LEE ENTERPRISES, INC LEE Income Statement

Lee enterprises, inc (LEE)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	Dec'17	Sep'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Jun'10
Operating revenue:
Operating revenue
122,343	-	127,284	-	136,201	-	-	132,618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and Marketing Services Revenue
-	-	-	62,934	-	-	-	-	-	71,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Circulation Revenue
-	-	-	45,076	-	-	-	-	-	45,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
-	-	-	14,694	-	-	-	-	-	10,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and marketing services
-	-	-	-	-	-	73,538	-	71,553	-	84,661	84,661	79,545	-	81,247	77,533	93,035	86,801	92,294	88,731	105,637	97,318	100,934	98,017	115,830	107,852	110,284	102,720	122,391	110,844	113,944	107,382	128,899	124,891	120,546	112,419	137,322	107,279	132,996	124,053	151,766	140,813
Subscription
-	-	-	-	-	-	48,165	-	45,972	-	48,269	48,269	50,615	-	47,410	45,009	48,888	49,754	47,160	46,658	50,430	48,570	47,394	48,111	50,399	46,083	43,339	41,952	45,452	43,447	43,583	43,970	46,056	44,862	42,098	42,505	44,506	36,221	44,875	44,821	45,478	45,072
Other revenues, net
-	-	-	-	-	-	10,915	-	10,280	-	10,856	10,856	10,052	-	10,698	10,845	12,066	11,623	11,492	11,446	12,338	10,210	10,350	10,429	10,981	12,339	9,502	9,421	9,542	11,205	9,492	9,251	9,701	8,749	9,101	9,708	10,214	6,021	9,435	9,852	10,424	10,520
Total operating revenue
-	-	-	122,704	-	-	132,618	-	127,805	127,805	143,786	143,786	140,212	-	139,355	133,387	153,989	148,178	150,946	146,835	168,405	156,098	158,678	156,557	177,210	166,274	163,125	154,093	177,385	165,496	167,019	160,603	184,656	178,502	171,745	164,632	192,042	149,521	187,306	178,726	207,668	196,405
Operating expenses:
Compensation
43,243	42,673	45,373	47,785	47,038	49,612	47,862	48,570	48,656	49,363	50,911	51,619	-	54,062	51,577	52,414	55,056	55,019	57,218	58,850	58,665	57,413	58,442	61,236	61,937	61,511	60,330	59,071	62,142	62,327	62,340	64,209	65,955	68,187	67,975	68,426	69,839	52,469	74,458	76,529	78,020	78,372
Newsprint and ink
4,736	4,843	5,230	5,825	6,339	7,029	6,442	6,442	5,640	5,640	5,838	5,838	-	5,688	6,123	6,200	6,893	6,768	6,604	6,053	6,685	6,335	7,421	7,661	8,846	8,874	9,224	9,334	10,562	10,124	10,471	10,712	12,174	12,939	12,366	12,244	14,086	10,663	14,632	14,849	15,674	13,618
Other operating expenses
48,462	47,793	48,157	48,016	49,743	50,822	49,159	49,159	49,315	49,315	50,357	50,357	-	49,650	48,571	48,756	52,777	52,394	53,356	54,107	58,869	55,524	56,538	56,866	60,237	61,800	53,840	52,712	55,157	55,124	53,461	53,259	54,211	56,084	51,317	51,280	54,821	46,401	55,969	57,476	59,669	57,686
Depreciation and amortization
6,719	-	7,347	-	7,529	-	-	7,904	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	8,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	7,386	-	-	3,606	-	3,685	8,016	3,757	-	-	-	4,011	4,008	4,071	-	4,323	4,325	4,327	4,557	4,559	4,686	4,616	5,221	5,293	5,275	5,131	5,194	5,327	5,294	5,487	5,643	5,811	5,948	6,041	5,249	6,559	7,293	6,523	6,844
Amortization of intangible assets
-	-	-	-	-	-	4,298	-	4,331	-	4,296	-	-	-	6,285	6,310	6,309	-	6,545	6,616	6,616	6,549	6,836	6,880	6,880	6,881	6,901	6,916	6,893	5,590	9,542	9,539	9,554	9,564	10,438	10,770	10,924	10,341	11,047	11,201	11,283	11,307
Impairment of intangible and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	336	-	-	-	0	-	-	-	-	-	-	-	187,325	-	-	-
Assets loss (gain) on sales, impairments and other, net
-814	-2,676	195	-83	100	-7,626	-101	-101	1,300	1,300	-2	-2	-	-2,626	61	3,783	-68	-809	354	438	971	328	-686	-5	257	-284	-9	1,641	-10	-	112	-150	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Restructuring costs and other
1,632	6,022	2,792	2,759	62	1,401	1,865	1,865	1,816	1,816	468	468	-	1,151	3,902	2,405	65	209	424	588	604	1,396	1,056	641	211	340	419	299	207	420	945	512	803	1,470	2,404	468	298	1,199	2,086	443	192	395
Total operating expenses
105,606	111,077	108,704	111,854	110,611	124,283	113,333	114,041	112,143	112,850	115,629	116,337	-	123,465	120,408	116,310	125,239	125,888	128,116	130,101	134,795	131,446	135,538	137,975	142,470	147,555	136,352	131,966	140,102	309,945	141,974	143,675	148,184	155,275	150,311	149,136	156,009	143,286	352,076	167,791	171,361	168,222
Curtailment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,974	1,991	10,172	0
Equity in earnings of associated companies
1,569	1,824	1,451	1,717	2,129	3,680	1,578	1,578	1,608	1,608	2,383	2,383	-	1,575	1,616	1,729	2,689	1,900	1,825	2,009	2,799	2,139	1,705	1,653	2,757	1,949	1,836	1,593	2,919	2,014	1,893	1,733	3,045	1,227	1,762	1,430	2,812	1,073	1,225	1,148	2,705	1,934
Reduction of investment in TNI Partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	-	-	0
Operating income
18,306	14,412	20,031	12,567	27,719	19,143	20,863	20,155	17,270	16,563	30,540	29,832	-	18,322	20,563	18,806	31,439	24,190	24,655	18,743	36,409	26,791	24,845	20,235	37,497	20,668	28,609	23,720	40,202	-142,435	26,938	18,661	39,517	24,454	23,196	16,926	38,845	7,408	-171,571	14,074	49,184	30,117
Non-operating income (expense):
Gain on Insurance Settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	30,646	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141	110	76	-	79	102	78	79	85	101	120	81	134	5	80	124	3	54	55	117	102	18	59	63
Interest expense
11,115	11,232	11,860	12,140	12,256	13,005	12,913	12,913	13,274	13,274	13,650	13,650	-	13,653	14,331	14,637	14,952	15,027	15,783	16,281	17,142	17,095	18,121	18,403	18,790	18,691	19,654	20,552	20,827	21,057	21,991	22,933	23,466	25,546	24,468	20,312	12,752	12,896	13,223	13,140	13,437	14,354
Debt financing and administrative costs
1,196	-	4,196	-	896	-	-	1,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs and amortization
-	-	-	962	-	-	1,747	-	1,217	1,217	1,096	1,096	1,354	-	1,438	1,075	951	1,384	1,196	2,034	1,333	1,393	1,445	1,493	1,102	992	21,732	99	104	89	468	42	47	42	42	715	2,024	2,698	6,053	1,895	1,966	1,997
Other, net
1,593	1,082	3,702	-1,636	665	114	519	1,227	681	1,388	-157	551	-	2,544	3,336	4,427	3,170	-7,188	-413	688	645	6,328	-1,082	2,318	-1,178	4,608	-1,701	27	94	423	520	-61	7,007	-2,533	0	0	0	611	668	-231	-453	0
Total non-operating expense, net
-10,718	-11,310	-12,354	-14,738	-12,487	-14,142	-14,141	-13,433	-13,810	-13,103	-14,903	-14,195	-	-12,463	-12,433	-11,285	-12,733	-23,926	-17,251	13,129	-17,754	-12,419	-20,569	-17,476	-20,992	-14,996	-43,002	-20,523	-20,717	-20,642	-21,805	-23,031	-16,426	-27,997	-24,507	-20,973	-14,721	-14,866	-18,506	-15,248	-15,797	-16,288
Income (loss) before reorganization costs and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,543	-1,311	-4,047	24,124	-7,458	-190,077	-1,174	33,387	-
Reorganization costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,765	148	-250	36,626	1,241	0	0	0	0	-
Income (loss) before income taxes
-	-	-	-2,171	-	-	6,722	-	3,460	3,460	15,637	15,637	5,859	-	8,130	7,521	18,706	264	7,404	31,872	18,655	14,372	4,276	2,759	16,505	5,672	-14,393	3,197	19,485	-163,077	5,133	-4,370	23,091	-3,691	-1,061	-40,673	22,883	-7,458	-190,077	-1,174	33,387	13,829
Income before income taxes
7,588	-	7,677	-	15,232	-	-	6,722	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
1,871	1,757	1,505	156	4,513	563	1,972	1,972	927	927	-19,690	-19,690	-	2,358	1,843	1,144	6,266	-397	3,037	12,389	7,147	4,238	2,141	717	6,498	2,297	-4,882	1,492	7,383	-74,541	3,165	-808	9,439	-3,103	-119	-14,416	8,477	-211	-34,637	275	14,407	3,790
Income (loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-88,536	1,968	-3,562	13,652	-588	-942	-26,257	14,406	-	-	-	-	-
Discontinued Operations, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	-2,293	1,046	-2,439	-412	-285	218	-	-	-	-	-
Net income
5,717	1,345	6,172	-2,327	10,719	4,438	4,750	4,750	2,533	2,533	35,327	35,327	-	3,501	6,287	6,377	12,440	661	4,367	19,483	11,508	10,134	2,135	2,042	10,007	3,375	-9,511	1,705	12,102	-88,535	1,968	-5,855	14,698	-3,027	-1,354	-26,542	14,624	-8,772	-155,440	-1,449	18,980	10,039
Net income attributable to non-controlling interests
397	526	406	351	358	372	292	292	294	294	324	324	-	316	292	249	267	257	275	255	271	253	253	242	254	212	235	219	210	162	173	140	118	127	119	83	70	52	77	23	35	20
Income attributable to Lee Enterprises, Incorporated
5,320	819	5,766	-2,678	10,361	4,066	4,458	4,458	2,239	2,239	35,003	35,003	-	3,185	5,995	6,128	12,173	404	4,092	19,228	11,237	9,881	1,882	1,800	9,753	3,163	-9,746	1,486	11,892	-88,697	1,795	-5,995	14,580	-3,154	-1,473	-26,625	14,554	-8,824	-155,517	-1,472	18,945	10,019
Other comprehensive income (loss), net of income taxes
317	-17,002	-122	-122	-122	4,304	27	27	-36	-36	27	27	-	5,706	55	894	55	-6,374	-43	-43	-43	-5,869	-192	-192	-192	-16,173	-441	-442	-441	21,380	-93	-93	-93	-7,804	152	152	152	-	1,725	-	-	-
Other comprehensive income (loss), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,274	5,485	-609
Comprehensive income attributable to Lee Enterprises, Incorporated
5,637	-16,183	5,644	-2,800	10,239	8,370	4,485	4,485	2,203	2,203	35,030	35,030	-	8,891	6,050	7,022	12,228	-5,970	4,049	19,185	11,194	4,012	1,690	1,608	9,561	-13,010	-10,187	1,044	11,451	-67,317	1,702	-6,088	14,487	-10,958	-1,321	-26,473	14,706	-25,497	-153,792	-4,746	24,430	9,410
Income (Loss) from Continuing Operations Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-88,698	1,795	-3,702	13,534	-715	-1,061	-26,340	14,336	-	-	-	-	-
Earnings per common share:
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.71	0.03	-0.07	0.26	-0.05	-0.02	-0.53	0.32	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.04	0.02	-0.04	-0.01	-0.01	0.00	-	-	-	-	-
Basic: (in dollars per share)
0.09	0.02	0.10	-0.05	0.19	0.08	0.08	0.08	0.04	0.04	0.64	0.64	-	0.06	0.11	0.11	0.23	0.01	0.08	0.36	0.21	0.18	0.04	0.03	0.19	0.06	-0.19	0.03	0.23	-1.70	0.03	-0.12	0.28	-0.09	-0.03	-0.54	0.32	-0.20	-3.46	-0.03	0.42	0.22
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.71	0.03	-0.07	0.26	-0.05	-0.02	-0.53	0.32	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.04	0.02	-0.04	-0.01	-0.01	0.00	-	-	-	-	-
Diluted: (in dollars per share)
0.09	0.02	0.10	-0.05	0.18	0.07	0.08	0.08	0.04	0.04	0.63	0.63	-	0.06	0.11	0.11	0.22	-0.01	0.08	0.36	0.21	0.19	0.03	0.03	0.18	0.07	-0.19	0.03	0.22	-1.70	0.03	-0.12	0.28	-0.09	-0.03	-0.54	0.32	-0.20	-3.46	-0.03	0.42	0.22
Advertising and Marketing Services [Member]
Operating revenue
65,727	-	65,754	-	75,962	-	-	73,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription and Circulation [Member]
Operating revenue
41,694	-	46,620	-	46,268	-	-	48,165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other [Member]
Operating revenue
14,922	-	14,910	-	13,971	-	-	10,915	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-