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 investments93,0365,4384,10711,3494,4563,6695,304
Cash and cash equivalents93,0365,4384,10711,3494,4563,6695,304
Restricted cash and investments1,6922,5042,0082,3231,4642,7402,239
Receivables4,62716,77520,59426,48434,90637,32831,000
Prepaid expense1,7273,8313,2344,7987,4138,640 
Disposal group, including discontinued operation  26,170    
Prepaid expense and other current assets10,587
Deferred tax assets     4,882
Other current assets10,4541,4463,6801,5033,4523,514 
Total current assets:111,53629,99459,79346,45751,69155,89154,012
Noncurrent Assets
Operating lease, right-of-use asset8,416
Property, plant and equipment15,21423,477   34,79432,231
Long-term investments and receivables    337526 
Long-term investments    337526 
Intangible assets, net (including goodwill), including:66,463175,643176,281203,792223,125233,627163,459
Goodwill 4,3384,3384,60314,69715,39212,639
Intangible assets, net (excluding goodwill)66,463171,305171,943199,189208,428218,235151,368
Other undisclosed intangible assets, net (including goodwill)      (548)
Deferred costs     3,4383,178
Other noncurrent assets20,3638,6327,6697,4446,8105,956 
Prepaid expense and other noncurrent assets5,287
Other undisclosed noncurrent assets  (175,481)(202,992)(222,325)(267,921)(188,509)
Total noncurrent assets:110,456207,7528,4698,2447,94710,42015,646
Other undisclosed assets  202,882234,637256,968268,421195,690
TOTAL ASSETS:221,992237,746271,144289,338316,606334,732265,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3934,4516,39413,3988,1279,4978,958
Taxes payable3,79611,218     
Other undisclosed accounts payable and accrued liabilities(1,403)(6,767)6,39413,3988,1279,4978,958
Deferred revenue2,605
Debt812 16,03723,60017,5736,84012,541
Deferred compensation liability      2,926
Deferred revenue and credits4,0304,56011,43511,56811,506
Contract with customer, liability4,055
Other liabilities1,7522,9222,6956,8075,7756,6204,767
Other undisclosed current liabilities12,85245,9383,5416,2388,3758,2418,552
Total current liabilities:20,41457,36632,69754,60351,28542,76649,250
Noncurrent Liabilities
Long-term debt and lease obligation56,64448,757122,849190,372228,027254,150114,926
Long-term debt, excluding current maturities47,47448,757122,849190,372228,027254,150114,926
Operating lease, liability9,170
Liabilities, other than long-term debt1,64831,25637,33548,37951,44350,16518,004
Deferred tax liabilities, net25,23231,40343,53743,71541,6149,783
Liability for uncertainty in income taxes1,600    200200
Other liabilities486,0245,9324,8427,7288,3518,021
Other undisclosed noncurrent liabilities23,379    (200)(200)
Total noncurrent liabilities:81,67180,013160,184238,751279,470304,115132,730
Total liabilities:102,085137,379192,881293,354330,755346,881181,980
Stockholders' equity
Stockholders' equity attributable to parent, including:119,92472,21447,583(36,937)(52,546)(58,810)35,750
Additional paid in capital597,895595,984594,708592,320589,483585,358580,776
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 parent133130127124471446428
Stockholders' equity attributable to noncontrolling interest(17)28,15330,68032,92138,39746,66147,618
Total stockholders' equity:119,907100,36778,263(4,016)(14,149)(12,149)83,368
TOTAL LIABILITIES AND EQUITY:221,992237,746271,144289,338316,606334,732265,348

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
Revenues39,710114,131148,487214,568231,433238,238206,146
Revenue, net148,487214,568231,433238,238206,146
Cost of revenue(50,832)(90,100)(130,401)(191,568)(196,473)(182,420)(174,781)
Gross profit:(11,122)24,03118,08623,00034,96055,81831,365
Operating expenses(6,500)16,95872,7118,908(15,296)(89,581)(8,168)
Other undisclosed operating loss     (300)(1,000)
Operating income (loss):(17,622)40,98990,79731,90819,664(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)73013935(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 7792,66262018,95618,5567,721
Income (loss) from continuing operations before equity method investments, income taxes:(34,629)32,24673,02713,1101,765(59,037)14,592
Income from equity method investments     11 
Other undisclosed income from continuing operations before income taxes512      
Income (loss) from continuing operations before income taxes:(34,117)32,24673,02713,1101,765(59,026)14,592
Income tax expense (benefit)9,079(6,167)11,732110(2,069)(36,948)34,063
Other undisclosed loss from continuing operations     (11) 
Income (loss) from continuing operations:(25,038)26,07984,75913,220(304)(95,985)48,655
Income from discontinued operations76,957      
Net income (loss):51,91926,07984,75913,220(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:50,48523,35282,12913,1192,114(99,259)43,481
Preferred stock dividends and other adjustments    (162) 325
Net income (loss) available to common stockholders, basic:50,48523,35282,12913,1191,952(99,259)43,806
Other undisclosed net loss available to common stockholders, diluted      (325)
Net income (loss) available to common stockholders, diluted:50,48523,35282,12913,1191,952(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):51,91926,07984,75913,220(304)(95,985)48,655
Other undisclosed comprehensive income     99 
Comprehensive income (loss):51,91926,07984,75913,220(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:50,48523,35282,12913,1192,114(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: