New Media Investment Group Inc. (NEWM) financial statements (2020 and earlier)

Company profile

Business Address 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
State of Incorp.
Fiscal Year End December 31
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1564943172147
Cash and cash equivalents1564943172147
Restricted cash and investments224337
Receivables439(8)(6)(5)(4)
Inventory, net of allowances, customer advances and progress billings5525191816
Inventory5525191816
Prepaid expense 24231915
Other current assets 22232012
Other undisclosed current assets108182158144141
Total current assets:779298263370332
Noncurrent Assets
Operating lease, right-of-use asset309
Property, plant and equipment816340373381385
Intangible assets, net (including goodwill), including:1,927427339323257
Goodwill914311237228171
Intangible assets, net (excluding goodwill)1,013   304
Other undisclosed intangible assets, net (including goodwill) 11610395(218)
Deferred income tax assets76
Other noncurrent assets11310756
Other undisclosed noncurrent assets 370301257218
Total noncurrent assets:3,2411,1461,020966865
TOTAL ASSETS:4,0201,4441,2841,3361,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities340130113103109
Accounts payable 17162010
Accrued liabilities307114978399
Employee-related liabilities33    
Deferred revenue219
Debt3123144
Deferred revenue and credits887862
Other liabilities43   1
Other undisclosed current liabilities114105   
Total current liabilities:718248204196176
Noncurrent Liabilities
Long-term debt and lease obligation1,934428357339350
Long-term debt, excluding current maturities1,636428357339350
Operating lease, liability298
Liabilities, other than long-term debt38141403924
Deferred tax liabilities, net   4
Deferred income tax liabilities9
Liability, pension and other postretirement and postemployment benefits23624252611
Other liabilities1361615139
Other undisclosed noncurrent liabilities3888 
Total noncurrent liabilities:2,318477405385375
Total liabilities:3,037725609581550
Temporary equity, carrying amount22   
Stockholders' equity
Stockholders' equity attributable to parent981717674755647
Common stock11110
Treasury stock, value(3)(2)(1)(0) 
Additional paid in capital1,091722683743605
Accumulated other comprehensive income (loss)8(7)(5)(4)(3)
Retained earnings (accumulated deficit)(116)4(3)1645
Total stockholders' equity:981717674755647
TOTAL LIABILITIES AND EQUITY:4,0201,4441,2841,3361,197

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,8681,5261,3421,255 
Revenue, net1,3421,255 
Cost of revenue(1,199)    
Cost of goods and services sold(1,080)    
Gross profit:6691,5261,3421,255 
Operating expenses(816)(1,371)(1,191)(1,114)(9)
Other undisclosed operating loss (97)(116)(80) 
Operating income (loss):(147)583561(9)
Nonoperating income (expense)(60)10(2) 
Other nonoperating income (expense)1010(2) 
Interest and debt expense(6)(39)(35)(30) 
Income (loss) from continuing operations before equity method investments, income taxes:(213)20(0)29(9)
Other undisclosed income from continuing operations before income taxes6    
Income (loss) from continuing operations before income taxes:(207)20(0)29(9)
Income tax expense (benefit)86(2)(0)2 
Net income (loss):(121)18(1)32(9)
Net income attributable to noncontrolling interest10   
Net income (loss) available to common stockholders, diluted:(120)18(1)32(9)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(121)18(1)32(9)
Other comprehensive income (loss)15(1)(1)(1) 
Comprehensive income (loss):(106)17(2)31(9)
Comprehensive income, net of tax, attributable to noncontrolling interest10   
Comprehensive income (loss), net of tax, attributable to parent:(105)17(2)31(9)

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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