Central European Media Enterprises Ltd. (CETV) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
C/O CME MEDIA SERVICES LIMITED PRAGUE 5, 152 00 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (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 | 62 | 55 | 43 | 62 | 34 | |||
| Cash and cash equivalents | 62 | 55 | 43 | 62 | 34 | |||
| Receivables | 193 | 159 | 178 | 167 | 176 | |||
| Prepaid expense | 6 | |||||||
| Disposal group, including discontinued operation | 148 | |||||||
| Other current assets | 41 | 33 | 32 | 43 | 35 | |||
| Other undisclosed current assets | 78 | 70 | 86 | 86 | 123 | |||
| Total current assets: | 374 | 465 | 340 | 358 | 375 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 118 | 104 | 109 | 109 | 114 | |||
| Intangible assets, net (including goodwill) | 812 | 861 | 740 | 773 | 865 | |||
| Goodwill | 676 | 712 | 602 | 622 | 681 | |||
| Intangible assets, net (excluding goodwill) | 136 | 148 | 138 | 151 | 183 | |||
| Regulated entity, other noncurrent assets | 7 | |||||||
| Deferred costs | 55 | |||||||
| Other noncurrent assets | 12 | 17 | 21 | 45 | 58 | |||
| Other undisclosed noncurrent assets | 172 | 182 | 172 | 169 | 152 | |||
| Total noncurrent assets: | 1,114 | 1,163 | 1,050 | 1,096 | 1,244 | |||
| TOTAL ASSETS: | 1,488 | 1,628 | 1,391 | 1,454 | 1,619 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 120 | 144 | 161 | 135 | 179 | |||
| Accounts payable | 49 | 53 | 60 | 55 | 56 | |||
| Accrued liabilities | 2 | 2 | 1 | 3 | 4 | |||
| Employee-related liabilities | 17 | 18 | 21 | 21 | 21 | |||
| Taxes payable | 9 | 9 | 13 | 13 | 23 | |||
| Interest and dividends payable | 2 | 3 | 3 | 1 | 2 | |||
| Other undisclosed accounts payable and accrued liabilities | 41 | 57 | 64 | 43 | 73 | |||
| Debt | 6 | 3 | 1 | 1 | 1 | |||
| Due to related parties | 0 | |||||||
| Disposal group, including discontinued operation | 32 | |||||||
| Deferred revenue and credits | ✕ | ✕ | 5 | |||||
| Deferred tax liabilities | ✕ | 0 | ||||||
| Other liabilities | 14 | 9 | 9 | 10 | 8 | |||
| Other undisclosed current liabilities | 257 | |||||||
| Total current liabilities: | 140 | 188 | 172 | 146 | 451 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 783 | 1,086 | 1,002 | 922 | 621 | |||
| Other undisclosed long-term debt and lease obligation | 783 | 1,086 | 1,002 | 922 | 621 | |||
| Liabilities, other than long-term debt | 67 | 95 | 69 | 66 | 74 | |||
| Deferred tax liabilities, net | ✕ | 27 | ||||||
| Other liabilities | 67 | 95 | 69 | 66 | 46 | |||
| Other undisclosed noncurrent liabilities | (27) | |||||||
| Total noncurrent liabilities: | 850 | 1,181 | 1,071 | 988 | 668 | |||
| Total liabilities: | 990 | 1,369 | 1,242 | 1,134 | 1,118 | |||
| Temporary equity, carrying amount | 269 | 265 | 255 | 241 | 224 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 229 | (6) | (108) | 77 | 280 | |||
| Additional paid in capital | 2,004 | 1,906 | 1,910 | 1,914 | 1,929 | |||
| 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 | 20 | 12 | 11 | 11 | 11 | |||
| Stockholders' equity attributable to noncontrolling interest | 0 | 0 | 1 | 1 | (3) | |||
| Total stockholders' equity: | 229 | (6) | (107) | 79 | 277 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,488 | 1,628 | 1,391 | 1,454 | 1,619 | |||
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 | 704 | 574 | 638 | 606 | 1,281 | ||
| Revenue, net | ✕ | ✕ | 574 | 638 | 606 | 1,281 | |
| Cost of revenue | (408) | (340) | (414) | (403) | (489) | ||
| Cost of goods and services sold | (50) | (69) | (70) | (85) | |||
| Gross profit: | 296 | 235 | 224 | 203 | 792 | ||
| Operating expenses | (118) | (105) | (113) | (109) | (170) | ||
| Other undisclosed operating loss | (584) | ||||||
| Operating income: | 178 | 130 | 112 | 95 | 38 | ||
| Nonoperating income (expense) | (3) | 16 | (2) | (26) | (10) | ||
| Investment income, nonoperating | (1) | (1) | (10) | 5 | 3 | ||
| Foreign currency transaction gain (loss), before tax | (3) | 17 | 7 | (13) | (13) | ||
| Other nonoperating income (expense) | 1 | 0 | 0 | (18) | 0 | ||
| Interest and debt expense | (50) | (71) | (282) | (171) | (181) | ||
| Income (loss) from continuing operations before income taxes: | 125 | 76 | (173) | (103) | (153) | ||
| Income tax expense (benefit) | (28) | (21) | (7) | 1 | 1 | ||
| Income (loss) from continuing operations: | 97 | 54 | (181) | (102) | (151) | ||
| Income (loss) from discontinued operations | 61 | (5) | (13) | (80) | |||
| Net income (loss): | 158 | 49 | (181) | (116) | (232) | ||
| Net income attributable to noncontrolling interest | 0 | 0 | 0 | 1 | 4 | ||
| Net income (loss) attributable to parent: | 158 | 50 | (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: | 103 | 22 | (194) | (132) | (243) | ||
| Other undisclosed net income available to common stockholders, diluted | 4 | 6 | |||||
| Net income (loss) available to common stockholders, diluted: | 107 | 28 | (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): | 158 | 49 | (181) | (116) | (232) | ||
| Other comprehensive income (loss) | (29) | 57 | (1) | (91) | (157) | ||
| Other undisclosed comprehensive income (loss) | 0 | (1) | |||||
| Comprehensive income (loss): | 129 | 105 | (182) | (206) | (389) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 1 | 0 | (1) | 4 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 128 | 106 | (182) | (207) | (385) | ||
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.