LIN MEDIA LLC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE WEST EXCHANGE STREET PROVIDENCE, RI 02903 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 20,696 | 20,887 | 12,525 | 27,717 | 19,799 | |||
| Cash and cash equivalent | 19,716 | 20,887 | 12,525 | 27,717 | 19,799 | |||
| Short-term investments | 980 | |||||||
| Receivables | 154,115 | 138,517 | 145,309 | 131,160 | 132,942 | |||
| Other current assets | 22,442 | 13,781 | 15,201 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 7,070 | 7,355 | ||
| Deferred tax assets | 7,410 | 8,229 | 6,898 | 3,562 | 389 | |||
| Total current assets: | 204,663 | 181,414 | 179,933 | 169,509 | 160,485 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 217,362 | 223,186 | 221,078 | 227,422 | 232,204 | |||
| Intangible assets, net (including goodwill) | 747,483 | 747,142 | 787,092 | 739,985 | 739,513 | |||
| Goodwill | 210,968 | 210,627 | 203,528 | 203,470 | 202,998 | |||
| Intangible assets, net (excluding goodwill) | 536,515 | 536,515 | 583,564 | 536,515 | 536,515 | |||
| Deferred costs | 14,861 | 15,647 | 16,448 | 17,256 | 18,064 | |||
| Other noncurrent assets | 12,727 | 16,191 | 12,299 | |||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 11,075 | 14,197 | ||
| Other undisclosed noncurrent assets | 48,480 | 53,655 | 52,141 | 57,371 | ||||
| Total noncurrent assets: | 1,040,913 | 1,055,821 | 1,036,917 | 1,047,879 | 1,061,349 | |||
| TOTAL ASSETS: | 1,245,576 | 1,237,235 | 1,216,850 | 1,217,388 | 1,221,834 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 85,345 | 73,061 | 78,935 | 95,079 | 234,644 | |||
| Taxes payable | 463 | 1,686 | 1,420 | 31,019 | 160,284 | |||
| Employee-related liabilities | 11,817 | |||||||
| Accounts payable | 17,299 | 15,263 | 14,002 | 13,072 | 16,254 | |||
| Accrued liabilities | 67,583 | 56,112 | 51,696 | 50,988 | 58,106 | |||
| Debt | 20,495 | 18,925 | 17,364 | 15,801 | 14,028 | |||
| Program rights obligations | 6,968 | 7,030 | 7,027 | 7,933 | 8,989 | |||
| Other undisclosed current liabilities | (11,817) | |||||||
| Total current liabilities: | 112,808 | 99,016 | 91,509 | 118,813 | 257,661 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 910,729 | 931,531 | 927,328 | 926,551 | 930,910 | |||
| Other undisclosed long-term debt and lease obligation | 910,729 | 931,531 | 927,328 | 926,551 | 930,910 | |||
| Liabilities, other than long-term debt | 89,555 | 92,212 | 112,910 | 85,487 | 96,748 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | 16,869 | ||||
| Deferred tax liabilities, net | 61,579 | 58,815 | 64,686 | 44,182 | 51,750 | |||
| Other liabilities | 24,417 | 29,452 | 27,209 | 37,708 | 40,925 | |||
| Program rights obligations | 3,559 | 3,945 | 4,146 | 3,597 | 4,073 | |||
| Other undisclosed noncurrent liabilities | (16,869) | |||||||
| Total noncurrent liabilities: | 1,000,284 | 1,023,743 | 1,023,369 | 1,012,038 | 1,027,658 | |||
| Total liabilities: | 1,113,092 | 1,122,759 | 1,114,878 | 1,130,851 | 1,285,319 | |||
| Temporary equity, including noncontrolling interest | 9,905 | 9,820 | 12,845 | 13,442 | 13,846 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 120,702 | 102,221 | 89,127 | 73,095 | (77,331) | |||
| Treasury stock, value | (21,984) | (21,984) | (21,984) | (21,984) | (21,984) | |||
| Additional paid in capital | 1,136,784 | |||||||
| Accumulated other comprehensive loss | (25,181) | (25,335) | (25,526) | (34,607) | (34,866) | |||
| Accumulated deficit | (993,338) | (1,004,665) | (1,006,322) | (1,010,878) | (1,157,816) | |||
| Other undisclosed equity, attributable to parent | 1,161,205 | 1,154,205 | 1,142,959 | 1,140,564 | 551 | |||
| Equity, attributable to noncontrolling interest | 1,877 | 2,435 | ||||||
| Total equity: | 122,579 | 104,656 | 89,127 | 73,095 | (77,331) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,245,576 | 1,237,235 | 1,216,850 | 1,217,388 | 1,221,834 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 188,765 | 166,241 | 183,915 | 163,110 | 164,346 | ||
| Cost of revenue (Cost of Product and Service Sold) | (75,487) | (69,434) | (70,383) | (62,504) | (63,623) | ||
| Gross profit: | 113,278 | 96,807 | 113,532 | 100,606 | 100,723 | ||
| Operating expenses | (55,944) | (55,164) | (55,009) | (47,664) | (46,241) | ||
| Other undisclosed operating loss | (24,606) | (25,261) | (30,497) | (29,716) | (27,566) | ||
| Operating income (loss): | 32,728 | 16,382 | 28,026 | 23,226 | 26,916 | ||
| Nonoperating expense | (14,074) | (14,302) | (14,348) | (16,031) | (14,537) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,654 | 2,080 | 13,678 | 7,195 | 12,379 | ||
| Loss from equity method investments | (25) | (75) | (31) | (25) | |||
| Other undisclosed income from continuing operations before income taxes | 25 | 75 | 31 | 25 | |||
| Income (loss) from continuing operations before income taxes: | 18,654 | 2,080 | 13,678 | 7,195 | 12,379 | ||
| Income tax expense (benefit) | (7,788) | (1,021) | (9,734) | 139,313 | (5,210) | ||
| Income (loss) from continuing operations: | 10,866 | 1,059 | 3,944 | 146,508 | 7,169 | ||
| Income (loss) before gain (loss) on sale of properties: | 10,866 | 1,059 | 3,944 | 146,508 | 7,169 | ||
| Net income (loss): | 10,866 | 1,059 | 3,944 | 146,508 | 7,169 | ||
| Net income (loss) attributable to noncontrolling interest | 461 | 598 | 612 | 430 | 306 | ||
| Net income (loss) available to common stockholders, diluted: | 11,327 | 1,657 | 4,556 | 146,938 | 7,475 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2014 Q3 | 6/30/2014 Q2 | 3/31/2014 Q1 | 12/31/2013 Q4 | 9/30/2013 Q3 | 6/30/2013 Q2 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,866 | 1,059 | 3,944 | 146,508 | 7,169 | ||
| Other undisclosed comprehensive income | 154 | 191 | 9,081 | 259 | 259 | ||
| Comprehensive income (loss): | 11,020 | 1,250 | 13,025 | 146,767 | 7,428 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (461) | (598) | (612) | (430) | (306) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 922 | 1,196 | 1,224 | 860 | 612 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 11,481 | 1,848 | 13,637 | 147,197 | 7,734 | ||
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.