TRIBUNE MEDIA COMPANY TRCO Balance Sheet

Tribune media company (TRCO)

Balance Sheet / Yearly

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
Assets
Current Assets
Cash and Cash Equivalents, at Carrying Value
1,314	1,294	1,063	887	828	795	673	602	380	346	577	643	366	324	247	350	403	1,171	1,455
Restricted cash and cash equivalents
16	16	16	16	16	16	17	17	17	17	17	17	17	18	17	17	17	17	17
Accounts receivable (net of allowances of $3,662 and $4,461)
421	405	416	393	405	383	420	390	397	384	429	425	447	433	416	427	425	415	440
Broadcast rights
72	87	98	105	81	91	129	148	105	137	157	186	140	158	160	203	99	127	147
Income taxes receivable
17	17	23	57	17	18	18	14	15	7	9	2	21	29	42	4	36	-	4
Current assets of discontinued operations
-	-	-	-	-	-	-	0	0	0	62	-	-	-	72	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	34	28	29
Prepaid expenses
27	26	19	27	29	21	20	22	22	32	35	53	35	42	57	68	56	-	26
Other
8	7	7	11	21	23	14	8	7	11	6	9	9	26	6	48	40	-	38
Prepaid expenses and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	-
Total current assets
1,878	1,854	1,645	1,500	1,402	1,349	1,292	1,206	946	937	1,296	1,339	1,039	1,032	1,021	1,158	1,113	1,843	2,160
Properties
Machinery, equipment and furniture
-	-	-	-	-	-	318	-	-	-	280	-	-	-	250	-	-	-	240
Buildings and leasehold improvements
-	-	-	-	-	-	171	-	-	-	154	-	-	-	209	-	-	-	253
Property, plant and equipment
646	636	687	667	653	677	490	654	644	686	435	752	698	700	459	971	984	968	493
Accumulated depreciation
285	277	266	260	249	243	233	224	210	198	187	202	182	164	142	151	130	119	102
Property, Plant and Equipment, Net
-	-	-	-	-	-	256	-	-	-	247	-	-	-	317	-	-	-	391
Land
-	-	-	-	-	-	157	-	-	-	214	-	-	-	268	-	-	-	422
Construction in progress
-	-	-	-	-	-	26	-	-	-	61	-	-	-	30	-	-	-	36
Net properties
361	358	421	407	403	433	440	430	433	488	523	550	515	535	615	820	853	849	850
Other Assets
Broadcast rights
70	82	95	113	98	105	133	144	144	148	153	174	163	186	203	309	148	159	157
Operating lease right-of-use assets
196	151	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
3,228	3,228	3,228	3,228	3,228	3,229	3,228	3,228	3,228	3,228	3,227	3,563	3,562	3,563	3,228	3,945	3,946	3,916	3,918
Other intangible assets, net
1,370	1,405	1,442	1,487	1,529	1,571	1,613	1,655	1,735	1,777	1,819	2,092	2,141	2,192	1,990	2,296	2,342	2,348	2,397
Non-current assets of discontinued operations
-	-	-	-	-	-	-	0	0	0	608	-	-	-	-	-	-	-	-
Non-current assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	838	-	-	-	-
Assets held for sale
62	60	0	28	28	0	38	93	54	16	17	17	295	313	-	41	-	-	5
Long-term Investments
1,154	1,136	1,264	1,231	1,213	1,205	1,281	1,273	1,423	1,473	1,674	1,667	1,652	1,641	1,692	1,664	1,669	1,654	1,717
Other
140	141	152	163	154	151	139	141	78	82	80	92	96	107	118	178	172	188	189
Total other assets
6,223	6,206	6,184	6,253	6,253	6,264	6,436	6,537	6,665	6,726	7,580	7,608	7,912	8,004	8,071	8,434	8,280	8,267	8,385
Assets
8,462	8,420	8,251	8,161	8,059	8,047	8,169	8,174	8,045	8,151	9,401	9,497	9,466	9,573	9,708	10,413	10,247	10,960	11,396
Liabilities and Equity [Abstract]
Liabilities [Abstract]
Current Liabilities
Accounts payable
42	43	44	41	46	43	48	42	46	49	60	65	61	67	53	55	77	64	77
Debt due within one year (net of unamortized discounts and debt issuance costs of $7,917)
-	-	-	-	-	-	-	0	17	17	19	19	19	19	19	26	26	4	4
Income taxes payable
55	101	9	8	43	76	36	71	52	97	21	64	8	4	2	62	0	12	252
Income tax reserves
-	-	-	-	-	-	-	-	-	-	-	-	125	-	-	-	-	-	-
Employee compensation and benefits
57	45	79	65	58	46	71	60	68	51	77	75	70	70	73	83	66	65	80
Contracts payable for broadcast rights
212	220	232	264	210	215	253	273	207	220	241	253	193	206	236	253	148	158	178
Deferred revenue
13	12	12	13	14	13	11	12	11	12	13	45	39	40	14	40	32	33	34
Interest payable
30	14	30	14	30	14	30	14	30	13	30	13	30	13	33	-	-	-	12
Operating lease liabilities (Note 3)
19	24	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current liabilities of discontinued operations
-	-	-	-	-	-	-	0	0	0	54	-	-	-	59	-	-	-	-
Deferred spectrum auction proceeds
-	-	-	0	0	0	172	-	-	-	0	-	-	-	-	-	-	-	-
Dividends payable to shareholders and accrued payments to warrant holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	648	-
Other
53	40	42	38	29	30	30	212	40	34	32	41	43	47	46	93	63	64	44
Total current liabilities
485	502	451	447	432	440	654	686	475	497	550	579	593	470	540	615	415	1,051	684
Non-Current Liabilities
Long-term debt (net of unamortized discounts and debt issuance costs of $25,995 and $29,434)
2,929	2,927	2,926	2,924	2,922	2,920	2,919	2,917	3,010	3,014	3,391	3,395	3,400	3,404	3,409	3,459	3,465	3,490	3,490
Deferred income taxes
516	515	573	581	528	527	508	759	836	861	984	1,026	1,043	985	890	1,060	1,157	1,153	1,156
Contracts payable for broadcast rights
171	201	233	259	232	252	300	326	275	292	314	348	318	349	385	425	262	272	279
Contract intangible liability, net
-	-	-	-	-	-	-	-	-	-	-	0	5	9	13	18	26	30	34
Pension obligations, net
374	375	380	325	363	390	396	428	434	438	444	431	437	450	456	450	457	461	469
Postretirement, medical, life and other benefits
8	8	8	9	9	9	9	9	10	11	11	15	15	15	13	17	21	20	21
Operating lease liabilities
192	143	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other obligations
117	118	154	155	159	161	163	155	79	78	62	69	68	72	68	64	65	64	64
Non-current liabilities of discontinued operations
-	-	-	-	-	-	-	0	0	0	95	-	-	-	99	-	-	-	-
Total non-current liabilities
4,310	4,291	4,276	4,255	4,215	4,262	4,297	4,597	4,646	4,697	5,304	5,287	5,289	5,288	5,336	5,495	5,456	5,493	5,516
Liabilities
4,796	4,794	4,728	4,702	4,647	4,702	4,952	5,284	5,122	5,194	5,855	5,866	5,882	5,758	5,877	-	-	-	6,201
Commitments and Contingent Liabilities
-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders’ Equity
Preferred stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
Authorized: 40,000,000 shares; No shares issued and outstanding at June 30, 2015 and at December 28, 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Common Stock
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Treasury stock, at cost: 14,102,185 shares at June 30, 2019 and December 31, 2018
632	632	632	632	632	632	632	632	632	632	632	557	469	412	400	333	253	232	67
Additional paid-in-capital
4,045	4,035	4,031	4,023	4,017	4,012	4,011	4,028	4,044	4,051	4,561	4,573	4,586	4,600	4,619	4,611	4,604	4,595	4,591
Retained earnings
368	327	223	98	66	4	-114	-443	-424	-393	-308	-327	-472	-311	-322	82	78	105	718
Accumulated Other Comprehensive Income (Loss), Net of Tax
-120	-110	-104	-37	-41	-39	-48	-71	-71	-74	-81	-63	-66	-67	-71	-59	-55	-52	-46
Total Tribune Media Company shareholders’ equity
3,661	3,620	3,517	3,453	3,411	3,345	3,217	2,882	2,916	2,951	3,539	3,625	3,578	3,809	3,826	4,301	4,373	4,415	5,195
Noncontrolling interests
5	5	5	5	0	0	0	7	6	5	5	5	5	5	5	1	1	-	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
3,666	3,625	3,523	3,458	3,411	3,345	3,217	2,889	2,923	2,957	3,545	3,630	3,583	3,814	3,831	4,302	4,375	-	5,195
Total Liabilities and Shareholders’ Equity
8,462	8,420	8,251	8,161	8,059	8,047	8,169	8,174	8,045	8,151	9,401	9,497	9,466	9,573	9,708	10,413	10,247	10,960	11,396
Class A Common Stock
Common Stock
0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Common Stock
0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-