AMC's debt reported wrong in article today by Jason Aycock...it is $5B not $10B.

Tim Cunningham 3 years ago updated by Jason Aycock 3 years ago 1

AMC due to new accounting rule has services picking up leases as debt.


Hi Tim:

Responded to you via message, but I think this may just be a quibble with the new accounting.

I'm not suggesting their debt doubled (which would be misleading), but just characterizing what their liabilities are as they're currently understood.

The corresponding right-of-use asset is there on the other side of their balance sheet as well, so stockholders' equity isn't changed on net.