Emmis communications corp (EMMS)
Balance Sheet / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11Feb'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

93,036

111,345

1,574

2,760

4,343

8,616

7,150

10,456

4,107

3,897

4,718

2,190

11,349

2,057

5,694

4,284

4,456

4,316

6,751

3,270

3,669

4,223

6,398

2,869

5,304

5,319

6,821

4,959

8,735

11,175

9,532

10,486

5,619

9,882

9,578

6,068

Restricted cash

1,692

1,622

1,503

1,374

2,504

1,359

1,239

1,120

2,008

2,362

2,161

2,310

2,323

2,095

1,818

1,747

1,464

2,047

2,066

2,286

2,740

78,375

77,903

2,915

2,239

2,816

-

-

1,426

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $326 and $151, respectively

4,627

5,599

13,788

18,212

11,919

21,563

19,515

17,378

20,594

23,274

25,454

27,742

26,484

37,477

38,311

36,962

34,906

40,412

39,144

39,192

37,328

41,542

40,328

39,935

31,000

33,375

34,796

32,540

28,126

34,589

36,218

34,236

28,844

37,805

40,049

38,930

Prepaid expenses

1,727

1,845

3,950

4,968

3,374

3,901

4,793

5,165

3,234

4,250

4,877

6,782

4,798

6,725

8,906

9,309

7,413

7,903

9,020

9,435

8,640

9,578

8,946

9,497

7,946

7,960

8,491

9,647

7,674

10,925

12,026

13,839

11,220

13,379

14,434

13,615

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,882

-

-

-

0

-

-

-

-

-

-

-

Other

10,454

10,350

1,697

1,428

1,225

1,538

1,365

1,463

3,680

1,457

1,502

4,704

1,503

3,723

2,073

2,129

3,452

3,806

2,927

2,947

3,514

8,193

9,439

7,470

2,641

3,027

3,803

4,238

3,985

1,944

1,805

12,133

1,567

1,625

1,851

2,329

Current assets - held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

746

-

-

-

-

-

Assets held for sale

-

-

7,886

-

6,629

0

160

370

26,170

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

465

528

762

1,780

754

1,152

7,432

1,475

1,872

2,063

Total current assets

111,536

130,761

30,398

28,742

29,994

36,977

34,222

35,952

59,793

35,240

38,712

43,728

46,457

52,077

56,802

54,431

51,691

58,484

59,908

57,130

55,891

141,911

143,014

62,686

54,012

52,497

54,376

51,912

50,708

60,413

61,081

71,846

54,682

64,166

67,784

63,005

PROPERTY AND EQUIPMENT:
Land and buildings

25,666

-

-

-

25,514

-

-

-

26,608

-

-

-

27,242

-

-

-

27,689

-

-

-

27,592

-

-

-

25,593

-

-

-

25,544

-

-

-

27,186

-

-

28,841

Leasehold improvements

128

-

-

-

172

-

-

-

9,239

-

-

-

13,142

-

-

-

13,934

-

-

-

13,911

-

-

-

13,860

-

-

-

12,814

-

-

-

13,027

-

-

18,826

Broadcasting equipment

19,262

-

-

-

19,205

-

-

-

34,623

-

-

-

43,566

-

-

-

43,926

-

-

-

42,995

-

-

-

40,013

-

-

-

37,987

-

-

-

35,560

-

-

55,992

Office equipment, computer equipment, software and automobiles

14,119

-

-

-

17,251

-

-

-

24,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Office equipment and automobiles

-

-

-

-

-

-

-

-

-

-

-

-

27,810

-

-

-

31,248

-

-

-

33,153

-

-

-

31,262

-

-

-

30,072

-

-

-

31,714

-

-

43,130

Construction in progress

-

-

-

-

19

-

-

-

696

-

-

-

1,474

-

-

-

544

-

-

-

41

-

-

-

239

-

-

-

496

-

-

-

1,335

-

-

1,926

Total property and equipment

59,175

-

-

-

62,161

-

-

-

95,939

-

-

-

113,234

-

-

-

117,341

-

-

-

117,692

-

-

-

110,967

-

-

-

106,913

-

-

-

108,822

-

-

148,715

Less-accumulated depreciation and amortization

43,961

-

-

-

46,100

-

-

-

69,338

-

-

-

82,389

-

-

-

83,498

-

-

-

82,898

-

-

-

78,736

-

-

-

74,360

-

-

-

74,814

-

-

103,899

Total property and equipment, net

15,214

15,265

15,515

23,043

16,061

23,869

24,913

25,523

26,601

28,161

28,613

29,012

30,845

30,678

31,982

33,136

33,843

33,488

33,979

34,144

34,794

34,967

35,167

31,510

32,231

31,237

32,032

32,398

32,553

35,670

36,408

39,763

34,008

39,776

42,877

44,816

INDEFINITE LIVED INTANGIBLE ASSETS

66,463

68,540

68,540

170,547

72,562

170,890

170,890

170,890

170,890

195,648

195,648

195,648

197,666

204,443

205,129

205,100

205,129

210,569

210,057

210,057

210,057

219,577

219,577

150,558

150,558

150,558

150,558

150,522

150,522

149,705

149,705

202,038

160,676

213,009

328,796

328,796

Goodwill

-

-

-

4,338

-

4,338

4,338

4,338

4,338

4,603

4,603

4,603

4,603

4,603

12,639

14,697

14,697

15,392

15,392

15,392

15,392

74,337

74,337

12,639

12,639

12,639

12,639

12,639

12,639

14,791

14,791

24,175

13,087

24,175

24,175

24,175

Other intangibles

-

-

-

-

-

-

-

-

2,154

-

-

-

3,165

-

-

-

6,224

-

-

-

9,589

-

-

-

810

-

-

-

-

-

-

-

-

-

-

-

Other intangibles, net

-

-

-

686

-

833

906

980

-

1,202

1,278

1,354

-

1,669

1,919

3,074

-

7,042

7,421

7,799

-

8,556

8,950

440

-

208

214

220

749

1,828

1,881

1,939

1,437

2,057

2,116

10,153

Total intangible assets

-

-

-

175,571

-

176,061

176,134

176,208

177,382

201,453

201,529

201,605

205,434

210,715

219,687

222,900

226,050

233,003

232,870

233,248

235,038

302,470

302,864

163,637

164,007

163,405

163,411

163,381

163,910

-

-

-

175,200

-

-

-

OPERATING LEASE RIGHT-OF-USE ASSETS

8,416

8,634

8,844

23,820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EQUITY METHOD INVESTMENT- MEDIACO CLASS A COMMON STOCK

-

5,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less-accumulated amortization

-

-

-

-

-

-

-

-

1,101

-

-

-

1,642

-

-

-

2,925

-

-

-

1,411

-

-

-

548

-

-

-

524

-

-

-

1,179

-

-

-

Total intangible assets, net

-

-

-

-

-

-

-

-

176,281

-

-

-

203,792

-

-

-

223,125

-

-

-

233,627

-

-

-

163,459

-

-

-

163,386

-

-

-

174,021

-

-

-

OTHER ASSETS:
Less-accumulated amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,464

Total intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239,241

355,087

355,660

Deferred debt issuance costs, net of accumulated amortization of $577 and $868, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,178

-

-

-

3,533

-

-

-

2,100

-

-

2,938

Investments

420

-

-

-

800

-

-

-

800

-

-

-

800

-

-

-

1,137

-

-

-

1,026

-

-

-

7,181

-

-

-

7,889

-

-

-

1,691

17,463

-

2,814

Restricted cash, noncurrent

8,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits and other

11,928

-

-

-

7,662

-

-

-

7,669

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,582

-

-

-2,299

Total intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166,324

166,377

228,152

-

-

-

363,124

Total other assets

20,363

12,822

8,072

8,696

8,462

8,899

9,056

8,492

8,469

8,501

8,422

8,375

7,444

8,597

8,318

8,182

6,810

10,680

10,546

10,492

5,956

16,864

17,100

16,729

5,287

16,449

16,345

16,109

3,555

13,120

12,834

11,178

6,373

5,042

5,426

8,051

LONG TERM ASSETS HELD FOR SALE

-

-

124,871

-

110,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

8,244

-

-

-

7,947

-

-

-

6,982

-

-

-

15,646

-

-

-

14,977

-

-

-

-

-

-

-

NONCURRENT ASSETS - HELD FOR SALE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,839

-

-

-

-

-

Noncurrent assets-discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

71,685

18

21

945

Total assets

221,992

241,507

256,240

259,872

237,746

245,806

244,325

246,175

271,144

273,355

277,276

282,720

289,338

302,067

316,789

318,649

316,606

335,655

337,303

335,014

331,294

496,212

498,145

274,562

265,348

263,588

266,164

263,800

261,624

275,527

287,539

350,939

340,769

365,706

471,195

472,477

LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses

2,393

4,637

5,405

5,323

4,160

5,406

4,701

4,272

6,394

5,276

4,620

5,324

13,398

7,952

7,071

7,846

8,127

6,898

7,762

8,248

9,497

8,416

8,476

14,107

8,958

9,391

8,019

8,223

8,301

6,971

8,258

13,799

9,946

9,782

10,762

9,818

Current maturities of long-term debt

8,008

7,830

9,078

8,922

32,150

35,006

34,864

34,724

16,037

16,101

16,367

21,633

23,600

10,583

14,982

14,832

17,573

13,198

11,695

10,192

6,840

6,263

5,687

12,649

12,541

12,436

12,331

12,228

12,126

22,240

4,416

5,501

7,978

11,985

3,205

3,290

Accrued salaries and commissions

1,048

7,812

984

2,218

1,919

2,882

1,675

2,198

3,541

2,839

2,061

3,731

6,238

5,822

7,223

6,123

8,375

6,546

7,952

6,231

8,241

6,476

6,976

6,399

8,552

6,323

8,670

5,819

7,535

7,849

10,365

5,786

7,204

8,889

7,759

9,757

Deferred revenue

2,605

2,639

3,866

5,027

3,464

-

-

-

4,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

3,796

15,657

7,497

7,339

11,200

-

-

-

381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

812

842

858

3,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

363

389

392

-

873

1,028

2,074

3,038

3,082

4,948

3,147

Deferred revenue

-

-

-

-

-

3,793

4,499

4,992

-

4,602

5,654

5,813

4,560

7,841

11,607

12,912

11,435

10,946

12,133

12,739

11,568

10,893

11,525

12,840

11,506

9,924

12,059

12,629

10,862

12,156

12,141

17,220

12,471

15,948

18,537

18,595

Share-based compensation arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,926

-

-

-

0

-

-

-

-

-

-

-

Present value of second closing and LMA related liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79,525

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,752

1,868

1,762

1,637

2,401

12,544

11,946

11,569

2,314

3,528

6,166

6,146

6,807

5,321

5,828

5,679

5,775

5,929

6,152

5,790

6,620

6,725

6,719

3,950

4,767

5,647

5,745

4,174

3,914

4,250

4,066

5,174

6,072

6,294

4,653

5,409

Current liabilities - held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,401

-

-

-

-

-

Current liabilities held for sale

-

-

4,509

-

2,072

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

90

1,126

2,169

1,130

493

455

7,213

560

675

854

Total current liabilities

20,414

41,285

33,959

34,154

57,366

59,631

57,685

57,755

32,697

32,346

34,868

42,647

54,603

37,519

46,711

47,392

51,285

43,517

45,694

43,200

42,766

117,210

118,908

49,945

49,250

44,084

47,303

44,591

44,907

55,469

44,168

50,009

53,922

56,540

50,539

50,870

LONG-TERM DEBT, NET OF CURRENT PORTION

47,474

55,662

69,196

71,478

48,757

50,362

51,953

53,385

122,849

123,792

125,244

195,745

190,372

207,428

229,678

230,891

228,027

240,117

245,312

251,482

250,712

257,442

264,855

117,830

114,926

120,997

125,530

129,537

131,494

138,320

163,531

251,324

229,725

224,991

330,072

327,704

OPERATING LEASE LIABILITIES, NET OF CURRENT

9,170

9,372

9,567

24,077

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER NONCURRENT LIABILITIES

48

2,328

2,367

2,437

3,914

6,250

6,324

6,522

5,932

5,728

5,921

4,645

4,842

6,847

7,453

7,367

7,728

8,007

8,164

8,330

8,351

8,173

7,792

7,532

8,021

8,417

8,566

9,145

10,052

10,030

10,171

9,140

10,609

10,467

14,363

14,018

DEFERRED INCOME TAXES

24,979

18,263

18,156

25,628

25,232

27,677

27,506

27,222

31,403

45,418

44,937

43,512

43,537

45,615

44,982

44,349

43,715

44,137

43,297

42,455

41,614

18,649

14,271

12,172

9,783

40,009

39,360

38,721

38,072

37,757

40,732

50,037

52,257

52,925

84,520

81,411

NONCURRENT LIABILITIES HELD FOR SALE

-

-

13,683

-

2,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

770

-

-

-

Total liabilities

102,085

126,910

146,928

157,774

137,379

143,920

143,468

144,884

192,881

207,284

210,970

286,549

293,354

297,409

328,824

329,999

330,755

335,778

342,467

345,467

343,443

401,474

405,826

187,479

181,980

213,507

220,759

221,994

224,525

241,576

258,602

360,510

347,283

344,923

479,494

474,003

COMMITMENTS AND CONTINGENCIES (NOTE 11)

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

SHAREHOLDERS’ EQUITY:
Additional paid-in capital

597,895

597,439

596,512

596,319

595,984

595,900

595,353

595,216

594,708

594,191

593,556

593,006

592,320

591,726

591,103

590,138

589,830

588,714

587,743

586,526

585,358

584,728

584,088

583,451

580,776

580,597

579,746

579,240

578,555

577,711

530,376

530,203

529,793

529,440

529,182

528,786

Accumulated deficit

-478,104

-462,492

-515,217

-522,230

-523,900

-523,428

-524,140

-523,767

-547,252

-559,970

-559,691

-629,648

-629,381

-621,803

-639,479

-639,814

-642,500

-633,147

-638,695

-643,089

-644,614

-538,816

-541,639

-544,399

-545,355

-578,516

-582,789

-585,360

-588,836

-593,152

-597,752

-636,743

-632,608

-615,284

-728,752

-720,693

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-90

-99

-106

-59

-74

-118

1,038

938

1,396

1,190

1,645

2,140

1,776

Total shareholders’ equity

119,924

135,080

81,426

74,220

72,214

72,602

71,342

71,578

47,583

34,348

33,992

-36,517

-36,937

-29,953

-48,254

-49,189

-52,546

-43,967

-50,492

-56,111

-58,810

46,356

42,891

39,403

35,750

2,401

-2,678

-5,771

-9,984

-14,004

-66,049

-104,756

-101,238

-83,817

-197,048

-189,749

NONCONTROLLING INTERESTS

-17

-20,483

27,886

27,878

28,153

29,284

29,515

29,713

30,680

31,723

32,314

32,688

32,921

34,611

36,219

37,839

38,397

43,844

45,328

45,658

46,661

48,382

49,428

47,680

47,618

47,680

48,083

47,577

47,083

47,955

48,104

48,303

47,842

48,213

48,290

47,764

Total equity

119,907

114,597

109,312

102,098

100,367

101,886

100,857

101,291

78,263

66,071

66,306

-3,829

-4,016

4,658

-12,035

-11,350

-14,149

-123

-5,164

-10,453

-12,149

94,738

92,319

87,083

83,368

50,081

45,405

41,806

37,099

33,951

-17,945

-56,453

-53,396

-35,604

-148,758

-141,985

Total liabilities and equity

221,992

241,507

256,240

259,872

237,746

245,806

244,325

246,175

271,144

273,355

277,276

282,720

289,338

302,067

316,789

318,649

316,606

335,655

337,303

335,014

331,294

496,212

498,145

274,562

265,348

263,588

266,164

263,800

261,624

275,527

287,539

350,939

340,769

365,706

471,195

472,477

Class A Common Stock
Common Stock

121

121

119

119

118

118

-

-

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B Common Stock
Common Stock

12

12

12

12

12

12

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-