Emmis Communications Corporation (EMMS) financial statements (2021 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 millions)

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 investments935411445
Cash and cash equivalents935411445
Restricted cash and investments2322132
Receivables5172126353731
Prepaid expense243579 
Disposal group, including discontinued operation  26    
Prepaid expense and other current assets11
Deferred tax assets     5
Other current assets1014234 
Total current assets:112306046525654
Noncurrent Assets
Operating lease, right-of-use asset8
Property, plant and equipment1523   3532
Long-term investments and receivables    01 
Long-term investments    01 
Intangible assets, net (including goodwill), including:66176176204223234163
Goodwill 445151513
Intangible assets, net (excluding goodwill)66171172199208218151
Other undisclosed intangible assets, net (including goodwill)      (1)
Deferred costs     33
Other noncurrent assets2098776 
Prepaid expense and other noncurrent assets5
Other undisclosed noncurrent assets  (175)(203)(222)(268)(189)
Total noncurrent assets:1102088881016
Other undisclosed assets  203235257268196
TOTAL ASSETS:222238271289317335265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24613899
Taxes payable411     
Other undisclosed accounts payable and accrued liabilities(1)(7)613899
Deferred revenue3
Debt1 162418713
Deferred compensation liability      3
Deferred revenue and credits45111212
Contract with customer, liability4
Other liabilities2337675
Other undisclosed current liabilities134646889
Total current liabilities:20573355514349
Noncurrent Liabilities
Long-term debt and lease obligation5749123190228254115
Long-term debt, excluding current maturities4749123190228254115
Operating lease, liability9
Liabilities, other than long-term debt2313748515018
Deferred tax liabilities, net253144444210
Liability for uncertainty in income taxes2    00
Other liabilities0665888
Other undisclosed noncurrent liabilities23    (0)(0)
Total noncurrent liabilities:8280160239279304133
Total liabilities:102137193293331347182
Stockholders' equity
Stockholders' equity attributable to parent, including:1207248(37)(53)(59)36
Additional paid in capital598596595592589585581
Accumulated other comprehensive loss      (0)
Accumulated deficit(478)(524)(547)(629)(643)(645)(545)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(0)283133384748
Total stockholders' equity:12010078(4)(14)(12)83
TOTAL LIABILITIES AND EQUITY:222238271289317335265

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

2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Revenues40114148215231238206
Revenue, net148215231238206
Cost of revenue(51)(90)(130)(192)(196)(182)(175)
Gross profit:(11)241823355631
Operating expenses(7)17739(15)(90)(8)
Other undisclosed operating loss     (0)(1)
Operating income (loss):(18)41913220(34)22
Nonoperating expense(16)(9)(18)(19)(18)(25)(8)
Investment income, nonoperating(12)    (13)0
Other nonoperating income (expense)100(0)1(6)0
Interest and debt expense(1)(1)(3)(1)(19)(19)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes 13119198
Income (loss) from continuing operations before equity method investments, income taxes:(35)3273132(59)15
Income from equity method investments     0 
Other undisclosed income from continuing operations before income taxes1      
Income (loss) from continuing operations before income taxes:(34)3273132(59)15
Income tax expense (benefit)9(6)120(2)(37)34
Other undisclosed loss from continuing operations     (0) 
Income (loss) from continuing operations:(25)268513(0)(96)49
Income from discontinued operations77      
Net income (loss):52268513(0)(96)49
Net income (loss) attributable to noncontrolling interest(1)(3)(3)(0)2(3)(5)
Net income (loss) attributable to parent:502382132(99)43
Preferred stock dividends and other adjustments    (0) 0
Net income (loss) available to common stockholders, basic:502382132(99)44
Other undisclosed net loss available to common stockholders, diluted      (0)
Net income (loss) available to common stockholders, diluted:502382132(99)43

Comprehensive Income ($ in millions)

2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
2/28/2015
2/28/2014
Net income (loss):52268513(0)(96)49
Other undisclosed comprehensive income     0 
Comprehensive income (loss):52268513(0)(96)49
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(3)(3)(0)2(3)5
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10)
Comprehensive income (loss), net of tax, attributable to parent:502382132(99)44

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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