Hemisphere Media Group, Inc. (HMTV) financial statements (2020 and earlier)

Company profile

Business Address 4000 PONCE DE LEON BLVD., SUITE 650
CORAL GABLES, FL 33146
State of Incorp. DE
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments9294124163180142177
Cash and cash equivalents9294124163180142177
Receivables29312026262316
Deferred tax assets    4 
Other undisclosed current assets24202215121712
Total current assets:146145167204217186204
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment34322426252425
Long-term investments and receivables505231    
Long-term investments505231    
Intangible assets, net (including goodwill), including:241250258271284298207
Goodwill167170165165165165131
Intangible assets, net (excluding goodwill)7480931061207534
Other undisclosed intangible assets, net (including goodwill)     5842
Deferred costs    233
Deferred income tax assets1
Other noncurrent assets4321111
Deferred tax assets, net451913  
Other undisclosed noncurrent assets15151210777
Total noncurrent assets:347356331327334333242
TOTAL ASSETS:493501498530551518447
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242822262664
Accounts payable2334222
Accrued liabilities1717131719  
Employee-related liabilities5664432
Taxes payable 2021  
Debt322 822
Due to related parties1120111
Program rights obligations6433445
Deferred tax liabilities     8
Other undisclosed current liabilities153  1511
Total current liabilities:34403230402830
Noncurrent Liabilities
Long-term debt and lease obligation202204206210212220171
Long-term debt, excluding current maturities202204206210212220171
Liabilities, other than long-term debt2624222121145
Pension and other postretirement defined benefit plans, liabilities32
Deferred tax liabilities, net20191818122
Deferred income tax liabilities19
Liability, pension and other postretirement and postemployment benefits22233 
Other liabilities31     
Program rights obligations1110001
Total noncurrent liabilities:228228227231233234176
Total liabilities:262268259261273262206
Stockholders' equity
Stockholders' equity attributable to parent, including:229232239269279256241
Treasury stock, value (59)(57)(35)(3)(2)(1)
Additional paid in capital275270265261257247241
Accumulated other comprehensive income (loss)(1)10(0)(1)(1)(1)
Retained earnings1619304426122
Other undisclosed stockholders' equity attributable to parent(61)000000
Stockholders' equity attributable to noncontrolling interest11     
Total stockholders' equity:231233239269279256241
TOTAL LIABILITIES AND EQUITY:493501498530551518447

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues14914712413913011286
Cost of revenue(43)(42)(40)(41)(41)(36)(34)
Gross profit:1061058497897652
Operating expenses(59)(62)(59)(57)(54)(50)(44)
Other undisclosed operating income22   00
Operating income:4945254035268
Nonoperating expense(41)(45)(20)(12)(12)(13)(9)
Investment income, nonoperating(30)(35)(12)    
Interest and debt expense   (1)(1)(1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes    112
Income (loss) from continuing operations before equity method investments, income taxes:9(1)5282313(1)
Other undisclosed income from continuing operations before income taxes   1   
Income (loss) from continuing operations before income taxes:9(1)5282313(1)
Income tax expense(12)(10)(19)(10)(9)(2)(3)
Net income (loss):(3)(11)(13)181411(4)
Net income (loss) attributable to noncontrolling interest0(0)     
Net income (loss) available to common stockholders, diluted:(3)(11)(13)181411(4)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(3)(11)(13)181411(4)
Other comprehensive income (loss)(2)1     
Comprehensive income (loss):(5)(10)(13)181411(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  10(0)00
Comprehensive income (loss), net of tax, attributable to parent:(5)(10)(12)181411(4)

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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