Meredith Corporation (MDP) financial statements (2021 and earlier)

Company profile

Business Address 1716 LOCUST ST
DES MOINES, IA 50309
State of Incorp. IA
Fiscal Year End June 30
SIC 2721 - Periodicals: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2145438222523
Cash and cash equivalents2145438222523
Receivables617609542289274285
Inventory, net of allowances, customer advances and progress billings506344222125
Inventory506344222125
Capitalized contract cost256242
Disposal group, including discontinued operation52321713   
Other current assets6863114192424
Other undisclosed current assets 7128153138127
Total current assets:1,0621,3501,979505481483
Noncurrent Assets
Operating lease, right-of-use asset488
Property, plant and equipment442450484190191214
Intangible assets, net (including goodwill)3,7243,7933,9211,8631,7971,974
Goodwill1,9701,9791,9169078831,001
Intangible assets, net (excluding goodwill)1,7541,8142,005956914972
Capitalized contract cost, net242274
Deferred costs  8666
Other noncurrent assets275264263705968
Other undisclosed noncurrent assets 6729695100
Total noncurrent assets:5,1714,7874,7482,2242,1472,361
TOTAL ASSETS:6,2336,1376,7272,7302,6282,843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities424543605184199258
Accounts payable149243195678294
Accrued liabilities275301410117117164
Deferred revenue428
Debt1 18637563
Restructuring reserve21     
Disposal group, including discontinued operation2252198   
Deferred revenue and credits360204199206
Other liabilities     79
Other undisclosed current liabilities13466995(75)
Total current liabilities:8891,2611,190460478531
Noncurrent Liabilities
Long-term debt and lease obligation2,8402,3333,118636620733
Long-term debt, excluding current maturities2,3562,3333,118636620733
Operating lease, liability484
Liabilities, other than long-term debt1,025532357616636625
Deferred revenue and credits124107129151
Deferred revenue299
Contract with customer, liability319
Deferred tax liabilities, net  385336312
Deferred income tax liabilities520
Restructuring reserve 1816   
Other liabilities206195217125171162
Other undisclosed noncurrent liabilities 4974422263
Total noncurrent liabilities:3,8653,3613,9171,2741,2611,360
Total liabilities:4,7544,6225,1071,7341,7391,891
Temporary equity, carrying amount549540523   
Stockholders' equity
Stockholders' equity attributable to parent, including:9309751,098996889952
Additional paid in capital223217200555449
Accumulated other comprehensive income (loss)(41)(46)37(19)(29)(13)
Retained earnings703759890916819871
Other undisclosed stockholders' equity attributable to parent4545(29)454545
Total stockholders' equity:9309751,098996889952
TOTAL LIABILITIES AND EQUITY:6,2336,1376,7272,7302,6282,843

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues3,0873,1892,2471,7131,6501,594
Revenue, net2,2471,7131,6501,594
Cost of revenue(1,172)(1,254)(1,034)(587)(557)(596)
Gross profit:1,9151,9351,2141,1261,092998
Operating expenses(1,636)(1,648)(1,115)(817)(962)(756)
Operating income:27828799309131242
Nonoperating income (expense)1224(12)   
Interest and debt expense(3)(18)(93)(19)(20)(19)
Income (loss) from continuing operations before equity method investments, income taxes:288293(6)290111224
Other undisclosed income (loss) from continuing operations before income taxes(152)(152)(4)0(1)(1)
Income (loss) from continuing operations before income taxes:136141(10)290110223
Income tax expense (benefit)(36)(12)124(101)(76)(86)
Income from continuing operations:10012911418934137
Loss from discontinued operations(46)(83)(15)   
Net income attributable to parent:55469918934137
Preferred stock dividends and other adjustments(75)(75)(31)   
Other undisclosed net loss available to common stockholders, basic(4)(4)(2)   
Net income (loss) available to common stockholders, basic:(24)(32)6618934137
Other undisclosed net income available to common stockholders, diluted1     
Net income (loss) available to common stockholders, diluted:(23)(32)6618934137

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:55469918934137
Comprehensive income:55469918934137
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(10)(14)9(16)(4)
Comprehensive income, net of tax, attributable to parent:55378619818133

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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