$EVC
ENTRAVISION COMMUNICATIONS CORP

2017 Q1 Form 10-Q Financial Statement

#000156459017009138 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $57.51M $58.11M
YoY Change -1.04% -2.41%
Cost Of Revenue $1.752M $29.40M
YoY Change -94.04% 2061.76%
Gross Profit $55.76M $28.70M
YoY Change 94.28% -50.68%
Gross Profit Margin 96.95% 49.39%
Selling, General & Admin $17.10M $17.00M
YoY Change 0.59% 61.89%
% of Gross Profit 30.67% 59.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.500M $4.000M
YoY Change -12.5% 0.0%
% of Gross Profit 6.28% 13.94%
Operating Expenses $49.46M $21.10M
YoY Change 134.39% -55.58%
Operating Profit $8.053M $7.600M
YoY Change 5.96% -36.92%
Interest Expense $3.645M -$3.900M
YoY Change -193.46% -220.86%
% of Operating Profit 45.26% -51.32%
Other Income/Expense, Net
YoY Change
Pretax Income $4.517M $3.784M
YoY Change 19.37% -57.15%
Income Tax $1.899M $1.500M
% Of Pretax Income 42.04% 39.64%
Net Earnings $2.618M $2.270M
YoY Change 15.33% -57.04%
Net Earnings / Revenue 4.55% 3.91%
Basic Earnings Per Share $0.03 $0.03
Diluted Earnings Per Share $0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 90.24M 88.90M
Diluted Shares Outstanding 91.76M 90.93M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.00M $53.00M
YoY Change 30.19% 6.21%
Cash & Equivalents $68.98M $23.00M
Short-Term Investments $30.00M
Other Short-Term Assets $5.700M $6.000M
YoY Change -5.0% -48.72%
Inventory
Prepaid Expenses
Receivables $54.50M $60.71M
Other Receivables $0.00 $0.00
Total Short-Term Assets $129.1M $119.7M
YoY Change 7.85% 8.34%
LONG-TERM ASSETS
Property, Plant & Equipment $53.90M $57.00M
YoY Change -5.44% 0.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $48.20M $58.70M
YoY Change -17.89% 917.33%
Total Long-Term Assets $636.9M $402.2M
YoY Change 58.35% -3.58%
TOTAL ASSETS
Total Short-Term Assets $129.1M $119.7M
Total Long-Term Assets $636.9M $402.2M
Total Assets $766.0M $521.9M
YoY Change 46.77% -1.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.90M $26.30M
YoY Change -5.32% 26200.0%
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% 1.33%
Total Short-Term Liabilities $28.60M $30.02M
YoY Change -4.73% -4.09%
LONG-TERM LIABILITIES
Long-Term Debt $285.9M $308.8M
YoY Change -7.42% -7.99%
Other Long-Term Liabilities $12.20M $15.57M
YoY Change -21.65% 35.99%
Total Long-Term Liabilities $298.1M $324.4M
YoY Change -8.11% -6.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.60M $30.02M
Total Long-Term Liabilities $298.1M $324.4M
Total Liabilities $326.8M $354.4M
YoY Change -7.79% -6.33%
SHAREHOLDERS EQUITY
Retained Earnings -$736.6M
YoY Change -2.98%
Common Stock $908.8M
YoY Change -0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.5M $167.5M
YoY Change
Total Liabilities & Shareholders Equity $514.3M $521.9M
YoY Change -1.45% -1.09%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $2.618M $2.270M
YoY Change 15.33% -57.04%
Depreciation, Depletion And Amortization $3.500M $4.000M
YoY Change -12.5% 0.0%
Cash From Operating Activities $12.90M $10.50M
YoY Change 22.86% -57.66%
INVESTING ACTIVITIES
Capital Expenditures $1.526M $2.239M
YoY Change -31.84% -30.94%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$30.00M
YoY Change -98.33%
Cash From Investing Activities -$2.000M -$32.10M
YoY Change -93.77% 970.0%
FINANCING ACTIVITIES
Cash Dividend Paid $2.821M $2.781M
YoY Change 1.44% 26.93%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $938.0K $938.0K
YoY Change 0.0% 0.0%
Cash From Financing Activities -3.400M -3.300M
YoY Change 3.03% 3.13%
NET CHANGE
Cash From Operating Activities 12.90M 10.50M
Cash From Investing Activities -2.000M -32.10M
Cash From Financing Activities -3.400M -3.300M
Net Change In Cash 7.462M -24.90M
YoY Change -129.97% -233.87%
FREE CASH FLOW
Cash From Operating Activities $12.90M $10.50M
Capital Expenditures $1.526M $2.239M
Free Cash Flow $11.37M $8.261M
YoY Change 37.68% -61.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Cost Of Revenue
CostOfRevenue
1752000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4517000
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.03
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90236476
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91760531
CY2017Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
553000
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
553000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3171000
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1473000
CY2017Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
183000
CY2017Q1 evc Amortization Of Syndication Contracts
AmortizationOfSyndicationContracts
109000
CY2017Q1 evc Payments On Syndication Contracts
PaymentsOnSyndicationContracts
113000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
975000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10979000
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
891000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5963000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12916000
CY2016Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
30000000
CY2017Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
250000
CY2017Q1 evc Payment For Deposit On Acquisition
PaymentForDepositOnAcquisition
230000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-32135000
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
400000
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
938000
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
2781000
CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
786000
CY2016Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
917000
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q1 evc Conversion Between Classes Of Common Stock Number Of Shares Converted Per Share
ConversionBetweenClassesOfCommonStockNumberOfSharesConvertedPerShare
1
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
100000
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2034653
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13489
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000
CY2014Q4 evc Additional Shares Amount Added To Repurchase Program
AdditionalSharesAmountAddedToRepurchaseProgram
10000000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4100000
CY2016Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-1000000
CY2016Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-400000
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4700000
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2239000
CY2017Q1 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.01
CY2017Q1 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
-0.02
CY2017Q1 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
-0.02
CY2017Q1 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.12

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