Urban One, Inc. (UONE) financial statements (2021 and earlier)

Company profile

Business Address 1010 WAYNE AVENUE
SILVER SPRING, MD 20910
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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:73331537476770
Cash and cash equivalents73331537466768
Short-term investments      2
Other undisclosed cash, cash equivalents, and short-term investments    1  
Restricted cash and investments00111  
Receivables11211011411210410596
Prepaid expense1011109887
Other current assets4434553
Other undisclosed current assets22273138352926
Total current assets:223186173200200214202
Noncurrent Assets
Operating lease, right-of-use asset4145
Property, plant and equipment19242625252931
Intangible assets, net (including goodwill)7648819169711,0181,0421,291
Goodwill223240246263258258275
Intangible assets, net (excluding goodwill)5406416707097607841,016
Disposal group, including discontinued operation, noncurrent assets33   2  
Deferred income tax assets10 
Other noncurrent assets4344454649124
Other undisclosed noncurrent assets637077756549(129)
Total noncurrent assets:9731,0641,0641,1171,1591,1331,197
TOTAL ASSETS:1,1951,2501,2371,3171,3591,3471,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31273032393929
Accounts payable11678887
Employee-related liabilities121115915139
Taxes payable 11   1
Interest and dividends payable89715171712
Deferred revenue 11
Debt2335394444
Deferred rent credit  1
Business combination, contingent consideration, liability 21    
Deferred revenue and credits   7
Other liabilities27252427272616
Other undisclosed current liabilities251161823157
Total current liabilities:10710111181928363
Noncurrent Liabilities
Long-term debt and lease obligation8568918749671,0031,021816
Long-term debt, excluding current maturities8198508749671,0031,021816
Operating lease, liability3740
Liabilities, other than long-term debt245045193306296274
Deferred tax liabilities, net9149273267252
Deferred income tax liabilities 25
Other liabilities24253645332921
Other undisclosed noncurrent liabilities915182216715
Total noncurrent liabilities:8899559371,1821,3251,3241,105
Total liabilities:9961,0561,0481,2631,4181,4071,167
Temporary equity, carrying amount13111011121111
Stockholders' equity
Stockholders' equity attributable to parent, including:18718317943(71)(72)19
Additional paid in capital9929809799849829841,007
Accumulated other comprehensive loss      (0)
Accumulated deficit(805)(797)(800)(941)(1,053)(1,056)(988)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest      202
Total stockholders' equity:18718317943(71)(72)221
TOTAL LIABILITIES AND EQUITY:1,1951,2501,2371,3171,3591,3471,399

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
Revenues376437439440456451441
Cost of revenue
(Cost of Goods and Services Sold)
  (125)(130)(134)(134)(142)
Gross profit:376437314310322316300
Operating expenses(345)(350)(365)(387)(368)(415)(364)
Other undisclosed operating income  125130134134142
Operating income:32877453883677
Nonoperating income (expense)57871(0)0
Investment income, nonoperating0000000
Other nonoperating income (expense)57871(0)0
Interest and debt expense(77)(81)(78)(85)(79)(87)(85)
Income (loss) from continuing operations before equity method investments, income taxes:(41)133(25)10(51)(8)
Other undisclosed income from continuing operations before income taxes   14   
Income (loss) from continuing operations before income taxes:(41)133(11)10(51)(8)
Income tax expense (benefit)34(11)139123(10)(15)(35)
Net income (loss):(7)21421121(66)(43)
Net loss attributable to noncontrolling interest(2)(1)(1)(1)(1)(8)(20)
Net income (loss) available to common stockholders, diluted:(8)1141112(0)(74)(63)

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):(7)21421121(66)(43)
Other undisclosed comprehensive income     00
Comprehensive income (loss):(7)21421121(66)(43)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(1)(1)(1)(1)(8)(20)
Comprehensive income (loss), net of tax, attributable to parent:(8)1141112(0)(74)(63)

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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