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 20,85622,46816,14123,83519,44323,991
Cash and cash equivalent 20,85622,46816,14123,83519,44323,991
Receivables 39,46931,55130,80532,47733,21525,389
Prepaid expense 2,5113,4321,884   
Disposal group, including discontinued operation 12,474     
Other current assets 5964491,010   
Other undisclosed current assets 4,3683,5995,1616,5975,3183,928
Total current assets: 80,27461,49955,00162,90957,97653,308
Noncurrent Assets
Operating lease, right-of-use asset 17,978
Property, plant and equipment 23,02222,41423,46426,40630,46032,382
Intangible assets, net (including goodwill) 344,088355,759356,339359,583355,170359,061
Goodwill 32,80632,80632,80632,80632,80632,806
Intangible assets, net (excluding goodwill) 311,282322,953323,533326,777322,364326,255
Disposal group, including discontinued operation, noncurrent assets   409 2,794 
Deferred costs     (13,080)(9,706)
Other noncurrent assets 3,6824,640691384531728
Deferred tax assets, net   1,758 
Other undisclosed noncurrent assets    1,60816,13516,040
Total noncurrent assets: 388,770382,813380,903387,981393,768398,505
TOTAL ASSETS: 469,044444,312435,904450,890451,744451,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 20,33320,37018,76312,73316,55216,495
Interest and dividends payable 1,5131,5131,797 7,1947,202
Taxes payable    97 1,768
Accounts payable 2,0501,9132,7621,7742,7791,920
Accrued liabilities 7,1526,9088,7114,6165,6613,997
Other undisclosed accounts payable and accrued liabilities 9,61810,0365,4936,2469181,608
Deferred revenue 991
Debt 250,812249,864260,274277,849306336
Disposal group, including discontinued operation 1,510     
Other liabilities  911430269
Deferred revenue and credits7151,325796449
Due to related parties      1,600
Contract with customer, liability798
Other undisclosed current liabilities 186,562176,828167,378163,138153,308141,982
Total current liabilities: 460,208447,869447,141455,049170,992161,131
Noncurrent Liabilities
Long-term debt and lease obligation 17,538   277,007275,579
Long-term debt, excluding current maturities     277,007275,579
Liabilities, other than long-term debt 4,38775,82284,677109,958102,29389,308
Deferred tax liabilities, net72,22481,271106,98699,06688,806
Disposal group, including discontinued operation, liabilities 1,510     
Other liabilities 2,8773,5983,4062,9553,00794
Operating lease, liability 17,538
Derivative instruments and hedges, liabilities    17220408
Other undisclosed noncurrent liabilities 67,208     
Total noncurrent liabilities: 89,13375,82284,677109,958379,300364,887
Total liabilities: 549,341523,691531,818565,007550,292526,018
Equity
Equity, attributable to parent, including: (80,297)(79,379)(95,914)(114,117)(98,548)(74,205)
Additional paid in capital 526,201526,191526,147525,999525,344525,335
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 444444
Total equity: (80,297)(79,379)(95,914)(114,117)(98,548)(74,205)
TOTAL LIABILITIES AND EQUITY: 469,044444,312435,904450,890451,744451,813

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 178,885163,474134,709144,619146,899146,280
Gross profit: 178,885163,474134,709144,619146,899146,280
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: 38,63151,59440,53342,16933,85135,344
Nonoperating income
(Investment Income, Nonoperating)
 20221313385
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) 1,4006,47124,658(8,628)(11,225)(5,842)
Income (loss) from continuing operations: (928)16,49119,621(16,342)(26,955)(19,951)
Income (loss) before gain (loss) on sale of properties: (928)16,49119,621(16,342)(26,955)(19,951)
Net income (loss) available to common stockholders, diluted: (928)16,49119,621(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)16,49119,621(16,342)(26,955)(19,951)
Comprehensive income (loss): (928)16,49119,621(16,342)(26,955)(19,951)
Other undisclosed comprehensive income, net of tax, attributable to parent   102118188194
Comprehensive income (loss), net of tax, attributable to parent: (928)16,49119,723(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.

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