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 investments49,477134,47192,15194,478124,299163,090179,532
Cash and cash equivalents49,477134,47192,15194,478124,299163,090179,532
Receivables33,73835,95529,26930,84020,00725,56625,519
Prepaid expense7,767      
Other current assets23,519      
Other undisclosed current assets11,86318,54224,32019,50622,40914,85911,815
Total current assets:126,364188,968145,740144,824166,715203,515216,866
Noncurrent Assets
Operating lease, right-of-use asset1,2811,8201,833
Property, plant and equipment31,55431,79834,31932,20924,43325,50125,397
Long-term investments and receivables24,17129,78249,63951,65830,907  
Long-term investments24,17129,78249,63951,65830,907  
Intangible assets, net (including goodwill)388,176231,714241,265250,436257,904271,092284,428
Goodwill231,710165,597167,322169,994164,887164,887164,887
Intangible assets, net (excluding goodwill)156,46666,11773,94380,44293,017106,205119,541
Deferred costs      2,254
Deferred income tax assets  1,208
Other noncurrent assets7,4104,3333,9792,5291,6051,2451,468
Deferred tax assets, net4,2904,80218,63813,280
Other undisclosed noncurrent assets20,95513,43014,80415,32111,52010,4507,457
Total noncurrent assets:473,547312,877347,047356,443331,171326,926334,284
TOTAL ASSETS:599,911501,845492,787501,267497,886530,441551,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,59032,24923,53128,12521,86126,34525,964
Accounts payable11,5332,3501,9252,5153,4653,5252,463
Accrued liabilities28,67321,73216,58517,49012,78616,71318,604
Employee-related liabilities7,0315,9345,0215,8555,5404,4883,995
Taxes payable1,3532,233 2,265701,619902
Deferred revenue7,400  
Debt2,6562,1342,6722,1342,133 8,278
Due to related parties1,6466486696261,8854131,182
Program rights obligations12,9797,6266,3694,0512,9203,2934,426
Other undisclosed current liabilities  9464,9822,806  
Total current liabilities:73,27142,65734,18739,91831,60530,05139,850
Noncurrent Liabilities
Long-term debt and lease obligation246,919200,856202,406203,957205,509210,270211,645
Long-term debt, excluding current maturities246,919200,856202,406203,957205,509210,270211,645
Liabilities, other than long-term debt30,17326,84625,52523,99321,86820,78021,014
Deferred tax liabilities, net19,52018,76317,82917,928
Deferred income tax liabilities22,42719,30619,331
Liability, pension and other postretirement and postemployment benefits2,8952,8322,4572,2602,0042,8442,721
Other liabilities2,0313,9322,9171,080   
Program rights obligations2,8207768201,1331,101107365
Total noncurrent liabilities:277,092227,702227,931227,950227,377231,050232,659
Total liabilities:350,363270,359262,118267,868258,982261,101272,509
Stockholders' equity
Stockholders' equity attributable to parent, including:249,548231,005229,285231,911238,904269,340278,641
Treasury stock, value   (59,088)(57,303)(35,069)(3,144)
Additional paid in capital288,703279,800274,518270,345265,329261,051256,551
Accumulated other comprehensive income (loss)(732)(2,187)(792)1,155472(483)(607)
Retained earnings26,35214,84016,07519,49530,40143,83725,837
Other undisclosed stockholders' equity attributable to parent(64,775)(61,448)(60,516)4544
Stockholders' equity attributable to noncontrolling interest 4811,3841,488   
Total stockholders' equity:249,548231,486230,669233,399238,904269,340278,641
TOTAL LIABILITIES AND EQUITY:599,911501,845492,787501,267497,886530,441551,150

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
Revenues195,650151,184149,387147,079124,464138,525129,790
Cost of revenue(59,555)(48,309)(43,138)(42,174)(39,965)(41,293)(41,189)
Gross profit:136,095102,875106,249104,90584,49997,23288,601
Operating expenses(128,276)(62,128)(58,745)(62,053)(59,143)(57,209)(53,734)
Other undisclosed operating income2,6389531,7391,880   
Operating income:10,45741,70049,24344,73225,35640,02334,867
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:16,0256,8548,615(526)5,27027,87122,781
Other undisclosed income from continuing operations before income taxes     501 
Income (loss) from continuing operations before income taxes:16,0256,8548,615(526)5,27028,37222,781
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)18,00013,739
Net income (loss) attributable to noncontrolling interest32903104(109)   
Net income (loss) available to common stockholders, diluted:11,063(1,235)(3,367)(10,906)(13,436)18,00013,739

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)18,00013,739
Other comprehensive income (loss)1,455(1,395)(2,000)683   
Comprehensive income (loss):12,486(3,533)(5,471)(10,114)(13,436)18,00013,739
Comprehensive income (loss), net of tax, attributable to noncontrolling interest32903104(109)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    955124(21)
Comprehensive income (loss), net of tax, attributable to parent:12,518(2,630)(5,367)(10,223)(12,481)18,12413,718

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.

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