Company Quick10K Filing
Emmis Communications
10-Q 2019-11-30 Filed 2020-01-09
10-Q 2019-08-31 Filed 2019-10-10
10-Q 2019-05-31 Filed 2019-07-11
10-K 2019-02-28 Filed 2019-05-09
10-Q 2018-11-30 Filed 2019-01-10
10-Q 2018-08-31 Filed 2018-10-11
10-Q 2018-05-31 Filed 2018-07-12
10-K 2018-02-28 Filed 2018-05-10
10-Q 2017-11-30 Filed 2018-01-11
10-Q 2017-08-31 Filed 2017-10-12
10-Q 2017-05-31 Filed 2017-07-13
10-K 2017-02-28 Filed 2017-05-11
10-Q 2016-11-30 Filed 2017-01-05
10-Q 2016-08-31 Filed 2016-10-06
10-Q 2016-05-31 Filed 2016-07-07
10-K 2016-02-29 Filed 2016-05-05
10-Q 2015-11-30 Filed 2016-01-07
10-Q 2015-08-31 Filed 2015-10-08
10-Q 2015-05-31 Filed 2015-07-09
10-K 2015-02-28 Filed 2015-05-07
10-Q 2014-11-30 Filed 2015-01-08
10-Q 2014-08-31 Filed 2014-10-09
10-Q 2014-05-31 Filed 2014-07-09
10-K 2014-02-28 Filed 2014-05-08
10-Q 2013-11-30 Filed 2014-01-09
10-Q 2013-08-31 Filed 2013-10-10
10-K 2013-02-28 Filed 2013-05-08
10-Q 2012-11-30 Filed 2013-01-10
10-Q 2012-08-31 Filed 2012-10-11
10-Q 2012-05-31 Filed 2012-07-12
10-K 2012-02-29 Filed 2012-05-10
10-Q 2011-11-30 Filed 2012-01-12
10-Q 2011-08-31 Filed 2011-10-13
10-Q 2011-05-31 Filed 2011-07-13
10-K 2011-02-28 Filed 2011-05-10
10-Q 2010-11-30 Filed 2011-01-11
10-Q 2010-08-31 Filed 2010-10-15
10-Q 2010-05-31 Filed 2010-07-15
10-K 2010-02-28 Filed 2010-05-07
10-Q 2009-11-30 Filed 2010-01-08
8-K 2020-04-21 Enter Agreement, Delisting, Exhibits
8-K 2020-04-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-03-10 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2020-02-10 Regulation FD
8-K 2019-11-27 Officers
8-K 2019-11-25 Enter Agreement, M&A, Exhibits
8-K 2019-11-08 Regulation FD
8-K 2019-10-01 Leave Agreement, M&A
8-K 2019-08-01 Officers, Exhibits
8-K 2019-07-11 Shareholder Vote
8-K 2019-07-11 Earnings, Regulation FD, Exhibits
8-K 2019-06-28 Enter Agreement, Regulation FD, Exhibits
8-K 2019-06-07 Enter Agreement, Regulation FD, Exhibits
8-K 2019-05-09 Exhibits
8-K 2019-04-12 Off-BS Arrangement, Exhibits
8-K 2019-03-01 Officers, Exhibits
8-K 2019-01-10 Earnings, Exhibits
8-K 2018-10-11 Earnings, Exhibits
8-K 2018-07-12 Earnings, Regulation FD, Exhibits
8-K 2018-07-12 Shareholder Vote
8-K 2018-06-29 Officers, Exhibits
8-K 2018-05-10 Earnings, Exhibits
8-K 2018-04-30 M&A
8-K 2018-03-01 Officers, Exhibits
8-K 2018-02-22 Enter Agreement, Regulation FD, Exhibits
8-K 2018-01-30 Regulation FD
8-K 2018-01-11 Earnings, Exhibits

Emmis Communications Financials

EMMS Metrics, Comps, Filings

Quarterly | Annual

Business

We are a diversified media company, principally focused on radio broadcasting. Emmis owns 11 FM and 3 AM radio stations in New York, Indianapolis, and Austin (Emmis has a 50.1% controlling interest in Emmis' radio stations located there). One of the FM radio stations that Emmis currently owns in New York is operated pursuant to a Local Marketing Agreement ("LMA") whereby a third party provides the programming for the station and sells all advertising within that programming. In addition to our radio properties, we also publish Indianapolis Monthly and operate Digonex Technologies, Inc. ("Digonex"), a dynamic pricing business.

We are committed to improving the operating results of our core assets while simultaneously seeking future growth opportunities in new businesses. Our strategy is focused on the following operating principles:

Develop unique and compelling content and strong local brands


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pandora (P) 2,533,179 33% -9.4 -28% 1,172,803 606,924 1,516,990 502,581 -332,102 -254,951 2,400,809
Gray Television (GTN) 1,604,890 0% 14.8 2% 7,104,000 5,051,000 1,871,220 0 173,267 363,267 5,378,890
Central European Media Enterprises (CETV) 1,204,711 45% 8.6 9% 1,339,181 804,599 697,260 311,443 125,606 205,609 1,765,145
EW Scripps (SSP) 1,014,198 0% 18.8 -0% 3,506,491 2,612,883 1,347,548 0 -6,964 155,328 2,913,479
Entercom Communications (ETM) 470,203 0% -12.0 -8% 4,185,448 2,817,578 1,487,186 0 -319,621 -180,130 2,165,827
Entravision Communications (EVC) 271,586 0% 37.7 -3% 687,842 401,866 284,810 0 -19,970 12,288 463,547
Townsquare Media (TSQ) 191,688 0% 13.1 -0% 1,029,668 680,584 428,289 0 -1,591 51,557 677,096
Urban One (UONE) 110,368 15% 11.1 10% 1,261,501 1,062,573 444,616 67,499 123,208 87,503 972,242
Beasley Broadcast Group (BBGI) 87,551 0% 10.2 1% 739,883 458,414 189,461 0 8,666 32,237 328,652
Emmis Communications (EMMS) 58,888 0% 7.3 2% 259,872 157,774 113,896 0 4,025 18,575 135,154
Salem Media (SALM) 43,385 0% 36.2 -4% 586,245 391,574 189,265 0 -23,327 8,105 293,343
NTN Buzztime (NTN) 6,601 0% 29.0 -5% 14,919 8,574 14,638 0 -754 200 5,804
Saga Communications (SGA) 183 0% -1.5 6% 248,999 58,596 124,219 0 13,733 20,064 -30,889
Akazoo (SONG)
Liberty Media Corporation (BATRA)
Cumulus Media (CMLS) -94.7 -0% 0 0 0 -10,600 1,003,622
Grupo Televisa (TV) 0% 297,170,593 192,639,902 0 0 0 0 -1,961,106
ViacomCBS (VIAC) 0% 2.0 16% 24,476,000 19,424,000 15,438,000 0 3,925,000 4,615,000 9,041,000
Tencent Music (TME) 0% 44,605,000 6,833,000 0 0 0 0 -0
Phoenix New Media (FENG) 0% 4,630,719 1,240,358 0 0 0 0 -443,672

Balance Sheet ($'000)2011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-31
Cash9,5789,8825,61910,4869,53211,1758,7354,9596,8215,3195,3042,8696,3984,2233,6693,2706,7514,3164,4564,2845,6942,05711,3492,3104,7183,8974,10711,5768,3899,9757,9424,134
Accounts Receivable40,04937,80532,88034,23636,21834,58928,12632,54034,79633,37531,00039,93540,32841,54237,32839,19239,14440,41234,90636,96238,31137,47726,48427,74225,45423,27420,59417,37819,51521,56316,77518,212
Inventory
PP&E42,87739,776128,15539,76336,40835,670106,91332,39832,03231,237110,96731,51035,16734,967117,69234,14433,97933,488117,34133,13631,98230,678113,23429,01228,61328,16195,93925,52324,91323,86989,62723,043
Assets471,195365,706340,769350,939287,539275,527261,624263,800266,164263,588265,348274,562498,145496,212334,732335,014337,303335,655316,606318,649316,789302,067289,338282,720277,276273,355271,144246,175244,325245,806237,746259,872
Accounts Payable
Long-Term Debt333,277236,976237,703256,825167,947160,560131,494129,537125,530120,997114,926117,830264,855257,442254,150251,482245,312240,117228,027230,891229,678207,428190,372195,745125,244123,792122,84953,38551,95350,36280,90780,400
Liabilities479,494344,923347,283360,510258,602241,576224,525221,994220,759213,507181,980187,479405,826401,474346,881345,467342,467335,778330,755329,999328,824297,409293,354286,549210,970207,284192,881144,884143,468143,920137,379157,774
Stockholders' Equity-197,048-83,817-101,238-104,756-66,049-14,004-9,984-5,771-2,6782,40135,75039,40342,89146,356-58,810-56,111-50,492-43,967-52,546-49,189-48,254-29,953-36,937-36,51733,99234,34847,58371,57871,34272,60272,21474,220
Income Statement ($'000)2011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-31
Revenue64,62159,31950,92156,78757,56953,41434,76650,58654,96752,62146,97259,72461,82462,96053,43058,45362,48259,61450,88456,00258,77456,29943,49340,16442,84835,34530,13028,00632,05630,32323,74627,771
Cost of Revenue
Gross Profit
R&D
SG&A
Tax3,232354-2701945371,11282717547321122,3852,1674,52827,868947826889-593675664629-2,0781534,3942,1974587,600346-9804,195
Net Income-4,62258,702-23,381-2,87340,2085,6364,3164,9573,9255,66834,1052,6674,1923,234-105,7982,1584,9155,968-9,3533,31533518,257-7,57857270,76543212,71824,2394321,549-4722,516
Cash Flow ($'000)2011-08-312011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-31
Cash Operating8734,023-5,437-1,7444,6774,3491,5038,3996,1478,646-8544,6236,8337,8541,68910,3904,6218,4142,0694,0203,6139,350-10,2583,6283,1663,705-811-1524,659-1,730
Cash Investing128,914-2,454-2,75493,3207,60915,811-2,073-1,653-410-1,219-817-134,632-938-3,831-398-776-646-1,461-3791222,7446,122-39779,527-191-51059,980-85-363-244
Cash Financing-129,109-5,60312,953-92,225-10,775-22,835-3,176-4,906-7,239-7,442-764133,538-8,070-4,577-1,690-6,133-6,410-6,813-1,862-2,622-29,994-6,1801,496-80,627-3,796-2,985-53,708-2,950-6,329-1,834