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)

2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111,3451,5742,7605,4388,6167,150
Cash and cash equivalents111,3451,5742,7605,4388,6167,150
Restricted cash and investments1,6221,5031,3742,5041,3591,239
Receivables5,59913,78818,21216,77521,56319,515
Prepaid expense1,8453,9504,9683,8313,9014,793
Disposal group, including discontinued operation  7,886   160
Other current assets10,3501,6971,4281,4461,5381,365
Total current assets:130,76130,39828,74229,99436,97734,222
Noncurrent Assets
Operating lease, right-of-use asset    
Property, plant and equipment15,26515,51523,04323,47723,86924,913
Long-term investments and receivables 5,485     
Long-term investments 5,485     
Intangible assets, net (including goodwill)68,54073,540175,571175,643176,061176,134
Goodwill  4,3004,3384,3384,3384,338
Intangible assets, net (excluding goodwill)68,54069,240171,233171,305171,723171,796
Disposal group, including discontinued operation, noncurrent assets  124,871    
Other noncurrent assets12,8228,0728,6968,6328,8999,056
Other undisclosed noncurrent assets 8,6343,84423,820   
Total noncurrent assets:110,746225,842231,130207,752208,829210,103
TOTAL ASSETS:241,507256,240259,872237,746245,806244,325
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6375,4055,3234,4515,4064,701
Taxes payable15,6577,4977,33911,218  
Other undisclosed accounts payable and accrued liabilities(11,020)(2,092)(2,016)(6,767)5,4064,701
Deferred revenue    
Debt    35,00634,864
Disposal group, including discontinued operation  4,509    
Deferred revenue and credits3,7934,499
Contract with customer, liability2,6393,8665,0274,055  
Other liabilities1,8681,7621,6372,92212,54411,946
Other undisclosed current liabilities32,14118,41722,16745,9382,8821,675
Total current liabilities:41,28533,95934,15457,36659,63157,685
Noncurrent Liabilities
Long-term debt and lease obligation55,66269,19671,47848,75750,36251,953
Long-term debt, excluding current maturities55,66269,19671,47848,75750,36251,953
Liabilities, other than long-term debt20,59134,20628,06531,25633,92733,830
Deferred tax liabilities, net18,26318,15625,62825,23227,67727,506
Liability for uncertainty in income taxes      
Disposal group, including discontinued operation, liabilities  13,683    
Other liabilities2,3282,3672,4376,0246,2506,324
Operating lease, liability    
Other undisclosed noncurrent liabilities9,3729,56724,077   
Total noncurrent liabilities:85,625112,969123,62080,01384,28985,783
Total liabilities:126,910146,928157,774137,379143,920143,468
Equity
Equity, attributable to parent, including:135,08081,42674,22072,21472,60271,342
Additional paid in capital597,439596,512596,319595,984595,900595,353
Accumulated deficit(462,492)(515,217)(522,230)(523,900)(523,428)(524,140)
Other undisclosed equity, attributable to parent133131131130130129
Equity, attributable to noncontrolling interest(20,483)27,88627,87828,15329,28429,515
Total equity:114,597109,312102,098100,367101,886100,857
TOTAL LIABILITIES AND EQUITY:241,507256,240259,872237,746245,806244,325

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

2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
Other undisclosed income before gain (loss) on sale of properties      
Revenues10,7378,88327,77123,74630,32332,056
Cost of revenue(18,295)(9,607)(21,876)(14,892)(25,336)(28,367)
Gross profit:(7,558)(724)5,8958,8544,9873,689
Operating expenses1,549(4,757)(1,209)(8,514)(2,030)(1,232)
Operating income (loss):(6,009)(5,481)4,6863402,9572,457
Nonoperating expense(1,258)(962)(1,469)(2,162)(1,506)(1,679)
Interest and debt expense(510)(976)(1,481)(8)(1,546)(1,715)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5109761,48181,5461,715
Income (loss) from continuing operations before equity method investments, income taxes:(7,267)(6,443)3,217(1,822)1,451778
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(7,267)(6,443)3,217(1,822)1,451778
Income tax expense (benefit)950337(701)1,68198(346)
Income (loss) from continuing operations:(6,317)(6,106)2,516(141)1,549432
Income (loss) before gain (loss) on sale of properties:52,6047,8452,516(141)1,549432
Income from discontinued operations 58,92113,951    
Net income (loss):52,6047,8452,516(141)1,549432
Net income (loss) attributable to noncontrolling interest121(832)(846)(331)(837)(805)
Net income (loss) available to common stockholders, diluted:52,7257,0131,670(472)712(373)

Comprehensive Income ($ in thousands)

2/29/2020
Q4
11/30/2019
Q3
8/31/2019
Q2
5/31/2019
Q1
2/28/2019
Q4
11/30/2018
Q3
8/31/2018
Q2
Net income (loss):52,6047,8452,516(141)1,549432
Comprehensive income (loss):52,6047,8452,516(141)1,549432
Comprehensive income (loss), net of tax, attributable to noncontrolling interest121(832)(846)(331)(837)(805)
Comprehensive income (loss), net of tax, attributable to parent:52,7257,0131,670(472)712(373)

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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