2019 Q4 Form 10-K Financial Statement

#000156459020011103 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $70.84M $273.6M $82.07M
YoY Change -13.69% -8.14% 11.72%
Cost Of Revenue $40.30M $36.76M $41.20M
YoY Change -2.18% -78.42% -8.04%
Gross Profit $30.50M $236.8M $40.80M
YoY Change -25.25% 85.74% 42.66%
Gross Profit Margin 43.06% 86.56% 49.71%
Selling, General & Admin $22.00M $53.97M $20.90M
YoY Change 5.26% 4.72% -1.88%
% of Gross Profit 72.13% 22.79% 51.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.200M $10.60M $4.200M
YoY Change 0.0% 4.95% 7.69%
% of Gross Profit 13.77% 4.48% 10.29%
Operating Expenses $25.50M $53.97M $23.90M
YoY Change 6.69% -79.58% -4.4%
Operating Profit $5.000M -$1.653M $16.90M
YoY Change -70.41% -104.92% 369.44%
Interest Expense $2.100M $13.68M -$1.600M
YoY Change -231.25% -13.09% -70.37%
% of Operating Profit 42.0% -9.47%
Other Income/Expense, Net -$600.0K
YoY Change
Pretax Income $6.300M -$11.30M $12.80M
YoY Change -50.78% -152.77% -350.98%
Income Tax -$1.100M $8.200M $4.700M
% Of Pretax Income -17.46% 36.72%
Net Earnings $7.360M -$19.71M $6.913M
YoY Change 6.47% -262.09% -45.74%
Net Earnings / Revenue 10.39% -7.21% 8.42%
Basic Earnings Per Share $0.09 -$0.23 $0.08
Diluted Earnings Per Share $0.09 -$0.23 $0.08
COMMON SHARES
Basic Shares Outstanding 85.11M
Diluted Shares Outstanding 85.11M

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.8M $124.8M $179.2M
YoY Change -30.36% -30.36% 352.53%
Cash & Equivalents $33.12M $33.10M $46.73M
Short-Term Investments $91.70M $91.70M $132.4M
Other Short-Term Assets $13.30M $13.30M $12.60M
YoY Change 5.56% 5.56% -94.49%
Inventory
Prepaid Expenses
Receivables $71.41M $71.40M $79.31M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $209.4M $209.4M $271.0M
YoY Change -22.73% -22.73% -23.1%
LONG-TERM ASSETS
Property, Plant & Equipment $79.60M $123.5M $64.94M
YoY Change 22.58% 90.29% 7.63%
Goodwill $46.51M $74.29M
YoY Change -37.39% 5.04%
Intangibles $269.3M $277.2M
YoY Change -2.84% -0.26%
Long-Term Investments
YoY Change
Other Assets $7.462M $7.500M $2.934M
YoY Change 154.33% 158.62% -37.44%
Total Long-Term Assets $446.8M $446.8M $419.4M
YoY Change 6.54% 6.53% 1.37%
TOTAL ASSETS
Total Short-Term Assets $209.4M $209.4M $271.0M
Total Long-Term Assets $446.8M $446.8M $419.4M
Total Assets $656.2M $656.2M $690.4M
YoY Change -4.95% -4.95% -9.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.50M $11.50M $14.70M
YoY Change -21.77% -21.77% -37.97%
Accrued Expenses $9.100M $21.40M
YoY Change 40.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $65.99M $66.00M $54.03M
YoY Change 22.12% 22.22% -16.67%
LONG-TERM LIABILITIES
Long-Term Debt $213.0M $213.0M $240.5M
YoY Change -11.45% -11.43% -17.76%
Other Long-Term Liabilities $3.371M $44.80M $16.42M
YoY Change -79.47% 173.17% -17.45%
Total Long-Term Liabilities $216.4M $257.8M $257.0M
YoY Change -15.8% 0.35% -17.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.99M $66.00M $54.03M
Total Long-Term Liabilities $216.4M $257.8M $257.0M
Total Liabilities $368.0M $368.0M $357.7M
YoY Change 2.89% 2.88% -14.4%
SHAREHOLDERS EQUITY
Retained Earnings -$547.9M -$528.2M
YoY Change 3.73% -2.25%
Common Stock $836.2M $862.3M
YoY Change -3.03% -2.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $288.2M $288.2M $332.7M
YoY Change
Total Liabilities & Shareholders Equity $656.2M $656.2M $690.4M
YoY Change -4.95% -4.95% -9.88%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $7.360M -$19.71M $6.913M
YoY Change 6.47% -262.09% -45.74%
Depreciation, Depletion And Amortization $4.200M $10.60M $4.200M
YoY Change 0.0% 4.95% 7.69%
Cash From Operating Activities $8.000M $31.54M $11.30M
YoY Change -29.2% -6.68% 41.25%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M $25.28M -$4.800M
YoY Change 33.33% 48.67% 92.0%
Acquisitions
YoY Change
Other Investing Activities $15.90M $41.90M -$500.0K
YoY Change -3280.0% -130.06% -97.6%
Cash From Investing Activities $9.500M $14.36M -$5.200M
YoY Change -282.69% -109.0% -77.59%
FINANCING ACTIVITIES
Cash Dividend Paid $16.96M
YoY Change -4.61%
Common Stock Issuance & Retirement, Net $12.57M
YoY Change -9.03%
Debt Paid & Issued, Net $28.00M
YoY Change -47.17%
Cash From Financing Activities -33.00M -59.44M -61.10M
YoY Change -45.99% -32.93% 511.0%
NET CHANGE
Cash From Operating Activities 8.000M 31.54M 11.30M
Cash From Investing Activities 9.500M 14.36M -5.200M
Cash From Financing Activities -33.00M -59.44M -61.10M
Net Change In Cash -15.50M -13.61M -55.00M
YoY Change -71.82% -93.65% 118.25%
FREE CASH FLOW
Cash From Operating Activities $8.000M $31.54M $11.30M
Capital Expenditures -$6.400M $25.28M -$4.800M
Free Cash Flow $14.40M $6.256M $16.10M
YoY Change -10.56% -62.74% 53.33%

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NetCashProvidedByUsedInFinancingActivities
-24795000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-71000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1688000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2268000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
798000
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11000
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13608000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-214389000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31539000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33796000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
301520000
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
33000
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
50000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25283000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17006000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12078000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2300000
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3153000
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
32588000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3522000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
29149000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1400000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
159403000
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
43647000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
25000000
CY2019 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
300000
CY2018 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1495000
CY2017 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
2450000
CY2017 evc Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
190000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14364000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
28000000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
53000000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
293563000
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
16962000
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
17782000
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
14670000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12565000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13812000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5330000
CY2018 evc Payment Of Contingent Consideration
PaymentOfContingentConsideration
2015000
CY2017 evc Payment Of Contingent Consideration
PaymentOfContingentConsideration
3819000
CY2017 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
2441000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
298500000
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
225000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
200334000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47465000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
261854000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
61520000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33857000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
12802000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
14619000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
13472000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2847000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3265000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
846000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
730000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
660000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1678000
CY2019 evc Business Combination Contingent Consideration Liability Assumed
BusinessCombinationContingentConsiderationLiabilityAssumed
1641000
CY2018 evc Business Combination Contingent Consideration Liability Assumed
BusinessCombinationContingentConsiderationLiabilityAssumed
8119000
CY2017 evc Business Combination Contingent Consideration Liability Assumed
BusinessCombinationContingentConsiderationLiabilityAssumed
12107000
CY2019 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. NATURE OF BUSINESS </p> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Nature of Business </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Entravision Communications Corporation (together with its subsidiaries, hereinafter referred to collectively as the &#8220;Company&#8221;) is a leading global media company that, through its television and radio segments, reaches and engages U.S. Hispanics<font style="Background-color:#FFFFFF;color:#000000;"> across acculturation levels and media channels. Additionally, the Company&#8217;s digital segment, located primarily in Spain, Mexico, Argentina and other countries in Latin America, reaches a global market.</font> Entravision&#8217;s operations encompass integrated marketing and media solutions, comprised of television, radio, and digital properties and data analytics services. The Company&#8217;s management has determined that the Company operates in three reportable segments as of December&#160;31, 2019, based upon the type of advertising medium, which segments are television broadcasting, radio broadcasting, and digital media. As of December&#160;31, 2019, the Company owns and/or operates 56 primary television stations located primarily in California, Colorado, Connecticut, Florida, Kansas, Massachusetts, Nevada, New Mexico, Texas and Washington, D.C. The Company&#8217;s television operations comprise the largest affiliate group of both the top-ranked primary television network of Univision Communications Inc. (&#8220;Univision&#8221;) and Univision&#8217;s UniM&#225;s network. The television broadcasting segment includes revenue generated from advertising, retransmission consent agreements and the monetization of the Company&#8217;s spectrum assets. Radio operations consist of 49 operational radio stations, 38 FM and 11 AM, in 16 markets located in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas. Entravision also operates Entravision Solutions as its national sales representation division, through which it sells advertisements and syndicate radio programming to more than 100 markets across the United States. The Company operates a proprietary technology and data platforms that delivers digital advertising in various advertising formats that allows advertisers to reach audiences across a wide range of Internet-connected devices on its owned and operated digital media sites; the digital media sites of its publisher partners; and on other digital media sites it can access through third-party platforms and exchanges.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;">&nbsp;</p>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;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, and 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&#8217;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 undiscounted cash flows, the fair value of reporting units and indefinite life intangible assets, fair values of derivative instruments, disclosure of the fair value of debt, deferred income taxes and the purchase price allocations used in the Company&#8217;s acquisitions. </p>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations of Credit Risk and Trade Receivables </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. The Company from time to time may have bank deposits in excess of the FDIC insurance limits. As of December&#160;31, 2019, substantially all deposits are maintained in one financial institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company routinely assesses the financial strength of its customers and, as a consequence, believes that its trade receivable credit risk exposure is limited. 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. A valuation allowance 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 of a customer&#8217;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. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimated losses for bad debts are provided for in the consolidated financial statements through a charge to expense that aggregated $2.3 million, $1.8 million and $1.1 million for the years ended December&#160;31, 2019, 2018 and 2017, respectively. The net charge off of bad debts aggregated $2.8 million, $1.2 million and $1.1 million for the years ended December&#160;31, 2019, 2018 and 2017, respectively. </p>
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1117216
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2300000
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1800000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2800000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1200000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1100000
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
211700000
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
241300000
CY2019 evc Percentage Of Tax Benefit Recognized
PercentageOfTaxBenefitRecognized
0.50
CY2019 us-gaap Advertising Expense
AdvertisingExpense
500000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
100000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
600000
CY2019 evc Broadcast Trade Cost
BroadcastTradeCost
500000
CY2018 evc Broadcast Trade Cost
BroadcastTradeCost
700000
CY2017 evc Broadcast Trade Cost
BroadcastTradeCost
900000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
629933
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
906519
CY2018 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
582653
CY2017 evc Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Units
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockUnits
713181
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
182847
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
243234
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45800000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
52400000
CY2018Q4 us-gaap Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
8100000
CY2019Q4 us-gaap Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
1600000
CY2019 evc Business Combination Contingent Consideration Arrangements Performance Benchmark Period
BusinessCombinationContingentConsiderationArrangementsPerformanceBenchmarkPeriod
P3Y
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2759000
CY2019 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
2390000
CY2019 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-2759000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2390000
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2957000
CY2018 evc Increase In Contract With Customer Liability
IncreaseInContractWithCustomerLiability
2759000
CY2018 evc Decrease In Contract With Customer Liability
DecreaseInContractWithCustomerLiability
-2957000
CY2017Q4 us-gaap Goodwill
Goodwill
70729000
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3563000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-67000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
27714000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
116591000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
116391000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
269316000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
277196000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6100000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4351000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3519000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2378000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1506000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1333000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3685000
CY2019Q4 evc Property Plant And Equipment Excluding Land Gross
PropertyPlantAndEquipmentExcludingLandGross
258900000
CY2018Q4 evc Property Plant And Equipment Excluding Land Gross
PropertyPlantAndEquipmentExcludingLandGross
243000000
CY2019Q4 evc Property Plant And Equipment Excluding Land Net
PropertyPlantAndEquipmentExcludingLandNet
70300000
CY2018Q4 evc Property Plant And Equipment Excluding Land Net
PropertyPlantAndEquipmentExcludingLandNet
55600000
CY2019Q4 us-gaap Land
Land
9300000
CY2018Q4 us-gaap Land
Land
9300000
CY2019 us-gaap Depreciation
Depreciation
10600000
CY2018 us-gaap Depreciation
Depreciation
10100000
CY2017 us-gaap Depreciation
Depreciation
10500000
CY2019 evc Operating Lease Remaining Lease Term Description
OperatingLeaseRemainingLeaseTermDescription
The Company’s existing leases have remaining terms of less than one year up to 32 years.
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10975000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9293000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7992000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6422000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5392000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
30724000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
70798000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20355000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
50443000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
10582000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4797000
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
300000
CY2019Q4 evc Other Taxes Payable Current
OtherTaxesPayableCurrent
2100000
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8500000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
10232000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1978000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
668000
CY2019 us-gaap Lease Cost
LeaseCost
12878000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10400000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
10700000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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8500000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7600000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6100000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
38500000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
81800000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12000000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
10500000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
11500000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
14700000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4500000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5200000
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4300000
CY2018Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
6300000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
300000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
500000
CY2019Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2400000
CY2018Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
2800000
CY2019Q4 evc Accrued National Representation Fees
AccruedNationalRepresentationFees
1000000
CY2018Q4 evc Accrued National Representation Fees
AccruedNationalRepresentationFees
1000000
CY2018Q4 evc Other Taxes Payable Current
OtherTaxesPayableCurrent
3300000
CY2019Q4 evc Amounts Due Under Joint Sales Agreements
AmountsDueUnderJointSalesAgreements
1300000
CY2018Q4 evc Amounts Due Under Joint Sales Agreements
AmountsDueUnderJointSalesAgreements
1200000
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1500000
CY2018Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1500000
CY2019Q4 evc Accrued Capital Expenditures
AccruedCapitalExpenditures
700000
CY2018Q4 evc Accrued Capital Expenditures
AccruedCapitalExpenditures
700000
CY2019Q4 evc Accrued Media Costs
AccruedMediaCosts
9900000
CY2018Q4 evc Accrued Media Costs
AccruedMediaCosts
6000000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5900000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7500000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
218200000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
246200000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
4.58
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.69
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.64
CY2019 evc Conversion Between Classes Of Common Stock Number Of Shares Converted Per Share
ConversionBetweenClassesOfCommonStockNumberOfSharesConvertedPerShare
1
CY2019 evc Retransmission Consent Revenue
RetransmissionConsentRevenue
35400000
CY2018 evc Retransmission Consent Revenue
RetransmissionConsentRevenue
35100000
CY2019 evc Carriage Cost
CarriageCost
0
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2200000
CY2017 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1800000
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2500000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1600000
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-300000
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1800000
CY2019 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
500000
CY2019 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.18
CY2018 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.18
CY2017 evc Percentage Of Revenue Generated From Foreign Countries
PercentageOfRevenueGeneratedFromForeignCountries
0.07
CY2019 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
25284000
CY2018 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
15717000
CY2017 evc Capital Additions Including Non Cash Additions
CapitalAdditionsIncludingNonCashAdditions
12688000
CY2017Q4 us-gaap Assets
Assets
766139000
CY2019 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.08
CY2018 evc Percentage Change In Net Revenue
PercentageChangeInNetRevenue
-0.44
CY2019 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
-0.05
CY2018 evc Percentage Change In Direct Operating Costs
PercentageChangeInDirectOperatingCosts
0.05
CY2019 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.05
CY2018 evc Percentage Change In Selling General And Administrative Expense
PercentageChangeInSellingGeneralAndAdministrativeExpense
0.05
CY2019 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
0.02
CY2018 evc Percentage Change In Depreciation And Amortization
PercentageChangeInDepreciationAndAmortization
-0.01
CY2019 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.22
CY2018 evc Percentage Change In Operating Profit Loss
PercentageChangeInOperatingProfitLoss
-0.80
CY2019 evc Percentage Change In Expenses
PercentageChangeInExpenses
0.04
CY2018 evc Percentage Change In Expenses
PercentageChangeInExpenses
-0.04
CY2019 evc Percentage Change In Fair Value Of Contingent Consideration
PercentageChangeInFairValueOfContingentConsideration
4.39
CY2019 evc Percentage Change In Foreign Currency Exchange Gain Loss
PercentageChangeInForeignCurrencyExchangeGainLoss
0.53
CY2018 evc Percentage Change In Foreign Currency Exchange Gain Loss
PercentageChangeInForeignCurrencyExchangeGainLoss
-3.62
CY2019 evc Percentage Change In Other Operating Gain Loss
PercentageChangeInOtherOperatingGainLoss
4.05
CY2018 evc Percentage Change In Other Operating Gain Loss
PercentageChangeInOtherOperatingGainLoss
3.53
CY2018 evc Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.88
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64680000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69241000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68816000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70838000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
1424000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-16279000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-12217000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
7360000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
66838000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74329000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74575000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82073000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-1807000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
4840000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
2215000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
6913000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08

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