Company Quick10K Filing
Central European Media Enterprises
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 266 $1,112
10-Q 2019-10-17 Quarter: 2019-09-30
10-Q 2019-07-23 Quarter: 2019-06-30
10-Q 2019-04-30 Quarter: 2019-03-31
10-K 2019-02-06 Annual: 2018-12-31
10-Q 2018-10-18 Quarter: 2018-09-30
10-Q 2018-07-24 Quarter: 2018-06-30
10-Q 2018-04-26 Quarter: 2018-03-31
10-K 2018-02-08 Annual: 2017-12-31
10-Q 2017-10-24 Quarter: 2017-09-30
10-Q 2017-07-25 Quarter: 2017-06-30
10-Q 2017-04-26 Quarter: 2017-03-31
10-K 2017-02-09 Annual: 2016-12-31
10-Q 2016-10-25 Quarter: 2016-09-30
10-Q 2016-07-26 Quarter: 2016-06-30
10-Q 2016-04-27 Quarter: 2016-03-31
10-K 2016-02-22 Annual: 2015-12-31
10-Q 2015-10-27 Quarter: 2015-09-30
10-Q 2015-07-29 Quarter: 2015-06-30
10-Q 2015-04-29 Quarter: 2015-03-31
10-K 2015-03-12 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-30 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-10-30 Quarter: 2013-09-30
10-Q 2013-07-31 Quarter: 2013-06-30
10-Q 2013-04-29 Quarter: 2013-03-31
10-K 2013-02-27 Annual: 2012-12-31
10-Q 2012-10-31 Quarter: 2012-09-30
10-Q 2012-08-01 Quarter: 2012-06-30
10-Q 2012-05-02 Quarter: 2012-03-31
10-K 2012-02-22 Annual: 2011-12-31
10-Q 2011-10-26 Quarter: 2011-09-30
10-Q 2011-07-27 Quarter: 2011-06-30
10-Q 2011-04-27 Quarter: 2011-03-31
10-K 2011-02-23 Annual: 2010-12-31
10-Q 2010-10-27 Quarter: 2010-09-30
10-Q 2010-07-28 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2019-12-03 Officers, Exhibits
8-K 2019-10-27 Enter Agreement, Officers, Other Events, Exhibits
8-K 2019-10-17
8-K 2019-09-18 Officers
8-K 2019-07-23 Earnings, Exhibits
8-K 2019-05-21 Shareholder Vote
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-03-25 Regulation FD, Exhibits
8-K 2019-03-20 Officers
8-K 2019-02-06 Earnings, Exhibits
8-K 2019-01-18 Leave Agreement, Regulation FD, Other Events, Exhibits
8-K 2018-12-06 Enter Agreement, Exhibits
8-K 2018-12-04 Officers
8-K 2018-11-01 Enter Agreement, Exhibits
8-K 2018-10-18 Earnings, Exhibits
8-K 2018-09-13 Enter Agreement, Exhibits
8-K 2018-07-31 M&A
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-07-05 Enter Agreement, Exhibits
8-K 2018-06-19 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-25 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-04-12 Enter Agreement, Exhibits
8-K 2018-03-27 Officers
8-K 2018-02-21 Officers
8-K 2018-02-08 Earnings, Exhibits

Central European Media Enterprises Financials

CETV Metrics, Comps, Filings

Annual | Quarterly

Business

Central European Media Enterprises Ltd., a Bermuda company limited by shares, is a media and entertainment company operating in Central and Eastern Europe. Our assets are held through a series of Dutch and Curaçao holding companies. We manage our business on a geographical basis, with five operating segments, Bulgaria, the Czech Republic, Romania, the Slovak Republic and Slovenia, which are also our reportable segments and our main operating countries. We own 94% of our Bulgaria operations and 100% of our companies in our remaining countries.

On July 9, 2017, we entered into a framework agreement with Slovenia Broadband S.à r.l., a wholly owned subsidiary of United Group B.V., relating to the sale of our Croatian and Slovenian operations (the "Divestment Transaction"). Following an amendment and restatement of that agreement on July 5, 2018 to permit the sale of each operation independently, the sale of our Croatian operations was completed on July 31, 2018. Accordingly, the Croatian operations are presented as discontinued operations for all periods in this report. The agreement to sell our operations in Slovenia was terminated on January 18, 2019. As a result, the Slovenian operations are not presented as held for sale or discontinued operations, and the discussion below relates to our continuing operations in the five operating segments. See Part II, Item 8, Note 3, "Discontinued Operations and Assets Held for Sale" for further information.

Our main operating countries are members of the European Union (the "EU"). However, as emerging economies, they have adopted Western-style democratic forms of government and have economic structures, political and legal systems, and corporate governance and business practices that continue to evolve. As the economies of our operating countries converge with more developed nations and their economic and commercial infrastructures continue to mature, we believe the business risks of operating in these countries will continue to decline.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pandora (P) 2,533 33% -9.4 -28% 1,173 607 1,517 503 -332 -255 2,401
Gray Television (GTN) 1,603 0% 13.5 3% 7,001 4,988 1,634 0 176 404 5,452
EW Scripps (SSP) 1,203 0% 13.9 1% 3,048 1,300 0 34 179 2,484
Central European Media Enterprises (CETV) 1,112 45% 5.8 12% 1,469 916 682 304 180 294 1,704
Entercom Communications (ETM) 813 0% -23.8 -8% 4,125 2,777 1,480 0 -321 -105 2,499
Entravision Communications (EVC) 249 21% 13.1 -1% 700 397 291 61 -5 33 437
Townsquare Media (TSQ) 139 0% 9.8 -0% 1,013 668 430 0 -1 65 637
Urban One (UONE) 107 52% 3.9 11% 1,269 1,077 444 229 141 257 1,002
Beasley Broadcast Group (BBGI) 84 0% 7.9 1% 724 445 264 0 10 40 317
Emmis Communications (EMMS) 59 0% 7.3 2% 260 158 114 0 4 19 135
Salem Media (SALM) 49 0% 8.5 -1% 611 395 258 0 -5 36 303
Saga Communications (SGA) 0 0% -1.4 6% 247 59 125 0 14 21 -28
NTN Buzztime (NTN) 0 0% -0.8 -1% 16 9 22 0 -0 1 -1
Akazoo (SONG)
Tencent Music (TME)
Liberty Media Corporation (BATRA)
ViacomCBS (VIAC)
Cumulus Media (CMLS) -63.6 -0% 0 0 0 -17 1,094
Phoenix New Media (FENG) 0% 4,631 1,240 0 0 0 0 -444
Grupo Televisa (TV) 0% 297,171 192,640 0 0 0 0 -1,961

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash244023100435562
Accounts Receivable209192184000178159193
Inventory566
PP&E251217207000109104118
Assets2,941-1842,175-2,692-3,248-3,1601,3911,6281,488
Accounts Payable4855585655605349
Long-Term Debt1,3461,0031,27195601,1231,0041,089736
Liabilities1,6931,6641,543-2,509-1,621-1,6881,2421,369990
Stockholders' Equity1,2271626440-1,627-1,471-108-6229
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue737862772000638574704
Cost of Revenue123136175141850414340408
Gross Profit614726597-141-850224235296
R&D
SG&A12012096000113105118
Tax54-147-2101528
Net Income97-180-546589275-74-18149158
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-5030-3000-63495109
Cash Investing-457-43-32524519254-29-25-25
Cash Financing7-3812-524-519-248-23-58-182