E.W. Scripps Company (The) (SSP) Financial Statements (2024 and earlier)

Company Profile

Business Address 312 WALNUT STREET
CININNATI, OH 45202
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 4833 - Television Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,02766,223576,021  148,699
Cash and cash equivalents18,02766,223576,021  148,699
Restricted cash and investments  34,257    
Receivables600,098572,525429,017413,567281,330245,365
Asset, held-for-sale, not part of disposal group      136,004
Other current assets25,81628,50326,78441,07428,89921,998
Other undisclosed current assets  7731,062,363122,803165,37253,468
Total current assets:643,941702,2812,094,185577,444475,601605,534
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization28,252   
Operating lease, right-of-use asset117,869124,82151,471 
Property, plant and equipment  456,945343,920375,904237,927209,995
Long-term investments and receivables23,14421,63214,4048,5537,1627,699
Long-term investments23,14421,63214,4048,5537,1627,699
Intangible assets, net (including goodwill)4,741,8284,823,6952,178,6562,333,6461,312,9661,181,924
Goodwill2,920,5742,913,3841,203,2121,271,855834,013755,949
Intangible assets, net (excluding goodwill)1,821,2541,910,311975,4441,061,791478,953425,975
Other noncurrent assets17,66118,62438,04919,10816,51519,051
Other undisclosed noncurrent assets858,310510,316138,701246,69879,890105,345
Total noncurrent assets:5,787,0645,956,0332,765,2012,983,9091,654,4601,524,014
TOTAL ASSETS:6,431,0056,658,3144,859,3863,561,3532,130,0612,129,548
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211,278238,116225,374136,830117,960109,982
Interest and dividends payable34,97316,51415,352  
Employee-related liabilities68,54555,13345,70144,92941,939
Accounts payable82,71083,93168,13929,15326,91923,647
Accrued liabilities128,56850,66785,58846,62446,11244,396
Deferred revenue    
Debt19,03818,61210,61210,6123,0005,656
Program rights obligations167,131180,26972,74396,68240,30158,176
Deferred revenue and credits7,353
Other liabilities69,80154,88335,62643,67825,33910,085
Other undisclosed current liabilities 17,75720,00014,10111,67811,45919,536
Total current liabilities:485,005511,880358,456299,480198,059210,788
Noncurrent Liabilities
Long-term debt and lease obligation2,853,7933,243,2852,965,4561,904,418685,764687,619
Long-term debt, excluding current maturities2,853,7933,129,3932,923,3591,904,418685,764687,619
Liabilities, other than long-term debt961,382932,715372,209335,781320,073293,656
Deferred tax liabilities, net19,83325,531 
Deferred income tax liabilities370,457356,77785,844 
Other liabilities484,059575,938286,365315,948294,542293,656
Operating lease, liability106,866113,89242,097 
Other undisclosed noncurrent liabilities    123,739  
Total noncurrent liabilities:3,815,1754,176,0003,337,6652,363,9381,005,837981,275
Total liabilities:4,300,1804,687,8803,696,1212,663,4181,203,8961,192,063
Equity
Equity, attributable to parent1,717,7451,559,6691,163,265897,935926,165936,853
Common stock   817810807816
Additional paid in capital1,444,5011,428,4601,130,7891,117,0951,106,9841,129,020
Accumulated other comprehensive loss(77,471)(73,909)(100,119)(98,989)(95,397)(102,922)
Retained earnings (accumulated deficit)350,715205,118131,778(120,981)(86,229)(90,061)
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest      632
Other undisclosed equity 413,080410,765    
Total equity:2,130,8251,970,4341,163,265897,935926,165937,485
TOTAL LIABILITIES AND EQUITY:6,431,0056,658,3144,859,3863,561,3532,130,0612,129,548

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,453,2152,283,5321,857,4781,423,8361,208,425864,834
Revenue, net864,834
Cost of revenue (1,293,938)(1,237,330)    
Cost of goods and services sold (1,233,769)(1,106,226)    
Other undisclosed gross profit      
Gross profit:1,159,2771,046,2021,857,4781,423,8361,208,425864,834
Operating expenses(730,933)(645,457)(1,446,835)(1,271,313)(1,014,479)(774,662)
Other undisclosed operating loss   (107,155)(86,986)(63,987)(92,075)
Operating income (loss):428,344400,745303,48865,537129,959(1,903)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,953)(15,469)2,9141,13715210,636
Interest and debt expense(152,541)(180,511)(92,994)(80,596)(36,184)(26,697)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (4,388)(6,953)(19,752)(14,112)
Income (loss) from continuing operations before equity method investments, income taxes:273,850204,765209,020(20,875)74,175(32,076)
Other undisclosed income (loss) from continuing operations before income taxes2,613(17,677)    
Income (loss) from continuing operations before income taxes:276,463187,088209,020(20,875)74,175(32,076)
Income tax expense (benefit)(80,561)(71,189)(55,456)2,497(18,098)20,054
Income (loss) from continuing operations:195,902115,899153,564(18,378)56,077(12,022)
Income (loss) before gain (loss) on sale of properties:122,712269,333(18,378)56,077(12,022)
Income from discontinued operations  6,813115,769   
Other undisclosed net loss     (36,328) 
Net income (loss):195,902122,712269,333(18,378)19,749(12,022)
Net income attributable to noncontrolling interest     6321,511
Net income (loss) attributable to parent:195,902122,712269,333(18,378)20,381(10,511)
Preferred stock dividends and other adjustments(50,305)(49,372)    
Undistributed earnings (loss) allocated to participating securities, basic      
Other undisclosed net loss available to common stockholders, basic      (2,595)
Net income (loss) available to common stockholders, basic:145,59773,340269,333(18,378)20,381(13,106)
Other undisclosed net income (loss) available to common stockholders, diluted   (119,480) 35,420 
Net income (loss) available to common stockholders, diluted:145,59773,340149,853(18,378)55,801(13,106)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):195,902122,712269,333(18,378)19,749(12,022)
Other comprehensive income (loss)(3,562)26,210(1,130)(3,592)7,5259,795
Other undisclosed comprehensive loss     (2,595)
Comprehensive income (loss):192,340148,922268,203(21,970)27,274(4,822)
Comprehensive income, net of tax, attributable to noncontrolling interest     6321,511
Comprehensive income (loss), net of tax, attributable to parent:192,340148,922268,203(21,970)27,906(3,311)

Statements Sources

The financial statements are based on the Company's filings with 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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