Meredith Corporation (MDP) Financial Statements (2024 and earlier)

Company Profile

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

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

9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments240,200230,700379,100201,000132,400 
Cash and cash equivalents240,200230,700379,100201,000132,400 
Receivables501,100486,400542,300484,700461,900 
Inventory, net of allowances, customer advances and progress billings29,30028,90033,80032,90034,200 
Inventory29,30028,90033,80032,90034,200 
Capitalized contract cost225,600205,500222,100225,200213,200 
Other current assets115,90061,40062,90073,30043,100 
Total current assets:1,112,1001,012,9001,240,2001,017,100884,800 
Noncurrent Assets
Operating lease, right-of-use asset371,000379,800387,600396,100404,600 
Property, plant and equipment 883,800   883,300 
Intangible assets, net (including goodwill)3,276,1003,287,5003,305,9003,336,3003,366,800 
Goodwill1,719,3001,719,2001,719,6001,719,4001,719,300 
Intangible assets, net (excluding goodwill)1,556,8001,568,3001,586,3001,616,9001,647,500 
Capitalized contract cost, net180,400181,000212,800234,800221,600 
Other noncurrent assets265,600290,000242,400229,600232,400 
Other undisclosed noncurrent assets(523,200)368,000377,400387,900(483,400) 
Total noncurrent assets:4,453,7004,506,3004,526,1004,584,7004,625,300 
TOTAL ASSETS:5,565,8005,519,2005,766,3005,601,8005,510,100 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities422,800330,200349,600299,200289,200 
Accounts payable185,100141,700124,400137,600121,100 
Accrued liabilities237,700188,500225,200161,600168,100 
Deferred revenue396,400376,200402,300413,600403,200 
Debt4,1004,1004,1004,1004,900 
Restructuring reserve4,3007,60010,00016,00010,300 
Other undisclosed current liabilities31,90028,50025,70019,60024,100 
Total current liabilities:859,500746,600791,700752,500731,700 
Noncurrent Liabilities
Long-term debt and lease obligation2,741,9003,181,4003,434,6003,441,7002,985,000 
Long-term debt, excluding current maturities2,741,9002,740,2002,985,2002,983,5002,981,800 
Finance lease, liability     3,200 
Liabilities, other than long-term debt880,200897,300930,100959,100942,100 
Deferred revenue218,800223,700254,600280,100267,500 
Deferred income tax liabilities462,400468,600468,700467,900463,800 
Restructuring reserve     400 
Other liabilities199,000205,000206,800211,100210,400 
Operating lease, liability 441,200449,400458,200  
Other undisclosed noncurrent liabilities 432,100   463,100 
Total noncurrent liabilities:4,054,2004,078,7004,364,7004,400,8004,390,200 
Total liabilities:4,913,7004,825,3005,156,4005,153,3005,121,900 
Equity
Equity, attributable to parent, including:652,100693,900609,900448,500388,200 
Additional paid in capital178,500243,000240,000236,300227,600 
Accumulated other comprehensive loss(78,400)(64,300)(66,200)(75,300)(82,400) 
Retained earnings506,300469,600390,500242,000197,600 
Other undisclosed equity, attributable to parent45,70045,60045,60045,50045,400 
Total equity:652,100693,900609,900448,500388,200 
TOTAL LIABILITIES AND EQUITY:5,565,8005,519,2005,766,3005,601,8005,510,100 

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

9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
Revenues717,900664,500901,500693,5002,848,600 
Cost of revenue(280,900)(166,400)(270,700)(258,200)  
Gross profit:437,000498,100630,800435,300  
Operating expenses(361,900)(338,300)(382,400)(357,200)  
Operating income:75,100159,800248,40078,100  
Nonoperating income2,9002,1002005,600  
Income from continuing operations before equity method investments, income taxes:78,000161,900248,60083,700  
Other undisclosed loss from continuing operations before income taxes(37,900)(54,100)(43,100)(43,500)  
Income from continuing operations before income taxes:40,100107,800205,50040,200  
Income tax expense (benefit)(3,400)(28,700)(57,000)2,100  
Income from continuing operations:36,70079,100148,50042,300  
Income before gain (loss) on sale of properties:36,70079,100148,50042,300
Net income attributable to parent:36,70079,100148,50042,300  
Other undisclosed net loss available to common stockholders, basic(1,600)(4,100)(7,900)(2,000)  
Net income available to common stockholders, diluted:35,10075,000140,60040,300  

Comprehensive Income ($ in thousands)

9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
Net income:36,70079,100148,50042,300  
Comprehensive income:36,70079,100148,50042,300  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14,100)1,9009,1007,100  
Comprehensive income, net of tax, attributable to parent:22,60081,000157,60049,400  

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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