Townsquare Media, Inc. (TSQ) financial statements (2021 and earlier)

Company profile

Business Address 1 MANHATTANVILLE ROAD, SUITE 202
PURCHASE, NY 10577
State of Incorp. DE
Fiscal Year End December 31
SIC 4832 - Radio Broadcasting Stations (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83 61655233
Cash and cash equivalents83 61655233
Receivables59 62626060
Disposal group, including discontinued operation  00  
Assets held-for-sale, not part of disposal group   1  
Other undisclosed current assets12 9101110
Total current assets:154 133138123103
Noncurrent Assets
Operating lease, right-of-use asset48 
Property, plant and equipment112 114147140134
Long-term investments and receivables12 10845
Long-term investments12 10845
Intangible assets, net (including goodwill)439 723751807811
Goodwill158 241243293293
Intangible assets, net (excluding goodwill)281 483508514518
Restricted cash and investments0     
Disposal group, including discontinued operation, noncurrent assets   0  
Other noncurrent assets3 71178
Total noncurrent assets:614 854918958958
TOTAL ASSETS:769 9871,0561,0811,061
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28 43413839
Accounts payable9 13151110
Accrued liabilities  7887
Employee-related liabilities12 15121214
Taxes payable  3223
Interest and dividends payable6 5655
Deferred revenue9 
Debt0 01070
Disposal group, including discontinued operation0 01  
Program rights obligations  2001
Deferred revenue and credits181717
Contract with customer, liability15
Other undisclosed current liabilities29 6434
Total current liabilities:66 66736562
Noncurrent Liabilities
Long-term debt and lease obligation, including:543 555556564589
Long-term debt, excluding current maturities543     
Finance lease, liability0 
Operating lease, liability45 
Other undisclosed long-term debt and lease obligation(45) 555556564589
Liabilities, other than long-term debt, including:14 991011
Deferred tax liabilities, net 375135
Deferred income tax liabilities10 
Other liabilities3     
Other undisclosed liabilities, other than long-term debt  9(28)(41)(24)
Other undisclosed noncurrent liabilities45 16375135
Total noncurrent liabilities:602 580602626635
Total liabilities:668 646675691697
Stockholders' equity
Stockholders' equity attributable to parent97 340380389363
Common stock0 0000
Additional paid in capital370 366367365361
Accumulated other comprehensive income (loss)   (1)(1)0
Retained earnings (accumulated deficit)(273) (26)13241
Stockholders' equity attributable to noncontrolling interest3 1111
Total stockholders' equity:101 342381390363
TOTAL LIABILITIES AND EQUITY:769 9871,0561,0811,061

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues371 431507517441
Revenue, net507517441
Cost of revenue(297) (317)(400)(400)(331)
Gross profit:74 114107117110
Operating expenses(149) (73)(96)(39)(25)
Operating income (loss):(75) 40117785
Nonoperating income (expense)1 (0)(0)(4)(0)
Investment income, nonoperating    (4) 
Other nonoperating income (expense)1 (0)(0)1(0)
Interest and debt expense(30) (34)(33)(34)(66)
Income (loss) from continuing operations before equity method investments, income taxes:(104) 6(22)4018
Other undisclosed loss from continuing operations before income taxes  (5)   
Income (loss) from continuing operations before income taxes:(104) 1(22)4018
Income tax expense (benefit)24 (2)13(17)(8)
Income (loss) from continuing operations:(81) (0)(9)2310
Loss from discontinued operations  (31)(1)  
Net income (loss):(81) (32)(10)2310
Net income (loss) attributable to noncontrolling interest(2) (1)(1)(0)0
Other undisclosed net loss attributable to parent     (1)
Net income (loss) available to common stockholders, diluted:(82) (33)(11)2310

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(81) (32)(10)2310
Other comprehensive loss     (0)
Other undisclosed comprehensive income (loss)  (0)0(1)0
Comprehensive income (loss):(81) (32)(10)2310
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2) (1)(1)(0)0
Comprehensive income (loss), net of tax, attributable to parent:(82) (33)(11)2211

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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