Entravision Communications Corporation (EVC) financial statements (2022 and earlier)

Company profile

Business Address 2425 OLYMPIC BLVD
SANTA MONICA, CA 90404
State of Incorp. DE
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments185,094147,150124,785179,15739,56061,52047,924
Cash and cash equivalents185,094119,16233,12346,73339,56061,52047,924
Short-term investments 27,98891,662132,424   
Restricted cash and investments749749734732222,294  
Receivables209,909148,17675,65783,83889,00165,07271,933
Assets held-for-sale, not part of disposal group1,9632,1419501,179   
Other undisclosed current assets10,76311,8497,3066,1421,6074,870171
Total current assets:408,478310,065209,432271,048352,462131,462120,028
Noncurrent Assets
Operating lease, right-of-use asset25,58233,52543,837
Property, plant and equipment62,49872,00479,64264,93960,33755,36857,874
Intangible assets, net (including goodwill)71,70858,04346,51174,29270,55750,081287,438
Goodwill71,70858,04346,51174,29270,55750,08150,081
Intangible assets, net (excluding goodwill)      237,357
Deferred income tax assets1,462  
Other noncurrent assets8,5277,6437,4622,9344,6902,5124,919
Deferred tax assets, net  44,67757,929
Other undisclosed noncurrent assets273,087266,065269,316277,196277,921233,821 
Total noncurrent assets:442,864437,280446,768419,361413,505386,459408,160
TOTAL ASSETS:851,342747,345656,200690,409765,967517,921528,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:212,655126,84953,93151,03459,52230,81029,669
Accounts payable58,80049,70011,50014,70023,7006,1006,600
Accrued liabilities14,7006,8006,2008,0008,4005,6005,000
Employee-related liabilities12,3007,4004,5005,2006,7006,3006,400
Taxes payable6,5003,4008,500300600400300
Other undisclosed accounts payable and accrued liabilities120,35559,54923,23122,83420,12212,41011,369
Debt4,9033,00012,0563,0003,0003,7503,750
Due to related parties      118
Other undisclosed current liabilities7,3047,290     
Total current liabilities:224,862137,13965,98754,03462,52234,56033,537
Noncurrent Liabilities
Long-term debt and lease obligation228,404242,229254,411240,541292,489286,697312,813
Long-term debt, excluding current maturities207,416210,454213,024240,541292,489286,697312,813
Operating lease, liability20,98831,77541,387
Liabilities, other than long-term debt141,15058,7123,37163,10262,08613,20814,565
Deferred tax liabilities, net46,68440,639  
Deferred income tax liabilities68,22054,980 
Other liabilities72,9303,7323,37116,41821,44713,20814,565
Other undisclosed noncurrent liabilities  44,259    
Total noncurrent liabilities:369,554300,941302,041303,643354,575299,905327,378
Total liabilities:594,416438,080368,028357,677417,097334,465360,915
Temporary equity, carrying amount 33,285     
Stockholders' equity
Stockholders' equity attributable to parent, including:256,926275,980288,172332,732348,870183,456167,273
Additional paid in capital780,388828,813836,170862,299888,650904,867910,228
Accumulated other comprehensive loss(977)(1,056)(131)(1,412)(60)(2,977)(4,115)
Accumulated deficit(522,494)(551,786)(547,876)(528,164)(539,730)(718,444)(738,849)
Other undisclosed stockholders' equity attributable to parent999910109
Total stockholders' equity:256,926275,980288,172332,732348,870183,456167,273
TOTAL LIABILITIES AND EQUITY:851,342747,345656,200690,409765,967517,921528,188

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues760,192344,026273,575297,815536,034258,514254,134
Cost of revenue(466,517)(104,909)(119,412)(125,242)(119,283)(9,536)(7,242)
Cost of goods and services sold(466,517)(104,909)(119,412)(125,242)(119,283)(113,439)(110,323)
Gross profit:293,675239,117154,163172,573416,751248,978246,892
Operating expenses(173,034)(112,616)(108,704)(264,238)(257,643)(209,658)(198,889)
Other undisclosed operating income (loss)(60,170)(119,893)(47,112)125,242119,2839,5367,242
Operating income (loss):60,4716,608(1,653)33,577278,39148,85655,245
Nonoperating income4581,7764,2715,4481,03630045
Investment income, nonoperating4581,7764,2715,44877430045
Other nonoperating income    262  
Interest and debt expense(7,020)(8,265)(13,938)(16,293)(20,015)(15,630)(13,251)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (19)20    
Income (loss) from continuing operations before equity method investments, income taxes:53,909100(11,300)22,732259,41233,52642,039
Other undisclosed income (loss) from continuing operations before income taxes 19(20)(1,320)   
Income (loss) from continuing operations before income taxes:53,909119(11,320)21,412259,41233,52642,039
Income tax expense(18,679)(1,506)(8,158)(7,877)(82,809)(13,121)(16,414)
Net income (loss):35,230(1,387)(19,478)13,535176,60320,40525,625
Net loss attributable to noncontrolling interest(5,938)(2,523)(234)(1,374)(310)  
Net income (loss) available to common stockholders, diluted:29,292(3,910)(19,712)12,161176,29320,40525,625

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):35,230(1,387)(19,478)13,535176,60320,40525,625
Other comprehensive income (loss)1053(500)3005001,138(1,977)
Other undisclosed comprehensive loss(26)(928)     
Comprehensive income (loss):35,309(2,312)(19,978)13,835177,10321,54323,648
Comprehensive loss, net of tax, attributable to noncontrolling interest(5,938)(2,523)(234)(1,374)(310)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  1,781(1,652)2,417  
Comprehensive income (loss), net of tax, attributable to parent:29,371(4,835)(18,431)10,809179,21021,54323,648

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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