Townsquare Media, Inc. (TSQ) financial statements (2020 and earlier)
Company profile
| Business Address |
1 MANHATTANVILLE ROAD, SUITE 202 PURCHASE, NY 10577 |
| 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 millions)
| 9/30/2019 TTM | 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 | 61 | 65 | 52 | 33 | 24 | |||
| Cash and cash equivalents | 61 | 65 | 52 | 33 | 24 | |||
| Receivables | 62 | 62 | 60 | 60 | 61 | |||
| Disposal group, including discontinued operation | 0 | 0 | ||||||
| Assets held-for-sale, not part of disposal group | 1 | ✕ | ||||||
| Other undisclosed current assets | 9 | 10 | 11 | 10 | 8 | |||
| Total current assets: | 133 | 138 | 123 | 103 | 93 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 114 | 147 | 140 | 134 | 96 | |||
| Long-term investments and receivables | 10 | 8 | 4 | 5 | 0 | |||
| Long-term investments | 10 | 8 | 4 | 5 | 0 | |||
| Intangible assets, net (including goodwill) | 723 | 751 | 807 | 811 | 748 | |||
| Goodwill | 241 | 243 | 293 | 293 | 242 | |||
| Intangible assets, net (excluding goodwill) | 483 | 508 | 514 | 518 | 506 | |||
| Disposal group, including discontinued operation, noncurrent assets | 0 | |||||||
| Deferred costs | 10 | |||||||
| Other noncurrent assets | 7 | 11 | 7 | 8 | 0 | |||
| Total noncurrent assets: | 854 | 918 | 958 | 958 | 855 | |||
| TOTAL ASSETS: | 987 | 1,056 | 1,081 | 1,061 | 948 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 43 | 41 | 38 | 39 | 35 | |||
| Accounts payable | 13 | 15 | 11 | 10 | 7 | |||
| Accrued liabilities | 7 | 8 | 8 | 7 | 7 | |||
| Employee-related liabilities | 15 | 12 | 12 | 14 | 11 | |||
| Taxes payable | 3 | 2 | 2 | 3 | 1 | |||
| Interest and dividends payable | 5 | 6 | 5 | 5 | 9 | |||
| Debt | 0 | 10 | 7 | 0 | 1 | |||
| Disposal group, including discontinued operation | 0 | 1 | ||||||
| Program rights obligations | 2 | 0 | 0 | 1 | 0 | |||
| Deferred revenue and credits | ✕ | ✕ | 18 | 17 | 17 | 14 | ||
| Contract with customer, liability | ✕ | 15 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 6 | 4 | 3 | 4 | 2 | |||
| Total current liabilities: | 66 | 73 | 65 | 62 | 53 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 555 | 556 | 564 | 589 | 538 | |||
| Other undisclosed long-term debt and lease obligation | 555 | 556 | 564 | 589 | 538 | |||
| Liabilities, other than long-term debt, including: | 9 | 9 | 10 | 11 | 1 | |||
| Deferred tax liabilities, net | ✕ | 37 | 51 | 35 | ||||
| Other undisclosed liabilities, other than long-term debt | 9 | (28) | (41) | (24) | 1 | |||
| Other undisclosed noncurrent liabilities | 16 | 37 | 51 | 35 | 12 | |||
| Total noncurrent liabilities: | 580 | 602 | 626 | 635 | 551 | |||
| Total liabilities: | 646 | 675 | 691 | 697 | 604 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 340 | 380 | 389 | 363 | 344 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 366 | 367 | 365 | 361 | 352 | |||
| Accumulated other comprehensive income (loss) | (1) | (1) | 0 | |||||
| Retained earnings (accumulated deficit) | (26) | 13 | 24 | 1 | (8) | |||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 0 | |||
| Total stockholders' equity: | 342 | 381 | 390 | 363 | 344 | |||
| TOTAL LIABILITIES AND EQUITY: | 987 | 1,056 | 1,081 | 1,061 | 948 | |||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 431 | 507 | 517 | 441 | 374 | ||
| Revenue, net | ✕ | ✕ | 507 | 517 | 441 | 374 | |
| Cost of revenue | (317) | (400) | (400) | (331) | (302) | ||
| Gross profit: | 114 | 107 | 117 | 110 | 72 | ||
| Operating expenses | (73) | (96) | (39) | (25) | (32) | ||
| Operating income: | 40 | 11 | 77 | 85 | 41 | ||
| Nonoperating expense | (0) | (0) | (4) | (0) | (0) | ||
| Investment income, nonoperating | (4) | ||||||
| Other nonoperating income (expense) | (0) | (0) | 1 | (0) | (0) | ||
| Interest and debt expense | (34) | (33) | (34) | (66) | (47) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6 | (22) | 40 | 18 | (6) | ||
| Other undisclosed loss from continuing operations before income taxes | (5) | ||||||
| Income (loss) from continuing operations before income taxes: | 1 | (22) | 40 | 18 | (6) | ||
| Income tax expense (benefit) | (2) | 13 | (17) | (8) | (11) | ||
| Income (loss) from continuing operations: | (0) | (9) | 23 | 10 | (17) | ||
| Loss from discontinued operations | (31) | (1) | |||||
| Net income (loss): | (32) | (10) | 23 | 10 | (17) | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (1) | (0) | 0 | 0 | ||
| Other undisclosed net loss attributable to parent | (1) | (1) | |||||
| Net income (loss) available to common stockholders, diluted: | (33) | (11) | 23 | 10 | (17) | ||
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (32) | (10) | 23 | 10 | (17) | ||
| Other comprehensive loss | (0) | ||||||
| Other undisclosed comprehensive income (loss) | (0) | 0 | (1) | 0 | |||
| Comprehensive income (loss): | (32) | (10) | 23 | 10 | (17) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (1) | (0) | 0 | 0 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (33) | (11) | 22 | 11 | (17) | ||
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.