Entercom communications corp. (ETM)
Income statement / Quarterly
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'11Sep'10Jun'10
NET REVENUES

297,030

414,118

386,141

380,665

309,005

411,375

378,508

372,124

300,560

246,614

122,299

124,970

99,001

125,456

121,641

121,571

96,103

120,807

114,662

100,592

78,420

101,513

99,840

100,201

78,235

99,583

98,436

101,239

78,360

102,092

102,295

104,571

79,966

95,134

100,429

104,650

82,514

102,737

105,788

OPERATING EXPENSE:
Station operating expenses

250,051

285,350

273,112

279,170

248,985

288,063

279,651

275,839

255,725

187,489

87,853

91,004

77,166

83,734

84,089

83,732

71,715

80,206

81,241

70,000

59,367

63,512

69,490

68,221

57,961

61,556

67,104

65,921

58,015

61,814

63,719

67,728

59,673

61,256

69,771

71,248

61,920

67,726

68,489

Depreciation and amortization expense

12,498

12,080

11,183

10,964

11,104

14,543

10,608

10,666

8,471

7,478

2,904

2,517

2,647

2,341

2,488

2,517

2,447

2,340

2,219

1,905

1,955

1,997

1,956

1,867

1,974

1,988

2,041

2,192

2,324

2,597

2,746

2,737

2,759

2,741

2,771

2,872

2,892

3,089

3,266

Corporate general and administrative expenses

17,237

26,642

19,412

17,315

20,935

15,894

15,897

19,032

18,669

19,083

9,335

8,876

10,565

8,440

8,797

8,493

7,598

6,789

6,960

6,451

6,279

6,478

7,319

6,359

6,416

6,494

6,039

5,621

6,227

6,715

6,329

6,202

6,628

5,971

5,551

6,466

8,621

5,190

5,227

Integration costs

600

1,055

689

1,456

1,100

3,416

2,761

9,494

9,729

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

4,209

1,023

1,577

3,362

1,014

2,811

852

686

1,481

16,922

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

1,050

545,457

0

0

0

-

0

28,988

-

-

0

441

-

192

0

0

62

0

0

0

0

0

0

0

0

0

0

850

0

0

0

22,307

0

0

0

0

0

0

0

Merger and acquisition costs

0

465

434

33

9

247

697

687

1,383

16,388

8,825

5,829

10,271

38

670

0

0

-1,754

1,978

2,031

1,723

1,042

0

0

0

0

0

0

0

0

0

0

0

-775

0

0

1,542

0

0

Other expenses related to financing

-

-

0

1,864

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net time brokerage agreement (income) fees

0

0

13

53

40

324

-150

-666

-426

96

0

0

34

417

0

0

0

-540

-745

0

0

0

0

0

0

0

0

0

0

0

-4

242

0

0

0

0

244

0

0

Net (gain) loss on sale or disposal of assets

0

4,957

-231

-1,686

4,600

1,302

10,541

154

161

1,302

103

76

-13,334

311

91

755

464

1,647

150

410

157

47

130

162

40

-304

34

1,613

-22

-15

-120

13

-16

-21

-73

-49

-20

-185

38

Total operating expense

285,667

869,610

306,651

315,903

278,622

788,968

299,775

344,572

294,871

248,878

108,814

108,591

114,017

95,416

95,953

93,987

81,358

88,252

91,503

79,977

69,167

72,982

78,635

76,285

66,311

70,342

75,150

72,971

66,588

71,141

72,910

99,203

69,076

69,214

78,166

80,635

75,239

76,190

76,944

OPERATING INCOME (LOSS)

11,363

-455,492

79,490

64,762

30,383

-377,593

78,733

27,552

5,689

-2,264

13,485

16,379

-15,016

30,040

25,688

27,584

14,745

32,555

23,159

20,615

9,253

28,531

21,205

23,916

11,924

29,241

23,286

28,268

11,772

30,951

29,385

5,368

10,890

25,920

22,263

24,015

7,275

26,547

28,844

INTEREST EXPENSE

23,621

24,683

25,256

24,944

25,220

26,088

25,923

25,706

23,404

13,935

6,476

6,133

5,977

9,086

9,014

9,147

9,392

9,638

9,731

9,313

9,279

9,354

9,752

9,812

9,903

10,410

11,038

11,310

11,474

12,592

13,285

13,496

14,073

8,442

5,251

5,254

5,972

8,645

7,170

Investment Income Interest And Dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

Net loss on extinguishment of debt

-

-

0

-1,781

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

-747

0

0

0

-1,144

0

0

0

0

0

Gain Loss On Derivative Instruments Net Pretax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

558

788

-1,346

0

0

0

0

0

Net (gain) loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-21

0

0

0

0

0

0

0

-73

-50

0

0

-30

0

0

0

0

0

Other income

-

-

0

-1,781

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-55

55

72

0

62

31

37

35

33

13

16

11

5

0

16

0

OTHER (INCOME) EXPENSE

-

-

-

-

-

-

-

-

-

-

0

0

-

-

2,299

0

-

18,592

0

-9,313

-9,279

29,446

-9,752

-9,867

-9,848

-10,338

-11,038

-11,248

-11,443

-13,375

-13,300

-12,905

-13,272

-10,946

-5,240

-5,249

-5,972

-8,625

-7,166

INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT)

-12,258

-480,440

54,234

38,037

5,163

-403,681

52,810

1,846

-17,715

-20,334

7,009

10,246

-20,993

10,096

18,973

18,437

5,353

22,917

13,428

11,302

-26

19,156

11,453

14,049

2,076

18,903

12,248

17,020

329

17,576

16,085

-7,537

-2,382

14,974

17,023

18,766

1,303

17,922

21,678

INCOME TAX (BENEFIT) EXPENSE

-3,120

7,097

16,026

12,045

2,038

-17,113

16,220

249

-3,509

-252,164

2,909

3,832

-11,662

-1,303

7,553

7,603

941

8,829

4,986

4,555

67

8,306

4,980

5,912

713

9,396

5,373

7,127

580

10,229

7,908

-4,330

-1,333

1,906

8,792

-29,968

282

7,233

7,416

NET INCOME (LOSS)

-9,138

-487,537

38,208

25,992

3,125

-386,568

36,590

1,597

0

231,830

4,100

6,414

-9,331

-

-

-

4,412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividend

-

0

-

-

-

0

-

-

0

252

663

550

550

550

526

412

413

413

339

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS - CONTINUING OPERATIONS

-

-487,537

38,208

25,992

-

-386,568

36,590

1,597

-14,206

231,578

3,437

5,864

-9,881

10,849

10,894

10,422

3,999

13,675

8,103

6,747

-93

-

6,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of income taxes (benefit)

-

0

0

0

-

-378

358

844

328

836

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-487,537

38,208

25,992

-

-386,946

36,948

2,441

-13,878

232,414

3,437

5,864

-9,881

11,399

11,420

10,834

4,412

14,088

8,442

6,747

-93

10,850

6,473

8,137

1,363

9,507

6,875

9,893

-251

7,347

8,177

-3,207

-1,049

13,068

8,231

48,734

1,021

10,689

14,262

Earnings Per Share, Basic [Abstract]
Net income (loss) from continuing operations per share available to common shareholders - Basic (in dollars per share)

-

-3.64

0.28

0.19

-

-2.80

0.26

0.01

-0.10

4.50

0.09

0.15

-0.25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations per share available to common shareholders - Basic (in dollars per share)

-

0.00

0.00

0.00

-

0.00

0.00

0.01

0.00

0.02

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) PER SHARE - BASIC (in dollars per share)

-0.07

-3.64

0.28

0.19

0.02

-2.80

0.27

0.02

-0.10

4.52

0.09

0.15

-0.25

0.29

0.28

0.27

0.10

0.36

0.21

0.18

0.00

0.28

0.17

0.22

0.04

0.27

0.18

0.26

-0.01

0.21

0.22

-0.09

-0.03

0.35

0.23

1.34

0.03

0.30

0.40

Earnings Per Share, Diluted [Abstract]
Net income (loss) from continuing operations per share available to common shareholders - Diluted (in dollars per share)

-

-3.64

0.28

0.19

-

-2.80

0.26

0.01

-

-

0.09

0.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations per share available to common shareholders - Diluted (in dollars per share)

-

0.00

0.00

0.00

-

0.00

0.00

0.01

-

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)

-0.07

-3.64

0.28

0.19

0.02

-2.80

0.27

0.02

-0.10

4.39

0.09

0.15

-0.25

0.27

0.28

0.26

0.10

0.35

0.21

0.17

0.00

0.27

0.17

0.21

0.04

0.25

0.18

0.26

-0.01

0.20

0.22

-0.09

-0.03

0.34

0.22

1.29

0.03

0.29

0.38

Common Stock Dividends Per Share Cash Paid

-

-

-

-

-

-

-

-

-

-

0.27

0.07

0.07

0.07

0.07

0.07

0.00

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

WEIGHTED AVERAGE SHARES:
Basic (in shares)

134,890

133,985

136,449

138,760

138,099

138,033

138,740

138,639

138,939

88,761

38,954

38,944

38,910

38,600

38,484

38,468

38,447

38,159

38,075

38,074

38,026

38,013

37,692

37,686

37,660

37,803

37,385

37,344

37,138

37,722

36,735

36,685

36,482

36,705

36,366

36,352

36,052

35,722

35,714

Diluted (in shares)

134,890

133,985

136,453

139,074

138,523

138,033

139,102

139,263

138,939

93,246

39,727

39,655

38,910

36,449

41,433

41,130

39,259

40,282

38,912

38,928

38,026

39,226

38,482

38,445

38,501

39,811

38,153

38,102

37,138

-

37,547

36,685

-

37,985

37,463

37,741

37,865

37,309

37,581