Emmis Communications Corporation (EMMS) financial statements (2022 and earlier)
Company profile
| Business Address |
ONE EMMIS PLAZA INDIANAPOLIS, IN 46204 |
| State of Incorp. | IN |
| Fiscal Year End | February 29 |
| SIC | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | 2/28/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 93,036 | 5,438 | 4,107 | 11,349 | 4,456 | 3,669 | 5,304 | ||
| Cash and cash equivalents | 93,036 | 5,438 | 4,107 | 11,349 | 4,456 | 3,669 | 5,304 | ||
| Restricted cash and investments | 1,692 | 2,504 | 2,008 | 2,323 | 1,464 | 2,740 | 2,239 | ||
| Receivables | 4,627 | 16,775 | 20,594 | 26,484 | 34,906 | 37,328 | 31,000 | ||
| Prepaid expense | 1,727 | 3,831 | 3,234 | 4,798 | 7,413 | 8,640 | |||
| Disposal group, including discontinued operation | 26,170 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,587 | ||
| Deferred tax assets | ✕ | 4,882 | |||||||
| Other current assets | 10,454 | 1,446 | 3,680 | 1,503 | 3,452 | 3,514 | |||
| Total current assets: | 111,536 | 29,994 | 59,793 | 46,457 | 51,691 | 55,891 | 54,012 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,416 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 15,214 | 23,477 | 34,794 | 32,231 | |||||
| Long-term investments and receivables | 337 | 526 | |||||||
| Long-term investments | 337 | 526 | |||||||
| Intangible assets, net (including goodwill), including: | 66,463 | 175,643 | 176,281 | 203,792 | 223,125 | 233,627 | 163,459 | ||
| Goodwill | 4,338 | 4,338 | 4,603 | 14,697 | 15,392 | 12,639 | |||
| Intangible assets, net (excluding goodwill) | 66,463 | 171,305 | 171,943 | 199,189 | 208,428 | 218,235 | 151,368 | ||
| Other undisclosed intangible assets, net (including goodwill) | (548) | ||||||||
| Deferred costs | 3,438 | 3,178 | |||||||
| Other noncurrent assets | 20,363 | 8,632 | 7,669 | 7,444 | 6,810 | 5,956 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,287 | ||
| Other undisclosed noncurrent assets | (175,481) | (202,992) | (222,325) | (267,921) | (188,509) | ||||
| Total noncurrent assets: | 110,456 | 207,752 | 8,469 | 8,244 | 7,947 | 10,420 | 15,646 | ||
| Other undisclosed assets | 202,882 | 234,637 | 256,968 | 268,421 | 195,690 | ||||
| TOTAL ASSETS: | 221,992 | 237,746 | 271,144 | 289,338 | 316,606 | 334,732 | 265,348 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,393 | 4,451 | 6,394 | 13,398 | 8,127 | 9,497 | 8,958 | ||
| Taxes payable | 3,796 | 11,218 | |||||||
| Other undisclosed accounts payable and accrued liabilities | (1,403) | (6,767) | 6,394 | 13,398 | 8,127 | 9,497 | 8,958 | ||
| Deferred revenue | 2,605 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 812 | 16,037 | 23,600 | 17,573 | 6,840 | 12,541 | |||
| Deferred compensation liability | 2,926 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 4,030 | 4,560 | 11,435 | 11,568 | 11,506 | ||
| Contract with customer, liability | ✕ | 4,055 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1,752 | 2,922 | 2,695 | 6,807 | 5,775 | 6,620 | 4,767 | ||
| Other undisclosed current liabilities | 12,852 | 45,938 | 3,541 | 6,238 | 8,375 | 8,241 | 8,552 | ||
| Total current liabilities: | 20,414 | 57,366 | 32,697 | 54,603 | 51,285 | 42,766 | 49,250 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 56,644 | 48,757 | 122,849 | 190,372 | 228,027 | 254,150 | 114,926 | ||
| Long-term debt, excluding current maturities | 47,474 | 48,757 | 122,849 | 190,372 | 228,027 | 254,150 | 114,926 | ||
| Operating lease, liability | 9,170 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,648 | 31,256 | 37,335 | 48,379 | 51,443 | 50,165 | 18,004 | ||
| Deferred tax liabilities, net | ✕ | 25,232 | 31,403 | 43,537 | 43,715 | 41,614 | 9,783 | ||
| Liability for uncertainty in income taxes | 1,600 | 200 | 200 | ||||||
| Other liabilities | 48 | 6,024 | 5,932 | 4,842 | 7,728 | 8,351 | 8,021 | ||
| Other undisclosed noncurrent liabilities | 23,379 | (200) | (200) | ||||||
| Total noncurrent liabilities: | 81,671 | 80,013 | 160,184 | 238,751 | 279,470 | 304,115 | 132,730 | ||
| Total liabilities: | 102,085 | 137,379 | 192,881 | 293,354 | 330,755 | 346,881 | 181,980 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 119,924 | 72,214 | 47,583 | (36,937) | (52,546) | (58,810) | 35,750 | ||
| Additional paid in capital | 597,895 | 595,984 | 594,708 | 592,320 | 589,483 | 585,358 | 580,776 | ||
| Accumulated other comprehensive loss | (99) | ||||||||
| Accumulated deficit | (478,104) | (523,900) | (547,252) | (629,381) | (642,500) | (644,614) | (545,355) | ||
| Other undisclosed stockholders' equity attributable to parent | 133 | 130 | 127 | 124 | 471 | 446 | 428 | ||
| Stockholders' equity attributable to noncontrolling interest | (17) | 28,153 | 30,680 | 32,921 | 38,397 | 46,661 | 47,618 | ||
| Total stockholders' equity: | 119,907 | 100,367 | 78,263 | (4,016) | (14,149) | (12,149) | 83,368 | ||
| TOTAL LIABILITIES AND EQUITY: | 221,992 | 237,746 | 271,144 | 289,338 | 316,606 | 334,732 | 265,348 | ||
Income statement (P&L) ($ in thousands)
| 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | 2/28/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 39,710 | 114,131 | 148,487 | 214,568 | 231,433 | 238,238 | 206,146 | |
| Revenue, net | ✕ | ✕ | 148,487 | 214,568 | 231,433 | 238,238 | 206,146 | |
| Cost of revenue | (50,832) | (90,100) | (130,401) | (191,568) | (196,473) | (182,420) | (174,781) | |
| Gross profit: | (11,122) | 24,031 | 18,086 | 23,000 | 34,960 | 55,818 | 31,365 | |
| Operating expenses | (6,500) | 16,958 | 72,711 | 8,908 | (15,296) | (89,581) | (8,168) | |
| Other undisclosed operating loss | (300) | (1,000) | ||||||
| Operating income (loss): | (17,622) | 40,989 | 90,797 | 31,908 | 19,664 | (34,063) | 22,197 | |
| Nonoperating expense | (16,495) | (8,743) | (17,770) | (18,798) | (17,899) | (24,974) | (7,605) | |
| Investment income, nonoperating | (12,112) | (13,286) | 134 | |||||
| Other nonoperating income (expense) | 730 | 139 | 35 | (160) | 1,057 | (6,418) | 116 | |
| Interest and debt expense | (512) | (779) | (2,662) | (620) | (18,956) | (18,556) | (7,721) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 779 | 2,662 | 620 | 18,956 | 18,556 | 7,721 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (34,629) | 32,246 | 73,027 | 13,110 | 1,765 | (59,037) | 14,592 | |
| Income from equity method investments | 11 | |||||||
| Other undisclosed income from continuing operations before income taxes | 512 | |||||||
| Income (loss) from continuing operations before income taxes: | (34,117) | 32,246 | 73,027 | 13,110 | 1,765 | (59,026) | 14,592 | |
| Income tax expense (benefit) | 9,079 | (6,167) | 11,732 | 110 | (2,069) | (36,948) | 34,063 | |
| Other undisclosed loss from continuing operations | (11) | |||||||
| Income (loss) from continuing operations: | (25,038) | 26,079 | 84,759 | 13,220 | (304) | (95,985) | 48,655 | |
| Income from discontinued operations | 76,957 | |||||||
| Net income (loss): | 51,919 | 26,079 | 84,759 | 13,220 | (304) | (95,985) | 48,655 | |
| Net income (loss) attributable to noncontrolling interest | (1,434) | (2,727) | (2,630) | (101) | 2,418 | (3,274) | (5,174) | |
| Net income (loss) attributable to parent: | 50,485 | 23,352 | 82,129 | 13,119 | 2,114 | (99,259) | 43,481 | |
| Preferred stock dividends and other adjustments | (162) | 325 | ||||||
| Net income (loss) available to common stockholders, basic: | 50,485 | 23,352 | 82,129 | 13,119 | 1,952 | (99,259) | 43,806 | |
| Other undisclosed net loss available to common stockholders, diluted | (325) | |||||||
| Net income (loss) available to common stockholders, diluted: | 50,485 | 23,352 | 82,129 | 13,119 | 1,952 | (99,259) | 43,481 | |
Comprehensive Income ($ in thousands)
| 2/29/2020 | 2/28/2019 | 2/28/2018 | 2/28/2017 | 2/29/2016 | 2/28/2015 | 2/28/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 51,919 | 26,079 | 84,759 | 13,220 | (304) | (95,985) | 48,655 | |
| Other undisclosed comprehensive income | 99 | |||||||
| Comprehensive income (loss): | 51,919 | 26,079 | 84,759 | 13,220 | (304) | (95,886) | 48,655 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,434) | (2,727) | (2,630) | (101) | 2,418 | (3,274) | 5,155 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (10,310) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 50,485 | 23,352 | 82,129 | 13,119 | 2,114 | (99,160) | 43,500 | |
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.