E.W. Scripps Company (The) (SSP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66576  149134108
Cash and cash equivalents66576  149134108
Restricted cash and investments34     7
Receivables573429414281245193177
Assets held-for-sale, not part of disposal group    136  
Other current assets29274129221911
Other undisclosed current assets11,06212316553  
Total current assets:7022,094577476606346303
Noncurrent Assets
Operating lease, right-of-use asset12551 
Property, plant and equipment457344376238210261271
Long-term investments and receivables22149781414
Long-term investments22149781414
Intangible assets, net (including goodwill)4,8242,1792,3341,3131,1821,0851,065
Goodwill2,9131,2031,272834756617586
Intangible assets, net (excluding goodwill)1,9109751,062479426468479
Other noncurrent assets19381917191415
Other undisclosed noncurrent assets51013924780105914
Total noncurrent assets:5,9562,7652,9841,6541,5241,3821,378
TOTAL ASSETS:6,6584,8593,5612,1302,1301,7281,681
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2382251371181107891
Accounts payable84682927242732
Accrued liabilities51864746441925
Employee-related liabilities69554645423334
Interest and dividends payable351715    
Debt1911113677
Program rights obligations18073974058  
Deferred revenue and credits779
Other liabilities55364425101214
Other undisclosed current liabilities2014121120  
Total current liabilities:512358299198211104120
Noncurrent Liabilities
Long-term debt and lease obligation3,2432,9651,904686688387392
Long-term debt, excluding current maturities3,1292,9231,904686688387392
Operating lease, liability11442 
Liabilities, other than long-term debt933372336320294292268
Deferred tax liabilities, net2026 18 
Deferred income tax liabilities35786 
Other liabilities576286316295294274268
Other undisclosed noncurrent liabilities  124    
Total noncurrent liabilities:4,1763,3382,3641,006981678660
Total liabilities:4,6883,6962,6631,2041,192782780
Stockholders' equity
Stockholders' equity attributable to parent1,5601,163898926937946901
Common stock 111111
Additional paid in capital1,4281,1311,1171,1071,1291,1331,164
Accumulated other comprehensive loss(74)(100)(99)(95)(103)(93)(90)
Retained earnings (accumulated deficit)205132(121)(86)(90)(94)(174)
Stockholders' equity attributable to noncontrolling interest    1  
Other undisclosed stockholders' equity411      
Total stockholders' equity:1,9701,163898926937946901
TOTAL LIABILITIES AND EQUITY:6,6584,8593,5612,1302,1301,7281,681

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2841,8571,4241,208865943716
Revenue, net865943716
Cost of revenue(1,237)      
Cost of goods and services sold(1,106)      
Gross profit:1,0461,8571,4241,208865943716
Operating expenses(645)(1,447)(1,271)(1,014)(775)(758)(722)
Other undisclosed operating loss (107)(87)(64)(92)(59)(77)
Operating income (loss):40130366130(2)127(83)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(15)31011(3)(1)
Interest and debt expense(181)(93)(81)(36)(27)(18)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes (4)(7)(20)(14)  
Income (loss) from continuing operations before equity method investments, income taxes:205209(21)74(32)106(99)
Other undisclosed loss from continuing operations before income taxes(18)      
Income (loss) from continuing operations before income taxes:187209(21)74(32)106(99)
Income tax expense (benefit)(71)(55)2(18)20(39)33
Income (loss) from continuing operations:116154(18)56(12)67(67)
Income from discontinued operations7116     
Income (loss) before gain (loss) on sale of properties:123269(18)56(12)67(67)
Other undisclosed net loss   (36)  (16)
Net income (loss):123269(18)20(12)67(82)
Net income attributable to noncontrolling interest   12  
Net income (loss) attributable to parent:123269(18)20(11)67(82)
Preferred stock dividends and other adjustments(49)      
Other undisclosed net loss available to common stockholders, basic    (3)(1) 
Net income (loss) available to common stockholders, basic:73269(18)20(13)66(82)
Other undisclosed net income (loss) available to common stockholders, diluted (119) 35   
Net income (loss) available to common stockholders, diluted:73150(18)56(13)66(82)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):123269(18)20(12)67(82)
Other comprehensive income (loss)26(1)(4)810(4)34
Other undisclosed comprehensive loss    (3)  
Comprehensive income (loss):149268(22)27(5)64(48)
Comprehensive income, net of tax, attributable to noncontrolling interest   12  
Comprehensive income (loss), net of tax, attributable to parent:149268(22)28(3)64(48)

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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