Hemisphere Media Group, Inc. (HMTV) Financial Statements (2024 and earlier)

Company Profile

Business Address 4000 PONCE DE LEON BLVD., SUITE 650
CORAL GABLES, FL 33146
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 49,477134,47192,15194,478124,299163,090
Cash and cash equivalents 49,477134,47192,15194,478124,299163,090
Receivables 33,73835,95529,26930,84020,00725,566
Prepaid expense 7,767     
Other current assets 23,519     
Other undisclosed current assets 11,86318,54224,32019,50622,40914,859
Total current assets: 126,364188,968145,740144,824166,715203,515
Noncurrent Assets
Operating lease, right-of-use asset 1,2811,8201,833
Property, plant and equipment 31,55431,79834,31932,20924,43325,501
Long-term investments and receivables 24,17129,78249,63951,65830,907 
Long-term investments 24,17129,78249,63951,65830,907 
Intangible assets, net (including goodwill) 388,176231,714241,265250,436257,904271,092
Goodwill 231,710165,597167,322169,994164,887164,887
Intangible assets, net (excluding goodwill) 156,46666,11773,94380,44293,017106,205
Deferred income tax assets   1,208
Other noncurrent assets 7,4104,3333,9792,5291,6051,245
Deferred tax assets, net4,2904,80218,638
Other undisclosed noncurrent assets 20,95513,43014,80415,32111,52010,450
Total noncurrent assets: 473,547312,877347,047356,443331,171326,926
TOTAL ASSETS: 599,911501,845492,787501,267497,886530,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 48,59032,24923,53128,12521,86126,345
Taxes payable 1,3532,233 2,265701,619
Employee-related liabilities 7,0315,9345,0215,8555,5404,488
Accounts payable 11,5332,3501,9252,5153,4653,525
Accrued liabilities 28,67321,73216,58517,49012,78616,713
Deferred revenue 7,400  
Debt 2,6562,1342,6722,1342,133 
Program rights obligations 12,9797,6266,3694,0512,9203,293
Due to related parties 1,6466486696261,885413
Other undisclosed current liabilities   9464,9822,806 
Total current liabilities: 73,27142,65734,18739,91831,60530,051
Noncurrent Liabilities
Long-term debt and lease obligation 246,919200,856202,406203,957205,509210,270
Long-term debt, excluding current maturities 246,919200,856202,406203,957205,509210,270
Liabilities, other than long-term debt 30,17326,84625,52523,99321,86820,780
Deferred tax liabilities, net19,52018,76317,829
Deferred income tax liabilities 22,42719,30619,331
Liability, pension and other postretirement and postemployment benefits 2,8952,8322,4572,2602,0042,844
Other liabilities 2,0313,9322,9171,080  
Program rights obligations 2,8207768201,1331,101107
Total noncurrent liabilities: 277,092227,702227,931227,950227,377231,050
Total liabilities: 350,363270,359262,118267,868258,982261,101
Equity
Equity, attributable to parent, including: 249,548231,005229,285231,911238,904269,340
Treasury stock, value    (59,088)(57,303)(35,069)
Additional paid in capital 288,703279,800274,518270,345265,329261,051
Accumulated other comprehensive income (loss) (732)(2,187)(792)1,155472(483)
Retained earnings 26,35214,84016,07519,49530,40143,837
Other undisclosed equity, attributable to parent (64,775)(61,448)(60,516)454
Equity, attributable to noncontrolling interest  4811,3841,488  
Total equity: 249,548231,486230,669233,399238,904269,340
TOTAL LIABILITIES AND EQUITY: 599,911501,845492,787501,267497,886530,441

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

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 195,650151,184149,387147,079124,464138,525
Cost of revenue (59,555)(48,309)(43,138)(42,174)(39,965)(41,293)
Gross profit: 136,095102,875106,249104,90584,49997,232
Operating expenses (128,276)(62,128)(58,745)(62,053)(59,143)(57,209)
Other undisclosed operating income 2,6389531,7391,880  
Operating income: 10,45741,70049,24344,73225,35640,023
Nonoperating income (expense) 5,568(34,846)(40,628)(45,258)(20,086)(11,651)
Investment income, nonoperating  (22,258)(30,271)(35,206)(11,885) 
Interest and debt expense      (501)
Income (loss) from continuing operations before equity method investments, income taxes: 16,0256,8548,615(526)5,27027,871
Other undisclosed income from continuing operations before income taxes      501
Income (loss) from continuing operations before income taxes: 16,0256,8548,615(526)5,27028,372
Income tax expense (4,994)(8,992)(12,086)(10,271)(18,706)(10,372)
Income (loss) from continuing operations: 11,031(2,138)(3,471)(10,797)(13,436)18,000
Income (loss) before gain (loss) on sale of properties:11,031(2,138)(3,471)(10,797)(13,436)18,000
Net income (loss): 11,031(2,138)(3,471)(10,797)(13,436)18,000
Net income (loss) attributable to noncontrolling interest 32903104(109)  
Net income (loss) available to common stockholders, diluted: 11,063(1,235)(3,367)(10,906)(13,436)18,000

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 11,031(2,138)(3,471)(10,797)(13,436)18,000
Other comprehensive income (loss) 1,455(1,395)(2,000)683  
Comprehensive income (loss): 12,486(3,533)(5,471)(10,114)(13,436)18,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 32903104(109)  
Other undisclosed comprehensive income, net of tax, attributable to parent     955124
Comprehensive income (loss), net of tax, attributable to parent: 12,518(2,630)(5,367)(10,223)(12,481)18,124

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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