$EVC
ENTRAVISION COMMUNICATIONS CORP

2016 Q2 Form 10-Q Financial Statement

#000156459016022988 Filed on August 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $64.83M $59.89M
YoY Change 8.24% -3.16%
Cost Of Revenue $30.90M $1.392M
YoY Change 2119.83% -94.67%
Gross Profit $33.90M $58.50M
YoY Change -42.05% 63.86%
Gross Profit Margin 52.29% 97.68%
Selling, General & Admin $16.70M $10.48M
YoY Change 59.29% 17.84%
% of Gross Profit 49.26% 17.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M $3.900M
YoY Change 0.0% 11.43%
% of Gross Profit 11.5% 6.67%
Operating Expenses $20.60M $10.48M
YoY Change 96.49% -76.04%
Operating Profit $13.30M $48.02M
YoY Change -72.3% 165.56%
Interest Expense -$3.700M -$3.200M
YoY Change 15.63% -8.57%
% of Operating Profit -27.82% -6.66%
Other Income/Expense, Net
YoY Change
Pretax Income $9.600M $8.718M
YoY Change 10.12% -40.39%
Income Tax $3.900M $3.500M
% Of Pretax Income 40.63% 40.15%
Net Earnings $5.717M $5.241M
YoY Change 9.08% -40.0%
Net Earnings / Revenue 8.82% 8.75%
Basic Earnings Per Share $0.06 $0.06
Diluted Earnings Per Share $0.06 $0.06
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.40M $50.90M
YoY Change 20.63% 27.89%
Cash & Equivalents $31.43M $50.87M
Short-Term Investments $30.00M
Other Short-Term Assets $5.700M $11.30M
YoY Change -49.56% 3.67%
Inventory
Prepaid Expenses
Receivables $61.00M $56.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $128.2M $118.3M
YoY Change 8.37% 4.14%
LONG-TERM ASSETS
Property, Plant & Equipment $56.30M $60.40M
YoY Change -6.79% 4.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $55.10M $66.50M
YoY Change -17.14% -18.9%
Total Long-Term Assets $397.1M $416.1M
YoY Change -4.57% -3.99%
TOTAL ASSETS
Total Short-Term Assets $128.2M $118.3M
Total Long-Term Assets $397.1M $416.1M
Total Assets $525.3M $534.4M
YoY Change -1.7% -2.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.80M $100.0K
YoY Change 25700.0% 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% 0.0%
Total Short-Term Liabilities $29.60M $32.10M
YoY Change -7.79% -2.13%
LONG-TERM LIABILITIES
Long-Term Debt $308.1M $334.7M
YoY Change -7.95% -6.61%
Other Long-Term Liabilities $15.30M $13.70M
YoY Change 11.68% 41.24%
Total Long-Term Liabilities $323.4M $348.4M
YoY Change -7.18% -5.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.60M $32.10M
Total Long-Term Liabilities $323.4M $348.4M
Total Liabilities $353.0M $380.5M
YoY Change -7.23% -5.11%
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 $172.3M $153.9M
YoY Change
Total Liabilities & Shareholders Equity $525.3M $534.4M
YoY Change -1.7% -2.3%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $5.717M $5.241M
YoY Change 9.08% -40.0%
Depreciation, Depletion And Amortization $3.900M $3.900M
YoY Change 0.0% 11.43%
Cash From Operating Activities $13.90M $9.100M
YoY Change 52.75% -30.0%
INVESTING ACTIVITIES
Capital Expenditures $2.346M $6.492M
YoY Change -63.86% -395.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.600M -$5.600M
YoY Change -53.57% -67.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.900M -2.500M
YoY Change 16.0% -19.35%
NET CHANGE
Cash From Operating Activities 13.90M 9.100M
Cash From Investing Activities -2.600M -5.600M
Cash From Financing Activities -2.900M -2.500M
Net Change In Cash 8.400M 1.000M
YoY Change 740.0% -113.7%
FREE CASH FLOW
Cash From Operating Activities $13.90M $9.100M
Capital Expenditures $2.346M $6.492M
Free Cash Flow $11.55M $2.608M
YoY Change 343.02% -82.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
86000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-34745000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1270000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1875000
us-gaap Payments Of Dividends
PaymentsOfDividends
5569000
evc Payment Of Contingent Consideration
PaymentOfContingentConsideration
1000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-6174000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5682000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-16493000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
19606000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31260000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50866000
us-gaap Interest Paid Net
InterestPaidNet
7341000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5803000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4922000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
384000
evc Amortization Of Syndication Contracts
AmortizationOfSyndicationContracts
190000
evc Payments On Syndication Contracts
PaymentsOnSyndicationContracts
183000
us-gaap Share Based Compensation
ShareBasedCompensation
1890000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5583000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
383000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3876000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
24426000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
30000000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4745000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8583000
us-gaap Interest Paid Net
InterestPaidNet
6090000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
464000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
653000
evc Conversion Between Classes Of Common Stock Number Of Shares Converted Per Share
ConversionBetweenClassesOfCommonStockNumberOfSharesConvertedPerShare
1
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000
CY2016Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
400000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
62000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.25
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2016Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2346000
CY2015Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4586000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9734000
CY2016Q2 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.08
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71104
CY2014Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000
CY2014Q4 evc Additional Shares Amount Added To Repurchase Program
AdditionalSharesAmountAddedToRepurchaseProgram
10000000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2100000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-900000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-1900000
CY2016Q2 evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.19
evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.19
CY2016Q2 evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
9.73
evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
5.58
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-300000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-700000
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3300000
CY2016Q2 evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
0.10
evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
-0.24
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2006184
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
42486
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34708
evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.03
CY2016Q2 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.06
evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.04
CY2016Q2 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.09
evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.09
CY2016Q2 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.02
evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.00
CY2016Q2 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
0.09
evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.06
CY2016Q2 evc Percentage Change In Expenses
PercentageChangeInExpenses
0.05
evc Percentage Change In Expenses
PercentageChangeInExpenses
0.09
CY2016Q2 evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
0.11
evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.13

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