Townsquare Media, Inc. (TSQ) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5183 616552
Cash and cash equivalents5183 616552
Receivables5859 626260
Disposal group, including discontinued operation   00 
Assets held-for-sale, not part of disposal group    1 
Other undisclosed current assets1212 91011
Total current assets:120154 133138123
Noncurrent Assets
Operating lease, right-of-use asset4348 
Property, plant and equipment107112 114147140
Long-term investments and receivables1812 1084
Long-term investments1812 1084
Intangible assets, net (including goodwill)436439 723751807
Goodwill158158 241243293
Intangible assets, net (excluding goodwill)278281 483508514
Restricted cash and investments00    
Disposal group, including discontinued operation, noncurrent assets    0 
Other noncurrent assets13 7117
Total noncurrent assets:606614 854918958
TOTAL ASSETS:726769 9871,0561,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3628 434138
Accounts payable69 131511
Accrued liabilities   788
Employee-related liabilities1412 151212
Taxes payable   322
Interest and dividends payable166 565
Deferred revenue109 
Debt 0 0107
Disposal group, including discontinued operation 0 01 
Program rights obligations   200
Deferred revenue and credits1817
Contract with customer, liability15
Other undisclosed current liabilities3029 643
Total current liabilities:7666 667365
Noncurrent Liabilities
Long-term debt and lease obligation, including:580543 555556564
Long-term debt, excluding current maturities542543    
Finance lease, liability 0 
Operating lease, liability3945 
Other undisclosed long-term debt and lease obligation (45) 555556564
Liabilities, other than long-term debt, including:2114 9910
Deferred tax liabilities, net 3751
Deferred income tax liabilities2010 
Other liabilities03    
Other undisclosed liabilities, other than long-term debt   9(28)(41)
Other undisclosed noncurrent liabilities 45 163751
Total noncurrent liabilities:601602 580602626
Total liabilities:677668 646675691
Stockholders' equity
Stockholders' equity attributable to parent4697 340380389
Common stock00 000
Additional paid in capital303370 366367365
Accumulated other comprehensive loss    (1)(1)
Retained earnings (accumulated deficit)(257)(273) (26)1324
Stockholders' equity attributable to noncontrolling interest33 111
Total stockholders' equity:50101 342381390
TOTAL LIABILITIES AND EQUITY:726769 9871,0561,081

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues418371 431507517
Revenue, net507517
Cost of revenue(306)(297) (317)(400)(400)
Gross profit:11274 114107117
Operating expenses(37)(149) (73)(96)(39)
Operating income (loss):74(75) 401177
Nonoperating income (expense)11 (0)(0)(4)
Investment income, nonoperating     (4)
Other nonoperating income (expense)11 (0)(0)1
Interest and debt expense(46)(30) (34)(33)(34)
Income (loss) from continuing operations before equity method investments, income taxes:29(104) 6(22)40
Other undisclosed loss from continuing operations before income taxes   (5)  
Income (loss) from continuing operations before income taxes:29(104) 1(22)40
Income tax expense (benefit)(10)24 (2)13(17)
Income (loss) from continuing operations:19(81) (0)(9)23
Loss from discontinued operations   (31)(1) 
Net income (loss):19(81) (32)(10)23
Net loss attributable to noncontrolling interest(2)(2) (1)(1)(0)
Net income (loss) available to common stockholders, diluted:17(82) (33)(11)23

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):19(81) (32)(10)23
Other undisclosed comprehensive income (loss)   (0)0(1)
Comprehensive income (loss):19(81) (32)(10)23
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2) (1)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:17(82) (33)(11)22

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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