E.W. Scripps Company (The) (SSP) financial statements (2021 and earlier)

Company profile

Business Address 312 WALNUT STREET
CININNATI, OH 45202
State of Incorp. OH
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments576  149134108158
Cash and cash equivalents576  149134108158
Restricted cash and investments     7 
Receivables429414281245193177137
Inventory, net of allowances, customer advances and progress billings      6
Inventory      6
Assets held-for-sale, not part of disposal group   136  
Other current assets2741292219118
Other undisclosed current assets1,06212316553  20
Total current assets:2,094577476606346303329
Noncurrent Assets
Operating lease, right-of-use asset51 
Property, plant and equipment344376238210261271343
Long-term investments and receivables14978141410
Long-term investments14978141410
Intangible assets, net (including goodwill)2,1792,3341,3131,1821,0851,065296
Goodwill1,2031,272834756617586106
Intangible assets, net (excluding goodwill)9751,062479426468479189
Other noncurrent assets38191719141518
Other undisclosed noncurrent assets1392478010591438
Total noncurrent assets:2,7652,9841,6541,5241,3821,378704
TOTAL ASSETS:4,8593,5612,1302,1301,7281,6811,033
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities225137118110789154
Accounts payable68292724273221
Accrued liabilities864746441925 
Employee-related liabilities55464542333433
Interest and dividends payable1715     
Debt111136772
Program rights obligations73974058   
Deferred revenue and credits77930
Other liabilities36442510121410
Other undisclosed current liabilities14121120  38
Total current liabilities:358299198211104120135
Noncurrent Liabilities
Long-term debt and lease obligation2,9651,904686688387392196
Long-term debt, excluding current maturities2,9231,904686688387392196
Operating lease, liability42 
Liabilities, other than long-term debt372336320294292268329
Pension and other postretirement defined benefit plans, liabilities140
Deferred tax liabilities, net2026 18  
Deferred income tax liabilities86 
Liability for uncertainty in income taxes      7
Other liabilities286316295294274268182
Other undisclosed noncurrent liabilities 124    (147)
Total noncurrent liabilities:3,3382,3641,006981678660378
Total liabilities:3,6962,6631,2041,192782780513
Stockholders' equity
Stockholders' equity attributable to parent1,163898926937946901518
Common stock1111111
Additional paid in capital1,1311,1171,1071,1291,1331,164525
Accumulated other comprehensive loss(100)(99)(95)(103)(93)(90)(126)
Retained earnings (accumulated deficit)132(121)(86)(90)(94)(174)119
Stockholders' equity attributable to noncontrolling interest   1  2
Total stockholders' equity:1,163898926937946901520
TOTAL LIABILITIES AND EQUITY:4,8593,5612,1302,1301,7281,6811,033

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net865943716869
Gross profit:1,8571,4241,208865943716869
Operating expenses(1,447)(1,271)(1,014)(775)(758)(722)(1,208)
Other undisclosed operating income (loss)(107)(87)(64)(92)(59)(77)368
Operating income (loss):30366130(2)127(83)29
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
31011(3)(1)(8)
Interest and debt expense(93)(81)(36)(27)(18)(15)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4)(7)(20)(14)   
Income (loss) from continuing operations before income taxes:209(21)74(32)106(99)12
Income tax expense (benefit)(55)2(18)20(39)33(2)
Income (loss) from continuing operations:154(18)56(12)67(67)10
Income from discontinued operations116      
Income (loss) before gain (loss) on sale of properties:269(18)56(12)67(67)10
Other undisclosed net loss  (36)  (16) 
Net income (loss):269(18)20(12)67(82)10
Net income attributable to noncontrolling interest  12  0
Net income (loss) attributable to parent:269(18)20(11)67(82)11
Other undisclosed net loss available to common stockholders, basic   (3)(1) (0)
Net income (loss) available to common stockholders, basic:269(18)20(13)66(82)10
Other undisclosed net income (loss) available to common stockholders, diluted(119) 35    
Net income (loss) available to common stockholders, diluted:150(18)56(13)66(82)10

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):269(18)20(12)67(82)10
Other comprehensive income (loss)(1)(4)810(4)34(46)
Other undisclosed comprehensive loss   (3)   
Comprehensive income (loss):268(22)27(5)64(48)(35)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  12  (0)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:268(22)28(3)64(48)(35)

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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