$EVC
ENTRAVISION COMMUNICATIONS CORP

2016 Q3 Form 10-Q Financial Statement

#000156459016027646 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $65.28M $69.26M
YoY Change -5.75% 11.22%
Cost Of Revenue $30.50M $29.50M
YoY Change 3.39% 1881.2%
Gross Profit $34.80M $39.80M
YoY Change -12.56% -34.52%
Gross Profit Margin 53.31% 57.46%
Selling, General & Admin $11.95M $16.70M
YoY Change -28.45% 84.92%
% of Gross Profit 34.34% 41.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.800M $4.100M
YoY Change -7.32% 7.89%
% of Gross Profit 10.92% 10.3%
Operating Expenses $52.01M $20.80M
YoY Change 150.04% -54.9%
Operating Profit $13.27M $19.00M
YoY Change -30.14% 17.6%
Interest Expense $3.894M -$3.300M
YoY Change -218.0% -194.26%
% of Operating Profit 29.34% -17.37%
Other Income/Expense, Net
YoY Change
Pretax Income $9.450M $15.70M
YoY Change -39.81% 23.93%
Income Tax $4.035M $6.400M
% Of Pretax Income 42.7% 40.76%
Net Earnings $5.415M $9.293M
YoY Change -41.73% 15.34%
Net Earnings / Revenue 8.29% 13.42%
Basic Earnings Per Share $0.06 $0.11
Diluted Earnings Per Share $0.06 $0.10
COMMON SHARES
Basic Shares Outstanding 89.59M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.30M $58.00M
YoY Change 21.21% 25.27%
Cash & Equivalents $70.32M $58.00M
Short-Term Investments
Other Short-Term Assets $6.600M $12.20M
YoY Change -45.9% 1.67%
Inventory
Prepaid Expenses
Receivables $62.30M $64.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $139.2M $135.0M
YoY Change 3.11% 9.31%
LONG-TERM ASSETS
Property, Plant & Equipment $55.70M $59.00M
YoY Change -5.59% 2.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $51.30M $60.70M
YoY Change -15.49% -21.47%
Total Long-Term Assets $391.9M $408.1M
YoY Change -3.97% -4.4%
TOTAL ASSETS
Total Short-Term Assets $139.2M $135.0M
Total Long-Term Assets $391.9M $408.1M
Total Assets $531.1M $543.1M
YoY Change -2.21% -1.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.40M $100.0K
YoY Change 28300.0% 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% -19.15%
Total Short-Term Liabilities $32.20M $32.80M
YoY Change -1.83% -4.65%
LONG-TERM LIABILITIES
Long-Term Debt $307.3M $333.8M
YoY Change -7.94% -6.63%
Other Long-Term Liabilities $14.70M $15.60M
YoY Change -5.77% 77.27%
Total Long-Term Liabilities $322.0M $349.4M
YoY Change -7.84% -4.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.20M $32.80M
Total Long-Term Liabilities $322.0M $349.4M
Total Liabilities $354.2M $382.1M
YoY Change -7.3% -4.64%
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 $176.9M $161.0M
YoY Change
Total Liabilities & Shareholders Equity $531.1M $543.1M
YoY Change -2.21% -1.33%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $5.415M $9.293M
YoY Change -41.73% 15.34%
Depreciation, Depletion And Amortization $3.800M $4.100M
YoY Change -7.32% 7.89%
Cash From Operating Activities $14.50M $13.00M
YoY Change 11.54% -9.72%
INVESTING ACTIVITIES
Capital Expenditures $2.336M $1.794M
YoY Change 30.21% -25.09%
Acquisitions
YoY Change
Other Investing Activities $29.70M $0.00
YoY Change
Cash From Investing Activities $27.50M -$2.900M
YoY Change -1048.28% 26.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.100M -2.900M
YoY Change 6.9% -48.21%
NET CHANGE
Cash From Operating Activities 14.50M 13.00M
Cash From Investing Activities 27.50M -2.900M
Cash From Financing Activities -3.100M -2.900M
Net Change In Cash 38.90M 7.200M
YoY Change 440.28% 10.77%
FREE CASH FLOW
Cash From Operating Activities $14.50M $13.00M
Capital Expenditures $2.336M $1.794M
Free Cash Flow $12.16M $11.21M
YoY Change 8.55% -6.66%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8887000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
579000
evc Amortization Of Syndication Contracts
AmortizationOfSyndicationContracts
289000
evc Payments On Syndication Contracts
PaymentsOnSyndicationContracts
270000
us-gaap Share Based Compensation
ShareBasedCompensation
2634000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5804000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
952000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3192000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
38905000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
30000000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
30000000
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
250000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6960000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11546000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11546000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1814000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2813000
us-gaap Payments Of Dividends
PaymentsOfDividends
6591000
CY2016Q3 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.06
evc Conversion Between Classes Of Common Stock Number Of Shares Converted Per Share
ConversionBetweenClassesOfCommonStockNumberOfSharesConvertedPerShare
1
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2700000
CY2016Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
300000
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 Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2382360
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
100000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-3800000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1500000
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4400000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2016Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2336000
CY2015Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1794000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6922000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11528000
evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
0.00
CY2016Q3 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.02
evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.04
CY2016Q3 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.07
evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.08
CY2016Q3 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.05
evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.02
CY2016Q3 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.23
evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.13
CY2016Q3 evc Percentage Change In Expenses
PercentageChangeInExpenses
0.03
evc Percentage Change In Expenses
PercentageChangeInExpenses
0.07
CY2016Q3 evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.30
evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.20
CY2016Q3 evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.19
evc Percentage Change In Interest Expense
PercentageChangeInInterestExpense
0.19
CY2016Q3 evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
4.92
evc Percentage Change In Interest Income
PercentageChangeInInterestIncome
5.32
CY2016Q3 evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
-0.40
evc Percentage Change In Income Loss Before Income Taxes
PercentageChangeInIncomeLossBeforeIncomeTaxes
-0.31

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