Spanish Broadcasting System Inc (SBSA) financial statements (2020 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 millions)

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 investments21221624192424
Cash and cash equivalents21221624192424
Receivables39323132332530
Prepaid expense332    
Disposal group, including discontinued operation12      
Other current assets101    
Other undisclosed current assets4457543
Total current assets:80615563585356
Noncurrent Assets
Operating lease, right-of-use asset18
Property, plant and equipment23222326303235
Intangible assets, net (including goodwill)344356356360355359355
Goodwill33333333333333
Intangible assets, net (excluding goodwill)311323324327322326322
Disposal group, including discontinued operation, noncurrent assets  0 3 
Deferred costs    (13)(10) 
Other noncurrent assets4510111
Deferred tax assets, net   2  
Other undisclosed noncurrent assets   2161614
Total noncurrent assets:389383381388394399405
TOTAL ASSETS:469444436451452452462
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20201913171620
Accounts payable223232 
Accrued liabilities779564 
Taxes payable   0 22
Interest and dividends payable222 77 
Other undisclosed accounts payable and accrued liabilities1010561218
Deferred revenue1
Debt251250260278003
Due to related parties     2 
Disposal group, including discontinued operation2      
Deferred revenue and credits11101
Contract with customer, liability1
Other liabilities 000000
Other undisclosed current liabilities187177167163153142134
Total current liabilities:460448447455171161158
Noncurrent Liabilities
Long-term debt and lease obligation18   277276274
Long-term debt, excluding current maturities    277276274
Operating lease, liability18
Liabilities, other than long-term debt476851101028984
Deferred tax liabilities, net7281107998983
Disposal group, including discontinued operation, liabilities2      
Other liabilities3433301
Derivative instruments and hedges, liabilities   0001
Other undisclosed noncurrent liabilities67      
Total noncurrent liabilities:897685110379365359
Total liabilities:549524532565550526516
Stockholders' equity
Stockholders' equity attributable to parent, including:(80)(79)(96)(114)(99)(74)(54)
Additional paid in capital526526526526525525525
Accumulated other comprehensive loss   (0)(0)(0)(1)
Accumulated deficit(607)(606)(622)(640)(624)(599)(579)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:(80)(79)(96)(114)(99)(74)(54)
TOTAL LIABILITIES AND EQUITY:469444436451452452462

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Gross profit:179163135145147146154
Operating expenses(74)(51)(49)(102)(113)(112)(115)
Other undisclosed operating income (loss)(66)(61)(45)0(0)1(1)
Operating income:39524142343538
Nonoperating income
(Investment Income, Nonoperating)
000000 
Interest and debt expense(31)(32)(36)(40)(40)(40)(40)
Other undisclosed loss from continuing operations before equity method investments, income taxes(10)(10)(10)(10)(10)(10)(90)
Income (loss) from continuing operations before income taxes:(2)10(5)(8)(16)(14)(91)
Income tax expense (benefit)1625(9)(11)(6)2
Net income (loss) attributable to parent:(1)1620(16)(27)(20)(89)
Other undisclosed net income available to common stockholders, basic      80
Net income (loss) available to common stockholders, diluted:(1)1620(16)(27)(20)(9)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)1620(16)(27)(20)(89)
Comprehensive income (loss):(1)1620(16)(27)(20)(89)
Other undisclosed comprehensive income, net of tax, attributable to parent  00000
Comprehensive income (loss), net of tax, attributable to parent:(1)1620(16)(27)(20)(88)

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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