Central European Media Enterprises Ltd. (CETV) financial statements (2021 and earlier)

Company profile

Business Address C/O CME MEDIA SERVICES LIMITED
PRAGUE 5, 152 00
State of Incorp.
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
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 6255436234
Cash and cash equivalents 6255436234
Receivables 193159178167176
Prepaid expense     6
Disposal group, including discontinued operation  148   
Other current assets 4133324335
Other undisclosed current assets 78708686123
Total current assets: 374465340358375
Noncurrent Assets
Property, plant and equipment 118104109109114
Intangible assets, net (including goodwill) 812861740773865
Goodwill 676712602622681
Intangible assets, net (excluding goodwill) 136148138151183
Regulated entity, other noncurrent assets   7  
Deferred costs     55
Other noncurrent assets 1217214558
Other undisclosed noncurrent assets 172182172169152
Total noncurrent assets: 1,1141,1631,0501,0961,244
TOTAL ASSETS: 1,4881,6281,3911,4541,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 120144161135179
Accounts payable 4953605556
Accrued liabilities 22134
Employee-related liabilities 1718212121
Taxes payable 99131323
Interest and dividends payable 23312
Other undisclosed accounts payable and accrued liabilities 4157644373
Debt 63111
Due to related parties     0
Disposal group, including discontinued operation  32   
Deferred revenue and credits   5
Deferred tax liabilities    0
Other liabilities 1499108
Other undisclosed current liabilities     257
Total current liabilities: 140188172146451
Noncurrent Liabilities
Long-term debt and lease obligation, including: 7831,0861,002922621
Other undisclosed long-term debt and lease obligation 7831,0861,002922621
Liabilities, other than long-term debt 6795696674
Deferred tax liabilities, net    27
Other liabilities 6795696646
Other undisclosed noncurrent liabilities     (27)
Total noncurrent liabilities: 8501,1811,071988668
Total liabilities: 9901,3691,2421,1341,118
Temporary equity, carrying amount 269265255241224
Stockholders' equity
Stockholders' equity attributable to parent, including: 229(6)(108)77280
Additional paid in capital 2,0041,9061,9101,9141,929
Accumulated other comprehensive loss (217)(187)(244)(242)(170)
Accumulated deficit (1,578)(1,736)(1,786)(1,605)(1,490)
Other undisclosed stockholders' equity attributable to parent 2012111111
Stockholders' equity attributable to noncontrolling interest 0011(3)
Total stockholders' equity: 229(6)(107)79277
TOTAL LIABILITIES AND EQUITY: 1,4881,6281,3911,4541,619

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 7045746386061,281
Revenue, net5746386061,281
Cost of revenue (408)(340)(414)(403)(489)
Cost of goods and services sold  (50)(69)(70)(85)
Gross profit: 296235224203792
Operating expenses (118)(105)(113)(109)(170)
Other undisclosed operating loss     (584)
Operating income: 1781301129538
Nonoperating income (expense) (3)16(2)(26)(10)
Investment income, nonoperating (1)(1)(10)53
Foreign currency transaction gain (loss), before tax (3)177(13)(13)
Other nonoperating income (expense) 100(18)0
Interest and debt expense (50)(71)(282)(171)(181)
Income (loss) from continuing operations before income taxes: 12576(173)(103)(153)
Income tax expense (benefit) (28)(21)(7)11
Income (loss) from continuing operations: 9754(181)(102)(151)
Income (loss) from discontinued operations 61(5) (13)(80)
Net income (loss): 15849(181)(116)(232)
Net income attributable to noncontrolling interest 00014
Net income (loss) attributable to parent: 15850(180)(115)(227)
Preferred stock dividends and other adjustments (5)(10)(14)(17)(16)
Undistributed earnings (loss) allocated to participating securities, basic (30) 
Other undisclosed net loss available to common stockholders, basic (20)(18)   
Net income (loss) available to common stockholders, basic: 10322(194)(132)(243)
Other undisclosed net income available to common stockholders, diluted 46   
Net income (loss) available to common stockholders, diluted: 10728(194)(132)(243)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 15849(181)(116)(232)
Other comprehensive income (loss) (29)57(1)(91)(157)
Other undisclosed comprehensive income (loss) 0(1)   
Comprehensive income (loss): 129105(182)(206)(389)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)10(1)4
Comprehensive income (loss), net of tax, attributable to parent: 128106(182)(207)(385)

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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