New Media Investment Group Inc. (NEWM) financial statements (2021 and earlier)

Company profile

Business Address 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
State of Incorp.
Fiscal Year End December 31
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156292025495774
Cash and cash equivalents156292025495774
Restricted cash and investments22334433
Receivables439143151153(8)150151
Inventory, net of allowances, customer advances and progress billings55212025252725
Inventory55212025252725
Prepaid expense 253130242629
Other current assets 212121221918
Other undisclosed current assets108   182  
Total current assets:779243245258298282300
Noncurrent Assets
Operating lease, right-of-use asset309109110 
Property, plant and equipment816314331348340343356
Intangible assets, net (including goodwill), including:1,927446435435427415403
Goodwill914328317316311301288
Intangible assets, net (excluding goodwill)1,013465475485 467477
Other undisclosed intangible assets, net (including goodwill) (347)(357)(366)116(353)(363)
Deferred income tax assets76   
Other noncurrent assets1131211111099
Other undisclosed noncurrent assets 347357469370353363
Total noncurrent assets:3,2411,2291,2431,2631,1461,1201,131
TOTAL ASSETS:4,0201,4721,4881,5211,4441,4021,430
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities340126111119130111110
Accounts payable 211228171316
Accrued liabilities30710699901149894
Employee-related liabilities33      
Deferred revenue219118113 
Debt34311121112
Deferred revenue and credits103106
Other liabilities43      
Other undisclosed current liabilities1141514130105  
Total current liabilities:718264242260248225228
Noncurrent Liabilities
Long-term debt and lease obligation1,934535537435428397396
Long-term debt, excluding current maturities1,636434435435428397396
Operating lease, liability298102102 
Liabilities, other than long-term debt381353542415051
Deferred tax liabilities, net8 1010
Deferred income tax liabilities9   
Liability, pension and other postretirement and postemployment benefits236232424242425
Other liabilities136111110161616
Other undisclosed noncurrent liabilities3126968  
Total noncurrent liabilities:2,318582578574477446447
Total liabilities:3,037846821834725672675
Temporary equity, carrying amount211122 
Stockholders' equity
Stockholders' equity attributable to parent981625666686717727755
Common stock1111111
Treasury stock, value(3)(3)(3)(3)(2)(2)(2)
Additional paid in capital1,091655678700722739758
Accumulated other comprehensive income (loss)8(7)(7)(7)(7)(6)(6)
Retained earnings (accumulated deficit)(116)(21)(2)(5)4(5)4
Total stockholders' equity:981625666686717727755
TOTAL LIABILITIES AND EQUITY:4,0201,4721,4881,5211,4441,4021,430

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues699377404388416380389
Revenue, net380389
Other undisclosed gross profit(1,199)      
Gross profit:(500)377404388416380389
Operating expenses245(340)(364)(361)(368)(343)(344)
Other undisclosed operating income (loss)99(39)(28)(28)(23)(35)(22)
Operating income (loss):(156)(2)12(1)25323
Nonoperating income (expense)(61)000(0)00
Other nonoperating income (expense) 000(0)00
Interest and debt expense24(10)(10)(10)(12)(9)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(192)(12)2(11)12(6)15
Other undisclosed income from continuing operations before income taxes6      
Income (loss) from continuing operations before income taxes:(186)(12)2(11)12(6)15
Income tax expense (benefit)91(7)0210(3)
Net income (loss):(95)(19)3(9)13(6)12
Net income (loss) attributable to noncontrolling interest01000(0) 
Net income (loss) available to common stockholders, diluted:(95)(18)3(9)13(6)12

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(95)(19)3(9)13(6)12
Other undisclosed comprehensive income (loss)15(0)(0)(0)(1)(0) 
Comprehensive income (loss):(80)(19)3(9)12(6)12
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01000(0) 
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent:(80)(18)3(9)12(6)12

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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