Tribune Publishing Company TPCO Income Statement

Tribune publishing company (TPCO)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Jun'18	Apr'18	Mar'18	Dec'17	Sep'17	Sep'17	Jun'17	Jun'17	Mar'17	Mar'17	Dec'16	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Sep'13	Jun'13
Operating revenues
983,149	1,014,375	1,034,118	1,036,828	1,030,669	983,328	0	970,993	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	940,036	979,732	0	0	0
Circulation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	430,055	429,062	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304,188	308,288	0	0	0
Operating revenues
-	-	-	-	-	-	-	-	-	1,513,518	-	-	-	-	-	1,574,275	-	1,606,378	-	1,637,813	1,665,245	1,672,765	1,672,820	1,673,439	1,671,828	1,689,730	1,707,978	1,674,279	1,717,082	0	0	0
Operating expenses:
Compensation
362,450	394,685	419,381	430,028	476,856	478,725	0	468,267	0	454,421	406,279	467,000	276,684	510,456	320,140	568,340	378,024	597,293	443,729	639,860	656,883	662,774	649,905	624,351	617,330	601,885	596,366	0	0	0	-	-
Newsprint and ink
56,785	61,620	65,987	67,639	66,134	66,190	0	62,184	59,505	-	59,241	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Circulation and distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Newsprint and ink
-	-	-	-	-	-	-	-	-	92,850	-	-	-	-	-	101,452	-	103,906	-	107,678	111,673	117,022	122,339	127,633	131,376	135,431	139,634	0	0	0	-	-
Outside services
328,333	328,242	332,265	333,658	380,404	385,558	0	382,558	0	381,266	331,202	399,153	217,550	438,641	257,038	481,079	299,476	-	346,690	0	0	0	-	-	-	-	-	-	-	-	-	-
Other operating expenses
166,614	171,086	176,193	173,267	193,647	194,834	0	184,866	0	187,329	162,495	218,404	62,141	260,206	103,943	297,763	141,500	300,089	175,949	302,398	307,835	307,396	307,080	142,249	192,094	266,783	333,541	0	0	0	-	-
Depreciation and amortization
47,314	50,688	51,606	52,900	55,465	51,971	0	51,916	0	51,961	47,306	52,989	43,669	55,240	45,920	56,553	47,233	57,499	51,363	57,271	57,199	56,048	54,633	0	0	0	-	-	-	-	-	-
Impairment
-	-	-	-	1,872	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales (exclusive of items shown below)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Selling, general and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,233	16,925	0	0	0
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,068	6,541	0	0	0
Operating expenses
975,992	1,008,193	1,047,304	1,059,364	1,181,814	1,184,714	0	1,157,227	0	1,141,918	1,006,523	1,214,867	626,798	1,353,991	765,922	1,505,187	917,118	1,553,265	1,080,260	1,616,528	1,652,364	1,662,599	1,647,853	1,622,091	1,608,395	1,612,903	1,621,276	1,597,097	1,605,318	0	0	0
Income (loss) from operations
7,157	6,182	-13,186	-22,536	-33,895	-24,403	0	-16,531	0	-10,824	8,930	56,261	-24,826	59,218	-21,869	69,088	-11,999	53,113	-16,897	21,285	12,881	10,166	24,967	51,348	63,433	76,827	86,702	77,182	111,764	0	0	0
Gain on investment transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Interest income (expense), net
499	798	1,158	-4,569	-11,383	-18,727	0	-25,540	0	-26,493	-26,334	-25,939	-25,755	-26,102	-25,918	-26,436	-26,252	-26,703	-26,561	-26,967	-27,217	-26,849	-25,972	-25,084	-21,944	-15,666	-9,801	-3,843	-61	0	0	0
Loss on early extinguishment of debt
-	0	0	-	-7,666	0	0	-7,666	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium on stock buyback
-	-	-	-	-	-	-	0	-	0	6,031	6,031	-	6,031	-	6,031	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Loss on equity investments, net
-2,988	-3,295	-1,516	-1,626	-1,868	-2,529	0	-2,498	0	-2,556	-2,725	-2,017	-3,024	-1,804	-2,811	-1,249	-2,256	-690	-1,487	-1,109	-1,454	-1,236	-1,164	-892	-558	-902	-1,180	-1,046	-1,142	0	0	0
Other income (expense), net
-	0	0	0	-	0	0	0	0	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium on stock buyback
-	-	-	-	-	-	-	-	-	-	6,031	-	6,054	-	6,147	-	6,196	259	259	489	316	519	1,026	1,023	1,308	1,056	464	50	106	0	0	0
Other non-operating income (expense)
-	-	-	-	14,513	-	-	-	-	-	3,535	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations before income taxes
4,713	7,520	-6,317	-25,474	-39,574	-38,775	0	-41,239	0	-32,233	-22,625	23,051	-58,741	25,879	-55,913	35,637	-46,155	-	-44,939	0	0	0	-	-	-	-	76,741	73,727	111,939	0	0	0
Income tax expense (benefit)
1,620	-3,906	-10,186	-8,933	-13,236	-3,656	0	5,841	0	1,686	7,188	21,209	-11,267	21,864	-10,612	25,626	-6,850	18,924	-9,576	5,676	-5,021	-6,695	-430	11,568	18,397	27,656	34,453	28,624	44,754	0	0	0
Income (loss) from continuing operations
3,093	11,461	3,939	-16,506	-39,863	-48,644	0	-60,640	-47,479	-	-29,813	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plus: Earnings (loss) from discontinued operations, net of taxes
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax
-	-	-5,463	275,804	289,510	-	0	313,402	41,638	-	35,348	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-244	-3,264	-1,524	259,298	249,501	246,325	0	252,616	0	-5,987	5,535	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Income attributable to noncontrolling interest
4,825	3,422	2,033	555	856	471	0	710	262	-	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Tribune common stockholders
-5,069	-6,686	-3,557	258,743	248,645	245,854	0	251,906	0	-6,249	5,535	25,324	25,324	12,796	12,796	10,011	10,011	6,537	6,537	-12,956	-11,085	-11,743	-2,765	12,781	21,226	33,031	42,288	45,103	67,185	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Income per share - basic and diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.86
Weighted average shares outstanding - basic and diluted (shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,424