Tribune Publishing Company (TPCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 160 N. STETSON AVENUE
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 89,99280,51548,79160,96356,526
Cash and cash equivalents 89,99280,51548,79160,96356,526
Receivables 75,90577,77194,265112,754103,713
Inventory, net of allowances, customer advances and progress billings 3,0563,7244,7964,8205,682
Inventory 3,0563,7244,7964,8205,682
Prepaid expense     15,114 
Disposal group, including discontinued operation      
Other undisclosed current assets 24,71223,42423,909 21,535
Total current assets: 193,665185,434171,761193,651187,456
Noncurrent Assets
Operating lease, right-of-use asset 56,50271,92076,89599,480102,071
Property, plant and equipment 83,63288,134184,170349,170126,952
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill), including: 172,114173,829175,544186,840226,198
Goodwill 115,197115,197115,197117,675132,172
Intangible assets, net (excluding goodwill) 56,91758,63260,34769,16570,960
Other undisclosed intangible assets, net (including goodwill)      23,066
Restricted cash and investments 31,37133,44937,290 37,290
Deferred income tax assets 8,71511,56913,6156,9117,105
Other noncurrent assets 15,42913,17213,22413,45714,604
Other undisclosed noncurrent assets 20,09922,053(68,769)(167,231) 
Total noncurrent assets: 387,862414,126431,969488,627514,220
TOTAL ASSETS: 581,527599,560603,730682,278701,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 57,43368,37868,69582,78773,916
Employee-related liabilities 24,90332,34331,15136,30532,954
Accounts payable 32,53036,03537,54446,48240,962
Deferred revenue 37,46640,39741,17842,77344,438
Debt  6,9746,99532,45710525,220
Disposal group, including discontinued operation      
Other liabilities 22,34823,12322,44424,31741,293
Other undisclosed current liabilities 26,32728,559 25,380 
Total current liabilities: 150,548167,452164,774175,362184,867
Noncurrent Liabilities
Long-term debt and lease obligation, including: 74,03787,30392,8036,857109,207
Long-term debt, excluding current maturities  575655 6,777
Other undisclosed long-term debt and lease obligation     (91,990) 
Liabilities, other than long-term debt 58,83053,51455,30152,88552,175
Accounts payable and accrued liabilities 24,24322,86223,88124,19226,895
Deferred revenue 2,0512,3322,3872,504 
Liability, pension and other postretirement and postemployment benefits 16,69017,07219,45720,33817,419
Other liabilities 15,84611,2489,5765,8517,861
Operating lease, liability 73,98087,24792,74898,847102,430
Other undisclosed noncurrent liabilities     98,847 
Total noncurrent liabilities: 132,867140,817148,104158,589161,382
Total liabilities: 283,415308,269312,878333,951346,249
Temporary equity, carrying amount     63,50154,246
Equity
Equity, attributable to parent, including: 264,933257,736257,059284,826301,181
Common stock 385384383380379
Additional paid in capital 180,819180,323179,013177,957176,227
Accumulated other comprehensive loss (2,437)(2,403)(2,375)(2,352)(167)
Retained earnings 86,16679,43280,038135,001150,902
Other undisclosed equity, attributable to parent     (26,160)(26,160)
Equity, attributable to noncontrolling interest  59,33959,71559,953  
Other undisclosed equity (26,160)(26,160)(26,160)  
Total equity: 298,112291,291290,852284,826301,181
TOTAL LIABILITIES AND EQUITY: 581,527599,560603,730682,278701,676

Income Statement (P&L) ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Other undisclosed loss before gain (loss) on sale of properties(3,337) 
Revenues(588,253)188,668183,100216,485252,270236,027
Cost of revenue (81,513)(86,280)(102,373)(96,953)(105,962)
Gross profit: 107,15596,820114,112155,317130,065
Operating expenses (99,742)(97,495)(176,157)(158,238)(120,690)
Operating income (loss): 7,413(675)(62,045)(2,921)9,375
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 401449387(220)248
Interest and debt expense  (29)(29) (36)(26)
Income (loss) from continuing operations before equity method investments, income taxes: 7,785(255)(61,658)(3,177)9,597
Income (loss) from equity method investments   (117) 267(2,213)
Other undisclosed income (loss) from continuing operations before income taxes (147)(156)(30)57(31)
Income (loss) from continuing operations before income taxes: 7,638(528)(61,688)(2,853)7,353
Income tax expense (benefit) 8532,08417,682(1,557)(480)
Income (loss) from continuing operations: 8,4911,556(44,006)(4,410)6,873
Income (loss) before gain (loss) on sale of properties:8,4911,556(44,006)(7,747)6,873
Income from discontinued operations      
Other undisclosed net income (loss)     13,570(12,848)
Net income (loss): 8,4911,556(44,006)5,823(5,975)
Net loss attributable to noncontrolling interest    (1,330)(1,788) 
Other undisclosed net income (loss) attributable to parent (1,824)(2,162)  (1,150)
Net income (loss) available to common stockholders, diluted: 6,667(606)(45,336)4,035(7,125)

Comprehensive Income ($ in thousands)

3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss): 8,4911,556(44,006)5,823(5,975)
Other comprehensive income (loss) 889(801)(22)
Other undisclosed comprehensive loss  (42)(36)(32)(1,384)(42)
Comprehensive income (loss): 8,4571,528(44,029)3,638(6,039)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (1,824)(2,162)(1,330)(1,788)(1,150)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent: 6,633(634)(45,359)1,850(7,189)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: