E.W. Scripps Company (The) (SSP) financial statements (2020 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)

12/31/2019
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 investments  149134108158221
Cash and cash equivalents  149134108158221
Restricted cash and investments    7  
Receivables414281245193177137140
Inventory, net of allowances, customer advances and progress billings     67
Inventory     67
Assets held-for-sale, not part of disposal group  136  
Prepaid expense and other current assets8
Income taxes receivable0
Other current assets41292219118 
Other undisclosed current assets12316553  2026
Total current assets:577476606346303329402
Noncurrent Assets
Property, plant and equipment376238210261271343354
Long-term investments and receivables97814141017
Long-term investments97814141017
Intangible assets, net (including goodwill)2,3341,3131,1821,0851,065296166
Goodwill1,27283475661758610628
Intangible assets, net (excluding goodwill)1,062479426468479189138
Other noncurrent assets191719141518 
Prepaid expense and other noncurrent assets19
Other undisclosed noncurrent assets24780105914389
Total noncurrent assets:2,9841,6541,5241,3821,378704564
TOTAL ASSETS:3,5612,1302,1301,7281,6811,033966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13711811078915444
Accounts payable29272427322117
Accrued liabilities4746441925  
Employee-related liabilities46454233343327
Interest and dividends payable15      
Debt11367722
Program rights obligations974058    
Deferred revenue and credits7793029
Other liabilities44251012141010
Other undisclosed current liabilities121120  3829
Total current liabilities:299198211104120135113
Noncurrent Liabilities
Long-term debt and lease obligation1,904686688387392196198
Long-term debt, excluding current maturities1,904686688387392196198
Liabilities, other than long-term debt336320294292268329180
Pension and other postretirement defined benefit plans, liabilities14062
Deferred tax liabilities, net2026 18   
Liability for uncertainty in income taxes     711
Other liabilities316295294274268182107
Other undisclosed noncurrent liabilities124    (147)(73)
Total noncurrent liabilities:2,3641,006981678660378305
Total liabilities:2,6631,2041,192782780513418
Stockholders' equity
Stockholders' equity attributable to parent898926937946901518546
Common stock1111111
Additional paid in capital1,1171,1071,1291,1331,164525509
Accumulated other comprehensive loss(99)(95)(103)(93)(90)(126)(81)
Retained earnings (accumulated deficit)(121)(86)(90)(94)(174)119117
Stockholders' equity attributable to noncontrolling interest  1  22
Total stockholders' equity:898926937946901520548
TOTAL LIABILITIES AND EQUITY:3,5612,1302,1301,7281,6811,033966

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
Revenue, net865943716869817
Gross profit:1,4241,208865943716869817
Operating expenses(1,271)(1,014)(775)(758)(722)(1,208)(1,147)
Other undisclosed operating income (loss)(87)(64)(92)(59)(77)368343
Operating income (loss):66130(2)127(83)2914
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1011(3)(1)(8)(12)
Interest and debt expense(81)(36)(27)(18)(15)(8)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7)(20)(14)    
Income (loss) from continuing operations before income taxes:(21)74(32)106(99)12(9)
Income tax expense (benefit)2(18)20(39)33(2)8
Income (loss) before gain (loss) on sale of properties:(18)56(12)67(67)10(1)
Other undisclosed net loss (36)  (16)  
Net income (loss):(18)20(12)67(82)10(1)
Net income attributable to noncontrolling interest 12  00
Net income (loss) attributable to parent:(18)20(11)67(82)11(0)
Other undisclosed net income (loss) available to common stockholders, basic  (3)(1) (0)1
Net income (loss) available to common stockholders, basic:(18)20(13)66(82)100
Other undisclosed net income available to common stockholders, diluted 35     
Net income (loss) available to common stockholders, diluted:(18)56(13)66(82)100

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):(18)20(12)67(82)10(1)
Other comprehensive income (loss)(4)810(4)34(46)36
Other undisclosed comprehensive loss  (3)    
Comprehensive income (loss):(22)27(5)64(48)(35)35
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 12  (0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent     11
Comprehensive income (loss), net of tax, attributable to parent:(22)28(3)64(48)(35)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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