Meredith Corporation (MDP) financial statements (2022 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)

9/30/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2401324543822
Cash and cash equivalents 2401324543822
Receivables 501462609542289
Inventory, net of allowances, customer advances and progress billings 2934634422
Inventory 2934634422
Capitalized contract cost 226213242
Disposal group, including discontinued operation   321713 
Other current assets 116436311419
Other undisclosed current assets   7128153
Total current assets: 1,1128851,3501,979505
Noncurrent Assets
Operating lease, right-of-use asset 371405
Property, plant and equipment 884883450484190
Intangible assets, net (including goodwill) 3,2763,3673,7933,9211,863
Goodwill 1,7191,7191,9791,916907
Intangible assets, net (excluding goodwill) 1,5571,6481,8142,005956
Capitalized contract cost, net 180222274
Deferred costs    86
Other noncurrent assets 26623226426370
Other undisclosed noncurrent assets (523)(483)67296
Total noncurrent assets: 4,4544,6254,7874,7482,224
TOTAL ASSETS: 5,5665,5106,1376,7272,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 423289543605184
Accounts payable 18512124319567
Accrued liabilities 238168301410117
Deferred revenue 396403
Debt 45 1863
Restructuring reserve 410   
Disposal group, including discontinued operation   252198 
Deferred revenue and credits360204
Other undisclosed current liabilities 322446699
Total current liabilities: 8607321,2611,190460
Noncurrent Liabilities
Long-term debt and lease obligation 2,7422,9852,3333,118636
Long-term debt, excluding current maturities 2,7422,9822,3333,118636
Finance lease, liability  3
Liabilities, other than long-term debt 880942532357616
Deferred revenue and credits124107
Deferred revenue 219268
Contract with customer, liability319
Deferred tax liabilities, net  385
Deferred income tax liabilities 462464
Restructuring reserve  01816 
Other liabilities 199210195217125
Other undisclosed noncurrent liabilities 43246349744222
Total noncurrent liabilities: 4,0544,3903,3613,9171,274
Total liabilities: 4,9145,1224,6225,1071,734
Temporary equity, carrying amount   540523 
Stockholders' equity
Stockholders' equity attributable to parent, including: 6523889751,098996
Additional paid in capital 17922821720055
Accumulated other comprehensive income (loss) (78)(82)(46)37(19)
Retained earnings 506198759890916
Other undisclosed stockholders' equity attributable to parent 464545(29)45
Total stockholders' equity: 6523889751,098996
TOTAL LIABILITIES AND EQUITY: 5,5665,5106,1376,7272,730

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

9/30/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues 2,9772,8493,1892,2471,713
Revenue, net2,2471,713
Cost of revenue (1,073)(1,058)(1,254)(1,034)(587)
Gross profit: 1,9041,7901,9351,2141,126
Operating expenses (1,343)(1,884)(1,648)(1,115)(817)
Operating income (loss): 561(94)28799309
Nonoperating income (expense) 11(1)24(12) 
Interest and debt expense (12)(0)(18)(93)(19)
Income (loss) from continuing operations before equity method investments, income taxes: 560(96)293(6)290
Other undisclosed income (loss) from continuing operations before income taxes (167)(146)(152)(4)0
Income (loss) from continuing operations before income taxes: 394(241)141(10)290
Income tax expense (benefit) (87)32(12)124(101)
Income (loss) from continuing operations: 307(209)129114189
Loss from discontinued operations  (25)(83)(15) 
Net income (loss) attributable to parent: 307(234)4699189
Preferred stock dividends and other adjustments  (75)(75)(31) 
Undistributed earnings (loss) allocated to participating securities, basic (15)   
Other undisclosed net loss available to common stockholders, basic  (166)(4)(2) 
Net income (loss) available to common stockholders, diluted: 291(476)(32)66189

Comprehensive Income ($ in millions)

9/30/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income (loss): 307(234)4699189
Comprehensive income (loss): 307(234)4699189
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 4(36)(10)(14)9
Comprehensive income (loss), net of tax, attributable to parent: 311(270)3786198

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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