AMERICAN MEDIA INC Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 AMERICAN MEDIA WAY
BOCA RATON, FL 33431
State of Incorp. DE
Fiscal Year End March 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)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,4523,0352,375
Cash and cash equivalents3,4523,0352,375
Receivables42,35844,63643,085
Inventory, net of allowances, customer advances and progress billings87310,91013,156
Inventory87310,91013,156
Prepaid expense5,76611,246
Prepaid expense and other current assets16,159
Income taxes receivable177686
Deferred tax assets 1,689 1,244
Other current assets955938
Other undisclosed current assets  4,279(1,930)
Total current assets:55,09375,22174,775
Noncurrent Assets
Property, plant and equipment17,55020,97419,268
Long-term investments and receivables8032,859 
Long-term investments8032,859 
Intangible assets, net (including goodwill)378,179456,547465,384
Goodwill153,998186,898186,898
Intangible assets, net (excluding goodwill)224,181269,649278,486
Deferred costs6,3838,1259,789
Other noncurrent assets3,1933,841
Prepaid expense and other noncurrent assets1,631
Other undisclosed noncurrent assets4,8245,0736,604
Total noncurrent assets:410,932497,419502,676
TOTAL ASSETS:466,025572,640577,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,80529,37126,268
Interest and dividends payable10,075  
Taxes payable3043,0142,414
Employee-related liabilities8,3156,2426,034
Accounts payable15,78120,11517,820
Accrued liabilities4,330  
Deferred revenue and credits26,73433,31834,544
Other undisclosed current liabilities31,06634,44236,586
Total current liabilities:96,60597,13197,398
Noncurrent Liabilities
Long-term debt and lease obligation324,269498,477481,889
Long-term debt, excluding current maturities324,269498,477481,889
Liabilities, other than long-term debt79,099106,00572,926
Deferred tax liabilities, net70,74798,83368,967
Other liabilities8,3527,1723,959
Total noncurrent liabilities:403,368604,482554,815
Total liabilities:499,973701,613652,213
Temporary equity, carrying amount3,0003,0003,000
Equity
Equity, attributable to parent(36,948)(131,973)(77,762)
Common stock  11
Additional paid in capital945,037822,723822,723
Accumulated other comprehensive loss(392)(231)(339)
Accumulated deficit(981,593)(954,466)(900,147)
Total equity:(36,948)(131,973)(77,762)
TOTAL LIABILITIES AND EQUITY:466,025572,640577,451

Income Statement (P&L) ($ in thousands)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
245,180344,221348,526
Cost of revenue(128,274)(192,302)(209,528)
Gross profit:116,906151,919138,998
Operating expenses(122,687)(111,816)(139,073)
Operating income (loss):(5,781)40,103(75)
Nonoperating income (expense) 3,708(79)(252)
Interest and debt expense(4,011)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(50,847)(60,017)(61,212)
Loss from continuing operations before income taxes:(56,931)(19,993)(61,539)
Income tax expense (benefit)15,689(33,278)5,994
Income (loss) from continuing operations:(41,242)(53,271)(55,545)
Income (loss) before gain (loss) on sale of properties:(25,908)(53,271)(55,545)
Income from discontinued operations 15,334  
Net income (loss):(25,908)(53,271)(55,545)
Net loss attributable to noncontrolling interest(1,219)(1,048)(694)
Net income (loss) available to common stockholders, diluted:(27,127)(54,319)(56,239)

Comprehensive Income ($ in thousands)

3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net income (loss):(25,908)(53,271)(55,545)
Other undisclosed comprehensive income (loss)(161)108(124)
Comprehensive income (loss):(26,069)(53,163)(55,669)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,219)1,048694
Other undisclosed comprehensive loss, net of tax, attributable to parent  (2,096)(1,388)
Comprehensive income (loss), net of tax, attributable to parent:(27,288)(54,211)(56,363)

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.

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