Emmis communications corp (EMMS)
Income statement / Yearly
Feb'20Feb'19Feb'18Feb'17Feb'16Feb'15Feb'14Feb'13Feb'12Feb'11Feb'10
NET REVENUES

39,710

39,891

-

-

-

-

-

-

-

-

-

NET REVENUES

-

-

148,487

214,568

-

-

-

-

-

-

-

NET REVENUES

-

-

-

-

231,433

237,938

205,146

196,084

202,218

216,486

242,102

OPERATING EXPENSES:
Station operating expenses excluding depreciation expense

33,001

38,859

-

-

-

-

-

-

-

-

-

Corporate expenses excluding depreciation expense

18,841

10,313

-

-

-

-

-

-

-

-

-

Station operating expenses excluding depreciation and amortization expense

-

-

119,758

180,085

183,394

181,009

159,009

154,071

167,294

173,554

206,059

Corporate expenses excluding depreciation and amortization expense

-

-

10,712

11,359

13,023

14,922

17,024

17,819

19,096

15,710

13,634

LMA fees

-

-

-

-

-

4,208

0

0

-

-

-

Hungary license litigation expense

-

-

-

-

-

521

2,058

1,381

871

-

-

Hungary license litigation expense

-

-

-

-

-

-

-

-

-

293

-

Impairment losses

6,479

852

265

9,843

9,499

67,915

0

11,419

0

7,005

-

Depreciation

1,133

1,391

-

-

-

-

-

-

-

-

-

Restructuring charge

-

-

-

-

-

-

-

-

-

-

3,350

Impairment loss on intangible assets

-

-

-

-

-

-

-

-

-

-

-174,642

Depreciation and amortization

-

-

3,628

4,806

5,797

5,926

4,866

4,722

4,725

5,642

10,341

Gain on contract settlement

-

-

-

-

-

2,500

0

0

-

-

-

Gain on sale of radio and publishing assets, net of disposition costs

-

31,817

76,604

23,557

0

0

-

-

-

-

-

Gain on legal matter

2,153

-

-

-

-

-

-

-

-

-

-

Loss on sale of assets

-31

-1

69

-124

-56

0

8

9,877

-798

-3

127

Total operating expenses

57,332

19,599

57,690

182,660

211,769

272,001

182,949

179,535

192,784

202,207

407,899

OPERATING INCOME (LOSS)

-17,622

20,292

90,797

31,908

19,664

-34,063

22,197

16,549

9,434

14,279

-165,797

OTHER EXPENSE:
Interest expense

3,821

7,152

15,143

18,018

18,956

17,101

7,068

20,899

19,904

16,483

24,820

Loss on debt extinguishment

-512

-779

-2,662

-620

0

-1,455

-653

-4,508

-2,006

-

31,362

Loss on deconsolidation of entity

-12,112

-

-

-

-

-

-

-

-

-

-

Equity in loss of unconsolidated affiliate

-780

-

-

-

-

-

-

-

-

-

-

Gain on sale of controlling interest in Merlin Media LLC

-

-

-

-

-

-

-

-

31,865

-

-

Other income

730

139

35

-160

1,057

-6,418

116

-10

-15,951

-256

170

Total other expense

-16,495

-7,792

-17,770

-18,798

-17,899

-24,974

-7,605

-25,417

-5,996

-16,739

6,712

INCOME (LOSS) BEFORE INCOME TAXES

-34,117

12,500

-

-

-

-

-

-

-

-

-

(LOSS) INCOME BEFORE INCOME TAXES

-

-

73,027

13,110

1,765

-59,037

14,592

-8,868

3,438

-2,460

-159,085

PROVISION (BENEFIT) FOR INCOME TAXES

-9,079

3,552

-11,732

-110

2,069

36,948

-34,063

-7,039

-32,287

859

-39,952

INCOME (LOSS) FROM CONTINUING OPERATIONS

-25,038

8,948

-

-

-

-

-

-1,829

35,725

-3,319

-119,133

DISCONTINUED OPERATIONS, NET OF TAX

76,957

17,131

-

-

-

-

-

50,080

-4,997

-8,220

641

CONSOLIDATED NET INCOME

51,919

26,079

84,759

13,220

-304

-95,985

48,655

48,251

30,728

-11,539

-118,492

NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS

1,434

2,727

2,630

101

-2,418

3,274

5,174

4,479

4,535

4,019

4,162

NET INCOME ATTRIBUTABLE TO THE COMPANY

50,485

23,352

82,129

13,119

2,114

-99,259

43,481

43,772

26,193

-15,558

-122,654

AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Continuing operations

-

-

-

-

-

-

-

-8,114

84,443

-17,518

-132,020

Discontinued operations

-

-

-

-

-

-

-

50,080

-4,949

-7,751

243

Net income (loss) attributable to common shareholders - continuing operations

-23,425

11,197

-

-

-

-

-

-

-

-

-

Net income attributable to common shareholders - discontinued operations

73,910

12,155

-

-

-

-

-

-

-

-

-

GAIN ON EXTINGUISHMENT OF PREFERRED STOCK

-

-

-

-

-

-

325

0

61,892

-

-

LOSS ON MODIFICATION OF PREFERRED STOCK

-

-

-

-

162

0

0

-

-

-

-

PREFERRED STOCK DIVIDENDS

-

-

-

-

-

-

-

1,806

8,591

9,711

9,123

Net income attributable to common shareholders

50,485

23,352

-

-

1,952

-99,259

43,806

41,966

79,494

-25,269

-131,777

Discontinued operations

73,910

12,155

-

-

-

-

-

-

-

-

-

Net (Loss) Income Available to Common Stockholders, Basic

50,485

23,352

-

-

1,952

-99,259

43,806

41,966

79,494

-25,269

-131,777

Discontinued operations

-

-

-

-

-

-

-

50,080

-4,949

-7,751

243

Amounts attributable to common shareholders for diluted earnings per share

-

-

-

-

1,952

-99,259

43,481

41,966

26,193

-25,269

-131,777

Continuing operations

-

-

-

-

-

-

-

-8,114

31,142

-17,518

-132,020

BASIC NET INCOME (LOSS) PER SHARE
Continuing operations

-1.82

0.89

-

-

-

-

-

-0.21

2.21

-0.46

-3.56

Discontinued operations

5.73

0.96

-

-

-

-

-

1.29

-0.13

-0.21

-

Basic net income per share

3.91

1.85

6.65

1.09

0.18

-9.33

1.08

1.08

2.08

-0.67

-3.56

Basic weighted average shares outstanding

12,898

12,606

12,347

12,040

11,034

10,634

40,506

39,034

38,293

37,863

37,041

DILUTED NET INCOME (LOSS) PER SHARE:
Continuing operations

-1.82

0.83

-

-

-

-

-

-0.21

0.69

-0.46

-3.56

Discontinued operations

5.73

0.91

-

-

-

-

-

1.29

-0.11

-0.21

-

Diluted net income per share

3.91

1.74

6.50

1.07

0.17

-9.33

0.94

1.08

0.58

-0.67

-3.56

Diluted weighted average shares outstanding

12,898

13,448

12,626

12,229

11,316

10,634

46,042

39,034

44,953

37,863

37,041