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 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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 111,345 | 1,574 | 2,760 | 5,438 | 8,616 | 7,150 | |||
Cash and cash equivalents | 111,345 | 1,574 | 2,760 | 5,438 | 8,616 | 7,150 | |||
Restricted cash and investments | 1,622 | 1,503 | 1,374 | 2,504 | 1,359 | 1,239 | |||
Receivables | 5,599 | 13,788 | 18,212 | 16,775 | 21,563 | 19,515 | |||
Prepaid expense | 1,845 | 3,950 | 4,968 | 3,831 | 3,901 | 4,793 | |||
Disposal group, including discontinued operation | 7,886 | 160 | |||||||
Other current assets | 10,350 | 1,697 | 1,428 | 1,446 | 1,538 | 1,365 | |||
Total current assets: | 130,761 | 30,398 | 28,742 | 29,994 | 36,977 | 34,222 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | ✕ | ✕ | |||||||
Property, plant and equipment | 15,265 | 15,515 | 23,043 | 23,477 | 23,869 | 24,913 | |||
Long-term investments and receivables | 5,485 | ||||||||
Long-term investments | 5,485 | ||||||||
Intangible assets, net (including goodwill) | 68,540 | 73,540 | 175,571 | 175,643 | 176,061 | 176,134 | |||
Goodwill | 4,300 | 4,338 | 4,338 | 4,338 | 4,338 | ||||
Intangible assets, net (excluding goodwill) | 68,540 | 69,240 | 171,233 | 171,305 | 171,723 | 171,796 | |||
Disposal group, including discontinued operation, noncurrent assets | 124,871 | ||||||||
Other noncurrent assets | 12,822 | 8,072 | 8,696 | 8,632 | 8,899 | 9,056 | |||
Other undisclosed noncurrent assets | 8,634 | 3,844 | 23,820 | ||||||
Total noncurrent assets: | 110,746 | 225,842 | 231,130 | 207,752 | 208,829 | 210,103 | |||
TOTAL ASSETS: | 241,507 | 256,240 | 259,872 | 237,746 | 245,806 | 244,325 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 4,637 | 5,405 | 5,323 | 4,451 | 5,406 | 4,701 | |||
Taxes payable | 15,657 | 7,497 | 7,339 | 11,218 | |||||
Other undisclosed accounts payable and accrued liabilities | (11,020) | (2,092) | (2,016) | (6,767) | 5,406 | 4,701 | |||
Deferred revenue | ✕ | ✕ | |||||||
Debt | 35,006 | 34,864 | |||||||
Disposal group, including discontinued operation | 4,509 | ||||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 3,793 | 4,499 | ||
Contract with customer, liability | ✕ | 2,639 | 3,866 | 5,027 | 4,055 | ||||
Other liabilities | 1,868 | 1,762 | 1,637 | 2,922 | 12,544 | 11,946 | |||
Other undisclosed current liabilities | 32,141 | 18,417 | 22,167 | 45,938 | 2,882 | 1,675 | |||
Total current liabilities: | 41,285 | 33,959 | 34,154 | 57,366 | 59,631 | 57,685 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 55,662 | 69,196 | 71,478 | 48,757 | 50,362 | 51,953 | |||
Long-term debt, excluding current maturities | 55,662 | 69,196 | 71,478 | 48,757 | 50,362 | 51,953 | |||
Liabilities, other than long-term debt | 20,591 | 34,206 | 28,065 | 31,256 | 33,927 | 33,830 | |||
Deferred tax liabilities, net | ✕ | 18,263 | 18,156 | 25,628 | 25,232 | 27,677 | 27,506 | ||
Liability for uncertainty in income taxes | |||||||||
Disposal group, including discontinued operation, liabilities | 13,683 | ||||||||
Other liabilities | 2,328 | 2,367 | 2,437 | 6,024 | 6,250 | 6,324 | |||
Operating lease, liability | ✕ | ✕ | |||||||
Other undisclosed noncurrent liabilities | 9,372 | 9,567 | 24,077 | ||||||
Total noncurrent liabilities: | 85,625 | 112,969 | 123,620 | 80,013 | 84,289 | 85,783 | |||
Total liabilities: | 126,910 | 146,928 | 157,774 | 137,379 | 143,920 | 143,468 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 135,080 | 81,426 | 74,220 | 72,214 | 72,602 | 71,342 | |||
Additional paid in capital | 597,439 | 596,512 | 596,319 | 595,984 | 595,900 | 595,353 | |||
Accumulated deficit | (462,492) | (515,217) | (522,230) | (523,900) | (523,428) | (524,140) | |||
Other undisclosed equity, attributable to parent | 133 | 131 | 131 | 130 | 130 | 129 | |||
Equity, attributable to noncontrolling interest | (20,483) | 27,886 | 27,878 | 28,153 | 29,284 | 29,515 | |||
Total equity: | 114,597 | 109,312 | 102,098 | 100,367 | 101,886 | 100,857 | |||
TOTAL LIABILITIES AND EQUITY: | 241,507 | 256,240 | 259,872 | 237,746 | 245,806 | 244,325 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
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Other undisclosed income before gain (loss) on sale of properties | ||||||||
Revenues | 10,737 | 8,883 | 27,771 | 23,746 | 30,323 | 32,056 | ||
Cost of revenue | (18,295) | (9,607) | (21,876) | (14,892) | (25,336) | (28,367) | ||
Gross profit: | (7,558) | (724) | 5,895 | 8,854 | 4,987 | 3,689 | ||
Operating expenses | 1,549 | (4,757) | (1,209) | (8,514) | (2,030) | (1,232) | ||
Operating income (loss): | (6,009) | (5,481) | 4,686 | 340 | 2,957 | 2,457 | ||
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 taxes | 510 | 976 | 1,481 | 8 | 1,546 | 1,715 | ||
Income (loss) from continuing operations before equity method investments, income taxes: | (7,267) | (6,443) | 3,217 | (1,822) | 1,451 | 778 | ||
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) | 1,451 | 778 | ||
Income tax expense (benefit) | 950 | 337 | (701) | 1,681 | 98 | (346) | ||
Income (loss) from continuing operations: | (6,317) | (6,106) | 2,516 | (141) | 1,549 | 432 | ||
Income (loss) before gain (loss) on sale of properties: | 52,604 | 7,845 | 2,516 | (141) | 1,549 | 432 | ||
Income from discontinued operations | 58,921 | 13,951 | ||||||
Net income (loss): | 52,604 | 7,845 | 2,516 | (141) | 1,549 | 432 | ||
Net income (loss) attributable to noncontrolling interest | 121 | (832) | (846) | (331) | (837) | (805) | ||
Net income (loss) available to common stockholders, diluted: | 52,725 | 7,013 | 1,670 | (472) | 712 | (373) |
Comprehensive Income ($ in thousands)Annual | Quarterly
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 | ||
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Net income (loss): | 52,604 | 7,845 | 2,516 | (141) | 1,549 | 432 | ||
Comprehensive income (loss): | 52,604 | 7,845 | 2,516 | (141) | 1,549 | 432 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 121 | (832) | (846) | (331) | (837) | (805) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 52,725 | 7,013 | 1,670 | (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.