E.W. Scripps Company (The) (SSP) Financial Statements (2024 and earlier)
Company Profile
Business Address |
312 WALNUT STREET CININNATI, OH 45202 |
State of Incorp. | OH |
Fiscal Year End | December 31 |
Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 18,027 | 66,223 | 576,021 | 148,699 | |||||
Cash and cash equivalents | 18,027 | 66,223 | 576,021 | 148,699 | |||||
Restricted cash and investments | 34,257 | ||||||||
Receivables | 600,098 | 572,525 | 429,017 | 413,567 | 281,330 | 245,365 | |||
Asset, held-for-sale, not part of disposal group | 136,004 | ||||||||
Other current assets | 25,816 | 28,503 | 26,784 | 41,074 | 28,899 | 21,998 | |||
Other undisclosed current assets | 773 | 1,062,363 | 122,803 | 165,372 | 53,468 | ||||
Total current assets: | 643,941 | 702,281 | 2,094,185 | 577,444 | 475,601 | 605,534 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 28,252 | ✕ | ✕ | ||||||
Operating lease, right-of-use asset | 117,869 | 124,821 | 51,471 | ✕ | ✕ | ||||
Property, plant and equipment | 456,945 | 343,920 | 375,904 | 237,927 | 209,995 | ||||
Long-term investments and receivables | 23,144 | 21,632 | 14,404 | 8,553 | 7,162 | 7,699 | |||
Long-term investments | 23,144 | 21,632 | 14,404 | 8,553 | 7,162 | 7,699 | |||
Intangible assets, net (including goodwill) | 4,741,828 | 4,823,695 | 2,178,656 | 2,333,646 | 1,312,966 | 1,181,924 | |||
Goodwill | 2,920,574 | 2,913,384 | 1,203,212 | 1,271,855 | 834,013 | 755,949 | |||
Intangible assets, net (excluding goodwill) | 1,821,254 | 1,910,311 | 975,444 | 1,061,791 | 478,953 | 425,975 | |||
Other noncurrent assets | 17,661 | 18,624 | 38,049 | 19,108 | 16,515 | 19,051 | |||
Other undisclosed noncurrent assets | 858,310 | 510,316 | 138,701 | 246,698 | 79,890 | 105,345 | |||
Total noncurrent assets: | 5,787,064 | 5,956,033 | 2,765,201 | 2,983,909 | 1,654,460 | 1,524,014 | |||
TOTAL ASSETS: | 6,431,005 | 6,658,314 | 4,859,386 | 3,561,353 | 2,130,061 | 2,129,548 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 211,278 | 238,116 | 225,374 | 136,830 | 117,960 | 109,982 | |||
Interest and dividends payable | ✕ | ✕ | 34,973 | 16,514 | 15,352 | ||||
Employee-related liabilities | ✕ | ✕ | 68,545 | 55,133 | 45,701 | 44,929 | 41,939 | ||
Accounts payable | 82,710 | 83,931 | 68,139 | 29,153 | 26,919 | 23,647 | |||
Accrued liabilities | 128,568 | 50,667 | 85,588 | 46,624 | 46,112 | 44,396 | |||
Deferred revenue | ✕ | ✕ | |||||||
Debt | 19,038 | 18,612 | 10,612 | 10,612 | 3,000 | 5,656 | |||
Program rights obligations | 167,131 | 180,269 | 72,743 | 96,682 | 40,301 | 58,176 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,353 | ||
Other liabilities | 69,801 | 54,883 | 35,626 | 43,678 | 25,339 | 10,085 | |||
Other undisclosed current liabilities | 17,757 | 20,000 | 14,101 | 11,678 | 11,459 | 19,536 | |||
Total current liabilities: | 485,005 | 511,880 | 358,456 | 299,480 | 198,059 | 210,788 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 2,853,793 | 3,243,285 | 2,965,456 | 1,904,418 | 685,764 | 687,619 | |||
Long-term debt, excluding current maturities | 2,853,793 | 3,129,393 | 2,923,359 | 1,904,418 | 685,764 | 687,619 | |||
Liabilities, other than long-term debt | 961,382 | 932,715 | 372,209 | 335,781 | 320,073 | 293,656 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 19,833 | 25,531 | |||
Deferred income tax liabilities | 370,457 | 356,777 | 85,844 | ✕ | ✕ | ||||
Other liabilities | 484,059 | 575,938 | 286,365 | 315,948 | 294,542 | 293,656 | |||
Operating lease, liability | 106,866 | 113,892 | 42,097 | ✕ | ✕ | ||||
Other undisclosed noncurrent liabilities | 123,739 | ||||||||
Total noncurrent liabilities: | 3,815,175 | 4,176,000 | 3,337,665 | 2,363,938 | 1,005,837 | 981,275 | |||
Total liabilities: | 4,300,180 | 4,687,880 | 3,696,121 | 2,663,418 | 1,203,896 | 1,192,063 | |||
Equity | |||||||||
Equity, attributable to parent | 1,717,745 | 1,559,669 | 1,163,265 | 897,935 | 926,165 | 936,853 | |||
Common stock | 817 | 810 | 807 | 816 | |||||
Additional paid in capital | 1,444,501 | 1,428,460 | 1,130,789 | 1,117,095 | 1,106,984 | 1,129,020 | |||
Accumulated other comprehensive loss | (77,471) | (73,909) | (100,119) | (98,989) | (95,397) | (102,922) | |||
Retained earnings (accumulated deficit) | 350,715 | 205,118 | 131,778 | (120,981) | (86,229) | (90,061) | |||
Equity, attributable to noncontrolling interest | 632 | ||||||||
Other undisclosed equity | 413,080 | 410,765 | |||||||
Total equity: | 2,130,825 | 1,970,434 | 1,163,265 | 897,935 | 926,165 | 937,485 | |||
TOTAL LIABILITIES AND EQUITY: | 6,431,005 | 6,658,314 | 4,859,386 | 3,561,353 | 2,130,061 | 2,129,548 |
Income Statement (P&L) ($ in thousands)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 2,453,215 | 2,283,532 | 1,857,478 | 1,423,836 | 1,208,425 | 864,834 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 864,834 | |
Cost of revenue | (1,293,938) | (1,237,330) | ||||||
Cost of goods and services sold | (1,233,769) | (1,106,226) | ||||||
Gross profit: | 1,159,277 | 1,046,202 | 1,857,478 | 1,423,836 | 1,208,425 | 864,834 | ||
Operating expenses | (730,933) | (645,457) | (1,446,835) | (1,271,313) | (1,014,479) | (774,662) | ||
Other undisclosed operating loss | (107,155) | (86,986) | (63,987) | (92,075) | ||||
Operating income (loss): | 428,344 | 400,745 | 303,488 | 65,537 | 129,959 | (1,903) | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (1,953) | (15,469) | 2,914 | 1,137 | 152 | 10,636 | ||
Interest and debt expense | (152,541) | (180,511) | (92,994) | (80,596) | (36,184) | (26,697) | ||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (4,388) | (6,953) | (19,752) | (14,112) | ||||
Income (loss) from continuing operations before equity method investments, income taxes: | 273,850 | 204,765 | 209,020 | (20,875) | 74,175 | (32,076) | ||
Other undisclosed income (loss) from continuing operations before income taxes | 2,613 | (17,677) | ||||||
Income (loss) from continuing operations before income taxes: | 276,463 | 187,088 | 209,020 | (20,875) | 74,175 | (32,076) | ||
Income tax expense (benefit) | (80,561) | (71,189) | (55,456) | 2,497 | (18,098) | 20,054 | ||
Income (loss) from continuing operations: | 195,902 | 115,899 | 153,564 | (18,378) | 56,077 | (12,022) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 122,712 | 269,333 | (18,378) | 56,077 | (12,022) | |
Income from discontinued operations | 6,813 | 115,769 | ||||||
Other undisclosed net loss | (36,328) | |||||||
Net income (loss): | 195,902 | 122,712 | 269,333 | (18,378) | 19,749 | (12,022) | ||
Net income attributable to noncontrolling interest | 632 | 1,511 | ||||||
Net income (loss) attributable to parent: | 195,902 | 122,712 | 269,333 | (18,378) | 20,381 | (10,511) | ||
Preferred stock dividends and other adjustments | (50,305) | (49,372) | ||||||
Other undisclosed net loss available to common stockholders, basic | (2,595) | |||||||
Net income (loss) available to common stockholders, basic: | 145,597 | 73,340 | 269,333 | (18,378) | 20,381 | (13,106) | ||
Other undisclosed net income (loss) available to common stockholders, diluted | (119,480) | 35,420 | ||||||
Net income (loss) available to common stockholders, diluted: | 145,597 | 73,340 | 149,853 | (18,378) | 55,801 | (13,106) |
Comprehensive Income ($ in thousands)
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income (loss): | 195,902 | 122,712 | 269,333 | (18,378) | 19,749 | (12,022) | ||
Other comprehensive income (loss) | (3,562) | 26,210 | (1,130) | (3,592) | 7,525 | 9,795 | ||
Other undisclosed comprehensive loss | (2,595) | |||||||
Comprehensive income (loss): | 192,340 | 148,922 | 268,203 | (21,970) | 27,274 | (4,822) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 632 | 1,511 | ||||||
Comprehensive income (loss), net of tax, attributable to parent: | 192,340 | 148,922 | 268,203 | (21,970) | 27,906 | (3,311) |
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.