Tribune Publishing Company (TPCO) financial statements (2022 and earlier)

Company profile

Business Address 160 N. STETSON AVENUE
CHICAGO, IL 60601
State of Incorp. DE
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 619819019841
Cash and cash equivalents 619819019841
Receivables 113145181196241
Inventory, net of allowances, customer advances and progress billings 510111114
Inventory 510111114
Prepaid expense 1518221313
Other current assets   364
Total current assets: 194271407424312
Noncurrent Assets
Operating lease, right-of-use asset 99
Property, plant and equipment 34914510768145
Long-term investments and receivables     4
Long-term investments     4
Intangible assets, net (including goodwill), including: 187236290309258
Goodwill 118132122122124
Intangible assets, net (excluding goodwill) 6977125132134
Other undisclosed intangible assets, net (including goodwill)  274355 
Restricted cash and investments     17
Deferred income tax assets 7
Other noncurrent assets 1328322416
Deferred tax assets, net   82
Other undisclosed noncurrent assets (167)463064 
Total noncurrent assets: 489456458465521
TOTAL ASSETS: 682727865889833
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 83132142142179
Accounts payable 4671787081
Employee-related liabilities 3661647298
Deferred revenue 43
Debt 00222222
Disposal group, including discontinued operation  6   
Deferred revenue and credits768382
Contract with customer, liability51
Other liabilities 2421211831
Other undisclosed current liabilities 25    
Total current liabilities: 175211261265313
Noncurrent Liabilities
Long-term debt and lease obligation, including: 77332349368
Long-term debt, excluding current maturities  7332349368
Operating lease, liability 99
Other undisclosed long-term debt and lease obligation (92)    
Liabilities, other than long-term debt 5396203167166
Deferred revenue and credits557
Accounts payable and accrued liabilities 2431   
Deferred revenue 3
Contract with customer, liability3
Deferred rent credit  25
Liability, pension and other postretirement and postemployment benefits 2020114102109
Other liabilities 617846050
Other undisclosed noncurrent liabilities 99    
Total noncurrent liabilities: 159103535516534
Total liabilities: 334314796781847
Temporary equity, carrying amount 6440   
Stockholders' equity
Stockholders' equity attributable to parent, including: 28537369108(14)
Common stock 00000
Additional paid in capital 17816715014019
Accumulated other comprehensive income (loss) (2)0(14)(9)(4)
Retained earnings (accumulated deficit) 135232(16)(22)(29)
Other undisclosed stockholders' equity attributable to parent (26)(26)(52)(1)(1)
Total stockholders' equity: 28537369108(14)
TOTAL LIABILITIES AND EQUITY: 682727865889833

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 9831,0311,5241,606 
Cost of revenue (445)(473)(151)(161) 
Cost of goods and services sold (57)(66)(94)(104) 
Gross profit: 5395571,3731,445 
Operating expenses (531)(603)(1,306)(1,392)(118)
Operating income (loss): 7(46)6753(118)
Nonoperating income
(Other Nonoperating income)
 015   
Interest and debt expense (0)(8)   
Income (loss) from continuing operations before equity method investments, income taxes: 7(39)6753(118)
Income (loss) from equity method investments (3)(2)3(1)(1)
Other undisclosed income (loss) from continuing operations before income taxes 1(11)(33)(27) 
Income (loss) from continuing operations before income taxes: 5(53)3725(120)
Income tax expense (benefit) (2)13(32)(19) 
Income (loss) from continuing operations: 3(40)67(120)
Income (loss) from discontinued operations (3)290   
Net income (loss): (0)25067(120)
Net loss attributable to noncontrolling interest (5)(1)   
Net income (loss) available to common stockholders, diluted: (5)24967(120)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (0)25067(120)
Other comprehensive income (loss) (1)3(2)(3) 
Other undisclosed comprehensive income (loss) (2)11   
Comprehensive income (loss): (3)26344(120)
Comprehensive loss, net of tax, attributable to noncontrolling interest (5)(1)   
Other undisclosed comprehensive loss, net of tax, attributable to parent   (3)(2) 
Comprehensive income (loss), net of tax, attributable to parent: (7)26212(120)

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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