Lee Enterprises, Incorporated (LEE) financial statements (2022 and earlier)

Company profile

Business Address 4600 E. 53RD STREET
DAVENPORT, IA 52807
State of Incorp. DE
Fiscal Year End September 30
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,58526,11233,7338,6455,38010,62116,984
Cash and cash equivalents18,58526,11233,7338,6455,38010,62116,984
Receivables73,19365,07052,59842,536   
Inventory, net of allowances, customer advances and progress billings6,3406,2977,5343,7695,6843,6164,252
Inventory6,3406,2977,5343,7695,6843,6164,252
Disposal group, including discontinued operation    250  
Other current assets 11,32014,8885,3534,5674,1324,683
Other undisclosed current assets10,193   43,46149,46951,334
Total current assets:108,311108,799108,75360,30359,34267,83877,253
Noncurrent Assets
Operating lease, right-of-use asset62,63265,68270,933 
Property, plant and equipment79,09283,266105,60982,03992,328114,196128,562
Long-term investments and receivables33,58732,74733,87939,42640,17439,13039,204
Long-term investments33,58732,74733,87939,42640,17439,13039,204
Intangible assets, net (including goodwill)481,105486,875511,125357,702365,995382,728402,083
Goodwill330,204330,204328,445250,309246,176246,426243,729
Intangible assets, net (excluding goodwill)150,901156,671182,680107,393119,819136,302158,354
Other noncurrent assets13,11813,63213,6991,3941,4151,56627,961
Defined benefit plan, assets for plan benefits14,063
Other undisclosed noncurrent assets54,00452,55020,05914,33816,15715,392 
Total noncurrent assets:723,538734,752755,304494,899516,069553,012611,873
TOTAL ASSETS:831,849843,551864,057555,202575,411620,850689,126
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71,66065,49661,44136,36434,41941,14545,587
Accounts payable28,01220,42017,16316,75012,74717,02718,143
Accrued liabilities43,64845,07644,27817,71119,64122,42323,884
Taxes payable     183665
Interest and dividends payable   1,9032,0311,5122,895
Deferred revenue61,28161,40460,27121,720
Debt 6,11213,7332,9547,02730,18225,070
Deferred revenue and credits23,89526,88128,361
Other undisclosed current liabilities8,6718,6128,577    
Total current liabilities:141,612141,624144,02261,03865,34198,20899,018
Noncurrent Liabilities
Long-term debt and lease obligation517,117534,187586,931429,391460,777496,379592,097
Long-term debt, excluding current maturities462,554476,504524,557429,391460,777496,379592,097
Operating lease, liability54,56357,68362,374 
Liabilities, other than long-term debt110,015111,042162,73771,79885,553117,476125,552
Accounts payable and accrued liabilities8,8409,17418,0488,7426,5595,4975,016
Deferred tax liabilities, net39,10853,39738,308
Deferred income tax liabilities38,95740,29515,208 
Liability, pension and other postretirement and postemployment benefits37,29133,452115,19949,58729,32548,54165,865
Other liabilities24,92728,12114,28213,46910,56110,04116,363
Other undisclosed noncurrent liabilities   29,806   
Total noncurrent liabilities:627,132645,229749,668530,995546,330613,855717,649
Total liabilities:768,744786,853893,690592,033611,671712,063816,667
Stockholders' equity
Stockholders' equity attributable to parent, including:60,91254,565(31,564)(38,484)(37,354)(92,235)(128,485)
Additional paid in capital257,863258,063256,431255,476253,511251,790249,740
Accumulated other comprehensive income (loss)36,07542,187(20,050)(29,114)(11,746)(16,068)(22,778)
Accumulated deficit(233,086)(245,744)(268,529)(265,423)(279,691)(328,524)(356,005)
Other undisclosed stockholders' equity attributable to parent6059584577572567558
Stockholders' equity attributable to noncontrolling interest2,1932,1331,9311,6531,0941,022944
Total stockholders' equity:63,10556,698(29,633)(36,831)(36,260)(91,213)(127,541)
TOTAL LIABILITIES AND EQUITY:831,849843,551864,057555,202575,411620,850689,126

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues785,115794,649618,004509,854543,955566,943614,364
Revenue, net543,955566,943614,364
Gross profit:785,115794,649618,004509,854543,955566,943614,364
Operating expenses(730,675)(744,505)(571,129)(442,246)(464,681)(482,005)(518,900)
Other undisclosed operating income6,4246,4123,4037,1219,2497,6098,533
Operating income:60,86456,55650,27874,72988,52392,547103,997
Nonoperating expense(32,981)(24,509)(47,435)(50,889)(57,703)(52,331)(45,802)
Net periodic defined benefits expense (reversal of expense), excluding service cost component1,02723,830   
Other nonoperating income (expense)10,0989,29612,2743,81345010,060(6,668)
Interest and debt expense(43,554)(44,773)(47,743)(47,488)(52,842)(57,573)(1,250)
Income (loss) from continuing operations before equity method investments, income taxes:(15,671)(12,726)(44,900)(23,648)(22,022)(17,357)56,945
Income from equity method investments12      
Other undisclosed income from continuing operations before income taxes43,54244,77347,74347,488   
Income (loss) from continuing operations before income taxes:27,88332,0472,84323,840(22,022)(17,357)56,945
Income tax expense (benefit)(6,255)(7,215)(4,104)(7,931)16,228(11,611)(22,176)
Income (loss) before gain (loss) on sale of properties:21,62824,832(1,261)15,909(5,794)(28,968)34,769
Other undisclosed net income    52,84257,5731,250
Net income (loss):21,62824,832(1,261)15,90947,04828,60536,019
Net loss attributable to noncontrolling interest(2,087)(2,047)(1,845)(1,641)(1,282)(1,124)(1,058)
Net income (loss) available to common stockholders, diluted:19,54122,785(3,106)14,26845,76627,48134,961

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):21,62824,832(1,261)15,90947,04828,60536,019
Other comprehensive income (loss)54,98362,2379,064(17,368)4,3226,710(6,503)
Comprehensive income (loss):76,61187,0697,803(1,459)51,37035,31529,516
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,087)(2,047)(1,845)(1,641)(1,282)(1,124)(1,058)
Comprehensive income (loss), net of tax, attributable to parent:74,52485,0225,958(3,100)50,08834,19128,458

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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