MCCLATCHY CO Financial Statements (2025 and earlier)
Company Profile
| Business Address |
LEGAL DEPARTMENT SACRAMENTO, CA 95852 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,514 | 21,906 | 99,387 | 5,291 | 9,332 | 220,861 | |||
| Cash and cash equivalent | 10,514 | 21,906 | 99,387 | 5,291 | 9,332 | 220,861 | |||
| Receivables | 64,444 | 93,907 | 112,637 | 124,466 | 154,520 | 181,345 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,297 | 9,115 | 7,918 | 13,939 | 16,659 | 19,491 | |||
| Inventory | 5,297 | 9,115 | 7,918 | 13,939 | 16,659 | 19,491 | |||
| Disposal group, including discontinued operation | 14,170 | 9,920 | 6,332 | 9,040 | 5,357 | 173 | |||
| Other current assets | 20,087 | 15,505 | 19,000 | 14,809 | 19,194 | 14,945 | |||
| Deferred tax assets | ✕ | ✕ | 1,054 | ||||||
| Total current assets: | 114,512 | 150,353 | 245,274 | 167,545 | 205,062 | 437,869 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 45,128 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 203,575 | 233,692 | 257,639 | 297,506 | 364,219 | 404,238 | |||
| Long-term investments and receivables | 2,726 | 3,888 | 7,172 | 242,382 | 233,538 | 230,473 | |||
| Long-term investments | 2,726 | 3,888 | 7,172 | 242,382 | 233,538 | 230,473 | |||
| Intangible assets, net (including goodwill) | 489,431 | 848,521 | 933,396 | 1,004,160 | 1,053,825 | 1,407,030 | |||
| Goodwill | 420,178 | 705,174 | 705,174 | 705,174 | 705,174 | 996,115 | |||
| Intangible assets, net (excluding goodwill) | 69,253 | 143,347 | 228,222 | 298,986 | 348,651 | 410,915 | |||
| Other noncurrent assets | 55,883 | 58,847 | 62,437 | 64,340 | 65,078 | 74,305 | |||
| Other undisclosed noncurrent assets | 60,821 | 1,312 | |||||||
| Total noncurrent assets: | 796,743 | 1,144,948 | 1,260,644 | 1,669,209 | 1,717,972 | 2,116,046 | |||
| TOTAL ASSETS: | 911,255 | 1,295,301 | 1,505,918 | 1,836,754 | 1,923,034 | 2,553,915 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 203,343 | 95,959 | 92,825 | 99,925 | 96,466 | 294,361 | |||
| Interest and dividends payable | 25,307 | 26,037 | 7,954 | 8,602 | 9,423 | 10,592 | |||
| Taxes payable | 6,535 | 10,133 | 7,930 | 687 | 186,805 | ||||
| Employee-related liabilities | 143,132 | 20,481 | 24,050 | 25,577 | 29,410 | 32,912 | |||
| Accounts payable | 29,758 | 37,521 | 31,856 | 36,822 | 41,751 | 49,095 | |||
| Accrued liabilities | 5,146 | 5,385 | 18,832 | 20,994 | 15,195 | 14,957 | |||
| Deferred revenue | 55,155 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 8,105 | 4,312 | 74,140 | 16,749 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 60,436 | 64,728 | 60,811 | 62,035 | ||
| Contract with customer, liability | ✕ | ✕ | 58,340 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 13,027 | 21,927 | 8,941 | 8,647 | 8,450 | 8,529 | |||
| Total current liabilities: | 279,630 | 180,538 | 236,342 | 190,049 | 165,727 | 364,925 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 654,405 | 633,383 | 707,252 | 829,415 | 905,425 | 1,006,957 | |||
| Long-term debt, excluding current maturities | 607,672 | 633,383 | 707,252 | 829,415 | 905,425 | 1,006,957 | |||
| Liabilities, other than long-term debt | 568,398 | 694,018 | 646,689 | 651,761 | 626,721 | 644,097 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 26,162 | ||||||
| Deferred income tax liabilities | 15,027 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 526,010 | 655,310 | 599,763 | 604,165 | 581,852 | 574,024 | |||
| Other liabilities | 27,361 | 38,708 | 46,926 | 47,596 | 44,869 | 43,911 | |||
| Operating lease, liability | 46,733 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 132,278 | 129,027 | 119,967 | 51,616 | 32,398 | 34,551 | |||
| Total noncurrent liabilities: | 1,355,081 | 1,456,428 | 1,473,908 | 1,532,792 | 1,564,544 | 1,685,605 | |||
| Total liabilities: | 1,634,711 | 1,636,966 | 1,710,250 | 1,722,841 | 1,730,271 | 2,050,530 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (723,456) | (341,665) | (204,332) | 113,913 | 192,763 | 503,385 | |||
| Treasury stock, value | (3) | (2) | (51) | (6) | (2,196) | (175) | |||
| Additional paid in capital | 2,217,823 | 2,216,681 | 2,215,109 | 2,213,098 | 2,219,481 | 2,222,675 | |||
| Accumulated other comprehensive loss | (576,139) | (604,289) | (449,369) | (461,515) | (421,808) | (416,603) | |||
| Accumulated deficit | (2,365,216) | (1,954,132) | (1,970,097) | (1,637,739) | (1,603,546) | (1,303,384) | |||
| Other undisclosed equity, attributable to parent | 79 | 77 | 76 | 75 | 832 | 872 | |||
| Total equity: | (723,456) | (341,665) | (204,332) | 113,913 | 192,763 | 503,385 | |||
| TOTAL LIABILITIES AND EQUITY: | 911,255 | 1,295,301 | 1,505,918 | 1,836,754 | 1,923,034 | 2,553,915 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 709,516 | 807,226 | 903,592 | 977,093 | 1,056,574 | 1,146,552 | ||
| Revenue, net | ✕ | ✕ | ✕ | 903,592 | 977,093 | 1,056,574 | 1,146,552 | |
| Cost of revenue (Cost of Product and Service Sold) | (54,592) | (2,000) | (78,893) | (95,674) | (116,801) | |||
| Gross profit: | 709,516 | 752,634 | 901,592 | 898,200 | 960,900 | 1,029,751 | ||
| Operating expenses | (1,021,622) | (830,179) | (861,427) | (954,553) | (1,301,913) | (1,064,229) | ||
| Other undisclosed operating income | 54,592 | 2,000 | 78,893 | 95,674 | 116,801 | |||
| Operating income (loss): | (312,106) | (22,953) | 42,165 | 22,540 | (245,339) | 82,323 | ||
| Nonoperating income (expense) | (105,280) | (58,974) | (269,064) | (69,798) | (66,620) | 524,884 | ||
| Investment income, nonoperating | 640 | 558 | 463 | 8,392 | 705,501 | |||
| Interest and debt expense | (2,272) | 30,577 | (2,700) | 431 | 1,167 | (200,280) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (419,658) | (51,350) | (229,599) | (46,827) | (310,792) | 406,927 | ||
| Income from equity method investments | 19,084 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,272 | (30,577) | 2,700 | (431) | (1,167) | 181,196 | ||
| Income (loss) from continuing operations before income taxes: | (417,386) | (81,927) | (226,899) | (47,258) | (311,959) | 607,207 | ||
| Income tax expense (benefit) | 6,279 | 2,170 | (105,459) | 13,065 | 11,797 | (231,230) | ||
| Income (loss) from continuing operations: | (411,107) | (79,757) | (332,358) | (34,193) | (300,162) | 375,977 | ||
| Income (loss) before gain (loss) on sale of properties: | (411,107) | (79,757) | (332,358) | (34,193) | (300,162) | 375,977 | ||
| Net income (loss): | (411,107) | (79,757) | (332,358) | (34,193) | (300,162) | 375,977 | ||
| Other undisclosed net loss attributable to parent | (1,988) | |||||||
| Net income (loss) available to common stockholders, diluted: | (411,107) | (79,757) | (332,358) | (34,193) | (300,162) | 373,989 | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (411,107) | (79,757) | (332,358) | (34,193) | (300,162) | 375,977 | ||
| Other comprehensive income (loss) | (56,530) | 12,146 | (39,707) | (5,205) | (111,702) | |||
| Comprehensive income (loss): | (411,107) | (136,287) | (320,212) | (73,900) | (305,367) | 264,275 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 28,150 | (1,988) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (382,957) | (136,287) | (320,212) | (73,900) | (305,367) | 262,287 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.