Media General Inc (MEG) financial statements (2021 and earlier)

Company profile

Business Address 333 E FRANKLIN ST
RICHMOND, VA 23219
State of Incorp. VA
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41447237
Cash and cash equivalents41447237
Short-term investments00  
Restricted cash and investments 120  
Receivables29826511058
Prepaid expense and other current assets18
Deferred tax assets 568 
Other undisclosed current assets1539141
Total current assets:355525203114
Noncurrent Assets
Property, plant and equipment471495285166
Intangible assets, net (including goodwill)3,5133,644781274
Goodwill1,5451,608541247
Intangible assets, net (excluding goodwill)1,9682,03624027
Other noncurrent assets707935
Prepaid expense and other noncurrent assets45
Deferred tax assets, net (356)43 
Other undisclosed noncurrent assets 356573174
Total noncurrent assets:4,0544,2181,718659
TOTAL ASSETS:4,4084,7431,921773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15317669100
Accounts payable36361212
Accrued liabilities9610343 
Employee-related liabilities21371424
Accounts payable and other accrued liabilities 64
Debt51311 
Liability for uncertainty in income taxes 25  
Disposal group, including discontinued operation   0
Program rights obligations   8
Other undisclosed current liabilities (25) (31)
Total current liabilities:1571888076
Noncurrent Liabilities
Long-term debt and lease obligation2,2452,415907296
Long-term debt, excluding current maturities2,2312,400906296
Capital lease obligations141510
Liabilities, other than long-term debt5336121301
Pension and other postretirement defined benefit plans, liabilities 242
Deferred tax liabilities, net315356 59
Liability, pension and other postretirement and postemployment benefits183211
Other liabilities3538  
Program rights obligations 61 
Other undisclosed noncurrent liabilities (6)198 
Total noncurrent liabilities:2,7793,0211,106597
Total liabilities:2,9363,2091,186673
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4481,499737(176)
Common stock 1,321 139
Additional paid in capital   23
Accumulated other comprehensive income (loss)(31)(36)6(220)
Retained earnings (accumulated deficit)174215161(118)
Other undisclosed stockholders' equity attributable to parent1,305 570 
Stockholders' equity attributable to noncontrolling interest2434(2) 
Other undisclosed stockholders' equity (34)  
Total stockholders' equity:1,4721,499735(176)
Other undisclosed liabilities and equity 34 276
TOTAL LIABILITIES AND EQUITY:4,4084,7431,921773

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenue, net   360
Gross profit:1,305675270360
Operating expenses(400)(261)(96)(98)
Other undisclosed operating loss(823)(299)(140)(175)
Operating income:821153487
Nonoperating expense(117)(6)(17)(113)
Interest and debt expense(4)(49)(17)(62)
Other undisclosed income from continuing operations before equity method investments, income taxes449 62
Income (loss) from continuing operations before income taxes:(35)109(1)(26)
Income tax expense(5)(52)(12)(14)
Income (loss) from continuing operations:(40)57(13)(40)
Loss from discontinued operations   (11)
Income (loss) before gain (loss) on sale of properties:(40)57(13)(51)
Other undisclosed net income  17 
Net income (loss):(40)574(51)
Net income (loss) attributable to noncontrolling interest0(3)2 
Other undisclosed net loss attributable to parent   (142)
Net income (loss) attributable to parent:(39)546(193)
Other undisclosed net loss available to common stockholders, basic (0)(0) 
Net income (loss) available to common stockholders, diluted:(39)536(193)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(40)574(51)
Other comprehensive income (loss)5(42) (35)
Other undisclosed comprehensive income  7 
Comprehensive income (loss):(35)1411(86)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(3)(2) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  4(142)
Comprehensive income (loss), net of tax, attributable to parent:(34)1113(228)

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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