Urban One, Inc. (UONE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1010 WAYNE AVENUE
SILVER SPRING, MD 20910
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments230,73171,45575,40485,573123,030146,393
Cash and cash equivalents230,73171,45575,40485,573123,030146,393
Restricted cash and investments47747619,97519,97419,97319,973
Receivables132,195135,411155,861140,954134,468121,047
Prepaid expense6,82810,2058,7295,0134,0303,478
Asset, held-for-sale, not part of disposal group 9,9079,907    
Other current assets8,3918,5638,3728,9398,0378,397
Other undisclosed current assets29,18022,72221,40626,63521,52326,855
Total current assets:417,709258,739289,747287,088311,061326,143
Noncurrent Assets
Operating lease, right-of-use asset26,79228,34131,87934,25834,14936,302
Property, plant and equipment28,17827,90427,75827,52926,91326,243
Long-term investments and receivables13,125149,951136,826   
Long-term investments13,125149,951136,826   
Intangible assets, net (including goodwill)710,306733,916815,404777,422769,925792,277
Goodwill216,599216,599216,599219,514219,077223,402
Intangible assets, net (excluding goodwill)493,707517,317598,805557,908550,848568,875
Disposal group, including discontinued operation, noncurrent assets  2,400  3,200 
Other noncurrent assets5,2785,5755,68844,30344,46344,026
Other undisclosed noncurrent assets78,45977,64531,18580,09665,05359,644
Total noncurrent assets:862,1381,025,7321,048,740963,608943,703958,492
TOTAL ASSETS:1,279,8471,284,4711,338,4871,250,6961,254,7641,284,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47,84133,43858,53550,27446,73929,098
Interest and dividends payable9,58924,64810,266
Employee-related liabilities8,3897,2726,835
Accounts payable16,49714,31618,00314,31814,81911,997
Accrued liabilities31,34419,12240,53217,978  
Disposal group, including discontinued operation 2,3562,407    
Due to related parties1,1001,4001,5001,400621298
Other liabilities32,55243,04436,32040,21731,34535,660
Other undisclosed current liabilities32,85532,30733,90820,74330,94034,681
Total current liabilities:116,704112,596130,263112,634109,64599,737
Noncurrent Liabilities
Long-term debt and lease obligation715,204714,780739,000790,176814,281848,325
Long-term debt, excluding current maturities715,204714,780739,000763,200787,381819,049
Liabilities, other than long-term debt86,08891,51199,78949,34348,62544,302
Deferred income tax liabilities37,15538,21139,70413,98411,0708,059
Other liabilities28,40731,20834,54035,35937,55536,243
Operating lease, liability20,52622,09225,54526,97626,90029,276
Other undisclosed noncurrent liabilities6,0328,89110,36512,5273,9623,952
Total noncurrent liabilities:807,324815,182849,154852,046866,868896,579
Total liabilities:924,028927,778979,417964,680976,513996,316
Temporary equity, carrying amount24,28825,11625,29819,96418,69017,755
Equity
Equity, attributable to parent, including:331,531331,577333,772266,052259,561270,564
Additional paid in capital999,459996,644993,484996,954994,6781,020,711
Accumulated other comprehensive income  73,22773,227   
Accumulated deficit(667,977)(738,343)(732,988)(730,951)(735,164)(750,198)
Other undisclosed equity, attributable to parent494949494751
Total equity:331,531331,577333,772266,052259,561270,564
TOTAL LIABILITIES AND EQUITY:1,279,8471,284,4711,338,4871,250,6961,254,7641,284,635

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues129,652109,869132,042121,403118,810112,349
Gross profit:129,652109,869132,042121,403118,810112,349
Operating expenses(119,997)(101,749)(116,702)(102,429)(94,975)(75,811)
Operating income (loss):9,6558,12015,34018,97423,83536,538
Nonoperating income98,671212,8162,4369,7252,045
Investment income, nonoperating1,898333465415 59
Other nonoperating income (expense)96,773(312)2,3512,0219,7251,986
Interest and debt expense(13,972)(11,712)(11,602)(13,473)(14,031)(15,927)
Income (loss) from continuing operations before income taxes:94,354(3,571)6,5547,93719,52922,656
Income tax expense (benefit)(23,197)1,160(4,046)(3,364)(3,725)(5,586)
Income (loss) from continuing operations:71,157(2,411)2,5084,57315,80417,070
Income before gain (loss) on sale of properties:4,57315,80417,070
Other undisclosed net loss      
Net income (loss):71,157(2,411)2,5084,57315,80417,070
Net loss attributable to noncontrolling interest(791)(511)(795)(360)(770)(701)
Net income (loss) available to common stockholders, diluted:70,366(2,922)1,7134,21315,03416,369

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):71,157(2,411)2,5084,57315,80417,070
Other undisclosed comprehensive income (loss) (73,227) 18,277   
Comprehensive income (loss):(2,070)(2,411)20,7854,57315,80417,070
Comprehensive loss, net of tax, attributable to noncontrolling interest(791)(511)(795)(360)(770)(701)
Comprehensive income (loss), net of tax, attributable to parent:(2,861)(2,922)19,9904,21315,03416,369

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.

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