units (“RSUs”), and performance stock units (“PSUs”) to certain of the Company’s employees and directors under the Plan. The fair value of the stock at the grant dates of March 12, 2018, was $15.65 per share and was based on the closing price of Holdings’ stock. The award agreements generally had the following features: · Stock Award: On March 12, 2018, five members of Holdings’ Board of Directors were granted awards of 28,055 fully vested shares of Class A common stock in the aggregate. The Company recognized approximately $0.5 million of expense in general and administrative: other expense during the three months ended March 31, 2018, in connection with these share grants. · Restricted Stock Unit Awards: On March 12, 2018, RSU awards of 653,669 units were granted to certain members of management and executive officers. The grant date fair value was approximately $10.2 million based on a stock price of $15.65 on March 12, 2018. Each RSU represents the right to receive one share of Class A common stock at a future date. The RSUs vest over 3 years with 1/3 vesting on each of January 2, 2019, 2020, and 2021. The RSUs will be settled within 30 days of vesting. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the RSUs began to accrue with respect to the RSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the RSUs. During the three months ended March 31, 2018, the Company recognized $0.3 million expense in general and administrative: other expense in connection with these awards. Performance Stock Unit Award: On March 12, 2018, PSU awards of 653,669 were granted to certain members of management and executive officers, with three-year cumulative adjusted EBITDA, diluted earnings per share, and net profit performance target conditions and service conditions, covering a performance period beginning January 1, 2018 and ending on December 31, 2020. The PSUs will vest based on achieving 80% to 120% of the performance targets with the corresponding vested unit amount ranging from 30% to 200%. If the performance target is met at 100%, the PSU awards granted on March 12, 2018, will vest at 653,669 units in the aggregate. No PSUs will vest if Holdings does not achieve 80% of the three-year cumulative adjusted EBITDA, diluted earnings per share, and net profit performance target. Additionally, unvested PSU’s shall be ratably forfeited upon termination of service prior to December 31, 2020. If service terminates prior to January 2, 2019, all unvested PSU’s shall be forfeited, if service terminates prior to January 2, 2020, 2/3 of unvested PSU’s shall be forfeited and if service terminates prior to January 4, 2021, 1/3 of unvested PSU’s shall be forfeited. The vested PSUs will be settled within 30 days of vesting which will occur upon certification of performance results by the Compensation Committee of the Board of Directors. A dividend equivalent equal to the amount paid in respect of one share of Class A common stock underlying the PSUs began to accrue with respect to the PSUs on the date of grant. Such accrued dividend equivalents are paid to the holder upon vesting of the PSUs. During the three months ended March 31, 2018, the Company recognized $0.6 million expense in general and administrative: other expense in connection with these awards. The following table represents the nonvested RSU and PSU activity for the three months ended March 31, 2018: Weighted Average Shares of RSU Grant Date and PSU Fair Value Beginning balance at January 1, 2018 1,083,841 $ 28.61 Granted 1,307,338 15.65 Vested (195,432) 28.46 Forfeited (2,186) 28.78 Nonvested at March 31, 2018 2,193,561 $ 20.90

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
INCOME TAXES
INCOME TAXES	NOTE 7—INCOME TAXES The Company’s worldwide effective income tax rate is based on expected income, statutory rates, valuation allowances against deferred tax assets and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the worldwide annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate, adjusted for discrete items, if any. The Company refines the estimates of the year’s taxable income as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected worldwide effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate. The Company recognizes income tax-related interest expense and penalties as income tax expense and general and administrative expense, respectively. At March 31, 2018 and December 31, 2017, the Company recorded net deferred tax liabilities of $20.3 million and $20.7 million, respectively. During the fourth quarter of 2017, the Company determined that it was appropriate to record a valuation allowance against U.S. deferred tax assets. In addition, several international jurisdictions carry valuation allowances against their deferred tax assets. As a result, the effective tax rate for the period ending March 31, 2018 reflects the impact of these valuation allowances against U.S. and international deferred tax assets generated during the quarter. For the remainder of 2018, the Company anticipates income tax expense will relate solely to domestic state tax expense and international tax expense incurred in certain profitable jurisdictions. The Company evaluates its deferred tax assets each period to determine if a valuation allowance is required based on whether it is “more likely than not” that some portion of the deferred tax assets would not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of sufficient taxable income during future periods on a federal, state and foreign jurisdiction basis. The Company conducts its evaluation by considering all available positive and negative evidence. This evaluation considers, among other factors, historical operating results, forecasts of future profitability, the duration of statutory carryforward periods, and the outlooks for the U.S. motion picture and broader economy. The worldwide effective tax rate based on annual projected earnings for the year ending December 31, 2018 is projected to be (12.0)%. The actual effective rate for the three months ended March 31, 2018 was 20.9%. The Company’s consolidated tax rate for the three months ended March 31, 2018 differs from the U.S. statutory tax rate primarily due to the foreign tax rate differential driven by Odeon and Nordic earnings, valuation allowances recorded in the U.S. and Odeon jurisdictions, and discrete items. Tax contingencies and other income tax liabilities were $17.9 million and $15.3 million as of March 31, 2018 and December 31, 2017, respectively, and are included in other long-term liabilities. The increase relates primarily to state income taxes and state income tax credits. The Company also continues to be subject to examination by the IRS and the fiscal year ended March 29, 2012 (tax year 2011) is currently under extended statute. The Company’s operations in certain jurisdictions outside of the U.S. remain subject to examination for tax years 2012 to 2016, some of which are currently under audit by local tax authorities. The resolutions of these audits are not expected to be material to the Company’s consolidated financial statements. The Company believes its allowances for income tax contingencies are adequate. Based on the information currently available, the Company does not anticipate a material (or significant) increase or decrease to its tax contingencies within the next 12 months. On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (the “Tax Reform Act”). The legislation significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduced the U.S. corporate income tax rate from a maximum of 35% to a 21% rate, effective January 1, 2018. While the Tax Reform Act provides for a territorial tax system, beginning in 2018, it includes the global intangible low-taxed income (“GILTI”) provisions. The GILTI provisions require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. For 2018, the Company has determined the GILTI provisions could accelerate the utilization of its domestic net operating loss carryforwards. However, the Company’s effective tax rate is not impacted due to the valuation allowance established against domestic deferred tax assets in the fourth quarter of 2017. On December 22, 2017, the SEC staff issued Staff Accounting Bulletin No. 118 (“SAB 118”) to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Tax Reform Act. The Company recognized provisional tax impacts of zero related to the deemed repatriated earnings and the revaluation of deferred tax assets and liabilities in its consolidated financial statements for the year ended December 31, 2017. The ultimate impact may differ from those provisional amounts, possibly materially, due to, among other things, additional analysis, changes in interpretations and assumptions the Company has made, additional regulatory guidance that may be issued, and actions the Company may take as a result of the Tax Reform Act. Any adjustments made to the provisional amounts under SAB 118 should be recorded as discrete adjustments in the period identified (not to extend beyond the one-year measurement provided in SAB 118). During the three months ended March 31, 2018, the Company did not make any adjustments to its provisional amounts included in its consolidated financial statements for the year ended December 31, 2017. The accounting is expected to be completed when the 2017 U.S. corporate income tax return is filed in 2018.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2018
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 8—FAIR VALUE MEASUREMENTS Fair value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the entity transacts business. The inputs used to develop these fair value measurements are established in a hierarchy, which ranks the quality and reliability of the information used to determine the fair values. The fair value classification is based on levels of inputs. Assets and liabilities that are carried at fair value are classified and disclosed in one of the following categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. Recurring Fair Value Measurements. The following table summarizes the fair value hierarchy of the Company’s financial assets carried at fair value on a recurring basis as of March 31, 2018: Fair Value Measurements at March 31, 2018 Using Significant Total Carrying Quoted prices in Significant other unobservable Value at active market observable inputs inputs (In millions) March 31, 2018 (Level 1) (Level 2) (Level 3) Other long-term assets: Money market mutual funds $ 0.5 $ 0.5 $ — $ — Equity securities, available-for-sale: Investments measured at net asset value (1) 10.1 — — — Total assets at fair value $ 10.6 $ 0.5 $ — $ — (1) The investments relate to a non-qualified deferred compensation arrangement on behalf of certain management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation. Valuation Techniques. The Company’s money market mutual funds are invested in funds that seek to preserve principal, are highly liquid, and therefore are recorded on the balance sheet at the principal amounts deposited, which equals fair value. The equity securities, available-for-sale, primarily consist of common stock and mutual funds invested in equity, fixed income, and international funds and are measured at fair value using quoted market prices. See Note 10 — Accumulated Other Comprehensive Income for the unrealized gain on the equity securities recorded in accumulated other comprehensive income. Nonrecurring Fair Value Measurements. Equity interests in NCM, Inc. and NCM classified as held-for-sale were written down to their fair value during the three months ended March 31, 2018. The Company has not recorded an additional impairment for remaining NCM units as they are not classified as held for sale and the decline in fair value as of March 31, 2018 is considered to be temporary given the short period of duration of the decline (one month). The Company has observed closing prices of NCM, Inc. during March 2018 higher than $6.68 per share, which is the Company’s carrying value as of March 31, 2018. Other Fair Value Measurement Disclosures. The Company is required to disclose the fair value of financial instruments that are not recognized at fair value in the statement of financial position for which it is practicable to estimate that value: Fair Value Measurements at March 31, 2018 Using Significant other Significant Total Carrying Quoted prices in observable unobservable Value at active market inputs inputs (In millions) March 31, 2018 (Level 1) (Level 2) (Level 3) Current maturities of corporate borrowings $ 15.2 $ — $ 14.2 $ 1.4 Corporate borrowings 4,244.1 — 4,325.7 1.4 Valuation Technique. Quoted market prices and observable market based inputs were used to estimate fair value for Level 2 inputs. The Level 3 fair value measurement represents the transaction price of the corporate borrowings under market conditions. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate fair value because of the short maturity of these instruments.

THEATRE AND OTHER CLOSURE AND D

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS	3 Months Ended
	Mar. 31, 2018
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS	NOTE 9—THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS A rollforward of reserves for theatre and other closure and disposition of assets is as follows: Three Months Ended (In millions) March 31, 2018 March 31, 2017 Beginning balance $ 27.5 $ 34.6 Theatre and other closure expense 1.5 0.9 Transfer of assets and liabilities 0.9 0.8 Foreign currency translation adjustment 0.2 0.2 Cash payments (3.1) (3.0) Ending balance $ 27.0 $ 33.5 In the accompanying Consolidated Balance Sheets, as of March 31, 2018, the current portion of the ending balance totaling $8.8 million is included with accrued expenses and other liabilities and the long-term portion of the ending balance totaling $18.2 million is included with other long-term liabilities. Theatre and other closure reserves for leases that have not been terminated were recorded at the present value of the future contractual commitments for the base rents, taxes and maintenance. During the three months ended March 31, 2018 and March 31, 2017, the Company recognized theatre and other closure (income) expense of $1.5 million and $0.9 million, respectively. Theatre and other closure expense included the accretion on previously closed properties with remaining lease obligations.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 10—ACCUMULATED OTHER COMPREHENSIVE INCOME The following tables present the change in accumulated other comprehensive income (loss) by component: Unrealized Net Unrealized Net Pension and Gain from Gain from Equity Foreign Other Marketable Method Investees’ (In millions) Currency Benefits Securities Cash Flow Hedge Total Balance, December 31, 2017 $ 129.9 $ (6.6) $ 0.6 $ 1.7 $ 125.6 Other comprehensive income (loss) before reclassifications 11.7 — — 0.2 11.9 Amounts reclassified from accumulated other comprehensive income — (1.2) — (0.2) (1.4) Other comprehensive income (loss) 11.7 (1.2) — — 10.5 Adoption of ASU 2016-01 - reclassification to retained earnings — — (0.6) — (0.6) Adoption of ASU 2018-02 - reclassification to retained earnings 4.0 0.6 — 0.4 5.0 Balance, March 31, 2018 $ 145.6 $ (7.2) $ — $ 2.1 $ 140.5 Unrealized Net Unrealized Net Pension and Gain from Gain from Equity Foreign Other Marketable Method Investees’ (In millions) Currency Benefits Securities Cash Flow Hedge Total Balance, December 31, 2016 $ (1.8) $ (3.6) $ 0.3 $ 2.6 $ (2.5) Other comprehensive income (loss) before reclassifications (2.2) — 0.2 — (2.0) Amounts reclassified from accumulated other comprehensive income — 0.1 — — 0.1 Other comprehensive income (loss) (2.2) 0.1 0.2 — (1.9) Balance, March 31, 2017 $ (4.0) $ (3.5) $ 0.5 $ 2.6 $ (4.4) The tax effects allocated to each component of other comprehensive income (loss) during the three months ended March 31, 2018 and March 31, 2017 are as follows: Three Months Ended March 31, 2018 March 31, 2017 Tax Tax Pre-Tax (Expense) Net-of-Tax Pre-Tax (Expense) Net-of-Tax (In millions) Amount Benefit Amount Amount Benefit Amount Unrealized foreign currency translation adjustment (1) $ 7.3 $ 4.4 $ 11.7 $ (2.6) $ 0.4 $ (2.2) Pension and other benefit adjustments: Net loss arising during the period (1.8) 0.6 (1.2) — — — Prior service credit arising during the period — — — 0.1 — 0.1 Marketable securities: Unrealized net holding gain (loss) arising during the period — — — 0.3 (0.1) 0.2 Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period (0.2) 0.4 0.2 — — — Realized net loss reclassified into equity in earnings of non-consolidated entities (0.2) — (0.2) — — — Other comprehensive income (loss) $ 5.1 $ 5.4 $ 10.5 $ (2.2) $ 0.3 $ (1.9) (1) Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested.

OPERATING SEGMENTS

OPERATING SEGMENTS	3 Months Ended
	Mar. 31, 2018
OPERATING SEGMENTS
OPERATING SEGMENTS	NOTE 11—OPERATING SEGMENTS The Company reports information about operating segments in accordance with ASC 280-10, Segment Reporting, which requires financial information to be reported based on the way management organizes segments within a company for making operating decisions and evaluating performance. Beginning with the Company’s acquisition of Odeon in 2016, the Company has identified two reportable segments for its theatrical exhibition operations, U.S. markets and International markets. The International markets reportable segments consist of two operating segments (Odeon Theatres and Nordic Theatres) with operations in or partial interest in theatres in the United Kingdom, Germany, Spain, Italy, Ireland, Austria, Portugal, Sweden, Finland, Estonia, Latvia, Lithuania, Norway and Denmark. Each segment’s revenue is derived from admissions, food and beverage sales and other ancillary revenues, primarily screen advertising, AMC Stubs ® membership fees, ticket sales, gift card income and exchange ticket income. The two international operating segments are combined into one reportable segment (International markets) because they have similar economic characteristics and meet the aggregation criteria described in the accounting guidance for segment reporting. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments. Below is a breakdown of select financial information by reportable operating segment: Three Months Ended Revenues (In millions) March 31, 2018 March 31, 2017 U.S. markets $ 982.1 $ 992.1 International markets 401.5 289.3 Total revenues $ 1,383.6 $ 1,281.4 Three Months Ended Adjusted EBITDA (1) (In millions) March 31, 2018 March 31, 2017 U.S. markets (2) $ 208.4 $ 198.0 International markets 69.5 53.1 Total Adjusted EBITDA $ 277.9 $ 251.1 (1) The Company presents Adjusted EBITDA as a supplemental measure of its performance. The Company defines Adjusted EBITDA as net earnings (loss) plus (i) income tax provision (benefit), (ii) interest expense and (iii) depreciation and amortization, as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include attributable EBITDA from equity investments in theatre operations in international markets and any cash distributions of earnings from its other equity method investees. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, which is consistent with how Adjusted EBITDA is defined in our debt indentures. (2) Distributions from NCM are reported entirely within the U.S. markets segment. Three Months Ended Capital Expenditures (In millions) March 31, 2018 March 31, 2017 U.S. markets $ 71.0 $ 150.3 International markets 36.3 11.0 Total capital expenditures $ 107.3 $ 161.3 Financial Information About Geographic Area: Three Months Ended Revenues (In millions) March 31, 2018 March 31, 2017 United States $ 982.1 $ 992.1 United Kingdom 130.5 131.6 Italy 60.9 59.0 Spain 49.6 46.0 Sweden 60.6 2.5 Germany 32.8 32.4 Finland 28.0 — Ireland 10.5 10.4 Other foreign countries 28.6 7.4 Total $ 1,383.6 $ 1,281.4 As of As of Long-term assets, net (In millions) March 31, 2018 December 31, 2017 United States $ 5,852.1 $ 5,866.8 International 3,095.5 3,066.7 Total long-term assets (1) $ 8,947.6 $ 8,933.5 (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets. The following table sets forth a reconciliation of net earnings (loss) to Adjusted EBITDA: Three Months Ended (In millions) March 31, 2018 March 31, 2017 Net earnings $ 17.7 $ 8.4 Plus: Income tax provision (benefit) 4.7 (9.2) Interest expense 82.5 62.0 Depreciation and amortization 130.5 125.3 Certain operating expenses (1) 3.7 5.4 Equity in loss of non-consolidated entities (2) 9.0 2.3 Cash distributions from non-consolidated entities (3) 24.3 24.4 Attributable EBITDA (4) 2.0 — Investment income (5.2) (5.6) Other expense (income) (5) 1.2 (2.2) General and administrative — unallocated: Merger, acquisition and transaction costs (6) 4.7 40.2 Stock-based compensation expense (7) 2.8 0.1 Adjusted EBITDA $ 277.9 $ 251.1 (1) Amounts represent preopening expense related to temporarily closed screens under renovation, theatre and other closure expense for the permanent closure of screens including the related accretion of interest, non-cash deferred digital equipment rent expense, and disposition of assets and other non-operating gains or losses included in operating expenses. The Company has excluded these items as they are non-cash in nature, include components of interest cost for the time value of money or are non-operating in nature. (2) Equity in loss of non-consolidated entities includes a lower of carrying value or fair value impairment loss on the held-for-sale portion of NCM of $16.0 million for the three months ended March 31, 2018. The impairment charge reflects recording the Company’s held-for-sale units and shares at the publicly quoted per share price on March 31, 2018 of $5.19. Equity in loss of non-consolidated entities also includes a loss on the surrender (disposition) of a portion of the Company’s investment in NCM of $1.1 million during the three months ended March 31, 2018. (3) Includes U.S. non-theatre distributions from equity method investments and International non-theatre distributions from equity method investments to the extent received. The Company believes including cash distributions is an appropriate reflection of the contribution of these investments to its operations. (4) Attributable EBITDA includes the EBITDA from equity investments in theatre operators in certain international markets. See below for a reconciliation of the Company’s equity loss of non-consolidated entities to attributable EBITDA. Because these equity investments are in theatre operators in regions where the Company holds a significant market share, the Company believes attributable EBITDA is more indicative of the performance of these equity investments and management uses this measure to monitor and evaluate these equity investments. The Company also provides services to these theatre operators including information technology systems, certain on-screen advertising services and our gift card and package ticket program. As these investments relate only to our Nordic acquisition, the second quarter of 2017 represents the first time the Company made this adjustment and does not impact prior historical presentations of Adjusted EBITDA. Three Months Ended (In millions) March 31, 2018 March 31, 2017 Equity in loss of non-consolidated entities $ 9.0 $ — Less: Equity in loss of non-consolidated entities excluding international theatre JV's 10.3 — Equity in earnings of International theatre JV's 1.3 — Depreciation and amortization 0.7 — Attributable EBITDA $ 2.0 $ — (5) Other income for the three months ended March 31, 2018 includes $1.6 million financing related foreign currency transaction losses, partially offset by $0.4 million forward foreign currency contract gains. (6) Merger, acquisition and transition costs are excluded as they are non-operating in nature. (7) Non-cash or non-recurring expense included in general and administrative: other.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	NOTE 12—EMPLOYEE BENEFIT PLANS The Company sponsors frozen non-contributory qualified and non-qualified defined benefit pension plans generally covering all employees who, prior to the freeze, were age 21 or older and had completed at least 1,000 hours of service in their first twelve months of employment, or in a calendar year ending thereafter, and who were not covered by a collective bargaining agreement. The Company also offered eligible retirees the opportunity to participate in a health plan. Certain employees were eligible for subsidized postretirement medical benefits. The eligibility for these benefits was based upon a participant’s age and service as of January 1, 2009. The Company also sponsors a postretirement deferred compensation plan. Net periodic benefit cost (credit) recognized for the plans in o ther expense (income) during the three months ended March 31, 2018 and March 31, 2017 consists of the following: U.S. Pension Benefits International Pension Benefits Three Months Ended Three Months Ended (In millions) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Components of net periodic benefit cost: Interest cost 1.0 1.1 0.7 0.6 Expected return on plan assets (0.8) (0.8) (0.9) (0.8) Net periodic benefit cost (credit) $ 0.2 $ 0.3 $ (0.2) $ (0.2) Net periodic service cost (credit) recognized for the plans in general and administrative: o ther: during the three months ended March 31, 2018 and March 31, 2017 consists of the following: U.S. Pension Benefits International Pension Benefits Three Months Ended Three Months Ended (In millions) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Net periodic service cost $ — $ — $ 0.2 $ —

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 13—COMMITMENTS AND CONTINGENCIES The Company, in the normal course of business, is a party to various ordinary course claims from vendors (including food and beverage suppliers and film distributors), landlords, competitors, and other legal proceedings. If management believes that a loss arising from these actions is probable and can reasonably be estimated, the Company records the amount of the loss, or the minimum estimated liability when the loss is estimated using a range and no point is more probable than another. As additional information becomes available, any potential liability related to these actions is assessed and the estimates are revised, if necessary. Management believes that the ultimate outcome of such matters, individually and in the aggregate, will not have a material adverse effect on the Company’s consolidated financial position or overall trends in results of operations. However, litigation and claims are subject to inherent uncertainties and unfavorable outcomes can occur. An unfavorable outcome might include monetary damages. If an unfavorable outcome were to occur, there exists the possibility of a material adverse impact on the results of operations in the period in which the outcome occurs or in future periods. Two putative federal securities class actions are pending against the Company in the U.S. District Court for the Southern District of New York. The first action, captioned Hawaii Structural Ironworkers Pension Trust Fund v. AMC Entertainment Holdings, Inc., et al., Case No. 1:18-cv-00299-AJN, was filed on January 12, 2018 and asserts claims under Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against the Company, certain of its officers and directors, and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., and Credit Suisse Securities (USA) LLC, the underwriters for the Company’s February 8, 2017 secondary public offering. The Hawaii action alleges, among other things, that the registration statement and prospectus for the secondary public offering and certain other public disclosures contained material misstatements and omissions. The second action, Nichols v. AMC Entertainment Holdings, Inc., et al., Case No. 1:18-cv-00510-AJN, was filed on January 19, 2018 and asserts claims under Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 against the Company and certain of its officers and directors. The Nichols action similarly alleges, among other things, that the registration statement and prospectus for the secondary public offering and certain other public disclosures contained material misstatements and omissions. The Company intends to vigorously defend all claims asserted. Given the early stage of the actions, a loss is not probable or reasonably estimable at this time. On May 28, 2015, the Company received a Civil Investigative Demand (“CID”) from the Antitrust Division of the United States Department of Justice in connection with an investigation under Sections 1 and 2 of the Sherman Antitrust Act. Beginning in May 2015, the Company also received CIDs from the Attorneys General for the States of Ohio, Texas, Washington, Florida, New York, Kansas, and from the District of Columbia, regarding similar inquiries under those states’ antitrust laws. The CIDs request the production of documents and answers to interrogatories concerning potentially anticompetitive conduct, including film clearances and participation in certain joint ventures. The Company may receive additional CIDs from antitrust authorities in other jurisdictions in which it operates. The Company does not believe it has violated federal or state antitrust laws and is cooperating with the relevant governmental authorities. However, the Company cannot predict the ultimate scope, duration or outcome of these investigations.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2018
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 14—EARNINGS PER SHARE Basic earnings (loss) per share is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding. Diluted earnings per share includes the effects of unvested RSU’s with a service condition only and unvested contingently issuable RSUs and PSUs that have service and performance conditions, if dilutive. The following table sets forth the computation of basic and diluted earnings (loss) per common share: Three Months Ended (In millions) March 31, 2018 March 31, 2017 Numerator: Net earnings from continuing operations $ 17.7 $ 8.4 Denominator (shares in thousands): Weighted average shares for basic earnings per common share 128,046 121,358 Common equivalent shares for RSUs and PSUs — 43 Shares for diluted earnings per common share 128,046 121,401 Basic earnings per common share $ 0.14 $ 0.07 Diluted earnings per common share $ 0.14 $ 0.07 Vested RSUs and PSU’s have dividend rights identical to the Company’s Class A and Class B common stock and are treated as outstanding shares for purposes of computing basic and diluted earnings per share. Certain unvested RSUs and unvested PSUs are subject to performance conditions and are included in diluted earnings per share, if dilutive, based on the number of shares, if any, that would be issuable under the terms of the Company’s 2013 Equity Incentive Plan if the end of the reporting period were the end of the contingency period. During the three months ended March 31, 2018, unvested PSU’s of 371,631 at the minimum performance target were not included in the computation of diluted loss per share since the shares would not be issuable under the terms of the Plan, if the end of the reporting period were the end of the contingency period and they would also be anti-dilutive. During the three months ended March 31, 2018, unvested RSU’s of 911,719 were not included in the computation of diluted loss per share because they would be anti-dilutive.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2018
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	NOTE 15—CONDENSED CONSOLIDATING FINANCIAL INFORMATION The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial statements of guarantors and issuers of guaranteed securities registered or being registered. Each of the subsidiary guarantors are 100% owned by Holdings. The subsidiary guarantees of the Company’s Notes due 2022, the Sterling Notes due 2024, the Notes due 2025, the Notes due 2026, and the Notes due 2027 are full and unconditional and joint and several and subject to customary release provisions. The Company and its subsidiary guarantors’ investments in its consolidated subsidiaries are presented under the equity method of accounting. Consolidating Statement of Operations Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Revenues Admissions $ — $ 497.1 $ 377.9 $ — $ 875.0 Food and beverage — 245.7 160.1 — 405.8 Other theatre — 61.0 41.8 — 102.8 Total revenues — 803.8 579.8 — 1,383.6 Operating costs and expenses Film exhibition costs — 260.7 165.8 — 426.5 Food and beverage costs — 36.4 29.8 — 66.2 Operating expense, excluding depreciation and amortization — 225.4 186.5 — 411.9 Rent — 107.5 82.2 — 189.7 General and administrative: Merger, acquisition and transaction costs — 4.0 0.7 — 4.7 Other, excluding depreciation and amortization — 26.3 17.9 — 44.2 Depreciation and amortization — 69.8 60.7 — 130.5 Operating costs and expenses — 730.1 543.6 — 1,273.7 Operating income — 73.7 36.2 — 109.9 Other expense (income): Equity in net (earnings) loss of subsidiaries (21.3) (23.3) — 44.6 — Other expense (income) — (0.2) 1.4 — 1.2 Interest expense: Corporate borrowings 60.7 62.7 1.0 (62.7) 61.7 Capital and financing lease obligations — 1.8 8.5 — 10.3 Non-cash NCM exhibitor service agreement — 10.5 — — 10.5 Equity in (earnings) loss of non-consolidated entities — 10.1 (1.1) — 9.0 Investment income (57.1) (10.3) (0.5) 62.7 (5.2) Total other expense (income) (17.7) 51.3 9.3 44.6 87.5 Earnings before income taxes 17.7 22.4 26.9 (44.6) 22.4 Income tax provision — 1.1 3.6 — 4.7 Net earnings $ 17.7 $ 21.3 $ 23.3 $ (44.6) $ 17.7 Consolidating Statement of Operations Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Revenues Admissions $ — $ 501.9 $ 315.6 $ — $ 817.5 Food and beverage — 249.9 147.7 — 397.6 Other theatre — 42.1 24.2 — 66.3 Total revenues — 793.9 487.5 — 1,281.4 Operating costs and expenses Film exhibition costs — 273.9 145.7 — 419.6 Food and beverage costs — 33.6 26.2 — 59.8 Operating expense, excluding depreciation and amortization — 220.1 136.3 — 356.4 Rent — 123.3 67.1 — 190.4 General and administrative: Merger, acquisition and transaction costs — 40.3 (0.1) — 40.2 Other, excluding depreciation and amortization 0.7 22.0 11.7 — 34.4 Depreciation and amortization — 72.7 52.6 — 125.3 Operating costs and expenses 0.7 785.9 439.5 — 1,226.1 Operating income (loss) (0.7) 8.0 48.0 — 55.3 Other expense (income): Equity in net (earnings) loss of subsidiaries (11.4) (37.5) — 48.9 — Other expense (income) — (2.6) — — (2.6) Interest expense: Corporate borrowings 50.6 48.3 0.6 (48.3) 51.2 Capital and financing lease obligations — 2.0 8.8 — 10.8 Equity in earnings of non-consolidated entities — 2.0 0.3 — 2.3 Investment income (48.3) (5.3) (0.3) 48.3 (5.6) Total other expense (income) (9.1) 6.9 9.4 48.9 56.1 Earnings before income taxes 8.4 1.1 38.6 (48.9) (0.8) Income tax provision (benefit) — (10.3) 1.1 — (9.2) Net earnings $ 8.4 $ 11.4 $ 37.5 $ (48.9) $ 8.4 Consolidating Statement of Comprehensive Loss Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings $ 17.7 $ 21.3 $ 23.3 $ (44.6) $ 17.7 Other comprehensive income (loss) Equity in other comprehensive income (loss) of subsidiaries 10.5 15.7 — (26.2) — Unrealized foreign currency translation adjustment, net of tax — (5.2) 16.9 — 11.7 Pension and other benefit adjustments: Net loss arising during the period, net of tax — — (1.2) — (1.2) Equity method investees’ cash flow hedge: Unrealized net holding gain arising during the period, net of tax — 0.2 — — 0.2 Realized net holding gain reclassified to equity in earnings of non-consolidated entities, net of tax — (0.2) — — (0.2) Other comprehensive income 10.5 10.5 15.7 (26.2) 10.5 Total comprehensive income $ 28.2 $ 31.8 $ 39.0 $ (70.8) $ 28.2 Consolidating Statement of Comprehensive Income Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 8.4 $ 11.4 $ 37.5 $ (48.9) $ 8.4 Other comprehensive income (loss) Equity in other comprehensive income (loss) of subsidiaries (1.9) (2.2) — 4.1 — Unrealized foreign currency translation adjustment, net of tax — — (2.2) — (2.2) Pension and other benefit adjustments: Amortization of net loss reclassified into general and administrative: others, net of tax — 0.1 — — 0.1 Marketable securities: Unrealized holding gain arising during the period, net of tax — 0.2 — — 0.2 Other comprehensive income (1.9) (1.9) (2.2) 4.1 (1.9) Total comprehensive income (loss) $ 6.5 $ 9.5 $ 35.3 $ (44.8) $ 6.5 Consolidating Balance Sheet As of March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Assets Current assets: Cash and cash equivalents $ 1.1 $ 62.7 $ 237.1 $ — $ 300.9 Restricted cash — — 11.6 — 11.6 Receivables, net (0.4) 98.7 68.8 — 167.1 Assets held for sale — 54.4 — — 54.4 Other current assets — 121.4 82.7 — 204.1 Total current assets 0.7 337.2 400.2 — 738.1 Investment in equity of subsidiaries 859.6 1,554.1 — (2,413.7) — Property, net — 1,574.8 1,516.5 — 3,091.3 Intangible assets, net — 216.6 161.4 — 378.0 Intercompany advances 5,535.2 (3,461.9) (2,073.3) — — Goodwill (2.1) 2,422.1 2,524.2 — 4,944.2 Deferred tax asset, net — — 96.9 (68.7) 28.2 Other long-term assets 5.3 345.8 154.8 — 505.9 Total assets $ 6,398.7 $ 2,988.7 $ 2,780.7 $ (2,482.4) $ 9,685.7 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ — $ 304.3 $ 149.9 $ — $ 454.2 Accrued expenses and other liabilities 56.9 148.9 142.7 — 348.5 Deferred revenues and income — 236.3 96.6 — 332.9 Current maturities of corporate borrowings and capital and financing lease obligations 13.8 11.6 61.2 — 86.6 Total current liabilities 70.7 701.1 450.4 — 1,222.2 Corporate borrowings 4,242.7 1.4 — — 4,244.1 Capital and financing lease obligations — 71.1 502.0 — 573.1 Exhibitor services agreement — 575.0 — — 575.0 Deferred tax liability, net — 85.3 31.9 (68.7) 48.5 Other long-term liabilities — 695.2 242.3 — 937.5 Total liabilities 4,313.4 2,129.1 1,226.6 (68.7) 7,600.4 Temporary equity 0.5 — — — 0.5 Stockholders’ equity 2,084.8 859.6 1,554.1 (2,413.7) 2,084.8 Total liabilities and stockholders’ equity $ 6,398.7 $ 2,988.7 $ 2,780.7 $ (2,482.4) $ 9,685.7 Consolidating Balance Sheet As of December 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Assets Current assets: Cash and cash equivalents $ 1.1 $ 85.0 $ 223.9 $ — $ Restricted cash — — 8.3 — Receivables, net 0.4 186.4 84.7 — Assets held for sale — 80.0 — — 80.0 Other current assets — 118.0 84.6 — Total current assets 1.5 469.4 401.5 — 872.4 Investment in equity of subsidiaries 2,450.6 1,513.4 — (3,964.0) — Property, net — 1,591.1 1,525.4 — 3,116.5 Intangible assets, net — 218.9 161.6 — 380.5 Intercompany advances 3,914.1 (1,893.3) (2,020.8) — — Goodwill (2.1) 2,422.1 2,511.7 — 4,931.7 Deferred tax asset, net — — 97.6 (68.7) 28.9 Other long-term assets 5.8 326.5 143.6 — 475.9 Total assets $ 6,369.9 $ 4,648.1 $ 2,820.6 $ (4,032.7) $ 9,805.9 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ — $ 373.7 $ 195.9 $ — $ 569.6 Accrued expenses and other liabilities 24.2 165.3 161.6 — 351.1 Deferred revenues and income — 270.8 130.2 — 401.0 Current maturities of corporate borrowings and capital and financing lease obligations 13.8 11.8 62.1 — 87.7 Total current liabilities 38.0 821.6 549.8 — 1,409.4 Corporate borrowings 4,218.7 1.4 — — 4,220.1 Capital and financing lease obligations — 73.5 505.4 — 578.9 Exhibitor services agreement — 530.9 — — 530.9 Deferred tax liability, net — 85.3 33.0 (68.7) 49.6 Other long-term liabilities — 684.8 219.0 — 903.8 Total liabilities 4,256.7 2,197.5 1,307.2 (68.7) 7,692.7 Temporary equity 0.8 — — — 0.8 Stockholders’ equity 2,112.4 2,450.6 1,513.4 (3,964.0) 2,112.4 Total liabilities and stockholders’ equity $ 6,369.9 $ 4,648.1 $ 2,820.6 $ (4,032.7) $ 9,805.9 Consolidating Statement of Cash Flows Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Cash flows from operating activities: Net cash provided by operating activities $ 46.8 $ 81.1 $ 37.5 $ — $ 165.4 Cash flows from investing activities: Capital expenditures — (58.5) (48.8) — (107.3) Proceeds from disposition of long-term assets — 0.2 3.6 — 3.8 Investments in non-consolidated entities, net — (10.7) — — (10.7) Other, net — (0.9) 0.3 — (0.6) Net cash used in investing activities — (69.9) (44.9) — (114.8) Cash flows from financing activities: Principal payments under Term Loan (3.5) — — — (3.5) Principal payments under capital and financing lease obligations — (2.5) (15.4) — (17.9) Cash used to pay dividends (25.8) — — — (25.8) Taxes paid for restricted unit withholdings (1.7) — — — (1.7) Purchase of treasury stock (13.5) — — — (13.5) Change in intercompany advances (27.5) (5.5) 33.0 — — Net cash provided by (used in) financing activities (72.0) (8.0) 17.6 — (62.4) Effect of exchange rate changes on cash and cash equivalents and restricted cash 25.2 (25.5) 6.3 — 6.0 Net decrease in cash and cash equivalents and restricted cash — (22.3) 16.5 — (5.8) Cash and cash equivalents and restricted cash at beginning of period 1.1 85.0 232.2 — 318.3 Cash and cash equivalents and restricted cash at end of period $ 1.1 $ 62.7 $ 248.7 $ — $ 312.5 Consolidating Statement of Cash Flows Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Cash flows from operating activities: Net cash provided by operating activities $ 29.8 $ 43.1 $ 99.6 $ — $ 172.5 Cash flows from investing activities: Capital expenditures — (121.9) (39.4) — (161.3) Acquisition of Nordic, net of cash acquired — (654.9) 70.5 — (584.4) Acquisition of Carmike, net of cash acquired — — 0.1 — 0.1 Proceeds from disposition of long-term assets — 0.5 3.5 — 4.0 Investments in non-consolidated entities, net — (0.3) — — (0.3) Other, net — (1.6) — — (1.6) Net cash used in (provided by) investing activities — (778.2) 34.7 — (743.5) Cash flows from financing activities: Proceeds from the issuance of Senior Subordinated Sterling Notes due 2024 327.8 — — — 327.8 Proceeds from the issuance of Senior Subordinated Notes due 2027 475.0 — — — 475.0 Payment of Nordic SEK Term Loan (144.4) — — — (144.4) Payment of Nordic EUR Term Loan (169.5) — — — (169.5) Net proceeds from equity offering 617.5 — — — 617.5 Principal payment of Bridge Loan due 2017 (350.0) — — — (350.0) Principal payments under Term Loan (2.2) — — — (2.2) Principal payments under capital and financing lease obligations — (2.3) (17.4) — (19.7) Cash used to pay deferred financing costs (27.5) — — — (27.5) Cash used to pay dividends (26.2) — — — (26.2) Taxes paid for restricted unit withholdings (6.5) — — — (6.5) Change in intercompany advances (716.7) 738.6 (21.9) — — Net cash provided by (used) in financing activities (22.7) 736.3 (39.3) — 674.3 Effect of exchange rate changes on cash and cash equivalents and restricted cash 9.1 (6.9) 0.7 — 2.9 Net decrease in cash and cash equivalents and restricted cash 16.2 (5.7) 95.7 — 106.2 Cash and cash equivalents and restricted cash at beginning of period 3.0 94.7 132.5 — 230.2 Cash and cash equivalents and restricted cash at end of period $ 19.2 $ 89.0 $ 228.2 $ — $ 336.4

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2018
BASIS OF PRESENTATION
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions are used for, but not limited to: (1) Impairments, (2) Income and operating taxes, (3) Fair value of acquired assets and liabilities, and (4) Gift card and exchange ticket income. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation: The accompanying unaudited consolidated financial statements include the accounts of Holdings and all subsidiaries, as discussed above, and should be read in conjunction with the Company’s Annual Report on Form 10–K for the year ended December 31, 2017. The accompanying consolidated balance sheet as of December 31, 2017, which was derived from audited financial statements, and the unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the instructions to Form 10–Q. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America for complete consolidated financial statements. In the opinion of management, these interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the Company’s financial position and results of operations. All significant intercompany balances and transactions have been eliminated in consolidation. There are no noncontrolling (minority) interests in the Company’s consolidated subsidiaries; consequently, all of its stockholders’ equity, net earnings and total comprehensive income for the periods presented are attributable to controlling interests. Due to the seasonal nature of the Company’s business, results for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018. The Company manages its business under two reportable segments for its theatrical exhibition operations, U.S. markets and International markets.
Accumulated depreciation and amortization	Accumulated depreciation and amortization: Accumulated depreciation was $1,385.3 million and $1,266.9 million, at March 31, 2018 and December 31, 2017, respectively, related to property. Accumulated amortization of intangible assets was $64.3 million and $55.5 million, at March 31, 2018 and December 31, 2017, respectively.
Presentation	Presentation: Certain reclassifications have been made to the prior period financial statements to conform to the current year presentation.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2018
BASIS OF PRESENTATION
Schedule of reconciliation of cash, cash equivalents, and restricted cash	(In millions) March 31, 2018 December 31, 2017 Cash and cash equivalents $ 300.9 $ 310.0 Restricted cash 11.6 8.3 Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows $ 312.5 $ 318.3

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2018
REVENUE RECOGNITION
Summary of cumulative effect of the changes made for the adoption of the new revenue standard	The cumulative effect of the changes made to the consolidated balance sheet at January 1, 2018 for the adoption of ASC 606, are included in the following table: (In millions) Balance at Adjustments Due to ASC 606 Balance at Assets: Other long-term assets $ 475.9 $ 11.1 $ 487.0 Current liabilities: Deferred revenues and income 401.0 (10.0) 391.0 Long-term liabilities: Exhibitor services agreement 530.9 52.9 583.8 Stockholders' equity: Accumulated deficit (207.9) (31.8) (239.7) The disclosure of the impact of the adoption of ASC 606 on the Company’s consolidated statement of operations is as follows: Three Months Ended March 31, 2018 (In millions) Without Adoption of ASC 606 Adjustments As Reported Revenues: Admissions $ 875.4 $ (0.4) $ 875.0 Food and beverage 405.9 (0.1) 405.8 Other theatre 90.6 12.2 102.8 Total revenues 1,371.9 11.7 1,383.6 Operating costs and expenses: Operating expense, excluding depreciation and amortization 403.5 8.4 411.9 Non-cash interest expense related to NCM exhibitor service agreement — 10.5 10.5 Net earnings 24.9 (7.2) 17.7
Schedule of disaggregated revenue	Three Months Ended (In millions) March 31, 2018 Major revenue types Admissions $ 875.0 Food and beverage 405.8 Other theatre: Advertising 37.6 Other theatre 65.2 Other theatre 102.8 Total revenues $ 1,383.6 Three Months Ended (In millions) March 31, 2018 Timing of revenue recognition Products and services transferred at a point in time $ 1,333.2 Products and services transferred over time (1) 50.4 Total revenues $ 1,383.6 (1) Amounts primarily include advertising revenues.
Schedule of contract balances	(In millions) March 31, 2018 December 31, 2017 Current assets: Receivables related to contracts with customers $ 88.8 $ 204.3 Miscellaneous receivables 78.3 67.2 Receivables, net $ 167.1 $ 271.5 (In millions) March 31, 2018 December 31, 2017 Current liabilities: Deferred revenue related to contracts with customers $ 317.4 $ 365.6 Miscellaneous deferred income 15.5 35.4 Deferred revenue and income $ 332.9 $ 401.0
Schedule of changes in customer contracts	Deferred Revenues Related to Contracts (In millions) with Customers Balance as of December 31, 2017 $ 365.6 Cumulative effect of initially applying ASC 606 (10.0) Cash received in advance (1) 95.6 Customer loyalty rewards accumulated, net of expirations: Admission revenues (2) 7.4 Food and beverage (2) 9.7 Reclassification to revenue as the result of performance obligations satisfied: Admission revenues (3) (103.3) Food and beverage (3) (20.7) Other theatre (4) (25.0) Business combination - Nordic purchase price allocation (5) (2.3) Foreign currency translation adjustment 0.4 Balance as of March 31, 2018 $ 317.4 (1) Includes movie tickets, food and beverage, gift cards, exchange tickets, and AMC Stubs ® loyalty membership fees. (2) Amount of rewards accumulated, net of expirations, that are attributed to AMC Stubs ® loyalty program. (3) Amount of rewards redeemed that are attributed to gift cards, exchange tickets, and AMC Stubs ® loyalty program. (4) Amounts relate to income from non-redeemed or partially redeemed gift cards, non-redeemed exchange tickets, and AMC Stubs ® loyalty membership fees. (5) See Note 3 – Acquisitions for further information.
Schedule of components of liabilities included in the exhibitor services agreement	Exhibitor Services (In millions) Agreement Balance as of December 31, 2017 $ 530.9 Cumulative effect of initially applying ASC 606 52.9 Common Unit Adjustment – surrender of common units (1) (5.2) Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied (3.6) Balance as of March 31, 2018 $ 575.0 (1) Represents the fair value amount of the NCM common units that were surrendered due to the annual Common Unit Adjustment. Such amount will reduce the deferred revenues that are being amortized to other theatre revenues over the remainder of the 30-year term of the ESA ending in February 2037. See Note 5—Investments for further information. Transaction Price Allocated to the Remaining Performance Obligations: The following table includes the amount of NCM ESA, included in deferred revenues and income in the Company’s consolidated balance sheets, that is expected to be recognized as revenues in the future related to performance obligations that are unsatisfied as of March 31, 2018: (In millions) Nine Months Ended December 31, 2018 Year Ended Year Ended Year Ended Year Ended Years Ended Exhibitor services agreement $ 11.0 $ 15.7 $ 16.8 $ 18.1 $ 19.4 $ 494.0

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2018
ACQUISITIONS
Summary of Allocation of the Purchase Price	(In millions) March 28, 2017 Changes March 31, 2018 Cash $ 70.5 $ 0.9 $ 71.4 Restricted cash — 5.9 5.9 Receivables 25.0 (11.6) 13.4 Other current assets 14.0 9.6 23.6 Property (1) 89.8 43.4 133.2 Intangible assets (1) (2) — 22.1 22.1 Goodwill (3) 872.1 (79.2) 792.9 Deferred tax asset 5.5 (4.6) 0.9 Other long-term assets (6) 41.0 34.2 75.2 Accounts payable (30.3) 0.1 (30.2) Accrued expenses and other liabilities (26.5) (9.6) (36.1) Deferred revenues and income (43.5) 2.3 (41.2) Term Loan Facility (SEK) (144.4) — (144.4) Term Loan Facility (EUR) (169.5) — (169.5) Capital lease and financing lease obligations (1)(4) (29.2) 19.2 (10.0) Deferred tax liability (5.2) (13.5) (18.7) Other long-term liabilities (5) (14.4) (19.2) (33.6) Total estimated purchase price $ 654.9 $ — $ 654.9 (1) Amounts recorded for property include land, buildings, capital lease assets, leasehold improvements, furniture, fixtures and equipment. During the year ended March 31, 2018, the Company recorded measurement period adjustments primarily related to the valuation of property, intangible assets, equity method investments, financing lease obligations and related tax adjustments. (2) Additional information for intangible assets acquired on March 28, 2017 is presented below: Weighted Average Gross (In millions) Amortization Period Carrying Amount Acquired intangible assets: Amortizable intangible assets: Favorable leases 7.0 years $ 3.5 Favorable subleases 4.0 years 1.1 Screen advertising agreement 5.0 years 6.6 Trade name agreement 4.0 years 0.4 Total, amortizable 5.5 years $ 11.6 Unamortized intangible assets: Trade names $ 10.5 (3) Amounts recorded for goodwill are not expected to be deductible for tax purposes. (4) Including current portion of approximately $1.1 million. (5) Amounts recorded for other long-term liabilities include unfavorable leases of approximately $20.0 million with an amortization period of 9.3 years. (6) Includes equity method investments of $64.7 million.
Summary of unaudited pro forma financial information related to the Company's historical statement of operations	Actual Pro Forma (In millions) March 31, 2018 March 31, 2017 Revenues $ 1,383.6 $ 1,359.3 Operating income $ 109.9 $ 64.8 Net earnings $ 17.7 $ 11.7 Earnings per share: Basic $ 0.14 $ 0.10 Diluted $ 0.14 $ 0.10

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2018
GOODWILL AND INTANGIBLE ASSETS
Schedule of Activity of Goodwill	(In millions) U.S. Markets International Markets (2) Total Balance as of December 31, 2017 $ 3,072.6 $ 1,859.1 $ 4,931.7 Adjustments to acquisition of Nordic (1) — (6.4) (6.4) Currency translation adjustment — 18.9 18.9 Balance as of March 31, 2018 $ 3,072.6 $ 1,871.6 $ 4,944.2 (1) Change in goodwill from purchase price allocations adjustments. See Note 3 —Acquisitions for further information. (2) As of March 31, 2018, the goodwill for the Odeon Theatres reporting unit and the Nordic Theatres reporting unit was $1,038.0 million and $833.6 million, respectively.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Investments
Schedule of Condensed Financial Information of Non-consolidated Equity Method Investments	Three Months Ended (In millions) March 31, 2018 March 31, 2017 Revenues $ 121.2 $ 117.4 Operating costs and expenses 102.7 101.1 Net earnings $ 18.5 $ 16.3
Schedule of Components of Recorded Equity in Earnings (Losses) of Non-consolidated Entities	Three Months Ended (In millions) March 31, 2018 March 31, 2017 NCM and NCM, Inc. (1) $ (17.5) $ (6.0) Digital Cinema Implementation Partners, LLC 6.6 7.4 Other 1.9 (3.7) The Company’s recorded equity in loss (1) $ (9.0) $ (2.3)
Schedule of Changes in the Carrying Amount of Investment and Equity in Losses	Accumulated Exhibitor Other Investment in Services Comprehensive Cash Equity in Advertising (In millions) NCM (1) Agreement (2) (Income)/Loss Received Loss (3) (Revenue) Ending balance at December 31, 2017 $ 161.1 $ (530.9) $ (2.5) ASC 606 revenue recognition change in amortization method — (52.9) — Surrender of common units for common unit adjustment (6.3) 5.2 — $ — $ 1.1 — Receipt of excess cash distributions (10.8) — — 10.8 — — Impairment loss - held for sale (4) (14.4) — — — 14.4 — Equity in loss (0.2) — — — 0.2 — Amortization of ESA — 3.6 — — — (3.6) For the period ended or balance as of March 31, 2018 $ 129.4 $ (575.0) $ (2.5) $ 10.8 $ 15.7 $ (3.6) (1) The following table represents AMC’s investment in NCM, Inc. common shares and NCM common membership units including units received under the Common Unit Adjustment Agreement dated as of February 13, 2007: Common Membership Units Common Shares Tranche 1 Tranche 2 (a) NCM, Inc. (5) Beginning balance at December 31, 2012 17,323,782 — — Additional units received in the quarter ended June 30, 2013 — 1,728,988 — Additional units received in the quarter ended June 30, 2014 — 141,731 — Additional units received in the quarter ended June 30, 2015 — 469,163 — Additional units received in the quarter ended December 31, 2015 — 4,399,324 — Units exchanged for NCM, Inc. shares in December 2015 — (200,000) 200,000 Additional units received in the quarter ended March 31, 2017 — 18,787,315 — Surrender of units for transferred theatres in March 2017 — (2,850,453) — Surrender of units for exclusivity waiver in March 2017 — (1,807,220) — Conversion of units to NCM, Inc. common shares in September 2017 — (14,600,000) 14,600,000 Sale of NCM, Inc. common shares in September 2017 — — (14,800,000) Conversion of units to NCM, Inc. common shares in October 2017 — (1,000,000) 1,000,000 Surrender of units in the quarter ended March 31, 2018 — (915,150) — Ending balance at March 31, 2018 17,323,782 4,153,698 1,000,000 (a) The additional units received (surrendered) in June 2013, June 2014, June 2015, December 2015, March 2017, and March 2018 were measured at fair value (Level 1) using NCM, Inc.’s stock price of $15.22, $15.08, $14.52, $15.75, $12.52, and $5.64, respectively. (2) Represents the unamortized portion of the ESA with NCM. Such amounts are being amortized to other theatre revenues over the remainder of the 30-year term of the ESA ending in 2037. See Note 1 – Basis of Presentation and Note 2 – Revenue Recognition for information on the effects of adopting ASC 606. (3) Excludes a lower of carrying value or fair value impairment loss of $1.6 million related to the Company’s common stock investment in NCM, Inc. See Note 8–Fair Value Measurements for further information regarding a lower of carrying value or fair value impairment losses. (4) The Company recorded an impairment loss on held-for-sale units and shares for NCM, Inc. of $1.6 million and NCM of $14.4 million for a total impairment of $16.0 million during the three months ended March 31, 2018. The charges reflect recording our units and shares at the publicly quoted per share price on March 31, 2018 of $5.19. See Note 8–Fair Value Measurements for further information regarding a lower of carrying value or fair value impairment loss. (5) The following table represents AMC’s investment in NCM, Inc. common shares. Cash NCM Inc. Investment in Received Equity in (In millions) NCM Inc. (Paid) Loss Ending balance December 31, 2017 $ 6.8 $ — $ — Held-for-sale impairment loss (1.6) — (1.6) Expenses from the sale of NCM Inc. common shares — (0.1) (0.1) Ending balance March 31, 2018 $ 5.2 $ (0.1) $ (1.7)
NCM
Investments
Schedule of Transactions	As of As of (In millions) March 31, 2018 December 31, 2017 Due from NCM for on-screen advertising revenue $ 2.4 $ 2.5 Due to NCM for Exhibitor Services Agreement 2.4 9.4 Promissory note payable to NCM 2.8 2.8 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Net NCM screen advertising revenues $ 18.8 $ 11.6 NCM beverage advertising expense 1.9 1.9
DCIP
Investments
Schedule of Transactions	As of As of (In millions) March 31, 2018 December 31, 2017 Due from DCIP for warranty expenditures $ 3.0 $ 2.8 Deferred rent liability for digital projectors 8.0 8.1 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Digital equipment rental expense $ 1.4 $ 1.5
ACJV LLC
Investments
Schedule of Transactions	As of As of (In millions) March 31, 2018 December 31, 2017 Due from AC JV $ — $ — Due to AC JV for Fathom Events programming 1.4 0.5 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Film exhibition costs: Gross exhibition cost on Fathom Events programming $ 2.7 $ 3.6
Screenvision
Investments
Schedule of Transactions	As of As of (In millions) March 31, 2018 December 31, 2017 Due from Screenvision for on-screen advertising revenue $ 1.7 $ 3.1 Three Months Ended (In millions) March 31, 2018 March 31, 2017 Screenvision screen advertising revenues $ 3.7 $ 3.3
Nordic
Investments
Schedule of Transactions	As of As of (In millions) March 31, 2018 December 31, 2017 Due from Nordic JVs $ 5.6 $ 5.7 Due to Nordic JVs for management services 2.7 2.5

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
STOCKHOLDERS' EQUITY
Schedule of the Dividends and Dividend Equivalents Paid	Amount per Total Amount Share of Declared Declaration Date Record Date Date Paid Common Stock (In millions) February 28, 2018 March 12, 2018 March 26, 2018 $ 0.20 $ 26.0
Schedule of unrecognized stock based compensation	Amount Expected to Expected to Expected to Three Months Ended Unrecognized Recognize Recognize Recognize Grant March 31, 2018 March 31, 2018 2018 2019 2020 2018 Board of Directors $ 0.5 $ — $ — $ — $ — 2018 RSU awards 0.3 9.9 3.1 3.4 3.4 2018 PSU awards 0.6 9.6 5.4 3.0 1.2 2017 RSU awards 0.5 3.4 1.4 2.0 — 2017 RSU NEO awards 0.3 2.4 1.0 1.4 — 2017 PSU awards (1) — — — — — 2016 RSU awards 0.3 0.9 0.9 — — 2016 RSU NEO awards 0.3 0.8 0.8 — — 2016 PSU awards (1) — — — — — $ 2.8 $ 27.0 $ 12.6 $ 9.8 $ 4.6 (1) During the year ended December 31, 2017, the Company determined that achieving the three-year performance thresholds of the 2017 Performance Stock Units and the 2016 Performance Stock Units was improbable and reversed all previously recorded expense and ceased accruing any additional expense on these units. If the Company later determines that the performance thresholds become probable, then historical expense would be reinstated, and the Company would resume recognizing expense.
Schedule of Nonvested RSU and PSU Activity	The following table represents the nonvested RSU and PSU activity for the three months ended March 31, 2018: Weighted Average Shares of RSU Grant Date and PSU Fair Value Beginning balance at January 1, 2018 1,083,841 $ 28.61 Granted 1,307,338 15.65 Vested (195,432) 28.46 Forfeited (2,186) 28.78 Nonvested at March 31, 2018 2,193,561 $ 20.90

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
FAIR VALUE MEASUREMENTS
Schedule of Fair Value Hierarchy of Financial Assets Carried at Fair Value on a Recurring Basis	Fair Value Measurements at March 31, 2018 Using Significant Total Carrying Quoted prices in Significant other unobservable Value at active market observable inputs inputs (In millions) March 31, 2018 (Level 1) (Level 2) (Level 3) Other long-term assets: Money market mutual funds $ 0.5 $ 0.5 $ — $ — Equity securities, available-for-sale: Investments measured at net asset value (1) 10.1 — — — Total assets at fair value $ 10.6 $ 0.5 $ — $ — (1) The investments relate to a non-qualified deferred compensation arrangement on behalf of certain management. The Company has an equivalent liability for this related-party transaction recorded in other long-term liabilities for the deferred compensation obligation.
Schedule of Fair Value of Financial Instruments Not Recognized at Fair Value for Which It Is Practicable to Estimate Fair Value	Fair Value Measurements at March 31, 2018 Using Significant other Significant Total Carrying Quoted prices in observable unobservable Value at active market inputs inputs (In millions) March 31, 2018 (Level 1) (Level 2) (Level 3) Current maturities of corporate borrowings $ 15.2 $ — $ 14.2 $ 1.4 Corporate borrowings 4,244.1 — 4,325.7 1.4

THEATRE AND OTHER CLOSURE AND31

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS
Rollforward of Reserves for Theatre and Other Closure and Disposition of Assets	Three Months Ended (In millions) March 31, 2018 March 31, 2017 Beginning balance $ 27.5 $ 34.6 Theatre and other closure expense 1.5 0.9 Transfer of assets and liabilities 0.9 0.8 Foreign currency translation adjustment 0.2 0.2 Cash payments (3.1) (3.0) Ending balance $ 27.0 $ 33.5

ACCUMULATED OTHER COMPREHENSI32

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2018
ACCUMULATED OTHER COMPREHENSIVE INCOME
Schedule of Changes in Accumulated Other Comprehensive Income	Unrealized Net Unrealized Net Pension and Gain from Gain from Equity Foreign Other Marketable Method Investees’ (In millions) Currency Benefits Securities Cash Flow Hedge Total Balance, December 31, 2017 $ 129.9 $ (6.6) $ 0.6 $ 1.7 $ 125.6 Other comprehensive income (loss) before reclassifications 11.7 — — 0.2 11.9 Amounts reclassified from accumulated other comprehensive income — (1.2) — (0.2) (1.4) Other comprehensive income (loss) 11.7 (1.2) — — 10.5 Adoption of ASU 2016-01 - reclassification to retained earnings — — (0.6) — (0.6) Adoption of ASU 2018-02 - reclassification to retained earnings 4.0 0.6 — 0.4 5.0 Balance, March 31, 2018 $ 145.6 $ (7.2) $ — $ 2.1 $ 140.5 Unrealized Net Unrealized Net Pension and Gain from Gain from Equity Foreign Other Marketable Method Investees’ (In millions) Currency Benefits Securities Cash Flow Hedge Total Balance, December 31, 2016 $ (1.8) $ (3.6) $ 0.3 $ 2.6 $ (2.5) Other comprehensive income (loss) before reclassifications (2.2) — 0.2 — (2.0) Amounts reclassified from accumulated other comprehensive income — 0.1 — — 0.1 Other comprehensive income (loss) (2.2) 0.1 0.2 — (1.9) Balance, March 31, 2017 $ (4.0) $ (3.5) $ 0.5 $ 2.6 $ (4.4)
Schedule of Tax Effects Allocated to Each Component of Other Comprehensive Income	Three Months Ended March 31, 2018 March 31, 2017 Tax Tax Pre-Tax (Expense) Net-of-Tax Pre-Tax (Expense) Net-of-Tax (In millions) Amount Benefit Amount Amount Benefit Amount Unrealized foreign currency translation adjustment (1) $ 7.3 $ 4.4 $ 11.7 $ (2.6) $ 0.4 $ (2.2) Pension and other benefit adjustments: Net loss arising during the period (1.8) 0.6 (1.2) — — — Prior service credit arising during the period — — — 0.1 — 0.1 Marketable securities: Unrealized net holding gain (loss) arising during the period — — — 0.3 (0.1) 0.2 Equity method investees' cash flow hedge: Unrealized net holding loss arising during the period (0.2) 0.4 0.2 — — — Realized net loss reclassified into equity in earnings of non-consolidated entities (0.2) — (0.2) — — — Other comprehensive income (loss) $ 5.1 $ 5.4 $ 10.5 $ (2.2) $ 0.3 $ (1.9) (1) Deferred tax impacts of foreign currency translation for the Odeon and Nordic international operations have not been recorded due to the Company’s intent to remain permanently invested.

OPERATING SEGMENT (Tables)

OPERATING SEGMENT (Tables)	3 Months Ended
	Mar. 31, 2018
OPERATING SEGMENTS
Schedule of financial information by reportable operating segment	Three Months Ended Revenues (In millions) March 31, 2018 March 31, 2017 U.S. markets $ 982.1 $ 992.1 International markets 401.5 289.3 Total revenues $ 1,383.6 $ 1,281.4 Three Months Ended Adjusted EBITDA (1) (In millions) March 31, 2018 March 31, 2017 U.S. markets (2) $ 208.4 $ 198.0 International markets 69.5 53.1 Total Adjusted EBITDA $ 277.9 $ 251.1 (1) The Company presents Adjusted EBITDA as a supplemental measure of its performance. The Company defines Adjusted EBITDA as net earnings (loss) plus (i) income tax provision (benefit), (ii) interest expense and (iii) depreciation and amortization, as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include attributable EBITDA from equity investments in theatre operations in international markets and any cash distributions of earnings from its other equity method investees. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, which is consistent with how Adjusted EBITDA is defined in our debt indentures. (2) Distributions from NCM are reported entirely within the U.S. markets segment. Three Months Ended Capital Expenditures (In millions) March 31, 2018 March 31, 2017 U.S. markets $ 71.0 $ 150.3 International markets 36.3 11.0 Total capital expenditures $ 107.3 $ 161.3
Schedule of information about the Company's revenues from continuing operations and assets by geographic area	Three Months Ended Revenues (In millions) March 31, 2018 March 31, 2017 United States $ 982.1 $ 992.1 United Kingdom 130.5 131.6 Italy 60.9 59.0 Spain 49.6 46.0 Sweden 60.6 2.5 Germany 32.8 32.4 Finland 28.0 — Ireland 10.5 10.4 Other foreign countries 28.6 7.4 Total $ 1,383.6 $ 1,281.4 As of As of Long-term assets, net (In millions) March 31, 2018 December 31, 2017 United States $ 5,852.1 $ 5,866.8 International 3,095.5 3,066.7 Total long-term assets (1) $ 8,947.6 $ 8,933.5 (1) Long-term assets are comprised of property, intangible assets, goodwill, deferred income tax assets and other long-term assets.
Schedule of reconciliation of net earnings to Adjusted EBITDA	Three Months Ended (In millions) March 31, 2018 March 31, 2017 Net earnings $ 17.7 $ 8.4 Plus: Income tax provision (benefit) 4.7 (9.2) Interest expense 82.5 62.0 Depreciation and amortization 130.5 125.3 Certain operating expenses (1) 3.7 5.4 Equity in loss of non-consolidated entities (2) 9.0 2.3 Cash distributions from non-consolidated entities (3) 24.3 24.4 Attributable EBITDA (4) 2.0 — Investment income (5.2) (5.6) Other expense (income) (5) 1.2 (2.2) General and administrative — unallocated: Merger, acquisition and transaction costs (6) 4.7 40.2 Stock-based compensation expense (7) 2.8 0.1 Adjusted EBITDA $ 277.9 $ 251.1 (1) Amounts represent preopening expense related to temporarily closed screens under renovation, theatre and other closure expense for the permanent closure of screens including the related accretion of interest, non-cash deferred digital equipment rent expense, and disposition of assets and other non-operating gains or losses included in operating expenses. The Company has excluded these items as they are non-cash in nature, include components of interest cost for the time value of money or are non-operating in nature. (2) Equity in loss of non-consolidated entities includes a lower of carrying value or fair value impairment loss on the held-for-sale portion of NCM of $16.0 million for the three months ended March 31, 2018. The impairment charge reflects recording the Company’s held-for-sale units and shares at the publicly quoted per share price on March 31, 2018 of $5.19. Equity in loss of non-consolidated entities also includes a loss on the surrender (disposition) of a portion of the Company’s investment in NCM of $1.1 million during the three months ended March 31, 2018. (3) Includes U.S. non-theatre distributions from equity method investments and International non-theatre distributions from equity method investments to the extent received. The Company believes including cash distributions is an appropriate reflection of the contribution of these investments to its operations. (4) Attributable EBITDA includes the EBITDA from equity investments in theatre operators in certain international markets. See below for a reconciliation of the Company’s equity loss of non-consolidated entities to attributable EBITDA. Because these equity investments are in theatre operators in regions where the Company holds a significant market share, the Company believes attributable EBITDA is more indicative of the performance of these equity investments and management uses this measure to monitor and evaluate these equity investments. The Company also provides services to these theatre operators including information technology systems, certain on-screen advertising services and our gift card and package ticket program. As these investments relate only to our Nordic acquisition, the second quarter of 2017 represents the first time the Company made this adjustment and does not impact prior historical presentations of Adjusted EBITDA. Three Months Ended (In millions) March 31, 2018 March 31, 2017 Equity in loss of non-consolidated entities $ 9.0 $ — Less: Equity in loss of non-consolidated entities excluding international theatre JV's 10.3 — Equity in earnings of International theatre JV's 1.3 — Depreciation and amortization 0.7 — Attributable EBITDA $ 2.0 $ — (5) Other income for the three months ended March 31, 2018 includes $1.6 million financing related foreign currency transaction losses, partially offset by $0.4 million forward foreign currency contract gains. (6) Merger, acquisition and transition costs are excluded as they are non-operating in nature. (7) Non-cash or non-recurring expense included in general and administrative: other.

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFIT PLANS
Schedule of Net Periodic Benefit (Credit) Recognized for the Plans	Net periodic benefit cost (credit) recognized for the plans in o ther expense (income) during the three months ended March 31, 2018 and March 31, 2017 consists of the following: U.S. Pension Benefits International Pension Benefits Three Months Ended Three Months Ended (In millions) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Components of net periodic benefit cost: Interest cost 1.0 1.1 0.7 0.6 Expected return on plan assets (0.8) (0.8) (0.9) (0.8) Net periodic benefit cost (credit) $ 0.2 $ 0.3 $ (0.2) $ (0.2) Net periodic service cost (credit) recognized for the plans in general and administrative: o ther: during the three months ended March 31, 2018 and March 31, 2017 consists of the following: U.S. Pension Benefits International Pension Benefits Three Months Ended Three Months Ended (In millions) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Net periodic service cost $ — $ — $ 0.2 $ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
EARNINGS PER SHARE
Schedule of Computation of Basic and Diluted Earnings per Common Share	Three Months Ended (In millions) March 31, 2018 March 31, 2017 Numerator: Net earnings from continuing operations $ 17.7 $ 8.4 Denominator (shares in thousands): Weighted average shares for basic earnings per common share 128,046 121,358 Common equivalent shares for RSUs and PSUs — 43 Shares for diluted earnings per common share 128,046 121,401 Basic earnings per common share $ 0.14 $ 0.07 Diluted earnings per common share $ 0.14 $ 0.07

CONDENSED CONSOLIDATING FINAN36

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Schedule of Condensed Statements of Operations	Consolidating Statement of Operations Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Revenues Admissions $ — $ 497.1 $ 377.9 $ — $ 875.0 Food and beverage — 245.7 160.1 — 405.8 Other theatre — 61.0 41.8 — 102.8 Total revenues — 803.8 579.8 — 1,383.6 Operating costs and expenses Film exhibition costs — 260.7 165.8 — 426.5 Food and beverage costs — 36.4 29.8 — 66.2 Operating expense, excluding depreciation and amortization — 225.4 186.5 — 411.9 Rent — 107.5 82.2 — 189.7 General and administrative: Merger, acquisition and transaction costs — 4.0 0.7 — 4.7 Other, excluding depreciation and amortization — 26.3 17.9 — 44.2 Depreciation and amortization — 69.8 60.7 — 130.5 Operating costs and expenses — 730.1 543.6 — 1,273.7 Operating income — 73.7 36.2 — 109.9 Other expense (income): Equity in net (earnings) loss of subsidiaries (21.3) (23.3) — 44.6 — Other expense (income) — (0.2) 1.4 — 1.2 Interest expense: Corporate borrowings 60.7 62.7 1.0 (62.7) 61.7 Capital and financing lease obligations — 1.8 8.5 — 10.3 Non-cash NCM exhibitor service agreement — 10.5 — — 10.5 Equity in (earnings) loss of non-consolidated entities — 10.1 (1.1) — 9.0 Investment income (57.1) (10.3) (0.5) 62.7 (5.2) Total other expense (income) (17.7) 51.3 9.3 44.6 87.5 Earnings before income taxes 17.7 22.4 26.9 (44.6) 22.4 Income tax provision — 1.1 3.6 — 4.7 Net earnings $ 17.7 $ 21.3 $ 23.3 $ (44.6) $ 17.7 Consolidating Statement of Operations Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Revenues Admissions $ — $ 501.9 $ 315.6 $ — $ 817.5 Food and beverage — 249.9 147.7 — 397.6 Other theatre — 42.1 24.2 — 66.3 Total revenues — 793.9 487.5 — 1,281.4 Operating costs and expenses Film exhibition costs — 273.9 145.7 — 419.6 Food and beverage costs — 33.6 26.2 — 59.8 Operating expense, excluding depreciation and amortization — 220.1 136.3 — 356.4 Rent — 123.3 67.1 — 190.4 General and administrative: Merger, acquisition and transaction costs — 40.3 (0.1) — 40.2 Other, excluding depreciation and amortization 0.7 22.0 11.7 — 34.4 Depreciation and amortization — 72.7 52.6 — 125.3 Operating costs and expenses 0.7 785.9 439.5 — 1,226.1 Operating income (loss) (0.7) 8.0 48.0 — 55.3 Other expense (income): Equity in net (earnings) loss of subsidiaries (11.4) (37.5) — 48.9 — Other expense (income) — (2.6) — — (2.6) Interest expense: Corporate borrowings 50.6 48.3 0.6 (48.3) 51.2 Capital and financing lease obligations — 2.0 8.8 — 10.8 Equity in earnings of non-consolidated entities — 2.0 0.3 — 2.3 Investment income (48.3) (5.3) (0.3) 48.3 (5.6) Total other expense (income) (9.1) 6.9 9.4 48.9 56.1 Earnings before income taxes 8.4 1.1 38.6 (48.9) (0.8) Income tax provision (benefit) — (10.3) 1.1 — (9.2) Net earnings $ 8.4 $ 11.4 $ 37.5 $ (48.9) $ 8.4
Schedule of Condensed Statements of Comprehensive Income	Consolidating Statement of Comprehensive Loss Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings $ 17.7 $ 21.3 $ 23.3 $ (44.6) $ 17.7 Other comprehensive income (loss) Equity in other comprehensive income (loss) of subsidiaries 10.5 15.7 — (26.2) — Unrealized foreign currency translation adjustment, net of tax — (5.2) 16.9 — 11.7 Pension and other benefit adjustments: Net loss arising during the period, net of tax — — (1.2) — (1.2) Equity method investees’ cash flow hedge: Unrealized net holding gain arising during the period, net of tax — 0.2 — — 0.2 Realized net holding gain reclassified to equity in earnings of non-consolidated entities, net of tax — (0.2) — — (0.2) Other comprehensive income 10.5 10.5 15.7 (26.2) 10.5 Total comprehensive income $ 28.2 $ 31.8 $ 39.0 $ (70.8) $ 28.2 Consolidating Statement of Comprehensive Income Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Net earnings (loss) $ 8.4 $ 11.4 $ 37.5 $ (48.9) $ 8.4 Other comprehensive income (loss) Equity in other comprehensive income (loss) of subsidiaries (1.9) (2.2) — 4.1 — Unrealized foreign currency translation adjustment, net of tax — — (2.2) — (2.2) Pension and other benefit adjustments: Amortization of net loss reclassified into general and administrative: others, net of tax — 0.1 — — 0.1 Marketable securities: Unrealized holding gain arising during the period, net of tax — 0.2 — — 0.2 Other comprehensive income (1.9) (1.9) (2.2) 4.1 (1.9) Total comprehensive income (loss) $ 6.5 $ 9.5 $ 35.3 $ (44.8) $ 6.5
Schedule of Condensed Balance Sheets	Consolidating Balance Sheet As of March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Assets Current assets: Cash and cash equivalents $ 1.1 $ 62.7 $ 237.1 $ — $ 300.9 Restricted cash — — 11.6 — 11.6 Receivables, net (0.4) 98.7 68.8 — 167.1 Assets held for sale — 54.4 — — 54.4 Other current assets — 121.4 82.7 — 204.1 Total current assets 0.7 337.2 400.2 — 738.1 Investment in equity of subsidiaries 859.6 1,554.1 — (2,413.7) — Property, net — 1,574.8 1,516.5 — 3,091.3 Intangible assets, net — 216.6 161.4 — 378.0 Intercompany advances 5,535.2 (3,461.9) (2,073.3) — — Goodwill (2.1) 2,422.1 2,524.2 — 4,944.2 Deferred tax asset, net — — 96.9 (68.7) 28.2 Other long-term assets 5.3 345.8 154.8 — 505.9 Total assets $ 6,398.7 $ 2,988.7 $ 2,780.7 $ (2,482.4) $ 9,685.7 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ — $ 304.3 $ 149.9 $ — $ 454.2 Accrued expenses and other liabilities 56.9 148.9 142.7 — 348.5 Deferred revenues and income — 236.3 96.6 — 332.9 Current maturities of corporate borrowings and capital and financing lease obligations 13.8 11.6 61.2 — 86.6 Total current liabilities 70.7 701.1 450.4 — 1,222.2 Corporate borrowings 4,242.7 1.4 — — 4,244.1 Capital and financing lease obligations — 71.1 502.0 — 573.1 Exhibitor services agreement — 575.0 — — 575.0 Deferred tax liability, net — 85.3 31.9 (68.7) 48.5 Other long-term liabilities — 695.2 242.3 — 937.5 Total liabilities 4,313.4 2,129.1 1,226.6 (68.7) 7,600.4 Temporary equity 0.5 — — — 0.5 Stockholders’ equity 2,084.8 859.6 1,554.1 (2,413.7) 2,084.8 Total liabilities and stockholders’ equity $ 6,398.7 $ 2,988.7 $ 2,780.7 $ (2,482.4) $ 9,685.7 Consolidating Balance Sheet As of December 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Assets Current assets: Cash and cash equivalents $ 1.1 $ 85.0 $ 223.9 $ — $ Restricted cash — — 8.3 — Receivables, net 0.4 186.4 84.7 — Assets held for sale — 80.0 — — 80.0 Other current assets — 118.0 84.6 — Total current assets 1.5 469.4 401.5 — 872.4 Investment in equity of subsidiaries 2,450.6 1,513.4 — (3,964.0) — Property, net — 1,591.1 1,525.4 — 3,116.5 Intangible assets, net — 218.9 161.6 — 380.5 Intercompany advances 3,914.1 (1,893.3) (2,020.8) — — Goodwill (2.1) 2,422.1 2,511.7 — 4,931.7 Deferred tax asset, net — — 97.6 (68.7) 28.9 Other long-term assets 5.8 326.5 143.6 — 475.9 Total assets $ 6,369.9 $ 4,648.1 $ 2,820.6 $ (4,032.7) $ 9,805.9 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ — $ 373.7 $ 195.9 $ — $ 569.6 Accrued expenses and other liabilities 24.2 165.3 161.6 — 351.1 Deferred revenues and income — 270.8 130.2 — 401.0 Current maturities of corporate borrowings and capital and financing lease obligations 13.8 11.8 62.1 — 87.7 Total current liabilities 38.0 821.6 549.8 — 1,409.4 Corporate borrowings 4,218.7 1.4 — — 4,220.1 Capital and financing lease obligations — 73.5 505.4 — 578.9 Exhibitor services agreement — 530.9 — — 530.9 Deferred tax liability, net — 85.3 33.0 (68.7) 49.6 Other long-term liabilities — 684.8 219.0 — 903.8 Total liabilities 4,256.7 2,197.5 1,307.2 (68.7) 7,692.7 Temporary equity 0.8 — — — 0.8 Stockholders’ equity 2,112.4 2,450.6 1,513.4 (3,964.0) 2,112.4 Total liabilities and stockholders’ equity $ 6,369.9 $ 4,648.1 $ 2,820.6 $ (4,032.7) $ 9,805.9
Schedule of Condensed Statements of Cash Flows	Consolidating Statement of Cash Flows Three Months Ended March 31, 2018: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Cash flows from operating activities: Net cash provided by operating activities $ 46.8 $ 81.1 $ 37.5 $ — $ 165.4 Cash flows from investing activities: Capital expenditures — (58.5) (48.8) — (107.3) Proceeds from disposition of long-term assets — 0.2 3.6 — 3.8 Investments in non-consolidated entities, net — (10.7) — — (10.7) Other, net — (0.9) 0.3 — (0.6) Net cash used in investing activities — (69.9) (44.9) — (114.8) Cash flows from financing activities: Principal payments under Term Loan (3.5) — — — (3.5) Principal payments under capital and financing lease obligations — (2.5) (15.4) — (17.9) Cash used to pay dividends (25.8) — — — (25.8) Taxes paid for restricted unit withholdings (1.7) — — — (1.7) Purchase of treasury stock (13.5) — — — (13.5) Change in intercompany advances (27.5) (5.5) 33.0 — — Net cash provided by (used in) financing activities (72.0) (8.0) 17.6 — (62.4) Effect of exchange rate changes on cash and cash equivalents and restricted cash 25.2 (25.5) 6.3 — 6.0 Net decrease in cash and cash equivalents and restricted cash — (22.3) 16.5 — (5.8) Cash and cash equivalents and restricted cash at beginning of period 1.1 85.0 232.2 — 318.3 Cash and cash equivalents and restricted cash at end of period $ 1.1 $ 62.7 $ 248.7 $ — $ 312.5 Consolidating Statement of Cash Flows Three Months Ended March 31, 2017: Subsidiary Subsidiary Consolidating Consolidated (In millions) Holdings Guarantors Non-Guarantors Adjustments Holdings Cash flows from operating activities: Net cash provided by operating activities $ 29.8 $ 43.1 $ 99.6 $ — $ 172.5 Cash flows from investing activities: Capital expenditures — (121.9) (39.4) — (161.3) Acquisition of Nordic, net of cash acquired — (654.9) 70.5 — (584.4) Acquisition of Carmike, net of cash acquired — — 0.1 — 0.1 Proceeds from disposition of long-term assets — 0.5 3.5 — 4.0 Investments in non-consolidated entities, net — (0.3) — — (0.3) Other, net — (1.6) — — (1.6) Net cash used in (provided by) investing activities — (778.2) 34.7 — (743.5) Cash flows from financing activities: Proceeds from the issuance of Senior Subordinated Sterling Notes due 2024 327.8 — — — 327.8 Proceeds from the issuance of Senior Subordinated Notes due 2027 475.0 — — — 475.0 Payment of Nordic SEK Term Loan (144.4) — — — (144.4) Payment of Nordic EUR Term Loan (169.5) — — — (169.5) Net proceeds from equity offering 617.5 — — — 617.5 Principal payment of Bridge Loan due 2017 (350.0) — — — (350.0) Principal payments under Term Loan (2.2) — — — (2.2) Principal payments under capital and financing lease obligations — (2.3) (17.4) — (19.7) Cash used to pay deferred financing costs (27.5) — — — (27.5) Cash used to pay dividends (26.2) — — — (26.2) Taxes paid for restricted unit withholdings (6.5) — — — (6.5) Change in intercompany advances (716.7) 738.6 (21.9) — — Net cash provided by (used) in financing activities (22.7) 736.3 (39.3) — 674.3 Effect of exchange rate changes on cash and cash equivalents and restricted cash 9.1 (6.9) 0.7 — 2.9 Net decrease in cash and cash equivalents and restricted cash 16.2 (5.7) 95.7 — 106.2 Cash and cash equivalents and restricted cash at beginning of period 3.0 94.7 132.5 — 230.2 Cash and cash equivalents and restricted cash at end of period $ 19.2 $ 89.0 $ 228.2 $ — $ 336.4

THE COMPANY AND SIGNIFICANT ACC

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)
BASIS OF PRESENTATION
Number of reportable segments | segment	2
Accumulated depreciation	$ 1,385.3	$ 1,266.9
Accumulated amortization	64.3	$ 55.5
Leases
Lease incentive	35
Reduction of rent	$ 24.2
Maximum
BASIS OF PRESENTATION
Ownership percentage	50.00%
Wanda
BASIS OF PRESENTATION
Ownership percentage	59.21%
Combined voting power held in Holdings (as a percent)	81.32%
AC JV, LLC
BASIS OF PRESENTATION
Ownership percentage	32.00%

THE COMPANY AND SIGNIFICANT A38

THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES - New accounting pronouncements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other general and administrative	$ 44.2	$ 34.4
Other expense (income)	(1.2)	2.6
Cash and restricted cash
Effect of exchange rate changes on cash and cash equivalents and restricted cash	6	2.9
Cash and cash equivalents	300.9			$ 310
Restricted Cash and Cash Equivalents	11.6			8.3
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	312.5	336.4		318.3	$ 230.2
Accumulated other comprehensive income (loss)	$ 140.5			$ 125.6
Accounting Standards Update 2017-07 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other general and administrative		(0.1)
Other expense (income)		(0.1)
Accounting Standards Update 2016-18 [Member]
Cash and restricted cash
Effect of exchange rate changes on cash and cash equivalents and restricted cash		$ 0.2
Accounting Standards Update 2018-02 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase to accumulated deficit			$ 5
Accounting Standards Update 2016-01 [Member]
Cash and restricted cash
Accumulated other comprehensive income (loss)			$ 0.6

REVENUE RECOGNITION - Cummulati

REVENUE RECOGNITION - Cummulative information (Details)	Jan. 01, 2018USD ($)	Jan. 31, 2018	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)item	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Balance sheet
Other long-term assets	$ 487,000,000			$ 505,900,000		$ 475,900,000
Deferred revenues and income	391,000,000			332,900,000		401,000,000
Exhibitor services agreement	583,800,000			575,000,000		530,900,000
Accumulated deficit	(239,700,000)			(251,700,000)		(207,900,000)
Revenues
Revenue			$ 1,383,600,000	1,383,600,000
Operating costs and expenses
Operating costs and expenses				411,900,000	$ 356,400,000
Non-cash interest expense related to NCM exhibitor service agreement				10,500,000
Net earnings (loss)				$ 17,700,000	$ 8,400,000
Revenues
Percentage of revenue related to sales of gift cards and packaged tickets deferred		100.00%
Period over which total amount of breakage for that current month's sales in proportion to the pattern of actual redemptions is recognized				24 months
Period during which breakage for packaged tickets continues to be recognized as redemption if not used after being purchased				18 months
Non-redemption rate				10.00%
Customer Frequency Program
Insider tier, points earned per dollar spent | item				20
Insider tier, annual membership fee				$ 15
Premiere tier, points earned per dollar spent | item				100
Premiere tier, number of points for virtual reward | item				5,000
Premiere tier, virtual award				$ 5
Redemption period				9 months
Admissions
Revenues
Revenue				$ 875,000,000
Food and beverage
Revenues
Revenue				405,800,000
Total other theatre
Revenues
Revenue				102,800,000
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Balance sheet
Other long-term assets						11,100,000
Deferred revenues and income						(10,000,000)
Exhibitor services agreement						52,900,000
Accumulated deficit						$ (31,800,000)
Accounting Standards Update 2014-09 - Revenue from contracts | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues
Revenue				1,371,900,000
Operating costs and expenses
Operating costs and expenses				403,500,000
Net earnings (loss)				24,900,000
Accounting Standards Update 2014-09 - Revenue from contracts | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Admissions
Revenues
Revenue				875,400,000
Accounting Standards Update 2014-09 - Revenue from contracts | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Food and beverage
Revenues
Revenue				405,900,000
Accounting Standards Update 2014-09 - Revenue from contracts | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Total other theatre
Revenues
Revenue				90,600,000
Accounting Standards Update 2014-09 - Revenue from contracts | Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Revenues
Revenue				11,700,000
Operating costs and expenses
Operating costs and expenses				8,400,000
Non-cash interest expense related to NCM exhibitor service agreement				10,500,000
Net earnings (loss)				(7,200,000)
Accounting Standards Update 2014-09 - Revenue from contracts | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Admissions
Revenues
Revenue				(400,000)
Accounting Standards Update 2014-09 - Revenue from contracts | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Food and beverage
Revenues
Revenue				(100,000)
Accounting Standards Update 2014-09 - Revenue from contracts | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Total other theatre
Revenues
Revenue				$ 12,200,000
Accounting Standards Update 2014-09 - Revenue from contracts | Exhibitor Services Agreement
Film Exhibition Costs
Increase to accumulated deficit	52,900,000
Income tax effect	$ 0
Minimum
Revenues
Breakage rate for gift cards (as a percent)				12.00%
Film Exhibition Costs
Discount rate				650.00%
Maximum
Revenues
Breakage rate for gift cards (as a percent)				18.00%
Film Exhibition Costs
Discount rate				850.00%

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,383.6	$ 1,383.6
Admissions
Disaggregation of Revenue [Line Items]
Revenue		875
Food and beverage
Disaggregation of Revenue [Line Items]
Revenue		405.8
Total other theatre
Disaggregation of Revenue [Line Items]
Revenue		102.8
Advertising
Disaggregation of Revenue [Line Items]
Revenue		37.6
Other theatre
Disaggregation of Revenue [Line Items]
Revenue		$ 65.2
Products and services transferred at point in time
Disaggregation of Revenue [Line Items]
Revenue	1,333.2
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenue	$ 50.4

REVENUE RECOGNITION - Receivabl

REVENUE RECOGNITION - Receivables and deferred revenue (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Current assets
Receivables related to contracts with customers	$ 88.8		$ 204.3
Miscellaneous receivables	78.3		67.2
Receivables, net	167.1		271.5
Current liabilities
Deferred revenue related to contracts with customers	317.4		365.6
Miscellaneous deferred income	15.5		35.4
Deferred revenues and income	$ 332.9	$ 391	$ 401

REVENUE RECOGNITION - Changes i

REVENUE RECOGNITION - Changes in liabilities (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Deferred revenues related to contracts with customers
Begininning balance	$ 365.6
Foreign currency translation adjustment, net of tax	11.7	$ (2.2)
Ending balance	317.4
Accounting Standards Update 2014-09 - Revenue from contracts
Deferred revenues related to contracts with customers
Begininning balance	365.6
Cumulative effect of initially applying ASC 606	(10)
Cash received in advance	95.6
Foreign currency translation adjustment, net of tax	0.4
Ending balance	317.4
Accounting Standards Update 2014-09 - Revenue from contracts | Exhibitor Services Agreement
Deferred revenues related to contracts with customers
Begininning balance	530.9
Cumulative effect of initially applying ASC 606	$ 52.9
Common Unit Adjustment - surrender of common units	(5.2)
Reclassification revenue, as the result of performance obligations satisfied	$ (3.6)
Ending balance	$ 575
Term of amortization of the exhibitor services agreement (ESA) with NCM	30 years
Accounting Standards Update 2014-09 - Revenue from contracts | Admissions
Deferred revenues related to contracts with customers
Customer loyalty awards accumulated, net of expirations	$ 7.4
Reclassification revenue, as the result of performance obligations satisfied	(103.3)
Accounting Standards Update 2014-09 - Revenue from contracts | Food and beverage
Deferred revenues related to contracts with customers
Customer loyalty awards accumulated, net of expirations	9.7
Reclassification revenue, as the result of performance obligations satisfied	(20.7)
Accounting Standards Update 2014-09 - Revenue from contracts | Other Theatre Revenues
Deferred revenues related to contracts with customers
Reclassification revenue, as the result of performance obligations satisfied	$ (25)

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional disclosures (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2018	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenues and income		$ 332.9	$ 391	$ 401
Redemption period		9 months
Gift Card And Ticket Exchange
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenues and income	$ 259.7
Redemption period	24 years
Loyalty Program
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenues and income	$ 41
Redemption period	24 months
Exhibitor Services Agreement | Nine Months Ended December 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		$ 11
Exhibitor Services Agreement | Year Ended 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		15.7
Exhibitor Services Agreement | Year Ended 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		16.8
Exhibitor Services Agreement | Year Ended 2021
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		18.1
Exhibitor Services Agreement | Year Ended 2022
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		19.4
Exhibitor Services Agreement | Years Ended 2023 through February 2037
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Expected to be recognized as revenue		$ 494

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ / shares in Units, € in Millions, kr in Millions, $ in Millions	Mar. 28, 2017SEK (kr)kr / $	Mar. 28, 2017EUR (€)kr / $	Mar. 28, 2017USD ($)kr / $	Mar. 31, 2018USD ($)shares	Mar. 31, 2017USD ($)shares	Mar. 31, 2018USD ($)$ / shares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2018	Dec. 31, 2017USD ($)	Mar. 28, 2017€ / $	Mar. 28, 2017SEK (kr)	Mar. 28, 2017EUR (€)	Mar. 28, 2017USD ($)
Allocation of purchase price
Current portion				$ 86.6		$ 86.6			$ 87.7
Assets held for sale
Value of assets held for sale				54.4		54.4			80
Revenues						1,383.6	$ 1,281.4
Business Acquisition, Pro Forma Information [Abstract]
Revenues						1,383.6	1,359.3
Operating income (loss)						109.9	64.8
Net earnings (loss)						$ 17.7	$ 11.7
Income per share, basic | $ / shares						$ 0.14	$ 0.10
Income per share, diluted | $ / shares						$ 0.14	$ 0.10
NCM
Allocation of purchase price
Investments in equity method investees				$ 129.4		$ 129.4			$ 161.1
Assets held for sale
Common units returned under Common Unit Adjustment Agreement | shares				915,150
Theatres Divested as Required by US DOJ | NCM
Assets held for sale
Total common units received | shares					361,892
Common units returned under Common Unit Adjustment Agreement | shares					2,850,453
Common units returned under waiver of exclusivity agreement | shares					1,807,220
Value of common units returned under waiver of exclusivity agreement					$ 22.6
Net common units received | shares					14,129,642
Value of net common units received						176.9
Expenses					$ 1
Theatres Divested as Required by US DOJ | Forecast | NCM
Assets held for sale
Maximum equity interest, final, as a percent								7.50%
Carmike
ACQUISITION
Purchase price, net of cash acquired							$ (0.1)
Carmike | Theatres Divested as Required by US DOJ | NCM
Assets held for sale
Total common units received | shares					18,425,423
Nordic
ACQUISITION
Purchase price, net of cash acquired	kr 5,756		$ 654.9				584.4
Foreign Currency/USD exchange rate	0.11378	0.11378	0.11378							1.0865
Allocation of purchase price
Cash				$ 71.4		71.4
Restricted cash				5.9		5.9
Receivables				13.4		13.4
Other current assets				23.6		23.6
Property				133.2		133.2
Intangible assets				22.1		22.1
Goodwill				792.9		792.9
Deferred tax assets				0.9		0.9
Other long-term assets				75.2		75.2
Accounts payable				(30.2)		(30.2)
Accrued expenses and other liabilities				(36.1)		(36.1)
Deferred revenues and income				(41.2)		(41.2)
Capital and financing lease obligations				(10)		(10)
Deferred tax liability				(18.7)		(18.7)
Other long-term liabilities				(33.6)		(33.6)
Total estimated purchase price						654.9
Unfavorable lease acquired						$ 20
Amortization period						9 years 3 months 18 days
Investments in equity method investees				64.7		$ 64.7
Current portion				1.1		1.1
Acquisition-related costs						1.2	7.6
Assets held for sale
Revenues						106.5	2.5
Business Acquisition, Pro Forma Information [Abstract]
Net earnings (loss)						13.4	$ (0.2)
Nordic | Preliminary Allocation
Allocation of purchase price
Cash													$ 70.5
Receivables													25
Other current assets													14
Property													89.8
Goodwill													872.1
Deferred tax assets													5.5
Other long-term assets													41
Accounts payable													(30.3)
Accrued expenses and other liabilities													(26.5)
Deferred revenues and income													(43.5)
Capital and financing lease obligations													(29.2)
Deferred tax liability													(5.2)
Other long-term liabilities													(14.4)
Total estimated purchase price			$ 654.9
Nordic | Changes To Preliminary Allocation
Allocation of purchase price
Cash				0.9		0.9
Restricted cash				5.9		5.9
Receivables				(11.6)		(11.6)
Other current assets				9.6		9.6
Property				43.4		43.4
Intangible assets				22.1		22.1
Goodwill				(79.2)		(79.2)
Deferred tax assets				(4.6)		(4.6)
Other long-term assets				34.2		34.2
Accounts payable				0.1		0.1
Accrued expenses and other liabilities				(9.6)		(9.6)
Deferred revenues and income				2.3		2.3
Capital and financing lease obligations				19.2		19.2
Deferred tax liability				(13.5)		(13.5)
Other long-term liabilities				(19.2)		(19.2)
Nordic | Term Loan Facility (SEK)
ACQUISITION
Amount of interest rate swaps repaid	kr 13.5		1.6
Allocation of purchase price
Indebtedness assumed				(144.4)		(144.4)					kr (1,269)
Nordic | Term Loan Facility (SEK) | Preliminary Allocation
Allocation of purchase price
Indebtedness assumed													(144.4)
Nordic | Term Loan facility (EUR)
ACQUISITION
Amount of interest rate swaps repaid		€ 1	$ 1.1
Allocation of purchase price
Indebtedness assumed				$ (169.5)		$ (169.5)						€ (156)
Nordic | Term Loan facility (EUR) | Preliminary Allocation
Allocation of purchase price
Indebtedness assumed													$ (169.5)

ACQUISTIONS - Intangible assets

ACQUISTIONS - Intangible assets (Details) - USD ($) $ in Millions	Mar. 28, 2017	Mar. 31, 2018	Dec. 31, 2017
Amortizable Intangible Assets:
Accumulated Amortization		$ (64.3)	$ (55.5)
Nordic
Amortizable Intangible Assets:
Weighted Average Amortization Period	5 years 6 months
Gross Carrying Amount	$ 11.6
Unamortized Intangible Assets:
Trade names	$ 10.5
Favorable leases | Nordic
Amortizable Intangible Assets:
Weighted Average Amortization Period	7 years
Gross Carrying Amount	$ 3.5
Favorable sublease | Nordic
Amortizable Intangible Assets:
Weighted Average Amortization Period	4 years
Gross Carrying Amount	$ 1.1
Screen advertising agreement | Nordic
Amortizable Intangible Assets:
Weighted Average Amortization Period	5 years
Gross Carrying Amount	$ 6.6
Trade name agreement | Nordic
Amortizable Intangible Assets:
Weighted Average Amortization Period	4 years
Gross Carrying Amount	$ 0.4

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 4,931.7
Effect of foreign currency exchange	18.9
Balance at the end of the period	4,944.2
U.S.
Goodwill [Roll Forward]
Balance at the beginning of the period	3,072.6
Balance at the end of the period	3,072.6
International markets
Goodwill [Roll Forward]
Balance at the beginning of the period	1,859.1
Effect of foreign currency exchange	18.9
Balance at the end of the period	1,871.6
Nordic
Goodwill [Roll Forward]
Adjustments	(6.4)
Balance at the end of the period	833.6
Nordic | International markets
Goodwill [Roll Forward]
Adjustments	(6.4)
Odeon
Goodwill [Roll Forward]
Balance at the end of the period	$ 1,038

INVESTMENTS (Details)

INVESTMENTS (Details) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)shares	Mar. 31, 2018USD ($)item$ / sharesshares	Mar. 31, 2017USD ($)	Sep. 30, 2016USD ($)	Mar. 15, 2018$ / shares	Dec. 31, 2017USD ($)	Mar. 16, 2017$ / shares
Equity Method Investments Ownership Transactions [Abstract]
Gain on divestment of equity method investment			$ 1.1
Loss on sale of investment				$ (22.6)
Loss NCM charged to merger, acquisition and transaction costs				$ 22.6
U.S. theatres and IMAX screen
Investments
Number of theatres | item			5
Amounts due to affiliate	$ 2.6		$ 2.6				$ 2.8
NCM
Investments
Common units returned under Common Unit Adjustment Agreement | shares	915,150
Equity Method Investments Ownership Transactions [Abstract]
Gain on divestment of equity method investment	$ (1.1)
Loss on sale of investment			$ 1.1
Price per share (in dollars per share) | $ / shares	$ 5.19		$ 5.19			$ 5.64
Loss NCM charged to merger, acquisition and transaction costs			$ (1.1)
NCM | Investment Income (Expense) [Member]
Equity Method Investments Ownership Transactions [Abstract]
Receipt under tax receivable agreement			$ 5.4		$ 5.5
DCM
Investments
Ownership percentage	50.00%		50.00%
SV Holdco
Investments
Ownership percentage	16.50%		16.50%
AC JV, LLC
Investments
Ownership percentage	32.00%		32.00%
DCIP
Investments
Ownership percentage	29.00%		29.00%
Dreamscape
Equity Method Investments Ownership Transactions [Abstract]
Purchase of preferred shares			$ 5
Central Services Studios
Equity Method Investments Ownership Transactions [Abstract]
Purchase of preferred shares			$ 5
U.S. theatres and IMAX screen
Investments
Number of screens | item			1
U.S. theatres and IMAX screen | Europe
Investments
Ownership percentage	50.00%		50.00%
Number of theatres | item			57
DCDC
Investments
Ownership percentage	14.60%		14.60%
Theatres Divested as Required by US DOJ | NCM
Investments
Total common units received | shares		361,892
Common units returned under Common Unit Adjustment Agreement | shares		2,850,453
Common units returned under waiver of exclusivity agreement | shares		1,807,220
Value of common units returned under waiver of exclusivity agreement		$ 22.6
Net common units received | shares		14,129,642
Value of net common units received			$ 176.9
Expenses		$ 1
Equity Method Investments Ownership Transactions [Abstract]
Gain on divestment of equity method investment		$ (1.2)
Number of shares sold | shares			14,800,000
Price per share (in dollars per share) | $ / shares								$ 12.52
Maximum
Investments
Ownership percentage	50.00%		50.00%
Maximum | December 20, 2017
Investments
Ownership percentage	15.00%		15.00%
Maximum | December 20, 2018
Investments
Ownership percentage	7.50%		7.50%
Maximum | June 20, 2019
Investments
Ownership percentage	4.99%		4.99%

INVESTMENTS - Agreements (Detai

INVESTMENTS - Agreements (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 15, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2018	Mar. 16, 2017
Investments
Loss on NCM transactions				$ (1.1)
NCM
Investments
Common units returned under Common Unit Adjustment Agreement		915,150
Value of common units returned under Unit Adjustment agreement	5,200,000	6,300,000
Loss on NCM transactions		$ 1.1
Price per share (in dollars per share)	$ 5.64	$ 5.19		$ 5.19
Theatres Divested as Required by US DOJ | NCM
Investments
Total common units received			361,892
Common units returned under Common Unit Adjustment Agreement			2,850,453
Value of common units returned under Unit Adjustment agreement			36,400,000
Common units returned under waiver of exclusivity agreement			1,807,220
Value of common units returned under waiver of exclusivity agreement			$ 22.6
Loss on NCM transactions			$ 1.2
Net common units received			14,129,642
Value of net common units received				$ 176.9
Price per share (in dollars per share)						$ 12.52
Expenses			$ 1
Number of shares sold				14,800,000
Theatres Divested as Required by US DOJ | NCM | Forecast
Investments
Maximum equity interest, final, as a percent					7.50%
Carmike | Theatres Divested as Required by US DOJ | NCM
Investments
Total common units received			18,425,423

INVESTMENTS - Related Party Tra

INVESTMENTS - Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transactions
Gain on sale		$ 22.6
NCM
Related Party Transactions
Amounts due from affiliate	$ 2.4		$ 2.5
Amounts due to affiliate	2.4		9.4
Note payable to affiliate	2.8		2.8
Advertising revenue	18.8	11.6
Advertising expense	1.9	1.9
DCM
Related Party Transactions
Amounts due from affiliate	1.3
Advertising revenue	$ 10.2	5.4
Interest in non-consolidated affiliates (as a percent)	50.00%
Ownership percentage	50.00%
DCIP
Related Party Transactions
Amounts due from affiliate	$ 3		2.8
Deferred rent liability for digital projectors	8		8.1
Digital equipment rental expense	$ 1.4	1.5
Equipment rental term	12 years
AC JV, LLC
Related Party Transactions
Amounts due to affiliate	$ 1.4		0.5
Gross film exhibition cost	2.7	3.6
Screenvision
Related Party Transactions
Amounts due from affiliate	1.7		$ 3.1
Advertising revenue	3.7	3.3
Nordic
Related Party Transactions
Amounts due from affiliate	5.6	5.7
Amounts due to affiliate	$ 2.7	$ 2.5

INVESTMENTS - Sum. Finan. Info

INVESTMENTS - Sum. Finan. Info and Earnings (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 15, 2018	Dec. 31, 2017
Operating Results:
Revenues	$ 121.2	$ 117.4
Operating costs and expenses	102.7	101.1
Net earnings (loss)	18.5	16.3
Recorded equity in earnings	(9)	(2.3)
NCM
Financial Condition:
The company's recorded investment	129.4			$ 161.1
Operating Results:
Recorded equity in earnings	(17.5)	(6)
Impairment of investment	$ 16
Price per share (in dollars per share)	$ 5.19		$ 5.64
DCIP
Operating Results:
Recorded equity in earnings	$ 6.6	7.4
Other
Operating Results:
Recorded equity in earnings	$ 1.9	$ (3.7)

INVESTMENTS - Rollforwards (Det

INVESTMENTS - Rollforwards (Details) - USD ($)	1 Months Ended						3 Months Ended
	Mar. 31, 2018	Jan. 31, 2018	Oct. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2015	Mar. 31, 2018	Mar. 15, 2018	Sep. 29, 2017	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2012
Exhibitor Services Agreement
Changes in carrying amount of investment in NCM and equity in losses of NCM
Balance at the beginning of the period		$ (530,900,000)					$ (530,900,000)
ASC 606 revenue recognition change in amortization method							(52,900,000)
Surrender of common units for transferred theatres							5,200,000
Amortization of ESA							3,600,000
Balance at the end of the period	$ (575,000,000)						(575,000,000)
Common Membership Units rollforward
Surrender of common units for transferred theatres							5,200,000
Other Comprehensive (Income)
Changes in carrying amount of investment in NCM and equity in losses of NCM
Balance at the beginning of the period		(2,500,000)					(2,500,000)
Balance at the end of the period	(2,500,000)						(2,500,000)
Cash Received (Paid)
Changes in carrying amount of investment in NCM and equity in losses of NCM
Receipt of excess cash distributions							10,800,000
Balance at the end of the period	10,800,000						10,800,000
Equity in (Earnings)/Loss
Changes in carrying amount of investment in NCM and equity in losses of NCM
Surrender of common units for transferred theatres							1,100,000
Other-than-temporary impairment loss - held for sale							14,400,000
Equity in loss							200,000
Balance at the end of the period	15,700,000						15,700,000
Common Membership Units rollforward
Surrender of common units for transferred theatres							1,100,000
Advertising (Revenue)
Changes in carrying amount of investment in NCM and equity in losses of NCM
Amortization of ESA							(3,600,000)
Balance at the end of the period	$ (3,600,000)						(3,600,000)
NCM, Inc.
Changes in carrying amount of investment in NCM and equity in losses of NCM
Balance at the beginning of the period		6,800,000					6,800,000
Other-than-temporary impairment loss - held for sale							(1,600,000)
Balance at the end of the period		5,200,000
NCM, Inc. | Cash Received (Paid)
Changes in carrying amount of investment in NCM and equity in losses of NCM
Expenses on sale of shares		(100,000)
Balance at the end of the period		(100,000)
NCM, Inc. | Equity in (Earnings)/Loss
Changes in carrying amount of investment in NCM and equity in losses of NCM
Other-than-temporary impairment loss - held for sale							$ (1,600,000)
Expenses on sale of shares		(100,000)
Balance at the end of the period		(1,700,000)
NCM, Inc. | Common Stock
Common Membership Units rollforward
Number of units owned (in shares)	1,000,000						1,000,000
Membership units received in ESA (in shares)
Units exchanged for NCM, Inc. shares						200,000
Number of units converted			1,000,000	14,600,000
Number of units sold				(14,800,000)
NCM
Changes in carrying amount of investment in NCM and equity in losses of NCM
Balance at the beginning of the period		$ 161,100,000					$ 161,100,000
Surrender of common units for transferred theatres							(6,300,000)
Receipt of excess cash distributions							(10,800,000)
Other-than-temporary impairment loss - held for sale							(14,400,000)
Equity in loss							(200,000)
Balance at the end of the period	$ 129,400,000						129,400,000
Common Membership Units rollforward
Surrender of common units for transferred theatres							$ (6,300,000)
Price per share (in dollars per share)	$ 5.19						$ 5.19	$ 5.64
Term of amortization of the exhibitor services agreement (ESA) with NCM							30 years
NCM | Common Stock
Common Membership Units rollforward
Number of units owned (in shares)	1,000,000						1,000,000
Estimated fair market value of the units	$ 116,700,000						$ 116,700,000
Number of units converted				(14,600,000)
Price per share (in dollars per share)									$ 5.19
NCM | Member Units [Member]
Common Membership Units rollforward
Number of units owned (in shares)	21,477,480						21,477,480
NCM | Member Units Tranche 1 [Member]
Common Membership Units rollforward
Number of units owned (in shares)	17,323,782						17,323,782						17,323,782
Membership units received in ESA (in shares)
NCM | Member Units Tranche 2 [Member]
Changes in carrying amount of investment in NCM and equity in losses of NCM
Surrender of common units for transferred theatres	$ (915,150)				$ (2,850,453)
Common Membership Units rollforward
Number of units owned (in shares)	4,153,698						4,153,698
Membership units received in ESA (in shares)					18,787,315	4,399,324				469,163	141,731	1,728,988
Units exchanged for NCM, Inc. shares						(200,000)
Surrender of common units for transferred theatres	$ (915,150)				$ (2,850,453)
Number of units converted			(1,000,000)
Price per share (in dollars per share)	$ 5.64				$ 12.52	$ 15.75	$ 5.64			$ 14.52	$ 15.08	$ 15.22
NCM | Member Units Tranche 2 [Member] | Exhibitor Services Agreement
Common Membership Units rollforward
Surrender of units for exclusivity waiver					(1,807,220)

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	May 03, 2018USD ($)	Feb. 28, 2018USD ($)$ / shares	Mar. 31, 2017USD ($)item$ / sharesshares	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2017USD ($)
Dividends
Dividends declared		$ 26,000,000
Cash dividend declared (in dollars per share) | $ / shares		$ 0.20		$ 0.20	$ 0.20
Dividends and dividend equivalents				$ 25,800,000	$ 26,200,000
Shares surrendered to pay for payroll taxes, value				$ 1,700,000
Number of shares surrendered for taxes | shares				116,268
Accrued unpaid dividends				$ 600,000
Additional Public Offering
Value of shares issued					617,500,000
Net proceeds					617,500,000
Additional paid-in capital				2,242,900,000		$ 2,241,600,000
Equity disclosures
Total estimated unrecognized compensation cost related to nonvested stock-based compensation arrangements				$ 27,000,000
Expected performance target to be achieved (as a percent)				100.00%
G&A: Other
Equity disclosures
Stock-based compensation expense included in general and administrative expenses				$ 2,800,000	$ 100,000
RSU and PSU Units
Equity disclosures
Restricted stock unit granted (in shares) | shares				1,307,338
Shares of RSU and PSU
Balance at the beginning of the period (in shares) | shares				1,083,841
Granted (in shares) | shares				1,307,338
Vested (in shares) | shares				(195,432)
Forfeited (in shares) | shares				(2,186)
Nonvested at the end of the period (in shares) | shares				2,193,561
Weighted Average Grant Date Fair Value
Balance at the beginning of the period (in dollars per share) | $ / shares				$ 28.61
Granted (in dollars per share) | $ / shares				15.65
Vested (in dollars per share) | $ / shares				28.46
Forfeited (in dollars per share) | $ / shares				28.78
Unvested at the end of the period (in dollars per share) | $ / shares				$ 20.90
Members of management and executive officers | Performance Vesting
Equity disclosures
Stock-based compensation expense included in general and administrative expenses				$ 600,000
Number of days from the termination of service for settlement of fully vested units				30 days
Period of cumulative adjusted EBITDA, diluted earnings pershare, and net profit results to meet the performance target condition				3 years
Awards to be granted upon achieving 100% of performance target (in shares) | shares			653,669
Members of management and executive officers | Performance Vesting | Minimum
Equity disclosures
PSUs vesting as a percentage of performance target				80.00%
Percentage of performance target				30.00%
Members of management and executive officers | Performance Vesting | Maximum
Equity disclosures
PSUs vesting as a percentage of performance target				120.00%
Percentage of performance target				200.00%
Members of management and executive officers | Performance Vesting | Prior to January 2, 2019
Equity disclosures
Awards forfeited (as a percent)				66.67%
Members of management and executive officers | Performance Vesting | Prior to January 2, 2020
Equity disclosures
Awards forfeited (as a percent)				33.33%
Former Employee
Equity disclosures
Increase (decrease) to additional paid-in capital related to stock based compensation				$ 300,000
Shares of RSU and PSU
Forfeited (in shares) | shares				(27,195)
2013 Equity Incentive Plan | RSU and PSU Units
Equity disclosures
Fair value of stock at grant date (in dollars per share) | $ / shares			$ 15.65
2013 Equity Incentive Plan | Members of management | Restricted stock unit
Equity disclosures
Stock-based compensation expense included in general and administrative expenses				$ 300,000
Restricted stock unit granted (in shares) | shares			653,669
Number of shares to be received for each unit | shares				1
Number of days from the termination of service for settlement of fully vested units				30 days
Grant date fair value (in dollars)			$ 10,200,000
Shares of RSU and PSU
Granted (in shares) | shares			653,669
Related Party Transactions
Percentage of options that will vest on each of the anniversaries from the date of grant				33.00%
2013 Equity Incentive Plan | Members of management | Performance Vesting
Equity disclosures
Price per share (in dollars per share) | $ / shares			$ 15.65		$ 15.65
2013 Equity Incentive Plan | Executive officers | Restricted stock unit
Related Party Transactions
Vesting period (in years)				3 years
Class A common stock
Dividends
Dividends and dividend equivalents				$ 10,800,000
Class A common stock | Subsequent Events
Dividends
Dividends declared	$ 0.20
Class A common stock | 2013 Equity Incentive Plan | Board of Director
Equity disclosures
Number of Board of Directors to whom common stock was granted | item			5
Shares granted | shares			28,055
Class A common stock | 2013 Equity Incentive Plan | Board of Director | Other General And Administrative Expense Caption [Member]
Equity disclosures
Stock-based compensation expense included in general and administrative expenses				500,000
Class B common stock
Dividends
Dividends and dividend equivalents				15,200,000
Class B common stock | Subsequent Events
Dividends
Dividends declared	$ 0.20
Wanda
Additional Public Offering
Receivable due from related party				200,000		600,000
Reimbursements				100,000
Related Party Transactions
Receivable due from related party				$ 200,000		$ 600,000

STOCKHOLDERS' EQUITY - compensa

STOCKHOLDERS' EQUITY - compensation expense (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	$ 2.8
Unrecognized stock-based compensation expense	27
2018 Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.5
2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.3
Unrecognized stock-based compensation expense	9.9
2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.6
Unrecognized stock-based compensation expense	9.6
2017 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.5
Unrecognized stock-based compensation expense	3.4
2017 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.3
Unrecognized stock-based compensation expense	2.4
2016 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.3
Unrecognized stock-based compensation expense	0.9
2016 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recorded stock-based compensation expense	0.3
Unrecognized stock-based compensation expense	0.8
Expected to Recognize 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	12.6
Expected to Recognize 2018 | 2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	3.1
Expected to Recognize 2018 | 2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	5.4
Expected to Recognize 2018 | 2017 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	1.4
Expected to Recognize 2018 | 2017 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	1
Expected to Recognize 2018 | 2016 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	0.9
Expected to Recognize 2018 | 2016 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	0.8
Expected to Recognize 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	9.8
Expected to Recognize 2019 | 2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	3.4
Expected to Recognize 2019 | 2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	3
Expected to Recognize 2019 | 2017 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	2
Expected to Recognize 2019 | 2017 RSU NEO awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	1.4
Expected to Recognize 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	4.6
Expected to Recognize 2020 | 2018 RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	3.4
Expected to Recognize 2020 | 2018 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense expected to be recognized	$ 1.2

INCOME TAXES - Effective income

INCOME TAXES - Effective income tax rate on earnings (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Effect of:
Effective income tax rate (as a percent)	20.90%
Tax contingencies and other tax liabilities	$ 17.9			$ 15.3
Net deferred tax assets	20.3			$ 20.7
Income tax benefit	$ (4.7)	$ 9.2
Forecast
Effect of:
Effective income tax rate (as a percent)			(12.00%)

INCOME TAXES - Income tax provi

INCOME TAXES - Income tax provision (Details) kr in Millions, $ in Millions	Jan. 01, 2018	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017SEK (kr)
Effect of Tax Cuts and Jobs Act of 2017
Enacted federal income tax rate	21.00%			35.00%
Income tax expense related to undistributed foreign earnings | kr				kr 0
Deferred:
Deferred income taxes		$ 1.5	$ (8.8)
Income tax provision (benefit)		$ 4.7	$ (9.2)

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value on a recurring basis (Details) - Recurring basis $ / shares in Units, $ in Millions	Mar. 31, 2018USD ($)$ / shares
Other long-term assets:
Money market mutual funds	$ 0.5
Total assets at fair value	$ 10.6
Share Price | $ / shares	$ 6.68
Mutual Fund Fixed Income
Other long-term assets:
Equity securities, available-for-sale:	$ 10.1
Quoted prices in active market (Level 1)
Other long-term assets:
Money market mutual funds	0.5
Total assets at fair value	$ 0.5

FAIR VALUE MEASUREMENTS - Fai57

FAIR VALUE MEASUREMENTS - Fair value on a nonrecurring basis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Fair value measurements
Other than Temporary Impairment Losses, Investments	$ 16
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, carrying value	15.2
Corporate borrowings, noncurrent, carrying value	4,244.1	$ 4,220.1
Significant other observable inputs (Level 2)
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, fair value	14.2
Corporate borrowings, noncurrent, fair value	4,325.7
Significant unobservable inputs (Level 3)
Other Fair Value Measurement Disclosures
Current maturities of corporate borrowings, fair value	1.4
Corporate borrowings, noncurrent, fair value	$ 1.4

THEATRE AND OTHER CLOSURE AND58

THEATRE AND OTHER CLOSURE AND DISPOSITION OF ASSETS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
A roll forward of reserves for theatre and other closure and disposition of assets
Beginning balance	$ 27.5	$ 34.6
Theatre and other closure expense	1.5	0.9
Transfer of assets and liabilities	0.9	0.8
Foreign currency translation adjustment	0.2	0.2
Cash payments	(3.1)	(3)
Ending balance	27	$ 33.5
Accrued Expenses And Other Liabilities Current Caption [Member]
A roll forward of reserves for theatre and other closure and disposition of assets
Current portion included with accrued expenses and other liabilities	8
Other Noncurrent Liabilities [Member]
A roll forward of reserves for theatre and other closure and disposition of assets
Long-term portion included with other long-term liabilities	$ 18.2

ACCUMULATED OTHER COMPREHENSI59

ACCUMULATED OTHER COMPREHENSIVE INCOME - Change in AOCI by component (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Changes in accumulated other comprehensive income
Balance at the beginning of the period	$ 2,112.4
Other comprehensive income (loss), net of tax	10.5	$ (1.9)
Balance at the end of the period	2,084.8
Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income
Balance at the beginning of the period	125.6	(2.5)
Other comprehensive income (loss) before reclassifications	11.9	(2)
Amounts reclassified from accumulated other comprehensive income	(1.4)	0.1
Other comprehensive income (loss), net of tax	10.5	(1.9)
Balance at the end of the period	140.5	(4.4)
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2016-01 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	(0.6)
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2018-02 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	5
Foreign Currency
Changes in accumulated other comprehensive income
Balance at the beginning of the period	129.9	(1.8)
Other comprehensive income (loss) before reclassifications	11.7	(2.2)
Other comprehensive income (loss), net of tax	11.7	(2.2)
Balance at the end of the period	145.6	(4)
Foreign Currency | Accounting Standards Update 2018-02 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	4
Pension and Other Benefits (recorded in G&A : Other)
Changes in accumulated other comprehensive income
Balance at the beginning of the period	(6.6)	(3.6)
Amounts reclassified from accumulated other comprehensive income	(1.2)	0.1
Other comprehensive income (loss), net of tax	(1.2)	0.1
Balance at the end of the period	(7.2)	(3.5)
Pension and Other Benefits (recorded in G&A : Other) | Accounting Standards Update 2018-02 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	0.6
Unrealized Gains on Marketable Securities (Recorded in Investment income)
Changes in accumulated other comprehensive income
Balance at the beginning of the period	0.6	0.3
Other comprehensive income (loss) before reclassifications		0.2
Other comprehensive income (loss), net of tax		0.2
Balance at the end of the period		0.5
Unrealized Gains on Marketable Securities (Recorded in Investment income) | Accounting Standards Update 2016-01 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	(0.6)
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Changes in accumulated other comprehensive income
Balance at the beginning of the period	1.7	2.6
Other comprehensive income (loss) before reclassifications	0.2
Amounts reclassified from accumulated other comprehensive income	(0.2)
Balance at the end of the period	2.1	$ 2.6
Unrealized Gain from Equity Method Investees' Cash Flow Hedge | Accounting Standards Update 2018-02 [Member]
Changes in accumulated other comprehensive income
Amounts reclassified from accumulated other comprehensive income	$ 0.4

ACCUMULATED OTHER COMPREHENSI60

ACCUMULATED OTHER COMPREHENSIVE INCOME - OCI and tax effects (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pre-Tax Amount
Other comprehensive income (loss), before tax	$ 5.1	$ (2.2)
Tax (Expense) Benefit
Other comprehensive income (loss), tax	5.4	0.3
Net-of-Tax Amount
Other comprehensive income (loss), net of tax	10.5	(1.9)
Foreign Currency
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	7.3	(2.6)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax	4.4	0.4
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	11.7	(2.2)
Other comprehensive income (loss), net of tax	11.7	(2.2)
Pension and Other Benefit Adjustments, Net Gain or Loss
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(1.8)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax	0.6
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	(1.2)
Pension and Other Benefit Adjustments, Prior Service Credit
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period		0.1
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax		0.1
Unrealized Gains on Marketable Securities (Recorded in Investment income)
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period		0.3
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax		0.1
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax		0.2
Other comprehensive income (loss), net of tax		$ 0.2
Unrealized Gain from Equity Method Investees' Cash Flow Hedge
Pre-Tax Amount
Unrealized net holding gain (loss) arising during the period	(0.2)
Tax (Expense) Benefit
Unrealized net holding gain (loss) arising during the period, tax	0.4
Net-of-Tax Amount
Unrealized net holding gain (loss) arising during the period, net of tax	0.2
Reclassification adjustment for net gain (loss) realized in net earnings, net of tax	(0.2)
Realized Net Loss from Non-Consolidated Entities' Cash Flow Hedge
Pre-Tax Amount
Reclassification adjustment for net gain (loss) realized in net earnings	(0.2)
Net-of-Tax Amount
Reclassification adjustment for net gain (loss) realized in net earnings, net of tax	$ (0.2)

OPERATING SEGMENT (Details)

OPERATING SEGMENT (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
OPERATING SEGMENT
Number of reportable segments | segment	2
Revenues	$ 1,383.6	$ 1,281.4
Long-term assets, net	8,947.6		$ 8,933.5
Adjusted EBITDA	277.9	251.1
Capital expenditures	107.3	161.3
U.S.
OPERATING SEGMENT
Revenues	982.1	992.1
Long-term assets, net	5,852.1		5,866.8
Adjusted EBITDA	208.4	198
Capital expenditures	71	150.3
International markets
OPERATING SEGMENT
Revenues	401.5	289.3
Long-term assets, net	3,095.5		$ 3,066.7
Adjusted EBITDA	69.5	53.1
Capital expenditures	36.3	11
UK
OPERATING SEGMENT
Revenues	130.5	131.6
Sweden
OPERATING SEGMENT
Revenues	60.6	2.5
Italy
OPERATING SEGMENT
Revenues	60.9	59
Spain
OPERATING SEGMENT
Revenues	49.6	46
Germany
OPERATING SEGMENT
Revenues	32.8	32.4
Finland
OPERATING SEGMENT
Revenues	28
Ireland
OPERATING SEGMENT
Revenues	10.5	10.4
Other foreign countries
OPERATING SEGMENT
Revenues	$ 28.6	$ 7.4

OPERATING SEGMENT - Reconciliat

OPERATING SEGMENT - Reconciliation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 15, 2018
Reconciliation of net income to EBITDA
Net earnings (loss)	$ 17.7	$ 8.4
Income tax provision (benefit)	4.7	(9.2)
Interest expense	82.5	62
Depreciation and amortization	130.5	125.3
Certain operating expenses	3.7	5.4
Equity in (earnings) loss of non-consolidated entities	9	2.3
Equity in earnings (loss) non-theatre JV's	10.3
Cash distributions from non-consolidated entities	24.3	24.4
Attributable EBITDA	2
Investment (income) expense	(5.2)	(5.6)
Other expense (income)	1.2	(2.2)
General and Administrative Expense [Abstract]
Merger Acquisition Transaction Costs	4.7	40.2
Stock-based compensation expense	2.8	0.1
Adjusted EBITDA	277.9	251.1
Foreign currency transaction loss	1.6
Foreign currency transaction gain	0.4
Loss on sale of investment		(22.6)
Loss on extinguishment of debt		0.5
International markets
Reconciliation of net income to EBITDA
Depreciation and amortization	0.7
Equity in earnings (loss) International theatre JV's	1.3
General and Administrative Expense [Abstract]
Adjusted EBITDA	69.5	53.1
NCM
Reconciliation of net income to EBITDA
Equity in (earnings) loss of non-consolidated entities	17.5	$ 6
General and Administrative Expense [Abstract]
Impairment of investment	$ 16
Price per share (in dollars per share)	$ 5.19		$ 5.64
Loss on sale of investment	$ 1.1

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Employee benefit plan disclosures
Qualification age of employees for participation in the savings plan (in years)	21 years
Minimum service in first twelve months of employment for eligibility (in hours)	PT1000H
Initial period of employment for eligibility (in months)	12 months
Components of net periodic benefit (credit):
Net periodic benefit (credit)	$ 0.2	$ 0.1
U.S. Pension Benefits
Components of net periodic benefit (credit):
Interest cost	1	1.1
Expected return on plan assets	(0.8)	(0.8)
Net periodic benefit (credit)	0.2	0.3
International Pension Benefits
Components of net periodic benefit (credit):
Interest cost	0.7	0.6
Expected return on plan assets	(0.9)	(0.8)
Net periodic benefit (credit)	(0.2)	$ (0.2)
International Pension Benefits | Other General And Administrative Expense Caption [Member]
Components of net periodic benefit (credit):
Net periodic benefit (credit)	$ 0.2

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2018item
COMMITMENTS AND CONTINGENCIES
Number of pending actions	2

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net earnings (loss) from continuing operations	$ 17.7	$ 8.4
Denominator (shares in thousands):
Weighted average shares for basic earnings per common share	128,046,000	121,358,000
Common equivalent shares for RSUs and PSUs		43,000
Shares for diluted earnings per common share	128,046,000	121,401,000
Basic earnings from continuing operations per common share (in dollars per share)	$ 0.14	$ 0.07
Diluted earnings from continuing operations per common share (in dollars per share)	$ 0.14	$ 0.07
Performance Vesting
Denominator (shares in thousands):
Anti-dilutive securities not included in the computations of diluted earnings per share (in shares)	371,631
Restricted stock unit
Denominator (shares in thousands):
Anti-dilutive securities not included in the computations of diluted earnings per share (in shares)	911,719

CONDENSED CONSOLIDATING FINAN66

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details)	3 Months Ended
	Mar. 31, 2018
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Ownership percentage	100.00%

CONDENSED CONSOLIDATING FINAN67

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Revenues	$ 1,383.6	$ 1,281.4
Operating costs and expenses
Operating expense (income)	411.9	356.4
Rent	189.7	190.4
General and administrative:
Merger, acquisition and transaction costs	4.7	40.2
Other	44.2	34.4
Depreciation and amortization	130.5	125.3
Operating costs and expenses	1,273.7	1,226.1
Operating income (loss)	109.9	55.3
Other expense (income)
Other expense (income)	1.2	(2.6)
Interest expense:
Corporate borrowings	61.7	51.2
Capital and financing lease obligations	10.3	10.8
Non-cash interest expense related to NCM exhibitor service agreement	10.5
Equity in (earnings) loss of non-consolidated entities	9	2.3
Investment (income) expense	(5.2)	(5.6)
Total other expense	87.5	56.1
Earnings (loss) before income taxes	22.4	(0.8)
Income tax provision (benefit)	4.7	(9.2)
Net earnings (loss)	17.7	8.4
Consolidating Adjustments
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	44.6	48.9
Interest expense:
Corporate borrowings	(62.7)	(48.3)
Investment (income) expense	62.7	48.3
Total other expense	44.6	48.9
Earnings (loss) before income taxes	(44.6)	(48.9)
Net earnings (loss)	(44.6)	(48.9)
AMCE
General and administrative:
Other		0.7
Operating costs and expenses		0.7
Operating income (loss)		(0.7)
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	(21.3)	(11.4)
Interest expense:
Corporate borrowings	60.7	50.6
Investment (income) expense	(57.1)	(48.3)
Total other expense	(17.7)	(9.1)
Earnings (loss) before income taxes	17.7	8.4
Net earnings (loss)	17.7	8.4
Subsidiary Guarantors
Revenues
Revenues	803.8	793.9
Operating costs and expenses
Operating expense (income)	225.4	220.1
Rent	107.5	123.3
General and administrative:
Merger, acquisition and transaction costs	4	40.3
Other	26.3	22
Depreciation and amortization	69.8	72.7
Operating costs and expenses	730.1	785.9
Operating income (loss)	73.7	8
Other expense (income)
Equity in (earnings) loss of AMC Entertainment Inc.	(23.3)	(37.5)
Other expense (income)	(0.2)	(2.6)
Interest expense:
Corporate borrowings	62.7	48.3
Capital and financing lease obligations	1.8	2
Non-cash interest expense related to NCM exhibitor service agreement	10.5
Equity in (earnings) loss of non-consolidated entities	10.1	2
Investment (income) expense	(10.3)	(5.3)
Total other expense	51.3	6.9
Earnings (loss) before income taxes	22.4	1.1
Income tax provision (benefit)	1.1	(10.3)
Net earnings (loss)	21.3	11.4
Subsidiary Non-Guarantors
Revenues
Revenues	579.8	487.5
Operating costs and expenses
Operating expense (income)	186.5	136.3
Rent	82.2	67.1
General and administrative:
Merger, acquisition and transaction costs	0.7	(0.1)
Other	17.9	11.7
Depreciation and amortization	60.7	52.6
Operating costs and expenses	543.6	439.5
Operating income (loss)	36.2	48
Other expense (income)
Other expense (income)	1.4
Interest expense:
Corporate borrowings	1	0.6
Capital and financing lease obligations	8.5	8.8
Equity in (earnings) loss of non-consolidated entities	(1.1)	0.3
Investment (income) expense	(0.5)	(0.3)
Total other expense	9.3	9.4
Earnings (loss) before income taxes	26.9	38.6
Income tax provision (benefit)	3.6	1.1
Net earnings (loss)	23.3	37.5
Admissions
Revenues
Revenues	875	817.5
Operating costs and expenses
Operating costs and expenses	426.5	419.6
Admissions | Subsidiary Guarantors
Revenues
Revenues	497.1	501.9
Operating costs and expenses
Operating costs and expenses	260.7	273.9
Admissions | Subsidiary Non-Guarantors
Revenues
Revenues	377.9	315.6
Operating costs and expenses
Operating costs and expenses	165.8	145.7
Food and beverage
Revenues
Revenues	405.8	397.6
Operating costs and expenses
Operating costs and expenses	66.2	59.8
Food and beverage | Subsidiary Guarantors
Revenues
Revenues	245.7	249.9
Operating costs and expenses
Operating costs and expenses	36.4	33.6
Food and beverage | Subsidiary Non-Guarantors
Revenues
Revenues	160.1	147.7
Operating costs and expenses
Operating costs and expenses	29.8	26.2
Total other theatre
Revenues
Revenues	102.8	66.3
Total other theatre | Subsidiary Guarantors
Revenues
Revenues	61	42.1
Total other theatre | Subsidiary Non-Guarantors
Revenues
Revenues	$ 41.8	$ 24.2

CONDENSED CONSOLIDATING FINAN68

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net earnings (loss)	$ 17.7	$ 8.4
Unrealized foreign currency translation adjustment, net of tax	11.7	(2.2)
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	(1.2)
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax		0.1
Marketable securities:
Unrealized holding gains arising during the period, net of tax		0.2
Equity method investees' cash flow hedge:
Unrealized holding gains arising during the period	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax	(0.2)
Other comprehensive income (loss), net of tax	10.5	(1.9)
Total comprehensive income (loss)	28.2	6.5
Consolidating Adjustments
Net earnings (loss)	(44.6)	(48.9)
Equity in other comprehensive income (loss) of subsidiaries	(26.2)	4.1
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	(26.2)	4.1
Total comprehensive income (loss)	(70.8)	(44.8)
AMCE
Net earnings (loss)	17.7	8.4
Equity in other comprehensive income (loss) of subsidiaries	10.5	(1.9)
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	10.5	(1.9)
Total comprehensive income (loss)	28.2	6.5
Subsidiary Guarantors
Net earnings (loss)	21.3	11.4
Equity in other comprehensive income (loss) of subsidiaries	15.7	(2.2)
Unrealized foreign currency translation adjustment, net of tax	(5.2)
Pension and other benefit adjustments:
Amortization of net (gain) loss reclassified into general and administrative: other, net of tax		0.1
Marketable securities:
Unrealized holding gains arising during the period, net of tax		0.2
Equity method investees' cash flow hedge:
Unrealized holding gains arising during the period	0.2
Realized net loss (gain) reclassified into equity in earnings of non-consolidated entities, net of tax	(0.2)
Other comprehensive income (loss), net of tax	10.5	(1.9)
Total comprehensive income (loss)	31.8	9.5
Subsidiary Non-Guarantors
Net earnings (loss)	23.3	37.5
Unrealized foreign currency translation adjustment, net of tax	16.9	(2.2)
Pension and other benefit adjustments:
Net loss arising during the period, net of tax	(1.2)
Equity method investees' cash flow hedge:
Other comprehensive income (loss), net of tax	15.7	(2.2)
Total comprehensive income (loss)	$ 39	$ 35.3

CONDENSED CONSOLIDATING FINAN69

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 300.9		$ 310
Restricted cash	11.6		8.3
Receivables, net	167.1		271.5
Assets held for sale	54.4		80
Other current assets	204.1		202.6
Total current assets	738.1		872.4
Property, net	3,091.3		3,116.5
Intangible assets, net	378		380.5
Goodwill	4,944.2		4,931.7
Deferred tax asset, net	28.2		28.9
Other long-term assets	505.9	$ 487	475.9
Total assets	9,685.7		9,805.9
Current liabilities:
Accounts payable	454.2		569.6
Accrued expenses and other liabilities	348.5		351.1
Deferred revenues and income	332.9	391	401
Current maturities of corporate borrowings and capital and financing lease obligations	86.6		87.7
Total current liabilities	1,222.2		1,409.4
Corporate borrowings, noncurrent, carrying value	4,244.1		4,220.1
Capital and financing lease obligations	573.1		578.9
Exhibitor services agreement	575	$ 583.8	530.9
Deferred tax liability, net	48.5		49.6
Other long-term liabilities	937.5		903.8
Total liabilities	7,600.4		7,692.7
Temporary equity	0.5		0.8
Total stockholders' equity	2,084.8		2,112.4
Total liabilities and stockholders' equity	9,685.7		9,805.9
Consolidating Adjustments
Current assets:
Investment in equity of subsidiaries	(2,413.7)		(3,964)
Deferred tax asset, net	(68.7)		(68.7)
Total assets	(2,482.4)		(4,032.7)
Current liabilities:
Deferred tax liability, net	(68.7)		(68.7)
Total liabilities	(68.7)		(68.7)
Total stockholders' equity	(2,413.7)		(3,964)
Total liabilities and stockholders' equity	(2,482.4)		(4,032.7)
AMCE
Current assets:
Cash and cash equivalents	1.1		1.1
Receivables, net	(0.4)		0.4
Total current assets	0.7		1.5
Investment in equity of subsidiaries	859.6		2,450.6
Intercompany advances	5,535.2		3,914.1
Goodwill	(2.1)		(2.1)
Other long-term assets	5.3		5.8
Total assets	6,398.7		6,369.9
Current liabilities:
Accrued expenses and other liabilities	56.9		24.2
Current maturities of corporate borrowings and capital and financing lease obligations	13.8		13.8
Total current liabilities	70.7		38
Corporate borrowings, noncurrent, carrying value	4,242.7		4,218.7
Total liabilities	4,313.4		4,256.7
Temporary equity	0.5		0.8
Total stockholders' equity	2,084.8		2,112.4
Total liabilities and stockholders' equity	6,398.7		6,369.9
Subsidiary Guarantors
Current assets:
Cash and cash equivalents	62.7		85
Receivables, net	98.7		186.4
Assets held for sale	54.4		80
Other current assets	121.4		118
Total current assets	337.2		469.4
Investment in equity of subsidiaries	1,554.1		1,513.4
Property, net	1,574.8		1,591.1
Intangible assets, net	216.6		218.9
Intercompany advances	(3,461.9)		(1,893.3)
Goodwill	2,422.1		2,422.1
Other long-term assets	345.8		326.5
Total assets	2,988.7		4,648.1
Current liabilities:
Accounts payable	304.3		373.7
Accrued expenses and other liabilities	148.9		165.3
Deferred revenues and income	236.3		270.8
Current maturities of corporate borrowings and capital and financing lease obligations	11.6		11.8
Total current liabilities	701.1		821.6
Corporate borrowings, noncurrent, carrying value	1.4		1.4
Capital and financing lease obligations	71.1		73.5
Exhibitor services agreement	575		530.9
Deferred tax liability, net	85.3		85.3
Other long-term liabilities	695.2		684.8
Total liabilities	2,129.1		2,197.5
Total stockholders' equity	859.6		2,450.6
Total liabilities and stockholders' equity	2,988.7		4,648.1
Subsidiary Non-Guarantors
Current assets:
Cash and cash equivalents	237.1		223.9
Restricted cash	11.6		8.3
Receivables, net	68.8		84.7
Other current assets	82.7		84.6
Total current assets	400.2		401.5
Property, net	1,516.5		1,525.4
Intangible assets, net	161.4		161.6
Intercompany advances	(2,073.3)		(2,020.8)
Goodwill	2,524.2		2,511.7
Deferred tax asset, net	96.9		97.6
Other long-term assets	154.8		143.6
Total assets	2,780.7		2,820.6
Current liabilities:
Accounts payable	149.9		195.9
Accrued expenses and other liabilities	142.7		161.6
Deferred revenues and income	96.6		130.2
Current maturities of corporate borrowings and capital and financing lease obligations	61.2		62.1
Total current liabilities	450.4		549.8
Capital and financing lease obligations	502		505.4
Deferred tax liability, net	31.9		33
Other long-term liabilities	242.3		219
Total liabilities	1,226.6		1,307.2
Total stockholders' equity	1,554.1		1,513.4
Total liabilities and stockholders' equity	$ 2,780.7		$ 2,820.6

CONDENSED CONSOLIDATING FINAN70

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Details) kr in Millions, $ in Millions	Mar. 28, 2017SEK (kr)	Mar. 28, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Net change in operating activities:
Net cash provided by operating activities			$ 165.4	$ 172.5
Cash flows from investing activities:
Capital expenditures			(107.3)	(161.3)
Proceeds from disposition of long-term assets			3.8	4
Investments in non-consolidated entities, net			(10.7)	(0.3)
Other, net			(0.6)	(1.6)
Net cash provided by (used in) investing activities			(114.8)	(743.5)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock				617.5
Principal payment of Loan				(350)
Principal payments under term loan			(3.5)	(2.2)
Principal payments under capital and financing lease obligations			(17.9)	(19.7)
Cash used to pay for deferred financing costs				(27.5)
Cash used to pay dividends			(25.8)	(26.2)
Taxes paid for restricted unit withholdings			(1.7)	(6.5)
Purchase of treasury stock			(13.5)
Net cash provided by (used in) financing activities			(62.4)	674.3
Effect of exchange rate changes on cash and cash equivalents and restricted cash			6	2.9
Net increase (decrease) in cash, cash equivalents, and restricted cash			(5.8)	106.2
Cash and cash equivalents, and restricted cash at beginning of period			318.3	230.2
Cash and cash equivalents, and restricted cash at end of period			312.5	336.4
Nordic
Cash flows from investing activities:
Acquisition	kr (5,756)	$ (654.9)		(584.4)
Carmike
Cash flows from investing activities:
Acquisition				0.1
6.375% Senior Subordinated Notes due 2024
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes				327.8
6.125% Senior Subordinated Notes due 2027
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes				475
Term Loan Facility (SEK)
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(144.4)
Principal payments under term loan				(144.4)
Term Loan facility (EUR)
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(169.5)
Principal payments under term loan				(169.5)
AMCE
Net change in operating activities:
Net cash provided by operating activities			46.8	29.8
Cash flows from financing activities:
Proceeds from Issuance of Common Stock				617.5
Principal payment of Loan				(350)
Principal payments under term loan			(3.5)	(2.2)
Cash used to pay for deferred financing costs				(27.5)
Cash used to pay dividends			(25.8)	(26.2)
Taxes paid for restricted unit withholdings			(1.7)	(6.5)
Purchase of treasury stock			(13.5)
Change in intercompany advances			(27.5)	(716.7)
Net cash provided by (used in) financing activities			(72)	(22.7)
Effect of exchange rate changes on cash and cash equivalents and restricted cash			25.2	9.1
Net increase (decrease) in cash, cash equivalents, and restricted cash				16.2
Cash and cash equivalents, and restricted cash at beginning of period			1.1	3
Cash and cash equivalents, and restricted cash at end of period			1.1	19.2
AMCE | 6.375% Senior Subordinated Notes due 2024
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes				327.8
AMCE | 6.125% Senior Subordinated Notes due 2027
Cash flows from financing activities:
Proceeds from issuance of Senior Subordinated Notes				475
AMCE | Term Loan Facility (SEK)
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(144.4)
AMCE | Term Loan facility (EUR)
Cash flows from financing activities:
Payments of Senior Subordinated Notes				(169.5)
Subsidiary Guarantors
Net change in operating activities:
Net cash provided by operating activities			81.1	43.1
Cash flows from investing activities:
Capital expenditures			(58.5)	(121.9)
Proceeds from disposition of long-term assets			0.2	0.5
Investments in non-consolidated entities, net			(10.7)	(0.3)
Other, net			(0.9)	(1.6)
Net cash provided by (used in) investing activities			(69.9)	(778.2)
Cash flows from financing activities:
Principal payments under capital and financing lease obligations			(2.5)	(2.3)
Change in intercompany advances			(5.5)	738.6
Net cash provided by (used in) financing activities			(8)	736.3
Effect of exchange rate changes on cash and cash equivalents and restricted cash			(25.5)	(6.9)
Net increase (decrease) in cash, cash equivalents, and restricted cash			(22.3)	(5.7)
Cash and cash equivalents, and restricted cash at beginning of period			85	94.7
Cash and cash equivalents, and restricted cash at end of period			62.7	89
Subsidiary Guarantors | Nordic
Cash flows from investing activities:
Acquisition				(654.9)
Subsidiary Non-Guarantors
Net change in operating activities:
Net cash provided by operating activities			37.5	99.6
Cash flows from investing activities:
Capital expenditures			(48.8)	(39.4)
Proceeds from disposition of long-term assets			3.6	3.5
Other, net			0.3
Net cash provided by (used in) investing activities			(44.9)	34.7
Cash flows from financing activities:
Principal payments under capital and financing lease obligations			(15.4)	(17.4)
Change in intercompany advances			33	(21.9)
Net cash provided by (used in) financing activities			17.6	(39.3)
Effect of exchange rate changes on cash and cash equivalents and restricted cash			6.3	0.7
Net increase (decrease) in cash, cash equivalents, and restricted cash			16.5	95.7
Cash and cash equivalents, and restricted cash at beginning of period			232.2	132.5
Cash and cash equivalents, and restricted cash at end of period			$ 248.7	228.2
Subsidiary Non-Guarantors | Nordic
Cash flows from investing activities:
Acquisition				70.5
Subsidiary Non-Guarantors | Carmike
Cash flows from investing activities:
Acquisition				$ 0.1