LEE ENTERPRISES Inc
For the period ended Sep 29, 2024. Filed Dec 13, 2024.
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FY2024 · Filed Dec 13, 2024
LEE$6.99+3.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of (Loss) Income and Comprehensive L
CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME
| (Thousands of Dollars, Except Per Common Share Data) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating revenue: | |||
| Advertising and marketing services | 275,701 | 318,977 | 366,428 |
| Subscription | 281,915 | 313,291 | 353,624 |
| Other | 53,764 | 58,870 | 60,917 |
| Total operating revenue | 611,380 | 691,138 | 780,969 |
| Operating expenses: | |||
| Compensation | 234,581 | 266,907 | 317,789 |
| Newsprint and ink | 16,813 | 25,346 | 30,101 |
| Other operating expenses | 301,950 | 323,067 | 344,905 |
| Depreciation and amortization | 27,616 | 30,621 | 36,544 |
| Assets loss on sales, impairments and other, net | 11,193 | 1,882 | 9,716 |
| Restructuring costs and other | 19,253 | 12,673 | 22,720 |
| Total operating expenses | 611,406 | 660,496 | 761,775 |
| Equity in earnings of associated companies | 4,572 | 6,527 | 5,657 |
| Operating income | 4,546 | 37,169 | 24,851 |
| Non-operating (expense) income: | |||
| Interest expense | (41,232) | (41,471) | (41,770) |
| Pension withdrawal cost | — | (1,200) | (2,335) |
| Pension and OPEB related benefit and other, net | 1,910 | 2,420 | 19,022 |
| Curtailment/Settlement gains | 3,593 | — | 1,027 |
| Total non-operating expense, net | (35,729) | (40,251) | (24,056) |
| (Loss) income before income taxes | (31,183) | (3,082) | 795 |
| Income tax (benefit) expense | (7,610) | (349) | 698 |
| Net (loss) income | (23,573) | (2,733) | 97 |
| Net income attributable to non-controlling interests | (2,272) | (2,534) | (2,114) |
| Loss attributable to Lee Enterprises, Incorporated | (25,845) | (5,267) | (2,017) |
| Other comprehensive (loss) income, net of income taxes | (6,923) | 10,190 | (25,534) |
| Comprehensive (loss) income attributable to Lee Enterprises, Incorporated | (32,768) | 4,923 | (27,551) |
| Loss per common share: | |||
| Basic: | (4.35) | (0.90) | (0.35) |
| Diluted: | (4.35) | (0.90) | (0.35) |
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