TRIBUNE MEDIA COMPANY TRCO Income Statement

Tribune media company (TRCO)

Income statement / Quarterly

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
Operating Revenues
Digital and Data
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,561	43,625	50,202	-	43,434	33,807	31,485
Total operating revenues
484,036	454,988	578,733	498,008	489,358	443,635	488,999	450,533	469,517	439,910	529,624	470,038	479,796	468,472	339,112	488,594	501,524	472,737	384,686	474,858	474,979	446,102
Operating Expenses
Programming
134,083	119,887	115,573	161,114	111,635	100,741	106,620	199,118	157,084	141,246	119,288	149,480	122,803	124,167	188,306	116,295	137,682	93,516	85,115	93,928	94,992	80,631
Direct operating expenses
98,087	99,163	99,314	101,847	98,817	101,388	97,604	98,419	96,940	98,807	97,350	99,150	96,523	97,572	50,054	110,808	112,533	102,988	52,940	107,553	103,431	100,273
Selling, general and administrative
129,700	133,262	167,217	142,747	125,878	131,956	133,658	126,507	147,249	165,594	167,687	143,974	148,127	160,634	73,594	153,876	165,122	150,473	63,625	152,148	165,805	137,553
Depreciation
13,867	12,952	13,649	13,501	13,281	13,775	14,553	14,263	13,927	13,571	15,152	14,764	14,467	14,442	10,507	19,027	17,966	17,054	10,201	17,991	17,540	16,711
Amortization
35,018	35,021	41,672	41,675	41,681	41,687	41,678	41,678	41,664	41,659	41,661	41,668	41,670	41,665	20,416	49,780	48,437	47,771	27,409	47,953	61,018	60,674
Gain on sales of spectrum
0	0	0	0	0	133,197	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	213,168	-	-	-	0	-	-	-	-	-	-
Total operating expenses
410,755	400,285	412,768	460,884	391,292	256,350	365,580	479,985	456,864	460,877	441,220	235,868	423,590	438,480	727,974	449,786	481,740	411,802	217,600	419,573	442,786	395,842
Operating Income (Loss)
73,281	54,703	165,965	37,124	98,066	187,285	123,419	-29,452	12,653	-20,967	88,404	234,170	56,206	29,992	-388,862	38,808	19,784	60,935	167,086	55,285	32,193	50,260
Income on equity investments, net
46,527	45,685	45,249	32,381	52,568	39,137	38,506	21,058	40,761	37,037	33,861	31,737	44,306	38,252	27,125	36,987	45,913	36,934	38,938	40,559	118,953	38,263
Interest income
7,726	6,247	-	-	2,336	1,898	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and dividend income
-	-	4,751	3,239	-	-	1,269	827	548	505	390	476	228	132	148	162	43	367	583	363	147	171
Interest expense
43,777	43,615	43,570	42,842	41,990	40,631	40,055	40,389	40,185	38,758	38,211	38,296	38,071	38,141	26,472	42,529	40,374	39,212	22,814	39,150	39,146	40,519
Pension and other postretirement periodic benefit credit, net
4,524	4,630	-	7,035	6,985	7,084	-	5,703	5,673	5,735	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishments and modification of debt
-	-	-	0	-	-	0	-1,435	0	-19,052	0	0	0	0	-	0	37,000	-	-	0	0	-
Gain on investment transactions
0	86,272	0	-5,001	0	3,888	-2,486	5,667	0	4,950	0	0	0	0	103	3,250	8,133	687	371,083	2	700	0
Write-downs of investments
-	-	-	0	-	-	12,694	0	58,800	122,000	0	0	0	0	-	-	-	-	-	-	-	-
Other non-operating gain (loss), net
80	-1,623	15	-38	-26	117	26	0	71	-26	4,949	57	-75	496	4,711	2,306	211	0	-3,734	68	-1,295	157
Reorganization items, net
876	1,318	578	244	685	893	657	753	449	250	-234	434	366	434	97	-188	628	1,000	1,293	1,594	2,165	2,216
Income Before Income Taxes
87,485	150,981	178,867	31,654	117,254	197,885	113,032	-38,774	-39,728	-152,826	114,007	227,710	62,228	30,297	-383,352	39,172	-3,958	58,719	549,849	55,533	109,387	46,116
Income tax expense
23,835	38,000	46,034	-22,422	32,816	57,000	-219,394	-20,087	-9,905	-51,614	43,078	73,871	214,856	15,195	-6,396	11,314	-1,000	22,000	221,665	2,647	42,305	17,649
Income from Continuing Operations
-	-	132,833	54,076	-	-	332,799	-18,687	-29,823	-101,212	70,727	153,839	-152,628	15,102	-	-	-	-	328,184	52,886	67,082	28,467
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	0	0	-	-	-619	0	-579	15,618	-51,776	-8,074	-8,935	-4,009	-	-	-	-	-13,508	-14,889	15,840	12,601
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
63,650	113,204	132,833	54,076	84,438	141,183	332,180	-18,687	-30,402	-85,594	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-7	-4	-8	-23	-4	-6	3,378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Income attributable to Tribune Media Company
63,657	113,208	132,841	54,099	84,442	141,189	328,802	-18,687	-30,402	-85,594	18,951	145,765	-161,563	11,093	-380,928	27,858	-3,265	36,417	314,676	37,997	82,922	41,068
Earnings Per Share
Continuing Operations
-	-	1.51	0.62	-	-	3.78	-0.21	-0.34	-1.17	0.75	1.71	-1.66	0.16	-	-	-	-	3.28	0.53	0.67	0.28
Discontinued Operations
-	-	0.00	0.00	-	-	0.00	0.00	-0.01	0.18	-0.57	-0.09	-0.10	-0.04	-	-	-	-	-0.14	-0.15	0.16	0.13
Basic
0.72	1.29	1.51	0.62	0.96	1.61	3.78	-0.21	-0.35	-0.99	0.18	1.62	-1.76	0.12	-4.00	0.29	-0.04	0.37	3.14	0.38	0.83	0.41
Diluted Earnings (Loss) Per Common Share from:
Continuing Operations
-	-	1.50	0.61	-	-	3.76	-0.21	-0.34	-1.17	0.76	1.70	-1.66	0.16	-	-	-	-	3.27	0.53	0.67	0.28
Discontinued Operations
-	-	0.00	0.00	-	-	-0.01	0.00	-0.01	0.18	-0.57	-0.09	-0.10	-0.04	-	-	-	-	-0.14	-0.15	0.16	0.13
Diluted
0.71	1.27	1.50	0.61	0.96	1.60	3.75	-0.21	-0.35	-0.99	0.19	1.61	-1.76	0.12	-4.00	0.29	-0.04	0.37	3.13	0.38	0.83	0.41
Television and Entertainment
Total operating revenues
482,557	453,427	576,940	494,619	486,417	440,702	486,022	447,307	466,061	436,033	525,723	460,164	468,134	455,875	466,920	429,700	445,622	410,300	480,185	418,294	426,961	400,201
Corporate and Other
Total operating revenues
1,479	1,561	1,793	3,389	2,941	2,933	2,977	3,226	3,456	3,877	3,901	9,874	11,662	12,597	12,580	12,333	12,277	12,235	13,227	13,130	14,211	14,416
Depreciation
1,803	1,890	-	-	2,340	2,905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
-26,322	-25,222	-18,392	-	-21,701	-24,567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-