MEREDITH CORPORATION MDP Balance Sheet

Meredith corporation (MDP)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'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	Sep'10	Jun'10
Assets
Current assets
Cash and cash equivalents
103	21	27	45	52	77	144	437	372	34	27	22	27	44	32	24	17	27	29	22	19	18	30	36	22	25	16	27	24	24	27	25	24	26	18	27	20	18	21	48
Accounts receivable, net
509	616	589	609	594	628	552	545	521	297	286	289	275	284	273	273	281	294	278	284	269	289	263	257	240	238	237	232	226	222	222	215	219	210	213	212	221	238	231	223
Inventories
40	49	66	62	70	59	50	44	43	21	23	21	25	20	21	20	23	23	24	24	29	26	22	24	26	25	28	28	26	24	25	22	28	21	23	21	28	22	25	26
Current portion of subscription acquisition costs
226	255	258	242	216	185	116	145	131	141	150	145	136	147	133	133	132	142	133	122	115	97	92	96	104	103	96	97	98	89	80	75	69	56	52	54	56	55	57	57
Current portion of broadcast rights
-	-	-	-	10	14	18	9	13	16	19	7	7	11	14	4	7	11	14	4	8	12	14	4	5	6	8	2	4	6	8	3	5	7	10	3	7	11	14	5
Disposal Group, Including Discontinued Operation, Assets, Current
0	51	312	321	362	325	691	719	896	-	-	0	-	-	-	-	-	-	-	-	0	54	32	56	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
69	67	72	70	59	85	105	114	136	31	28	19	22	23	25	24	25	31	39	23	27	24	19	17	19	17	20	18	19	21	19	16	16	21	21	13	14	18	16	19
Total current assets
950	1,062	1,326	1,350	1,365	1,376	1,678	2,016	2,114	542	535	505	494	531	501	481	488	531	520	482	470	522	476	493	418	417	408	407	399	389	383	359	363	343	340	333	348	365	368	381
Property, plant, and equipment
Land
-	-	-	-	-	-	-	24	-	-	-	24	-	-	-	24	-	-	-	24	-	-	-	23	-	-	-	20	-	-	-	19	-	-	-	19	-	-	-	19
Buildings and improvements
-	-	-	-	-	-	-	153	-	-	-	153	-	-	-	149	-	-	-	151	-	-	-	143	-	-	-	131	-	-	-	129	-	-	-	127	-	-	-	127
Machinery and equipment
-	-	-	-	-	-	-	359	-	-	-	316	-	-	-	332	-	-	-	324	-	-	-	314	-	-	-	295	-	-	-	290	-	-	-	289	-	-	-	286
Leasehold improvements
-	-	-	-	-	-	-	177	-	-	-	14	-	-	-	14	-	-	-	14	-	-	-	14	-	-	-	14	-	-	-	14	-	-	-	14	-	-	-	14
Capitalized software
-	-	-	-	-	-	-	125	-	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress
-	-	-	-	-	-	-	20	-	-	-	1	-	-	-	8	-	-	-	12	-	-	-	5	-	-	-	1	-	-	-	0	-	-	-	8	-	-	-	3
Property, plant, and equipment
887	905	893	897	873	872	862	861	864	555	547	549	537	536	530	530	526	523	520	527	531	524	502	501	481	467	464	464	461	458	458	455	462	458	454	459	463	457	451	450
Less accumulated depreciation
474	463	448	447	437	423	398	377	367	354	346	359	356	352	346	339	331	324	316	313	320	312	304	296	292	286	283	277	274	268	267	260	264	260	261	272	279	273	268	263
Net property, plant, and equipment
-	442	445	450	435	449	463	483	496	200	200	189	180	183	183	190	195	199	203	213	210	212	197	204	188	180	181	186	187	190	190	194	197	197	193	186	184	183	182	187
Operating lease assets
415	487	501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription acquisition costs
229	242	291	273	176	134	102	66	67	77	78	79	82	97	96	95	99	109	113	103	96	105	104	101	101	99	95	99	94	90	84	75	66	65	52	54	54	53	53	55
Broadcast rights
-	-	-	-	7	8	9	18	21	23	22	21	4	4	4	4	4	5	5	1	2	2	3	3	2	3	4	3	4	2	2	0	1	1	2	1	1	2	2	2
Other assets
260	274	265	269	276	267	269	263	252	69	72	69	56	57	56	57	78	70	70	67	69	87	87	86	74	71	71	69	67	66	67	66	75	75	61	66	52	51	53	59
Intangible Assets, Net (Excluding Goodwill)
1,676	1,754	1,785	1,813	1,893	1,927	1,966	2,006	2,010	926	951	955	908	913	909	913	957	962	967	972	941	930	832	813	660	577	580	584	578	581	581	586	581	554	550	545	548	552	556	552
Goodwill
1,719	1,969	1,979	1,979	1,959	1,955	1,926	1,915	1,898	907	907	907	895	895	883	883	1,000	1,000	998	1,001	1,037	941	840	840	857	788	788	788	732	733	734	733	730	566	544	525	514	512	498	489
Assets
5,664	6,233	6,595	6,136	6,114	6,119	6,417	6,770	6,861	2,747	2,769	2,729	2,621	2,684	2,636	2,626	2,823	2,878	2,878	2,843	2,828	2,802	2,542	2,543	2,303	2,139	2,131	2,140	2,064	2,055	2,045	2,016	2,015	1,805	1,745	1,712	1,705	1,720	1,714	1,727
Liabilities, Redeemable Convertible Preferred Stock, and Shareholders' Equity
Current liabilities
Current portion of operating lease liabilities
35	34	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	0	0	0	17	17	65	62	62	62	62	75	75	71	68	65	62	62	62	62	87	75	25	25	50	50	50	50	105	50	50	50	50	50	50	50	50
Current portion of long-term broadcast rights payable
-	-	-	-	10	13	17	8	12	16	19	9	8	11	15	4	8	12	15	4	8	12	14	4	5	6	8	4	7	9	12	6	9	10	14	8	11	15	18	9
Accounts payable
131	149	217	242	219	186	161	195	209	83	76	66	75	75	74	82	71	76	96	93	83	76	77	81	60	57	62	78	58	48	50	72	56	52	67	82	56	65	68	109
Compensation and benefits
-	-	-	-	-	-	-	122	-	-	-	69	-	-	-	71	-	-	-	71	-	-	-	57	-	-	-	56	-	-	-	52	-	-	-	53	-	-	-	54
Distribution expenses
-	-	-	-	-	-	-	10	-	-	-	5	-	-	-	10	-	-	-	13	-	-	-	8	-	-	-	12	-	-	-	12	-	-	-	13	-	-	-	14
Other taxes and expenses
-	-	-	-	-	-	-	278	-	-	-	28	-	-	-	34	-	-	-	79	-	-	-	69	-	-	-	64	-	-	-	52	-	-	-	48	-	-	-	40
Accrued expenses and other liabilities
193	274	199	307	281	338	344	410	397	105	123	102	119	127	111	116	152	130	144	163	139	149	116	136	128	132	111	132	117	131	114	117	109	106	91	115	112	126	113	109
Contract with Customer, Liability, Current
412	428	473	458	424	409	360	393	398	202	212	219	198	213	198	199	206	222	214	206	212	184	165	173	189	193	189	191	195	190	184	180	186	166	148	151	158	160	161	159
Disposal Group, Including Discontinued Operation, Liabilities, Current
0	1	243	252	187	155	186	200	204	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
773	888	1,170	1,260	1,123	1,103	1,069	1,225	1,240	473	494	459	464	491	475	477	509	510	536	531	506	484	436	483	459	415	396	456	428	430	411	482	411	387	371	408	388	418	412	438
Long-term debt
2,337	2,355	2,394	2,333	2,459	2,507	2,937	3,117	3,120	631	642	635	568	611	622	618	631	730	753	732	763	796	659	627	450	315	345	300	305	315	355	275	370	200	200	145	175	195	235	250
Operating lease liabilities
476	484	495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term broadcast rights payable
-	-	-	-	9	10	11	20	23	24	23	22	5	5	5	5	6	6	7	2	3	4	4	4	3	4	6	5	5	4	4	3	5	5	6	5	6	7	8	8
Unearned revenues
269	299	341	318	229	189	155	132	132	107	105	106	111	131	130	128	138	154	158	151	155	166	151	151	155	163	158	163	149	155	149	141	139	143	120	120	122	125	126	130
Deferred income taxes
461	520	519	506	518	511	433	437	461	263	397	384	372	361	346	336	358	352	313	311	297	287	284	277	258	259	255	247	231	223	213	204	185	176	167	160	149	127	122	114
Other noncurrent liabilities
200	205	200	203	200	211	203	217	228	100	97	124	126	127	152	170	162	161	163	162	172	140	105	108	107	110	111	112	112	109	110	112	104	99	99	97	103	105	104	96
Total liabilities
4,518	4,753	5,122	4,622	4,540	4,532	4,811	5,150	5,206	1,601	1,761	1,733	1,648	1,728	1,732	1,737	1,806	1,914	1,932	1,891	1,898	1,879	1,641	1,652	1,435	1,267	1,273	1,285	1,233	1,238	1,244	1,218	1,215	1,012	965	937	945	980	1,008	1,038
Redeemable, convertible Series A preferred stock, par value $1 per share, $1,000 per share liquidation preference
553	549	544	540	535	531	526	522	518	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable noncontrolling interests
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity
Additional paid-in capital
225	223	222	216	212	212	207	199	198	58	56	54	54	55	56	54	56	58	55	49	47	43	40	41	45	48	47	50	48	47	48	53	54	51	53	58	70	71	67	66
Retained Earnings (Accumulated Deficit)
371	702	711	759	817	839	865	889	917	1,060	924	915	895	879	830	818	931	873	861	870	848	844	824	814	792	793	781	775	760	748	730	722	716	712	697	687	669	649	619	604
Accumulated other comprehensive loss
-50	-41	-50	-46	37	41	38	-36	23	17	18	19	-22	-23	-26	-28	-15	-12	-14	-12	-10	-9	-7	-8	-15	-15	-15	-16	-21	-22	-22	-23	-15	-15	-15	-16	-26	-26	-27	-28
Stockholders' Equity Attributable to Parent
592	930	928	974	1,038	1,055	1,079	1,097	1,136	1,146	1,007	996	972	955	904	889	1,017	964	946	951	929	923	901	891	868	871	857	854	831	817	800	797	800	793	780	774	759	740	705	688
Equity attributable to noncontrolling interests
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities, redeemable convertible preferred stock, and shareholders' equity
5,664	6,233	6,595	6,136	6,114	6,119	6,417	6,770	6,861	2,747	2,769	2,729	2,621	2,684	2,636	2,626	2,823	2,878	2,878	2,843	2,828	2,802	2,542	2,543	2,303	2,139	2,131	2,140	2,064	2,055	2,045	2,016	2,015	1,805	1,745	1,712	1,705	1,720	1,714	1,727
Series preferred stock
Series preferred stock, par value $1 per share, Authorized 2,500 shares; none issued
0	0	0	0	0	0	0	0	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Common Stock
Common stock, par value $1 per share
40	40	40	40	40	40	-	39	39	39	39	39	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Common stock, par value $1 per share
5	5	5	5	5	5	-	5	5	5	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-