Central European Media Enterprises Ltd. (CETV) financial statements (2020 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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments376255436234105
Cash and cash equivalents376255436234105
Receivables189193159178167176185
Inventory, net of allowances, customer advances and progress billings      6
Inventory      6
Prepaid expense     6 
Deferred costs      4
Disposal group, including discontinued operation  148    
Prepaid expense and other current assets✕✕✕✕✕✕59
Income taxes receivable✕✕✕✕✕✕3
Other current assets494133324335 
Other undisclosed current assets767870868612389
Total current assets:350374465340358375451
Noncurrent Assets
Operating lease, right-of-use asset12✕✕✕✕✕✕
Property, plant and equipment114118104109109114199
Intangible assets, net (including goodwill)7968128617407738651,009
Goodwill668676712602622681783
Intangible assets, net (excluding goodwill)128136148138151183226
Regulated entity, other noncurrent assets   7   
Deferred costs     559
Other noncurrent assets221217214558 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕14
Other undisclosed noncurrent assets155172182172169152280
Total noncurrent assets:1,0981,1141,1631,0501,0961,2441,511
TOTAL ASSETS:1,4481,4881,6281,3911,4541,6191,962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:136120144161135179296
Accounts payable56495360555658
Accrued liabilities422134 
Employee-related liabilities24171821212121
Taxes payable99913132313
Interest and dividends payable223312 
Other undisclosed accounts payable and accrued liabilities404157644373204
Debt7631112
Due to related parties     0 
Disposal group, including discontinued operation  32    
Deferred revenue and credits✕✕   511
Deferred tax liabilities✕    01
Other liabilities14149910817
Other undisclosed current liabilities     257(12)
Total current liabilities:156140188172146451316
Noncurrent Liabilities
Long-term debt and lease obligation, including:6007831,0861,002922621963
Finance lease, liability9✕✕✕✕✕✕
Operating lease, liability8✕✕✕✕✕✕
Other undisclosed long-term debt and lease obligation5827831,0861,002922621963
Liabilities, other than long-term debt80679569667465
Deferred tax liabilities, net✕    2731
Other liabilities80679569664634
Other undisclosed noncurrent liabilities     (27)(31)
Total noncurrent liabilities:6808501,1811,071988668997
Total liabilities:8369901,3691,2421,1341,1181,313
Temporary equity, carrying amount269269265255241224208
Stockholders' equity
Stockholders' equity attributable to parent, including:342229(6)(108)77280440
Additional paid in capital2,0072,0041,9061,9101,9141,9291,704
Accumulated other comprehensive loss(227)(217)(187)(244)(242)(170)(12)
Accumulated deficit(1,459)(1,578)(1,736)(1,786)(1,605)(1,490)(1,263)
Other undisclosed stockholders' equity attributable to parent20201211111111
Stockholders' equity attributable to noncontrolling interest10011(3)1
Total stockholders' equity:342229(6)(107)79277441
TOTAL LIABILITIES AND EQUITY:1,4481,4881,6281,3911,4541,6191,962

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6957045746386061,2811,323
Revenue, net✕✕5746386061,2811,323
Cost of revenue(382)(408)(340)(414)(403)(489)(626)
Cost of goods and services sold  (50)(69)(70)(85)(141)
Gross profit:313296235224203792697
Operating expenses(126)(118)(105)(113)(109)(170)(273)
Other undisclosed operating loss     (584)(608)
Operating income (loss):1871781301129538(183)
Nonoperating income (expense)(2)(3)16(2)(26)(10)20
Investment income, nonoperating0(1)(1)(10)531
Foreign currency transaction gain (loss), before tax(2)(3)177(13)(13)20
Other nonoperating income (expense)0100(18)0(1)
Interest and debt expense(31)(50)(71)(282)(171)(181)(135)
Other undisclosed income from continuing operations before equity method investments, income taxes0      
Income (loss) from continuing operations before income taxes:15412576(173)(103)(153)(299)
Income tax expense (benefit)(35)(28)(21)(7)1117
Income (loss) from continuing operations:1199754(181)(102)(151)(282)
Income (loss) from discontinued operations 61(5) (13)(80) 
Net income (loss):11915849(181)(116)(232)(282)
Net income (loss) attributable to noncontrolling interest(0)000144
Net income (loss) attributable to parent:11915850(180)(115)(227)(278)
Preferred stock dividends and other adjustments (5)(10)(14)(17)(16)(8)
Undistributed earnings (loss) allocated to participating securities, basic(35)(30) ✕✕✕✕
Other undisclosed net loss available to common stockholders, basic (20)(18)    
Net income (loss) available to common stockholders, basic:8410322(194)(132)(243)(286)
Other undisclosed net income available to common stockholders, diluted046   8
Net income (loss) available to common stockholders, diluted:8410728(194)(132)(243)(278)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):11915849(181)(116)(232)(282)
Other comprehensive income (loss) (29)57(1)(91)(157) 
Other undisclosed comprehensive income (loss)(10)0(1)   (58)
Comprehensive income (loss):109129105(182)(206)(389)(340)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)10(1)4(4)
Other undisclosed comprehensive income, net of tax, attributable to parent      8
Comprehensive income (loss), net of tax, attributable to parent:109128106(182)(207)(385)(336)

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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