Tribune Publishing Company (TPCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 160 N. STETSON AVENUE
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2021
MRQ
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 investments 98,86260,96397,560189,653198,34940,832
Cash and cash equivalents 98,86260,96397,560189,653198,34940,832
Receivables 73,866112,754145,463180,679195,519240,813
Inventory, net of allowances, customer advances and progress billings 4,0554,8209,58710,79810,95013,688
Inventory 4,0554,8209,58710,79810,95013,688
Prepaid expense 18,34415,11418,19722,38912,87912,845
Disposal group, including discontinued operation 111,239     
Other current assets    3,1865,9843,979
Total current assets: 306,366193,651270,807406,705423,681312,157
Noncurrent Assets
Operating lease, right-of-use asset 36,70599,480
Property, plant and equipment 286,572349,170144,963107,04067,866144,539
Long-term investments and receivables 11,354    3,677
Long-term investments 11,354    3,677
Intangible assets, net (including goodwill), including: 78,294186,840236,492289,878309,195257,854
Goodwill 28,146117,675132,146121,907122,469123,992
Intangible assets, net (excluding goodwill) 50,14869,16577,229125,178132,161133,862
Other undisclosed intangible assets, net (including goodwill)   27,11742,79354,565 
Restricted cash and investments      17,003
Deferred income tax assets 11,2946,911
Other noncurrent assets 8,38813,45728,00431,59924,04716,196
Deferred tax assets, net   81,540
Other undisclosed noncurrent assets (190,819)(167,231)46,36129,91163,977 
Total noncurrent assets: 241,788488,627455,820458,428465,085520,809
TOTAL ASSETS: 548,154682,278726,627865,133888,766832,966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 61,51782,787131,556142,126142,459178,598
Employee-related liabilities 33,49536,30561,00163,76172,31197,717
Accounts payable 28,02246,48270,55578,36570,14880,881
Deferred revenue 34,62042,773
Debt  10540521,85721,61721,826
Disposal group, including discontinued operation 4,759 6,249   
Deferred revenue and credits76,35382,77881,682
Contract with customer, liability51,114
Other liabilities 23,32924,31721,20320,56818,03331,324
Other undisclosed current liabilities 23,91425,380    
Total current liabilities: 148,139175,362210,527260,904264,887313,430
Noncurrent Liabilities
Long-term debt and lease obligation, including: 49,1826,8576,799331,881349,128367,847
Long-term debt, excluding current maturities   6,799331,881349,128367,847
Other undisclosed long-term debt and lease obligation  (91,990)    
Liabilities, other than long-term debt 49,43152,88596,233203,186166,870166,087
Deferred revenue and credits5,1424,9386,960
Accounts payable and accrued liabilities 20,12024,19230,606   
Deferred revenue 1,9212,504
Contract with customer, liability2,856
Deferred rent credit   25,424
Liability, pension and other postretirement and postemployment benefits 16,80320,33820,150113,593101,674109,159
Other liabilities 10,5875,85117,19784,45160,25849,968
Operating lease, liability 49,18298,847
Other undisclosed noncurrent liabilities  98,847    
Total noncurrent liabilities: 98,613158,589103,032535,067515,998533,934
Total liabilities: 246,752333,951313,559795,971780,885847,364
Temporary equity, carrying amount  63,50139,756   
Equity
Equity, attributable to parent, including: 266,023284,826373,31269,162107,881(14,398)
Common stock 385380376376365264
Additional paid in capital 181,839177,957166,668150,229139,62319,251
Accumulated other comprehensive income (loss) (2,692)(2,352)27(13,527)(8,814)(3,906)
Retained earnings (accumulated deficit) 86,491135,001232,401(16,390)(21,925)(28,639)
Other undisclosed equity, attributable to parent  (26,160)(26,160)(51,526)(1,368)(1,368)
Equity, attributable to noncontrolling interest 61,539     
Other undisclosed equity (26,160)     
Total equity: 301,402284,826373,31269,162107,881(14,398)
TOTAL LIABILITIES AND EQUITY: 548,154682,278726,627865,133888,766832,966

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

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 746,250983,1491,030,6691,524,0181,606,378 
Cost of revenue (349,437)(444,554)(473,416)(151,036)(161,405) 
Cost of goods and services sold (33,777)(56,785)(66,134)(94,340)(103,906) 
Gross profit: 396,813538,595557,2531,372,9821,444,973 
Operating expenses (463,337)(531,438)(603,465)(1,306,393)(1,391,860)(118,329)
Operating income (loss): (66,524)7,157(46,212)66,58953,113(118,329)
Nonoperating income
(Other Nonoperating income)
 1,3684514,513   
Interest and debt expense (134)(114)(7,666)   
Income (loss) from continuing operations before equity method investments, income taxes: (65,290)7,088(39,365)66,58953,113(118,329)
Income (loss) from equity method investments (817)(2,988)(1,868)3,139(690)(1,200)
Other undisclosed income (loss) from continuing operations before income taxes (639)613(11,353)(32,512)(26,962) 
Income (loss) from continuing operations before income taxes: (66,746)4,713(52,586)37,21625,461(119,529)
Income tax expense (benefit) 19,930(1,620)12,723(31,681)(18,924) 
Income (loss) from continuing operations: (46,816)3,093(39,863)5,5356,537(119,529)
Income (loss) before gain (loss) on sale of properties:(31,496)(244)249,6475,5356,537(119,529)
Income (loss) from discontinued operations 15,320(3,337)289,510   
Net income (loss): (31,496)(244)249,6475,5356,537(119,529)
Net loss attributable to noncontrolling interest  (4,825)(856)   
Other undisclosed net loss attributable to parent (7,516)     
Net income (loss) available to common stockholders, diluted: (39,012)(5,069)248,7915,5356,537(119,529)

Comprehensive Income ($ in thousands)

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (31,496)(244)249,6475,5356,537(119,529)
Other comprehensive income (loss) (91)(869)2,757(1,677)(2,835) 
Other undisclosed comprehensive income (loss) (249)(1,510)10,797   
Comprehensive income (loss): (31,836)(2,623)263,2013,8583,702(119,529)
Comprehensive loss, net of tax, attributable to noncontrolling interest (7,516)(4,825)(856)   
Other undisclosed comprehensive loss, net of tax, attributable to parent    (3,036)(2,073) 
Comprehensive income (loss), net of tax, attributable to parent: (39,352)(7,448)262,3458221,629(119,529)

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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