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)

12/31/2020
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 investments9961981901984137
Cash and cash equivalents9961981901984137
Receivables74113145181196241235
Inventory, net of allowances, customer advances and progress billings451011111417
Inventory451011111417
Prepaid expense18151822131323
Disposal group, including discontinued operation111      
Deferred tax assets    38
Other current assets   3644
Total current assets:306194271407424312353
Noncurrent Assets
Operating lease, right-of-use asset3799
Property, plant and equipment28734914510768145162
Long-term investments and receivables11    43
Long-term investments11    43
Intangible assets, net (including goodwill), including:78187236290309258129
Goodwill2811813212212212442
Intangible assets, net (excluding goodwill)50697712513213487
Other undisclosed intangible assets, net (including goodwill)  274355  
Restricted cash and investments     1728
Deferred income tax assets117
Other noncurrent assets8132832241611
Deferred tax assets, net   82 
Other undisclosed noncurrent assets(191)(167)463064  
Total noncurrent assets:242489456458465521334
TOTAL ASSETS:548682727865889833687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6283132142142179183
Accounts payable28467178708182
Employee-related liabilities333661647298101
Deferred revenue3543
Debt 0022222218
Disposal group, including discontinued operation5 6    
Deferred revenue and credits76838273
Contract with customer, liability51
Other liabilities23242121183132
Other undisclosed current liabilities2425    (0)
Total current liabilities:148175211261265313306
Noncurrent Liabilities
Long-term debt and lease obligation, including:4977332349368330
Long-term debt, excluding current maturities  7332349368330
Operating lease, liability4999
Other undisclosed long-term debt and lease obligation (92)     
Liabilities, other than long-term debt49539620316716645
Deferred revenue and credits5579
Accounts payable and accrued liabilities202431    
Deferred revenue23
Contract with customer, liability3
Deferred rent credit  25
Liability, pension and other postretirement and postemployment benefits17202011410210928
Other liabilities116178460508
Other undisclosed noncurrent liabilities 99     
Total noncurrent liabilities:99159103535516534374
Total liabilities:247334314796781847680
Temporary equity, carrying amount 6440    
Stockholders' equity
Stockholders' equity attributable to parent, including:26628537369108(14)6
Common stock0000000
Additional paid in capital182178167150140192
Accumulated other comprehensive income (loss)(3)(2)0(14)(9)(4)10
Retained earnings (accumulated deficit)86135232(16)(22)(29)(7)
Other undisclosed stockholders' equity attributable to parent (26)(26)(52)(1)(1) 
Stockholders' equity attributable to noncontrolling interest62      
Other undisclosed stockholders' equity(26)      
Total stockholders' equity:30128537369108(14)6
TOTAL LIABILITIES AND EQUITY:548682727865889833687

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7469831,0311,5241,606  
Cost of revenue(349)(445)(473)(151)(161)  
Cost of goods and services sold(34)(57)(66)(94)(104)  
Gross profit:3975395571,3731,445  
Operating expenses(463)(531)(603)(1,306)(1,392)(118)(100)
Operating income (loss):(67)7(46)6753(118)(100)
Nonoperating income
(Other Nonoperating income)
1015    
Interest and debt expense(0)(0)(8)    
Income (loss) from continuing operations before equity method investments, income taxes:(65)7(39)6753(118)(100)
Income (loss) from equity method investments(1)(3)(2)3(1)(1)(1)
Other undisclosed income (loss) from continuing operations before income taxes(1)1(11)(33)(27)  
Income (loss) from continuing operations before income taxes:(67)5(53)3725(120)(102)
Income tax expense (benefit)20(2)13(32)(19)  
Income (loss) from continuing operations:(47)3(40)67(120)(102)
Income (loss) from discontinued operations15(3)290    
Net income (loss):(31)(0)25067(120)(102)
Net loss attributable to noncontrolling interest (5)(1)    
Other undisclosed net loss attributable to parent(8)      
Net income (loss) available to common stockholders, diluted:(39)(5)24967(120)(102)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(31)(0)25067(120)(102)
Other comprehensive income (loss)(0)(1)3(2)(3)  
Other undisclosed comprehensive income (loss)(0)(2)11    
Comprehensive income (loss):(32)(3)26344(120)(102)
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(5)(1)    
Other undisclosed comprehensive loss, net of tax, attributable to parent   (3)(2)  
Comprehensive income (loss), net of tax, attributable to parent:(39)(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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