EMMIS COMMUNICATIONS CORP EMMS Income Statement

Emmis communications corp (EMMS)

Income statement / TTM

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
-	113,315	113,375	113,896	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET REVENUES
-	-	-	-	-	-	-	-	-	-	-	198,730	-	221,959	225,274	228,982	231,433	233,979	237,325	236,667	237,938	231,480	221,141	214,284	205,146	201,475	199,740	197,702	196,084	178,943	181,625	190,040	202,218	242,380	255,521	0	0	0
OPERATING EXPENSES:
Station operating expenses excluding depreciation and amortization expense
-	85,460	88,070	89,279	-	67,986	85,163	110,059	119,758	137,799	155,239	168,326	180,085	181,869	180,097	180,840	183,394	183,781	185,067	183,626	181,009	174,970	168,578	164,223	159,009	154,520	153,371	151,211	154,071	141,427	147,654	158,532	167,294	192,747	200,488	0	0	0
Corporate expenses excluding depreciation and amortization expense
-	17,917	9,777	10,363	-	10,538	10,741	10,477	10,712	10,246	11,143	11,058	11,359	11,801	11,214	12,248	13,023	13,566	13,997	13,851	14,922	15,373	15,785	17,514	17,024	18,092	18,156	17,247	17,819	16,670	17,925	16,733	19,096	18,679	18,404	0	0	0
LMA fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,208	4,208	4,208	3,825	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Impairment losses
-	-	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	11,419	0	0	0	-	-	-	-	-	-
Hungary license litigation and related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-
Impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Depreciation and amortization
-	3,021	3,103	3,164	-	2,390	2,925	3,449	3,628	3,799	4,051	4,452	4,806	5,158	5,558	5,679	5,797	5,885	5,835	6,023	5,926	5,685	5,421	5,043	4,866	4,817	4,817	4,773	4,722	2,742	2,934	3,739	4,725	7,791	8,747	0	0	0
Gain on contract settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of radio and publishing assets, net of disposition costs
-	-	0	-	31,817	31,761	31,950	108,671	76,604	94,151	94,197	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on legal matter
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	0	-2	10	11	8	-96	-128	-123	9,877	9,977	10,000	9,199	-798	-795	0	0	0	-
Total operating expenses
57,332	54,646	51,890	49,913	19,599	49,845	67,268	15,510	57,690	75,985	77,036	170,246	182,660	194,005	209,537	208,322	211,769	271,196	273,054	269,730	272,001	198,473	192,529	192,492	182,949	180,364	179,182	175,231	179,535	163,489	170,769	181,851	192,784	220,012	228,434	0	0	0
OPERATING INCOME (LOSS)
-17,622	-15,571	-12,755	-10,257	20,292	28,492	35,617	120,819	90,797	85,865	105,768	28,484	31,908	27,954	15,737	20,660	19,664	-37,217	-35,729	-33,063	-34,063	33,007	28,612	21,792	22,197	21,111	20,558	22,471	16,549	15,454	10,856	8,189	9,434	22,368	27,087	0	0	0
OTHER EXPENSE:
Interest expense
3,821	5,047	5,485	5,992	7,152	8,360	10,053	13,118	15,143	16,303	17,784	17,994	18,018	18,626	18,913	19,100	18,956	19,487	20,114	20,047	17,101	13,500	9,817	6,747	7,068	8,334	11,983	17,053	20,899	20,078	19,058	18,457	19,904	23,027	23,895	0	0	0
Loss on debt extinguishment
-	0	-	-	-779	-771	-910	-3,433	-2,662	-3,140	-3,001	0	-	0	0	-	-	0	-	-	-	0	0	-	-	0	0	-	-4,508	-1,144	-1,613	-1,012	-2,006	0	0	0	-	-
Gain on sale of controlling interest in Merlin Media LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other income
730	194	113	135	139	103	73	48	35	-278	-278	-200	-160	354	351	1,090	1,057	-5,803	-5,759	-6,419	-6,418	252	255	120	116	-63	47	-201	-10	-15,752	-16,310	-15,747	-15,951	-184	117	0	0	0
Total other expense
-16,495	-5,371	-5,380	-5,865	-7,792	-9,028	-10,890	-16,503	-17,770	-19,385	-21,205	-18,814	-18,798	-18,750	-18,562	-18,010	-17,899	-25,290	-25,873	-27,921	-24,974	-14,703	-11,670	-7,280	-7,605	-12,417	-15,359	-21,278	-25,417	-36,914	-5,116	-3,351	-5,996	6,591	-25,256	0	0	0
(LOSS) INCOME BEFORE INCOME TAXES
-	-1,196	1,611	3,624	-	19,464	24,727	104,316	73,027	66,480	84,563	9,670	13,110	9,204	-2,825	2,650	1,765	-62,507	-61,602	-60,984	-59,037	18,304	16,942	14,512	14,592	8,694	5,199	1,193	-8,868	-21,460	5,740	4,838	3,438	28,959	1,831	0	0	0
PROVISION (BENEFIT) FOR INCOME TAXES
-9,079	-737	-2,534	-3,347	3,552	-12,772	-9,654	-4,110	-11,732	2,665	2,923	-807	-110	1,375	1,635	1,797	2,069	30,530	34,169	35,510	36,948	-25,894	-29,690	-31,853	-34,063	-1,180	-936	-2,449	-7,039	-6,518	-36,196	-33,960	-32,287	-26,649	3,745	0	0	0
INCOME (LOSS) FROM CONTINUING OPERATIONS
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,829	-14,942	41,936	38,798	35,725	55,608	-1,914	0	0	0
DISCONTINUED OPERATIONS, NET OF TAX
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,250	-4,997	-161	-46	0	0	0
CONSOLIDATED NET INCOME
51,919	62,824	11,769	4,356	26,079	39,210	38,093	108,426	84,759	63,815	81,640	10,477	13,220	7,829	-4,460	853	-304	-93,037	-95,771	-96,494	-95,985	44,198	46,632	46,365	48,655	19,830	19,798	56,081	48,251	20,312	73,378	28,548	30,728	55,447	-1,960	0	0	0
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
1,434	1,888	2,846	2,819	2,727	2,668	2,542	2,545	2,630	1,982	1,852	311	101	-3,515	-3,676	-2,422	-2,418	1,294	1,285	2,196	3,274	4,498	5,482	5,404	5,174	5,194	4,835	4,698	4,479	4,237	4,270	4,445	4,535	5,101	5,257	0	0	0
NET INCOME ATTRIBUTABLE TO THE COMPANY
50,485	60,936	8,923	1,537	23,352	36,542	35,551	105,881	82,129	61,833	79,788	10,166	13,119	11,344	-784	3,275	2,114	-94,331	-97,056	-98,690	-99,259	39,700	41,150	40,961	43,481	14,636	14,963	51,383	43,772	16,075	69,108	24,103	26,193	50,346	-7,217	0	0	0
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84,443	96,111	0	0	0	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,949	-65	0	0	0	-
Net income (loss) attributable to common shareholders - continuing operations
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0
Net income attributable to common shareholders - discontinued operations
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0
GAIN ON EXTINGUISHMENT OF PREFERRED STOCK
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	325	325	0	-	0	0	-	-	0	-	-	-	-
PREFERRED STOCK DIVIDENDS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,806	2,708	5,311	6,964	8,591	10,135	9,940	0	0	0
Net income attributable to common shareholders
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,806	14,961	15,288	50,722	41,966	19,424	125,689	79,031	79,494	96,046	-17,157	0	0	0
Discontinued operations
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0
Net (Loss) Income Available to Common Stockholders, Basic
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,806	14,961	15,288	50,722	41,966	19,424	125,689	79,031	79,494	96,046	-17,157	0	0	0
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,080	0	0	0	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Amounts attributable to common shareholders for diluted earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,966	95,283	0	0	-	0	-	-	0	-
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,680	1,300	-1,966	-8,114	55,256	0	0	-	0	-	-	0	-
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