Emmis Communications Corporation (EMMS) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE EMMIS PLAZA
INDIANAPOLIS, IN 46204
State of Incorp. IN
Fiscal Year End February 29
Industry (SIC) 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4384,10711,3494,4563,6695,304
Cash and cash equivalents5,4384,10711,3494,4563,6695,304
Restricted cash and investments2,5042,0082,3231,4642,7402,239
Receivables16,77520,59426,48434,90637,32831,000
Prepaid expense3,8313,2344,7987,4138,640 
Disposal group, including discontinued operation  26,170    
Prepaid expense and other current assets✕✕✕✕✕✕10,587
Deferred tax assets✕     4,882
Other current assets1,4463,6801,5033,4523,514 
Total current assets:29,99459,79346,45751,69155,89154,012
Noncurrent Assets
Operating lease, right-of-use asset✕✕✕✕✕✕
Property, plant and equipment23,477   34,79432,231
Long-term investments and receivables    337526 
Long-term investments    337526 
Intangible assets, net (including goodwill), including:175,643176,281203,792223,125233,627163,459
Goodwill 4,3384,3384,60314,69715,39212,639
Intangible assets, net (excluding goodwill)171,305171,943199,189208,428218,235151,368
Other undisclosed intangible assets, net (including goodwill)      (548)
Deferred costs     3,4383,178
Other noncurrent assets8,6327,6697,4446,8105,956 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕5,287
Other undisclosed noncurrent assets  (175,481)(202,992)(222,325)(267,921)(188,509)
Total noncurrent assets:207,7528,4698,2447,94710,42015,646
Other undisclosed assets  202,882234,637256,968268,421195,690
TOTAL ASSETS:237,746271,144289,338316,606334,732265,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,4516,39413,3988,1279,4978,958
Taxes payable11,218     
Other undisclosed accounts payable and accrued liabilities(6,767)6,39413,3988,1279,4978,958
Deferred revenue✕✕✕✕✕✕
Debt 16,03723,60017,5736,84012,541
Deferred compensation liability      2,926
Deferred revenue and credits✕✕4,0304,56011,43511,56811,506
Contract with customer, liability✕4,055✕✕✕✕✕
Other liabilities2,9222,6956,8075,7756,6204,767
Other undisclosed current liabilities45,9383,5416,2388,3758,2418,552
Total current liabilities:57,36632,69754,60351,28542,76649,250
Noncurrent Liabilities
Long-term debt and lease obligation48,757122,849190,372228,027254,150114,926
Long-term debt, excluding current maturities48,757122,849190,372228,027254,150114,926
Liabilities, other than long-term debt31,25637,33548,37951,44350,16518,004
Deferred tax liabilities, net✕25,23231,40343,53743,71541,6149,783
Liability for uncertainty in income taxes    200200
Other liabilities6,0245,9324,8427,7288,3518,021
Operating lease, liability✕✕✕✕✕✕
Other undisclosed noncurrent liabilities    (200)(200)
Total noncurrent liabilities:80,013160,184238,751279,470304,115132,730
Total liabilities:137,379192,881293,354330,755346,881181,980
Equity
Equity, attributable to parent, including:72,21447,583(36,937)(52,546)(58,810)35,750
Additional paid in capital595,984594,708592,320589,483585,358580,776
Accumulated other comprehensive loss      (99)
Accumulated deficit(523,900)(547,252)(629,381)(642,500)(644,614)(545,355)
Other undisclosed equity, attributable to parent130127124471446428
Equity, attributable to noncontrolling interest28,15330,68032,92138,39746,66147,618
Total equity:100,36778,263(4,016)(14,149)(12,149)83,368
TOTAL LIABILITIES AND EQUITY:237,746271,144289,338316,606334,732265,348

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Revenues114,131148,487214,568231,433238,238206,146
Revenue, net✕✕148,487214,568231,433238,238206,146
Cost of revenue(90,100)(130,401)(191,568)(196,473)(182,420)(174,781)
Gross profit:24,03118,08623,00034,96055,81831,365
Operating expenses16,95872,7118,908(15,296)(89,581)(8,168)
Other undisclosed operating loss     (300)(1,000)
Operating income (loss):40,98990,79731,90819,664(34,063)22,197
Nonoperating expense(8,743)(17,770)(18,798)(17,899)(24,974)(7,605)
Investment income, nonoperating    (13,286)134
Other nonoperating income (expense)13935(160)1,057(6,418)116
Interest and debt expense(779)(2,662)(620)(18,956)(18,556)(7,721)
Other undisclosed income from continuing operations before equity method investments, income taxes 7792,66262018,95618,5567,721
Income (loss) from continuing operations before equity method investments, income taxes:32,24673,02713,1101,765(59,037)14,592
Income from equity method investments     11 
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:32,24673,02713,1101,765(59,026)14,592
Income tax expense (benefit)(6,167)11,732110(2,069)(36,948)34,063
Other undisclosed loss from continuing operations     (11) 
Income (loss) from continuing operations:26,07984,75913,220(304)(95,985)48,655
Income (loss) before gain (loss) on sale of properties:26,07984,75913,220(304)(95,985)48,655
Income from discontinued operations      
Net income (loss):26,07984,75913,220(304)(95,985)48,655
Net income (loss) attributable to noncontrolling interest(2,727)(2,630)(101)2,418(3,274)(5,174)
Net income (loss) attributable to parent:23,35282,12913,1192,114(99,259)43,481
Preferred stock dividends and other adjustments    (162) 325
Net income (loss) available to common stockholders, basic:23,35282,12913,1191,952(99,259)43,806
Other undisclosed net loss available to common stockholders, diluted      (325)
Net income (loss) available to common stockholders, diluted:23,35282,12913,1191,952(99,259)43,481

Comprehensive Income ($ in thousands)
Annual | Quarterly

2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net income (loss):26,07984,75913,220(304)(95,985)48,655
Other undisclosed comprehensive income     99 
Comprehensive income (loss):26,07984,75913,220(304)(95,886)48,655
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,727)(2,630)(101)2,418(3,274)5,155
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10,310)
Comprehensive income (loss), net of tax, attributable to parent:23,35282,12913,1192,114(99,160)43,500

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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