LEE ENTERPRISES Inc
For the period ended Jun 23, 2024. Filed Aug 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.
Jun 23, 2024 · Filed Aug 2, 2024
LEE$6.99+3.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| (Thousands of Dollars, Except Per Common Share Data) | June 23,2024 | June 25,2023 | June 23,2024 | June 25,2023 |
| Operating revenue: | ||||
| Advertising and marketing services | 68,844 | 79,120 | 203,865 | 246,406 |
| Subscription | 68,306 | 77,557 | 208,872 | 235,838 |
| Other | 13,428 | 14,633 | 40,069 | 44,885 |
| Total operating revenue | 150,578 | 171,310 | 452,806 | 527,129 |
| Operating expenses: | ||||
| Compensation | 59,278 | 63,582 | 175,757 | 207,859 |
| Newsprint and ink | 4,096 | 6,346 | 13,101 | 20,244 |
| Other operating expenses | 74,177 | 80,010 | 221,247 | 249,353 |
| Depreciation and amortization | 6,850 | 7,478 | 21,438 | 23,097 |
| Assets (gain) loss on sales, impairments and other, net | (1,421) | (900) | 4,727 | (4,255) |
| Restructuring costs and other | 3,795 | 3,780 | 12,199 | 8,120 |
| Total operating expenses | 146,775 | 160,296 | 448,469 | 504,418 |
| Equity in earnings of associated companies | 1,122 | 1,194 | 3,869 | 3,534 |
| Operating income | 4,925 | 12,208 | 8,206 | 26,245 |
| Non-operating (expense) income: | ||||
| Interest expense | (10,082) | (10,235) | (30,427) | (31,144) |
| Pension and OPEB related benefit and other, net | 617 | 555 | 1,096 | 2,255 |
| Curtailment/Settlement gains | — | — | 3,593 | — |
| Total non-operating expense, net | (9,465) | (9,680) | (25,738) | (28,889) |
| (Loss) income before income taxes | (4,540) | 2,528 | (17,532) | (2,644) |
| Income tax (benefit) expense | (849) | 394 | (3,438) | (1,237) |
| Net (loss) income | (3,691) | 2,134 | (14,094) | (1,407) |
| Net income attributable to non-controlling interests | (575) | (631) | (1,663) | (1,876) |
| (Loss) income attributable to Lee Enterprises, Incorporated | (4,266) | 1,503 | (15,757) | (3,283) |
| Other comprehensive loss, net of income taxes | (147) | (140) | (2,609) | (420) |
| Comprehensive (loss) income attributable to Lee Enterprises, Incorporated | (4,413) | 1,363 | (18,366) | (3,703) |
| (Loss) earnings per common share: | ||||
| Basic: | (0.73) | 0.26 | (2.68) | (0.56) |
| Diluted: | (0.73) | 0.25 | (2.68) | (0.56) |
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