Tribune publishing company (TPCO)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Sep'17Sep'17Jun'17Jun'17Mar'17Mar'17Dec'16Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
Operating revenues

252,270

236,027

250,327

244,525

283,496

255,770

253,037

253,037

238,366

-

-

236,155

-

243,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

220,842

242,131

233,035

244,028

260,538

Circulation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107,511

109,010

107,307

106,227

106,518

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,704

78,782

76,180

73,522

79,804

Operating revenues

-

-

-

-

-

-

-

-

-

355,616

-

-

-

-

-

366,116

-

425,422

-

378,236

404,501

398,219

456,857

405,668

412,021

398,274

457,476

404,057

429,923

416,522

423,777

446,860

Operating expenses:
Compensation

85,867

83,066

95,808

97,709

118,102

107,762

106,455

106,455

110,765

144,537

119,971

97,304

97,304

92,609

92,609

133,147

96,395

143,940

-9,624

140,760

150,493

162,100

186,507

157,783

156,384

149,231

160,953

150,762

140,939

143,712

-

-

Newsprint and ink

12,951

12,613

15,118

16,103

17,786

16,980

16,770

16,770

14,598

-

17,842

12,974

12,974

14,091

14,091

-

14,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Circulation and distribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71,408

73,392

73,540

-

-

Newsprint and ink

-

-

-

-

-

-

-

-

-

22,034

-

-

-

-

-

23,524

-

26,732

-

25,101

26,095

25,978

30,504

29,096

31,444

31,295

35,798

32,839

35,499

35,498

-

-

Outside services

86,546

77,549

80,425

83,813

86,455

81,572

81,818

81,818

98,982

130,559

91,609

78,572

78,572

80,526

80,526

114,310

80,495

-

-22,043

118,060

122,964

127,709

-

-

-

-

-

-

-

-

-

-

Other operating expenses

43,010

42,163

39,223

42,218

47,482

47,270

36,297

36,297

32,653

62,598

48,669

37,302

37,302

38,760

38,760

69,887

37,764

72,455

-51,685

79,104

76,317

72,213

74,764

84,541

75,878

71,897

-90,067

134,386

150,567

138,655

-

-

Depreciation and amortization

12,321

11,261

11,648

12,084

15,695

12,179

12,942

12,942

12,446

14,649

12,201

12,124

12,124

12,987

12,987

13,178

9,994

14,700

8,564

14,375

14,300

14,124

14,472

14,303

13,149

12,709

-

-

-

-

-

-

Impairment

-

-

-

-

1,872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales (exclusive of items shown below)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

245,875

253,628

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

143,724

146,823

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,002

2,894

2,740

5,597

5,694

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,143

1,621

1,606

1,698

1,616

Operating expenses

255,191

226,652

242,222

251,927

287,392

265,763

254,282

254,282

269,444

374,377

290,292

238,276

238,276

238,973

238,973

354,046

238,982

383,572

-89,433

377,400

390,169

402,124

446,835

413,236

400,404

387,378

421,073

399,540

404,912

395,751

396,894

407,761

Income (loss) from operations

-2,921

9,375

8,105

-7,402

-3,896

-9,993

-1,245

-1,245

-31,078

-18,761

5,596

-2,121

-2,121

4,462

4,462

12,070

993

41,850

-28,160

836

14,332

-3,905

10,022

-7,568

11,617

10,896

36,403

4,517

25,011

20,771

26,883

39,099

Gain on investment transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,484

-

0

0

Interest income (expense), net

21

-57

315

220

320

303

-5,412

-5,412

-6,564

-6,594

-7,024

-6,510

-6,510

-6,365

-6,365

-6,477

-6,435

-6,587

-6,445

-6,673

-6,699

-6,744

-6,851

-6,923

-6,331

-5,867

-5,963

-3,783

-53

-2

-5

-1

Loss on early extinguishment of debt

-

0

0

-

0

0

-7,666

-7,666

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium on stock buyback

-

-

-

-

-

-

-

0

-

0

0

0

-

0

-

6,031

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss on equity investments, net

267

-2,213

-555

-487

-40

-434

-665

-665

-729

-729

-701

-403

-403

-723

-723

-688

-898

-203

-1,000

-190

-168

-129

-622

-535

50

-57

-350

-201

-294

-335

-216

-297

Other income (expense), net

-

248

-56

73

-

3,640

3,640

3,640

3,663

4,388

-

86

-

284

-

430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium on stock buyback

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

6,031

23

23

93

49

94

253

-80

252

601

250

205

0

9

-164

261

Other non-operating income (expense)

-

-

-

-

3,570

-

-

-

-

-

2,882

-

86

-

284

-

283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations before income taxes

-2,853

7,353

7,809

-7,596

-46

-6,484

-11,348

-11,348

-34,708

-21,696

753

-8,948

-8,948

-2,342

-2,342

-696

-12,088

-

-35,363

-6,120

7,416

-10,872

-

-

-

-

29,840

328

26,148

20,425

26,826

38,540

Income tax expense (benefit)

1,522

480

2,500

-2,882

-4,004

-5,800

3,800

3,753

-6,637

-7,185

5,576

3,697

3,697

-402

-402

2,293

-1,683

15,621

-12,879

4,352

3,360

-4,409

2,373

-6,345

1,686

1,856

14,371

484

10,945

8,653

8,542

16,614

Income (loss) from continuing operations

-4,410

6,873

5,344

-4,714

3,958

-649

-15,101

-15,101

-28,071

-

-4,823

-12,645

-12,645

-1,940

-1,940

-

-10,405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Plus: Earnings (loss) from discontinued operations, net of taxes

-

-12,848

-

-

-

-3,586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-

-

-722

0

-1,155

-

280,545

280,545

13,706

-

4,450

14,701

14,701

8,781

8,781

-

7,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

5,823

-5,975

4,622

-4,714

2,803

-4,235

265,444

265,444

-14,365

-14,511

-373

2,056

2,056

6,841

6,841

-2,989

-2,989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Income attributable to noncontrolling interest

1,788

1,150

1,926

-39

385

-239

448

448

262

-

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Income attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

262

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Tribune common stockholders

4,035

-7,125

2,696

-4,675

2,418

-3,996

264,996

264,996

-14,627

-14,773

-373

2,056

2,056

6,841

6,841

-2,989

-2,989

19,416

19,416

-10,472

4,056

-6,463

-77

-8,601

3,398

2,515

15,469

-156

15,203

11,772

18,284

21,926

Income (loss) from continuing operations per share:
Basic (in dollars per share)

-0.48

-0.25

0.10

-0.13

0.10

-0.01

-0.44

-0.44

-0.81

-0.42

-0.14

-0.38

-0.38

-0.06

-0.06

-0.08

-0.29

0.53

-0.66

-0.29

0.12

-0.22

0.00

-0.33

0.13

0.10

0.61

-0.01

0.60

0.46

0.72

-

Diluted (in dollars per share)

-0.48

-0.25

0.10

-0.13

0.10

-0.01

-0.44

-0.44

-0.81

-0.42

-0.14

-0.38

-0.38

-0.06

-0.06

-0.08

-0.29

0.53

-0.66

-0.29

0.12

-0.22

0.00

-0.33

0.13

0.10

0.61

-0.01

0.60

0.46

0.72

-

Net income (loss) attributable to Tribune per common share:
Basic (in dollars per share)

-0.19

-0.61

0.08

-0.13

0.07

-0.11

7.51

7.51

-0.42

-

-0.01

0.06

0.06

0.21

0.21

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-0.19

-0.61

0.08

-0.13

0.07

-0.11

7.51

7.51

-0.42

-

-0.01

0.06

0.06

0.21

0.21

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding
Basic (in shares)

36,038

35,863

35,711

35,628

35,574

35,409

35,288

35,288

34,801

34,801

33,611

33,242

-

32,825

-

36,306

-

-

36,428

36,415

32,975

29,334

-

-

-

-

25,438

25,430

25,424

25,424

25,424

-

Diluted (in shares)

35,883

35,863

35,866

35,628

35,574

35,409

35,288

35,288

34,801

34,801

33,611

33,242

-

32,825

-

36,306

-

-

36,375

36,415

33,028

29,334

-

-

-

-

25,894

25,430

25,424

25,424

25,424

-

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

0.17

0.17

0.17

0.17

0.17

0.00

0.00

0.00

-

-

Change in unrecognized benefit plan gain arising during the period, net of taxes of $866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Fresh-start reporting adjustment included in net income to eliminate Predecessor's accumulated other comprehensive income, net of taxes of $6,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other Comprehensive Income (Loss), Net of Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Comprehensive Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,926

Net Income per share - basic and diluted (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.86

Weighted average shares outstanding - basic and diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,424