Tribune Publishing Company (TPCO) financial statements (2021 and earlier)

Company profile

Business Address 160 N. STETSON AVENUE
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
SIC 2711 - Newspapers: Publishing, or Publishing and Printing (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61981901984137
Cash and cash equivalents61981901984137
Receivables113145181196241235
Inventory, net of allowances, customer advances and progress billings51011111417
Inventory51011111417
Prepaid expense151822131323
Deferred tax assets    38
Other current assets  3644
Total current assets:194271407424312353
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment34914510768145162
Long-term investments and receivables    43
Long-term investments    43
Intangible assets, net (including goodwill), including:187236290309258129
Goodwill11813212212212442
Intangible assets, net (excluding goodwill)697712513213487
Other undisclosed intangible assets, net (including goodwill) 274355  
Restricted cash and investments    1728
Deferred income tax assets7
Other noncurrent assets132832241611
Deferred tax assets, net   82 
Other undisclosed noncurrent assets(167)463064  
Total noncurrent assets:489456458465521334
TOTAL ASSETS:682727865889833687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83132142142179183
Accounts payable467178708182
Employee-related liabilities3661647298101
Deferred revenue43
Debt0022222218
Disposal group, including discontinued operation 6    
Deferred revenue and credits76838273
Contract with customer, liability51
Other liabilities242121183132
Other undisclosed current liabilities25    (0)
Total current liabilities:175211261265313306
Noncurrent Liabilities
Long-term debt and lease obligation, including:77332349368330
Long-term debt, excluding current maturities 7332349368330
Operating lease, liability99
Other undisclosed long-term debt and lease obligation(92)     
Liabilities, other than long-term debt539620316716645
Deferred revenue and credits5579
Accounts payable and accrued liabilities2431    
Deferred revenue3
Contract with customer, liability3
Deferred rent credit 25
Liability, pension and other postretirement and postemployment benefits202011410210928
Other liabilities6178460508
Other undisclosed noncurrent liabilities99     
Total noncurrent liabilities:159103535516534374
Total liabilities:334314796781847680
Temporary equity, carrying amount6440    
Stockholders' equity
Stockholders' equity attributable to parent, including:28537369108(14)6
Common stock000000
Additional paid in capital178167150140192
Accumulated other comprehensive income (loss)(2)0(14)(9)(4)10
Retained earnings (accumulated deficit)135232(16)(22)(29)(7)
Other undisclosed stockholders' equity attributable to parent(26)(26)(52)(1)(1) 
Total stockholders' equity:28537369108(14)6
TOTAL LIABILITIES AND EQUITY:682727865889833687

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9831,0311,5241,606  
Cost of revenue(445)(473)(151)(161)  
Cost of goods and services sold(57)(66)(94)(104)  
Gross profit:5395571,3731,445  
Operating expenses(531)(603)(1,306)(1,392)(118)(100)
Operating income (loss):7(46)6753(118)(100)
Nonoperating income
(Other Nonoperating income)
015    
Interest and debt expense(0)(8)    
Income (loss) from continuing operations before equity method investments, income taxes:7(39)6753(118)(100)
Income (loss) from equity method investments(3)(2)3(1)(1)(1)
Other undisclosed income (loss) from continuing operations before income taxes1(11)(33)(27)  
Income (loss) from continuing operations before income taxes:5(53)3725(120)(102)
Income tax expense (benefit)(2)13(32)(19)  
Income (loss) from continuing operations:3(40)67(120)(102)
Income (loss) from discontinued operations(3)290    
Net income (loss):(0)25067(120)(102)
Net loss attributable to noncontrolling interest(5)(1)    
Net income (loss) available to common stockholders, diluted:(5)24967(120)(102)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(0)25067(120)(102)
Other comprehensive income (loss)(1)3(2)(3)  
Other undisclosed comprehensive income (loss)(2)11    
Comprehensive income (loss):(3)26344(120)(102)
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(1)    
Other undisclosed comprehensive loss, net of tax, attributable to parent  (3)(2)  
Comprehensive income (loss), net of tax, attributable to parent:(7)26212(120)(102)

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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