MEREDITH CORPORATION MDP Income Statement

Meredith corporation (MDP)

Income statement / 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	Mar'10	Dec'09	Sep'09
Revenue from Contract with Customer [Abstract]
Circulation
-	-	-	-	-	-	-	-	-	-	-	-	96,300	66,805	68,668	93,455	96,619	66,351	72,175	92,295	96,037	59,468	65,885	87,669	96,078	67,733	75,734	87,878	91,458	67,398	75,489	78,432	76,331	63,902	66,589	65,328	66,453	63,737	65,940	67,950	74,598	67,209	69,879
All other
-	-	-	-	-	-	-	-	-	-	-	-	118,400	108,708	105,322	110,738	103,750	98,491	93,821	102,528	96,132	98,015	87,268	98,987	89,161	92,784	82,171	94,864	82,914	76,103	71,546	85,726	77,710	81,179	77,003	98,596	87,218	88,441	71,975	91,763	79,575	81,778	70,720
Total revenues
701,700	810,500	725,200	785,600	750,100	878,400	774,400	802,700	651,000	417,700	392,800	445,379	425,400	442,642	399,879	435,750	422,771	406,413	384,666	425,908	398,179	398,905	371,184	390,794	367,414	354,048	356,452	386,973	369,615	360,595	354,157	374,548	345,513	328,717	327,909	352,926	338,881	365,933	342,740	360,218	353,343	336,855	332,415
Operating expenses
Production, distribution, and editorial
257,400	280,100	273,700	279,700	286,500	305,900	289,100	301,500	250,400	159,500	156,600	159,647	149,900	148,625	150,228	150,318	156,739	151,065	153,178	162,323	154,448	140,283	141,887	149,265	144,766	132,216	140,777	144,725	141,605	134,117	140,611	145,813	136,454	128,412	136,885	139,572	134,437	137,251	142,841	133,771	144,517	142,911	151,093
Selling, General and Administrative Expense
294,200	338,400	330,800	344,000	309,700	346,000	350,300	347,800	294,600	174,400	170,700	188,564	192,200	170,643	174,993	188,933	183,045	176,792	174,730	174,176	182,015	175,452	163,676	167,442	168,386	158,341	161,072	172,853	166,873	158,058	156,314	161,763	159,352	134,940	142,971	148,975	142,130	148,506	141,932	156,230	142,044	146,617	139,637
Acquisition, disposition, and restructuring related activities
6,500	-500	14,100	39,300	16,800	27,700	17,100	19,700	138,800	14,900	-3,300	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
53,500	58,600	58,500	57,300	61,500	65,100	63,700	64,000	40,000	12,400	12,600	13,055	13,300	13,549	13,896	14,421	14,613	14,986	15,080	14,859	14,610	14,308	12,769	2,308	23,033	11,590	11,795	11,365	11,091	10,967	11,927	12,582	11,407	10,505	9,832	10,132	9,965	9,663	9,785	10,356	10,313	10,117	10,103
Impairment of long-lived assets
384,100	0	5,200	41,800	0	0	0	-	0	19,800	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger termination fee net of merger-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59,664	3,457	12,666	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
995,700	676,600	682,300	762,100	674,500	744,700	720,200	735,900	723,800	381,000	336,600	377,766	355,400	332,817	339,117	522,313	294,733	346,300	355,654	352,616	351,073	330,043	318,332	330,217	336,185	302,147	313,644	328,943	319,569	303,142	308,852	320,158	307,213	273,857	289,688	298,679	286,532	295,420	294,558	300,357	296,874	299,645	300,833
Income (loss) from operations
-294,000	133,900	42,900	23,500	75,600	133,700	54,200	66,800	-72,800	36,700	56,200	67,613	70,000	109,825	60,762	-86,563	128,038	60,113	29,012	73,292	47,106	68,862	52,852	60,577	31,229	51,901	42,808	58,030	50,046	57,453	45,305	54,390	38,300	54,860	38,221	54,247	52,349	70,513	48,182	59,861	56,469	37,210	31,582
Non-operating income (expense), net
-2,400	-7,200	8,600	6,900	4,100	5,900	7,300	6,600	-7,200	700	600	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-36,600	-36,900	-38,900	-39,500	-38,600	-50,900	-41,600	-41,300	-45,600	-5,200	-5,100	-4,772	-4,600	-4,679	-4,749	-4,718	-5,104	-5,265	-5,313	-5,146	-5,179	-4,785	-4,242	-3,500	-3,408	-2,555	-2,713	-3,200	-3,228	-3,316	-3,686	21,803	-3,283	-2,897	-2,719	22,978	-3,147	-3,351	-3,511	3,847	3,952	5,744	5,041
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	6	9	10
Earnings (loss) from continuing operations before income taxes
-333,000	89,800	12,600	-9,100	41,100	88,700	19,900	32,100	-125,600	32,200	51,700	63,741	65,400	105,146	56,013	-91,281	122,934	54,848	23,699	68,146	41,927	64,077	48,610	57,077	27,821	49,346	40,095	54,830	46,818	54,137	41,619	50,393	35,017	51,963	35,502	51,318	49,202	67,162	44,671	56,040	52,523	31,475	26,551
Income Tax Expense (Benefit)
-43,600	27,700	500	-5,500	12,700	600	3,700	15,400	-30,100	-127,200	18,300	20,419	25,600	33,341	22,040	-729	42,030	22,329	12,670	25,567	16,671	24,486	19,245	16,632	9,335	18,777	16,054	21,027	17,397	18,566	16,764	20,411	13,848	20,369	13,875	18,043	18,026	26,065	18,609	21,000	19,224	12,521	8,210
Earnings (loss) from continuing operations
-289,400	62,100	12,100	-3,600	28,400	88,100	16,200	16,700	-95,500	159,400	33,400	-	39,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,275	31,176	41,097	26,062	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
5,000	-24,300	-6,000	-9,400	-4,700	-69,500	800	100	-14,700	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,944	-339	-540	-355	-	-	-	-
Net earnings
-	-	-	-	-	-	-	-	-	-	33,400	-	39,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-284,400	37,800	6,100	-13,000	23,700	18,600	17,000	-	-110,200	159,400	-	43,322	39,800	71,805	33,973	-90,552	80,904	32,519	11,029	42,579	25,256	39,591	29,365	40,445	18,486	30,569	24,041	33,803	29,421	35,571	24,855	29,982	21,169	31,594	21,627	30,331	30,837	40,557	25,707	33,369	33,299	18,954	18,341
Earnings (loss) attributable to common shareholders
-304,100	18,000	-13,900	-32,500	4,700	-1,600	-2,600	-3,200	-123,200	159,400	33,400	-	39,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings (loss) per share attributable to common shareholders
Basic earnings per share for continuing operations (in usd per share)
-6.76	0.93	-0.17	-0.51	0.20	1.50	-0.07	-0.09	-2.41	3.55	0.75	-	0.89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72	0.69	0.90	0.58	-	-	-	-
Basic earnings per share for discontinued operations (in usd per share)
0.11	-0.54	-0.13	-0.21	-0.10	-1.53	0.01	0.01	-0.33	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-0.01	-0.01	-0.01	-	-	-	-
Basic earnings (loss) per common share (in usd per share)
-6.65	0.39	-0.30	-0.72	0.10	-0.03	-0.06	-0.08	-2.74	3.55	0.75	0.97	0.89	1.61	0.76	-2.03	1.81	0.73	0.25	0.95	0.57	0.89	0.66	0.91	0.41	0.68	0.54	0.76	0.66	0.80	0.56	0.68	0.47	0.70	0.48	0.66	0.68	0.89	0.57	0.74	0.73	0.42	0.41
Basic average common shares outstanding (in shares)
45,700	45,700	45,600	45,500	45,300	45,300	45,100	44,900	45,000	44,900	44,800	44,631	44,700	44,511	44,558	44,531	44,617	44,640	44,612	44,597	44,549	44,483	44,459	44,551	44,649	44,696	44,648	44,513	44,404	44,409	44,494	44,653	44,800	44,838	45,009	45,340	45,594	45,571	45,483	45,379	45,331	45,288	45,158
Diluted earnings (loss) per share attributable to common shareholders
Diluted earnings per share for continuing operations (in usd per share)
-6.76	0.91	-0.17	-0.47	0.20	1.46	-0.07	-0.02	-2.41	3.49	0.73	-	0.87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.73	0.68	0.89	0.57	-	-	-	-
Diluted earnings per share for discontinued operations (in usd per share)
0.11	-0.51	-0.13	-0.26	-0.10	-1.47	0.01	0.01	-0.33	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-0.01	-0.01	-0.01	-	-	-	-
Diluted earnings (loss) per common share (in usd per share)
-6.65	0.40	-0.30	-0.73	0.10	-0.01	-0.06	-0.01	-2.74	3.49	0.73	0.96	0.87	1.58	0.75	-2.00	1.79	0.72	0.24	0.94	0.56	0.87	0.65	0.89	0.41	0.67	0.53	0.75	0.65	0.79	0.55	0.66	0.47	0.70	0.48	0.67	0.67	0.88	0.56	0.73	0.73	0.42	0.40
Diluted average common shares outstanding (in shares)
45,700	47,300	45,600	44,000	45,600	47,300	45,100	44,600	45,000	45,600	45,600	45,138	45,600	45,378	45,484	45,578	45,298	45,358	45,366	45,480	45,387	45,268	45,157	45,213	45,376	45,619	45,432	45,282	45,079	44,936	45,043	44,873	45,296	45,044	45,187	45,670	45,998	45,912	45,748	45,661	45,651	45,547	45,317
Dividends paid per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	0.52	0.49	0.49	0.49	0.49	0.45	0.45	0.45	0.45	0.43	0.43	0.43	0.43	0.40	0.40	0.40	0.40	0.38	0.38	0.38	0.38	0.38	0.25	0.25	0.25	0.23	0.23	0.23	0.23	0.22	0.22
Advertising [Member]
Total revenues
332,100	427,300	379,600	400,800	368,000	492,300	425,500	425,300	324,400	231,800	209,200	230,382	210,700	267,129	225,889	231,557	222,402	241,571	218,670	231,085	206,010	241,422	218,031	204,138	182,175	193,531	198,547	204,231	195,243	217,094	207,122	210,390	191,472	183,636	184,317	189,002	185,210	213,755	204,825	200,505	199,170	187,868	191,816
Consumer related
Total revenues
345,600	348,900	323,100	332,700	364,900	368,200	327,800	338,600	281,400	151,700	149,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue [Member]
Total revenues
24,000	34,300	22,500	52,100	17,200	17,900	21,100	38,800	45,200	34,200	34,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-