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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31201233447932
Cash and cash equivalents31201233447932
Receivables276379343342928770
Prepaid expense48252524866
Other undisclosed current assets  69  42
Total current assets:355425560401147106110
Noncurrent Assets
Operating lease, right-of-use asset237260✕✕✕✕✕
Property, plant and equipment340351317347635845
Long-term investments and receivables331110   
Long-term investments331110   
Intangible assets, net (including goodwill), including:9780589161354251
Goodwill6244539862333339
Intangible assets, net (excluding goodwill)353650523912
Other undisclosed intangible assets, net (including goodwill)   (753)   
Prepaid expense     20
Disposal group, including discontinued operation, noncurrent assets211020212   
Other noncurrent assets41435658101213
Other undisclosed noncurrent assets2,1942,4722,4673,351821802708
Total noncurrent assets:2,9343,2193,4604,139930916817
TOTAL ASSETS:3,2893,6444,0204,5391,0761,022927
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74826077201723
Accounts payable14621000
Accrued liabilities60765877191714
Employee-related liabilities      6
Interest and dividends payable0   0 3
Debt552 135323
Restructuring reserve2   0  
Asset retirement obligation    1  
Customer refund liability      2
Deferred revenue and credits✕✕✕ 0 0
Deferred tax liabilities✕✕    0
Other liabilities7477118108202013
Other undisclosed current liabilities38   23 (11)
Total current liabilities:194211179198686931
Noncurrent Liabilities
Long-term debt and lease obligation1,9191,9501,8721,859468455477
Long-term debt, excluding current maturities1,6901,6971,8721,859468455477
Operating lease, liability229253✕✕✕✕✕
Liabilities, other than long-term debt53160163571712010995
Deferred revenue and credits✕✕✕   5
Deferred tax liabilities, net✕✕546610938263
Deferred income tax liabilities473550✕✕✕✕✕
Liability for uncertainty in income taxes      0
Other liabilities585289108272826
Other undisclosed noncurrent liabilities      (5)
Total noncurrent liabilities:2,4502,5522,5072,577587564567
Total liabilities:2,6442,7622,6862,775655633598
Stockholders' equity
Stockholders' equity attributable to parent6438801,3341,764393361329
Common stock  11000
Additional paid in capital1,6621,6561,6941,737606612609
Accumulated other comprehensive loss(2)(0)     
Retained earnings (accumulated deficit)(1,017)(776)(361)26(213)(251)(280)
Other undisclosed stockholders' equity11     
Total stockholders' equity:6458811,3341,764393361329
Other undisclosed liabilities and equity    2828 
TOTAL LIABILITIES AND EQUITY:3,2893,6444,0204,5391,0761,022927

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0611,4901,463593460411380
Revenue, net✕✕✕593460411380
Cost of revenue
(Financial Services Costs)		  (3)(2) (2) 
Gross profit:1,0611,4901,459591460410380
Operating expenses(1,300)(1,771)(1,728)(580)(362)(326)(294)
Other undisclosed operating income  32 2 
Operating income (loss):(239)(281)(266)13988686
Nonoperating expense (2) (4)(9)(38)(39)
Other nonoperating income    2  
Interest and debt expense(87)(100)(101)(33)(37)(38)(39)
Other undisclosed income from continuing operations before equity method investments, income taxes     3839
Income (loss) from continuing operations before income taxes:(326)(383)(367)(24)534847
Income tax expense (benefit)84(37)4257(15)(18)(20)
Income (loss) from continuing operations:(242)(420)(363)233382927
Income (loss) from discontinued operations (1)11   
Net income (loss):(242)(421)(361)234382927
Other undisclosed net income attributable to parent 1     
Net income (loss) attributable to parent:(242)(420)(361)234382927
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:(242)(420)(363)231362827

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(242)(421)(361)234382927
Comprehensive income (loss):(242)(421)(361)234382927
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)1     
Comprehensive income (loss), net of tax, attributable to parent:(244)(420)(361)234382927

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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