Entercom communications corp. (ETM)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
INCOME (LOSS) FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) available to common shareholders

-432,475

-420,212

-319,623

-320,882

-344,432

-361,435

257,924

224,414

227,837

231,834

10,820

18,802

23,772

38,065

40,754

37,776

33,689

29,184

25,946

23,977

25,367

26,823

25,480

25,882

27,638

26,024

23,864

25,166

12,066

11,268

16,989

17,043

68,984

71,054

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

46,725

45,331

47,795

47,220

46,921

44,288

37,223

29,519

21,370

15,546

10,409

9,993

9,993

9,793

9,792

9,523

8,911

8,419

8,076

7,813

7,775

7,794

7,785

7,870

8,195

8,545

9,154

9,859

10,404

10,839

10,983

11,008

11,143

11,276

0

0

0

Net amortization of deferred financing costs (net of original issue discount and debt premium)

168

157

64

265

334

327

-139

364

864

1,371

2,440

2,560

2,705

2,897

3,008

3,118

3,192

3,203

3,178

3,470

3,794

4,165

4,274

4,241

4,195

4,144

4,447

4,545

4,583

4,651

4,232

4,000

3,806

3,592

0

0

0

Net deferred taxes (benefit) and other

13,950

5,407

-17,778

-63,495

-59,215

-61,798

-301,054

-257,776

-257,141

-263,551

-6,330

-1,686

2,085

14,688

24,811

22,244

19,196

18,322

17,814

17,808

19,165

19,811

20,947

21,340

22,555

22,422

24,131

26,666

15,209

13,296

4,178

4,990

-19,502

-17,345

0

0

0

Tax benefit on exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

-

-

-

0

0

0

0

0

0

0

0

Provision for bad debts

8,579

4,549

3,584

5,015

6,253

8,909

10,652

8,063

6,288

3,715

1,943

1,952

1,382

1,330

1,764

1,732

1,636

1,553

1,023

964

979

1,004

1,066

900

790

824

983

885

667

390

430

1,011

1,671

1,672

0

0

0

Net (gain) loss on sale or disposal of assets

3,040

7,640

3,985

14,757

16,597

12,158

12,158

1,720

1,642

-11,853

-12,844

-12,856

-12,177

1,621

2,957

3,016

2,671

2,364

767

747

499

379

-45

-141

1,310

1,251

1,610

1,456

-144

-138

-144

-97

-159

-163

0

0

0

Non-cash stock-based compensation expense

14,089

15,882

13,859

14,462

14,809

15,149

16,359

14,149

11,887

9,567

6,508

6,591

6,651

6,539

6,087

6,001

5,894

5,524

5,578

5,280

5,135

5,232

5,041

4,666

4,336

4,270

4,752

5,134

5,499

5,754

5,426

5,723

5,928

7,671

0

0

0

Net (gain) loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-21

-21

-21

-21

0

0

0

0

-73

-123

-123

-123

-80

-30

-30

-30

0

0

0

Gain Loss On Sale Of Derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

558

1,346

0

0

-558

-1,346

0

0

0

Increase Decrease In Deferred Rent Receivables

-

-

-

-

-

-

-

-

-414

-

179

240

68

-138

-745

-906

-973

-1,017

-624

-747

-729

-807

-743

-535

-358

-206

-128

-88

-153

-516

-625

-644

-593

-191

0

0

0

Increase Decrease In Deferred Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

-15

-15

-12

-33

-49

-71

-75

-82

-210

-54

-43

-15

134

0

-5

5

0

0

0

Net loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

-747

-747

-747

-747

-1,144

-1,144

-1,144

-1,144

0

0

0

Deferred compensation

-1,601

6,118

337

1,438

1,319

-1,357

4,267

3,624

3,383

4,247

2,454

2,548

2,325

1,683

2,077

756

452

584

381

978

1,371

1,291

1,681

2,316

2,219

2,380

1,949

1,782

1,463

1,762

2,403

1,113

1,242

727

0

0

0

Tax benefit for vesting of restricted stock unit awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Impairment loss

546,507

545,457

0

0

0

-

-

-

-

-

-

-

-

254

62

62

62

0

0

0

0

0

0

0

850

850

850

850

22,307

22,307

22,307

22,307

0

0

0

0

0

Accretion expense, net of asset retirement obligation adjustments

63

65

64

63

62

60

422

305

42

37

-337

-222

34

27

23

18

12

13

20

20

-13

-11

-17

-17

18

18

23

25

22

-87

-91

-97

-98

88

0

0

0

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

72

72

189

165

130

165

136

118

97

73

45

32

0

0

0

Changes in assets and liabilities (net of effects of acquisitions, and dispositions):
Accounts receivable

26,258

30,856

47,637

20,106

-7,580

-1,777

-16,629

-29,661

-39,297

14,127

2,869

977

3,227

4,202

2,917

4,843

2,930

4,027

2,491

2,797

-1,010

-565

3,905

728

1,653

1,678

-6,526

-1,536

3,440

2,138

6,028

513

-2,574

-208

0

0

0

Prepaid expenses and deposits

7,923

283

5,806

-9,622

3,409

-1,431

-18,818

550

-13,431

-14,267

1,403

254

1,998

1,368

1,448

592

373

-642

723

1,337

639

1,586

-284

196

622

743

1,032

-96

-263

-1,692

-728

-2,264

-1,317

6

0

0

0

Increase Decrease In Income Taxes Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-7

-15

-286

-271

-210

-304

-97

-493

0

0

0

Accounts payable and accrued liabilities

-29,958

-27,777

-19,307

13,670

-11,778

1,217

27,862

-18,410

9,138

8,370

6,436

5,502

394

-739

-4,651

-4,994

-1,073

700

929

1,196

1,447

1,633

2,681

1,028

-644

-952

-532

-1,335

804

-535

-4,598

-3,508

-3,832

524

0

0

0

Accrued interest expense

11,371

3,875

7,919

1,916

-6,735

-6,278

7,460

900

13,126

4,169

-6,468

-946

-7,433

40

-270

-22

682

769

54

-44

-47

-132

768

671

-512

-523

-3,706

-401

142

302

11,288

2,352

8,752

2,926

0

0

0

Accrued liabilities - long-term

7,694

9,931

12,654

15,766

27,045

21,871

18,586

15,047

2,094

2,414

1,693

1,739

1,804

1,894

1,167

-8

-194

-146

402

1,391

1,563

1,311

1,320

1,372

1,728

1,140

988

1,078

457

772

1,441

1,084

2,224

739

0

0

0

Prepaid expenses - long-term

-

-

-

-

-

-

-

2,609

3,091

2,874

1,375

4,974

4,552

4,458

2,711

-799

-1,270

-1,115

-668

-669

482

398

406

411

-200

-200

-200

-200

-657

-657

-1,335

-1,042

-553

-537

0

0

0

IncreaseDecreaseInContractReceivablesNet

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract Liabilities

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

134,549

132,188

113,613

125,163

102,095

102,249

96,883

49,570

89,337

29,112

46,454

62,357

54,036

72,030

73,002

69,476

69,106

64,790

59,914

56,612

63,593

65,296

65,026

66,723

64,621

63,349

69,626

73,228

70,905

69,702

70,381

69,797

82,845

85,525

0

0

0

INVESTING ACTIVITIES:
Additions to property and equipment

60,480

70,476

67,804

51,524

43,046

29,837

32,079

30,808

23,519

20,530

15,076

12,043

8,795

7,336

5,385

4,337

6,014

7,043

6,992

8,370

8,769

8,408

8,213

6,679

4,995

4,325

5,403

5,154

3,770

3,688

3,459

4,401

5,724

5,712

0

0

0

Proceeds from sale of radio stations and other assets

4,818

29,321

31,704

209,977

209,803

185,761

242,362

60,963

60,952

60,505

874

878

4,188

7,974

7,139

7,135

4,220

427

2,479

2,487

2,145

2,153

80

73

23

8

9

17

24

29

28

51

161

231

0

0

0

Purchases of audio assets

-

-

-

-

-

71,434

71,434

15,000

0

24,000

24,000

24,092

24,092

92

1,993

83,553

83,553

83,553

0

0

0

-

-

-

0

0

0

300

25,325

25,325

25,325

25,025

0

9,000

0

0

0

Additions to amortizable intangible assets

6,655

7,425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments To Acquire non-amortizable intangible assets

-

-

-

-

-

-

-

-

1,308

-

77

-39

235

112

-778

-211

-7

100

1,055

624

639

800

1,129

1,110

890

475

64

138

855

857

812

824

144

1,185

0

0

0

Purchases of investments

-

-

-

-

-

1,250

1,250

10,950

10,950

9,700

0

0

0

-

-

-

-

9

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Proceeds from sale of property reflected as restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

0

0

-55

0

72

116

233

209

175

165

301

482

460

437

244

32

0

0

0

Gain Loss On Contract Termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Proceeds From Insurance Settlement Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Escrow Deposit Disbursements Related to Property Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

-

-

-

-

0

0

0

0

1,350

0

0

0

CashAcquiredFromAcquisition

-

-

-

-

-

-

-

-

0

-

0

0

0

302

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-104,253

-90,516

-64,969

158,717

153,251

141,478

217,436

13,878

36,512

17,310

-48,695

-35,758

-29,175

495

-1,124

-82,019

-86,815

-91,744

-87,220

-6,507

-7,318

-7,055

-9,190

-7,600

-5,629

-4,583

-5,283

-5,410

-29,625

-29,359

-29,108

-29,762

-5,463

-14,284

0

0

0

FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

26,500

-13,500

-2,500

0

25,500

27,500

28,500

33,000

29,000

26,000

43,000

36,000

499,000

594,000

577,500

587,500

0

0

0

Proceeds From Issuance Of Other Long Term Debt

-

-

-

-

-

-

-

-

0

-

0

0

0

102

102

102

102

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Borrowing under the revolving senior debt

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Unsecured Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

0

217,078

217,078

217,078

217,078

0

0

0

Payments of long-term debt

353,578

521,700

496,330

668,351

240,023

81,348

622,756

650,739

654,070

669,750

285,016

304,016

309,435

293,266

99,262

86,008

71,336

51,250

19,250

13,500

26,750

53,000

69,500

83,508

85,237

86,023

90,531

91,530

86,308

68,529

735,028

825,528

840,527

852,527

0

0

0

Payments of revolving senior debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of employee stock plan

1,191

1,329

1,408

1,462

1,486

1,428

1,051

709

322

182

367

561

560

379

194

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Proceeds from the exercise of stock options

0

244

329

330

384

153

88

85

50

42

248

257

267

265

39

34

7

35

75

85

87

82

68

67

141

245

234

252

211

135

122

94

68

71

0

0

0

Purchase of vested employee restricted stock units

2,873

2,905

2,737

2,740

3,149

5,186

5,198

5,234

3,592

2,565

2,609

2,578

2,562

2,268

2,240

2,235

2,366

1,562

2,126

2,126

1,962

1,514

1,388

1,382

1,920

1,640

2,004

2,059

1,676

1,367

565

555

1,620

3,057

0

0

0

Payment of dividends on common stock

20,535

30,273

39,961

49,771

49,759

49,770

50,149

48,375

38,821

29,296

19,444

11,617

11,582

8,666

5,772

2,886

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Payment of dividend equivalents on vested restricted stock units

1,247

1,201

1,147

1,144

1,951

873

2,535

2,526

1,059

1,556

-112

-107

-101

-94

-91

-98

-98

-7

-7

0

0

0

0

0

0

0

0

0

0

-43

-44

-45

-46

-512

0

0

0

Repurchase of common stock

-

-

-

-

-

30,040

30,054

30,054

30,054

10,042

0

0

0

-

-

-

-

0

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Retirement of senior subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Realization Of Tax Benefits For Payment Of Resticted Stock Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Deferred financing expenses related to bank facility amendment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,040

1,040

1,040

1,040

1,074

1,074

1,074

1,241

20,104

20,104

20,104

19,937

0

0

0

Payments Of Stock Issuance Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

220

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends on preferred stock

-

-

-

-

-

-

-

-

2,024

2,574

2,200

2,063

1,925

1,788

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

90,676

-213,537

-273,716

-293,475

-221,850

-85,636

-49,298

-32,114

-95,781

-59,098

-2,281

-29,078

-34,793

-34,851

-71,181

-20,049

-14,237

4,583

20,472

-13,541

-15,625

-38,932

-46,360

-58,363

-59,556

-55,458

-64,375

-68,220

-45,847

-35,045

-39,541

-35,251

-67,651

-71,384

0

0

0

NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

120,972

-171,865

-225,072

-9,595

33,496

158,091

265,021

31,334

30,068

-12,676

-4,522

-2,479

-9,932

37,674

697

-32,592

-31,946

-22,371

-6,834

36,564

40,650

19,309

9,476

760

-564

3,308

-32

-402

-4,567

5,298

1,732

4,784

9,731

-143

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest

92,067

101,155

81,964

106,911

98,792

96,843

81,381

49,285

34,085

24,813

32,996

29,515

38,713

34,568

35,330

35,673

35,041

34,822

35,133

35,089

35,384

35,593

35,630

37,045

39,448

41,010

45,878

44,530

46,174

48,568

33,776

34,909

30,237

18,393

0

0

0

Income taxes

38,607

39,100

53,877

49,927

55,962

54,217

20,499

20,689

2,020

2,030

394

350

296

381

339

208

205

81

81

81

94

79

79

79

69

69

69

69

1

99

99

99

263

82

0

0

0

Dividends on common stock

20,535

30,273

39,961

49,771

49,759

49,770

50,149

48,375

38,821

29,296

19,444

11,617

11,582

8,666

5,772

2,886

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Dividends on preferred stock

-

-

-

-

-

-

-

-

2,024

2,574

2,200

2,063

1,925

1,788

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-