Spanish Broadcasting System Inc (SBSAA) financial statements (2022 and earlier)
Company profile
| Business Address |
PABLO RAUL ALARCON MEDIA CENTER MIAMI, FL 33166 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,856 | 22,468 | 16,141 | 23,835 | 19,443 | 23,991 | 23,566 | ||
| Cash and cash equivalents | 20,856 | 22,468 | 16,141 | 23,835 | 19,443 | 23,991 | 23,566 | ||
| Receivables | 39,469 | 31,551 | 30,805 | 32,477 | 33,215 | 25,389 | 29,921 | ||
| 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 | 2,778 | ||
| Total current assets: | 80,274 | 61,499 | 55,001 | 62,909 | 57,976 | 53,308 | 56,265 | ||
| 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 | 35,420 | ||
| Intangible assets, net (including goodwill) | 344,088 | 355,759 | 356,339 | 359,583 | 355,170 | 359,061 | 355,033 | ||
| Goodwill | 32,806 | 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 | 322,227 | ||
| 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 | 1,218 | ||
| Deferred tax assets, net | ✕ | 1,758 | |||||||
| Other undisclosed noncurrent assets | 1,608 | 16,135 | 16,040 | 13,812 | |||||
| Total noncurrent assets: | 388,770 | 382,813 | 380,903 | 387,981 | 393,768 | 398,505 | 405,483 | ||
| TOTAL ASSETS: | 469,044 | 444,312 | 435,904 | 450,890 | 451,744 | 451,813 | 461,748 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 20,333 | 20,370 | 18,763 | 12,733 | 16,552 | 16,495 | 19,593 | ||
| 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 | |||
| Taxes payable | 97 | 1,768 | 1,980 | ||||||
| Interest and dividends payable | 1,513 | 1,513 | 1,797 | 7,194 | 7,202 | ||||
| Other undisclosed accounts payable and accrued liabilities | 9,618 | 10,036 | 5,493 | 6,246 | 918 | 1,608 | 17,613 | ||
| Deferred revenue | 991 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 250,812 | 249,864 | 260,274 | 277,849 | 306 | 336 | 3,004 | ||
| Due to related parties | 1,600 | ||||||||
| Disposal group, including discontinued operation | 1,510 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 715 | 1,325 | 796 | 449 | 512 | ||
| Contract with customer, liability | ✕ | 798 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 9 | 11 | 4 | 30 | 269 | 497 | |||
| Other undisclosed current liabilities | 186,562 | 176,828 | 167,378 | 163,138 | 153,308 | 141,982 | 133,917 | ||
| Total current liabilities: | 460,208 | 447,869 | 447,141 | 455,049 | 170,992 | 161,131 | 157,523 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 17,538 | 277,007 | 275,579 | 274,396 | |||||
| Long-term debt, excluding current maturities | 277,007 | 275,579 | 274,396 | ||||||
| Operating lease, liability | 17,538 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 4,387 | 75,822 | 84,677 | 109,958 | 102,293 | 89,308 | 84,278 | ||
| Deferred tax liabilities, net | ✕ | 72,224 | 81,271 | 106,986 | 99,066 | 88,806 | 83,172 | ||
| Disposal group, including discontinued operation, liabilities | 1,510 | ||||||||
| Other liabilities | 2,877 | 3,598 | 3,406 | 2,955 | 3,007 | 94 | 504 | ||
| Derivative instruments and hedges, liabilities | 17 | 220 | 408 | 602 | |||||
| Other undisclosed noncurrent liabilities | 67,208 | ||||||||
| Total noncurrent liabilities: | 89,133 | 75,822 | 84,677 | 109,958 | 379,300 | 364,887 | 358,674 | ||
| Total liabilities: | 549,341 | 523,691 | 531,818 | 565,007 | 550,292 | 526,018 | 516,197 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (80,297) | (79,379) | (95,914) | (114,117) | (98,548) | (74,205) | (54,449) | ||
| Additional paid in capital | 526,201 | 526,191 | 526,147 | 525,999 | 525,344 | 525,335 | 525,334 | ||
| Accumulated other comprehensive loss | (102) | (220) | (408) | (602) | |||||
| Accumulated deficit | (606,502) | (605,574) | (622,065) | (640,018) | (623,676) | (599,136) | (579,185) | ||
| Other undisclosed stockholders' equity attributable to parent | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Total stockholders' equity: | (80,297) | (79,379) | (95,914) | (114,117) | (98,548) | (74,205) | (54,449) | ||
| TOTAL LIABILITIES AND EQUITY: | 469,044 | 444,312 | 435,904 | 450,890 | 451,744 | 451,813 | 461,748 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 178,885 | 163,474 | 134,709 | 144,619 | 146,899 | 146,280 | 153,774 | |
| Gross profit: | 178,885 | 163,474 | 134,709 | 144,619 | 146,899 | 146,280 | 153,774 | |
| Operating expenses | (73,846) | (50,618) | (48,953) | (102,498) | (112,599) | (112,293) | (114,554) | |
| Other undisclosed operating income (loss) | (66,408) | (61,262) | (45,223) | 48 | (449) | 1,357 | (864) | |
| Operating income: | 38,631 | 51,594 | 40,533 | 42,169 | 33,851 | 35,344 | 38,356 | |
| 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) | (39,715) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (9,734) | (9,734) | (9,733) | (9,734) | (9,734) | (9,734) | (89,591) | |
| Income (loss) from continuing operations before income taxes: | (2,328) | 10,020 | (5,037) | (7,714) | (15,730) | (14,109) | (90,950) | |
| Income tax expense (benefit) | 1,400 | 6,471 | 24,658 | (8,628) | (11,225) | (5,842) | 2,384 | |
| Net income (loss) attributable to parent: | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | (88,566) | |
| Other undisclosed net income available to common stockholders, basic | 79,704 | |||||||
| Net income (loss) available to common stockholders, diluted: | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | (8,862) | |
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | (88,566) | |
| Comprehensive income (loss): | (928) | 16,491 | 19,621 | (16,342) | (26,955) | (19,951) | (88,566) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 102 | 118 | 188 | 194 | 214 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (928) | 16,491 | 19,723 | (16,224) | (26,767) | (19,757) | (88,352) | |
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.