EW SCRIPPS Co
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
SSP$3.69+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Operating Revenues: | ||||
| Advertising | $447,252 | $355,167 | $1,162,991 | $1,078,369 |
| Distribution | 191,772 | 203,859 | 593,931 | 571,320 |
| Other | 7,276 | 7,503 | 24,471 | 27,454 |
| Total operating revenues | 646,300 | 566,529 | 1,781,393 | 1,677,143 |
| Operating Expenses: | ||||
| Cost of revenues, excluding depreciation and amortization | 317,486 | 321,227 | 973,126 | 946,511 |
| Selling, general and administrative expenses, excluding depreciation and amortization | 154,781 | 147,849 | 452,006 | 448,997 |
| Restructuring costs | 12,665 | 4,705 | 18,653 | 29,208 |
| Depreciation | 15,811 | 15,100 | 46,081 | 45,290 |
| Amortization of intangible assets | 23,050 | 23,488 | 69,936 | 70,469 |
| Impairment of goodwill | — | — | — | 686,000 |
| Losses (gains), net on disposal of property and equipment | 727 | 1,066 | 717 | 2,320 |
| Total operating expenses | 524,520 | 513,435 | 1,560,519 | 2,228,795 |
| Operating income (loss) | 121,780 | 53,094 | 220,874 | (551,652) |
| Interest expense | (54,442) | (56,916) | (161,482) | (158,029) |
| Defined benefit pension plan income | 152 | 251 | 506 | 519 |
| Miscellaneous, net | 447 | 1,309 | 16,849 | 131 |
| Income (loss) from operations before income taxes | 67,937 | (2,262) | 76,747 | (709,031) |
| Provision (benefit) for income taxes | 20,161 | 1,391 | 25,916 | (17,009) |
| Net income (loss) | 47,776 | (3,653) | 50,831 | (692,022) |
| Preferred stock dividends | (14,743) | (12,576) | (43,552) | (37,729) |
| Net income (loss) attributable to the shareholders of The E.W. Scripps Company | $33,033 | $(16,229) | $7,279 | $(729,751) |
| Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company | $0.37 | $(0.19) | $0.08 | $(8.67) |
| Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company | $0.37 | $(0.19) | $0.08 | $(8.67) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.