OTC · Financial Statements

Emmis Corporation (EMMS) Financial Statements

$1.55 OTC: EMMS Market Cap $18.84M

Emmis Corporation most recently reported annual revenue of $40.0M, net profit of $50.0M. Revenue declined at an average annual rate of 30.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Emmis Corporation: Revenue fell from $251.0M in 2011 to $40.0M in 2020, a change of -84.1% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 5.7% to -44.4%, a shift of -50.1 percentage points; the most recent year shows net profit of $50.0M.

Income Statement — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Revenue$251.0M$236.0M$196.0M$205.0M$238.0M$231.0M$215.0M$148.0M$40.0M$40.0M
Operating Expenses$237.0M$222.0M$180.0M$183.0M$272.0M$212.0M$183.0M$58.0M$20.0M$57.0M
Operating Profit$14.0M$14.0M$17.0M$22.0M$-34.0M$20.0M$32.0M$91.0M$20.0M$-18.0M
Operating Margin5.7%6.0%8.4%10.8%-14.3%8.5%14.9%61.1%50.9%-44.4%
Other Income$-17.0M$-15.0M$-25.0M$-8.0M$-25.0M$-18.0M$-19.0M$-18.0M$-8.0M$-16.0M
Interest$16.0M$20.0M$21.0M$7.0M$17.0M$19.0M$18.0M$15.0M$7.0M$4.0M
Depreciation$7.0M$19.0M$5.0M$5.0M$6.0M$6.0M$5.0M$4.0M$1.0M$1.0M
Profit Before Tax$-2.0M$-1.0M$-9.0M$15.0M$-59.0M$2.0M$13.0M$73.0M$13.0M$-34.0M
Tax$-274.9M$4.7B$79.4M$-233.4M$-62.6M$117.2M$-840,000$-16.1M$28.4M$26.6M
Net Profit$-16.0M$26.0M$44.0M$43.0M$-99.0M$2.0M$13.0M$82.0M$23.0M$50.0M
EPS$-2.68$2.32$4.32$3.76$-9.33$0.17$1.07$6.50$1.74$3.91
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '17Sep '17Dec '17Mar '18Jun '18Sep '18Dec '18Mar '19Jun '19Sep '19Dec '19Mar '20
Revenue$40.0M$43.0M$35.0M$30.0M$28.0M$9.0M$30.0M$24.0M$28.0M$9.0M$11.0M$10.0M
Operating Expenses$35.0M$-39.0M$31.0M$31.0M$-7.0M$12.0M$34.0M$23.0M$23.0M$14.0M$17.0M$16.0M
Operating Profit$5.0M$82.0M$4.0M$-1.0M$35.0M$-3.0M$-3.0M$0$5.0M$-5.0M$-6.0M$-5.0M
Operating Margin13.0%191.9%11.1%-1.9%125.8%-31.7%-10.5%1.4%16.9%-61.7%-56.0%-50.2%
Interest$5.0M$5.0M$3.0M$3.0M$3.0M$1.0M$1.0M$2.0M$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$1.0M$75.0M$1.0M$-3.0M$32.0M$1.0M$1.0M$-2.0M$3.0M$-6.0M$-7.0M$-18.0M
Tax$-4.0M$5.8M$46.2M$472.7M$23.9M$44.5M$-6.8M$92.3M$21.8M$5.2M$13.1M$41.1M
Net Profit$0$70.0M$0$13.0M$23.0M$0$1.0M$0$2.0M$7.0M$53.0M$-11.0M
EPS$-0.02$5.59$-0.02$0.97$1.75$-0.03$0.06$-0.01$0.13$0.55$-0.49$-0.83

Over the 10 years reported for Emmis Corporation, borrowings decreased from $331.0M in 2011 to $65.0M in 2020, cash stood at $93.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 5.60 times.

Balance Sheet — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Total Assets$472.0M$341.0M$262.0M$265.0M$331.0M$317.0M$289.0M$271.0M$238.0M$222.0M
Current Assets$63.0M$55.0M$51.0M$54.0M$56.0M$52.0M$46.0M$60.0M$30.0M$112.0M
Cash$6.0M$6.0M$9.0M$5.0M$4.0M$4.0M$11.0M$4.0M$4.0M$93.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$39.0M$29.0M$28.0M$31.0M$37.0M$35.0M$26.0M$21.0M$12.0M$5.0M
Fixed Assets$46.0M$41.0M$33.0M$32.0M$35.0M$34.0M$31.0M$27.0M$16.0M$24.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$3.0M$2.0M$8.0M$7.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0
Other Assets$24.0M$24.0M$13.0M$13.0M$15.0M$15.0M$5.0M$4.0M$0$0
Total Liabilities$614.0M$347.0M$225.0M$182.0M$343.0M$331.0M$293.0M$193.0M$137.0M$102.0M
Current Liabilities$51.0M$54.0M$45.0M$49.0M$43.0M$51.0M$55.0M$33.0M$57.0M$20.0M
Borrowings$331.0M$238.0M$144.0M$127.0M$258.0M$246.0M$214.0M$139.0M$81.0M$65.0M
Other Liabilities$283.0M$110.0M$81.0M$55.0M$86.0M$85.0M$79.0M$54.0M$56.0M$37.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$-190.0M$-101.0M$-10.0M$36.0M$-59.0M$-53.0M$-37.0M$48.0M$72.0M$120.0M

For Emmis Corporation, operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was negative at $13.0M; free cash flow was positive in 6 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2011201220132014201520162017201820192020
Operating Cash Flow$20.0M$4.0M$2.0M$25.0M$18.0M$25.0M$19.0M$0$8.0M$-13.0M
Investing Cash Flow$-8.0M$126.0M$111.0M$-8.0M$-144.0M$-7.0M$26.0M$77.0M$59.0M$129.0M
Financing Cash Flow$-1.0M$-36.0M$-5.0M$-6.0M$-14.0M$-8.0M$-6.0M$-7.0M$-6.0M$-2.0M
Net Cash Flow$-1.0M$0$3.0M$-3.0M$-2.0M$1.0M$9.0M$-8.0M$1.0M$96.0M
Free Cash Flow$15.0M$-2.0M$-2.0M$22.0M$15.0M$22.0M$16.0M$-2.0M$8.0M$-13.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA0.30
FCF Yield-68.84%
Quick Ratio5.46
Interest Coverage-4.61
Return 1Y-38.00%
Return 3Y-49.35%
Return 5Y—

Emmis Corporation (EMMS) financials — frequently asked questions

What is Emmis Corporation's annual revenue?

Emmis Corporation (EMMS) reported annual revenue of $40.0M in its most recent fiscal year.

What is Emmis Corporation's net profit?

Emmis Corporation (EMMS) reported net profit of $50.0M in its most recent fiscal year.

What is EMMS EV/EBITDA?

Emmis Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 0.30.

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