Tribune publishing company (TPCO)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Dec'13Dec'12
Assets
Current assets:
Cash

60,963

56,526

102,632

98,206

97,560

97,582

214,544

162,731

185,351

185,152

174,200

160,890

198,349

187,125

169,695

95,794

40,832

54,651

41,726

40,218

36,675

59,647

12,538

9,694

13,768

Accounts receivable, (net of allowances of $9,674 and $11,458)

112,754

103,713

112,047

111,618

145,463

135,950

133,103

153,533

122,501

169,791

159,230

161,305

195,519

185,271

191,978

198,049

240,813

208,886

213,854

209,106

234,812

194,185

210,210

251,636

256,985

Inventories

4,820

5,682

6,516

9,267

9,587

11,402

11,017

13,277

7,412

9,167

6,719

10,137

10,950

12,844

15,582

15,277

13,688

13,655

15,952

16,776

16,651

15,334

16,074

14,222

18,347

Prepaid expenses

15,114

-

-

-

18,197

-

-

-

29,663

-

-

-

12,879

-

-

-

12,845

-

-

-

22,503

-

-

11,607

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

5,984

-

-

-

3,979

-

-

-

4,090

-

-

1,963

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,733

34,251

33,459

-

32,437

33,800

37,371

41,103

Prepaid expenses and other current assets

-

21,535

19,534

20,605

-

38,991

22,859

26,870

-

29,457

17,683

22,180

-

19,624

15,627

21,588

-

18,935

16,838

21,231

-

27,944

13,927

-

14,715

Assets related to discontinued operations

-

-

-

-

-

0

0

-

61,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

193,651

187,456

240,729

239,696

270,807

283,925

381,523

356,411

406,705

393,567

357,832

354,512

423,681

404,864

392,882

330,708

312,157

331,860

322,621

320,790

314,731

329,547

286,549

326,493

344,918

Property, plant and equipment
Machinery, equipment and furniture

119,859

127,874

126,650

123,105

124,243

126,423

145,905

130,289

110,598

127,446

110,455

120,382

123,530

248,172

240,976

243,263

120,830

236,408

227,351

219,213

210,217

-

-

64,825

-

Buildings and leasehold improvements

86,403

86,396

85,377

78,411

82,399

81,233

55,473

43,246

36,987

44,391

14,245

14,012

13,388

12,776

12,074

7,452

7,377

7,206

6,919

6,408

6,434

-

-

3,923

-

Property, plant and equipment and finance lease right-of-use asset, gross

206,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, gross

-

214,270

212,027

201,516

206,642

207,656

201,378

173,535

147,585

171,837

124,700

134,394

136,918

260,948

253,050

250,715

128,207

243,614

234,270

225,621

216,651

221,209

87,935

68,748

411,102

Accumulated depreciation

84,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated depreciation

-

89,504

84,141

78,537

74,013

72,132

68,314

77,788

61,473

69,921

66,249

70,655

70,082

134,903

123,515

117,878

55,184

100,357

89,047

78,557

68,076

60,971

21,611

15,973

0

Property, plant and equipment and finance lease right-of-use asset, net, excluding advance payments

121,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net, excluding advance payments

-

-

-

-

132,629

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net, excluding advance payments

-

124,766

127,886

122,979

132,629

135,524

133,064

95,747

86,112

101,916

58,451

63,739

66,836

126,045

129,535

132,837

73,023

143,257

145,223

147,064

148,575

-

-

52,775

-

Advanced payments on property, plant and equipment

2,181

2,186

3,997

11,107

12,334

10,543

11,616

14,007

8,386

2,745

2,014

912

1,030

3,948

4,542

4,001

4,427

7,066

8,287

10,641

13,770

-

-

15,153

-

Property, plant and equipment, net

123,913

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net

-

126,952

131,883

134,086

144,963

146,067

144,680

109,754

94,498

104,661

60,465

64,651

67,866

129,993

134,077

136,838

77,450

150,323

153,510

157,705

162,345

160,238

66,324

67,928

411,102

Other assets
Goodwill

117,675

132,172

132,172

132,172

132,146

134,747

138,201

203,464

45,348

122,640

122,631

122,631

122,469

116,331

116,331

123,992

123,992

127,428

127,038

41,669

41,669

35,404

35,444

15,331

15,331

Intangible assets, net

69,165

70,960

72,896

74,780

77,229

79,383

80,525

144,078

64,996

126,738

127,003

129,179

132,161

134,952

138,176

132,526

133,862

149,169

152,126

85,388

87,272

72,106

74,264

60,482

66,887

Software, net

20,736

23,066

23,270

26,168

27,117

29,515

33,238

39,774

40,700

46,825

49,683

52,399

54,565

-

-

-

67,089

-

-

-

-

-

-

-

-

Lease right-of-use asset

99,480

102,071

106,851

112,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

37,290

-

-

-

43,947

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash, Noncurrent

-

37,290

37,290

43,947

-

43,947

42,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

6,911

7,105

1,364

3,472

2,414

0

0

28,886

1,124

51,635

53,656

53,278

63,977

-

-

-

81,540

-

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

3,855

3,946

2,348

-

3,621

3,906

3,855

-

2,720

1,921

-

3,986

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,370

-

-

2,799

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

64,750

71,828

73,283

-

38,084

38,711

-

37,186

12,207

33,698

39,587

54,188

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

0

17,007

17,005

17,003

17,001

27,511

27,508

27,505

27,500

-

0

-

Other long-term assets

13,457

14,604

14,145

25,613

28,004

30,001

29,502

30,818

31,163

22,468

24,421

24,092

24,047

17,793

15,825

16,457

19,873

25,609

25,051

10,992

3,625

11,891

4,328

1,746

1,385

Assets related to discontinued operations

-

-

-

-

-

0

0

-

180,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

364,714

387,268

387,988

418,545

310,857

317,593

324,066

447,020

363,930

370,306

377,394

381,579

397,219

337,681

363,113

365,611

443,359

360,912

374,343

169,412

200,627

161,828

149,655

119,945

141,777

Total assets

682,278

701,676

760,600

792,327

726,627

747,585

850,269

913,185

865,133

868,534

795,691

800,742

888,766

872,538

890,072

833,157

832,966

843,095

850,474

647,907

677,703

651,613

502,528

514,366

897,797

Liabilities and stockholders’ equity
Current liabilities
Accounts payable

46,482

40,962

45,129

53,098

70,555

65,946

85,625

75,281

65,724

70,393

62,456

57,367

70,148

64,311

69,742

66,000

80,881

73,605

75,576

69,352

81,567

59,377

46,126

36,329

40,238

Employee compensation and benefits

36,305

32,954

42,896

41,895

61,001

40,058

48,989

56,421

49,262

63,854

46,474

56,229

72,311

84,393

82,236

97,714

97,717

90,704

83,058

87,920

74,571

102,122

89,716

103,351

103,399

Deferred revenue

42,773

44,438

47,632

49,814

51,114

53,580

62,675

-

50,314

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable to stockholders

-

-

53,845

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term lease liability

25,380

25,120

21,558

26,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

105

-

-

-

405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

100

100

405

-

405

702

21,829

21,486

21,708

21,845

21,605

21,617

21,608

22,245

21,949

21,826

21,800

22,067

17,911

17,911

13,536

-

0

-

Deferred revenue

-

-

-

-

-

-

-

79,740

-

76,539

78,806

82,047

82,778

77,020

83,096

82,942

81,682

79,901

82,004

74,871

73,004

78,090

78,025

67,934

66,664

Other current liabilities

24,317

41,293

21,283

20,542

21,203

22,309

22,701

24,291

18,453

18,079

18,581

18,564

18,033

19,022

17,871

21,199

31,324

37,158

27,311

27,052

32,435

24,863

19,926

20,866

25,480

Liabilities associated with discontinued operations

0

0

0

6,249

6,249

51,380

107,624

-

55,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

175,362

184,867

232,443

198,396

210,527

233,678

328,316

257,562

260,904

250,573

228,162

235,812

264,887

266,354

275,190

289,804

313,430

303,168

290,016

277,106

279,488

277,988

233,793

228,480

235,781

Non-current liabilities
Long-term lease liability

98,847

102,430

108,416

112,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

3,534

-

3,508

3,988

4,464

4,938

5,330

6,039

6,501

6,960

7,417

7,871

8,324

8,775

5,741

6,139

7,015

-

Pension and postretirement benefits payable

20,338

17,419

18,477

19,096

20,150

17,813

21,069

104,494

23,438

115,367

96,377

99,516

101,674

96,495

99,208

101,736

109,159

127,165

128,819

20,117

27,672

40,881

39,973

45,373

-

Deferred rent

-

0

0

0

-

3

5,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

2,504

-

-

-

2,856

3,086

3,207

-

4,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

6,857

-

-

-

6,799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Workers’ compensation, general liability and auto insurance payable

24,192

26,895

25,703

25,674

30,606

31,453

31,604

-

33,452

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

6,777

6,801

6,775

-

6,773

6,797

326,979

331,065

340,501

340,109

344,312

349,128

353,962

358,547

363,366

367,847

381,946

386,077

325,362

321,822

333,863

-

0

-

Deferred rent

0

-

-

-

25,424

-

-

-

6,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other obligations

5,851

7,861

8,218

17,546

17,197

41,815

32,810

90,201

19,081

90,172

62,205

61,092

60,258

59,361

51,716

49,571

49,968

22,293

23,141

13,043

33,777

10,071

11,480

8,673

61,787

Liabilities associated with discontinued operations

-

-

-

-

-

0

0

-

117,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-current liabilities

158,589

161,382

167,615

181,701

103,032

100,943

101,457

525,208

535,067

549,548

502,679

509,384

515,998

515,148

515,510

521,174

533,934

538,821

545,908

366,846

392,046

390,556

57,592

61,061

-

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

Noncontrolling interest

63,501

54,246

38,243

39,717

39,756

39,371

41,610

42,062

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity
Preferred stock, $.01 par value. Authorized 30,000 shares; no shares issued or outstanding at December 29, 2019 and December 30, 2018

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

Common stock, $.01 par value. Authorized 300,000 shares, 38,017 shares issued and 36,064 shares outstanding at December 29, 2019; 37,551 shares issued and 35,597 shares outstanding at December 30, 2018

380

379

377

376

376

374

372

372

376

374

367

367

365

365

365

318

264

264

263

256

254

254

-

0

-

Additional paid-in capital

177,957

176,227

175,305

172,392

166,668

164,665

163,729

161,099

150,229

144,964

143,270

140,637

139,623

137,199

134,816

62,304

19,251

17,576

15,555

2,719

2,370

804

-

0

-

Retained earnings

135,001

150,902

172,880

225,939

232,401

229,983

233,832

-31,163

-16,390

-16,017

-18,073

-24,914

-21,925

-41,383

-30,928

-35,032

-28,639

-23,809

-10,477

-9,040

-6,937

-20,072

-

0

-

Accumulated other comprehensive income

-2,352

-167

-103

-34

27

4,731

7,113

-15,795

-13,527

-9,382

-9,188

-9,018

-8,814

-3,777

-3,513

-4,043

-3,906

8,443

9,209

10,020

10,482

2,083

-

-310

-

Treasury stock, at cost - 1,954 shares at December 29, 2019 and December 30, 2018

26,160

26,160

26,160

26,160

26,160

26,160

26,160

26,160

51,526

51,526

51,526

51,526

1,368

1,368

1,368

1,368

1,368

1,368

-

-

0

-

-

-

-

Tribune Media Company investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

225,135

-

Total stockholders' equity

284,826

301,181

322,299

372,513

373,312

373,593

378,886

88,353

69,162

68,413

64,850

55,546

107,881

91,036

99,372

22,179

-14,398

1,106

14,550

3,955

6,169

-16,931

211,143

224,825

600,229

Total liabilities and stockholders’ equity

682,278

701,676

760,600

792,327

726,627

747,585

850,269

913,185

865,133

868,534

795,691

800,742

888,766

872,538

890,072

833,157

832,966

843,095

850,474

647,907

677,703

651,613

502,528

514,366

897,797