Townsquare Media Inc

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

TSQ$1.56-10.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31,

(in Thousands, Except Share and Per Share Data)

	At December 31,
	2023	2022
ASSETS
Current assets:
Cash and cash equivalents	$61,046	$43,417
Accounts receivable, net of allowance for credit losses of $4,041 and $5,946, respectively	60,780	61,234
Prepaid expenses and other current assets	10,356	16,037
Total current assets	132,182	120,688
Property and equipment, net	110,194	113,846
Intangible assets, net	200,306	276,838
Goodwill	157,270	161,385
Investments	3,542	19,106
Operating lease right-of-use assets	46,887	50,962
Other assets	1,165	1,197
Restricted cash	503	496
Total assets	$652,049	$744,518
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$5,036	$4,127
Deferred revenue	9,059	10,669
Accrued compensation and benefits	13,085	14,831
Accrued expenses and other current liabilities	25,112	17,876
Operating lease liabilities, current	9,376	9,008
Accrued interest	14,420	15,203
Total current liabilities	76,088	71,714
Long-term debt, net of deferred finance costs of $3,960 and $6,324, respectively	499,658	524,442
Deferred tax liability	11,856	18,748
Operating lease liability, net of current portion	41,437	45,107
Other long-term liabilities	13,099	15,428
Total liabilities	642,138	675,439
Stockholders’ equity:
Class A common stock, par value $0.01 per share; 300,000,000 shares authorized; 14,023,767 and 12,964,312 shares issued and outstanding, respectively	140	130
Class B common stock, par value $0.01 per share; 50,000,000 shares authorized; 815,296 and 815,296 shares issued and outstanding, respectively	8	8
Class C common stock, par value $0.01 per share; 50,000,000 shares authorized; 1,961,341 and 3,461,341 shares issued and outstanding, respectively	20	35
Total common stock	168	173
Treasury stock, at cost; 183,768 and 0 shares of Class A common stock, respectively	(2,177)	—
Additional paid-in capital	310,612	309,645
Accumulated deficit	(302,193)	(244,298)
Non-controlling interest	3,501	3,559
Total stockholders’ equity	9,911	69,079
Total liabilities and stockholders’ equity	$652,049	$744,518

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.