Hemisphere Media Group, Inc. (HMTV) Financial Statements (2023 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 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (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 investments | 49,477 | 134,471 | 92,151 | 94,478 | 124,299 | 163,090 | 179,532 | ||
| Cash and cash equivalents | 49,477 | 134,471 | 92,151 | 94,478 | 124,299 | 163,090 | 179,532 | ||
| Receivables | 33,738 | 35,955 | 29,269 | 30,840 | 20,007 | 25,566 | 25,519 | ||
| Prepaid expense | 7,767 | ||||||||
| Other current assets | 23,519 | ||||||||
| Other undisclosed current assets | 11,863 | 18,542 | 24,320 | 19,506 | 22,409 | 14,859 | 11,815 | ||
| Total current assets: | 126,364 | 188,968 | 145,740 | 144,824 | 166,715 | 203,515 | 216,866 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,281 | 1,820 | 1,833 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 31,554 | 31,798 | 34,319 | 32,209 | 24,433 | 25,501 | 25,397 | ||
| Long-term investments and receivables | 24,171 | 29,782 | 49,639 | 51,658 | 30,907 | ||||
| Long-term investments | 24,171 | 29,782 | 49,639 | 51,658 | 30,907 | ||||
| Intangible assets, net (including goodwill) | 388,176 | 231,714 | 241,265 | 250,436 | 257,904 | 271,092 | 284,428 | ||
| Goodwill | 231,710 | 165,597 | 167,322 | 169,994 | 164,887 | 164,887 | 164,887 | ||
| Intangible assets, net (excluding goodwill) | 156,466 | 66,117 | 73,943 | 80,442 | 93,017 | 106,205 | 119,541 | ||
| Deferred costs | 2,254 | ||||||||
| Deferred income tax assets | 1,208 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 7,410 | 4,333 | 3,979 | 2,529 | 1,605 | 1,245 | 1,468 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 4,290 | 4,802 | 18,638 | 13,280 | ||
| Other undisclosed noncurrent assets | 20,955 | 13,430 | 14,804 | 15,321 | 11,520 | 10,450 | 7,457 | ||
| Total noncurrent assets: | 473,547 | 312,877 | 347,047 | 356,443 | 331,171 | 326,926 | 334,284 | ||
| TOTAL ASSETS: | 599,911 | 501,845 | 492,787 | 501,267 | 497,886 | 530,441 | 551,150 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 48,590 | 32,249 | 23,531 | 28,125 | 21,861 | 26,345 | 25,964 | ||
| Accounts payable | 11,533 | 2,350 | 1,925 | 2,515 | 3,465 | 3,525 | 2,463 | ||
| Accrued liabilities | 28,673 | 21,732 | 16,585 | 17,490 | 12,786 | 16,713 | 18,604 | ||
| Employee-related liabilities | 7,031 | 5,934 | 5,021 | 5,855 | 5,540 | 4,488 | 3,995 | ||
| Taxes payable | 1,353 | 2,233 | 2,265 | 70 | 1,619 | 902 | |||
| Deferred revenue | 7,400 | ✕ | ✕ | ✕ | ✕ | ||||
| Debt | 2,656 | 2,134 | 2,672 | 2,134 | 2,133 | 8,278 | |||
| Due to related parties | 1,646 | 648 | 669 | 626 | 1,885 | 413 | 1,182 | ||
| Program rights obligations | 12,979 | 7,626 | 6,369 | 4,051 | 2,920 | 3,293 | 4,426 | ||
| Other undisclosed current liabilities | 946 | 4,982 | 2,806 | ||||||
| Total current liabilities: | 73,271 | 42,657 | 34,187 | 39,918 | 31,605 | 30,051 | 39,850 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 246,919 | 200,856 | 202,406 | 203,957 | 205,509 | 210,270 | 211,645 | ||
| Long-term debt, excluding current maturities | 246,919 | 200,856 | 202,406 | 203,957 | 205,509 | 210,270 | 211,645 | ||
| Liabilities, other than long-term debt | 30,173 | 26,846 | 25,525 | 23,993 | 21,868 | 20,780 | 21,014 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 19,520 | 18,763 | 17,829 | 17,928 | ||
| Deferred income tax liabilities | 22,427 | 19,306 | 19,331 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 2,895 | 2,832 | 2,457 | 2,260 | 2,004 | 2,844 | 2,721 | ||
| Other liabilities | 2,031 | 3,932 | 2,917 | 1,080 | |||||
| Program rights obligations | 2,820 | 776 | 820 | 1,133 | 1,101 | 107 | 365 | ||
| Total noncurrent liabilities: | 277,092 | 227,702 | 227,931 | 227,950 | 227,377 | 231,050 | 232,659 | ||
| Total liabilities: | 350,363 | 270,359 | 262,118 | 267,868 | 258,982 | 261,101 | 272,509 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 249,548 | 231,005 | 229,285 | 231,911 | 238,904 | 269,340 | 278,641 | ||
| Treasury stock, value | (59,088) | (57,303) | (35,069) | (3,144) | |||||
| Additional paid in capital | 288,703 | 279,800 | 274,518 | 270,345 | 265,329 | 261,051 | 256,551 | ||
| Accumulated other comprehensive income (loss) | (732) | (2,187) | (792) | 1,155 | 472 | (483) | (607) | ||
| Retained earnings | 26,352 | 14,840 | 16,075 | 19,495 | 30,401 | 43,837 | 25,837 | ||
| Other undisclosed stockholders' equity attributable to parent | (64,775) | (61,448) | (60,516) | 4 | 5 | 4 | 4 | ||
| Stockholders' equity attributable to noncontrolling interest | 481 | 1,384 | 1,488 | ||||||
| Total stockholders' equity: | 249,548 | 231,486 | 230,669 | 233,399 | 238,904 | 269,340 | 278,641 | ||
| TOTAL LIABILITIES AND EQUITY: | 599,911 | 501,845 | 492,787 | 501,267 | 497,886 | 530,441 | 551,150 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 195,650 | 151,184 | 149,387 | 147,079 | 124,464 | 138,525 | 129,790 | |
| Cost of revenue | (59,555) | (48,309) | (43,138) | (42,174) | (39,965) | (41,293) | (41,189) | |
| Gross profit: | 136,095 | 102,875 | 106,249 | 104,905 | 84,499 | 97,232 | 88,601 | |
| Operating expenses | (128,276) | (62,128) | (58,745) | (62,053) | (59,143) | (57,209) | (53,734) | |
| Other undisclosed operating income | 2,638 | 953 | 1,739 | 1,880 | ||||
| Operating income: | 10,457 | 41,700 | 49,243 | 44,732 | 25,356 | 40,023 | 34,867 | |
| Nonoperating income (expense) | 5,568 | (34,846) | (40,628) | (45,258) | (20,086) | (11,651) | (12,086) | |
| Investment income, nonoperating | (22,258) | (30,271) | (35,206) | (11,885) | ||||
| Interest and debt expense | (501) | (504) | ||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 504 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 16,025 | 6,854 | 8,615 | (526) | 5,270 | 27,871 | 22,781 | |
| Other undisclosed income from continuing operations before income taxes | 501 | |||||||
| Income (loss) from continuing operations before income taxes: | 16,025 | 6,854 | 8,615 | (526) | 5,270 | 28,372 | 22,781 | |
| Income tax expense | (4,994) | (8,992) | (12,086) | (10,271) | (18,706) | (10,372) | (9,042) | |
| Net income (loss): | 11,031 | (2,138) | (3,471) | (10,797) | (13,436) | 18,000 | 13,739 | |
| Net income (loss) attributable to noncontrolling interest | 32 | 903 | 104 | (109) | ||||
| Net income (loss) available to common stockholders, diluted: | 11,063 | (1,235) | (3,367) | (10,906) | (13,436) | 18,000 | 13,739 | |
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): | 11,031 | (2,138) | (3,471) | (10,797) | (13,436) | 18,000 | 13,739 | |
| Other comprehensive income (loss) | 1,455 | (1,395) | (2,000) | 683 | ||||
| Comprehensive income (loss): | 12,486 | (3,533) | (5,471) | (10,114) | (13,436) | 18,000 | 13,739 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 32 | 903 | 104 | (109) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 955 | 124 | (21) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 12,518 | (2,630) | (5,367) | (10,223) | (12,481) | 18,124 | 13,718 | |
Statements Sources
The financial statements are based on the Company's filings with 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.