Townsquare media, inc. (TSQ)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
Net revenue

112,561

113,088

93,682

131,290

106,007

105,319

87,983

-

111,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenue

-

-

-

-

-

-

-

-

-

117,303

88,404

-

165,756

137,157

94,432

113,020

129,568

117,516

81,118

93,717

94,747

106,267

79,161

66,867

72,479

Operating costs and expenses:
Direct operating expenses

76,612

75,590

68,629

97,613

72,170

72,722

64,356

60,075

79,473

83,186

72,840

2,199

114,646

105,594

76,905

84,435

89,728

82,297

61,329

62,102

61,608

71,478

58,252

45,735

49,632

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,387

3,655

3,415

Depreciation and amortization

6,841

5,897

6,508

5,525

4,644

4,409

4,383

2,625

4,833

5,158

6,383

-761

5,686

6,003

6,123

-

4,784

3,613

3,671

-

4,249

4,331

-

-

-

Corporate expenses

7,173

7,370

5,587

7,410

6,863

7,290

5,649

7,454

6,390

6,635

5,349

7,050

6,450

6,313

5,557

7,496

6,119

6,603

5,240

7,585

6,487

6,157

4,767

5,223

4,812

Share-based Payment Arrangement, Noncash Expense

532

660

876

567

597

246

190

144

193

175

188

3,638

206

204

252

0

2,875

1,403

0

0

37,580

0

159

0

-

Transaction costs

193

128

148

463

166

678

159

568

218

189

199

161

256

181

169

442

1,125

125

47

136

63

-10

28

273

77

Impairment of long lived and intangible assets

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business realignment costs

0

0

4

2,335

-207

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long lived and intangible assets

0

231

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

-143

21

-19

14

3

388

10

265

63

-716

2

-11

426

-1,079

366

134

11,909

-21

7

-4

-222

26

110

-15

7

Costs and Expenses

91,494

89,855

81,771

146,290

84,230

84,957

74,727

88,805

91,044

96,059

84,957

12,251

126,818

119,374

88,640

99,428

92,722

94,062

70,280

-

-

81,930

67,483

54,901

57,929

Operating Income (Loss)

21,067

23,233

11,911

-15,000

21,777

20,362

13,256

4,983

20,853

21,244

3,447

11,985

38,938

17,783

5,792

13,592

36,846

23,454

10,838

19,979

-15,462

24,337

11,678

11,966

14,550

Other expense:
Interest expense, net

8,524

8,526

8,595

8,666

8,640

8,533

8,427

8,281

8,230

7,990

8,254

8,332

8,294

8,881

8,565

8,645

8,527

8,246

10,561

10,592

11,708

12,122

12,080

7,445

7,475

Impairment on investment

-

-

-

-

-

-

-

-

-

-

-

-

4,236

-

-

-

0

-

-

-

-

-

-

-

-

Cancellation and (repurchase) of debt

-

-

-

-

-

-

-

-

-

-

-

-

0

427

34

-

-288

-30,017

-

-

0

0

-

-

-

Other expense, net

-107

-36

-34

-46

-41

-48

-32

-40

-250

-40

-33

-125

-52

-44

449

-

-33

-36

-

-

-

-

-

-

-

Net loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other expense (income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

-

35

0

37

31

37

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

12,436

14,671

3,282

-28,579

13,096

11,781

4,797

-3,338

12,373

13,214

-4,840

3,613

26,356

9,285

-2,290

4,788

27,998

-14,845

229

9,348

-27,205

12,215

-439

4,490

7,038

Provision for income taxes

3,290

4,059

908

-6,512

3,583

3,188

1,330

-16,160

5,279

5,414

-1,930

2,865

10,493

3,683

-907

2,394

11,543

-6,111

98

4,311

6,379

91

91

85

85

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

9,146

10,612

2,374

-22,067

9,513

8,593

3,467

12,822

7,094

7,800

-2,910

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from discontinued operations, net of income taxes

-334

84

-7,164

5,756

178

-6,959

-30,056

-39,942

7,198

-2,237

-98

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

8,812

10,696

-4,790

-16,311

9,691

1,634

-26,589

-27,120

14,292

5,563

-3,008

3,211

15,863

5,602

-1,383

2,394

16,455

-8,734

131

5,037

-33,584

12,124

-530

4,405

6,953

Net income (loss) attributable to:
Net Income (Loss) Attributable to Parent

8,255

10,203

-5,237

-16,716

9,258

1,335

-26,807

-27,451

14,216

5,137

-3,051

3,217

15,816

5,451

-1,461

2,412

16,454

-9,132

96

5,037

-33,584

11,705

-530

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

557

493

447

405

433

299

218

331

76

426

43

-6

47

151

78

-18

1

398

35

-

0

419

0

-

-

Basic income (loss) per share:
Income (Loss) from Continuing Operations, Per Basic Share

-

-

0.13

-

-

-

0.19

0.70

0.38

0.42

-0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-

-

-0.39

-

-

-

-1.63

-2.17

0.39

-0.12

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

0.86

0.31

-0.08

0.13

0.94

-0.50

0.01

-

-

-

-

-

-

Diluted income (loss) per share:
Continuing operations (in dollars per share)

0.31

0.37

0.09

-0.79

0.33

0.30

0.13

0.53

0.25

0.27

-0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-0.01

0.00

-0.26

-0.35

0.01

-0.25

-1.09

-1.44

0.26

-0.08

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

0.58

0.20

-0.08

0.27

0.60

-0.50

0.00

-

-

-

-

-

-

Historical loss before income taxes

12,436

14,671

3,282

-28,579

13,096

11,781

4,797

-3,338

12,373

13,214

-4,840

-

26,356

9,285

-

-

-

-

-

-

-27,205

12,215

-439

4,490

7,038

Pro forma income tax benefit

3,290

4,059

908

-6,512

3,583

3,188

1,330

-16,160

5,279

5,414

-1,930

-

10,493

3,683

-

-

-

-

-

-

6,379

91

91

85

85

Net (loss) income

8,812

10,696

-4,790

-16,311

9,691

1,634

-26,589

-27,120

14,292

5,563

-3,008

-

15,863

5,602

-

-

-

-

-

-

-33,584

12,124

-530

4,405

6,953

Pro forma net income per share, basic (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1.17

0.95

-

-

-

Pro forma net income per share, diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1.17

0.43

-

-

-

Basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,060

14,209

7,896

7,887

7,517

-

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,551

14,209

17,405

7,887

16,637

-

Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

27,580

27,490

18,478

367

27,456

27,611

18,478

18,459

18,478

18,470

18,429

18,397

18,395

18,365

17,863

17,868

17,532

17,374

17,374

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

27,581

27,490

27,456

27,251

27,690

27,611

27,456

36,552

27,994

28,445

18,429

36,579

27,372

27,438

17,863

32,145

27,610

17,374

33,767

-

-

-

-

-

-

Dividends declared (in usd per share)

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares
Income (Loss) from Continuing Operations, Per Basic Share

0.31

0.37

-

-

0.33

0.30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-0.02

0.00

-

-

0.01

-0.37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

18,602

18,512

-

-

18,478

18,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Participating shares
Income (Loss) from Continuing Operations, Per Basic Share

0.31

0.37

-

-

0.33

0.30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.00

0.00

-

-

0.01

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

8,978

8,978

-

-

8,978

8,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-