Spanish Broadcasting System Inc (SBSAA) financial statements (2022 and earlier)

Company profile

Business Address PABLO RAUL ALARCON MEDIA CENTER
MIAMI, FL 33166
State of Incorp. DE
Fiscal Year End December 31
SIC 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,85622,46816,14123,83519,44323,99123,566
Cash and cash equivalents20,85622,46816,14123,83519,44323,99123,566
Receivables39,46931,55130,80532,47733,21525,38929,921
Prepaid expense2,5113,4321,884    
Disposal group, including discontinued operation12,474      
Other current assets5964491,010    
Other undisclosed current assets4,3683,5995,1616,5975,3183,9282,778
Total current assets:80,27461,49955,00162,90957,97653,30856,265
Noncurrent Assets
Operating lease, right-of-use asset17,978
Property, plant and equipment23,02222,41423,46426,40630,46032,38235,420
Intangible assets, net (including goodwill)344,088355,759356,339359,583355,170359,061355,033
Goodwill32,80632,80632,80632,80632,80632,80632,806
Intangible assets, net (excluding goodwill)311,282322,953323,533326,777322,364326,255322,227
Disposal group, including discontinued operation, noncurrent assets  409 2,794 
Deferred costs    (13,080)(9,706) 
Other noncurrent assets3,6824,6406913845317281,218
Deferred tax assets, net   1,758  
Other undisclosed noncurrent assets   1,60816,13516,04013,812
Total noncurrent assets:388,770382,813380,903387,981393,768398,505405,483
TOTAL ASSETS:469,044444,312435,904450,890451,744451,813461,748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,33320,37018,76312,73316,55216,49519,593
Accounts payable2,0501,9132,7621,7742,7791,920 
Accrued liabilities7,1526,9088,7114,6165,6613,997 
Taxes payable   97 1,7681,980
Interest and dividends payable1,5131,5131,797 7,1947,202 
Other undisclosed accounts payable and accrued liabilities9,61810,0365,4936,2469181,60817,613
Deferred revenue991
Debt250,812249,864260,274277,8493063363,004
Due to related parties     1,600 
Disposal group, including discontinued operation1,510      
Deferred revenue and credits7151,325796449512
Contract with customer, liability798
Other liabilities 911430269497
Other undisclosed current liabilities186,562176,828167,378163,138153,308141,982133,917
Total current liabilities:460,208447,869447,141455,049170,992161,131157,523
Noncurrent Liabilities
Long-term debt and lease obligation17,538   277,007275,579274,396
Long-term debt, excluding current maturities    277,007275,579274,396
Operating lease, liability17,538
Liabilities, other than long-term debt4,38775,82284,677109,958102,29389,30884,278
Deferred tax liabilities, net72,22481,271106,98699,06688,80683,172
Disposal group, including discontinued operation, liabilities1,510      
Other liabilities2,8773,5983,4062,9553,00794504
Derivative instruments and hedges, liabilities   17220408602
Other undisclosed noncurrent liabilities67,208      
Total noncurrent liabilities:89,13375,82284,677109,958379,300364,887358,674
Total liabilities:549,341523,691531,818565,007550,292526,018516,197
Stockholders' equity
Stockholders' equity attributable to parent, including:(80,297)(79,379)(95,914)(114,117)(98,548)(74,205)(54,449)
Additional paid in capital526,201526,191526,147525,999525,344525,335525,334
Accumulated other comprehensive loss   (102)(220)(408)(602)
Accumulated deficit(606,502)(605,574)(622,065)(640,018)(623,676)(599,136)(579,185)
Other undisclosed stockholders' equity attributable to parent4444444
Total stockholders' equity:(80,297)(79,379)(95,914)(114,117)(98,548)(74,205)(54,449)
TOTAL LIABILITIES AND EQUITY:469,044444,312435,904450,890451,744451,813461,748

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues178,885163,474134,709144,619146,899146,280153,774
Gross profit:178,885163,474134,709144,619146,899146,280153,774
Operating expenses(73,846)(50,618)(48,953)(102,498)(112,599)(112,293)(114,554)
Other undisclosed operating income (loss)(66,408)(61,262)(45,223)48(449)1,357(864)
Operating income:38,63151,59440,53342,16933,85135,34438,356
Nonoperating income
(Investment Income, Nonoperating)
20221313385 
Interest and debt expense(31,245)(31,862)(35,850)(40,162)(39,885)(39,724)(39,715)
Other undisclosed loss from continuing operations before equity method investments, income taxes(9,734)(9,734)(9,733)(9,734)(9,734)(9,734)(89,591)
Income (loss) from continuing operations before income taxes:(2,328)10,020(5,037)(7,714)(15,730)(14,109)(90,950)
Income tax expense (benefit)1,4006,47124,658(8,628)(11,225)(5,842)2,384
Net income (loss) attributable to parent:(928)16,49119,621(16,342)(26,955)(19,951)(88,566)
Other undisclosed net income available to common stockholders, basic      79,704
Net income (loss) available to common stockholders, diluted:(928)16,49119,621(16,342)(26,955)(19,951)(8,862)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(928)16,49119,621(16,342)(26,955)(19,951)(88,566)
Comprehensive income (loss):(928)16,49119,621(16,342)(26,955)(19,951)(88,566)
Other undisclosed comprehensive income, net of tax, attributable to parent  102118188194214
Comprehensive income (loss), net of tax, attributable to parent:(928)16,49119,723(16,224)(26,767)(19,757)(88,352)

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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