Hemisphere Media Group, Inc. (HMTV) financial statements (2021 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)

12/31/2020
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 investments1349294124163180142
Cash and cash equivalents1349294124163180142
Receivables36293120262623
Deferred tax assets    4
Other undisclosed current assets19242022151217
Total current assets:189146145167204217186
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment32343224262524
Long-term investments and receivables30505231   
Long-term investments30505231   
Intangible assets, net (including goodwill), including:232241250258271284298
Goodwill166167170165165165165
Intangible assets, net (excluding goodwill)6674809310612075
Other undisclosed intangible assets, net (including goodwill)      58
Deferred costs     23
Deferred income tax assets 1
Other noncurrent assets4432111
Deferred tax assets, net451913 
Other undisclosed noncurrent assets131515121077
Total noncurrent assets:313347356331327334333
TOTAL ASSETS:502493501498530551518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3224282226266
Accounts payable2233422
Accrued liabilities221717131719 
Employee-related liabilities6566443
Taxes payable2 2021 
Debt2322 82
Due to related parties1112011
Program rights obligations8643344
Other undisclosed current liabilities 153  15
Total current liabilities:43344032304028
Noncurrent Liabilities
Long-term debt and lease obligation201202204206210212220
Long-term debt, excluding current maturities201202204206210212220
Liabilities, other than long-term debt27262422212114
Pension and other postretirement defined benefit plans, liabilities3
Deferred tax liabilities, net2019181812
Deferred income tax liabilities1919
Liability, pension and other postretirement and postemployment benefits322233 
Other liabilities431    
Program rights obligations1111000
Total noncurrent liabilities:228228228227231233234
Total liabilities:270262268259261273262
Stockholders' equity
Stockholders' equity attributable to parent, including:231229232239269279256
Treasury stock, value  (59)(57)(35)(3)(2)
Additional paid in capital280275270265261257247
Accumulated other comprehensive income (loss)(2)(1)10(0)(1)(1)
Retained earnings15161930442612
Other undisclosed stockholders' equity attributable to parent(61)(61)00000
Stockholders' equity attributable to noncontrolling interest011    
Total stockholders' equity:231231233239269279256
TOTAL LIABILITIES AND EQUITY:502493501498530551518

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues151149147124139130112
Cost of revenue(48)(43)(42)(40)(41)(41)(36)
Gross profit:10310610584978976
Operating expenses(62)(59)(62)(59)(57)(54)(50)
Other undisclosed operating income122   0
Operating income:42494525403526
Nonoperating expense(35)(41)(45)(20)(12)(12)(13)
Investment income, nonoperating(22)(30)(35)(12)   
Interest and debt expense    (1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     11
Income (loss) from continuing operations before equity method investments, income taxes:79(1)5282313
Other undisclosed income from continuing operations before income taxes    1  
Income (loss) from continuing operations before income taxes:79(1)5282313
Income tax expense(9)(12)(10)(19)(10)(9)(2)
Net income (loss):(2)(3)(11)(13)181411
Net income (loss) attributable to noncontrolling interest10(0)    
Net income (loss) available to common stockholders, diluted:(1)(3)(11)(13)181411

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2)(3)(11)(13)181411
Other comprehensive income (loss)(1)(2)1    
Comprehensive income (loss):(4)(5)(10)(13)181411
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   10(0)0
Comprehensive income (loss), net of tax, attributable to parent:(3)(5)(10)(12)181411

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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