← Townsquare Media, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $23.1m |
($11.2m)
-148.51%
|
($32.9m)
-194.41%
|
($67.8m)
-105.78%
|
($82.5m)
-21.70%
|
$16.7m
+120.29%
|
$12.3m
-26.28%
|
($45.0m)
-464.44%
|
($12.7m)
+71.74%
|
($11.5m)
+9.35%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $23.3m | ($10.3m) | ($31.6m) | ($65.7m) | ($80.6m) | $18.8m | $14.4m | ($43.0m) | ($10.9m) | ($9.8m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $234k | $912k | $1.4m | $2.1m | $1.9m | $2.0m | $2.1m | $1.9m | $1.8m | $1.8m | — | |
| Depreciation, Depletion and Amortization | $20.0m | $22.7m | $19.0m | $25.8m | $20.1m | $19.1m | $19.0m | $19.2m | $19.7m | $18.4m | $20.4m | |
| Amortization of Debt Issuance Costs | $1.6m | $1.6m | $1.5m | $1.4m | $1.6m | $1.7m | $1.9m | $2.1m | $2.1m | $1.1m | — | |
| Amortization of Intangible Assets | $4.0m | $3.0m | $1.6m | $900k | $1.0m | $1.1m | $6.2m | $7.3m | $7.3m | $3.6m | — | |
| Depreciation | $20.0m | $22.7m | $17.4m | $27.0m | $19.1m | $18.0m | $17.1m | $16.7m | $17.2m | $16.3m | $18.9m | |
| Deferred Income Tax Expense (Benefit) | $15.9m | ($13.8m) | $699k | ($15.0m) | ($24.2m) | $9.8m | ($1.3m) | ($6.9m) | $644k | $4.3m | $3.5m | |
| Share-based Payment Arrangement, Noncash Expense | $4.3m | $748k | $1.6m | $2.6m | $2.1m | $3.7m | $3.8m | $8.0m | $17.2m | $13.8m | $12.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $500k | $1.0m | $400k | $12.8m | |
| Goodwill, Impairment Loss | — | $48.9m | $12.5m | $69.0m | $0 | — | — | $4.2m | $4.4m | $5.3m | $42.6m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $600k | $0 | $0 | $1.2m | $14.5m | $2.0m | $0 | — | |
| Goodwill and Intangible Asset Impairment | $0 | $51.8m | $32.4m | $108.7m | $109.1m | $1.9m | $31.1m | $90.6m | $37.7m | $8.9m | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $771k | $19.9m | $39.4m | — | — | $31.1m | $90.6m | $37.7m | $8.9m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $600k | $300k | $0 | — | |
| Other Nonoperating Income (Expense) | $665k | ($288k) | ($167k) | ($1.1m) | $820k | $500k | ($2.0m) | $6.0m | $5.0m | ($94k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $5.8m | $864k | $1.2m | $6.4m | ($171k) | $3.1m | $7.2m | $3.9m | $5.0m | ($3.2m) | ($5.5m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.9m | $2.2m | $4.7m | $1.6m | $7.0m | $3.9m | $3.0m | $4.3m | $4.7m | $6.0m | ($5.5m) | |
| Increase (Decrease) in Accounts Payable | ($2.5m) | $669k | ($3.3m) | $2.4m | ($5.1m) | ($3.4m) | ($1.6m) | $982k | ($751k) | $2.5m | ($558k) | |
| Net Cash Provided by (Used in) Operating Activities | $59.8m |
$50.7m
-15.25%
|
$36.6m
-27.72%
|
$40.0m
+9.16%
|
$31.5m
-21.26%
|
$61.1m
+94.18%
|
$50.2m
-17.92%
|
$67.8m
+35.15%
|
$48.7m
-28.13%
|
$30.6m
-37.22%
|
$28.3m
-7.68%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | $800k | — | ($3.5m) | |
| Payments to Acquire Property, Plant, and Equipment | $20.9m | $22.8m | $18.1m | $19.7m | $14.9m | $12.4m | $15.8m | $15.0m | $17.4m | $15.2m | ($14.0m) | |
| Payments to Acquire Investments | — | $857k | $0 | $0 | $400k | $278k | $0 | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $132k | ($2.1m) | ($388k) | $202k | $0 | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.2m | $5.5m | $24.8m | $787k | — | — | $18.5m | $0 | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($21.0m) | ($28.9m) | ($18.3m) | ($5.9m) | ($14.0m) | ($10.6m) | ($37.8m) | ($3.6m) | ($9.9m) | ($4.5m) | ($8.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $546k | $0 | — | — | — | — | — | — | $46k | $1.2m | — | |
| Payments for Repurchase of Common Stock | — | — | — | $400k | $0 | $1.4m | $225k | $16.6m | $23.6m | $0 | — | |
| Dividends paid | — | — | $6.2m | — | — | — | — | — | — | — | ($13.9m) | |
| Payments of Dividends | — | — | $6.2m | — | — | — | — | — | — | — | ($13.9m) | |
| Dividends Payable | — | — | $2.2m | — | — | — | — | — | $3.4m | $3.8m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($19.7m) |
($8.0m)
+59.66%
|
($18.1m)
-127.07%
|
($10.3m)
+42.73%
|
($18.9m)
-82.62%
|
($83.2m)
-340.60%
|
($19.5m)
+76.56%
|
($46.6m)
-139.00%
|
($67.4m)
-44.52%
|
($54.3m)
+19.39%
|
($21.6m)
+60.28%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $14.5m | ($646k) | $23.8m | ($1.4m) | ($32.7m) | ($7.1m) | $17.6m | ($28.6m) | ($28.2m) | $1.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $14.5m | ($646k) | $85.2m | $83.7m | $51.0m | $43.9m | $61.5m | $33.0m | $4.8m | $1.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $14.5m | ($646k) | $0 | ($1.4m) | ($32.7m) | ($7.1m) | $17.6m | ($28.6m) | ($28.2m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $0 | — | — | $0 | $49k | $11.9m | $790k | $6.8m | $7.9m | $853k | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $34.0m | $33.5m | $28.5m | $28.7m | $38.6m | $37.5m | $35.8m | $51.9m | — | |
| Income Taxes Paid, Net | $1.9m | $3.2m | $1.2m | $818k | $1.6m | $595k | $1.2m | $1.4m | $1.1m | $561k | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($5.0m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($282k) | ($397k) | $415k | ($92k) | ($83k) | ($601k) | $275k | ($170k) | $765k | $8.8m | — | |
| General and Administrative Expense | $25.4m | $25.8m | $27.2m | $28.6m | $26.9m | $24.5m | $24.4m | $25.0m | $23.8m | $21.0m | — | |
| Goodwill | $293.0m | $243.0m | $240.6m | $157.9m | $157.9m | $157.9m | $161.4m | $157.3m | $152.9m | $147.6m | $42.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($59.6m) | ($82.5m) | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | ($8.9m) | ($494k) | ($57.5m) | ($80.6m) | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | ($1.4m) | ($31.1m) | ($8.2m) | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $17.0m | ($13.0m) | $1.6m | ($14.6m) | ($23.9m) | $10.4m | ($564k) | ($6.1m) | $1.3m | $4.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $36.2m | — | — | |
| Payments of Financing Costs | $0 | $526k | $2k | $571k | $0 | $9.2m | $0 | — | — | $4.7m | — | |
| Proceeds from Noncontrolling Interests | — | — | $0 | $1.5m | $0 | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $4.3m | $4.7m | $6.0m | — |