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Revenue from Contract with Customer

Revenue Recognition

Transaction Price Allocated to Future Performance Obligations

As of March 31, 2019, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to remaining performance obligations was not material to our consolidated revenues.

Contract Balances from Contracts with Customers

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.



(In thousands)	March 31, 2019		December 31, 2018
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,029,236	$	1,018,105
Contract assets, short-term (included in Other current assets)	14,616		9,131
Contract assets, long-term (included in Other assets)	8,696		8,136
Contract liabilities (Deferred revenue)	51,261		55,424

Revenue recognized for the three months ended March 31, 2019 relating to the contract liability at December 31, 2018 was $7.1 million.

Net Income per Share

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Net Income per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019	2018
Basic weighted average common shares outstanding	56,588	60,967
Effect of dilution:
Stock options	33	—
Restricted stock units	1,104	752
Diluted weighted average common shares outstanding	57,725	61,719

Approximately 1.5 million and 0.2 million restricted stock units outstanding as of March 31, 2019 and March 31, 2018, respectively, have been excluded from diluted weighted average common shares outstanding since a performance condition for these awards was not met in each of the respective periods. For the three months ended March 31, 2018, there were 0.4 million stock options and 0.2 million restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding.

Stock Repurchase Program

The Company's Board of Directors has authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established closing date and may be suspended or discontinued at any time. For the three months ended March 31, 2019, the Company repurchased 18 thousand shares of its Class A Common Stock at an average purchase price of approximately $53.82 per share. As of March 31, 2019, the Company has $558.4 million available for repurchase under the Stock Repurchase Program.

Restructuring

3 Months Ended

Mar. 31, 2019

Restructuring

During 2018, management commenced a restructuring initiative designed to reduce the cost structure of the Company. The restructuring was intended to improve organizational design of the Company through the elimination of certain roles, a reduction in the grade of certain roles, an increase in the span of responsibilities of certain senior managers, and the realignment of certain senior leaders to new or additional responsibilities.

Restructuring expense of $2.6 million for the three months ended March 31, 2019 primarily related to charges incurred at AMCNI for costs associated with the termination of distribution in certain territories.

The following table summarizes the accrued restructuring costs:



(In thousands)	Severance and employee-related costs			Other exit costs			Total
Balance at December 31, 2018	$	33,774		$	1,415		$	35,189
Charges	1,075			1,567			2,642
Cash payments	(17,089		)	(333		)	(17,422		)
Non-cash adjustments	(737		)	(2,577		)	(3,314		)
Currency translation	45			36			81
Balance at March 31, 2019	$	17,068		$	108		$	17,176

Accrued restructuring costs of $11.7 million are included in accrued liabilities and $5.4 million are included in other liabilities (long-term) in the consolidated balance sheet at March 31, 2019.

Business Combinations

3 Months Ended

Mar. 31, 2019

Business Combination Disclosure

Business Combinations

RLJ Entertainment

In October 2018, the Company acquired a controlling interest in RLJE, a premium subscription streaming services company that operates Acorn TV and UMC. Acorn TV features high-quality British and International mysteries and dramas. UMC showcases quality urban programming including feature films, documentaries, original series, stand-up comedy and other exclusive content

for African-American and urban audiences. In addition, RLJE owns a majority interest in Agatha Christie Ltd., a popular world-class franchise.

RLJE also controls, co-produces, and either owns or has long-term distribution rights to a large library of content primarily consisting of British mysteries and dramas, independent feature films and urban content. In addition to supporting its streaming services, the company monetizes its library through distribution operations across virtually all available media platforms and is distributed in the United States, Canada, U.K. and Australia.

The Company accounted for the acquisition of RLJE using the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their estimated respective fair values as of the closing date of the acquisition. Goodwill recognized in connection with this transaction represents primarily the potential economic benefits that the Company believes may arise from the acquisition. The goodwill associated with the RLJE acquisition is generally not deductible for tax purposes.

The acquisition accounting for RLJE as reflected in these consolidated financial statements is preliminary and based on current estimates and currently available information, and is subject to revision based on final determinations of fair value and final allocations of purchase price to the identifiable assets and liabilities acquired. The primary estimated fair values that are not yet finalized relate to the valuation of intangible assets, other assets, current and noncurrent liabilities, and redeemable noncontrolling interests.

The following table summarizes the preliminary valuation of the tangible and identifiable intangible assets acquired and liabilities assumed as of October 1, 2018, the date the Company obtained a controlling interest (in thousands).



Fair value of equity consideration transferred	$	41,513
Fair value of previously held equity interest	130,890
Fair value of redeemable noncontrolling interest	103,359
	$	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Programming rights	69,775
Property and equipment	2,841
Other assets (equity method investments)	36,700
Intangible assets	126,600
Accounts payable	(12,008		)
Accrued liabilities	(41,501		)
Debt	(25,187		)
	177,859
Goodwill	97,903
	$	275,762

Levity Entertainment Group LLC

On April 20, 2018, the Company acquired a 57% controlling interest in Levity, a production services and comedy venues company, for a total purchase price of $48.4 million. The purchase price consisted of a $35.0 million payment for the outstanding Class B Common Units of Levity and the acquisition of Series L Preferred Units for $13.4 million. The Company has entered into arrangements with the noncontrolling members related to the governance of Levity following the acquisition. The Company views this acquisition as complementary to its business and programming content strategy.

The Company accounted for the acquisition of Levity using the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their estimated respective fair values as of the closing date of the acquisition. Goodwill recognized in connection with this transaction represents primarily the potential economic benefits that the Company believes may arise from the acquisition. The goodwill associated with the Levity acquisition is generally deductible for tax purposes.

The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands).



Cash paid for controlling interest	$	48,350
Redeemable noncontrolling interest	30,573
	$	78,923
Allocation to net assets acquired:
Cash	13,471
Other current assets	17,251
Property and equipment	20,663
Intangible assets	46,413
Other noncurrent assets	3,306
Current liabilities	(23,647		)
Noncurrent liabilities	(21,394		)
Noncontrolling interests acquired	(1,354		)
Fair value of net assets acquired	54,709
Goodwill	24,214
	$	78,923

Unaudited Pro forma financial information

The following unaudited pro forma financial information is based on (i) the historical financial statements of AMC Networks, (ii) the historical financial statements of RLJE and (iii) the historical financial statements of Levity and is intended to provide information about how the acquisitions may have affected the Company's historical consolidated financial statements if they had occurred as of January 1, 2018. The unaudited pro forma information has been prepared for comparative purposes only and includes adjustments for estimated additional depreciation and amortization expense as a result of tangible and identifiable intangible assets acquired. The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.



(In thousands, except per share data)	Pro Forma Financial Information For the Three Months Ended March 31, 2018
(In thousands, except per share data)
Revenues, net	$	799,137
Income from operations before income taxes	$	148,210
Net income per share, basic	$	2.43
Net income per share, diluted	$	2.40

Investments	3 Months Ended
Investments	Mar. 31, 2019
Investments [Abstract]
Investments	Investments The Company holds several investments and loans in non-consolidated entities which are included in Other assets in the condensed consolidated balance sheet. Equity method investments were $85.8 million at March 31, 2019 and $90.9 million at December 31, 2018. Marketable Equity Securities The Company classifies publicly traded investments with readily determinable fair values that are not accounted for under the equity method as marketable equity securities. Marketable equity securities are recorded at cost and adjusted to fair value at each reporting period. The changes in fair value between measurement dates are recorded in realized and unrealized gains (losses) on equity securities, included in Miscellaneous, net in the condensed consolidated statement of income. Investments in marketable equity securities were $1.4 million at March 31, 2019 and $1.2 million at December 31, 2018. Non-marketable Equity Securities The Company classifies investments without readily determinable fair values that are not accounted for under the equity method as non-marketable equity securities. The accounting guidance requires non-marketable equity securities to be recorded at cost and adjusted to fair value at each reporting period. However, the guidance allows for a measurement alternative, which is to record the investments at cost, less impairment, if any, and subsequently adjust for observable price changes of identical or similar investments of the same issuer. The Company applies this measurement alternative to its non-marketable equity securities. When an observable event occurs, the Company estimates the fair values of its non-marketable equity securities based on Level 2 inputs that are derived from observable price changes of similar securities adjusted for insignificant differences in rights and obligations. The changes in value are recorded in realized and unrealized gains (losses) on equity securities, included in Miscellaneous, net in the condensed consolidated statement of income. Investments in non-marketable equity securities were $61.8 million at March 31, 2019 and $71.8 million at December 31, 2018. For the three months ended March 31, 2019, the Company recognized impairment charges of $17.7 million related to the partial write-down of certain non-marketable equity securities and a note receivable, included in Miscellaneous, net in the condensed consolidated statement of income.

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The carrying amount of goodwill, by operating segment is as follows:



(In thousands)	National Networks			International and Other			Total
December 31, 2018	$	238,431		$	559,606		$	798,037
Puchase accounting adjustments	—			(1,748		)	(1,748		)
Amortization of "second component" goodwill	(332		)	—			(332		)
Foreign currency translation	—			1,836			1,836
March 31, 2019	$	238,099		$	559,694		$	797,793

Purchase accounting adjustments relate to the acquisition of RLJE (see Note 5).

The reduction of $0.3 million in the carrying amount of goodwill for the National Networks is due to the realization of a tax benefit for the amortization of "second component" goodwill at SundanceTV. Second component goodwill is the amount of tax deductible goodwill in excess of goodwill for financial reporting purposes. In accordance with the authoritative guidance at the time of the SundanceTV acquisition, the tax benefits associated with this excess are applied to first reduce the amount of goodwill, and then other intangible assets for financial reporting purposes, if and when such tax benefits are realized in the Company's tax returns.

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907

Aggregate amortization expense for amortizable intangible assets for the three months ended March 31, 2019 and 2018 was $10.3 million and $9.3 million, respectively. Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:



(In thousands)
Years Ending December 31,
2019	$	44,784
2020	47,216
2021	46,422
2022	46,159
2023	46,076

Accrued Liabilities

3 Months Ended

Mar. 31, 2019

Accrued Liabilities

Accrued liabilities consist of the following:



(In thousands)	March 31, 2019		December 31, 2018
Interest	$	40,066	$	30,018
Employee related costs	58,202		100,729
Income taxes payable	41,425		1,527
Other accrued expenses	110,257		132,644
Total accrued liabilities	$	249,950	$	264,918

Long-term Debt

3 Months Ended

Mar. 31, 2019

Long-term Debt

The Company's long-term debt consists of the following:



(In thousands)	March 31, 2019			December 31, 2018
Senior Secured Credit Facility: ^(a)
Term Loan A Facility	$	750,000		$	750,000
Senior Notes:
4.75% Notes due August 2025	800,000			800,000
5.00% Notes due April 2024	1,000,000			1,000,000
4.75% Notes due December 2022	600,000			600,000
Other debt	2,000			2,584
Total long-term debt	3,152,000			3,152,584
Unamortized discount	(28,010		)	(29,181		)
Unamortized deferred financing costs	(13,065		)	(13,848		)
Long-term debt, net	3,110,925			3,109,555
Current portion of long-term debt	30,125			21,334
Noncurrent portion of long-term debt	$	3,080,800		$	3,088,221

(a)

The Company's $500 million revolving credit facility remains undrawn at March 31, 2019. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

Leases

3 Months Ended

Mar. 31, 2019

Certain subsidiaries of the Company lease office space and equipment under long-term non-cancelable lease agreements which expire at various dates through 2034. Leases with an initial term of 12 months or less are not recorded on the balance sheet, instead the lease expense is recorded on a straight-line basis over the lease term. For lease agreements entered into, we combine lease and non-lease components. Some leases include options to extend the lease term or terminate the lease prior to the end of the lease term. The exercise of lease renewal options is at the Company's sole discretion, as such, these options are generally not recognized as part of our right-of-use asset or lease liabilities. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

The leases generally provide for fixed annual rentals plus certain other costs or credits. Some leases include rental payments based on a percentage of revenue over contractual levels or based on an index or rate. Our lease agreements do not include any material residual value guarantees or material restrictive covenants. We rent or sublease one real estate property to a third party, which constitutes an immaterial portion of our lease portfolio.

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date. Upon transition to ASC Topic 842, the Company used the incremental borrowing rate on January 1, 2019 for all operating leases that commenced prior to that date.

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

Fair Value Measurement

3 Months Ended

Mar. 31, 2019

Fair Value Measurement

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity's pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels:


•	Level I - Quoted prices for identical instruments in active markets.


•	Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.


•	Level III - Instruments whose significant value drivers are unobservable.

The following table presents for each of these hierarchy levels, the Company's financial assets and liabilities that are measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018:



(In thousands)	Level I		Level II		Level III		Total
At March 31, 2019:
Assets
Cash equivalents	$	120,119	$	—	$	—	$	120,119
Marketable securities	1,405		—		—		1,405
Foreign currency derivatives	—		2,957		—		2,957
Liabilities
Interest rate swap contracts	$	—	$	995	$	—	$	995
Foreign currency derivatives	—		$	2,247	$	—	2,247
At December 31, 2018:
Assets
Cash equivalents	$	68,498	$	—	$	—	$	68,498
Marketable securities	1,173		—		—		1,173
Foreign currency derivatives	—		3,509		—		3,509
Liabilities
Interest rate swap contracts	$	—	$	356	$	—	$	356
Foreign currency derivatives	—		$	3,121	$	—	3,121

The Company's cash equivalents and marketable securities are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.

The Company's interest rate swap contracts and foreign currency derivatives are classified within Level II of the fair value hierarchy as their fair values are determined based on a market approach valuation technique that uses readily observable market parameters and the consideration of counterparty risk.

For the three months ended March 31, 2018, the Company recorded a gain of $8.1 million related to the RLJE Warrants which is included in Miscellaneous, net in the condensed consolidated statement of income.

At March 31, 2019, the Company does not have any assets or liabilities measured at fair value on a recurring basis that would be considered Level III.

Fair value measurements are also used in nonrecurring valuations performed in connection with acquisition accounting. These nonrecurring valuations primarily include the valuation of affiliate and customer relationships intangible assets, advertiser relationship intangible assets and property and equipment. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level III of the fair value hierarchy.

Credit Facility Debt and Senior Notes

The fair values of each of the Company's debt instruments are based on quoted market prices for the same or similar issues or on the current rates offered to the Company for instruments of the same remaining maturities.

The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:



(In thousands)	March 31, 2019
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	740,352	$	736,875
4.75% Notes due August 2025	786,894		794,000
5.00% Notes due April 2024	986,838		1,004,900
4.75% Notes due December 2022	594,841		606,750
Other debt	$	2,000	$	2,000
	$	3,110,925	$	3,142,525



(In thousands)	December 31, 2018
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	739,710	$	738,750
4.75% Notes due August 2025	786,458		720,000
5.00% Notes due April 2024	986,275		947,500
4.75% Notes due December 2022	594,528		580,500
Other debt	$	2,584	$	2,584
	$	3,109,555	$	2,989,334

Fair value estimates related to the Company's debt instruments presented above are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgments and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2019

Derivative Financial Instruments

Interest Rate Risk

To manage interest rate risk, the Company enters into interest rate swap contracts to adjust the amount of total debt that is subject to variable interest rates.

As of March 31, 2019, the Company had interest rate swap contracts outstanding with notional amounts aggregating $100.0 million that are designated as hedging instruments. The Company's outstanding interest rate swap contracts mature in December 2021.

Foreign Currency Exchange Rate Risk

We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than our or our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain accounts payable and trade receivables (including intercompany amounts) that are denominated in a currency other than the applicable functional currency.

The fair values of the Company's derivative financial instruments not designated as hedging instruments included in the condensed consolidated balance sheets are as follows:



(In thousands)	Balance Sheet Location	March 31, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Liabilities:
Interest rate swap contracts	Accrued liabilities	$	995	$	356
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	1,270	$	1,452
Foreign currency derivatives	Other assets	1,687		2,057
Liabilities:
Foreign currency derivatives	Accrued liabilities	$	597	$	700
Foreign currency derivatives	Other liabilities	1,650		2,421

The amounts of gains and losses related to the Company's derivative financial instruments designated as hedging instruments are as follows:



(In thousands)	Gain or (Loss) on Derivatives Recognized in OCI					Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified from Accumulated OCI into Earnings
	Three Months Ended March 31,						Three Months Ended March 31,
	2019			2018			2019		2018
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(651	)	$	—	Interest expense	$	12	$	—

The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:



(In thousands)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2019		2018
Interest rate swap contracts	Interest expense	$	—	$	(146	)
Foreign currency derivatives	Miscellaneous, net	457		(293		)
Other derivatives	Miscellaneous, net	—		11,687
Total		$	457	$	11,248

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2019, income tax expense was $46.5 million, representing an effective tax rate of 24%. The effective tax rate differs from the federal statutory rate of 21% due primarily to state income tax expense of $3.2 million. For the three months ended March 31, 2018, income tax expense was $56.9 million, representing an effective tax rate of 26%. The effective tax rate differs from the federal statutory rate of 21% due primarily to tax expense of $16.4 million for an increase in valuation allowances for foreign taxes and U.S. foreign tax credits, tax benefit of $8.3 million for the one-time rate change on deferred tax assets and liabilities that resulted from the extension of certain television production cost deductions included in the Bipartisan Budget Act of 2018 (enacted February 9, 2018), tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $4.9 million and state income tax expense of $3.8 million. At March 31, 2019, the Company had foreign tax credit carry forwards of approximately $25.3 million, expiring on various dates from 2022 through 2029. These carryforwards have been reduced by a valuation allowance of $25.3 million as it is more likely than not that these carry forwards will not be realized. For the three months ended March 31, 2019, $0.3 million relating to amortization of tax deductible second component goodwill was realized as a reduction in tax liability (as determined on a 'with-and-without' approach).

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of March 31, 2019, the Company's contractual obligations not reflected on the Company's condensed consolidated balance sheet decreased $200.7 million, as compared to December 31, 2018, to $923.1 million. The decrease relates to the adoption of the new lease standard requiring the recognition of operating leases on the balance sheet rather than disclosed as contractual obligations. Legal Matters On December 17, 2013, Frank Darabont ("Darabont"), Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC (together, the "2013 Plaintiffs"), filed a complaint in New York Supreme Court in connection with Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead and the agreement between the parties related thereto. The Plaintiffs asserted claims for breach of contract, breach of the covenant of good faith and fair dealing, for an accounting and for declaratory relief. On August 19, 2015, Plaintiffs filed their First Amended Complaint (the "Amended Complaint"), in which they retracted their claims for wrongful termination and failure to apply production tax credits in calculating Plaintiffs' contingent compensation. Plaintiffs also added a claim that Darabont is entitled to a larger share, on a percentage basis, of contingent compensation than he is currently being accorded. On September 26, 2016, Plaintiffs filed their note of issue and certificate of readiness for trial, which included a claim for damages of no less than $280 million. The parties each filed motions for summary judgment. Oral arguments of the summary judgment motions took place on September 15, 2017. On April 19, 2018, the Court granted the Company’s motion for leave to submit supplemental summary judgment briefing. A hearing on the supplemental summary judgment submissions was held on June 13, 2018. On December 10, 2018, the Court denied Plaintiffs' motion for partial summary judgment and granted in part Defendants' motion for summary judgment, dismissing four of Plaintiffs' causes of action. The Company believes that the remaining claims are without merit, denies the allegations and continues to defend the case vigorously. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. On January 18, 2018, the 2013 Plaintiffs filed a second action in New York Supreme Court in connection with Darabont’s services on The Walking Dead television series and agreements between the parties related thereto. The claims in the action allegedly arise from Plaintiffs' audit of their participation statements covering the accounting period from inception of The Walking Dead through September 30, 2014. Plaintiffs seek no less than $20 million in damages on claims for breach of contract, breach of the covenant of good faith and fair dealing, and declaratory relief. The Company filed an Answer to the Complaint on April 16, 2018. On August 30, 2018, Plaintiff's filed an Amended Compliant, and on September 19, 2018, the Company answered. The parties have agreed to consolidate this action for a joint trial with the action Plaintiffs filed in the New York Supreme Court on December 17, 2013. The trial is scheduled to begin on May 4, 2020. The Company believes that the asserted claims are without merit, denies the allegations and will defend the case vigorously. The parties in the second action are presently engaged in fact discovery. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. On August 14, 2017, Robert Kirkman, Robert Kirkman, LLC, Glen Mazzara, 44 Strong Productions, Inc., David Alpert, Circle of Confusion Productions, LLC, New Circle of Confusion Productions, Inc., Gale Anne Hurd, and Valhalla Entertainment, Inc. f/k/a Valhalla Motion Pictures, Inc. (together, the "California Plaintiffs") filed a complaint in California Superior Court in connection with California Plaintiffs’ rendering of services as writers and producers of the television series entitled The Walking Dead, as well as Fear the Walking Dead and/or Talking Dead, and the agreements between the parties related thereto (the "California Action"). The California Plaintiffs asserted that the Company has been improperly underpaying the California Plaintiffs under their contracts with the Company and they assert claims for breach of contract, breach of the covenant of good faith and fair dealing, inducing breach of contract, and liability for violation of Cal. Bus. & Prof. Code § 17200. On August 15, 2017, two of the California Plaintiffs, Gale Anne Hurd and David Alpert (and their associated loan-out companies), along with Charles Eglee and his loan-out company, United Bongo Drum, Inc., filed a complaint in New York Supreme Court alleging nearly identical claims as the California Action (the "New York Action"). Hurd, Alpert, and Eglee filed the New York Action in connection with their contract claims involving The Walking Dead because their agreements contained exclusive New York jurisdiction provisions. On October 23, 2017, the parties stipulated to discontinuing the New York Action without prejudice and consolidating all of the claims in the California Action. The California Plaintiffs seek compensatory and punitive damages and restitution. The Company filed an Answer on April 30, 2018 and believes that the asserted claims are without merit and will vigorously defend against them. The parties are presently engaged in fact discovery. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. The Company is party to various lawsuits and claims in the ordinary course of business, including the matters described above. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company's results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Equity Plans	3 Months Ended
Equity Plans	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Plans	Equity Plans In March 2019, AMC Networks granted 498,320 restricted stock units ("RSUs") and 390,566 performance restricted stock units ("PRSUs") to certain executive officers and employees under the AMC Networks Inc. 2016 Employee Stock Plan. The RSUs vest ratably over a three-year period and the vesting criteria for 165,194 RSUs include the achievement of certain performance targets by the Company. The PRSUs vest on the third anniversary of the grant date. The target number of PRSUs granted represents the right to receive a corresponding number of shares, subject to adjustment based on the performance of the Company against target performance criteria for a three-year period. The number of shares issuable at the end of the applicable measurement period ranges from 0% to 200% of the target PRSU award. During the three months ended March 31, 2019, 518,583 RSUs and 349,761 PRSUs of AMC Networks Class A Common Stock previously issued to employees of the Company vested. On the vesting date, 217,265 RSUs and 150,771 PRSUs were surrendered to the Company to cover the required statutory tax withholding obligations and 301,318 RSU and 198,990 PRSU new shares of AMC Networks Class A Common Stock were issued. The units surrendered to satisfy the employees' statutory minimum tax withholding obligations for the applicable income and other employment tax had an aggregate value of $23.0 million, which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2019. Share-based compensation expense included in selling, general and administrative expense, for the three months ended March 31, 2019 and March 31, 2018 was $19.9 million, and $15.3 million, respectively. As of March 31, 2019, there was $120.1 million of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted-average remaining period of approximately 2.5 years.

Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2019

Redeemable Noncontrolling Interests

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2019.



(In thousands)	Three Months Ended March 31, 2019
December 31, 2018	$	299,558
Net earnings	5,819
Distributions	(5,268		)
Other	(307		)
March 31, 2019	$	299,802

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its related parties routinely enter into transactions with each other in the ordinary course of business. Revenues, net from related parties amounted to $1.2 million and $1.6 million for the three months ended March 31, 2019 and March 31, 2018, respectively. Amounts charged to the Company, included in selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $0.7 million and $0.5 million for the three months ended March 31, 2019 and 2018, respectively.

Cash Flows

3 Months Ended

Mar. 31, 2019

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Cash Flows

The Company's non-cash investing and financing activities and other supplemental data are as follows:



(In thousands)	Three Months Ended March 31,
	2019		2018
Non-Cash Investing and Financing Activities:
Capital expenditures incurred but not yet paid	$	2,216	$	6,070
Treasury stock not yet settled	—		9,980
Supplemental Data:
Cash interest paid	28,235		25,634
Income taxes paid, net	6,426		6,243

Segment Information

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Segment Information

The Company classifies its operations into two operating segments: National Networks and International and Other. These operating segments represent strategic business units that are managed separately.

The Company generally allocates all corporate overhead costs within operating expenses to the Company's two operating segments based upon their proportionate estimated usage of services, including such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, strategic planning and information technology) as well as sales support functions and creative and production services.

The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating income ("AOI"), a non-GAAP measure. The Company defines AOI as operating income (loss) before depreciation and amortization, share-based compensation expense or benefit, impairment and related charges (including gains or losses on sales or dispositions of businesses), restructuring expense or credit and the Company's proportionate share of adjusted operating income (loss) from greater than 50% owned equity method investees. The Company has presented the components that reconcile adjusted operating income to operating income, an accepted GAAP measure, and other information as to the continuing operations of the Company's operating segments below.



(In thousands)	Three Months Ended March 31, 2019
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	239,089	$	21,206		$	—		$	260,295
Distribution	377,029		149,882			(2,985		)	523,926
Consolidated revenues, net	$	616,118	$	171,088		$	(2,985	)	$	784,221
Operating income (loss)	$	251,502	$	(13,748	)	$	7,109		$	244,863
Share-based compensation expense	16,269		3,630			—			19,899
Restructuring expense	303		3,035			(696		)	2,642
Depreciation and amortization	8,612		15,444			—			24,056
Equity investees (>50% interest) AOI	—		1,580			—			1,580
Adjusted operating income	$	276,686	$	9,941		$	6,413		$	293,040



(In thousands)	Three Months Ended March 31, 2018
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	225,730	$	22,510		$	—		$	248,240
Distribution	407,298		88,880			(3,595		)	492,583
Consolidated revenues, net	$	633,028	$	111,390		$	(3,595	)	$	740,823
Operating income (loss)	$	249,852	$	(16,814	)	$	617		$	233,655
Share-based compensation expense	12,527		2,792			—			15,319
Depreciation and amortization	8,495		11,859			—			20,354
Adjusted operating income	$	270,874	$	(2,163	)	$	617		$	269,328

Inter-segment eliminations are primarily licensing revenues recognized between the National Networks and International and Other segments as well as revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment.



(In thousands)	Three Months Ended March 31,
(In thousands)	2019			2018
Inter-segment revenues
National Networks	$	(1,390	)	$	(2,535	)
International and Other	(1,595		)	(1,060		)
	$	(2,985	)	$	(3,595	)

The table below summarizes revenues based on customer location:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019		2018
Revenues
United States	$	662,464	$	586,568
Europe	79,434		86,264
Other	42,323		67,991
	$	784,221	$	740,823

The table below summarizes property and equipment based on asset location:



(In thousands)	March 31, 2019		December 31, 2018
Property and equipment, net
United States	$	209,903	$	202,833
Europe	26,554		27,218
Other	15,384		16,211
	$	251,841	$	246,262

Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2019

Condensed Consolidating Financial Statements

Debt of AMC Networks includes $600 million of 4.75% senior notes due December 2022, $1 billion of 5.00% senior notes due April 2024 and $800 million of 4.75% senior notes due August 2025. All outstanding senior notes issued by AMC Networks (for purposes of this Note 20, "Parent Company") are guaranteed on a senior unsecured basis by certain of its existing and future domestic restricted subsidiaries (the "Guarantor Subsidiaries"). All Guarantor Subsidiaries are owned 100% by AMC Networks. The outstanding notes are fully and unconditionally guaranteed by the Guarantor Subsidiaries on a joint and several basis.

Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, comprehensive income, and cash flows of (i) the Parent Company, (ii) the Guarantor Subsidiaries on a combined basis (as such

guarantees are joint and several), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the "Non-Guarantor Subsidiaries") on a combined basis and (iv) reclassifications and eliminations necessary to arrive at the information for the Company on a consolidated basis.

Basis of Presentation

In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company's interests in the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (ii) the Guarantor Subsidiaries' interests in the Non-Guarantor Subsidiaries, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column "Eliminations."

The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.



Condensed Consolidating Balance Sheet
March 31, 2019
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	827	$	477,816	$	205,039	$	—		$	683,682
Accounts receivable, trade (less allowance for doubtful accounts)	19		589,936		239,749		—			829,704
Current portion of program rights, net	—		293,477		140,586		(201		)	433,862
Prepaid expenses, other current assets and intercompany receivable	58		194,921		32,133		(69,140		)	157,972
Total current assets	904		1,556,150		617,507		(69,341		)	2,105,220
Property and equipment, net of accumulated depreciation	—		182,433		69,408		—			251,841
Investment in affiliates	3,844,267		1,637,988		—		(5,482,255		)	—
Program rights, net	—		918,943		236,759		(1,437		)	1,154,265
Long-term intercompany notes receivable	—		—		218		(218		)	—
Deferred carriage fees, net	—		14,055		816		—			14,871
Intangible assets, net	—		158,947		410,580		—			569,527
Goodwill	—		64,950		732,843		—			797,793
Deferred tax asset, net	—		—		19,927		—			19,927
Operating lease right-of-use asset	101,521		20,085		52,957		—			174,563
Other assets	—		171,200		262,707		—			433,907
Total assets	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	38,969	$	68,423	$	—		$	107,392
Accrued liabilities and intercompany payable	79,873		116,858		124,069		(70,850		)	249,950
Current portion of program rights obligations	—		243,013		78,901		—			321,914
Deferred revenue	—		28,632		22,629		—			51,261
Current portion of long-term debt	28,125		—		2,000		—			30,125
Current portion of lease obligations	13,505		6,568		11,268		—			31,341
Total current liabilities	121,503		434,040		307,290		(70,850		)	791,983
Program rights obligations	—		323,343		18,830		—			342,173
Long-term debt, net	3,080,800		—		—		—			3,080,800
Lease obligations	125,814		21,833		77,037		—			224,684
Deferred tax liability, net	131,723		—		5,844		—			137,567
Other liabilities and intercompany notes payable	31,463		101,268		27,783		(146		)	160,368
Total liabilities	3,491,303		880,484		436,784		(70,996		)	4,737,575
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,802		—			299,802
Stockholders' equity:
AMC Networks stockholders' equity	455,389		3,844,267		1,637,989		(5,482,255		)	455,390
Non-redeemable noncontrolling interests	—		—		29,147		—			29,147
Total stockholders' equity	455,389		3,844,267		1,667,136		(5,482,255		)	484,537
Total liabilities and stockholders' equity	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914



Condensed Consolidating Balance Sheet
December 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	121	$	368,151	$	186,614	$	—		$	554,886
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts)	16		600,121		235,840		—			835,977
Current portion of program rights, net	—		292,002		148,955		(218		)	440,739
Prepaid expenses, other current assets and intercompany receivable	6,543		158,936		23,549		(57,219		)	131,809
Total current assets	6,680		1,419,210		594,958		(57,437		)	1,963,411
Property and equipment, net of accumulated depreciation	—		175,040		71,222		—			246,262
Investment in affiliates	3,656,003		1,655,083		—		(5,311,086		)	—
Program rights, net	—		969,802		245,862		(1,613		)	1,214,051
Long-term intercompany notes receivable	—		—		190		(190		)	—
Deferred carriage fees, net	—		15,993		838		—			16,831
Intangible assets, net	—		161,417		417,490		—			578,907
Goodwill	—		65,282		732,755		—			798,037
Deferred tax asset, net	—		—		19,272		—			19,272
Other assets	—		149,724		292,068					441,792
Total assets	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	34,630	$	72,436	$	—		$	107,066
Accrued liabilities and intercompany payable	35,189		173,836		114,943		(59,050		)	264,918
Current portion of program rights obligations	—		259,414		84,175		—			343,589
Deferred revenue	—		34,608		20,816		—			55,424
Current portion of long-term debt	18,750		—		2,584		—			21,334
Current portion of capital lease obligations	—		2,941		2,149		—			5,090
Total current liabilities	53,939		505,429		297,103		(59,050		)	797,421
Program rights obligations	—		349,814		23,435		—			373,249
Long-term debt, net	3,088,221		—		—		—			3,088,221
Capital lease obligations	—		1,420		20,007		—			21,427
Deferred tax liability, net	140,474		—		4,969		—			145,443
Other liabilities and intercompany notes payable	63,369		98,885		45,972		(190		)	208,036
Total liabilities	3,346,003		955,548		391,486		(59,240		)	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,558		—			299,558
Stockholders' equity:
AMC Networks stockholders' equity	316,680		3,656,003		1,655,083		(5,311,086		)	316,680
Non-redeemable noncontrolling interests	—		—		28,528		—			28,528
Total stockholders' equity	316,680		3,656,003		1,683,611		(5,311,086		)	345,208
Total liabilities and stockholders' equity	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,230		$	212,760		$	(2,769	)	$	784,221
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			220,488			120,718			(1,058		)	340,148
Selling, general and administrative	—			111,581			62,831			(1,900		)	172,512
Depreciation and amortization	—			12,537			11,519			—			24,056
Impairment charges	—			—			—			—			—
Restructuring expense	—			(283		)	2,925			—			2,642
Total operating expenses	—			344,323			197,993			(2,958		)	539,358
Operating income	—			229,907			14,767			189			244,863
Other income (expense):
Interest expense, net	(38,929		)	3,183			301			—			(35,445		)
Share of affiliates’ income (loss)	224,244			(7,311		)	—			(216,933		)	—
Miscellaneous, net	(99		)	709			(13,206		)	(189		)	(12,785		)
Total other income (expense)	185,216			(3,419		)	(12,905		)	(217,122		)	(48,230		)
Income from operations before income taxes	185,216			226,488			1,862			(216,933		)	196,633
Income tax expense	(41,819		)	(2,244		)	(2,413		)	—			(46,476		)
Net income including noncontrolling interests	143,397			224,244			(551		)	(216,933		)	150,157
Net income attributable to noncontrolling interests	—			—			(6,760		)	—			(6,760		)
Net income attributable to AMC Networks’ stockholders	$	143,397		$	224,244		$	(7,311	)	$	(216,933	)	$	143,397



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,917		$	170,386		$	(4,480	)	$	740,823
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			222,621			98,522			(778		)	320,365
Selling, general and administrative	—			122,059			48,089			(3,699		)	166,449
Depreciation and amortization	—			10,804			9,550			—			20,354
Impairment and related charges	—			—			—			—			—
Restructuring (credit) expense	—			—			—			—			—
Total operating expenses	—			355,484			156,161			(4,477		)	507,168
Operating income	—			219,433			14,225			(3		)	233,655
Other income (expense):
Interest expense, net	(36,907		)	11,897			(8,176		)	—			(33,186		)
Share of affiliates’ income	247,482			17,498			—			(264,980		)	—
Loss on extinguishment of debt	—			—			—			—			—
Miscellaneous, net	(206		)	734			16,415			3			16,946
Total other income (expense)	210,369			30,129			8,239			(264,977		)	(16,240		)
Income from operations before income taxes	210,369			249,562			22,464			(264,980		)	217,415
Income tax (expense) benefit	(53,499		)	(2,080		)	(1,300		)	—			(56,879		)
Net income including noncontrolling interests	156,870			247,482			21,164			(264,980		)	160,536
Net income attributable to noncontrolling interests	—			—			(3,666		)	—			(3,666		)
Net income attributable to AMC Networks’ stockholders	$	156,870		$	247,482		$	17,498		$	(264,980	)	$	156,870



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	156,870	$	247,482	$	21,164		$	(264,980	)	$	160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	18,805		—		18,805			(18,805		)	18,805
Other comprehensive income, net of income taxes	18,805		—		18,805			(18,805		)	18,805
Comprehensive income	175,675		247,482		39,969			(283,785		)	179,341
Comprehensive income attributable to noncontrolling interests	—		—		(4,563		)	—			(4,563		)
Comprehensive income attributable to AMC Networks’ stockholders	$	175,675	$	247,482	$	35,406		$	(283,785	)	$	174,778



Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	197,776		$	164,138		$	27,703		$	(217,930	)	$	171,687
Cash flows from investing activities:
Capital expenditures	(26		)	(19,868		)	(2,159		)	—			(22,053		)
Return of capital from investees	—			—			3,908			—			3,908
Investment in and loans to investees	—			—			—			—			—
Payments for acquisition of a business, net of cash acquired	—			—			—			—			—
Increase (decrease) to investment in affiliates	(177,117		)	69,120			(75,454		)	183,451			—
Net cash (used in) provided by investing activities	(177,143		)	49,252			(73,705		)	183,451			(18,145		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			2,521			—			2,521
Repayment of long-term debt	—			—			(3,238		)	—			(3,238		)
Deemed repurchases of restricted stock units	(22,959		)	—			—			—			(22,959		)
Purchase of treasury stock	(991		)	—			—			—			(991		)
Proceeds from stock option exercises	4,630			—			—			—			4,630
Principal payments on finance lease obligations	—			(786		)	(523		)	—			(1,309		)
Distributions to noncontrolling interests	—			—			(5,629		)	—			(5,629		)
Net cash used in financing activities	(19,320		)	(786		)	(6,869		)	—			(26,975		)
Net increase (decrease) in cash and cash equivalents from operations	1,313			212,604			(52,871		)	(34,479		)	126,567
Effect of exchange rate changes on cash and cash equivalents	(607		)	(102,939		)	71,296			34,479			2,229
Cash and cash equivalents at beginning of period	121			368,151			186,614			—			554,886
Cash and cash equivalents at end of period	$	827		$	477,816		$	205,039		$	—		$	683,682



Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	234,947		$	154,495		$	(7,472	)	$	(264,998	)	$	116,972
Cash flows from investing activities:
Capital expenditures	—			(11,040		)	(902		)	—			(11,942		)
Return of capital from investees	—			—			172			—			172
Investment in investees	—			—			(42,318		)	—			(42,318		)
Increase (decrease) to investment in affiliates	(141,109		)	(129,821		)	67,191			203,739			—
Net cash (used in) provided by investing activities	(141,109		)	(140,861		)	24,143			203,739			(54,088		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			—			—			—
Principal payments on long-term debt	—			—			—			—			—
Payments for financing costs	—			—			—			—			—
Deemed repurchases of restricted stock units	(15,354		)	—			—			—			(15,354		)
Purchase of treasury stock	(83,637		)	—			—			—			(83,637		)
Principal payments on capital lease obligations	—			(723		)	(683		)	—			(1,406		)
Distributions to noncontrolling interests	—			—			(1,435		)	—			(1,435		)
Net cash used in financing activities	(98,991		)	(723		)	(2,118		)	—			(101,832		)
Net increase (decrease) in cash and cash equivalents from operations	(5,153		)	12,911			14,553			(61,259		)	(38,948		)
Effect of exchange rate changes on cash and cash equivalents	5,017			(49,740		)	(7,171		)	61,259			9,365
Cash and cash equivalents at beginning of period	320			391,248			167,215			—			558,783
Cash and cash equivalents at end of period	$	184		$	354,419		$	174,597		$	—		$	529,200

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling voting interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting. Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2018 contained in the Company's Annual Report on Form 10-K ("2018 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2019.
Program Rights	Program RightsThe Company periodically reviews the programming usefulness of its licensed and owned original program rights based on a series of factors, including expected future revenue generation from airings on the Company's networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have limited, or no, future programming usefulness, a write-off of the unamortized cost is included in technical and operating expense.
Use of Estimates	Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.
Adoption of New Lease Standard and Recently Issued Accounting Pronouncements	Adoption of New Lease Standard The Company adopted ASU No. 2016-02, Leases (Topic 842) on January 1, 2019, using the modified retrospective approach and effective date method. In addition, the Company elected the package of practical expedients, permitted under the transition guidance within the new standard, which among other things, allowed for the carry forward of the historical classification of leases. The adoption of the new standard resulted in additional net lease assets of $180.0 million (which is net of the historical deferred rent liability balance of $57.0 million) and lease liabilities of $237.0 million, respectively, as of January 1, 2019. The new standard did not materially impact our consolidated net income or cash flows. See Note 10 for further discussion regarding leases. Recently Issued Accounting Pronouncements In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU No. 2018-13, Fair Value Measurement (Topic 820). ASU 2018-13 changes the disclosure requirements for fair value measurements and is effective for the first quarter of 2020, with early adoption permitted. ASU 2018-13 changes disclosure requirements related to transfers between Level I and II assets, as well as several aspects surrounding the valuation process and unrealized gains and losses related to Level III assets. The Company is currently evaluating the impact the adoption of the modified disclosure requirements will have on its consolidated financial statements. In March 2019, the FASB issued ASU No. 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials. ASU 2019-02 aligns the accounting for production costs of episodic television series with the accounting for production costs of films. It also requires an entity to test a film or license agreement within the scope of Subtopic 920-350 for impairment at the film group level, when the film or license agreement is predominantly monetized with other films and/or license agreements. The changes in this standard are effective for the first quarter of 2020, with early adoption permitted. The Company is currently evaluating the impact the adoption of the prospective disclosure requirements will have on its consolidated financial statements.

Revnue Recognition (Tables)

3 Months Ended

Mar. 31, 2019

Contract with Customer, Asset and Liability

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.



(In thousands)	March 31, 2019		December 31, 2018
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,029,236	$	1,018,105
Contract assets, short-term (included in Other current assets)	14,616		9,131
Contract assets, long-term (included in Other assets)	8,696		8,136
Contract liabilities (Deferred revenue)	51,261		55,424

Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Weighted Average Number of Shares

The following is a reconciliation between basic and diluted weighted average shares outstanding:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019	2018
Basic weighted average common shares outstanding	56,588	60,967
Effect of dilution:
Stock options	33	—
Restricted stock units	1,104	752
Diluted weighted average common shares outstanding	57,725	61,719

Restructuring (Tables)

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Summary of Accrued Restructuring Costs

The following table summarizes the accrued restructuring costs:



(In thousands)	Severance and employee-related costs			Other exit costs			Total
Balance at December 31, 2018	$	33,774		$	1,415		$	35,189
Charges	1,075			1,567			2,642
Cash payments	(17,089		)	(333		)	(17,422		)
Non-cash adjustments	(737		)	(2,577		)	(3,314		)
Currency translation	45			36			81
Balance at March 31, 2019	$	17,068		$	108		$	17,176

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



Fair value of equity consideration transferred	$	41,513
Fair value of previously held equity interest	130,890
Fair value of redeemable noncontrolling interest	103,359
	$	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Programming rights	69,775
Property and equipment	2,841
Other assets (equity method investments)	36,700
Intangible assets	126,600
Accounts payable	(12,008		)
Accrued liabilities	(41,501		)
Debt	(25,187		)
	177,859
Goodwill	97,903
	$	275,762

The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands).



Cash paid for controlling interest	$	48,350
Redeemable noncontrolling interest	30,573
	$	78,923
Allocation to net assets acquired:
Cash	13,471
Other current assets	17,251
Property and equipment	20,663
Intangible assets	46,413
Other noncurrent assets	3,306
Current liabilities	(23,647		)
Noncurrent liabilities	(21,394		)
Noncontrolling interests acquired	(1,354		)
Fair value of net assets acquired	54,709
Goodwill	24,214
	$	78,923

Business Acquisition, Pro Forma Information

The pro forma information is not necessarily indicative of the results of operations that would have been achieved had the acquisition taken place on the date indicated or that may result in the future.



(In thousands, except per share data)	Pro Forma Financial Information For the Three Months Ended March 31, 2018
(In thousands, except per share data)
Revenues, net	$	799,137
Income from operations before income taxes	$	148,210
Net income per share, basic	$	2.43
Net income per share, diluted	$	2.40

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amount of goodwill, by operating segment is as follows:



(In thousands)	National Networks			International and Other			Total
December 31, 2018	$	238,431		$	559,606		$	798,037
Puchase accounting adjustments	—			(1,748		)	(1,748		)
Amortization of "second component" goodwill	(332		)	—			(332		)
Foreign currency translation	—			1,836			1,836
March 31, 2019	$	238,099		$	559,694		$	797,793

Schedule of Finite-Lived Intangible Assets

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907

Schedule of Indefinite-Lived Intangible Assets

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907

Schedule of Estimated Amortization Expense

Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:



(In thousands)
Years Ending December 31,
2019	$	44,784
2020	47,216
2021	46,422
2022	46,159
2023	46,076

Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:



(In thousands)	March 31, 2019		December 31, 2018
Interest	$	40,066	$	30,018
Employee related costs	58,202		100,729
Income taxes payable	41,425		1,527
Other accrued expenses	110,257		132,644
Total accrued liabilities	$	249,950	$	264,918

Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Long-Term Debt Instruments

The Company's long-term debt consists of the following:



(In thousands)	March 31, 2019			December 31, 2018
Senior Secured Credit Facility: ^(a)
Term Loan A Facility	$	750,000		$	750,000
Senior Notes:
4.75% Notes due August 2025	800,000			800,000
5.00% Notes due April 2024	1,000,000			1,000,000
4.75% Notes due December 2022	600,000			600,000
Other debt	2,000			2,584
Total long-term debt	3,152,000			3,152,584
Unamortized discount	(28,010		)	(29,181		)
Unamortized deferred financing costs	(13,065		)	(13,848		)
Long-term debt, net	3,110,925			3,109,555
Current portion of long-term debt	30,125			21,334
Noncurrent portion of long-term debt	$	3,080,800		$	3,088,221

(a)

The Company's $500 million revolving credit facility remains undrawn at March 31, 2019. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 235
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-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Leases Included in the Consolidated Balance Sheets

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

Summary of Lease Costs

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

Summary of Maturity of Operating Lease Liabilities

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

Summary of Maturity of Finance Lease Liabilities

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

Summary of Supplemental Cash Paid for Amounts in the Measurement of Lease Liabilities

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2019

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis



(In thousands)	Level I		Level II		Level III		Total
At March 31, 2019:
Assets
Cash equivalents	$	120,119	$	—	$	—	$	120,119
Marketable securities	1,405		—		—		1,405
Foreign currency derivatives	—		2,957		—		2,957
Liabilities
Interest rate swap contracts	$	—	$	995	$	—	$	995
Foreign currency derivatives	—		$	2,247	$	—	2,247
At December 31, 2018:
Assets
Cash equivalents	$	68,498	$	—	$	—	$	68,498
Marketable securities	1,173		—		—		1,173
Foreign currency derivatives	—		3,509		—		3,509
Liabilities
Interest rate swap contracts	$	—	$	356	$	—	$	356
Foreign currency derivatives	—		$	3,121	$	—	3,121

Carrying Values And Fair Values Of The Company's Financial Instruments



(In thousands)	March 31, 2019
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	740,352	$	736,875
4.75% Notes due August 2025	786,894		794,000
5.00% Notes due April 2024	986,838		1,004,900
4.75% Notes due December 2022	594,841		606,750
Other debt	$	2,000	$	2,000
	$	3,110,925	$	3,142,525



(In thousands)	December 31, 2018
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	739,710	$	738,750
4.75% Notes due August 2025	786,458		720,000
5.00% Notes due April 2024	986,275		947,500
4.75% Notes due December 2022	594,528		580,500
Other debt	$	2,584	$	2,584
	$	3,109,555	$	2,989,334

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments Included In Balance Sheets

The fair values of the Company's derivative financial instruments not designated as hedging instruments included in the condensed consolidated balance sheets are as follows:



(In thousands)	Balance Sheet Location	March 31, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Liabilities:
Interest rate swap contracts	Accrued liabilities	$	995	$	356
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	1,270	$	1,452
Foreign currency derivatives	Other assets	1,687		2,057
Liabilities:
Foreign currency derivatives	Accrued liabilities	$	597	$	700
Foreign currency derivatives	Other liabilities	1,650		2,421

Schedule of Gains And Losses Related To Derivative Instruments

The amounts of gains and losses related to the Company's derivative financial instruments designated as hedging instruments are as follows:



(In thousands)	Gain or (Loss) on Derivatives Recognized in OCI					Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified from Accumulated OCI into Earnings
	Three Months Ended March 31,						Three Months Ended March 31,
	2019			2018			2019		2018
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(651	)	$	—	Interest expense	$	12	$	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:



(In thousands)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2019		2018
Interest rate swap contracts	Interest expense	$	—	$	(146	)
Foreign currency derivatives	Miscellaneous, net	457		(293		)
Other derivatives	Miscellaneous, net	—		11,687
Total		$	457	$	11,248

Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2019

Redeemable Noncontrolling Interest

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2019.



(In thousands)	Three Months Ended March 31, 2019
December 31, 2018	$	299,558
Net earnings	5,819
Distributions	(5,268		)
Other	(307		)
March 31, 2019	$	299,802

Cash Flows (Tables)

3 Months Ended

Mar. 31, 2019

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Summary Of Non-Cash Activities And Other Supplemental Data

The Company's non-cash investing and financing activities and other supplemental data are as follows:



(In thousands)	Three Months Ended March 31,
	2019		2018
Non-Cash Investing and Financing Activities:
Capital expenditures incurred but not yet paid	$	2,216	$	6,070
Treasury stock not yet settled	—		9,980
Supplemental Data:
Cash interest paid	28,235		25,634
Income taxes paid, net	6,426		6,243

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Continuing Operations By Reportable Segment



(In thousands)	Three Months Ended March 31, 2019
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	239,089	$	21,206		$	—		$	260,295
Distribution	377,029		149,882			(2,985		)	523,926
Consolidated revenues, net	$	616,118	$	171,088		$	(2,985	)	$	784,221
Operating income (loss)	$	251,502	$	(13,748	)	$	7,109		$	244,863
Share-based compensation expense	16,269		3,630			—			19,899
Restructuring expense	303		3,035			(696		)	2,642
Depreciation and amortization	8,612		15,444			—			24,056
Equity investees (>50% interest) AOI	—		1,580			—			1,580
Adjusted operating income	$	276,686	$	9,941		$	6,413		$	293,040



(In thousands)	Three Months Ended March 31, 2018
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	225,730	$	22,510		$	—		$	248,240
Distribution	407,298		88,880			(3,595		)	492,583
Consolidated revenues, net	$	633,028	$	111,390		$	(3,595	)	$	740,823
Operating income (loss)	$	249,852	$	(16,814	)	$	617		$	233,655
Share-based compensation expense	12,527		2,792			—			15,319
Depreciation and amortization	8,495		11,859			—			20,354
Adjusted operating income	$	270,874	$	(2,163	)	$	617		$	269,328

Summary of Inter-Segment Eliminations



(In thousands)	Three Months Ended March 31,
(In thousands)	2019			2018
Inter-segment revenues
National Networks	$	(1,390	)	$	(2,535	)
International and Other	(1,595		)	(1,060		)
	$	(2,985	)	$	(3,595	)

Schedule of Revenue by Geographic Area

The table below summarizes revenues based on customer location:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019		2018
Revenues
United States	$	662,464	$	586,568
Europe	79,434		86,264
Other	42,323		67,991
	$	784,221	$	740,823

Schedule of Disclosure on Geographic Areas, Long-Lived Assets

The table below summarizes property and equipment based on asset location:



(In thousands)	March 31, 2019		December 31, 2018
Property and equipment, net
United States	$	209,903	$	202,833
Europe	26,554		27,218
Other	15,384		16,211
	$	251,841	$	246,262

Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.



Condensed Consolidating Balance Sheet
March 31, 2019
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	827	$	477,816	$	205,039	$	—		$	683,682
Accounts receivable, trade (less allowance for doubtful accounts)	19		589,936		239,749		—			829,704
Current portion of program rights, net	—		293,477		140,586		(201		)	433,862
Prepaid expenses, other current assets and intercompany receivable	58		194,921		32,133		(69,140		)	157,972
Total current assets	904		1,556,150		617,507		(69,341		)	2,105,220
Property and equipment, net of accumulated depreciation	—		182,433		69,408		—			251,841
Investment in affiliates	3,844,267		1,637,988		—		(5,482,255		)	—
Program rights, net	—		918,943		236,759		(1,437		)	1,154,265
Long-term intercompany notes receivable	—		—		218		(218		)	—
Deferred carriage fees, net	—		14,055		816		—			14,871
Intangible assets, net	—		158,947		410,580		—			569,527
Goodwill	—		64,950		732,843		—			797,793
Deferred tax asset, net	—		—		19,927		—			19,927
Operating lease right-of-use asset	101,521		20,085		52,957		—			174,563
Other assets	—		171,200		262,707		—			433,907
Total assets	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	38,969	$	68,423	$	—		$	107,392
Accrued liabilities and intercompany payable	79,873		116,858		124,069		(70,850		)	249,950
Current portion of program rights obligations	—		243,013		78,901		—			321,914
Deferred revenue	—		28,632		22,629		—			51,261
Current portion of long-term debt	28,125		—		2,000		—			30,125
Current portion of lease obligations	13,505		6,568		11,268		—			31,341
Total current liabilities	121,503		434,040		307,290		(70,850		)	791,983
Program rights obligations	—		323,343		18,830		—			342,173
Long-term debt, net	3,080,800		—		—		—			3,080,800
Lease obligations	125,814		21,833		77,037		—			224,684
Deferred tax liability, net	131,723		—		5,844		—			137,567
Other liabilities and intercompany notes payable	31,463		101,268		27,783		(146		)	160,368
Total liabilities	3,491,303		880,484		436,784		(70,996		)	4,737,575
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,802		—			299,802
Stockholders' equity:
AMC Networks stockholders' equity	455,389		3,844,267		1,637,989		(5,482,255		)	455,390
Non-redeemable noncontrolling interests	—		—		29,147		—			29,147
Total stockholders' equity	455,389		3,844,267		1,667,136		(5,482,255		)	484,537
Total liabilities and stockholders' equity	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914



Condensed Consolidating Balance Sheet
December 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	121	$	368,151	$	186,614	$	—		$	554,886
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts)	16		600,121		235,840		—			835,977
Current portion of program rights, net	—		292,002		148,955		(218		)	440,739
Prepaid expenses, other current assets and intercompany receivable	6,543		158,936		23,549		(57,219		)	131,809
Total current assets	6,680		1,419,210		594,958		(57,437		)	1,963,411
Property and equipment, net of accumulated depreciation	—		175,040		71,222		—			246,262
Investment in affiliates	3,656,003		1,655,083		—		(5,311,086		)	—
Program rights, net	—		969,802		245,862		(1,613		)	1,214,051
Long-term intercompany notes receivable	—		—		190		(190		)	—
Deferred carriage fees, net	—		15,993		838		—			16,831
Intangible assets, net	—		161,417		417,490		—			578,907
Goodwill	—		65,282		732,755		—			798,037
Deferred tax asset, net	—		—		19,272		—			19,272
Other assets	—		149,724		292,068					441,792
Total assets	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	34,630	$	72,436	$	—		$	107,066
Accrued liabilities and intercompany payable	35,189		173,836		114,943		(59,050		)	264,918
Current portion of program rights obligations	—		259,414		84,175		—			343,589
Deferred revenue	—		34,608		20,816		—			55,424
Current portion of long-term debt	18,750		—		2,584		—			21,334
Current portion of capital lease obligations	—		2,941		2,149		—			5,090
Total current liabilities	53,939		505,429		297,103		(59,050		)	797,421
Program rights obligations	—		349,814		23,435		—			373,249
Long-term debt, net	3,088,221		—		—		—			3,088,221
Capital lease obligations	—		1,420		20,007		—			21,427
Deferred tax liability, net	140,474		—		4,969		—			145,443
Other liabilities and intercompany notes payable	63,369		98,885		45,972		(190		)	208,036
Total liabilities	3,346,003		955,548		391,486		(59,240		)	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,558		—			299,558
Stockholders' equity:
AMC Networks stockholders' equity	316,680		3,656,003		1,655,083		(5,311,086		)	316,680
Non-redeemable noncontrolling interests	—		—		28,528		—			28,528
Total stockholders' equity	316,680		3,656,003		1,683,611		(5,311,086		)	345,208
Total liabilities and stockholders' equity	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563

Condensed Income Statement



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,230		$	212,760		$	(2,769	)	$	784,221
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			220,488			120,718			(1,058		)	340,148
Selling, general and administrative	—			111,581			62,831			(1,900		)	172,512
Depreciation and amortization	—			12,537			11,519			—			24,056
Impairment charges	—			—			—			—			—
Restructuring expense	—			(283		)	2,925			—			2,642
Total operating expenses	—			344,323			197,993			(2,958		)	539,358
Operating income	—			229,907			14,767			189			244,863
Other income (expense):
Interest expense, net	(38,929		)	3,183			301			—			(35,445		)
Share of affiliates’ income (loss)	224,244			(7,311		)	—			(216,933		)	—
Miscellaneous, net	(99		)	709			(13,206		)	(189		)	(12,785		)
Total other income (expense)	185,216			(3,419		)	(12,905		)	(217,122		)	(48,230		)
Income from operations before income taxes	185,216			226,488			1,862			(216,933		)	196,633
Income tax expense	(41,819		)	(2,244		)	(2,413		)	—			(46,476		)
Net income including noncontrolling interests	143,397			224,244			(551		)	(216,933		)	150,157
Net income attributable to noncontrolling interests	—			—			(6,760		)	—			(6,760		)
Net income attributable to AMC Networks’ stockholders	$	143,397		$	224,244		$	(7,311	)	$	(216,933	)	$	143,397



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,917		$	170,386		$	(4,480	)	$	740,823
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			222,621			98,522			(778		)	320,365
Selling, general and administrative	—			122,059			48,089			(3,699		)	166,449
Depreciation and amortization	—			10,804			9,550			—			20,354
Impairment and related charges	—			—			—			—			—
Restructuring (credit) expense	—			—			—			—			—
Total operating expenses	—			355,484			156,161			(4,477		)	507,168
Operating income	—			219,433			14,225			(3		)	233,655
Other income (expense):
Interest expense, net	(36,907		)	11,897			(8,176		)	—			(33,186		)
Share of affiliates’ income	247,482			17,498			—			(264,980		)	—
Loss on extinguishment of debt	—			—			—			—			—
Miscellaneous, net	(206		)	734			16,415			3			16,946
Total other income (expense)	210,369			30,129			8,239			(264,977		)	(16,240		)
Income from operations before income taxes	210,369			249,562			22,464			(264,980		)	217,415
Income tax (expense) benefit	(53,499		)	(2,080		)	(1,300		)	—			(56,879		)
Net income including noncontrolling interests	156,870			247,482			21,164			(264,980		)	160,536
Net income attributable to noncontrolling interests	—			—			(3,666		)	—			(3,666		)
Net income attributable to AMC Networks’ stockholders	$	156,870		$	247,482		$	17,498		$	(264,980	)	$	156,870



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183

Condensed Statement of Comprehensive Income



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	156,870	$	247,482	$	21,164		$	(264,980	)	$	160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	18,805		—		18,805			(18,805		)	18,805
Other comprehensive income, net of income taxes	18,805		—		18,805			(18,805		)	18,805
Comprehensive income	175,675		247,482		39,969			(283,785		)	179,341
Comprehensive income attributable to noncontrolling interests	—		—		(4,563		)	—			(4,563		)
Comprehensive income attributable to AMC Networks’ stockholders	$	175,675	$	247,482	$	35,406		$	(283,785	)	$	174,778

Condensed Cash Flow Statement



Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	197,776		$	164,138		$	27,703		$	(217,930	)	$	171,687
Cash flows from investing activities:
Capital expenditures	(26		)	(19,868		)	(2,159		)	—			(22,053		)
Return of capital from investees	—			—			3,908			—			3,908
Investment in and loans to investees	—			—			—			—			—
Payments for acquisition of a business, net of cash acquired	—			—			—			—			—
Increase (decrease) to investment in affiliates	(177,117		)	69,120			(75,454		)	183,451			—
Net cash (used in) provided by investing activities	(177,143		)	49,252			(73,705		)	183,451			(18,145		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			2,521			—			2,521
Repayment of long-term debt	—			—			(3,238		)	—			(3,238		)
Deemed repurchases of restricted stock units	(22,959		)	—			—			—			(22,959		)
Purchase of treasury stock	(991		)	—			—			—			(991		)
Proceeds from stock option exercises	4,630			—			—			—			4,630
Principal payments on finance lease obligations	—			(786		)	(523		)	—			(1,309		)
Distributions to noncontrolling interests	—			—			(5,629		)	—			(5,629		)
Net cash used in financing activities	(19,320		)	(786		)	(6,869		)	—			(26,975		)
Net increase (decrease) in cash and cash equivalents from operations	1,313			212,604			(52,871		)	(34,479		)	126,567
Effect of exchange rate changes on cash and cash equivalents	(607		)	(102,939		)	71,296			34,479			2,229
Cash and cash equivalents at beginning of period	121			368,151			186,614			—			554,886
Cash and cash equivalents at end of period	$	827		$	477,816		$	205,039		$	—		$	683,682



Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	234,947		$	154,495		$	(7,472	)	$	(264,998	)	$	116,972
Cash flows from investing activities:
Capital expenditures	—			(11,040		)	(902		)	—			(11,942		)
Return of capital from investees	—			—			172			—			172
Investment in investees	—			—			(42,318		)	—			(42,318		)
Increase (decrease) to investment in affiliates	(141,109		)	(129,821		)	67,191			203,739			—
Net cash (used in) provided by investing activities	(141,109		)	(140,861		)	24,143			203,739			(54,088		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			—			—			—
Principal payments on long-term debt	—			—			—			—			—
Payments for financing costs	—			—			—			—			—
Deemed repurchases of restricted stock units	(15,354		)	—			—			—			(15,354		)
Purchase of treasury stock	(83,637		)	—			—			—			(83,637		)
Principal payments on capital lease obligations	—			(723		)	(683		)	—			(1,406		)
Distributions to noncontrolling interests	—			—			(1,435		)	—			(1,435		)
Net cash used in financing activities	(98,991		)	(723		)	(2,118		)	—			(101,832		)
Net increase (decrease) in cash and cash equivalents from operations	(5,153		)	12,911			14,553			(61,259		)	(38,948		)
Effect of exchange rate changes on cash and cash equivalents	5,017			(49,740		)	(7,171		)	61,259			9,365
Cash and cash equivalents at beginning of period	320			391,248			167,215			—			558,783
Cash and cash equivalents at end of period	$	184		$	354,419		$	174,597		$	—		$	529,200

Description of Business and Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) segment network	Mar. 31, 2018 USD ($)	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease asset	$ 174,563			$ 0
Lease liabilities	$ 230,968
Number of operating segments \| segment	2
Number of national programming networks \| network	5
Program rights write-offs	$ 3,300	$ 5,200
ASU No. 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease asset			$ 180,000
Historical deferred rent liability			57,000
Lease liabilities			$ 237,000

Revenue Recognition (Narrative) (Details) $ in Millions	3 Months Ended
Revenue Recognition (Narrative) (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 7.1

Revenue Recognition (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable (including long-term, included in Other assets)	$ 1,029,236	$ 1,018,105
Contract assets, short-term (included in Other current assets)	14,616	9,131
Contract assets, long-term (included in Other assets)	8,696	8,136
Contract liabilities (Deferred revenue)	$ 51,261	$ 55,424

Net Income per Share (Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted average shares outstanding	56,588	60,967
Effect of dilution:
Diluted weighted average shares outstanding	57,725	61,719
Stock options
Effect of dilution:
Effect of dilution (in shares)	33	0
Restricted stock units
Effect of dilution:
Effect of dilution (in shares)	1,104	752

Net Income per Share (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Amount authorized under Stock Repurchase Program	$ 1,500,000,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS		400
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS	1,500	200
Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares repurchased	18
Average purchase price (in dollars per share)	$ 53.82
Available for repurchase under the Stock Repurchase Program	$ 558,400,000

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring expense	$ 2,642	$ 0
Accrued restructuring costs, accrued liabilities	11,700
Accrued restructuring costs, other liabilities (long-term)	$ 5,400

Restructuring (Summary of Accrued Restructuring Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	$ 35,189
Charges	2,642	$ 0
Cash payments	(17,422)
Non-cash adjustments	(3,314)
Currency translation	81
Balance at March 31, 2019	17,176
Severance and employee-related costs
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	33,774
Charges	1,075
Cash payments	(17,089)
Non-cash adjustments	(737)
Currency translation	45
Balance at March 31, 2019	17,068
Other exit costs
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	1,415
Charges	1,567
Cash payments	(333)
Non-cash adjustments	(2,577)
Currency translation	36
Balance at March 31, 2019	$ 108

Business Combinations (Narrative) (Details) - Levity $ in Thousands	Apr. 20, 2018 USD ($)
Business Acquisition [Line Items]
Percentage of controlling interest	57.00%
Cash paid for controlling interest	$ 48,350
Class B Common Stock
Business Acquisition [Line Items]
Cash paid for controlling interest	35,000
Series L Preferred Stock [Member]
Business Acquisition [Line Items]
Cash paid for controlling interest	$ 13,400

Business Combinations (Schedule of Business Acquisitions) (Details) - USD ($) $ in Thousands	Oct. 01, 2018	Mar. 31, 2019	Dec. 31, 2018	Apr. 20, 2018
Allocation to net assets acquired:
Goodwill		$ 797,793	$ 798,037
RLJE
Business Acquisition [Line Items]
Fair value of equity consideration transferred	$ 41,513
Fair value of previously held equity interest	130,890
Redeemable noncontrolling interest	103,359
Total	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Other current assets	69,775
Property and equipment	2,841
Other noncurrent assets	36,700
Intangible assets	126,600
Accounts payable	(12,008)
Accrued liabilities	(41,501)
Debt	(25,187)
Fair value of net assets acquired	177,859
Goodwill	$ 97,903
Levity
Business Acquisition [Line Items]
Cash paid for controlling interest				$ 48,350
Redeemable noncontrolling interest				30,573
Total				78,923
Allocation to net assets acquired:
Cash				13,471
Other current assets				17,251
Property and equipment				20,663
Other noncurrent assets				3,306
Intangible assets				46,413
Current liabilities				(23,647)
Noncurrent liabilities				(21,394)
Noncontrolling interests acquired				(1,354)
Fair value of net assets acquired				54,709
Goodwill				$ 24,214

Business Combinations (Schedule of Pro Forma) (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018 USD ($) $ / shares
Business Combinations [Abstract]
Revenues, net \| $	$ 799,137
Income from continuing operations, net of income taxes \| $	$ 148,210
Net income per share, basic \| $ / shares	$ 2.43
Net income per share, diluted \| $ / shares	$ 2.40

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
Investments (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Investments [Abstract]
Equity method investments	$ 85,800		$ 90,900
Investments in marketable equity securities	1,400		1,200
Investments in non-marketable equity securities	61,800		$ 71,800
Write-down of non-marketable equity securities and note receivable	$ 17,741	$ 0

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 332
Finite-Lived Intangible Assets, Amortization Expense	10,300	$ 9,300
National Networks
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 332

Goodwill and Other Intangible Assets (Schedule Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Roll Forward]
December 31, 2018	$ 798,037
Puchase accounting adjustments	(1,748)
Amortization of second component goodwill	(332)
Foreign currency translation	1,836
March 31, 2019	797,793
National Networks
Goodwill [Roll Forward]
December 31, 2018	238,431
Puchase accounting adjustments	0
Amortization of second component goodwill	(332)
Foreign currency translation	0
March 31, 2019	238,099
International and Other
Goodwill [Roll Forward]
December 31, 2018	559,606
Puchase accounting adjustments	(1,748)
Amortization of second component goodwill	0
Foreign currency translation	1,836
March 31, 2019	$ 559,694

Goodwill and Other Intangible Assets (Schedule Of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Gross	$ 799,791	$ 799,468
Accumulated Amortization	(250,164)	(240,461)
Net	549,627	559,007
Trademarks	19,900	19,900
Total intangible assets, gross	819,691	819,368
Total intangible assets, net	569,527	578,907
Affiliate and customer relationships
Gross	615,628	620,771
Accumulated Amortization	(205,195)	(198,500)
Net	$ 410,433	422,271
Advertiser relationships
Estimated useful lives (in years)	11 years
Gross	$ 46,282	46,282
Accumulated Amortization	(18,665)	(17,613)
Net	$ 27,617	28,669
Trade names
Estimated useful lives (in years)	20 years
Gross	$ 124,453	118,772
Accumulated Amortization	(19,756)	(17,971)
Net	104,697	100,801
Other amortizable intangible assets
Gross	13,428	13,643
Accumulated Amortization	(6,548)	(6,377)
Net	$ 6,880	$ 7,266
Minimum \| Affiliate and customer relationships
Estimated useful lives (in years)	6 years
Minimum \| Trade names
Estimated useful lives (in years)	3 years
Minimum \| Other amortizable intangible assets
Estimated useful lives (in years)	5 years
Maximum \| Affiliate and customer relationships
Estimated useful lives (in years)	25 years
Maximum \| Other amortizable intangible assets
Estimated useful lives (in years)	15 years

Goodwill and Other Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 44,784
2020	47,216
2021	46,422
2022	46,159
2023	$ 46,076

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accrued Liabilities, Current [Abstract]
Interest	$ 40,066	$ 30,018
Employee related costs	58,202	100,729
Income taxes payable	41,425	1,527
Other accrued expenses	110,257	132,644
Total accrued liabilities	$ 249,950	$ 264,918

Long-term Debt (Narrative) (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revolving credit facility
Debt Instrument [Line Items]
Remaining undrawn capacity	$ 500

Long-term Debt (Summary of Long-Term Debt) (Details) - USD ($)
$ in Thousands

Mar. 31, 2019

Dec. 31, 2018

Unamortized deferred financing costs

$ 3,152,000

$ 3,152,584

Unamortized discount

(28,010)

(29,181)

(13,065)

(13,848)

Long-term debt, net

3,110,925

3,109,555

Current portion of long-term debt

30,125

21,334

4.75% Notes due August 2025

$ 3,080,800

3,088,221

5.00% Notes due April 2024

4.75%

4.75% Notes due December 2022

5.00%

Senior Notes | 4.75% Notes due August 2025

4.75%

Senior Notes | 5.00% Notes due April 2024

$ 800,000

800,000

Senior Notes | 4.75% Notes due December 2022

1,000,000

Senior Notes | Other debt

600,000

Secured debt | Term Loan A Facility

2,000

2,584

Organization, Consolidation and Presentation of Financial Statements [Abstract]

^[1]

$ 750,000

[1]	The Company's $500 million revolving credit facility remains undrawn at March 31, 2019. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

Leases (Summary of Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease asset	$ 174,563	$ 0
Finance lease asset	18,502
Total lease assets	193,065
Operating lease liability, current	26,633
Finance lease liability, current	4,708
Total lease liabilities, current	31,341
Operating lease liability, noncurrent	204,336
Finance lease liability, noncurrent	20,348
Total lease liabilities, noncurrent	224,684
Total lease liabilities	$ 256,025

Leases (Summary of Maturity of Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Operating Leases
2019	$ 27,419
2020	35,909
2021	31,248
2022	33,309
2023	33,766
Thereafter	118,885
Total lease payments	280,536
Less: Interest	49,568
Present value of lease liabilities	230,968
Finance Leases
2019	5,627
2020	5,862
2021	4,388
2022	4,414
2023	4,441
Thereafter	9,673
Total lease payments	34,405
Less: Interest	9,348
Present value of lease liabilities	25,057
Total
2019	33,046
2020	41,771
2021	35,636
2022	37,723
2023	38,207
Thereafter	128,558
Total lease payments	314,941
Less: Interest	58,916
Total lease liabilities	$ 256,025

Leases (Summary of Lease Costs) (Details) $ in Thousands	3 Months Ended
Leases (Summary of Lease Costs) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease costs	$ 8,206
Amortization of leased assets	673
Interest on lease liabilities	678
Short term lease costs	1,590
Variable lease costs	308
Total net lease cost	$ 11,455

Leases (Summary of Leases) (Details)	Mar. 31, 2019
Leases [Abstract]
Weighted average remaining lease term, operating leases (in years)	8 years 3 months 21 days
Weighted average remaining lease term, finance leases (in years)	6 years 29 days
Weighted average discount rate, operating leases (as a percentage)	4.75%
Weighted average discount rate, financing leases (as a percentage)	10.21%

Leases (Summary of Supplemental Cash Paid) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 8,240
Financing cash flows from finance leases	$ 1,309

Fair Value Measurement (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain on derivative instrument	$ 457	$ 11,248
Other Contract \| Miscellaneous, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain on derivative instrument	$ 0	11,687
Other Contract \| RLJE \| Miscellaneous, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain on derivative instrument		$ 8,100

Fair Value Measurement (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	$ 120,119	$ 68,498
Marketable securities	1,405	1,173
Interest Rate Swap
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	995	356
Foreign Exchange Forward
Assets, Fair Value Disclosure [Abstract]
Foreign currency derivatives	2,957	3,509
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	2,247	3,121
Level I
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	120,119	68,498
Marketable securities	1,405	1,173
Level II \| Interest Rate Swap
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	995	356
Level II \| Foreign Exchange Forward
Assets, Fair Value Disclosure [Abstract]
Foreign currency derivatives	2,957	3,509
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swap contracts	$ 2,247	$ 3,121

Fair Value Measurement (Carrying Values And Fair Values Of The Company's Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
4.75% Notes due August 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.75%
5.00% Notes due April 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	5.00%
4.75% Notes due December 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.75%
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 3,142,525	$ 2,989,334
Estimate of Fair Value Measurement [Member] \| Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	736,875	738,750
Estimate of Fair Value Measurement [Member] \| 4.75% Notes due August 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	794,000	720,000
Estimate of Fair Value Measurement [Member] \| 5.00% Notes due April 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	1,004,900	947,500
Estimate of Fair Value Measurement [Member] \| 4.75% Notes due December 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	606,750	580,500
Estimate of Fair Value Measurement [Member] \| Other debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	2,000	2,584
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	3,110,925	3,109,555
Reported Value Measurement [Member] \| Term Loan A Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	740,352	739,710
Reported Value Measurement [Member] \| 4.75% Notes due August 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	786,894	786,458
Reported Value Measurement [Member] \| 5.00% Notes due April 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	986,838	986,275
Reported Value Measurement [Member] \| 4.75% Notes due December 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	594,841	594,528
Reported Value Measurement [Member] \| Other debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,000	$ 2,584

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative [Line Items]
Gain on derivative instrument	$ 457	$ 11,248
Interest Rate Swap
Derivative [Line Items]
Notional amounts	100,000
Other Contract \| Miscellaneous, net
Derivative [Line Items]
Gain on derivative instrument	$ 0	$ 11,687

Derivative Financial Instruments (Fair Value of Derivative Instruments Included in Balance Sheets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives designated as hedging instruments \| Interest Rate Swap \| Accrued liabilities
Derivatives designated as hedging instruments:
Interest rate swap contracts liabilities	$ 995	$ 356
Derivatives not designated as hedging instruments \| Foreign Exchange Forward \| Prepaid expenses and other current assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	1,270	1,452
Derivatives not designated as hedging instruments \| Foreign Exchange Forward \| Other assets
Derivatives not designated as hedging instruments:
Foreign currency derivative assets	1,687	2,057
Derivatives not designated as hedging instruments \| Foreign Exchange Forward \| Accrued liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	597	700
Derivatives not designated as hedging instruments \| Foreign Exchange Forward \| Other liabilities
Derivatives not designated as hedging instruments:
Foreign currency derivative liabilities	$ 1,650	$ 2,421

Derivative Financial Instruments (Schedule of Gains and Losses Related to Derivative Instruments) (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest expense
Derivative [Line Items]
Gain or (Loss) Reclassified from Accumulated OCI into Earnings	$ 12	$ 0
Interest Rate Swap
Derivative [Line Items]
Gain or (Loss) on Derivatives Recognized in OCI	$ (651)	$ 0

Derivative Financial Instruments (Schedule of Other Derivatives Not Designated as Hedging Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivative instrument	$ 457	$ 11,248
Interest Rate Swap \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivative instrument	0	(146)
Foreign Exchange Forward \| Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivative instrument	457	(293)
Other Contract \| Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivative instrument	$ 0	$ 11,687

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ (46,476)	$ (56,879)
Effective tax rate	24.00%	26.00%
Federal statutory rate	21.00%	21.00%
State income tax expense	$ 3,200	$ 3,800
Increase in valuation allowances		16,400
One-time rate change on deferred tax assets and liabilities		8,300
Tax benefit from foreign subsidiary earnings		$ 4,900
Foreign tax credit carry forwards	25,300
Valuation allowance	25,300
Second component of tax deductible goodwill, net of tax	$ 300

Commitments and Contingencies (Narrative) (Details)	3 Months Ended
Commitments and Contingencies (Narrative) (Details)	Mar. 31, 2019 USD ($)
Loss Contingencies [Line Items]
Increase (decrease) in contractual obligations not reflected in the balance sheet	$ (200,700,000)
Contractual obligation	923,100,000
Claim for damages	280,000,000
Threatened Litigation \| Minimum
Loss Contingencies [Line Items]
Claim for damages	$ 20,000,000

Equity Plans (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
Equity Plans (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deemed repurchases of restricted stock units		$ (22,959)	$ (15,354)
Share-based compensation expense		$ 19,899	$ 15,319
Total unrecognized share-based compensation costs, remaining period of recognition (in years)		2 years 6 months
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares surrendered to the Company for tax withholding		217,265
Total unrecognized share-based compensation costs	$ 120,100	$ 120,100
RSUs \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested in period		518,583
New shares of Company's Class A common stock issued		301,318
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares surrendered to the Company for tax withholding		150,771
PRSUs \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested in period		349,761
New shares of Company's Class A common stock issued		198,990
2016 Employee Stock Plan \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in units)	498,320
Vesting period (in years)		3 years
2016 Employee Stock Plan \| RSUs \| Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in units)	165,194
2016 Employee Stock Plan \| PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted in period (in units)	390,566
Vesting period (in years)		3 years
2016 Employee Stock Plan \| PRSUs \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period (as a percentage)		0.00%
2016 Employee Stock Plan \| PRSUs \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Measurement period (as a percentage)		200.00%

Redeemable Noncontrolling Interests Activity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
December 31, 2018	$ 299,558
Net earnings	5,819
Distributions	(5,268)
Other	(307)
March 31, 2019	$ 299,802

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transactions [Abstract]
Net revenues from related parties	$ 1,200	$ 1,600
Selling, general and administrative charges from related parties	$ 700	$ 500

Cash Flows (Summary Of Non-Cash Activities And Other Supplemental Data) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Capital expenditures incurred but not yet paid	$ 2,216	$ 6,070
Treasury stock not yet settled	0	9,980
Cash interest paid	28,235	25,634
Income taxes paid, net	$ 6,426	$ 6,243

Segment Information (Narrative) (Details)	3 Months Ended
Segment Information (Narrative) (Details)	Mar. 31, 2019 segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment Information (Summary Of Continuing Operations By Reportable Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues, net	$ 784,221	$ 740,823
Operating income	244,863	233,655
Share-based compensation expense	19,899	15,319
Restructuring expense	2,642	0
Depreciation and amortization	24,056	20,354
Equity investees (50% interest) AOI	1,580
Adjusted operating income	293,040	269,328
Operating segments \| National Networks
Segment Reporting Information [Line Items]
Revenues, net	616,118	633,028
Operating income	251,502	249,852
Share-based compensation expense	16,269	12,527
Restructuring expense	303
Depreciation and amortization	8,612	8,495
Equity investees (50% interest) AOI	0
Adjusted operating income	276,686	270,874
Operating segments \| International and Other
Segment Reporting Information [Line Items]
Revenues, net	171,088	111,390
Operating income	(13,748)	(16,814)
Share-based compensation expense	3,630	2,792
Restructuring expense	3,035
Depreciation and amortization	15,444	11,859
Equity investees (50% interest) AOI	1,580
Adjusted operating income	9,941	(2,163)
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues, net	(2,985)	(3,595)
Operating income	7,109	617
Share-based compensation expense	0	0
Restructuring expense	(696)
Depreciation and amortization	0	0
Equity investees (50% interest) AOI	0
Adjusted operating income	6,413	617
Inter-segment eliminations \| National Networks
Segment Reporting Information [Line Items]
Revenues, net	(1,390)	(2,535)
Inter-segment eliminations \| International and Other
Segment Reporting Information [Line Items]
Revenues, net	(1,595)	(1,060)
Advertising
Segment Reporting Information [Line Items]
Revenues, net	260,295	248,240
Advertising \| Operating segments \| National Networks
Segment Reporting Information [Line Items]
Revenues, net	239,089	225,730
Advertising \| Operating segments \| International and Other
Segment Reporting Information [Line Items]
Revenues, net	21,206	22,510
Advertising \| Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues, net	0	0
Distribution
Segment Reporting Information [Line Items]
Revenues, net	523,926	492,583
Distribution \| Operating segments \| National Networks
Segment Reporting Information [Line Items]
Revenues, net	377,029	407,298
Distribution \| Operating segments \| International and Other
Segment Reporting Information [Line Items]
Revenues, net	149,882	88,880
Distribution \| Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues, net	$ (2,985)	$ (3,595)

Segment Information (Summary Of Inter-Segment Eliminations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues, net	$ 784,221	$ 740,823
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues, net	(2,985)	(3,595)
Inter-segment eliminations \| National Networks
Segment Reporting Information [Line Items]
Revenues, net	(1,390)	(2,535)
Inter-segment eliminations \| International and Other
Segment Reporting Information [Line Items]
Revenues, net	$ (1,595)	$ (1,060)

Segment Information (Revenues by geographic region) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues, net	$ 784,221	$ 740,823
United States
Segment Reporting Information [Line Items]
Revenues, net	662,464	586,568
Europe
Segment Reporting Information [Line Items]
Revenues, net	79,434	86,264
Other Geographic Locations
Segment Reporting Information [Line Items]
Revenues, net	$ 42,323	$ 67,991

Segment Information (Long-lived assets by Geographic Location) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 251,841	$ 246,262
United States
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	209,903	202,833
Europe
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	26,554	27,218
Other Geographic Locations
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 15,384	$ 16,211

Condensed Consolidating Financial Statements (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 3,152,000	$ 3,152,584
Parent percentage of ownership in guarantor subsidiaries	100.00%
4.75% Notes due December 2022
Debt Instrument [Line Items]
Interest rate	4.75%
5.00% Notes due April 2024
Debt Instrument [Line Items]
Interest rate	5.00%
4.75% Notes due August 2025
Debt Instrument [Line Items]
Interest rate	4.75%
Senior Notes \| 4.75% Notes due December 2022
Debt Instrument [Line Items]
Long-term debt	$ 600,000	600,000
Senior Notes \| 5.00% Notes due April 2024
Debt Instrument [Line Items]
Long-term debt	1,000,000	1,000,000
Senior Notes \| 4.75% Notes due August 2025
Debt Instrument [Line Items]
Long-term debt	$ 800,000	$ 800,000

Condensed Consolidating Financial Statements (Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 683,682	$ 554,886	$ 529,200	$ 558,783
Accounts receivable, trade (less allowance for doubtful accounts)	829,704	835,977
Current portion of program rights, net	433,862	440,739
Prepaid expenses and other current assets	157,972	131,809
Total current assets	2,105,220	1,963,411
Property and equipment, net of accumulated depreciation	251,841	246,262
Investment in affiliates	0	0
Program rights, net	1,154,265	1,214,051
Long-term intercompany notes receivable	0	0
Deferred carriage fees, net	14,871	16,831
Intangible assets, net	569,527	578,907
Goodwill	797,793	798,037
Deferred tax asset, net	19,927	19,272
Operating lease right-of-use asset	174,563	0
Other assets	433,907	441,792
Total assets	5,521,914	5,278,563
Current Liabilities:
Accounts payable	107,392	107,066
Accrued liabilities and intercompany payable	249,950	264,918
Current portion of program rights obligations	321,914	343,589
Deferred revenue	51,261	55,424
Current portion of long-term debt	30,125	21,334
Current portion of lease obligations		5,090
Current portion of lease obligations	31,341
Total current liabilities	791,983	797,421
Program rights obligations	342,173	373,249
Long-term debt	3,080,800	3,088,221
Lease obligations		21,427
Lease obligations	224,684
Deferred tax liability, net	137,567	145,443
Other liabilities and intercompany notes payable	160,368	208,036
Total liabilities	4,737,575	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	299,802	299,558
Stockholders' equity:
AMC Networks stockholders' equity	455,390	316,680
Non-redeemable noncontrolling interests	29,147	28,528
Total stockholders' equity	484,537	345,208	261,111	163,945
Total liabilities and stockholders' equity	5,521,914	5,278,563
Eliminations
Current Assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, trade (less allowance for doubtful accounts)	0	0
Current portion of program rights, net	(201)	(218)
Prepaid expenses and other current assets	(69,140)	(57,219)
Total current assets	(69,341)	(57,437)
Property and equipment, net of accumulated depreciation	0	0
Investment in affiliates	(5,482,255)	(5,311,086)
Program rights, net	(1,437)	(1,613)
Long-term intercompany notes receivable	(218)	(190)
Deferred carriage fees, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Deferred tax asset, net	0	0
Operating lease right-of-use asset	0
Other assets	0
Total assets	(5,553,251)	(5,370,326)
Current Liabilities:
Accounts payable	0	0
Accrued liabilities and intercompany payable	(70,850)	(59,050)
Current portion of program rights obligations	0	0
Deferred revenue	0	0
Current portion of long-term debt	0	0
Current portion of lease obligations		0
Current portion of lease obligations	0
Total current liabilities	(70,850)	(59,050)
Program rights obligations	0	0
Long-term debt	0	0
Lease obligations		0
Lease obligations	0
Deferred tax liability, net	0	0
Other liabilities and intercompany notes payable	(146)	(190)
Total liabilities	(70,996)	(59,240)
Commitments and contingencies
Redeemable noncontrolling interests	0	0
Stockholders' equity:
AMC Networks stockholders' equity	(5,482,255)	(5,311,086)
Non-redeemable noncontrolling interests	0	0
Total stockholders' equity	(5,482,255)	(5,311,086)
Total liabilities and stockholders' equity	(5,553,251)	(5,370,326)
Parent Company
Current Assets:
Cash and cash equivalents	827	121	184	320
Accounts receivable, trade (less allowance for doubtful accounts)	19	16
Current portion of program rights, net	0	0
Prepaid expenses and other current assets	58	6,543
Total current assets	904	6,680
Property and equipment, net of accumulated depreciation	0	0
Investment in affiliates	3,844,267	3,656,003
Program rights, net	0	0
Long-term intercompany notes receivable	0	0
Deferred carriage fees, net	0	0
Intangible assets, net	0	0
Goodwill	0	0
Deferred tax asset, net	0	0
Operating lease right-of-use asset	101,521
Other assets	0	0
Total assets	3,946,692	3,662,683
Current Liabilities:
Accounts payable	0	0
Accrued liabilities and intercompany payable	79,873	35,189
Current portion of program rights obligations	0	0
Deferred revenue	0	0
Current portion of long-term debt	28,125	18,750
Current portion of lease obligations		0
Current portion of lease obligations	13,505
Total current liabilities	121,503	53,939
Program rights obligations	0	0
Long-term debt	3,080,800	3,088,221
Lease obligations		0
Lease obligations	125,814
Deferred tax liability, net	131,723	140,474
Other liabilities and intercompany notes payable	31,463	63,369
Total liabilities	3,491,303	3,346,003
Commitments and contingencies
Redeemable noncontrolling interests	0	0
Stockholders' equity:
AMC Networks stockholders' equity	455,389	316,680
Non-redeemable noncontrolling interests	0	0
Total stockholders' equity	455,389	316,680
Total liabilities and stockholders' equity	3,946,692	3,662,683
Guarantor Subsidiaries
Current Assets:
Cash and cash equivalents	477,816	368,151	354,419	391,248
Accounts receivable, trade (less allowance for doubtful accounts)	589,936	600,121
Current portion of program rights, net	293,477	292,002
Prepaid expenses and other current assets	194,921	158,936
Total current assets	1,556,150	1,419,210
Property and equipment, net of accumulated depreciation	182,433	175,040
Investment in affiliates	1,637,988	1,655,083
Program rights, net	918,943	969,802
Long-term intercompany notes receivable	0	0
Deferred carriage fees, net	14,055	15,993
Intangible assets, net	158,947	161,417
Goodwill	64,950	65,282
Deferred tax asset, net	0	0
Operating lease right-of-use asset	20,085
Other assets	171,200	149,724
Total assets	4,724,751	4,611,551
Current Liabilities:
Accounts payable	38,969	34,630
Accrued liabilities and intercompany payable	116,858	173,836
Current portion of program rights obligations	243,013	259,414
Deferred revenue	28,632	34,608
Current portion of long-term debt	0	0
Current portion of lease obligations		2,941
Current portion of lease obligations	6,568
Total current liabilities	434,040	505,429
Program rights obligations	323,343	349,814
Long-term debt	0	0
Lease obligations		1,420
Lease obligations	21,833
Deferred tax liability, net	0	0
Other liabilities and intercompany notes payable	101,268	98,885
Total liabilities	880,484	955,548
Commitments and contingencies
Redeemable noncontrolling interests	0	0
Stockholders' equity:
AMC Networks stockholders' equity	3,844,267	3,656,003
Non-redeemable noncontrolling interests	0	0
Total stockholders' equity	3,844,267	3,656,003
Total liabilities and stockholders' equity	4,724,751	4,611,551
Non- Guarantor Subsidiaries
Current Assets:
Cash and cash equivalents	205,039	186,614	$ 174,597	$ 167,215
Accounts receivable, trade (less allowance for doubtful accounts)	239,749	235,840
Current portion of program rights, net	140,586	148,955
Prepaid expenses and other current assets	32,133	23,549
Total current assets	617,507	594,958
Property and equipment, net of accumulated depreciation	69,408	71,222
Investment in affiliates	0	0
Program rights, net	236,759	245,862
Long-term intercompany notes receivable	218	190
Deferred carriage fees, net	816	838
Intangible assets, net	410,580	417,490
Goodwill	732,843	732,755
Deferred tax asset, net	19,927	19,272
Operating lease right-of-use asset	52,957
Other assets	262,707	292,068
Total assets	2,403,722	2,374,655
Current Liabilities:
Accounts payable	68,423	72,436
Accrued liabilities and intercompany payable	124,069	114,943
Current portion of program rights obligations	78,901	84,175
Deferred revenue	22,629	20,816
Current portion of long-term debt	2,000	2,584
Current portion of lease obligations		2,149
Current portion of lease obligations	11,268
Total current liabilities	307,290	297,103
Program rights obligations	18,830	23,435
Long-term debt	0	0
Lease obligations		20,007
Lease obligations	77,037
Deferred tax liability, net	5,844	4,969
Other liabilities and intercompany notes payable	27,783	45,972
Total liabilities	436,784	391,486
Commitments and contingencies
Redeemable noncontrolling interests	299,802	299,558
Stockholders' equity:
AMC Networks stockholders' equity	1,637,989	1,655,083
Non-redeemable noncontrolling interests	29,147	28,528
Total stockholders' equity	1,667,136	1,683,611
Total liabilities and stockholders' equity	$ 2,403,722	$ 2,374,655

Condensed Consolidating Financial Statements (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Income Statements, Captions [Line Items]
Revenues, net	$ 784,221	$ 740,823
Operating expenses
Technical and operating (excluding depreciation and amortization)	340,148	320,365
Selling, general and administrative	172,512	166,449
Depreciation and amortization	24,056	20,354
Impairment and related charges	0	0
Restructuring expense	2,642	0
Total operating expenses	539,358	507,168
Operating income	244,863	233,655
Other income (expense):
Interest expense, net	(35,445)	(33,186)
Share of affiliates' income	0	0
Loss on extinguishment of debt		0
Miscellaneous, net	(12,785)	16,946
Total other income (expense)	(48,230)	(16,240)
Income from operations before income taxes	196,633	217,415
Income tax expense	(46,476)	(56,879)
Net income including noncontrolling interests	150,157	160,536
Net income attributable to noncontrolling interests	(6,760)	(3,666)
Net income attributable to AMC Networks' stockholders	143,397	156,870
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenues, net	(2,769)	(4,480)
Operating expenses
Technical and operating (excluding depreciation and amortization)	(1,058)	(778)
Selling, general and administrative	(1,900)	(3,699)
Depreciation and amortization	0	0
Impairment and related charges	0	0
Restructuring expense	0	0
Total operating expenses	(2,958)	(4,477)
Operating income	189	(3)
Other income (expense):
Interest expense, net	0	0
Share of affiliates' income	(216,933)	(264,980)
Loss on extinguishment of debt		0
Miscellaneous, net	(189)	3
Total other income (expense)	(217,122)	(264,977)
Income from operations before income taxes	(216,933)	(264,980)
Income tax expense	0	0
Net income including noncontrolling interests	(216,933)	(264,980)
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks' stockholders	(216,933)	(264,980)
Parent Company
Condensed Income Statements, Captions [Line Items]
Revenues, net	0	0
Operating expenses
Technical and operating (excluding depreciation and amortization)	0	0
Selling, general and administrative	0	0
Depreciation and amortization	0	0
Impairment and related charges	0	0
Restructuring expense	0	0
Total operating expenses	0	0
Operating income	0	0
Other income (expense):
Interest expense, net	(38,929)	(36,907)
Share of affiliates' income	224,244	247,482
Loss on extinguishment of debt		0
Miscellaneous, net	(99)	(206)
Total other income (expense)	185,216	210,369
Income from operations before income taxes	185,216	210,369
Income tax expense	(41,819)	(53,499)
Net income including noncontrolling interests	143,397	156,870
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks' stockholders	143,397	156,870
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues, net	574,230	574,917
Operating expenses
Technical and operating (excluding depreciation and amortization)	220,488	222,621
Selling, general and administrative	111,581	122,059
Depreciation and amortization	12,537	10,804
Impairment and related charges	0	0
Restructuring expense	(283)	0
Total operating expenses	344,323	355,484
Operating income	229,907	219,433
Other income (expense):
Interest expense, net	3,183	11,897
Share of affiliates' income	(7,311)	17,498
Loss on extinguishment of debt		0
Miscellaneous, net	709	734
Total other income (expense)	(3,419)	30,129
Income from operations before income taxes	226,488	249,562
Income tax expense	(2,244)	(2,080)
Net income including noncontrolling interests	224,244	247,482
Net income attributable to noncontrolling interests	0	0
Net income attributable to AMC Networks' stockholders	224,244	247,482
Non- Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues, net	212,760	170,386
Operating expenses
Technical and operating (excluding depreciation and amortization)	120,718	98,522
Selling, general and administrative	62,831	48,089
Depreciation and amortization	11,519	9,550
Impairment and related charges	0	0
Restructuring expense	2,925	0
Total operating expenses	197,993	156,161
Operating income	14,767	14,225
Other income (expense):
Interest expense, net	301	(8,176)
Share of affiliates' income	0	0
Loss on extinguishment of debt		0
Miscellaneous, net	(13,206)	16,415
Total other income (expense)	(12,905)	8,239
Income from operations before income taxes	1,862	22,464
Income tax expense	(2,413)	(1,300)
Net income including noncontrolling interests	(551)	21,164
Net income attributable to noncontrolling interests	(6,760)	(3,666)
Net income attributable to AMC Networks' stockholders	$ (7,311)	$ 17,498

Condensed Consolidating Financial Statements (Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	$ 150,157	$ 160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762)	18,805
Unrealized loss on interest rate swaps	(639)	0
Other comprehensive income, before income taxes	(6,401)	18,805
Income tax expense	149	0
Other comprehensive income, net of income taxes	(6,252)	18,805
Comprehensive income	143,905	179,341
Comprehensive income attributable to noncontrolling interests	(6,722)	(4,563)
Comprehensive income attributable to AMC Networks' stockholders	137,183	174,778
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	(216,933)	(264,980)
Other comprehensive income (loss):
Foreign currency translation adjustment	5,762	(18,805)
Unrealized loss on interest rate swaps	0
Other comprehensive income, before income taxes	5,762
Income tax expense	0
Other comprehensive income, net of income taxes	5,762	(18,805)
Comprehensive income	(211,171)	(283,785)
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks' stockholders	(211,171)	(283,785)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	143,397	156,870
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762)	18,805
Unrealized loss on interest rate swaps	(639)
Other comprehensive income, before income taxes	(6,401)
Income tax expense	149
Other comprehensive income, net of income taxes	(6,252)	18,805
Comprehensive income	137,145	175,675
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks' stockholders	137,145	175,675
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	224,244	247,482
Other comprehensive income (loss):
Foreign currency translation adjustment	0	0
Unrealized loss on interest rate swaps	0
Other comprehensive income, before income taxes	0
Income tax expense	0
Other comprehensive income, net of income taxes	0	0
Comprehensive income	224,244	247,482
Comprehensive income attributable to noncontrolling interests	0	0
Comprehensive income attributable to AMC Networks' stockholders	224,244	247,482
Non- Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss) including noncontrolling interest	(551)	21,164
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762)	18,805
Unrealized loss on interest rate swaps	0
Other comprehensive income, before income taxes	(5,762)
Income tax expense	0
Other comprehensive income, net of income taxes	(5,762)	18,805
Comprehensive income	(6,313)	39,969
Comprehensive income attributable to noncontrolling interests	(6,722)	(4,563)
Comprehensive income attributable to AMC Networks' stockholders	$ (13,035)	$ 35,406

Condensed Consolidating Financial Statements (Cash Flow) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 171,687	$ 116,972
Cash flows from investing activities:
Capital expenditures	(22,053)	(11,942)
Return of capital from investees	3,908	172
Investment in and loans to investees	0	(42,318)
Payments for acquisition of a business, net of cash acquired	0
Increase (decrease) to investment in affiliates	0	0
Net cash used in investing activities	(18,145)	(54,088)
Cash flows from financing activities:
Deemed repurchases of restricted stock units	(22,959)	(15,354)
Purchase of treasury stock	(991)	(83,637)
Proceeds from stock option exercises	4,630	0
Principal payments on finance lease obligations	(1,309)	(1,406)
Distributions to noncontrolling interests	(5,629)	(1,435)
Proceeds from the issuance of long-term debt	2,521	0
Principal payments on long-term debt	(3,238)	0
Payments for financing costs		0
Net cash used in financing activities	(26,975)	(101,832)
Net increase (decrease) in cash and cash equivalents from operations	126,567	(38,948)
Effect of exchange rate changes on cash and cash equivalents	2,229	9,365
Cash and cash equivalents at beginning of period	554,886	558,783
Cash and cash equivalents at end of period	683,682	529,200
Eliminations
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(217,930)	(264,998)
Cash flows from investing activities:
Capital expenditures	0	0
Return of capital from investees	0	0
Investment in and loans to investees	0	0
Payments for acquisition of a business, net of cash acquired	0
Increase (decrease) to investment in affiliates	183,451	203,739
Net cash used in investing activities	183,451	203,739
Cash flows from financing activities:
Deemed repurchases of restricted stock units	0	0
Purchase of treasury stock	0	0
Proceeds from stock option exercises	0
Principal payments on finance lease obligations	0	0
Distributions to noncontrolling interests	0	0
Proceeds from the issuance of long-term debt	0	0
Principal payments on long-term debt	0	0
Payments for financing costs		0
Net cash used in financing activities	0	0
Net increase (decrease) in cash and cash equivalents from operations	(34,479)	(61,259)
Effect of exchange rate changes on cash and cash equivalents	34,479	61,259
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Parent Company
Cash flows from operating activities:
Net cash provided by (used in) operating activities	197,776	234,947
Cash flows from investing activities:
Capital expenditures	(26)	0
Return of capital from investees	0	0
Investment in and loans to investees	0	0
Payments for acquisition of a business, net of cash acquired	0
Increase (decrease) to investment in affiliates	(177,117)	(141,109)
Net cash used in investing activities	(177,143)	(141,109)
Cash flows from financing activities:
Deemed repurchases of restricted stock units	(22,959)	(15,354)
Purchase of treasury stock	(991)	(83,637)
Proceeds from stock option exercises	4,630
Principal payments on finance lease obligations	0	0
Distributions to noncontrolling interests	0	0
Proceeds from the issuance of long-term debt	0	0
Principal payments on long-term debt	0	0
Payments for financing costs		0
Net cash used in financing activities	(19,320)	(98,991)
Net increase (decrease) in cash and cash equivalents from operations	1,313	(5,153)
Effect of exchange rate changes on cash and cash equivalents	(607)	5,017
Cash and cash equivalents at beginning of period	121	320
Cash and cash equivalents at end of period	827	184
Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	164,138	154,495
Cash flows from investing activities:
Capital expenditures	(19,868)	(11,040)
Return of capital from investees	0	0
Investment in and loans to investees	0	0
Payments for acquisition of a business, net of cash acquired	0
Increase (decrease) to investment in affiliates	69,120	(129,821)
Net cash used in investing activities	49,252	(140,861)
Cash flows from financing activities:
Deemed repurchases of restricted stock units	0	0
Purchase of treasury stock	0	0
Proceeds from stock option exercises	0
Principal payments on finance lease obligations	(786)	(723)
Distributions to noncontrolling interests	0	0
Proceeds from the issuance of long-term debt	0	0
Principal payments on long-term debt	0	0
Payments for financing costs		0
Net cash used in financing activities	(786)	(723)
Net increase (decrease) in cash and cash equivalents from operations	212,604	12,911
Effect of exchange rate changes on cash and cash equivalents	(102,939)	(49,740)
Cash and cash equivalents at beginning of period	368,151	391,248
Cash and cash equivalents at end of period	477,816	354,419
Non- Guarantor Subsidiaries
Cash flows from operating activities:
Net cash provided by (used in) operating activities	27,703	(7,472)
Cash flows from investing activities:
Capital expenditures	(2,159)	(902)
Return of capital from investees	3,908	172
Investment in and loans to investees	0	(42,318)
Payments for acquisition of a business, net of cash acquired	0
Increase (decrease) to investment in affiliates	(75,454)	67,191
Net cash used in investing activities	(73,705)	24,143
Cash flows from financing activities:
Deemed repurchases of restricted stock units	0	0
Purchase of treasury stock	0	0
Proceeds from stock option exercises	0
Principal payments on finance lease obligations	(523)	(683)
Distributions to noncontrolling interests	(5,629)	(1,435)
Proceeds from the issuance of long-term debt	2,521	0
Principal payments on long-term debt	(3,238)	0
Payments for financing costs		0
Net cash used in financing activities	(6,869)	(2,118)
Net increase (decrease) in cash and cash equivalents from operations	(52,871)	14,553
Effect of exchange rate changes on cash and cash equivalents	71,296	(7,171)
Cash and cash equivalents at beginning of period	186,614	167,215
Cash and cash equivalents at end of period	$ 205,039	$ 174,597

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 12,784,000
Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	12,784,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 12,784,000

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2019	Apr. 26, 2019
Entity Registrant Name	AMC Networks Inc.
Entity Central Index Key	0001514991
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Entity Common Stock, Shares Outstanding		45,326,464
Class B Common Stock
Entity Common Stock, Shares Outstanding		11,484,408

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 683,682	$ 554,886
Accounts receivable, trade (less allowance for doubtful accounts of $9,267 and $10,788)	829,704	835,977
Current portion of program rights, net	433,862	440,739
Prepaid expenses and other current assets	157,972	131,809
Total current assets	2,105,220	1,963,411
Property and equipment, net of accumulated depreciation of $308,699 and $293,918	251,841	246,262
Program rights, net	1,154,265	1,214,051
Deferred carriage fees, net	14,871	16,831
Intangible assets, net	569,527	578,907
Goodwill	797,793	798,037
Deferred tax asset, net	19,927	19,272
Operating lease right-of-use asset	174,563	0
Other assets	433,907	441,792
Total assets	5,521,914	5,278,563
Current Liabilities:
Accounts payable	107,392	107,066
Accrued liabilities	249,950	264,918
Current portion of program rights obligations	321,914	343,589
Deferred revenue	51,261	55,424
Current portion of long-term debt	30,125	21,334
Current portion of lease obligations	31,341
Current portion of lease obligations		5,090
Total current liabilities	791,983	797,421
Program rights obligations	342,173	373,249
Long-term debt	3,080,800	3,088,221
Lease obligations	224,684
Lease obligations		21,427
Deferred tax liability, net	137,567	145,443
Other liabilities	160,368	208,036
Total liabilities	4,737,575	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	299,802	299,558
Stockholders' equity:
Preferred stock, $0.01 par value, 45,000 shares authorized; none issued	0	0
Paid-in capital	242,322	239,767
Accumulated earnings	1,372,339	1,228,942
Treasury stock, at cost (18,525 and 18,507 shares Class A Common Stock, respectively)	(993,574)	(992,583)
Accumulated other comprehensive loss	(166,446)	(160,194)
Total AMC Networks stockholders' equity	455,390	316,680
Non-redeemable noncontrolling interests	29,147	28,528
Total stockholders' equity	484,537	345,208
Total liabilities and stockholders' equity	5,521,914	5,278,563
Class A Common Stock
Stockholders' equity:
Common stock	634	633
Class B Common Stock
Stockholders' equity:
Common stock	$ 115	$ 115

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts receivable, trade, allowance for doubtful accounts	$ 9,267	$ 10,788
Property and equipment, accumulated depreciation	$ 308,699	$ 293,918
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	45,000,000	45,000,000
Preferred stock, shares issued	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	360,000,000	360,000,000
Common stock shares issued	63,851,000	63,255,000
Common stock, shares outstanding	45,326,000	44,749,000
Treasury stock, shares	18,525,000	18,507,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	90,000,000	90,000,000
Common stock shares issued	11,484,000	11,484,000
Common stock, shares outstanding	11,484,000	11,484,000

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenues, net	$ 784,221	$ 740,823
Operating expenses
Technical and operating (excluding depreciation and amortization)	340,148	320,365
Selling, general and administrative	172,512	166,449
Depreciation and amortization	24,056	20,354
Restructuring expense	2,642	0
Total operating expenses	539,358	507,168
Operating income	244,863	233,655
Other income (expense):
Interest expense	(39,645)	(38,205)
Interest income	4,200	5,019
Miscellaneous, net	(12,785)	16,946
Total other income (expense)	(48,230)	(16,240)
Income from operations before income taxes	196,633	217,415
Income tax expense	(46,476)	(56,879)
Net income including noncontrolling interests	150,157	160,536
Net income attributable to noncontrolling interests	(6,760)	(3,666)
Net income attributable to AMC Networks' stockholders	$ 143,397	$ 156,870
Net income per share attributable to AMC Networks' stockholders:
Basic (in dollars per share)	$ 2.53	$ 2.57
Diluted (in dollars per share)	$ 2.48	$ 2.54
Weighted average common shares
Basic (in shares)	56,588	60,967
Diluted (in shares)	57,725	61,719

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss) including noncontrolling interest	$ 150,157	$ 160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762)	18,805
Unrealized loss on interest rate swaps	(639)	0
Other comprehensive income, before income taxes	(6,401)	18,805
Income tax expense	149	0
Other comprehensive income, net of income taxes	(6,252)	18,805
Comprehensive income	143,905	179,341
Comprehensive income attributable to noncontrolling interests	(6,722)	(4,563)
Comprehensive income attributable to AMC Networks' stockholders	$ 137,183	$ 174,778

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	AMC Networks Stockholders’ Equity	Noncontrolling Interests	Class A Common Stock Common Stock	Class B Common Stock Common Stock
Beginning Balance (in shares) at Dec. 31, 2017								627	115
Beginning Balance at Dec. 31, 2017	$ 163,945	$ 191,303	$ 766,725	$ (709,440)	$ (114,386)	$ 134,944	$ 29,001
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	156,870		156,870			156,870
Net income attributable to non-redeemable noncontrolling interests	469						469
Settlement of treasury stock	995	995				995
Treasury stock not yet settled	(9,980)	(9,980)				(9,980)
Other comprehensive income	18,805				18,804	18,804
Other comprehensive income	19,701						897
Share-based compensation expense	15,319	15,319				15,319
Treasury stock acquired	(83,637)			(83,637)		(83,637)
Restricted stock units converted to shares	(15,355)	(15,359)				(15,355)		$ 4
Ending Balance (in shares) at Mar. 31, 2018								631	115
Ending Balance at Mar. 31, 2018	261,111	182,278	936,379	(793,077)	(95,582)	230,744	30,367
Beginning Balance (in shares) at Dec. 31, 2018								633	115
Beginning Balance at Dec. 31, 2018	345,208	239,767	1,228,942	(992,583)	(160,194)	316,680	28,528
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to AMC Networks’ stockholders	143,397		143,397			143,397
Net income attributable to non-redeemable noncontrolling interests	942						942
Distributions to noncontrolling member	(361)						(361)
Settlement of treasury stock	985	985				985
Other comprehensive income	(6,252)				(6,252)	(6,252)
Other comprehensive income	(6,214)						38
Share-based compensation expense	19,899	19,899				19,899
Treasury stock acquired	(991)			(991)		(991)
Proceeds from the exercise of stock options	4,630	4,630				4,630
Restricted stock units converted to shares	(22,958)	(22,959)				(22,958)		$ 1
Ending Balance (in shares) at Mar. 31, 2019								634	115
Ending Balance at Mar. 31, 2019	$ 484,537	$ 242,322	$ 1,372,339	$ (993,574)	$ (166,446)	$ 455,390	$ 29,147

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income including noncontrolling interests	$ 150,157	$ 160,536
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	24,056	20,354
Share-based compensation expense related to equity classified awards	19,899	15,319
Non-cash restructuring charges	1,171	0
Amortization and write-off of program rights	205,275	218,626
Amortization of deferred carriage fees	2,710	4,401
Unrealized foreign currency transaction gain	(4,501)	(4,582)
Unrealized gain on derivative contracts, net	0	(13,984)
Amortization of deferred financing costs and discounts on indebtedness	1,954	1,881
Bad debt expense	2,353	914
Deferred income taxes	(8,858)	31,800
Write-down of non-marketable equity securities and note receivable	17,741	0
Other, net	1,142	(2,348)
Changes in assets and liabilities:
Accounts receivable, trade (including amounts due from related parties, net)	(1,429)	(17,877)
Prepaid expenses and other assets	(26,233)	(5,512)
Program rights and obligations, net	(190,651)	(248,642)
Income taxes payable	40,114	15,723
Deferred revenue	(4,200)	4,980
Deferred carriage fees, net	(422)	(1,610)
Accounts payable, accrued liabilities and other liabilities	(58,591)	(63,007)
Net cash provided by operating activities	171,687	116,972
Cash flows from investing activities:
Capital expenditures	(22,053)	(11,942)
Return of capital from investees	3,908	172
Investment in and loans to investees	0	(42,318)
Net cash used in investing activities	(18,145)	(54,088)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	2,521	0
Principal payments on long-term debt	(3,238)	0
Deemed repurchases of restricted stock units	(22,959)	(15,354)
Purchase of treasury stock	(991)	(83,637)
Proceeds from stock option exercises	4,630	0
Principal payments on finance lease obligations	(1,309)	(1,406)
Distributions to noncontrolling interests	(5,629)	(1,435)
Net cash used in financing activities	(26,975)	(101,832)
Net increase (decrease) in cash and cash equivalents from operations	126,567	(38,948)
Effect of exchange rate changes on cash and cash equivalents	2,229	9,365
Cash and cash equivalents at beginning of period	554,886	558,783
Cash and cash equivalents at end of period	$ 683,682	$ 529,200

Description of Business and Basis of Presentation

3 Months Ended

Mar. 31, 2019

Description of Business and Basis of Presentation

Description of Business

•

Basis of Presentation

Principles of Consolidation

Unaudited Interim Financial Statements

The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2019.

Program Rights

Use of Estimates

Adoption of New Lease Standard

Recently Issued Accounting Pronouncements

Revenue Recognition

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer

Revenue Recognition

Transaction Price Allocated to Future Performance Obligations

Contract Balances from Contracts with Customers

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.



(In thousands)	March 31, 2019		December 31, 2018
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,029,236	$	1,018,105
Contract assets, short-term (included in Other current assets)	14,616		9,131
Contract assets, long-term (included in Other assets)	8,696		8,136
Contract liabilities (Deferred revenue)	51,261		55,424

Revenue recognized for the three months ended March 31, 2019 relating to the contract liability at December 31, 2018 was $7.1 million.

Net Income per Share

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Net Income per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019	2018
Basic weighted average common shares outstanding	56,588	60,967
Effect of dilution:
Stock options	33	—
Restricted stock units	1,104	752
Diluted weighted average common shares outstanding	57,725	61,719

Stock Repurchase Program

Restructuring

3 Months Ended

Mar. 31, 2019

Restructuring

The following table summarizes the accrued restructuring costs:



(In thousands)	Severance and employee-related costs			Other exit costs			Total
Balance at December 31, 2018	$	33,774		$	1,415		$	35,189
Charges	1,075			1,567			2,642
Cash payments	(17,089		)	(333		)	(17,422		)
Non-cash adjustments	(737		)	(2,577		)	(3,314		)
Currency translation	45			36			81
Balance at March 31, 2019	$	17,068		$	108		$	17,176

Accrued restructuring costs of $11.7 million are included in accrued liabilities and $5.4 million are included in other liabilities (long-term) in the consolidated balance sheet at March 31, 2019.

Business Combinations

3 Months Ended

Mar. 31, 2019

Business Combination Disclosure

Business Combinations

RLJ Entertainment

for African-American and urban audiences. In addition, RLJE owns a majority interest in Agatha Christie Ltd., a popular world-class franchise.



Fair value of equity consideration transferred	$	41,513
Fair value of previously held equity interest	130,890
Fair value of redeemable noncontrolling interest	103,359
	$	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Programming rights	69,775
Property and equipment	2,841
Other assets (equity method investments)	36,700
Intangible assets	126,600
Accounts payable	(12,008		)
Accrued liabilities	(41,501		)
Debt	(25,187		)
	177,859
Goodwill	97,903
	$	275,762

Levity Entertainment Group LLC

The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands).



Cash paid for controlling interest	$	48,350
Redeemable noncontrolling interest	30,573
	$	78,923
Allocation to net assets acquired:
Cash	13,471
Other current assets	17,251
Property and equipment	20,663
Intangible assets	46,413
Other noncurrent assets	3,306
Current liabilities	(23,647		)
Noncurrent liabilities	(21,394		)
Noncontrolling interests acquired	(1,354		)
Fair value of net assets acquired	54,709
Goodwill	24,214
	$	78,923

Unaudited Pro forma financial information



(In thousands, except per share data)	Pro Forma Financial Information For the Three Months Ended March 31, 2018
(In thousands, except per share data)
Revenues, net	$	799,137
Income from operations before income taxes	$	148,210
Net income per share, basic	$	2.43
Net income per share, diluted	$	2.40

Investments	3 Months Ended
Investments	Mar. 31, 2019
Investments [Abstract]
Investments	Investments The Company holds several investments and loans in non-consolidated entities which are included in Other assets in the condensed consolidated balance sheet. Equity method investments were $85.8 million at March 31, 2019 and $90.9 million at December 31, 2018. Marketable Equity Securities The Company classifies publicly traded investments with readily determinable fair values that are not accounted for under the equity method as marketable equity securities. Marketable equity securities are recorded at cost and adjusted to fair value at each reporting period. The changes in fair value between measurement dates are recorded in realized and unrealized gains (losses) on equity securities, included in Miscellaneous, net in the condensed consolidated statement of income. Investments in marketable equity securities were $1.4 million at March 31, 2019 and $1.2 million at December 31, 2018. Non-marketable Equity Securities The Company classifies investments without readily determinable fair values that are not accounted for under the equity method as non-marketable equity securities. The accounting guidance requires non-marketable equity securities to be recorded at cost and adjusted to fair value at each reporting period. However, the guidance allows for a measurement alternative, which is to record the investments at cost, less impairment, if any, and subsequently adjust for observable price changes of identical or similar investments of the same issuer. The Company applies this measurement alternative to its non-marketable equity securities. When an observable event occurs, the Company estimates the fair values of its non-marketable equity securities based on Level 2 inputs that are derived from observable price changes of similar securities adjusted for insignificant differences in rights and obligations. The changes in value are recorded in realized and unrealized gains (losses) on equity securities, included in Miscellaneous, net in the condensed consolidated statement of income. Investments in non-marketable equity securities were $61.8 million at March 31, 2019 and $71.8 million at December 31, 2018. For the three months ended March 31, 2019, the Company recognized impairment charges of $17.7 million related to the partial write-down of certain non-marketable equity securities and a note receivable, included in Miscellaneous, net in the condensed consolidated statement of income.

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The carrying amount of goodwill, by operating segment is as follows:



(In thousands)	National Networks			International and Other			Total
December 31, 2018	$	238,431		$	559,606		$	798,037
Puchase accounting adjustments	—			(1,748		)	(1,748		)
Amortization of "second component" goodwill	(332		)	—			(332		)
Foreign currency translation	—			1,836			1,836
March 31, 2019	$	238,099		$	559,694		$	797,793

Purchase accounting adjustments relate to the acquisition of RLJE (see Note 5).

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907



(In thousands)
Years Ending December 31,
2019	$	44,784
2020	47,216
2021	46,422
2022	46,159
2023	46,076

Accrued Liabilities

3 Months Ended

Mar. 31, 2019

Accrued Liabilities

Accrued liabilities consist of the following:



(In thousands)	March 31, 2019		December 31, 2018
Interest	$	40,066	$	30,018
Employee related costs	58,202		100,729
Income taxes payable	41,425		1,527
Other accrued expenses	110,257		132,644
Total accrued liabilities	$	249,950	$	264,918

Long-term Debt

3 Months Ended

Mar. 31, 2019

Long-term Debt

The Company's long-term debt consists of the following:



(In thousands)	March 31, 2019			December 31, 2018
Senior Secured Credit Facility: ^(a)
Term Loan A Facility	$	750,000		$	750,000
Senior Notes:
4.75% Notes due August 2025	800,000			800,000
5.00% Notes due April 2024	1,000,000			1,000,000
4.75% Notes due December 2022	600,000			600,000
Other debt	2,000			2,584
Total long-term debt	3,152,000			3,152,584
Unamortized discount	(28,010		)	(29,181		)
Unamortized deferred financing costs	(13,065		)	(13,848		)
Long-term debt, net	3,110,925			3,109,555
Current portion of long-term debt	30,125			21,334
Noncurrent portion of long-term debt	$	3,080,800		$	3,088,221

(a)

The Company's $500 million revolving credit facility remains undrawn at March 31, 2019. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

Leases

3 Months Ended

Mar. 31, 2019

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

Fair Value Measurement

3 Months Ended

Mar. 31, 2019

Fair Value Measurement


•	Level I - Quoted prices for identical instruments in active markets.


•	Level II - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.


•	Level III - Instruments whose significant value drivers are unobservable.



(In thousands)	Level I		Level II		Level III		Total
At March 31, 2019:
Assets
Cash equivalents	$	120,119	$	—	$	—	$	120,119
Marketable securities	1,405		—		—		1,405
Foreign currency derivatives	—		2,957		—		2,957
Liabilities
Interest rate swap contracts	$	—	$	995	$	—	$	995
Foreign currency derivatives	—		$	2,247	$	—	2,247
At December 31, 2018:
Assets
Cash equivalents	$	68,498	$	—	$	—	$	68,498
Marketable securities	1,173		—		—		1,173
Foreign currency derivatives	—		3,509		—		3,509
Liabilities
Interest rate swap contracts	$	—	$	356	$	—	$	356
Foreign currency derivatives	—		$	3,121	$	—	3,121

The Company's cash equivalents and marketable securities are classified within Level I of the fair value hierarchy because they are valued using quoted market prices.

At March 31, 2019, the Company does not have any assets or liabilities measured at fair value on a recurring basis that would be considered Level III.

Credit Facility Debt and Senior Notes



(In thousands)	March 31, 2019
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	740,352	$	736,875
4.75% Notes due August 2025	786,894		794,000
5.00% Notes due April 2024	986,838		1,004,900
4.75% Notes due December 2022	594,841		606,750
Other debt	$	2,000	$	2,000
	$	3,110,925	$	3,142,525



(In thousands)	December 31, 2018
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	739,710	$	738,750
4.75% Notes due August 2025	786,458		720,000
5.00% Notes due April 2024	986,275		947,500
4.75% Notes due December 2022	594,528		580,500
Other debt	$	2,584	$	2,584
	$	3,109,555	$	2,989,334

Derivative Instruments and Hedging Activities Disclosure [Abstract]

+ References + Details

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2019

Derivative Financial Instruments

Interest Rate Risk

To manage interest rate risk, the Company enters into interest rate swap contracts to adjust the amount of total debt that is subject to variable interest rates.

Foreign Currency Exchange Rate Risk

The fair values of the Company's derivative financial instruments not designated as hedging instruments included in the condensed consolidated balance sheets are as follows:



(In thousands)	Balance Sheet Location	March 31, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Liabilities:
Interest rate swap contracts	Accrued liabilities	$	995	$	356
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	1,270	$	1,452
Foreign currency derivatives	Other assets	1,687		2,057
Liabilities:
Foreign currency derivatives	Accrued liabilities	$	597	$	700
Foreign currency derivatives	Other liabilities	1,650		2,421

The amounts of gains and losses related to the Company's derivative financial instruments designated as hedging instruments are as follows:



(In thousands)	Gain or (Loss) on Derivatives Recognized in OCI					Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified from Accumulated OCI into Earnings
	Three Months Ended March 31,						Three Months Ended March 31,
	2019			2018			2019		2018
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(651	)	$	—	Interest expense	$	12	$	—

The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:



(In thousands)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2019		2018
Interest rate swap contracts	Interest expense	$	—	$	(146	)
Foreign currency derivatives	Miscellaneous, net	457		(293		)
Other derivatives	Miscellaneous, net	—		11,687
Total		$	457	$	11,248

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2019, income tax expense was $46.5 million, representing an effective tax rate of 24%. The effective tax rate differs from the federal statutory rate of 21% due primarily to state income tax expense of $3.2 million. For the three months ended March 31, 2018, income tax expense was $56.9 million, representing an effective tax rate of 26%. The effective tax rate differs from the federal statutory rate of 21% due primarily to tax expense of $16.4 million for an increase in valuation allowances for foreign taxes and U.S. foreign tax credits, tax benefit of $8.3 million for the one-time rate change on deferred tax assets and liabilities that resulted from the extension of certain television production cost deductions included in the Bipartisan Budget Act of 2018 (enacted February 9, 2018), tax benefit from foreign subsidiary earnings indefinitely reinvested outside the U.S. of $4.9 million and state income tax expense of $3.8 million. At March 31, 2019, the Company had foreign tax credit carry forwards of approximately $25.3 million, expiring on various dates from 2022 through 2029. These carryforwards have been reduced by a valuation allowance of $25.3 million as it is more likely than not that these carry forwards will not be realized. For the three months ended March 31, 2019, $0.3 million relating to amortization of tax deductible second component goodwill was realized as a reduction in tax liability (as determined on a 'with-and-without' approach).

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of March 31, 2019, the Company's contractual obligations not reflected on the Company's condensed consolidated balance sheet decreased $200.7 million, as compared to December 31, 2018, to $923.1 million. The decrease relates to the adoption of the new lease standard requiring the recognition of operating leases on the balance sheet rather than disclosed as contractual obligations. Legal Matters On December 17, 2013, Frank Darabont ("Darabont"), Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC (together, the "2013 Plaintiffs"), filed a complaint in New York Supreme Court in connection with Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead and the agreement between the parties related thereto. The Plaintiffs asserted claims for breach of contract, breach of the covenant of good faith and fair dealing, for an accounting and for declaratory relief. On August 19, 2015, Plaintiffs filed their First Amended Complaint (the "Amended Complaint"), in which they retracted their claims for wrongful termination and failure to apply production tax credits in calculating Plaintiffs' contingent compensation. Plaintiffs also added a claim that Darabont is entitled to a larger share, on a percentage basis, of contingent compensation than he is currently being accorded. On September 26, 2016, Plaintiffs filed their note of issue and certificate of readiness for trial, which included a claim for damages of no less than $280 million. The parties each filed motions for summary judgment. Oral arguments of the summary judgment motions took place on September 15, 2017. On April 19, 2018, the Court granted the Company’s motion for leave to submit supplemental summary judgment briefing. A hearing on the supplemental summary judgment submissions was held on June 13, 2018. On December 10, 2018, the Court denied Plaintiffs' motion for partial summary judgment and granted in part Defendants' motion for summary judgment, dismissing four of Plaintiffs' causes of action. The Company believes that the remaining claims are without merit, denies the allegations and continues to defend the case vigorously. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. On January 18, 2018, the 2013 Plaintiffs filed a second action in New York Supreme Court in connection with Darabont’s services on The Walking Dead television series and agreements between the parties related thereto. The claims in the action allegedly arise from Plaintiffs' audit of their participation statements covering the accounting period from inception of The Walking Dead through September 30, 2014. Plaintiffs seek no less than $20 million in damages on claims for breach of contract, breach of the covenant of good faith and fair dealing, and declaratory relief. The Company filed an Answer to the Complaint on April 16, 2018. On August 30, 2018, Plaintiff's filed an Amended Compliant, and on September 19, 2018, the Company answered. The parties have agreed to consolidate this action for a joint trial with the action Plaintiffs filed in the New York Supreme Court on December 17, 2013. The trial is scheduled to begin on May 4, 2020. The Company believes that the asserted claims are without merit, denies the allegations and will defend the case vigorously. The parties in the second action are presently engaged in fact discovery. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. On August 14, 2017, Robert Kirkman, Robert Kirkman, LLC, Glen Mazzara, 44 Strong Productions, Inc., David Alpert, Circle of Confusion Productions, LLC, New Circle of Confusion Productions, Inc., Gale Anne Hurd, and Valhalla Entertainment, Inc. f/k/a Valhalla Motion Pictures, Inc. (together, the "California Plaintiffs") filed a complaint in California Superior Court in connection with California Plaintiffs’ rendering of services as writers and producers of the television series entitled The Walking Dead, as well as Fear the Walking Dead and/or Talking Dead, and the agreements between the parties related thereto (the "California Action"). The California Plaintiffs asserted that the Company has been improperly underpaying the California Plaintiffs under their contracts with the Company and they assert claims for breach of contract, breach of the covenant of good faith and fair dealing, inducing breach of contract, and liability for violation of Cal. Bus. & Prof. Code § 17200. On August 15, 2017, two of the California Plaintiffs, Gale Anne Hurd and David Alpert (and their associated loan-out companies), along with Charles Eglee and his loan-out company, United Bongo Drum, Inc., filed a complaint in New York Supreme Court alleging nearly identical claims as the California Action (the "New York Action"). Hurd, Alpert, and Eglee filed the New York Action in connection with their contract claims involving The Walking Dead because their agreements contained exclusive New York jurisdiction provisions. On October 23, 2017, the parties stipulated to discontinuing the New York Action without prejudice and consolidating all of the claims in the California Action. The California Plaintiffs seek compensatory and punitive damages and restitution. The Company filed an Answer on April 30, 2018 and believes that the asserted claims are without merit and will vigorously defend against them. The parties are presently engaged in fact discovery. At this time, no determination can be made as to the ultimate outcome of this litigation or the potential liability, if any, on the part of the Company. The Company is party to various lawsuits and claims in the ordinary course of business, including the matters described above. Although the outcome of these matters cannot be predicted with certainty and while the impact of these matters on the Company's results of operations in any particular subsequent reporting period could be material, management does not believe that the resolution of these matters will have a material adverse effect on the financial position of the Company or the ability of the Company to meet its financial obligations as they become due.

Equity Plans	3 Months Ended
Equity Plans	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Plans	Equity Plans In March 2019, AMC Networks granted 498,320 restricted stock units ("RSUs") and 390,566 performance restricted stock units ("PRSUs") to certain executive officers and employees under the AMC Networks Inc. 2016 Employee Stock Plan. The RSUs vest ratably over a three-year period and the vesting criteria for 165,194 RSUs include the achievement of certain performance targets by the Company. The PRSUs vest on the third anniversary of the grant date. The target number of PRSUs granted represents the right to receive a corresponding number of shares, subject to adjustment based on the performance of the Company against target performance criteria for a three-year period. The number of shares issuable at the end of the applicable measurement period ranges from 0% to 200% of the target PRSU award. During the three months ended March 31, 2019, 518,583 RSUs and 349,761 PRSUs of AMC Networks Class A Common Stock previously issued to employees of the Company vested. On the vesting date, 217,265 RSUs and 150,771 PRSUs were surrendered to the Company to cover the required statutory tax withholding obligations and 301,318 RSU and 198,990 PRSU new shares of AMC Networks Class A Common Stock were issued. The units surrendered to satisfy the employees' statutory minimum tax withholding obligations for the applicable income and other employment tax had an aggregate value of $23.0 million, which has been reflected as a financing activity in the condensed consolidated statement of cash flows for the three months ended March 31, 2019. Share-based compensation expense included in selling, general and administrative expense, for the three months ended March 31, 2019 and March 31, 2018 was $19.9 million, and $15.3 million, respectively. As of March 31, 2019, there was $120.1 million of total unrecognized share-based compensation cost related to outstanding unvested share-based awards. The unrecognized compensation cost is expected to be recognized over a weighted-average remaining period of approximately 2.5 years.

Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2019

Redeemable Noncontrolling Interests

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2019.



(In thousands)	Three Months Ended March 31, 2019
December 31, 2018	$	299,558
Net earnings	5,819
Distributions	(5,268		)
Other	(307		)
March 31, 2019	$	299,802

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its related parties routinely enter into transactions with each other in the ordinary course of business. Revenues, net from related parties amounted to $1.2 million and $1.6 million for the three months ended March 31, 2019 and March 31, 2018, respectively. Amounts charged to the Company, included in selling, general and administrative expenses, pursuant to transactions with its related parties amounted to $0.7 million and $0.5 million for the three months ended March 31, 2019 and 2018, respectively.

Cash Flows

3 Months Ended

Mar. 31, 2019

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Cash Flows

The Company's non-cash investing and financing activities and other supplemental data are as follows:



(In thousands)	Three Months Ended March 31,
	2019		2018
Non-Cash Investing and Financing Activities:
Capital expenditures incurred but not yet paid	$	2,216	$	6,070
Treasury stock not yet settled	—		9,980
Supplemental Data:
Cash interest paid	28,235		25,634
Income taxes paid, net	6,426		6,243

Segment Information

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Segment Information



(In thousands)	Three Months Ended March 31, 2019
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	239,089	$	21,206		$	—		$	260,295
Distribution	377,029		149,882			(2,985		)	523,926
Consolidated revenues, net	$	616,118	$	171,088		$	(2,985	)	$	784,221
Operating income (loss)	$	251,502	$	(13,748	)	$	7,109		$	244,863
Share-based compensation expense	16,269		3,630			—			19,899
Restructuring expense	303		3,035			(696		)	2,642
Depreciation and amortization	8,612		15,444			—			24,056
Equity investees (>50% interest) AOI	—		1,580			—			1,580
Adjusted operating income	$	276,686	$	9,941		$	6,413		$	293,040



(In thousands)	Three Months Ended March 31, 2018
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	225,730	$	22,510		$	—		$	248,240
Distribution	407,298		88,880			(3,595		)	492,583
Consolidated revenues, net	$	633,028	$	111,390		$	(3,595	)	$	740,823
Operating income (loss)	$	249,852	$	(16,814	)	$	617		$	233,655
Share-based compensation expense	12,527		2,792			—			15,319
Depreciation and amortization	8,495		11,859			—			20,354
Adjusted operating income	$	270,874	$	(2,163	)	$	617		$	269,328



(In thousands)	Three Months Ended March 31,
(In thousands)	2019			2018
Inter-segment revenues
National Networks	$	(1,390	)	$	(2,535	)
International and Other	(1,595		)	(1,060		)
	$	(2,985	)	$	(3,595	)

The table below summarizes revenues based on customer location:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019		2018
Revenues
United States	$	662,464	$	586,568
Europe	79,434		86,264
Other	42,323		67,991
	$	784,221	$	740,823

The table below summarizes property and equipment based on asset location:



(In thousands)	March 31, 2019		December 31, 2018
Property and equipment, net
United States	$	209,903	$	202,833
Europe	26,554		27,218
Other	15,384		16,211
	$	251,841	$	246,262

Condensed Consolidating Financial Statements

3 Months Ended

Mar. 31, 2019

Condensed Consolidating Financial Statements

Basis of Presentation

The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.



Condensed Consolidating Balance Sheet
March 31, 2019
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	827	$	477,816	$	205,039	$	—		$	683,682
Accounts receivable, trade (less allowance for doubtful accounts)	19		589,936		239,749		—			829,704
Current portion of program rights, net	—		293,477		140,586		(201		)	433,862
Prepaid expenses, other current assets and intercompany receivable	58		194,921		32,133		(69,140		)	157,972
Total current assets	904		1,556,150		617,507		(69,341		)	2,105,220
Property and equipment, net of accumulated depreciation	—		182,433		69,408		—			251,841
Investment in affiliates	3,844,267		1,637,988		—		(5,482,255		)	—
Program rights, net	—		918,943		236,759		(1,437		)	1,154,265
Long-term intercompany notes receivable	—		—		218		(218		)	—
Deferred carriage fees, net	—		14,055		816		—			14,871
Intangible assets, net	—		158,947		410,580		—			569,527
Goodwill	—		64,950		732,843		—			797,793
Deferred tax asset, net	—		—		19,927		—			19,927
Operating lease right-of-use asset	101,521		20,085		52,957		—			174,563
Other assets	—		171,200		262,707		—			433,907
Total assets	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	38,969	$	68,423	$	—		$	107,392
Accrued liabilities and intercompany payable	79,873		116,858		124,069		(70,850		)	249,950
Current portion of program rights obligations	—		243,013		78,901		—			321,914
Deferred revenue	—		28,632		22,629		—			51,261
Current portion of long-term debt	28,125		—		2,000		—			30,125
Current portion of lease obligations	13,505		6,568		11,268		—			31,341
Total current liabilities	121,503		434,040		307,290		(70,850		)	791,983
Program rights obligations	—		323,343		18,830		—			342,173
Long-term debt, net	3,080,800		—		—		—			3,080,800
Lease obligations	125,814		21,833		77,037		—			224,684
Deferred tax liability, net	131,723		—		5,844		—			137,567
Other liabilities and intercompany notes payable	31,463		101,268		27,783		(146		)	160,368
Total liabilities	3,491,303		880,484		436,784		(70,996		)	4,737,575
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,802		—			299,802
Stockholders' equity:
AMC Networks stockholders' equity	455,389		3,844,267		1,637,989		(5,482,255		)	455,390
Non-redeemable noncontrolling interests	—		—		29,147		—			29,147
Total stockholders' equity	455,389		3,844,267		1,667,136		(5,482,255		)	484,537
Total liabilities and stockholders' equity	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914



Condensed Consolidating Balance Sheet
December 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	121	$	368,151	$	186,614	$	—		$	554,886
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts)	16		600,121		235,840		—			835,977
Current portion of program rights, net	—		292,002		148,955		(218		)	440,739
Prepaid expenses, other current assets and intercompany receivable	6,543		158,936		23,549		(57,219		)	131,809
Total current assets	6,680		1,419,210		594,958		(57,437		)	1,963,411
Property and equipment, net of accumulated depreciation	—		175,040		71,222		—			246,262
Investment in affiliates	3,656,003		1,655,083		—		(5,311,086		)	—
Program rights, net	—		969,802		245,862		(1,613		)	1,214,051
Long-term intercompany notes receivable	—		—		190		(190		)	—
Deferred carriage fees, net	—		15,993		838		—			16,831
Intangible assets, net	—		161,417		417,490		—			578,907
Goodwill	—		65,282		732,755		—			798,037
Deferred tax asset, net	—		—		19,272		—			19,272
Other assets	—		149,724		292,068					441,792
Total assets	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	34,630	$	72,436	$	—		$	107,066
Accrued liabilities and intercompany payable	35,189		173,836		114,943		(59,050		)	264,918
Current portion of program rights obligations	—		259,414		84,175		—			343,589
Deferred revenue	—		34,608		20,816		—			55,424
Current portion of long-term debt	18,750		—		2,584		—			21,334
Current portion of capital lease obligations	—		2,941		2,149		—			5,090
Total current liabilities	53,939		505,429		297,103		(59,050		)	797,421
Program rights obligations	—		349,814		23,435		—			373,249
Long-term debt, net	3,088,221		—		—		—			3,088,221
Capital lease obligations	—		1,420		20,007		—			21,427
Deferred tax liability, net	140,474		—		4,969		—			145,443
Other liabilities and intercompany notes payable	63,369		98,885		45,972		(190		)	208,036
Total liabilities	3,346,003		955,548		391,486		(59,240		)	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,558		—			299,558
Stockholders' equity:
AMC Networks stockholders' equity	316,680		3,656,003		1,655,083		(5,311,086		)	316,680
Non-redeemable noncontrolling interests	—		—		28,528		—			28,528
Total stockholders' equity	316,680		3,656,003		1,683,611		(5,311,086		)	345,208
Total liabilities and stockholders' equity	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,230		$	212,760		$	(2,769	)	$	784,221
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			220,488			120,718			(1,058		)	340,148
Selling, general and administrative	—			111,581			62,831			(1,900		)	172,512
Depreciation and amortization	—			12,537			11,519			—			24,056
Impairment charges	—			—			—			—			—
Restructuring expense	—			(283		)	2,925			—			2,642
Total operating expenses	—			344,323			197,993			(2,958		)	539,358
Operating income	—			229,907			14,767			189			244,863
Other income (expense):
Interest expense, net	(38,929		)	3,183			301			—			(35,445		)
Share of affiliates’ income (loss)	224,244			(7,311		)	—			(216,933		)	—
Miscellaneous, net	(99		)	709			(13,206		)	(189		)	(12,785		)
Total other income (expense)	185,216			(3,419		)	(12,905		)	(217,122		)	(48,230		)
Income from operations before income taxes	185,216			226,488			1,862			(216,933		)	196,633
Income tax expense	(41,819		)	(2,244		)	(2,413		)	—			(46,476		)
Net income including noncontrolling interests	143,397			224,244			(551		)	(216,933		)	150,157
Net income attributable to noncontrolling interests	—			—			(6,760		)	—			(6,760		)
Net income attributable to AMC Networks’ stockholders	$	143,397		$	224,244		$	(7,311	)	$	(216,933	)	$	143,397



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,917		$	170,386		$	(4,480	)	$	740,823
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			222,621			98,522			(778		)	320,365
Selling, general and administrative	—			122,059			48,089			(3,699		)	166,449
Depreciation and amortization	—			10,804			9,550			—			20,354
Impairment and related charges	—			—			—			—			—
Restructuring (credit) expense	—			—			—			—			—
Total operating expenses	—			355,484			156,161			(4,477		)	507,168
Operating income	—			219,433			14,225			(3		)	233,655
Other income (expense):
Interest expense, net	(36,907		)	11,897			(8,176		)	—			(33,186		)
Share of affiliates’ income	247,482			17,498			—			(264,980		)	—
Loss on extinguishment of debt	—			—			—			—			—
Miscellaneous, net	(206		)	734			16,415			3			16,946
Total other income (expense)	210,369			30,129			8,239			(264,977		)	(16,240		)
Income from operations before income taxes	210,369			249,562			22,464			(264,980		)	217,415
Income tax (expense) benefit	(53,499		)	(2,080		)	(1,300		)	—			(56,879		)
Net income including noncontrolling interests	156,870			247,482			21,164			(264,980		)	160,536
Net income attributable to noncontrolling interests	—			—			(3,666		)	—			(3,666		)
Net income attributable to AMC Networks’ stockholders	$	156,870		$	247,482		$	17,498		$	(264,980	)	$	156,870



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	156,870	$	247,482	$	21,164		$	(264,980	)	$	160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	18,805		—		18,805			(18,805		)	18,805
Other comprehensive income, net of income taxes	18,805		—		18,805			(18,805		)	18,805
Comprehensive income	175,675		247,482		39,969			(283,785		)	179,341
Comprehensive income attributable to noncontrolling interests	—		—		(4,563		)	—			(4,563		)
Comprehensive income attributable to AMC Networks’ stockholders	$	175,675	$	247,482	$	35,406		$	(283,785	)	$	174,778



Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	197,776		$	164,138		$	27,703		$	(217,930	)	$	171,687
Cash flows from investing activities:
Capital expenditures	(26		)	(19,868		)	(2,159		)	—			(22,053		)
Return of capital from investees	—			—			3,908			—			3,908
Investment in and loans to investees	—			—			—			—			—
Payments for acquisition of a business, net of cash acquired	—			—			—			—			—
Increase (decrease) to investment in affiliates	(177,117		)	69,120			(75,454		)	183,451			—
Net cash (used in) provided by investing activities	(177,143		)	49,252			(73,705		)	183,451			(18,145		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			2,521			—			2,521
Repayment of long-term debt	—			—			(3,238		)	—			(3,238		)
Deemed repurchases of restricted stock units	(22,959		)	—			—			—			(22,959		)
Purchase of treasury stock	(991		)	—			—			—			(991		)
Proceeds from stock option exercises	4,630			—			—			—			4,630
Principal payments on finance lease obligations	—			(786		)	(523		)	—			(1,309		)
Distributions to noncontrolling interests	—			—			(5,629		)	—			(5,629		)
Net cash used in financing activities	(19,320		)	(786		)	(6,869		)	—			(26,975		)
Net increase (decrease) in cash and cash equivalents from operations	1,313			212,604			(52,871		)	(34,479		)	126,567
Effect of exchange rate changes on cash and cash equivalents	(607		)	(102,939		)	71,296			34,479			2,229
Cash and cash equivalents at beginning of period	121			368,151			186,614			—			554,886
Cash and cash equivalents at end of period	$	827		$	477,816		$	205,039		$	—		$	683,682



Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	234,947		$	154,495		$	(7,472	)	$	(264,998	)	$	116,972
Cash flows from investing activities:
Capital expenditures	—			(11,040		)	(902		)	—			(11,942		)
Return of capital from investees	—			—			172			—			172
Investment in investees	—			—			(42,318		)	—			(42,318		)
Increase (decrease) to investment in affiliates	(141,109		)	(129,821		)	67,191			203,739			—
Net cash (used in) provided by investing activities	(141,109		)	(140,861		)	24,143			203,739			(54,088		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			—			—			—
Principal payments on long-term debt	—			—			—			—			—
Payments for financing costs	—			—			—			—			—
Deemed repurchases of restricted stock units	(15,354		)	—			—			—			(15,354		)
Purchase of treasury stock	(83,637		)	—			—			—			(83,637		)
Principal payments on capital lease obligations	—			(723		)	(683		)	—			(1,406		)
Distributions to noncontrolling interests	—			—			(1,435		)	—			(1,435		)
Net cash used in financing activities	(98,991		)	(723		)	(2,118		)	—			(101,832		)
Net increase (decrease) in cash and cash equivalents from operations	(5,153		)	12,911			14,553			(61,259		)	(38,948		)
Effect of exchange rate changes on cash and cash equivalents	5,017			(49,740		)	(7,171		)	61,259			9,365
Cash and cash equivalents at beginning of period	320			391,248			167,215			—			558,783
Cash and cash equivalents at end of period	$	184		$	354,419		$	174,597		$	—		$	529,200

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Principles of Consolidation The consolidated financial statements include the accounts of AMC Networks and its subsidiaries in which a controlling voting interest is maintained or variable interest entities ("VIEs") in which the Company has determined it is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. Investments in business entities in which the Company lacks control but does have the ability to exercise significant influence over operating and financial policies are accounted for using the equity method of accounting. Unaudited Interim Financial Statements These condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and Article 10 of Regulation S-X of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the Company's consolidated financial statements and notes thereto for the year ended December 31, 2018 contained in the Company's Annual Report on Form 10-K ("2018 Form 10-K") filed with the SEC. The condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, such financial statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2019.
Program Rights	Program RightsThe Company periodically reviews the programming usefulness of its licensed and owned original program rights based on a series of factors, including expected future revenue generation from airings on the Company's networks and other exploitation opportunities, ratings, type and quality of program material, standards and practices, and fitness for exhibition through various forms of distribution. If it is determined that film or other program rights have limited, or no, future programming usefulness, a write-off of the unamortized cost is included in technical and operating expense.
Use of Estimates	Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates and judgments inherent in the preparation of the consolidated financial statements include the useful lives and methodologies used to amortize and assess recoverability of program rights, the estimated useful lives of intangible assets and the valuation and recoverability of goodwill and intangible assets.
Adoption of New Lease Standard and Recently Issued Accounting Pronouncements	Adoption of New Lease Standard The Company adopted ASU No. 2016-02, Leases (Topic 842) on January 1, 2019, using the modified retrospective approach and effective date method. In addition, the Company elected the package of practical expedients, permitted under the transition guidance within the new standard, which among other things, allowed for the carry forward of the historical classification of leases. The adoption of the new standard resulted in additional net lease assets of $180.0 million (which is net of the historical deferred rent liability balance of $57.0 million) and lease liabilities of $237.0 million, respectively, as of January 1, 2019. The new standard did not materially impact our consolidated net income or cash flows. See Note 10 for further discussion regarding leases. Recently Issued Accounting Pronouncements In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU No. 2018-13, Fair Value Measurement (Topic 820). ASU 2018-13 changes the disclosure requirements for fair value measurements and is effective for the first quarter of 2020, with early adoption permitted. ASU 2018-13 changes disclosure requirements related to transfers between Level I and II assets, as well as several aspects surrounding the valuation process and unrealized gains and losses related to Level III assets. The Company is currently evaluating the impact the adoption of the modified disclosure requirements will have on its consolidated financial statements. In March 2019, the FASB issued ASU No. 2019-02, Improvements to Accounting for Costs of Films and License Agreements for Program Materials. ASU 2019-02 aligns the accounting for production costs of episodic television series with the accounting for production costs of films. It also requires an entity to test a film or license agreement within the scope of Subtopic 920-350 for impairment at the film group level, when the film or license agreement is predominantly monetized with other films and/or license agreements. The changes in this standard are effective for the first quarter of 2020, with early adoption permitted. The Company is currently evaluating the impact the adoption of the prospective disclosure requirements will have on its consolidated financial statements.

Revnue Recognition (Tables)

3 Months Ended

Mar. 31, 2019

Contract with Customer, Asset and Liability

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.



(In thousands)	March 31, 2019		December 31, 2018
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,029,236	$	1,018,105
Contract assets, short-term (included in Other current assets)	14,616		9,131
Contract assets, long-term (included in Other assets)	8,696		8,136
Contract liabilities (Deferred revenue)	51,261		55,424

Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Weighted Average Number of Shares

The following is a reconciliation between basic and diluted weighted average shares outstanding:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019	2018
Basic weighted average common shares outstanding	56,588	60,967
Effect of dilution:
Stock options	33	—
Restricted stock units	1,104	752
Diluted weighted average common shares outstanding	57,725	61,719

Restructuring (Tables)

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Summary of Accrued Restructuring Costs

The following table summarizes the accrued restructuring costs:



(In thousands)	Severance and employee-related costs			Other exit costs			Total
Balance at December 31, 2018	$	33,774		$	1,415		$	35,189
Charges	1,075			1,567			2,642
Cash payments	(17,089		)	(333		)	(17,422		)
Non-cash adjustments	(737		)	(2,577		)	(3,314		)
Currency translation	45			36			81
Balance at March 31, 2019	$	17,068		$	108		$	17,176

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed



Fair value of equity consideration transferred	$	41,513
Fair value of previously held equity interest	130,890
Fair value of redeemable noncontrolling interest	103,359
	$	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Programming rights	69,775
Property and equipment	2,841
Other assets (equity method investments)	36,700
Intangible assets	126,600
Accounts payable	(12,008		)
Accrued liabilities	(41,501		)
Debt	(25,187		)
	177,859
Goodwill	97,903
	$	275,762

The following table summarizes the valuation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands).



Cash paid for controlling interest	$	48,350
Redeemable noncontrolling interest	30,573
	$	78,923
Allocation to net assets acquired:
Cash	13,471
Other current assets	17,251
Property and equipment	20,663
Intangible assets	46,413
Other noncurrent assets	3,306
Current liabilities	(23,647		)
Noncurrent liabilities	(21,394		)
Noncontrolling interests acquired	(1,354		)
Fair value of net assets acquired	54,709
Goodwill	24,214
	$	78,923

Business Acquisition, Pro Forma Information



(In thousands, except per share data)	Pro Forma Financial Information For the Three Months Ended March 31, 2018
(In thousands, except per share data)
Revenues, net	$	799,137
Income from operations before income taxes	$	148,210
Net income per share, basic	$	2.43
Net income per share, diluted	$	2.40

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amount of goodwill, by operating segment is as follows:



(In thousands)	National Networks			International and Other			Total
December 31, 2018	$	238,431		$	559,606		$	798,037
Puchase accounting adjustments	—			(1,748		)	(1,748		)
Amortization of "second component" goodwill	(332		)	—			(332		)
Foreign currency translation	—			1,836			1,836
March 31, 2019	$	238,099		$	559,694		$	797,793

Schedule of Finite-Lived Intangible Assets

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907

Schedule of Indefinite-Lived Intangible Assets

The following tables summarize information relating to the Company's identifiable intangible assets:



(In thousands)	March 31, 2019
(In thousands)	Gross		Accumulated Amortization			Net		Estimated Useful Lives
Amortizable intangible assets:
Affiliate and customer relationships	$	615,628	$	(205,195	)	$	410,433	6 to 25 years
Advertiser relationships	46,282		(18,665		)	27,617		11 years
Trade names	124,453		(19,756		)	104,697		3 to 20 years
Other amortizable intangible assets	13,428		(6,548		)	6,880		5 to 15 years
Total amortizable intangible assets	799,791		(250,164		)	549,627
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,691	$	(250,164	)	$	569,527
(In thousands)	December 31, 2018
(In thousands)	Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Affiliate and customer relationships	$	620,771	$	(198,500	)	$	422,271
Advertiser relationships	46,282		(17,613		)	28,669
Trade names	118,772		(17,971		)	100,801
Other amortizable intangible assets	13,643		(6,377		)	7,266
Total amortizable intangible assets	799,468		(240,461		)	559,007
Indefinite-lived intangible assets:
Trademarks	19,900		—			19,900
Total intangible assets	$	819,368	$	(240,461	)	$	578,907

Schedule of Estimated Amortization Expense

Estimated aggregate amortization expense for intangible assets subject to amortization for each of the following five years is:



(In thousands)
Years Ending December 31,
2019	$	44,784
2020	47,216
2021	46,422
2022	46,159
2023	46,076

Accrued Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:



(In thousands)	March 31, 2019		December 31, 2018
Interest	$	40,066	$	30,018
Employee related costs	58,202		100,729
Income taxes payable	41,425		1,527
Other accrued expenses	110,257		132,644
Total accrued liabilities	$	249,950	$	264,918

Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Long-Term Debt Instruments

The Company's long-term debt consists of the following:



(In thousands)	March 31, 2019			December 31, 2018
Senior Secured Credit Facility: ^(a)
Term Loan A Facility	$	750,000		$	750,000
Senior Notes:
4.75% Notes due August 2025	800,000			800,000
5.00% Notes due April 2024	1,000,000			1,000,000
4.75% Notes due December 2022	600,000			600,000
Other debt	2,000			2,584
Total long-term debt	3,152,000			3,152,584
Unamortized discount	(28,010		)	(29,181		)
Unamortized deferred financing costs	(13,065		)	(13,848		)
Long-term debt, net	3,110,925			3,109,555
Current portion of long-term debt	30,125			21,334
Noncurrent portion of long-term debt	$	3,080,800		$	3,088,221

(a)

The Company's $500 million revolving credit facility remains undrawn at March 31, 2019. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

+ References

+ Details

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Leases Included in the Consolidated Balance Sheets

The following table summarizes the leases included in the consolidated balance sheets as follows:



(In thousands)	Balance Sheet Location	March 31, 2019
Assets
Operating	Operating lease right-of-use asset	$	174,563
Finance	Property and equipment, net	18,502
Total lease assets		$	193,065
Liabilities
Current:
Operating	Current portion of lease obligations	$	26,633
Finance	Current portion of lease obligations	4,708
		$	31,341
Noncurrent:
Operating	Lease obligations	$	204,336
Finance	Lease obligations	20,348
		224,684

Total lease liabilities		$	256,025

Summary of Lease Costs

The following table summarizes the lease costs included in the condensed consolidated statement of income:



(In thousands)	Income Statement Location	March 31, 2019
Operating lease costs	SG&A expenses	$	8,206
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	673
Interest on lease liabilities	Net interest expense	678
Short term lease costs	SG&A expenses	1,590
Variable lease costs	SG&A expenses	308
Total net lease cost		$	11,455

The following table summarizes the weighted average remaining lease term and discount rate for operating and finance leases:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	8.31
Finance leases	6.08
Weighted average discount rate:
Operating leases	4.75	%
Finance leases	10.21	%

Summary of Maturity of Operating Lease Liabilities

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

Summary of Maturity of Finance Lease Liabilities

The following table summarizes the maturity of lease liabilities for operating and finance leases:



(In thousands)	Operating Leases		Finance Leases		Total
2019	$	27,419	$	5,627	$	33,046
2020	35,909		5,862		41,771
2021	31,248		4,388		35,636
2022	33,309		4,414		37,723
2023	33,766		4,441		38,207
Thereafter	118,885		9,673		128,558
Total lease payments	280,536		34,405		314,941
Less: Interest	49,568		9,348		58,916
Present value of lease liabilities	$	230,968	$	25,057	$	256,025

Summary of Supplemental Cash Paid for Amounts in the Measurement of Lease Liabilities

The following table summarizes the supplemental cash paid for amounts in the measurement of lease liabilities:



	March 31, 2019
Operating cash flows from operating leases	$	8,240
Financing cash flows from finance leases	$	1,309

Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2019

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis



(In thousands)	Level I		Level II		Level III		Total
At March 31, 2019:
Assets
Cash equivalents	$	120,119	$	—	$	—	$	120,119
Marketable securities	1,405		—		—		1,405
Foreign currency derivatives	—		2,957		—		2,957
Liabilities
Interest rate swap contracts	$	—	$	995	$	—	$	995
Foreign currency derivatives	—		$	2,247	$	—	2,247
At December 31, 2018:
Assets
Cash equivalents	$	68,498	$	—	$	—	$	68,498
Marketable securities	1,173		—		—		1,173
Foreign currency derivatives	—		3,509		—		3,509
Liabilities
Interest rate swap contracts	$	—	$	356	$	—	$	356
Foreign currency derivatives	—		$	3,121	$	—	3,121

Carrying Values And Fair Values Of The Company's Financial Instruments



(In thousands)	March 31, 2019
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	740,352	$	736,875
4.75% Notes due August 2025	786,894		794,000
5.00% Notes due April 2024	986,838		1,004,900
4.75% Notes due December 2022	594,841		606,750
Other debt	$	2,000	$	2,000
	$	3,110,925	$	3,142,525



(In thousands)	December 31, 2018
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	739,710	$	738,750
4.75% Notes due August 2025	786,458		720,000
5.00% Notes due April 2024	986,275		947,500
4.75% Notes due December 2022	594,528		580,500
Other debt	$	2,584	$	2,584
	$	3,109,555	$	2,989,334

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments Included In Balance Sheets

The fair values of the Company's derivative financial instruments not designated as hedging instruments included in the condensed consolidated balance sheets are as follows:



(In thousands)	Balance Sheet Location	March 31, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Liabilities:
Interest rate swap contracts	Accrued liabilities	$	995	$	356
Derivatives not designated as hedging instruments:
Assets:
Foreign currency derivatives	Prepaid expenses and other current assets	$	1,270	$	1,452
Foreign currency derivatives	Other assets	1,687		2,057
Liabilities:
Foreign currency derivatives	Accrued liabilities	$	597	$	700
Foreign currency derivatives	Other liabilities	1,650		2,421

Schedule of Gains And Losses Related To Derivative Instruments

The amounts of gains and losses related to the Company's derivative financial instruments designated as hedging instruments are as follows:



(In thousands)	Gain or (Loss) on Derivatives Recognized in OCI					Location of Gain or (Loss) in Earnings	Gain or (Loss) Reclassified from Accumulated OCI into Earnings
	Three Months Ended March 31,						Three Months Ended March 31,
	2019			2018			2019		2018
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	$	(651	)	$	—	Interest expense	$	12	$	—

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:



(In thousands)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended March 31,
		2019		2018
Interest rate swap contracts	Interest expense	$	—	$	(146	)
Foreign currency derivatives	Miscellaneous, net	457		(293		)
Other derivatives	Miscellaneous, net	—		11,687
Total		$	457	$	11,248

Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2019

Redeemable Noncontrolling Interest

The following table summarizes activity related to redeemable noncontrolling interest for the three months ended March 31, 2019.



(In thousands)	Three Months Ended March 31, 2019
December 31, 2018	$	299,558
Net earnings	5,819
Distributions	(5,268		)
Other	(307		)
March 31, 2019	$	299,802

Cash Flows (Tables)

3 Months Ended

Mar. 31, 2019

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]

Summary Of Non-Cash Activities And Other Supplemental Data

The Company's non-cash investing and financing activities and other supplemental data are as follows:



(In thousands)	Three Months Ended March 31,
	2019		2018
Non-Cash Investing and Financing Activities:
Capital expenditures incurred but not yet paid	$	2,216	$	6,070
Treasury stock not yet settled	—		9,980
Supplemental Data:
Cash interest paid	28,235		25,634
Income taxes paid, net	6,426		6,243

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Continuing Operations By Reportable Segment



(In thousands)	Three Months Ended March 31, 2019
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	239,089	$	21,206		$	—		$	260,295
Distribution	377,029		149,882			(2,985		)	523,926
Consolidated revenues, net	$	616,118	$	171,088		$	(2,985	)	$	784,221
Operating income (loss)	$	251,502	$	(13,748	)	$	7,109		$	244,863
Share-based compensation expense	16,269		3,630			—			19,899
Restructuring expense	303		3,035			(696		)	2,642
Depreciation and amortization	8,612		15,444			—			24,056
Equity investees (>50% interest) AOI	—		1,580			—			1,580
Adjusted operating income	$	276,686	$	9,941		$	6,413		$	293,040



(In thousands)	Three Months Ended March 31, 2018
(In thousands)	National Networks		International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	225,730	$	22,510		$	—		$	248,240
Distribution	407,298		88,880			(3,595		)	492,583
Consolidated revenues, net	$	633,028	$	111,390		$	(3,595	)	$	740,823
Operating income (loss)	$	249,852	$	(16,814	)	$	617		$	233,655
Share-based compensation expense	12,527		2,792			—			15,319
Depreciation and amortization	8,495		11,859			—			20,354
Adjusted operating income	$	270,874	$	(2,163	)	$	617		$	269,328

Summary of Inter-Segment Eliminations



(In thousands)	Three Months Ended March 31,
(In thousands)	2019			2018
Inter-segment revenues
National Networks	$	(1,390	)	$	(2,535	)
International and Other	(1,595		)	(1,060		)
	$	(2,985	)	$	(3,595	)

Schedule of Revenue by Geographic Area

The table below summarizes revenues based on customer location:



(In thousands)	Three Months Ended March 31,
(In thousands)	2019		2018
Revenues
United States	$	662,464	$	586,568
Europe	79,434		86,264
Other	42,323		67,991
	$	784,221	$	740,823

Schedule of Disclosure on Geographic Areas, Long-Lived Assets

The table below summarizes property and equipment based on asset location:



(In thousands)	March 31, 2019		December 31, 2018
Property and equipment, net
United States	$	209,903	$	202,833
Europe	26,554		27,218
Other	15,384		16,211
	$	251,841	$	246,262

Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.



Condensed Consolidating Balance Sheet
March 31, 2019
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	827	$	477,816	$	205,039	$	—		$	683,682
Accounts receivable, trade (less allowance for doubtful accounts)	19		589,936		239,749		—			829,704
Current portion of program rights, net	—		293,477		140,586		(201		)	433,862
Prepaid expenses, other current assets and intercompany receivable	58		194,921		32,133		(69,140		)	157,972
Total current assets	904		1,556,150		617,507		(69,341		)	2,105,220
Property and equipment, net of accumulated depreciation	—		182,433		69,408		—			251,841
Investment in affiliates	3,844,267		1,637,988		—		(5,482,255		)	—
Program rights, net	—		918,943		236,759		(1,437		)	1,154,265
Long-term intercompany notes receivable	—		—		218		(218		)	—
Deferred carriage fees, net	—		14,055		816		—			14,871
Intangible assets, net	—		158,947		410,580		—			569,527
Goodwill	—		64,950		732,843		—			797,793
Deferred tax asset, net	—		—		19,927		—			19,927
Operating lease right-of-use asset	101,521		20,085		52,957		—			174,563
Other assets	—		171,200		262,707		—			433,907
Total assets	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	38,969	$	68,423	$	—		$	107,392
Accrued liabilities and intercompany payable	79,873		116,858		124,069		(70,850		)	249,950
Current portion of program rights obligations	—		243,013		78,901		—			321,914
Deferred revenue	—		28,632		22,629		—			51,261
Current portion of long-term debt	28,125		—		2,000		—			30,125
Current portion of lease obligations	13,505		6,568		11,268		—			31,341
Total current liabilities	121,503		434,040		307,290		(70,850		)	791,983
Program rights obligations	—		323,343		18,830		—			342,173
Long-term debt, net	3,080,800		—		—		—			3,080,800
Lease obligations	125,814		21,833		77,037		—			224,684
Deferred tax liability, net	131,723		—		5,844		—			137,567
Other liabilities and intercompany notes payable	31,463		101,268		27,783		(146		)	160,368
Total liabilities	3,491,303		880,484		436,784		(70,996		)	4,737,575
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,802		—			299,802
Stockholders' equity:
AMC Networks stockholders' equity	455,389		3,844,267		1,637,989		(5,482,255		)	455,390
Non-redeemable noncontrolling interests	—		—		29,147		—			29,147
Total stockholders' equity	455,389		3,844,267		1,667,136		(5,482,255		)	484,537
Total liabilities and stockholders' equity	$	3,946,692	$	4,724,751	$	2,403,722	$	(5,553,251	)	$	5,521,914



Condensed Consolidating Balance Sheet
December 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	121	$	368,151	$	186,614	$	—		$	554,886
Accounts receivable, trade (including amounts due from related parties, net, less allowance for doubtful accounts)	16		600,121		235,840		—			835,977
Current portion of program rights, net	—		292,002		148,955		(218		)	440,739
Prepaid expenses, other current assets and intercompany receivable	6,543		158,936		23,549		(57,219		)	131,809
Total current assets	6,680		1,419,210		594,958		(57,437		)	1,963,411
Property and equipment, net of accumulated depreciation	—		175,040		71,222		—			246,262
Investment in affiliates	3,656,003		1,655,083		—		(5,311,086		)	—
Program rights, net	—		969,802		245,862		(1,613		)	1,214,051
Long-term intercompany notes receivable	—		—		190		(190		)	—
Deferred carriage fees, net	—		15,993		838		—			16,831
Intangible assets, net	—		161,417		417,490		—			578,907
Goodwill	—		65,282		732,755		—			798,037
Deferred tax asset, net	—		—		19,272		—			19,272
Other assets	—		149,724		292,068					441,792
Total assets	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	—	$	34,630	$	72,436	$	—		$	107,066
Accrued liabilities and intercompany payable	35,189		173,836		114,943		(59,050		)	264,918
Current portion of program rights obligations	—		259,414		84,175		—			343,589
Deferred revenue	—		34,608		20,816		—			55,424
Current portion of long-term debt	18,750		—		2,584		—			21,334
Current portion of capital lease obligations	—		2,941		2,149		—			5,090
Total current liabilities	53,939		505,429		297,103		(59,050		)	797,421
Program rights obligations	—		349,814		23,435		—			373,249
Long-term debt, net	3,088,221		—		—		—			3,088,221
Capital lease obligations	—		1,420		20,007		—			21,427
Deferred tax liability, net	140,474		—		4,969		—			145,443
Other liabilities and intercompany notes payable	63,369		98,885		45,972		(190		)	208,036
Total liabilities	3,346,003		955,548		391,486		(59,240		)	4,633,797
Commitments and contingencies
Redeemable noncontrolling interests	—		—		299,558		—			299,558
Stockholders' equity:
AMC Networks stockholders' equity	316,680		3,656,003		1,655,083		(5,311,086		)	316,680
Non-redeemable noncontrolling interests	—		—		28,528		—			28,528
Total stockholders' equity	316,680		3,656,003		1,683,611		(5,311,086		)	345,208
Total liabilities and stockholders' equity	$	3,662,683	$	4,611,551	$	2,374,655	$	(5,370,326	)	$	5,278,563

Condensed Income Statement



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,230		$	212,760		$	(2,769	)	$	784,221
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			220,488			120,718			(1,058		)	340,148
Selling, general and administrative	—			111,581			62,831			(1,900		)	172,512
Depreciation and amortization	—			12,537			11,519			—			24,056
Impairment charges	—			—			—			—			—
Restructuring expense	—			(283		)	2,925			—			2,642
Total operating expenses	—			344,323			197,993			(2,958		)	539,358
Operating income	—			229,907			14,767			189			244,863
Other income (expense):
Interest expense, net	(38,929		)	3,183			301			—			(35,445		)
Share of affiliates’ income (loss)	224,244			(7,311		)	—			(216,933		)	—
Miscellaneous, net	(99		)	709			(13,206		)	(189		)	(12,785		)
Total other income (expense)	185,216			(3,419		)	(12,905		)	(217,122		)	(48,230		)
Income from operations before income taxes	185,216			226,488			1,862			(216,933		)	196,633
Income tax expense	(41,819		)	(2,244		)	(2,413		)	—			(46,476		)
Net income including noncontrolling interests	143,397			224,244			(551		)	(216,933		)	150,157
Net income attributable to noncontrolling interests	—			—			(6,760		)	—			(6,760		)
Net income attributable to AMC Networks’ stockholders	$	143,397		$	224,244		$	(7,311	)	$	(216,933	)	$	143,397



Condensed Consolidating Statement of Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	—		$	574,917		$	170,386		$	(4,480	)	$	740,823
Operating expenses:
Technical and operating (excluding depreciation and amortization)	—			222,621			98,522			(778		)	320,365
Selling, general and administrative	—			122,059			48,089			(3,699		)	166,449
Depreciation and amortization	—			10,804			9,550			—			20,354
Impairment and related charges	—			—			—			—			—
Restructuring (credit) expense	—			—			—			—			—
Total operating expenses	—			355,484			156,161			(4,477		)	507,168
Operating income	—			219,433			14,225			(3		)	233,655
Other income (expense):
Interest expense, net	(36,907		)	11,897			(8,176		)	—			(33,186		)
Share of affiliates’ income	247,482			17,498			—			(264,980		)	—
Loss on extinguishment of debt	—			—			—			—			—
Miscellaneous, net	(206		)	734			16,415			3			16,946
Total other income (expense)	210,369			30,129			8,239			(264,977		)	(16,240		)
Income from operations before income taxes	210,369			249,562			22,464			(264,980		)	217,415
Income tax (expense) benefit	(53,499		)	(2,080		)	(1,300		)	—			(56,879		)
Net income including noncontrolling interests	156,870			247,482			21,164			(264,980		)	160,536
Net income attributable to noncontrolling interests	—			—			(3,666		)	—			(3,666		)
Net income attributable to AMC Networks’ stockholders	$	156,870		$	247,482		$	17,498		$	(264,980	)	$	156,870



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183

Condensed Statement of Comprehensive Income



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interests	$	143,397		$	224,244	$	(551	)	$	(216,933	)	$	150,157
Other comprehensive income (loss):
Foreign currency translation adjustment	(5,762		)	—		(5,762		)	5,762			(5,762		)
Unrealized loss on interest rate swaps	(639		)	—		—			—			(639		)
Other comprehensive income, before income taxes	(6,401		)	—		(5,762		)	5,762			(6,401		)
Income tax expense	149			—		—			—			149
Other comprehensive income, net of income taxes	(6,252		)	—		(5,762		)	5,762			(6,252		)
Comprehensive income	137,145			224,244		(6,313		)	(211,171		)	143,905
Comprehensive income attributable to noncontrolling interests	—			—		(6,722		)	—			(6,722		)
Comprehensive income attributable to AMC Networks' stockholders	$	137,145		$	224,244	$	(13,035	)	$	(211,171	)	$	137,183



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2018
(In thousands)	Parent Company		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income including noncontrolling interest	$	156,870	$	247,482	$	21,164		$	(264,980	)	$	160,536
Other comprehensive income (loss):
Foreign currency translation adjustment	18,805		—		18,805			(18,805		)	18,805
Other comprehensive income, net of income taxes	18,805		—		18,805			(18,805		)	18,805
Comprehensive income	175,675		247,482		39,969			(283,785		)	179,341
Comprehensive income attributable to noncontrolling interests	—		—		(4,563		)	—			(4,563		)
Comprehensive income attributable to AMC Networks’ stockholders	$	175,675	$	247,482	$	35,406		$	(283,785	)	$	174,778

Condensed Cash Flow Statement



Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2019
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	197,776		$	164,138		$	27,703		$	(217,930	)	$	171,687
Cash flows from investing activities:
Capital expenditures	(26		)	(19,868		)	(2,159		)	—			(22,053		)
Return of capital from investees	—			—			3,908			—			3,908
Investment in and loans to investees	—			—			—			—			—
Payments for acquisition of a business, net of cash acquired	—			—			—			—			—
Increase (decrease) to investment in affiliates	(177,117		)	69,120			(75,454		)	183,451			—
Net cash (used in) provided by investing activities	(177,143		)	49,252			(73,705		)	183,451			(18,145		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			2,521			—			2,521
Repayment of long-term debt	—			—			(3,238		)	—			(3,238		)
Deemed repurchases of restricted stock units	(22,959		)	—			—			—			(22,959		)
Purchase of treasury stock	(991		)	—			—			—			(991		)
Proceeds from stock option exercises	4,630			—			—			—			4,630
Principal payments on finance lease obligations	—			(786		)	(523		)	—			(1,309		)
Distributions to noncontrolling interests	—			—			(5,629		)	—			(5,629		)
Net cash used in financing activities	(19,320		)	(786		)	(6,869		)	—			(26,975		)
Net increase (decrease) in cash and cash equivalents from operations	1,313			212,604			(52,871		)	(34,479		)	126,567
Effect of exchange rate changes on cash and cash equivalents	(607		)	(102,939		)	71,296			34,479			2,229
Cash and cash equivalents at beginning of period	121			368,151			186,614			—			554,886
Cash and cash equivalents at end of period	$	827		$	477,816		$	205,039		$	—		$	683,682



Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2018
(In thousands)	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by operating activities	$	234,947		$	154,495		$	(7,472	)	$	(264,998	)	$	116,972
Cash flows from investing activities:
Capital expenditures	—			(11,040		)	(902		)	—			(11,942		)
Return of capital from investees	—			—			172			—			172
Investment in investees	—			—			(42,318		)	—			(42,318		)
Increase (decrease) to investment in affiliates	(141,109		)	(129,821		)	67,191			203,739			—
Net cash (used in) provided by investing activities	(141,109		)	(140,861		)	24,143			203,739			(54,088		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	—			—			—			—			—
Principal payments on long-term debt	—			—			—			—			—
Payments for financing costs	—			—			—			—			—
Deemed repurchases of restricted stock units	(15,354		)	—			—			—			(15,354		)
Purchase of treasury stock	(83,637		)	—			—			—			(83,637		)
Principal payments on capital lease obligations	—			(723		)	(683		)	—			(1,406		)
Distributions to noncontrolling interests	—			—			(1,435		)	—			(1,435		)
Net cash used in financing activities	(98,991		)	(723		)	(2,118		)	—			(101,832		)
Net increase (decrease) in cash and cash equivalents from operations	(5,153		)	12,911			14,553			(61,259		)	(38,948		)
Effect of exchange rate changes on cash and cash equivalents	5,017			(49,740		)	(7,171		)	61,259			9,365
Cash and cash equivalents at beginning of period	320			391,248			167,215			—			558,783
Cash and cash equivalents at end of period	$	184		$	354,419		$	174,597		$	—		$	529,200

Description of Business and Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) segment network	Mar. 31, 2018 USD ($)	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease asset	$ 174,563			$ 0
Lease liabilities	$ 230,968
Number of operating segments \| segment	2
Number of national programming networks \| network	5
Program rights write-offs	$ 3,300	$ 5,200
ASU No. 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease asset			$ 180,000
Historical deferred rent liability			57,000
Lease liabilities			$ 237,000

Revenue Recognition (Narrative) (Details) $ in Millions	3 Months Ended
Revenue Recognition (Narrative) (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 7.1

Revenue Recognition (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable (including long-term, included in Other assets)	$ 1,029,236	$ 1,018,105
Contract assets, short-term (included in Other current assets)	14,616	9,131
Contract assets, long-term (included in Other assets)	8,696	8,136
Contract liabilities (Deferred revenue)	$ 51,261	$ 55,424

Net Income per Share (Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted average shares outstanding	56,588	60,967
Effect of dilution:
Diluted weighted average shares outstanding	57,725	61,719
Stock options
Effect of dilution:
Effect of dilution (in shares)	33	0
Restricted stock units
Effect of dilution:
Effect of dilution (in shares)	1,104	752

Net Income per Share (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Amount authorized under Stock Repurchase Program	$ 1,500,000,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS		400
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from EPS	1,500	200
Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of shares repurchased	18
Average purchase price (in dollars per share)	$ 53.82
Available for repurchase under the Stock Repurchase Program	$ 558,400,000

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring expense	$ 2,642	$ 0
Accrued restructuring costs, accrued liabilities	11,700
Accrued restructuring costs, other liabilities (long-term)	$ 5,400

Restructuring (Summary of Accrued Restructuring Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	$ 35,189
Charges	2,642	$ 0
Cash payments	(17,422)
Non-cash adjustments	(3,314)
Currency translation	81
Balance at March 31, 2019	17,176
Severance and employee-related costs
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	33,774
Charges	1,075
Cash payments	(17,089)
Non-cash adjustments	(737)
Currency translation	45
Balance at March 31, 2019	17,068
Other exit costs
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	1,415
Charges	1,567
Cash payments	(333)
Non-cash adjustments	(2,577)
Currency translation	36
Balance at March 31, 2019	$ 108

Business Combinations (Narrative) (Details) - Levity $ in Thousands	Apr. 20, 2018 USD ($)
Business Acquisition [Line Items]
Percentage of controlling interest	57.00%
Cash paid for controlling interest	$ 48,350
Class B Common Stock
Business Acquisition [Line Items]
Cash paid for controlling interest	35,000
Series L Preferred Stock [Member]
Business Acquisition [Line Items]
Cash paid for controlling interest	$ 13,400

Business Combinations (Schedule of Business Acquisitions) (Details) - USD ($) $ in Thousands	Oct. 01, 2018	Mar. 31, 2019	Dec. 31, 2018	Apr. 20, 2018
Allocation to net assets acquired:
Goodwill		$ 797,793	$ 798,037
RLJE
Business Acquisition [Line Items]
Fair value of equity consideration transferred	$ 41,513
Fair value of previously held equity interest	130,890
Redeemable noncontrolling interest	103,359
Total	275,762
Allocation to net assets acquired:
Cash	3,360
Accounts receivable	16,316
Prepaid expenses and other current assets	963
Other current assets	69,775
Property and equipment	2,841
Other noncurrent assets	36,700
Intangible assets	126,600
Accounts payable	(12,008)
Accrued liabilities	(41,501)
Debt	(25,187)
Fair value of net assets acquired	177,859
Goodwill	$ 97,903
Levity
Business Acquisition [Line Items]
Cash paid for controlling interest				$ 48,350
Redeemable noncontrolling interest				30,573
Total				78,923
Allocation to net assets acquired:
Cash				13,471
Other current assets				17,251
Property and equipment				20,663
Other noncurrent assets				3,306
Intangible assets				46,413
Current liabilities				(23,647)
Noncurrent liabilities				(21,394)
Noncontrolling interests acquired				(1,354)
Fair value of net assets acquired				54,709
Goodwill				$ 24,214

Business Combinations (Schedule of Pro Forma) (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018 USD ($) $ / shares
Business Combinations [Abstract]
Revenues, net \| $	$ 799,137
Income from continuing operations, net of income taxes \| $	$ 148,210
Net income per share, basic \| $ / shares	$ 2.43
Net income per share, diluted \| $ / shares	$ 2.40

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
Investments (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Investments [Abstract]
Equity method investments	$ 85,800		$ 90,900
Investments in marketable equity securities	1,400		1,200
Investments in non-marketable equity securities	61,800		$ 71,800
Write-down of non-marketable equity securities and note receivable	$ 17,741	$ 0

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 332
Finite-Lived Intangible Assets, Amortization Expense	10,300	$ 9,300
National Networks
Finite-Lived Intangible Assets [Line Items]
Goodwill, Subsequent Recognition of Deferred Tax Asset	$ 332

Goodwill and Other Intangible Assets (Schedule Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Roll Forward]
December 31, 2018	$ 798,037
Puchase accounting adjustments	(1,748)
Amortization of second component goodwill	(332)
Foreign currency translation	1,836
March 31, 2019	797,793
National Networks
Goodwill [Roll Forward]
December 31, 2018	238,431
Puchase accounting adjustments	0
Amortization of second component goodwill	(332)
Foreign currency translation	0
March 31, 2019	238,099
International and Other
Goodwill [Roll Forward]
December 31, 2018	559,606
Puchase accounting adjustments	(1,748)
Amortization of second component goodwill	0
Foreign currency translation	1,836
March 31, 2019	$ 559,694

Goodwill and Other Intangible Assets (Schedule Of Finite and Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Gross	$ 799,791	$ 799,468
Accumulated Amortization	(250,164)	(240,461)
Net	549,627	559,007
Trademarks	19,900	19,900
Total intangible assets, gross	819,691	819,368
Total intangible assets, net	569,527	578,907
Affiliate and customer relationships
Gross	615,628	620,771
Accumulated Amortization	(205,195)	(198,500)
Net	$ 410,433	422,271
Advertiser relationships
Estimated useful lives (in years)	11 years
Gross	$ 46,282	46,282
Accumulated Amortization	(18,665)	(17,613)
Net	$ 27,617	28,669
Trade names
Estimated useful lives (in years)	20 years
Gross	$ 124,453	118,772
Accumulated Amortization	(19,756)	(17,971)
Net	104,697	100,801
Other amortizable intangible assets
Gross	13,428	13,643
Accumulated Amortization	(6,548)	(6,377)
Net	$ 6,880	$ 7,266
Minimum \| Affiliate and customer relationships
Estimated useful lives (in years)	6 years
Minimum \| Trade names
Estimated useful lives (in years)	3 years
Minimum \| Other amortizable intangible assets
Estimated useful lives (in years)	5 years
Maximum \| Affiliate and customer relationships
Estimated useful lives (in years)	25 years
Maximum \| Other amortizable intangible assets
Estimated useful lives (in years)	15 years

Goodwill and Other Intangible Assets (Schedule Of Estimated Amortization Expense) (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 44,784
2020	47,216
2021	46,422
2022	46,159
2023	$ 46,076

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accrued Liabilities, Current [Abstract]
Interest	$ 40,066	$ 30,018
Employee related costs	58,202	100,729
Income taxes payable	41,425	1,527
Other accrued expenses	110,257	132,644
Total accrued liabilities	$ 249,950	$ 264,918

Long-term Debt (Narrative) (Details) $ in Millions	Mar. 31, 2019 USD ($)
Revolving credit facility
Debt Instrument [Line Items]
Remaining undrawn capacity	$ 500

Long-term Debt (Summary of Long-Term Debt) (Details) - USD ($)
$ in Thousands

Mar. 31, 2019

Dec. 31, 2018

Unamortized deferred financing costs

$ 3,152,000

$ 3,152,584

Unamortized discount

(28,010)

(29,181)

(13,065)

(13,848)

Long-term debt, net

3,110,925

3,109,555

Current portion of long-term debt

30,125

21,334

4.75% Notes due August 2025

$ 3,080,800

3,088,221

5.00% Notes due April 2024

4.75%

4.75% Notes due December 2022

5.00%

Senior Notes | 4.75% Notes due August 2025

4.75%

Senior Notes | 5.00% Notes due April 2024

$ 800,000

800,000

Senior Notes | 4.75% Notes due December 2022

1,000,000

Senior Notes | Other debt

600,000

Secured debt | Term Loan A Facility

2,000

2,584