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
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments379201132 2127
Cash and cash equivalents379201132 2127
Receivables542485462 617590
Inventory, net of allowances, customer advances and progress billings343334 5066
Inventory343334 5066
Capitalized contract cost222225213 256258
Disposal group, including discontinued operation    52313
Other current assets637343 6872
Total current assets:1,2401,017885 1,0621,326
Noncurrent Assets
Operating lease, right-of-use asset388396405 488502
Property, plant and equipment  883 442445
Intangible assets, net (including goodwill)3,3063,3363,367 3,7243,765
Goodwill1,7201,7191,719 1,9701,979
Intangible assets, net (excluding goodwill)1,5861,6171,648 1,7541,786
Capitalized contract cost, net213235222 242292
Other noncurrent assets242230232 275266
Other undisclosed noncurrent assets377388(483)   
Total noncurrent assets:4,5264,5854,625 5,1715,269
TOTAL ASSETS:5,7665,6025,510 6,2336,595
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities350299289 424417
Accounts payable124138121 149217
Accrued liabilities225162168 275200
Deferred revenue402414403 428473
Debt445 11
Restructuring reserve101610 2134
Disposal group, including discontinued operation    2243
Other undisclosed current liabilities262024 133
Total current liabilities:792753732 8891,171
Noncurrent Liabilities
Long-term debt and lease obligation3,4353,4422,985 2,8402,890
Long-term debt, excluding current maturities2,9852,9842,982 2,3562,395
Finance lease, liability  3   
Operating lease, liability449458  484495
Liabilities, other than long-term debt930959942 1,0251,061
Deferred revenue255280268 299341
Deferred income tax liabilities469468464 520519
Restructuring reserve  0   
Other liabilities207211210 206201
Other undisclosed noncurrent liabilities  463   
Total noncurrent liabilities:4,3654,4014,390 3,8653,951
Total liabilities:5,1565,1535,122 4,7545,122
Temporary equity, carrying amount    549545
Stockholders' equity
Stockholders' equity attributable to parent, including:610449388 930929
Additional paid in capital240236228 223223
Accumulated other comprehensive loss(66)(75)(82) (41)(51)
Retained earnings391242198 703711
Other undisclosed stockholders' equity attributable to parent464645 4545
Total stockholders' equity:610449388 930929
TOTAL LIABILITIES AND EQUITY:5,7665,6025,510 6,2336,595

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

12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
Revenues9026942,849 811725
Cost of revenue(271)(258)  (280)(282)
Gross profit:631435  531443
Operating expenses(382)(357)  (397)(400)
Operating income:24878  13443
Nonoperating income (expense)06  (7)9
Interest and debt expense    (0)(0)
Income from continuing operations before equity method investments, income taxes:24984  12751
Other undisclosed loss from continuing operations before income taxes(43)(44)  (37)(39)
Income from continuing operations before income taxes:20640  9013
Income tax expense (benefit)(57)2  (28)(1)
Income from continuing operations:14942  6212
Loss from discontinued operations    (24)(6)
Net income attributable to parent:14942  386
Preferred stock dividends and other adjustments    (19)(19)
Other undisclosed net loss available to common stockholders, basic(8)(2)  (1)(1)
Net income (loss) available to common stockholders, basic:14140  18(14)
Other undisclosed net income available to common stockholders, diluted    1 
Net income (loss) available to common stockholders, diluted:14140  19(14)

Comprehensive Income ($ in millions)

12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
Net income:14942  386
Comprehensive income:14942  386
Other undisclosed comprehensive income (loss), net of tax, attributable to parent97  10(4)
Comprehensive income, net of tax, attributable to parent:15849  472

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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