ENTRAVISION COMMUNICATIONS CORP
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
EVC$9.11-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $105,739 | $110,691 |
| Marketable securities | 13,172 | 44,528 |
| Restricted cash | 770 | 753 |
| Trade receivables (including related parties of $10,051 and $5,814), net of allowance for doubtful accounts of $5,719 and $6,572 | 235,837 | 224,713 |
| Assets held for sale | 301 | — |
| Prepaid expenses and other current assets (including related parties of $274 and $274) | 30,036 | 27,238 |
| Total current assets | 385,855 | 407,923 |
| Property and equipment, net of accumulated depreciation of $197,645 and $194,448 | 71,475 | 61,362 |
| Intangible assets subject to amortization, net of accumulated amortization of $87,968 and $75,992 (including related parties of $2,785 and $3,714) | 51,784 | 61,811 |
| Intangible assets not subject to amortization | 195,174 | 207,453 |
| Goodwill | 90,672 | 86,991 |
| Deferred income taxes | 4,991 | 2,591 |
| Operating leases right of use asset | 43,941 | 44,413 |
| Other assets | 22,054 | 8,297 |
| Total assets | $865,946 | $880,841 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Current maturities of long-term debt | $9,969 | $5,256 |
| Accounts payable and accrued expenses (including related parties of $1,071 and $1,215) | 254,802 | 237,415 |
| Operating lease liabilities | 7,282 | 5,570 |
| Total current liabilities | 272,053 | 248,241 |
| Long-term debt, less current maturities, net of unamortized debt issuance costs of $1,116 and $1,221 | 199,552 | 207,292 |
| Long-term operating lease liabilities | 45,665 | 42,151 |
| Other long-term liabilities | 23,009 | 30,198 |
| Deferred income taxes | 59,381 | 67,590 |
| Total liabilities | 599,660 | 595,472 |
| Commitments and contingencies (note 12) | ||
| Redeemable noncontrolling interest | 43,758 | — |
| Stockholders' equity | ||
| Class A common stock, $0.0001 par value, 260,000,000 shares authorized; shares issued and outstanding at December 31, 2023 80,150,506 and December 31, 2022 78,172,827 | 8 | 8 |
| Class B common stock, $0.0001 par value, 40,000,000 shares authorized; shares issued and outstanding at December 31, 2023 and 2022 0 | — | — |
| Class U common stock, $0.0001 par value, 40,000,000 shares authorized; shares issued and outstanding at December 31, 2023 and 2022 9,352,729 | 1 | 1 |
| Additional paid-in capital | 743,246 | 776,298 |
| Accumulated deficit | (519,812) | (504,375) |
| Accumulated other comprehensive income (loss) | (915) | (1,510) |
| Total stockholders' equity | 222,528 | 270,422 |
| Noncontrolling interest | — | 14,947 |
| Total equity | 222,528 | 285,369 |
| Total liabilities, redeemable noncontrolling interest and equity | $865,946 | $880,841 |
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