AMERICAN MEDIA INC financial statements (2021 and earlier)

Company profile

Business Address 1000 AMERICAN MEDIA WAY
BOCA RATON, FL 33431
State of Incorp. DE
Fiscal Year End March 31
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1332
Cash and cash equivalents1332
Receivables24424543
Inventory, net of allowances, customer advances and progress billings111113
Inventory111113
Prepaid expense6611
Prepaid expense and other current assets16
Income taxes receivable01
Deferred tax assets 2 1
Other current assets111
Other undisclosed current assets  4(2)
Total current assets:34557575
Noncurrent Assets
Property, plant and equipment9182119
Long-term investments and receivables213 
Long-term investments213 
Intangible assets, net (including goodwill)363378457465
Goodwill154154187187
Intangible assets, net (excluding goodwill)209224270278
Deferred costs86810
Other noncurrent assets334
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets3557
Total noncurrent assets:388411497503
TOTAL ASSETS:422466573577
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31392926
Accounts payable11162018
Accrued liabilities34  
Employee-related liabilities7866
Taxes payable1032
Interest and dividends payable910  
Deferred revenue and credits27273335
Other undisclosed current liabilities10313437
Total current liabilities:67979797
Noncurrent Liabilities
Long-term debt and lease obligation394324498482
Long-term debt, excluding current maturities394324498482
Liabilities, other than long-term debt407910673
Deferred tax liabilities, net33719969
Other liabilities7874
Total noncurrent liabilities:434403604555
Total liabilities:501500702652
Temporary equity, carrying amount3333
Stockholders' equity
Stockholders' equity attributable to parent(83)(37)(132)(78)
Common stock  00
Additional paid in capital883945823823
Accumulated other comprehensive loss(0)(0)(0)(0)
Accumulated deficit(965)(982)(954)(900)
Total stockholders' equity:(83)(37)(132)(78)
TOTAL LIABILITIES AND EQUITY:422466573577

Income statement (P&L) ($ in millions)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
223245344349
Cost of revenue(122)(128)(192)(210)
Gross profit:101117152139
Operating expenses(76)(123)(112)(139)
Operating income (loss):26(6)40(0)
Nonoperating income (expense) 4(0)(0)
Interest and debt expense(4)(4)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(40)(51)(60)(61)
Loss from continuing operations before income taxes:(18)(57)(20)(62)
Income tax expense (benefit)3616(33)6
Income (loss) from continuing operations:18(41)(53)(56)
Income from discontinued operations 15  
Net income (loss):18(26)(53)(56)
Net loss attributable to noncontrolling interest(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:17(27)(54)(56)

Comprehensive Income ($ in millions)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income (loss):18(26)(53)(56)
Other undisclosed comprehensive income (loss)(0)(0)0(0)
Comprehensive income (loss):18(26)(53)(56)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)11
Other undisclosed comprehensive loss, net of tax, attributable to parent  (2)(1)
Comprehensive income (loss), net of tax, attributable to parent:17(27)(54)(56)

Statements sources

The financial statements are based on the company's filings with the 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.

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