Tribune Media Company (TRCO) financial statements (2020 and earlier)

Company profile

Business Address 515 NORTH STATE STREET
CHICAGO, IL 60654
State of Incorp. DE
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,063674578263
Cash and cash equivalents1,063674578263
Restricted cash and investments17181818
Receivables441438438509
Prepaid expense19203663
Disposal group, including discontinued operation  63 
Other current assets81479
Other undisclosed current assets98129158160
Total current assets:1,6461,2931,2961,022
Noncurrent Assets
Property, plant and equipment  524 
Long-term investments and receivables1,2641,2821,6751,693
Long-term investments1,2641,2821,6751,693
Intangible assets, net (including goodwill)4,6714,8435,0475,802
Goodwill3,2293,2293,2283,562
Intangible assets, net (excluding goodwill)1,4421,6141,8192,240
Other noncurrent assets15313980174
Other undisclosed noncurrent assets96173255410
Total noncurrent assets:6,1846,4367,5818,079
Other undisclosed assets421440524658
TOTAL ASSETS:8,2518,1699,4019,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities207217222240
Accounts payable45486160
Accrued liabilities42303354
Employee-related liabilities79727788
Taxes payable1036213
Interest and dividends payable30313034
Debt   26
Disposal group, including discontinued operation  54 
Program rights obligations233253241237
Deferred revenue and credits121445
Other liabilities122102110 
Other undisclosed current liabilities(109)70(90) 
Total current liabilities:452654551547
Noncurrent Liabilities
Long-term debt and lease obligation2,9262,9193,3923,453
Long-term debt, excluding current maturities2,9262,9193,3923,453
Liabilities, other than long-term debt1,8941,9492,4311,913
Accounts payable and accrued liabilities543570518 
Deferred tax liabilities, net574508984984
Liability, pension and other postretirement and postemployment benefits389406456472
Disposal group, including discontinued operation, liabilities  95 
Other liabilities1551646372
Program rights obligations233300315385
Other undisclosed noncurrent liabilities(543)(570)(518)14
Total noncurrent liabilities:4,2774,2985,3055,379
Total liabilities:4,7284,9525,8555,927
Stockholders' equity
Stockholders' equity attributable to parent, including:3,5183,2173,5403,826
Common stock000 
Treasury stock, value(632)(632)(632)(400)
Additional paid in capital4,0314,0124,5624,620
Accumulated other comprehensive loss(105)(48)(82)(71)
Retained earnings (accumulated deficit)224(114)(308)(322)
Other undisclosed stockholders' equity attributable to parent   0
Stockholders' equity attributable to noncontrolling interest5066
Total stockholders' equity:3,5233,2173,5463,832
TOTAL LIABILITIES AND EQUITY:8,2518,1699,4019,759

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,0101,8491,9482,010
Revenue, net1,8491,9482,010
Cost of revenue(696)(711)(612) 
Cost of goods and services sold(401)(392)(391) 
Gross profit:1,3141,1381,3362,010
Operating expenses(825)(1,030)(902) 
Other undisclosed operating loss   (2,273)
Operating income (loss):488108434(263)
Nonoperating income (expense)(1)8521
Investment income, nonoperating(1)8 13
Other nonoperating income0058
Interest and debt expense(169)(159)(153)(201)
Income (loss) from continuing operations before equity method investments, income taxes:318(43)286(443)
Income from equity method investments169137148147
Other undisclosed income (loss) from continuing operations before income taxes38(213)(0)(2)
Income (loss) from continuing operations before income taxes:526(118)434(298)
Income tax expense (benefit)(113)301(347)(22)
Income (loss) before gain (loss) on sale of properties:41318387(320)
Other undisclosed net income 14  
Net income (loss):41319787(320)
Net income (loss) attributable to noncontrolling interest0(3)  
Other undisclosed net loss attributable to parent  (73) 
Net income (loss) attributable to parent:41319414(320)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:41219414(320)
Dilutive securities, effect on basic earnings per share00  
Net income (loss) available to common stockholders, diluted:41219414(320)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):41319787(320)
Other undisclosed comprehensive income (loss)(43)34  
Comprehensive income (loss):37023187(320)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)3  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(7)(84) 
Comprehensive income (loss), net of tax, attributable to parent:3702283(320)

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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