2023 Q4 Form 10-K Financial Statement

#000095017024031460 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $320.1M $1.107B
YoY Change 8.01% 15.76%
Cost Of Revenue $271.2M $928.9M
YoY Change 19.44% 48.88%
Gross Profit $48.86M $178.0M
YoY Change -29.46% -46.43%
Gross Profit Margin 15.26% 16.08%
Selling, General & Admin $38.15M $142.3M
YoY Change -14.8% 89.28%
% of Gross Profit 78.09% 79.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.671M $28.01M
YoY Change 18.29% 87.97%
% of Gross Profit 15.7% 15.73%
Operating Expenses $46.43M $170.9M
YoY Change -11.82% 127.35%
Operating Profit $2.425M $7.107M
YoY Change -85.39% -82.34%
Interest Expense -$9.910M -$10.66M
YoY Change -10.09% -197.97%
% of Operating Profit -408.66% -149.92%
Other Income/Expense, Net
YoY Change
Pretax Income -$19.76M -$18.37M
YoY Change -596.68% -157.95%
Income Tax -$1.712M -$2.750M
% Of Pretax Income
Net Earnings -$18.21M -$15.44M
YoY Change 1018.43% -176.54%
Net Earnings / Revenue -5.69% -1.39%
Basic Earnings Per Share -$0.18
Diluted Earnings Per Share -$0.21 -$0.18
COMMON SHARES
Basic Shares Outstanding 87.90M
Diluted Shares Outstanding 87.90M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.9M $118.9M
YoY Change -23.39% -23.39%
Cash & Equivalents $105.7M $105.7M
Short-Term Investments $13.17M $13.17M
Other Short-Term Assets $31.11M $31.11M
YoY Change 11.13% 11.13%
Inventory
Prepaid Expenses
Receivables $235.8M $235.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $385.9M $385.9M
YoY Change -5.41% -5.41%
LONG-TERM ASSETS
Property, Plant & Equipment $115.4M $115.4M
YoY Change 87.97% 9.11%
Goodwill $90.67M
YoY Change 4.23%
Intangibles $247.0M
YoY Change -8.28%
Long-Term Investments
YoY Change
Other Assets $27.05M $27.05M
YoY Change 225.96% 148.39%
Total Long-Term Assets $480.1M $480.1M
YoY Change 1.52% 1.52%
TOTAL ASSETS
Total Short-Term Assets $385.9M $385.9M
Total Long-Term Assets $480.1M $480.1M
Total Assets $865.9M $865.9M
YoY Change -1.69% -1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $188.2M $188.2M
YoY Change 150.27% -20.73%
Accrued Expenses $61.68M $61.68M
YoY Change 1007.4% 1007.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.969M $9.969M
YoY Change 89.67% 89.67%
Total Short-Term Liabilities $272.1M $272.1M
YoY Change 9.59% 9.59%
LONG-TERM LIABILITIES
Long-Term Debt $199.6M $199.6M
YoY Change -3.74% -3.73%
Other Long-Term Liabilities $68.67M $68.67M
YoY Change 127.41% -5.08%
Total Long-Term Liabilities $268.2M $268.2M
YoY Change 12.94% -4.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $272.1M $272.1M
Total Long-Term Liabilities $268.2M $268.2M
Total Liabilities $643.4M $643.4M
YoY Change 8.05% 5.41%
SHAREHOLDERS EQUITY
Retained Earnings -$519.8M
YoY Change 3.06%
Common Stock $743.2M
YoY Change -4.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $222.5M $222.5M
YoY Change
Total Liabilities & Shareholders Equity $865.9M $865.9M
YoY Change -1.69% -1.69%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$18.21M -$15.44M
YoY Change 1018.43% -176.54%
Depreciation, Depletion And Amortization $7.671M $28.01M
YoY Change 18.29% 87.97%
Cash From Operating Activities $6.079M $75.20M
YoY Change 684.39% -4.72%
INVESTING ACTIVITIES
Capital Expenditures $7.446M $27.33M
YoY Change 107.64% 138.29%
Acquisitions $6.930M
YoY Change
Other Investing Activities $5.417M $11.37M
YoY Change -689.45% -123.2%
Cash From Investing Activities -$2.029M -$15.96M
YoY Change -54.96% -73.62%
FINANCING ACTIVITIES
Cash Dividend Paid $17.59M
YoY Change 105.97%
Common Stock Issuance & Retirement, Net $0.00 $554.0K
YoY Change -95.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.927M -64.17M
YoY Change 24.61% -30.87%
NET CHANGE
Cash From Operating Activities 6.079M 75.20M
Cash From Investing Activities -2.029M -15.96M
Cash From Financing Activities -8.927M -64.17M
Net Change In Cash -4.877M -4.930M
YoY Change -55.23% -93.37%
FREE CASH FLOW
Cash From Operating Activities $6.079M $75.20M
Capital Expenditures $7.446M $27.33M
Free Cash Flow -$1.367M $47.87M
YoY Change -51.37% -29.03%

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<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. NATURE OF BUSINESS</span></p><p style="margin-left:2.267%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Nature of Business</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Entravision Communications Corporation (together with its subsidiaries, hereinafter referred to collectively as the "Company") is a global advertising solutions, media and technology company. The Company's operations encompass integrated, end-to-end advertising solutions across multiple media, comprised of digital, television and audio properties. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company's management has determined that the Company operates in </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">three</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> reportable segments as of December 31, 2023, based upon the type of advertising medium: digital, television and audio.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company's digital segment, whose operations are primarily located in Europe, Latin America, Asia, the United States and Africa, reaches a global market, with a focus on advertisers that wish to advertise on digital platforms owned and operated primarily by global media companies. The digital segment is</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> comprised of </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">three</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> business units: Entravision Global Partners, the Company's digital commercial partnerships business; Smadex, the Company's programmatic ad purchasing platform; and the Company's mobile growth solutions business. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company's television and audio operations reach and engage U.S. Hispanics in the United States. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company owns and/or operates </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">49</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> primary television stations and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">44</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> radio stations (37 FM and 7 AM). </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">For more information and an overview of the Company's business, please refer to Part I, Item 1.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.267%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s operations are affected by numerous factors, including changes in audience acceptance (i.e. ratings), priorities of advertisers, new laws and governmental regulations, and policies and technological advances. The Company cannot predict if any of these factors might have a significant impact on the television, radio, or digital advertising industries in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Company’s operations and cash flows. Significant estimates and assumptions made by management are used for, but not limited to, the allowance for doubtful accounts, stock-based compensation, the estimated useful lives of long-lived and intangible assets, the recoverability of such assets by their estimated future</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">undiscounted cash flows, the fair value of reporting units and indefinite life intangible assets, fair value of contingent consideration, disclosure of the fair value of debt, deferred income taxes and the purchase price allocations used in the Company’s acquisitions.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As disclosed in Note 19, on March 4, 2024, the Company received a communication from Meta that it intends to wind down its Authorized Sales Partner (ASP) program globally and end its relationship with all of its ASPs, including the Company, by July 1, 2024. For the fiscal years ended December 31, 2023 and 2022, ASP revenue from Meta represented approximately </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">53</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">49</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%, respectively, of the Company’s consolidated revenue, and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">63</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">63</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%, respectively, of the Company’s digital segment revenue.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of December 31, 2023, the Company had Goodwill of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">50.1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million, Intangible assets subject to amortization of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">47.3</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million and </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Property and equipment, net of accumulated depreciation of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">$</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">8.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million in its digital segment. The Company is in the process of evaluating the potential impact of this subsequent event and expects there is a reasonable possibility that there will be a material change to the value of these assets.</span></p>
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
800000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
800000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105739000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110691000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185094000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
770000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
753000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
749000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
106509000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
111444000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
185843000
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
13200000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:2.267%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk and Trade Receivables</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. From time to time, the Company has had, and may have, bank deposits in excess of Federal Deposit Insurance Corporation ("FDIC") insurance limits. As of December 31, 2023, the majority of all U.S. deposits are maintained in two financial institutions. The Company has not experienced any losses in such accounts and believes that it is not exposed to significant credit risk on cash and cash equivalents. In addition, to the Company's knowledge, all of the bank deposits held in banks outside the United States are not insured.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s credit risk is spread across a large number of customers in the United States, Latin America, Asia and various other countries, therefore spreading the trade receivable credit risk. The Company routinely assesses the financial strength of its customers and, as a consequence, believes that it is managing its trade receivable credit risk effectively. Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. An allowance for doubtful accounts is provided for known and anticipated credit losses, as determined by management in the course of regularly evaluating individual customer receivables. This evaluation takes into consideration a customer’s financial condition and credit history, as well as current economic conditions. Trade receivables are written off when deemed uncollectible. Recoveries of trade receivables previously written off are recorded when received. No interest is charged on customer accounts.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Aggregate receivables from the largest </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">five</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> advertisers represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the Company's total trade receivables as of December 31, 2023 and 2022, respectively. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">No</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> single advertiser represents more than 5% of the total trade receivables.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Revenue from the largest advertiser represented </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">13</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">14</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">13</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the Company's total revenue for the years ended December 31, 2023, 2022 and 2021, respectively. This advertiser is a global media company and pays on a frequent basis; therefore, management does not believe that this concentration of credit represents a significant risk to the Company. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">No</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> other advertiser represented more than 5% of the Company's total revenue.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">E</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">stimated losses for bad debts are provided for in the consolidated financial statements through a charge to expense that aggregated $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">2.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million, $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">3.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million and $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">3.5</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for the years ended December 31, 2023, 2022 and 2021, respectively. The net charge off of bad debts aggregated $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">3.1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million, $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">3.3</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million and $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">0.9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million for the years ended December 31, 2023, 2022 and 2021, respectively.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><div style="font-size:10pt;font-family:Times New Roman;"><p style="margin-left:2.267%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Allowance for Doubtful Accounts</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Our accounts receivable consist of a homogeneous pool of relatively small dollar amounts from a large number of customers. We evaluate the collectability of our trade accounts receivable based on a number of factors. When we are aware of a specific customer’s inability to meet its financial obligations to us, a specific reserve for bad debts is estimated and recorded which reduces the recognized receivable to the estimated amount we believe will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on our recent past loss history and an overall assessment of past due trade accounts receivable amounts outstanding.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p></div>
CY2023Q4 evc Number Of Advertisers Represent More Than Five Percent Of Trade Receivables
NumberOfAdvertisersRepresentMoreThanFivePercentOfTradeReceivables
0
CY2023Q4 evc Number Of Advertising Customer Represented More Than Five Percent Of Revenue
NumberOfAdvertisingCustomerRepresentedMoreThanFivePercentOfRevenue
0
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2200000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3400000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3500000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3100000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3300000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
900000
CY2023 evc Percentage Of Tax Benefit Recognized
PercentageOfTaxBenefitRecognized
0.50
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15437000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18119000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29292000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87901938
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85391163
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85301603
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15437000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18119000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29292000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87901938
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85391163
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85301603
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
146699
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
298743
CY2023 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
0
CY2022 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
2231900
CY2021 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
2310257
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87901938
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87769762
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87910603
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2145439
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
623152
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
465993
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1106867000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
956209000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
760192000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1106867000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
956209000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
760192000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7175000
CY2023 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
4114000
CY2023 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-7175000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4114000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5942000
CY2022 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
7175000
CY2022 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-5942000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7175000
CY2021Q4 us-gaap Goodwill
Goodwill
71708000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1907000
CY2022 evc Goodwill Additions From Vies
GoodwillAdditionsFromVies
13376000
CY2022Q4 us-gaap Goodwill
Goodwill
86991000
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
201000
CY2023 evc Goodwill Additions From Acquisitions
GoodwillAdditionsFromAcquisitions
3480000
CY2023Q4 us-gaap Goodwill
Goodwill
90672000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
139752000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87968000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51784000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
137803000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
75992000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61811000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
246958000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
269264000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12600000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10700000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11862000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11226000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7017000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5882000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5602000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
10195000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51784000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q4 evc Property Plant And Equipment Excluding Land Gross
PropertyPlantAndEquipmentExcludingLandGross
262300000
CY2022Q4 evc Property Plant And Equipment Excluding Land Gross
PropertyPlantAndEquipmentExcludingLandGross
247800000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197600000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
194400000
CY2023Q4 evc Property Plant And Equipment Excluding Land Net
PropertyPlantAndEquipmentExcludingLandNet
64700000
CY2022Q4 evc Property Plant And Equipment Excluding Land Net
PropertyPlantAndEquipmentExcludingLandNet
53400000
CY2023Q4 us-gaap Land
Land
6800000
CY2022Q4 us-gaap Land
Land
8000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71500000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61400000
CY2023 us-gaap Depreciation
Depreciation
15400000
CY2022 us-gaap Depreciation
Depreciation
14900000
CY2021 us-gaap Depreciation
Depreciation
13500000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10346000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9789000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8162000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6471000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5703000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29370000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
69841000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16496000
CY2023Q4 evc Lessee Operating Lease Liability Tenant Improvement Allowance
LesseeOperatingLeaseLiabilityTenantImprovementAllowance
398000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
52947000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7282000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45665000
CY2023 evc Operating Lease Remaining Lease Term Description
OperatingLeaseRemainingLeaseTermDescription
The Company’s existing leases have remaining terms of less than one year up to 27 years.
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
8483000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
9680000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
10265000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6762000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31125000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6950000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
9832000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
9203000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8299000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
1026000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1143000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1469000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3878000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2705000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1710000
CY2023 us-gaap Lease Cost
LeaseCost
14736000
CY2022 us-gaap Lease Cost
LeaseCost
13051000
CY2021 us-gaap Lease Cost
LeaseCost
11478000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
108200000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
75200000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13500000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15600000
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5400000
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
9300000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
800000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
200000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
4100000
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
7200000
CY2023Q4 evc Accrued National Representation Fees
AccruedNationalRepresentationFees
1300000
CY2022Q4 evc Accrued National Representation Fees
AccruedNationalRepresentationFees
1700000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8100000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
7200000
CY2023Q4 evc Other Taxes Payable Current
OtherTaxesPayableCurrent
14000000
CY2022Q4 evc Other Taxes Payable Current
OtherTaxesPayableCurrent
11300000
CY2023Q4 evc Amounts Due Under Joint Sales Agreements
AmountsDueUnderJointSalesAgreements
400000
CY2022Q4 evc Amounts Due Under Joint Sales Agreements
AmountsDueUnderJointSalesAgreements
500000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2400000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2000000
CY2023Q4 evc Accrued Capital Expenditures
AccruedCapitalExpenditures
2000000
CY2022Q4 evc Accrued Capital Expenditures
AccruedCapitalExpenditures
2100000
CY2023Q4 evc Accrued Media Costs
AccruedMediaCosts
78400000
CY2022Q4 evc Accrued Media Costs
AccruedMediaCosts
62100000
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
9300000
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
36500000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6900000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6500000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
254800000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
237400000
CY2023Q4 evc Term Loan Payable
TermLoanPayable
207800000
CY2022Q4 evc Term Loan Payable
TermLoanPayable
209300000
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
2900000
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
4500000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
200700000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
208500000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1100000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1200000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
199600000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
207300000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
10000000
CY2023Q4 evc Long Term Debt Maturities Interest Payments In Next Twelve Months
LongTermDebtMaturitiesInterestPaymentsInNextTwelveMonths
17300000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10400000
CY2023Q4 evc Long Term Debt Maturities Interest Payments In Year Two
LongTermDebtMaturitiesInterestPaymentsInYearTwo
16600000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10200000
CY2023Q4 evc Long Term Debt Maturities Interest Payments In Year Three
LongTermDebtMaturitiesInterestPaymentsInYearThree
15700000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
10200000
CY2023Q4 evc Long Term Debt Maturities Interest Payments In Year Four
LongTermDebtMaturitiesInterestPaymentsInYearFour
14900000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
169200000
CY2023Q4 evc Long Term Debt Maturities Interest Payments In Year Five
LongTermDebtMaturitiesInterestPaymentsInYearFive
2900000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
700000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
210700000
CY2023Q4 evc Long Term Debt Interest Payments
LongTermDebtInterestPayments
67400000
CY2023 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0821
CY2023 evc Financial Covenants To Net Leverage Ratio
FinancialCovenantsToNetLeverageRatio
0.0325
CY2023 evc Interest Coverage Ratio To Minimum Permitted Ratio
InterestCoverageRatioToMinimumPermittedRatio
0.03
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-42100000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
14200000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
35900000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23700000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
17500000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18000000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18400000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31700000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53900000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
400000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8600000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1800000
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
500000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1400000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1900000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8200000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5300000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7400000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9100000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15300000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11100000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5600000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1600000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9600000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
400000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4300000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2300000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2400000
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-11900000
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-3700000
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
7600000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2800000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11600000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18700000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3900000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6700000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11300000
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1300000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1200000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1900000
CY2023 evc Income Tax Reconciliation Change In Fair Value Of Earnout
IncomeTaxReconciliationChangeInFairValueOfEarnout
-1000000
CY2022 evc Income Tax Reconciliation Change In Fair Value Of Earnout
IncomeTaxReconciliationChangeInFairValueOfEarnout
3300000
CY2021 evc Income Tax Reconciliation Change In Fair Value Of Earnout
IncomeTaxReconciliationChangeInFairValueOfEarnout
2700000
CY2023 evc Income Tax Reconciliation Non Deductible Executive Compensation
IncomeTaxReconciliationNonDeductibleExecutiveCompensation
1900000
CY2022 evc Income Tax Reconciliation Non Deductible Executive Compensation
IncomeTaxReconciliationNonDeductibleExecutiveCompensation
2100000
CY2021 evc Income Tax Reconciliation Non Deductible Executive Compensation
IncomeTaxReconciliationNonDeductibleExecutiveCompensation
1200000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
300000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
500000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
200000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
400000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
1600000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
4100000
CY2023 evc Foreign Permanent Differences Including Us Gaap To Statutory Differences
ForeignPermanentDifferencesIncludingUSGaapToStatutoryDifferences
2000000
CY2022 evc Foreign Permanent Differences Including Us Gaap To Statutory Differences
ForeignPermanentDifferencesIncludingUSGaapToStatutoryDifferences
-1600000
CY2021 evc Foreign Permanent Differences Including Us Gaap To Statutory Differences
ForeignPermanentDifferencesIncludingUSGaapToStatutoryDifferences
2800000
CY2023 evc Effective Income Tax Rate Reconciliation Foreign Non Territorial Income
EffectiveIncomeTaxRateReconciliationForeignNonTerritorialIncome
5900000
CY2022 evc Effective Income Tax Rate Reconciliation Foreign Non Territorial Income
EffectiveIncomeTaxRateReconciliationForeignNonTerritorialIncome
4500000
CY2021 evc Effective Income Tax Rate Reconciliation Foreign Non Territorial Income
EffectiveIncomeTaxRateReconciliationForeignNonTerritorialIncome
6900000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
900000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
700000
CY2023 evc Effective Income Tax Reconciliation Foreign Withholdings
EffectiveIncomeTaxReconciliationForeignWithholdings
500000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3700000
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
10700000
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
10800000
CY2023 evc Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
200000
CY2022 evc Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
100000
CY2021 evc Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
200000
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1300000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2900000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
200000
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1000000
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-400000
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-100000
CY2023 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
-700000
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1400000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
500000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-800000
CY2023 evc Income Tax Reconciliation Change In Unrecognized Tax Benefits
IncomeTaxReconciliationChangeInUnrecognizedTaxBenefits
-100000
CY2022 evc Income Tax Reconciliation Change In Unrecognized Tax Benefits
IncomeTaxReconciliationChangeInUnrecognizedTaxBenefits
-2300000
CY2021 evc Income Tax Reconciliation Change In Unrecognized Tax Benefits
IncomeTaxReconciliationChangeInUnrecognizedTaxBenefits
-300000
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2200000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
800000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2200000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2800000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11600000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18700000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1600000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1300000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1600000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
2600000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6700000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6400000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2700000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2100000
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
1400000
CY2023Q4 evc Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
13000000
CY2022Q4 evc Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
11700000
CY2022Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
300000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2800000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
700000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
29800000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
25100000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5300000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4900000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
24500000
CY2022Q4 us-gaap Deferred Tax Assets Net
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