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

1,477,954

1,489,929

1,487,186

1,479,553

1,471,012

1,462,567

1,297,806

1,041,597

794,443

592,884

471,726

471,068

467,669

464,771

460,122

453,143

432,164

414,481

395,187

380,365

379,974

379,789

377,859

376,455

377,493

377,618

380,127

383,986

387,318

388,924

381,966

380,100

380,179

382,727

390,330

395,689

0

0

0

OPERATING EXPENSE:
Station operating expenses

1,087,683

1,086,617

1,089,330

1,095,869

1,092,538

1,099,278

998,704

806,906

622,071

443,512

339,757

335,993

328,721

323,270

319,742

316,894

303,162

290,814

274,120

262,369

260,590

259,184

257,228

254,842

252,542

252,596

252,854

249,469

251,276

252,934

252,376

258,428

261,948

264,195

270,665

269,383

0

0

0

Depreciation and amortization expense

46,725

45,331

47,794

47,219

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

11,624

12,119

0

0

0

Corporate general and administrative expenses

80,606

84,304

73,556

70,041

71,758

69,492

72,681

66,119

55,963

47,859

37,216

36,678

36,295

33,328

31,677

29,840

27,798

26,479

26,168

26,527

26,435

26,572

26,588

25,308

24,570

24,381

24,602

24,892

25,473

25,874

25,130

24,352

24,616

26,609

25,828

25,504

0

0

0

Integration costs

3,800

4,300

6,661

8,733

16,771

25,400

21,984

19,223

9,729

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

10,171

6,976

8,764

8,039

5,363

5,830

19,941

19,089

18,403

16,922

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

546,507

545,457

0

28,988

0

-

0

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

0

0

Merger and acquisition costs

932

941

723

986

1,640

3,014

19,155

27,283

32,425

41,313

24,963

16,808

10,979

708

-1,084

224

2,255

3,978

6,774

4,796

2,765

1,042

0

0

0

0

0

0

0

0

-775

-775

-775

767

1,542

1,542

0

0

0

Other expenses related to financing

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net time brokerage agreement (income) fees

66

106

430

267

-452

-918

-1,146

-996

-330

130

451

451

451

417

-540

-1,285

-1,285

-1,285

-745

0

0

0

0

0

0

0

0

-4

238

238

238

242

0

244

244

244

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

764

744

496

379

28

-68

1,383

1,321

1,610

1,456

-144

-138

-144

-97

-159

-163

-327

-216

0

0

0

Total operating expense

1,777,831

1,770,786

1,690,144

1,683,268

1,711,937

1,728,186

1,188,096

997,135

761,154

580,300

426,838

413,977

399,373

366,714

359,550

355,100

341,090

328,899

313,629

300,761

297,069

294,213

291,573

288,088

284,774

285,051

285,850

283,610

309,842

312,330

310,403

315,659

297,091

303,254

310,230

309,008

0

0

0

OPERATING INCOME (LOSS)

-299,877

-280,857

-202,958

-203,715

-240,925

-265,619

109,710

44,462

33,289

12,584

44,888

57,091

68,296

98,057

100,572

98,043

91,074

85,582

81,558

79,604

82,905

85,576

86,286

88,367

92,719

92,567

94,277

100,376

77,476

76,594

71,563

64,441

83,088

79,473

80,100

86,681

0

0

0

INTEREST EXPENSE

98,504

100,103

101,508

102,175

102,937

101,121

88,968

69,521

49,948

32,521

27,672

30,210

33,224

36,639

37,191

37,908

38,074

37,961

37,677

37,698

38,197

38,821

39,877

41,163

42,661

44,232

46,414

48,661

50,847

53,446

49,296

41,262

33,020

24,919

25,122

27,041

0

0

0

Investment Income Interest And Dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net loss on extinguishment of debt

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

-747

-747

-747

-747

-1,144

-1,144

-1,144

-1,144

0

0

0

0

0

Gain Loss On Derivative Instruments Net Pretax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

558

1,346

0

0

-558

-1,346

0

0

0

0

0

Net (gain) loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

-21

-21

0

0

0

0

-73

-123

-123

-123

-80

-30

-30

-30

0

0

0

0

0

Other income

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-55

0

72

72

189

165

130

165

136

118

97

73

45

32

32

21

0

0

0

OTHER (INCOME) EXPENSE

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

10,854

1,102

548

-21

-39,805

-41,091

-42,472

-44,067

-47,104

-49,366

-51,023

-52,852

-50,423

-42,363

-34,707

-27,407

-25,086

-27,012

0

0

0

INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT)

-400,427

-383,006

-306,247

-307,671

-343,862

-366,740

16,607

-29,194

-20,794

-24,072

6,358

18,322

26,513

52,859

65,680

60,135

53,000

47,621

43,860

41,885

44,632

46,734

46,481

47,276

50,247

48,500

47,173

51,010

26,453

23,742

21,140

22,078

48,381

52,066

55,014

59,669

0

0

0

INCOME TAX (BENEFIT) EXPENSE

32,048

37,206

12,996

13,190

1,394

-4,153

-239,204

-252,515

-248,932

-257,085

-6,224

-1,580

2,191

14,794

24,926

22,359

19,311

18,437

17,914

17,908

19,265

19,911

21,001

21,394

22,609

22,476

23,309

25,844

14,387

12,474

4,151

5,035

-20,603

-18,988

-13,661

-15,037

0

0

0

NET INCOME (LOSS)

-432,475

-420,212

-319,243

-320,861

-345,256

-348,381

270,017

237,527

242,344

233,013

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividend

-

0

-

-

-

0

-

-

1,465

2,015

2,313

2,176

2,038

1,901

1,764

1,577

1,165

752

339

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-420,212

-319,243

-320,861

-

-362,587

255,559

222,406

226,673

230,998

10,269

17,726

22,284

36,164

38,990

36,199

32,524

28,432

21,230

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

-378

-20

-

1,152

2,366

2,008

1,164

836

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-420,212

-319,621

-320,881

-

-361,435

257,925

224,414

227,837

231,834

10,819

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

68,675

74,706

0

0

0

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