Meredith Corporation (MDP) financial statements (2021 and earlier)

Company profile

Business Address 1716 LOCUST ST
DES MOINES, IA 50309
State of Incorp. IA
Fiscal Year End June 30
SIC 2721 - Periodicals: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments379132454382225
Cash and cash equivalents379132454382225
Receivables542462609542289274
Inventory, net of allowances, customer advances and progress billings343463442221
Inventory343463442221
Capitalized contract cost222213242
Disposal group, including discontinued operation  321713  
Other current assets6343631141924
Other undisclosed current assets  7128153138
Total current assets:1,2408851,3501,979505481
Noncurrent Assets
Operating lease, right-of-use asset388405
Property, plant and equipment 883450484190191
Intangible assets, net (including goodwill)3,3063,3673,7933,9211,8631,797
Goodwill1,7201,7191,9791,916907883
Intangible assets, net (excluding goodwill)1,5861,6481,8142,005956914
Capitalized contract cost, net213222274
Deferred costs   866
Other noncurrent assets2422322642637059
Other undisclosed noncurrent assets377(483)6729695
Total noncurrent assets:4,5264,6254,7874,7482,2242,147
TOTAL ASSETS:5,7665,5106,1376,7272,7302,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities350289543605184199
Accounts payable1241212431956782
Accrued liabilities225168301410117117
Deferred revenue402403
Debt45 186375
Restructuring reserve1010    
Disposal group, including discontinued operation  252198  
Deferred revenue and credits360204199
Other undisclosed current liabilities2624466995
Total current liabilities:7927321,2611,190460478
Noncurrent Liabilities
Long-term debt and lease obligation3,4352,9852,3333,118636620
Long-term debt, excluding current maturities2,9852,9822,3333,118636620
Finance lease, liability 3
Operating lease, liability449 
Liabilities, other than long-term debt930942532357616636
Deferred revenue and credits124107129
Deferred revenue255268
Contract with customer, liability319
Deferred tax liabilities, net  385336
Deferred income tax liabilities469464
Restructuring reserve 01816  
Other liabilities207210195217125171
Other undisclosed noncurrent liabilities 463497442226
Total noncurrent liabilities:4,3654,3903,3613,9171,2741,261
Total liabilities:5,1565,1224,6225,1071,7341,739
Temporary equity, carrying amount  540523  
Stockholders' equity
Stockholders' equity attributable to parent, including:6103889751,098996889
Additional paid in capital2402282172005554
Accumulated other comprehensive income (loss)(66)(82)(46)37(19)(29)
Retained earnings391198759890916819
Other undisclosed stockholders' equity attributable to parent464545(29)4545
Total stockholders' equity:6103889751,098996889
TOTAL LIABILITIES AND EQUITY:5,7665,5106,1376,7272,7302,628

Income statement (P&L) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues5,1452,8493,1892,2471,7131,650
Revenue, net2,2471,7131,650
Cost of revenue(1,089)(1,058)(1,254)(1,034)(587)(557)
Gross profit:1,2081,7901,9351,2141,1261,092
Operating expenses(1,175)(1,884)(1,648)(1,115)(817)(962)
Operating income (loss):33(94)28799309131
Nonoperating income (expense)3(1)24(12)  
Interest and debt expense(0)(0)(18)(93)(19)(20)
Income (loss) from continuing operations before equity method investments, income taxes:36(96)293(6)290111
Other undisclosed income (loss) from continuing operations before income taxes(123)(146)(152)(4)0(1)
Income (loss) from continuing operations before income taxes:(87)(241)141(10)290110
Income tax expense (benefit)(11)32(12)124(101)(76)
Income (loss) from continuing operations:(99)(209)12911418934
Income (loss) from discontinued operations5(25)(83)(15)  
Net income (loss) attributable to parent:(94)(234)469918934
Preferred stock dividends and other adjustments(19)(75)(75)(31)  
Other undisclosed net loss available to common stockholders, basic(11)(166)(4)(2)  
Net income (loss) available to common stockholders, diluted:(123)(476)(32)6618934

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(94)(234)469918934
Comprehensive income (loss):(94)(234)469918934
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7(36)(10)(14)9(16)
Comprehensive income (loss), net of tax, attributable to parent:(86)(270)378619818

Statements sources

The financial statements are based on the company's filings with the 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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