Spanish Broadcasting System Inc (SBSAA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
PABLO RAUL ALARCON MEDIA CENTER MIAMI, FL 33166 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,856 | 22,468 | 16,141 | 23,835 | 19,443 | 23,991 | |||
| Cash and cash equivalent | 20,856 | 22,468 | 16,141 | 23,835 | 19,443 | 23,991 | |||
| Receivables | 39,469 | 31,551 | 30,805 | 32,477 | 33,215 | 25,389 | |||
| Prepaid expense | 2,511 | 3,432 | 1,884 | ||||||
| Disposal group, including discontinued operation | 12,474 | ||||||||
| Other current assets | 596 | 449 | 1,010 | ||||||
| Other undisclosed current assets | 4,368 | 3,599 | 5,161 | 6,597 | 5,318 | 3,928 | |||
| Total current assets: | 80,274 | 61,499 | 55,001 | 62,909 | 57,976 | 53,308 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 17,978 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 23,022 | 22,414 | 23,464 | 26,406 | 30,460 | 32,382 | |||
| Intangible assets, net (including goodwill) | 344,088 | 355,759 | 356,339 | 359,583 | 355,170 | 359,061 | |||
| Goodwill | 32,806 | 32,806 | 32,806 | 32,806 | 32,806 | 32,806 | |||
| Intangible assets, net (excluding goodwill) | 311,282 | 322,953 | 323,533 | 326,777 | 322,364 | 326,255 | |||
| Disposal group, including discontinued operation, noncurrent assets | 409 | 2,794 | |||||||
| Deferred costs | (13,080) | (9,706) | |||||||
| Other noncurrent assets | 3,682 | 4,640 | 691 | 384 | 531 | 728 | |||
| Deferred tax assets, net | ✕ | ✕ | 1,758 | ||||||
| Other undisclosed noncurrent assets | 1,608 | 16,135 | 16,040 | ||||||
| Total noncurrent assets: | 388,770 | 382,813 | 380,903 | 387,981 | 393,768 | 398,505 | |||
| TOTAL ASSETS: | 469,044 | 444,312 | 435,904 | 450,890 | 451,744 | 451,813 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 20,333 | 20,370 | 18,763 | 12,733 | 16,552 | 16,495 | |||
| Interest and dividends payable | 1,513 | 1,513 | 1,797 | 7,194 | 7,202 | ||||
| Taxes payable | 97 | 1,768 | |||||||
| Accounts payable | 2,050 | 1,913 | 2,762 | 1,774 | 2,779 | 1,920 | |||
| Accrued liabilities | 7,152 | 6,908 | 8,711 | 4,616 | 5,661 | 3,997 | |||
| Other undisclosed accounts payable and accrued liabilities | 9,618 | 10,036 | 5,493 | 6,246 | 918 | 1,608 | |||
| Deferred revenue | 991 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 250,812 | 249,864 | 260,274 | 277,849 | 306 | 336 | |||
| Disposal group, including discontinued operation | 1,510 | ||||||||
| Other liabilities | 9 | 11 | 4 | 30 | 269 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 715 | 1,325 | 796 | 449 | ||
| Due to related parties | 1,600 | ||||||||
| Contract with customer, liability | ✕ | ✕ | 798 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 186,562 | 176,828 | 167,378 | 163,138 | 153,308 | 141,982 | |||
| Total current liabilities: | 460,208 | 447,869 | 447,141 | 455,049 | 170,992 | 161,131 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,538 | 277,007 | 275,579 | ||||||
| Long-term debt, excluding current maturities | 277,007 | 275,579 | |||||||
| Liabilities, other than long-term debt | 4,387 | 75,822 | 84,677 | 109,958 | 102,293 | 89,308 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 72,224 | 81,271 | 106,986 | 99,066 | 88,806 | ||
| Disposal group, including discontinued operation, liabilities | 1,510 | ||||||||
| Other liabilities | 2,877 | 3,598 | 3,406 | 2,955 | 3,007 | 94 | |||
| Operating lease, liability | 17,538 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 17 | 220 | 408 | ||||||
| Other undisclosed noncurrent liabilities | 67,208 | ||||||||
| Total noncurrent liabilities: | 89,133 | 75,822 | 84,677 | 109,958 | 379,300 | 364,887 | |||
| Total liabilities: | 549,341 | 523,691 | 531,818 | 565,007 | 550,292 | 526,018 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (80,297) | (79,379) | (95,914) | (114,117) | (98,548) | (74,205) | |||
| Additional paid in capital | 526,201 | 526,191 | 526,147 | 525,999 | 525,344 | 525,335 | |||
| Accumulated other comprehensive loss | (102) | (220) | (408) | ||||||
| Accumulated deficit | (606,502) | (605,574) | (622,065) | (640,018) | (623,676) | (599,136) | |||
| Other undisclosed equity, attributable to parent | 4 | 4 | 4 | 4 | 4 | 4 | |||
| Total equity: | (80,297) | (79,379) | (95,914) | (114,117) | (98,548) | (74,205) | |||
| TOTAL LIABILITIES AND EQUITY: | 469,044 | 444,312 | 435,904 | 450,890 | 451,744 | 451,813 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 178,885 | 163,474 | 134,709 | 144,619 | 146,899 | 146,280 | ||
| Gross profit: | 178,885 | 163,474 | 134,709 | 144,619 | 146,899 | 146,280 | ||
| Operating expenses | (73,846) | (50,618) | (48,953) | (102,498) | (112,599) | (112,293) | ||
| Other undisclosed operating income (loss) | (66,408) | (61,262) | (45,223) | 48 | (449) | 1,357 | ||
| Operating income: | 38,631 | 51,594 | 40,533 | 42,169 | 33,851 | 35,344 | ||
| Nonoperating income (Investment Income, Nonoperating) | 20 | 22 | 13 | 13 | 38 | 5 | ||
| Interest and debt expense | (31,245) | (31,862) | (35,850) | (40,162) | (39,885) | (39,724) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (9,734) | (9,734) | (9,733) | (9,734) | (9,734) | (9,734) | ||
| Income (loss) from continuing operations before income taxes: | (2,328) | 10,020 | (5,037) | (7,714) | (15,730) | (14,109) | ||
| Income tax expense (benefit) | 1,400 | 6,471 | 24,658 | (8,628) | (11,225) | (5,842) | ||
| Income (loss) from continuing operations: | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | ||
| Income (loss) before gain (loss) on sale of properties: | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | ||
| Net income (loss) available to common stockholders, diluted: | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | ||
Comprehensive Income ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | ||
| Comprehensive income (loss): | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 102 | 118 | 188 | 194 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (928) | 16,491 | 19,723 | (16,224) | (26,767) | (19,757) | ||
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.