$EVC
ENTRAVISION COMMUNICATIONS CORP

2015 Q2 Form 10-Q Financial Statement

#000156459015006670 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $59.89M $61.85M
YoY Change -3.16% 8.6%
Cost Of Revenue $1.392M $26.10M
YoY Change -94.67% 0.38%
Gross Profit $58.50M $35.70M
YoY Change 63.86% 15.16%
Gross Profit Margin 97.68% 57.72%
Selling, General & Admin $10.48M $8.897M
YoY Change 17.84% 19.84%
% of Gross Profit 17.92% 24.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $3.500M
YoY Change 11.43% -7.89%
% of Gross Profit 6.67% 9.8%
Operating Expenses $10.48M $43.77M
YoY Change -76.04% 4.28%
Operating Profit $48.02M $18.08M
YoY Change 165.56% -264.85%
Interest Expense -$3.200M -$3.500M
YoY Change -8.57% -55.7%
% of Operating Profit -6.66% -19.36%
Other Income/Expense, Net
YoY Change
Pretax Income $8.718M $14.63M
YoY Change -40.39% 108.93%
Income Tax $3.500M $5.900M
% Of Pretax Income 40.15% 40.34%
Net Earnings $5.241M $8.735M
YoY Change -40.0% 72.19%
Net Earnings / Revenue 8.75% 14.12%
Basic Earnings Per Share $0.06 $0.10
Diluted Earnings Per Share $0.06 $0.10
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 91.20M

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.90M $39.80M
YoY Change 27.89% -3.16%
Cash & Equivalents $50.87M $39.80M
Short-Term Investments
Other Short-Term Assets $11.30M $10.90M
YoY Change 3.67% 159.52%
Inventory
Prepaid Expenses
Receivables $56.20M $73.20M
Other Receivables $0.00 -$10.30M
Total Short-Term Assets $118.3M $113.6M
YoY Change 4.14% 15.92%
LONG-TERM ASSETS
Property, Plant & Equipment $60.40M $57.90M
YoY Change 4.32% -2.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $66.50M $82.00M
YoY Change -18.9% 530.77%
Total Long-Term Assets $416.1M $433.4M
YoY Change -3.99% 23.62%
TOTAL ASSETS
Total Short-Term Assets $118.3M $113.6M
Total Long-Term Assets $416.1M $433.4M
Total Assets $534.4M $547.0M
YoY Change -2.3% 21.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K
YoY Change 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.800M $3.800M
YoY Change 0.0% 1800.0%
Total Short-Term Liabilities $32.10M $32.80M
YoY Change -2.13% -13.91%
LONG-TERM LIABILITIES
Long-Term Debt $334.7M $358.4M
YoY Change -6.61% 6.0%
Other Long-Term Liabilities $13.70M $9.700M
YoY Change 41.24% 1.04%
Total Long-Term Liabilities $348.4M $368.1M
YoY Change -5.35% 5.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.10M $32.80M
Total Long-Term Liabilities $348.4M $368.1M
Total Liabilities $380.5M $401.0M
YoY Change -5.11% -7.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.9M $146.0M
YoY Change
Total Liabilities & Shareholders Equity $534.4M $547.0M
YoY Change -2.3% 21.93%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $5.241M $8.735M
YoY Change -40.0% 72.19%
Depreciation, Depletion And Amortization $3.900M $3.500M
YoY Change 11.43% -7.89%
Cash From Operating Activities $9.100M $13.00M
YoY Change -30.0% -9.72%
INVESTING ACTIVITIES
Capital Expenditures $6.492M -$2.200M
YoY Change -395.09% 10.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$15.00M
YoY Change -100.0%
Cash From Investing Activities -$5.600M -$17.20M
YoY Change -67.44% 760.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.500M -3.100M
YoY Change -19.35% -16.22%
NET CHANGE
Cash From Operating Activities 9.100M 13.00M
Cash From Investing Activities -5.600M -17.20M
Cash From Financing Activities -2.500M -3.100M
Net Change In Cash 1.000M -7.300M
YoY Change -113.7% -183.91%
FREE CASH FLOW
Cash From Operating Activities $9.100M $13.00M
Capital Expenditures $6.492M -$2.200M
Free Cash Flow $2.608M $15.20M
YoY Change -82.84% -7.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
26104000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8291000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
404000
evc Amortization Of Syndication Contracts
AmortizationOfSyndicationContracts
244000
evc Payments On Syndication Contracts
PaymentsOnSyndicationContracts
312000
us-gaap Share Based Compensation
ShareBasedCompensation
1303000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3632000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1261000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5484000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
19694000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4051000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
15048000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-19099000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1739000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1875000
us-gaap Payments Of Dividends
PaymentsOfDividends
4388000
us-gaap Payments Of Dividends
PaymentsOfDividends
4464000
evc Payment Of Contingent Consideration
PaymentOfContingentConsideration
1000000
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Direct Operating Costs
DirectOperatingCosts
53729000
CY2015Q2 evc Corporate Expenses
CorporateExpenses
5050000
us-gaap Revenues
Revenues
119441000
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21997000
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
1392000
us-gaap Investment Income Interest
InvestmentIncomeInterest
19000
us-gaap Cost Of Revenue
CostOfRevenue
2752000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17548000
us-gaap Interest Expense
InterestExpense
6483000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14625000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8718000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1196000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1770000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90089679
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11353000
CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1139000
CY2015Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-26000
CY2015Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
27044000
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1400000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2406945
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2092928
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2014Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
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CY2014Q4 evc Additional Shares Amount Added To Repurchase Program
AdditionalSharesAmountAddedToRepurchaseProgram
10000000
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
200000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-1900000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-2900000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-700000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1100000
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1600000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2015Q2 evc Capital Expenditures
CapitalExpenditures
6492000
CY2014Q2 evc Capital Expenditures
CapitalExpenditures
2493000
evc Capital Expenditures
CapitalExpenditures
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evc Capital Expenditures
CapitalExpenditures
4329000
CY2015Q2 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.03
evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.04
CY2015Q2 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.04
evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.07
CY2015Q2 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.18
evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.16
CY2015Q2 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.13
evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.13
CY2015Q2 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
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evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
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CY2015Q2 evc Percentage Change In Expenses
PercentageChangeInExpenses
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evc Percentage Change In Expenses
PercentageChangeInExpenses
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CY2015Q2 evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
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evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
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CY2015Q2 evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
-0.06
evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
-0.06
CY2015Q2 evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
-0.15
evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
-0.24
CY2015Q2 evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
-0.40
evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
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CY2014Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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CY2014Q2 us-gaap Business Combination Acquired Receivables Gross Contractual Amount
BusinessCombinationAcquiredReceivablesGrossContractualAmount
1700000
CY2014Q2 us-gaap Business Combination Acquired Receivables Estimated Uncollectible
BusinessCombinationAcquiredReceivablesEstimatedUncollectible
100000

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