ENTRAVISION COMMUNICATIONS CORP
For the period ended Mar 31, 2024. Filed May 2, 2024.
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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.
Mar 31, 2024 · Filed May 2, 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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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)
CONDENSED CONSOLIDATED STATEMENTSOF STOCKHOLDERS’ EQUITY
| Number of Common Shares · Common Stock · Accumulated | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AdditionalPaid-in · Accumulated · OtherComprehensive · Noncontrolling | ||||||||||
| Class A · Class U · Class A · Class U · Capital · Deficit · Income (Loss) · Interest · Total | ||||||||||
| Balance, December 31, 2023 | 80,150,506 | 9,352,729 | $8 | $1 | $743,246 | $(519,812) | $(915) | $ | - | $222,528 |
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 224,369 | - | - | - | - | - | - | - | - | |
| Tax payments related to shares withheld for share-based compensation plans | - | - | - | - | (490) | - | - | - | (490) | |
| Stock-based compensation expense | - | - | - | - | 5,447 | - | - | - | 5,447 | |
| Dividends paid | - | - | - | - | (4,476) | - | - | - | (4,476) | |
| Dividends equivalents payable | - | - | - | - | (388) | - | - | - | (388) | |
| Change in fair value of marketable securities | - | - | - | - | - | - | 15 | - | 15 | |
| OCI release due to realized gain (loss) on marketable securities | - | - | - | - | - | - | 84 | - | 84 | |
| Foreign currency translation gain (loss) | - | - | - | - | - | - | (295) | - | (295) | |
| Net income (loss) attributable to common stockholders | - | - | - | - | - | (48,890) | - | - | (48,890) | |
| Balance, March 31, 2024 | 80,374,875 | 9,352,729 | 8 | 1 | 743,339 | (568,702) | (1,111) | - | 173,535 | |
| Number of Common Shares · Common Stock · Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| AdditionalPaid-in · Accumulated · OtherComprehensive · Noncontrolling | |||||||||
| Class A | Class U | Class A | Class U | Capital | Deficit | Income (Loss) | Interest | Total | |
| Balance, December 31, 2022 | 78,172,827 | 9,352,729 | $8 | $1 | $776,298 | $(504,375) | $(1,510) | $14,947 | $285,369 |
| Issuance of common stock upon exercise of stock options or awards of restricted stock units | 164,474 | - | - | - | 313 | - | - | - | 313 |
| Tax payments related to shares withheld for share-based compensation plans | 19,189 | - | - | - | (80) | - | - | - | (80) |
| Stock-based compensation expense | - | - | - | - | 4,053 | - | - | - | 4,053 |
| Dividends paid | - | - | - | - | (4,386) | - | - | - | (4,386) |
| Distributions to noncontrolling interest | - | - | - | - | - | - | - | (546) | (546) |
| Change in fair value of marketable securities | - | - | - | - | - | - | 103 | - | 103 |
| OCI release due to realized gain (loss) on marketable securities | - | - | - | - | - | - | 23 | - | 23 |
| Foreign currency translation gain (loss) | - | - | - | - | - | - | 16 | - | 16 |
| Net income (loss) attributable to common stockholders | - | - | - | - | - | 2,041 | - | (342) | 1,699 |
| Balance, March 31, 2023 | 78,356,490 | 9,352,729 | $8 | $1 | $776,198 | $(502,334) | $(1,368) | $14,059 | $286,564 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| Three-Month Period | |||
|---|---|---|---|
| Ended March 31, | |||
| 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $(51,669) | $1,699 | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 7,133 | 6,471 | |
| Impairment charge | 49,438 | - | |
| Deferred income taxes | (4,224) | (205) | |
| Non-cash interest | 92 | 133 | |
| Amortization of syndication contracts | 113 | 120 | |
| Payments on syndication contracts | (115) | (120) | |
| Non-cash stock-based compensation | 5,447 | 4,053 | |
| (Gain) loss on marketable securities | 113 | 32 | |
| (Gain) loss on disposal of property and equipment | 97 | 68 | |
| (Gain) loss on debt extinguishment | 40 | 1,556 | |
| Change in fair value of contingent consideration | (1,420) | (4,065) | |
| Changes in assets and liabilities: | |||
| (Increase) decrease in accounts receivable | 29,473 | 33,157 | |
| (Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets | (7,150) | 948 | |
| Increase (decrease) in accounts payable, accrued expenses and other liabilities | 6,007 | (7,152) | |
| Net cash provided by operating activities | 33,375 | 36,695 | |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (2,743) | (6,750) | |
| Purchases of marketable securities | - | (9,397) | |
| Proceeds from sale of marketable securities | 8,842 | 15,704 | |
| Purchases of investments | - | (120) | |
| Net cash provided by (used in) investing activities | 6,099 | (563) | |
| Cash flows from financing activities: | |||
| Proceeds from stock option exercises | - | 313 | |
| Tax payments related to shares withheld for share-based compensation plans | (27) | (80) | |
| Payments on debt | (10,275) | (211,748) | |
| Dividends paid | (4,476) | (4,932) | |
| Distributions to noncontrolling interest | (1,078) | - | |
| Payment of contingent consideration | (900) | - | |
| Principal payments under finance lease obligation | (41) | (38) | |
| Proceeds from borrowings on debt | - | 212,405 | |
| Payments for debt issuance costs | - | (1,285) | |
| Net cash provided by (used in) financing activities | (16,797) | (5,365) | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (2) | 1 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 22,675 | 30,768 | |
| Cash, cash equivalents and restricted cash: | |||
| Beginning | 106,509 | 111,444 | |
| Ending | $129,184 | $142,212 | |
| Supplemental disclosures of cash flow information: | |||
| Cash payments for: | |||
| Interest | $4,467 | $3,895 | |
| Income taxes | $1,291 | $72 | |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Capital expenditures financed through accounts payable, accrued expenses and other liabilities | $1,416 | $3,910 | |
| Dividends equivalents payable | $1,049 | $ | - |
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