Lee Enterprises, Incorporated (LEE) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
4600 E. 53RD STREET DAVENPORT, IA 52807 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| 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)
| 6/30/2023 MRQ | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,346 | 16,185 | 26,112 | 33,733 | 8,645 | 5,380 | |||
| Cash and cash equivalents | 18,346 | 16,185 | 26,112 | 33,733 | 8,645 | 5,380 | |||
| Receivables | 75,405 | 69,522 | 65,070 | 52,598 | 42,536 | ||||
| Inventory, net of allowances, customer advances and progress billings | 8,991 | 8,265 | 6,297 | 7,534 | 3,769 | 5,684 | |||
| Inventory | 8,991 | 8,265 | 6,297 | 7,534 | 3,769 | 5,684 | |||
| Disposal group, including discontinued operation | 250 | ||||||||
| Other current assets | 15,151 | 11,320 | 14,888 | 5,353 | 4,567 | ||||
| Other undisclosed current assets | 18,352 | 43,461 | |||||||
| Total current assets: | 121,094 | 109,123 | 108,799 | 108,753 | 60,303 | 59,342 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 47,097 | 47,490 | 65,682 | 70,933 | ✕ | ||||
| Property, plant and equipment | 70,436 | 73,713 | 83,266 | 105,609 | 82,039 | 92,328 | |||
| Long-term investments and receivables | 33,829 | 33,349 | 32,747 | 33,879 | 39,426 | 40,174 | |||
| Long-term investments | 33,829 | 33,349 | 32,747 | 33,879 | 39,426 | 40,174 | |||
| Intangible assets, net (including goodwill) | 446,038 | 450,877 | 486,875 | 511,125 | 357,702 | 365,995 | |||
| Goodwill | 329,504 | 329,504 | 330,204 | 328,445 | 250,309 | 246,176 | |||
| Intangible assets, net (excluding goodwill) | 116,534 | 121,373 | 156,671 | 182,680 | 107,393 | 119,819 | |||
| Other noncurrent assets | 9,119 | 9,896 | 13,632 | 13,699 | 1,394 | 1,415 | |||
| Other undisclosed noncurrent assets | 20,083 | 19,594 | 52,550 | 20,059 | 14,338 | 16,157 | |||
| Total noncurrent assets: | 626,602 | 634,919 | 734,752 | 755,304 | 494,899 | 516,069 | |||
| TOTAL ASSETS: | 747,696 | 744,042 | 843,551 | 864,057 | 555,202 | 575,411 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 79,328 | 73,348 | 65,496 | 61,441 | 36,364 | 34,419 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,903 | 2,031 | ||||
| Accounts payable | 39,383 | 28,608 | 20,420 | 17,163 | 16,750 | 12,747 | |||
| Accrued liabilities | 39,945 | 44,740 | 45,076 | 44,278 | 17,711 | 19,641 | |||
| Deferred revenue | 48,750 | 49,929 | 61,404 | 60,271 | 21,720 | ✕ | |||
| Debt | 6,112 | 13,733 | 2,954 | 7,027 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,895 | ||
| Other undisclosed current liabilities | 7,848 | 7,859 | 8,612 | 8,577 | |||||
| Total current liabilities: | 135,926 | 131,136 | 141,624 | 144,022 | 61,038 | 65,341 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 462,554 | 462,554 | 534,187 | 586,931 | 429,391 | 460,777 | |||
| Long-term debt, excluding current maturities | 462,554 | 462,554 | 476,504 | 524,557 | 429,391 | 460,777 | |||
| Liabilities, other than long-term debt | 130,798 | 133,115 | 111,042 | 162,737 | 71,798 | 85,553 | |||
| Accounts payable and accrued liabilities | 8,446 | 8,292 | 9,174 | 18,048 | 8,742 | 6,559 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 39,108 | ||
| Deferred income tax liabilities | 42,503 | 42,719 | 40,295 | 15,208 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 10,275 | 10,187 | 33,452 | 115,199 | 49,587 | 29,325 | |||
| Other liabilities | 25,512 | 25,914 | 28,121 | 14,282 | 13,469 | 10,561 | |||
| Operating lease, liability | 44,062 | 46,003 | 57,683 | 62,374 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 29,806 | ||||||||
| Total noncurrent liabilities: | 593,352 | 595,669 | 645,229 | 749,668 | 530,995 | 546,330 | |||
| Total liabilities: | 729,278 | 726,805 | 786,853 | 893,690 | 592,033 | 611,671 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 15,930 | 15,005 | 54,565 | (31,564) | (38,484) | (37,354) | |||
| Additional paid in capital | 259,487 | 259,521 | 258,063 | 256,431 | 255,476 | 253,511 | |||
| Accumulated other comprehensive income (loss) | 16,513 | 16,653 | 42,187 | (20,050) | (29,114) | (11,746) | |||
| Accumulated deficit | (260,130) | (261,229) | (245,744) | (268,529) | (265,423) | (279,691) | |||
| Other undisclosed equity, attributable to parent | 60 | 60 | 59 | 584 | 577 | 572 | |||
| Equity, attributable to noncontrolling interest | 2,488 | 2,232 | 2,133 | 1,931 | 1,653 | 1,094 | |||
| Total equity: | 18,418 | 17,237 | 56,698 | (29,633) | (36,831) | (36,260) | |||
| TOTAL LIABILITIES AND EQUITY: | 747,696 | 744,042 | 843,551 | 864,057 | 555,202 | 575,411 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 763,818 | 780,969 | 794,649 | 618,004 | 509,854 | 543,955 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 543,955 | |
| Gross profit: | 763,818 | 780,969 | 794,649 | 618,004 | 509,854 | 543,955 | ||
| Operating expenses | (758,474) | (761,775) | (744,505) | (571,129) | (442,246) | (464,681) | ||
| Other undisclosed operating income | 5,571 | 5,657 | 6,412 | 3,403 | 7,121 | 9,249 | ||
| Operating income: | 10,915 | 24,851 | 56,556 | 50,278 | 74,729 | 88,523 | ||
| Nonoperating expense | (26,406) | (24,056) | (24,509) | (47,435) | (50,889) | (57,703) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 1,027 | 23,830 | ||||||
| Other nonoperating income | 11,947 | 9,296 | 12,274 | 3,813 | 450 | |||
| Interest and debt expense | (41,515) | (41,770) | (44,773) | (47,743) | (47,488) | (52,842) | ||
| Loss from continuing operations before equity method investments, income taxes: | (57,006) | (40,975) | (12,726) | (44,900) | (23,648) | (22,022) | ||
| Loss from equity method investments | (86) | |||||||
| Other undisclosed income from continuing operations before income taxes | 41,601 | 41,770 | 44,773 | 47,743 | 47,488 | |||
| Income (loss) from continuing operations before income taxes: | (15,491) | 795 | 32,047 | 2,843 | 23,840 | (22,022) | ||
| Income tax expense (benefit) | 4,213 | (698) | (7,215) | (4,104) | (7,931) | 16,228 | ||
| Income (loss) from continuing operations: | (11,278) | 97 | 24,832 | (1,261) | 15,909 | (5,794) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (6,498) | ✕ | 24,832 | (1,261) | 15,909 | (5,794) | |
| Other undisclosed net income | 52,842 | |||||||
| Net income (loss): | (11,278) | 97 | 24,832 | (1,261) | 15,909 | 47,048 | ||
| Net loss attributable to noncontrolling interest | (2,298) | (2,114) | (2,047) | (1,845) | (1,641) | (1,282) | ||
| Net income (loss) available to common stockholders, diluted: | (13,576) | (2,017) | 22,785 | (3,106) | 14,268 | 45,766 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (11,278) | 97 | 24,832 | (1,261) | 15,909 | 47,048 | ||
| Other comprehensive income (loss) | (19,562) | (25,534) | 62,237 | 9,064 | (17,368) | 4,322 | ||
| Comprehensive income (loss): | (30,840) | (25,437) | 87,069 | 7,803 | (1,459) | 51,370 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,298) | (2,114) | (2,047) | (1,845) | (1,641) | (1,282) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (33,138) | (27,551) | 85,022 | 5,958 | (3,100) | 50,088 | ||
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.