Entercom Communications Corp. (ETM) financial statements (2021 and earlier)

Company profile

Business Address 2400 MARKET STREET
PHILADELPHIA, PA 19103
State of Incorp. PA
Fiscal Year End December 31
SIC 4832 - Radio 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 investments20123344793212
Cash and cash equivalents20123344793212
Receivables37934334292877072
Prepaid expense252524866 
Prepaid expense and other current assets✕✕✕✕✕✕4
Other undisclosed current assets 69  423
Total current assets:42556040114710611091
Noncurrent Assets
Operating lease, right-of-use asset260✕✕✕✕✕✕
Property, plant and equipment35131734763584544
Long-term investments and receivables31110    
Long-term investments31110    
Intangible assets, net (including goodwill), including:8058916135425155
Goodwill4453986233333939
Intangible assets, net (excluding goodwill)365052391216
Other undisclosed intangible assets, net (including goodwill)  (753)   ✕
Prepaid expense    20 
Disposal group, including discontinued operation, noncurrent assets1020212   ✕
Other noncurrent assets435658101213 
Prepaid expense and other noncurrent assets✕✕✕✕✕✕18
Assets held-for-sale, long lived✕✕✕✕✕✕2
Other undisclosed noncurrent assets2,4722,4673,351821802708702
Total noncurrent assets:3,2193,4604,139930916817821
TOTAL ASSETS:3,6444,0204,5391,0761,022927913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities82607720172319
Accounts payable6210000
Accrued liabilities76587719171414
Employee-related liabilities     65
Interest and dividends payable   0 3 
Debt52 1353233
Restructuring reserve   0  ✕
Asset retirement obligation   1   
Customer refund liability     22
Deferred revenue and credits✕✕ 0 00
Deferred tax liabilities✕    00
Other liabilities7711810820201313
Other undisclosed current liabilities   23 (11)(7)
Total current liabilities:21117919868693130
Noncurrent Liabilities
Long-term debt and lease obligation1,9501,8721,859468455477514
Long-term debt, excluding current maturities1,6971,8721,859468455477514
Operating lease, liability253✕✕✕✕✕✕
Liabilities, other than long-term debt6016357171201099575
Deferred revenue and credits✕✕   54
Deferred tax liabilities, net✕54661093826344
Deferred income tax liabilities550✕✕✕✕✕✕
Liability for uncertainty in income taxes     00
Other liabilities528910827282626
Other undisclosed noncurrent liabilities     (5)(5)
Total noncurrent liabilities:2,5522,5072,577587564567585
Total liabilities:2,7622,6862,775655633598614
Stockholders' equity
Stockholders' equity attributable to parent8801,3341,764393361329298
Common stock 110000
Additional paid in capital1,6561,6941,737606612609605
Accumulated other comprehensive loss(0)      
Retained earnings (accumulated deficit)(776)(361)26(213)(251)(280)(307)
Other undisclosed stockholders' equity1      
Total stockholders' equity:8811,3341,764393361329298
Other undisclosed liabilities and equity   2828  
TOTAL LIABILITIES AND EQUITY:3,6444,0204,5391,0761,022927913

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
Revenues1,4901,463593460411380378
Revenue, net✕✕593460411380378
Cost of revenue
(Financial Services Costs)		 (3)(2) (2)  
Gross profit:1,4901,459591460410380378
Operating expenses(1,771)(1,728)(580)(362)(326)(294)(285)
Other undisclosed operating income 32 2  
Operating income (loss):(281)(266)1398868693
Nonoperating expense(2) (4)(9)(38)(39)(44)
Other nonoperating income   2  0
Interest and debt expense(100)(101)(33)(37)(38)(39)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes    383944
Income (loss) from continuing operations before income taxes:(383)(367)(24)53484749
Income tax expense (benefit)(37)4257(15)(18)(20)(22)
Income (loss) from continuing operations:(420)(363)23338292726
Income (loss) from discontinued operations(1)11    
Net income (loss):(421)(361)23438292726
Other undisclosed net income attributable to parent1      
Net income (loss) attributable to parent:(420)(361)23438292726
Preferred stock dividends and other adjustments   (2)(1)  
Other undisclosed net loss available to common stockholders, basic (1)(3)    
Net income (loss) available to common stockholders, diluted:(420)(363)23136282726

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):(421)(361)23438292726
Other comprehensive income      26
Comprehensive income (loss):(421)(361)23438292752
Other undisclosed comprehensive income, net of tax, attributable to parent1      
Comprehensive income (loss), net of tax, attributable to parent:(420)(361)23438292752

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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