EMMIS COMMUNICATIONS CORP EMMS Income Statement

Emmis communications corp (EMMS)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Nov'10	Aug'10
NET REVENUES
-	10,737	8,883	27,771	-	10,797	9,404	28,006	-	35,345	42,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET REVENUES
-	-	-	-	-	-	-	-	-	-	-	40,164	-	56,299	58,774	56,002	50,884	59,614	62,482	58,453	53,430	62,960	61,824	59,724	46,972	52,621	54,967	50,586	43,301	50,886	52,929	48,968	26,160	53,568	61,344	61,146	66,322	66,709
OPERATING EXPENSES:
Station operating expenses excluding depreciation and amortization expense
-	8,199	7,799	19,777	-	10,809	9,008	21,531	26,638	27,986	33,904	31,230	44,679	45,426	46,991	42,989	46,463	43,654	47,734	45,543	46,850	44,940	46,293	42,926	40,811	38,548	41,938	37,712	36,322	37,399	39,778	40,572	23,678	43,626	50,656	49,334	49,131	51,367
Corporate expenses excluding depreciation and amortization expense
-	10,437	2,216	2,558	-	2,297	2,802	2,508	2,931	2,500	2,538	2,743	2,465	3,397	2,453	3,044	2,907	2,810	3,487	3,819	3,450	3,241	3,341	4,890	3,901	3,653	5,070	4,400	4,969	3,717	4,161	4,972	3,820	4,972	2,969	7,335	3,403	4,697
LMA fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	383	3,825	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Impairment losses
-	-	4,022	-	-	304	205	-	-	-	-	-	-	0	2,988	-	-	0	0	-	-	-	-	-	-	-	-	-	448	0	0	10,971	-	-	-	-	-	-
Hungary license litigation and related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188	192	92	-	500	1,043	252	-	371	210	204	-	-	-	-	-	-
Impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Depreciation and amortization
-	263	296	750	-	345	357	799	889	880	881	978	1,060	1,132	1,282	1,332	1,412	1,532	1,403	1,450	1,500	1,482	1,591	1,353	1,259	1,218	1,213	1,176	1,210	1,218	1,169	1,125	-770	1,410	1,974	2,111	2,296	2,366
Gain on contract settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of radio and publishing assets, net of disposition costs
-	-	-31	-	0	-235	-15	32,067	-56	-46	76,706	0	-	17,491	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on legal matter
-	2,153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-1	-12	-	-	0	-125	-	-	0	0	-	0	-3	0	3	-2	9	1	0	-106	-23	6	10,000	-6	0	-795	3	-3	-
Total operating expenses
3,137	16,746	14,364	23,085	451	13,990	12,387	-7,229	30,697	31,413	-39,371	34,951	48,992	32,464	53,839	47,365	60,337	47,996	52,624	50,812	119,764	49,854	49,300	53,083	46,236	43,910	49,263	43,540	43,651	42,728	45,312	47,844	27,605	50,008	56,394	58,777	54,833	58,430
OPERATING INCOME (LOSS)
-10,818	-6,009	-5,481	4,686	-8,767	-3,193	-2,983	35,235	-567	3,932	82,219	5,213	-5,499	23,835	4,935	8,637	-9,453	11,618	9,858	7,641	-66,334	13,106	12,524	6,641	736	8,711	5,704	7,046	-350	8,158	7,617	1,124	-1,445	3,560	4,950	2,369	11,489	8,279
OTHER EXPENSE:
Interest expense
495	869	976	1,481	1,721	1,307	1,483	2,641	2,929	3,000	4,548	4,666	4,089	4,481	4,758	4,690	4,697	4,768	4,945	4,546	5,228	5,395	4,878	1,600	1,627	1,712	1,808	1,921	2,893	5,361	6,878	5,767	2,072	4,341	6,277	7,214	5,195	5,209
Loss on debt extinguishment
-	-510	-	-	-8	0	0	-771	0	-139	-2,523	0	-	-478	0	-	-	0	-	-	-	0	-1,455	-	-	-653	0	-	-3,367	-56	-601	-484	-3	-525	0	-1,478	-	-
Gain on sale of controlling interest in Merlin Media LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,805	-	-	-	-
Other income
583	121	14	12	47	40	36	16	11	10	11	3	-302	10	89	43	212	7	828	10	-6,648	51	168	11	22	54	33	7	-157	164	-215	198	-15,899	-394	348	-6	-132	-93
Total other expense
-12,806	-1,258	-962	-1,469	-1,682	-1,267	-1,447	-3,396	-2,918	-3,129	-7,060	-4,663	-4,533	-4,949	-4,669	-4,647	-4,485	-4,761	-4,117	-4,536	-11,876	-5,344	-6,165	-1,589	-1,605	-2,311	-1,775	-1,914	-6,417	-5,253	-7,694	-6,053	-17,914	26,545	-5,929	-8,698	-5,327	-5,302
(LOSS) INCOME BEFORE INCOME TAXES
-	-7,267	-6,443	3,217	-	-4,460	-4,430	31,839	-3,485	803	75,159	550	-10,032	18,886	266	3,990	-13,938	6,857	5,741	3,105	-78,210	7,762	6,359	5,052	-869	6,400	3,929	5,132	-6,767	2,905	-77	-4,929	-19,359	30,105	-979	-6,329	6,162	2,977
PROVISION (BENEFIT) FOR INCOME TAXES
-8,493	-950	-337	701	-151	-2,747	-1,150	7,600	-16,475	371	4,394	-22	-2,078	629	664	675	-593	889	826	947	27,868	4,528	2,167	2,385	-34,974	732	4	175	-2,091	976	-1,509	-4,415	-1,570	-28,702	727	-2,742	4,068	1,692
INCOME (LOSS) FROM CONTINUING OPERATIONS
-	-6,317	-6,106	-	-	-1,713	-3,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,676	1,929	1,432	-514	-17,789	58,807	-1,706	-3,587	2,094	1,285
DISCONTINUED OPERATIONS, NET OF TAX
-	58,921	13,951	-	-	3,262	3,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,359	-4,870	-105	-2,916	2,894	-34	10
CONSOLIDATED NET INCOME
-11,046	52,604	7,845	2,516	-141	1,549	432	24,239	12,990	432	70,765	572	-7,954	18,257	-398	3,315	-13,345	5,968	4,915	2,158	-106,078	3,234	4,192	2,667	34,105	5,668	3,925	4,957	5,280	5,636	40,208	-2,873	-22,659	58,702	-4,622	-693	2,060	1,295
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
-123	-121	832	846	331	837	805	754	272	711	808	839	-376	581	-733	629	-3,992	420	521	633	-280	411	1,432	1,711	944	1,395	1,354	1,481	964	1,036	1,217	1,262	722	1,069	1,392	1,352	1,288	1,225
NET INCOME ATTRIBUTABLE TO THE COMPANY
-10,923	52,725	7,013	1,670	-472	712	-373	23,485	12,718	-279	69,957	-267	-7,578	17,676	335	2,686	-9,353	5,548	4,394	1,525	-105,798	2,823	2,760	956	33,161	4,273	2,571	3,476	4,316	4,600	38,991	-4,135	-23,381	57,633	-6,014	-2,045	772	70
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,347	110,962	-5,689	-7,483	-1,679	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,879	-97	-2,888	2,915	5	-
Net income (loss) attributable to common shareholders - continuing operations
-	-5,828	-5,606	-	-	-1,161	-2,714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	893	-695	-2,672	-	-	-	-	-	-2,380
Net income attributable to common shareholders - discontinued operations
-	58,553	12,619	-	-	1,873	2,341	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,707	38,776	-2,359	-	-	-	-	-	42
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	76	249	-	0	0	-	-	-55,835	-	-	-	-
PREFERRED STOCK DIVIDENDS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	910	896	902	2,603	2,563	2,523	2,446	2,408
Net income attributable to common shareholders
-	52,725	7,013	-	-	712	-373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,161	4,273	2,647	3,725	4,316	4,600	38,081	-5,031	-18,226	110,865	-8,577	-4,568	-1,674	-2,338
Discontinued operations
-	58,553	12,619	-	-	1,873	2,341	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,707	38,776	-2,359	-	-	-	-	-	42
Net (Loss) Income Available to Common Stockholders, Basic
-	52,725	7,013	-	-	712	-373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,161	4,273	2,647	3,725	4,316	4,600	38,081	-5,031	-18,226	110,865	-8,577	-4,568	-1,674	-2,338
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,956	3,707	38,776	-2,359	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97	-	-	5	-
Amounts attributable to common shareholders for diluted earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,316	4,600	38,081	-5,031	-	57,633	-	-	-1,674	-
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,760	956	-	4,273	2,571	3,476	-5,640	893	-695	-2,672	-	57,730	-	-	-1,679	-
BASIC NET INCOME (LOSS) PER SHARE
Continuing operations
-	-0.45	-0.44	-	-	-0.09	-0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.02	-	0.11	0.06	0.09	-0.14	0.02	-0.02	-0.07	-0.34	2.90	-0.15	-0.20	-0.04	-0.06
Discontinued operations
-	4.53	0.98	-	-	0.15	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.10	1.00	-0.06	-0.11	-0.03	-0.07	0.08	-	-
Basic net income per share
-0.85	4.08	0.55	0.13	-0.06	0.06	-0.03	1.88	1.00	-0.02	5.69	-0.02	-0.63	1.46	0.03	0.23	-0.76	0.50	0.40	0.04	-9.48	0.07	0.06	0.02	0.82	0.11	0.06	0.09	0.11	0.12	0.98	-0.13	-0.48	2.90	-0.22	-0.12	-0.04	-0.06
Basic weighted average shares outstanding
13,052	12,937	12,830	12,773	12,810	12,609	12,522	12,483	12,492	12,347	12,292	12,257	12,231	12,114	12,047	11,768	-21,131	11,100	10,950	43,217	-84,784	42,702	42,525	42,093	38,922	40,477	41,451	41,174	39,522	38,976	38,859	38,779	38,542	38,219	38,210	38,201	37,844	37,844
DILUTED NET INCOME (LOSS) PER SHARE:
Continuing operations
-	-0.45	-0.44	-	-	-0.09	-0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06	0.02	-	0.09	0.05	0.08	-0.14	0.02	-0.02	-0.07	-0.22	1.26	-0.15	-0.20	-0.04	-0.06
Discontinued operations
-	4.53	0.98	-	-	0.15	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	0.08	1.00	-0.06	-0.09	-0.03	-0.07	0.08	0.00	-
Diluted net income per share
-0.85	4.08	0.55	0.13	-0.04	0.06	-0.03	1.75	0.95	-0.02	5.59	-0.02	-0.62	1.43	0.03	0.23	-0.70	0.47	0.37	0.03	-9.47	0.06	0.06	0.02	0.72	0.09	0.05	0.08	0.13	0.10	0.98	-0.13	-0.34	1.26	-0.22	-0.12	-0.04	-0.06
Diluted weighted average shares outstanding
12,532	12,937	12,830	13,293	15,250	12,609	12,522	13,411	13,387	12,347	12,513	12,257	12,406	12,387	12,299	11,824	-25,798	11,876	11,813	47,373	-99,731	47,376	47,544	47,347	45,515	46,212	46,937	45,504	32,770	45,728	38,859	38,779	57,754	45,647	38,210	38,201	37,844	37,844