E.W. SCRIPPS Co

Listed Company

SSPCIK 0000832428NasdaqAcceleratedTelevision Broadcasting StationsOhioFY ends Dec 31

Period

FY 2025

Revenue

$2.15B

Net Income

$-100.88M

Total Assets

$5.01B

Equity

$1.25B

Shares Out

—

Op. Cash Flow

$53.10M

Business

E.W. Scripps Co operates as a media company that creates and distributes television and digital news and entertainment content. It offers local television programming, national networks (including Scripps News, Court TV, ION, Bounce, Grit, ION Mystery, ION Plus and Laff), the Tablo over‑the‑air DVR device, and stewardship of the Scripps National Spelling Bee. Its operations are organized principally into Local Media and Scripps Networks segments. The company distributes content over free over‑the‑air broadcast, cable/satellite, connected TV, FAST channels, streaming apps and digital platforms across U.S. markets.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total operating revenues	2,151	2,510	2,293	2,453	2,284
Cost of revenues, excluding depreciation and amortization	1,275	1,321	1,283	1,234	1,106
Selling, general and administrative expenses, excluding depreciation and amortization	563	606	615	623	595
Restructuring costs	10	34	39	0	9
Depreciation	59	62	61	62	58
Amortization of intangible assets	92	93	94	98	104
Impairment of goodwill	0	0	952	0	0
Losses (gains), net on disposal of property and equipment	−32	−18	2	6	−30
Total operating expenses	1,967	2,097	3,046	2,025	1,883
Operating income (loss)	184	412	−753	428	401
Interest expense	−221	−210	−214	−161	—
Loss on extinguishment of debt	−13	0	0	9	−15
Other financing transaction costs	−45	0	0	—	—
Defined benefit pension plan income (expense)	−1	674,000	650,000	3	−343,000
Miscellaneous, net	−24	7	−1	−2	−15
Income (loss) from operations before income taxes	−120	210	−968	276	187
Provision (benefit) for income taxes	−19	64	−20	81	71
Net income (loss)	−101	146	−948	—	—
Preferred stock dividends	−64	−59	−50	−50	−49
Net income (loss) attributable to the shareholders of The E.W. Scripps Company	−164	88	−998	146	—
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	−1.87	1.01	−11.84	1.71	0.87
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share)	−1.87	1.01	−11.84	1.62	0.81
Basic (in shares)	88	86	84	83	82
Diluted (in shares)	88	86	84	87	88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	28	24	35	18	66
Accounts receivable (less allowances $5,909 and $7,449)	569	568	611	600	573
Miscellaneous	47	38	30	26	29
Assets held for sale	4	—	—	—	—
Disposal Group, Including Discontinued Operation, Assets	103	0	—	—	—
Total current assets	747	630	676	644	702
Investments	14	9	23	23	22
Property and equipment	408	454	455	459	457
Operating lease right-of-use assets	96	90	99	118	125
Goodwill	1,918	1,969	1,969	2,921	2,913
Other intangible assets	1,518	1,635	1,727	1,821	1,910
Programming	280	402	450	428	510
Miscellaneous	26	9	11	18	19
Total Assets	5,009	5,199	5,410	6,431	6,658
Accounts payable	63	101	76	83	84
Unearned revenue	22	18	12	18	—
Current portion of long-term debt	9	16	16	19	19
Employee compensation and benefits	56	81	61	45	69
Accrued taxes	35	33	36	—	—
Programming liability	142	141	172	167	180
Accrued interest	54	31	32	31	35
Miscellaneous	42	36	44	53	51
Other current liabilities	24	26	29	70	55
Liabilities of discontinued operations	4	—	—	—	—
Total liabilities held for sale	7	0	—	—	—
Total current liabilities	454	482	478	485	512
Long-term debt (less current portion)	2,586	2,561	2,897	2,854	3,129
Deferred income taxes	268	294	307	370	357
Operating lease liabilities	86	79	88	107	114
Other liabilities (less current portion)	369	465	484	484	576
Commitments and contingencies (Note 15)	—	—	—	—	—
Total preferred and common stock	420	418	—	—	—
Additional paid-in capital	1,467	1,452	1,439	1,445	1,428
Accumulated deficit	−577	−476	−622	351	205
Accumulated other comprehensive loss, net of income taxes	−64	−75	−76	−77	−74
Total equity	1,246	1,318	1,156	2,131	—
Total Liabilities and Equity	5,009	5,199	5,410	6,431	6,658

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	151	155	155	160	162
Losses (gains), net on disposal of property and equipment	−32	—	—	—	—
Programming assets and liabilities	14	−3	−21	−27	−59
Restructuring impairment charges	1	3	15	0	7
Losses (gains) on sale of investments	−263,000	−20	0	0	—
Impairment of investments	0	15	0	0	—
Loss provision on held for sale assets	19	0	0	—	—
Deferred income taxes	−21	−149,000	−64	13	10
Stock and deferred compensation plans	19	18	26	19	26
Pension contributions, net of income/expense	687,000	−2	−2	−29	−25
Other changes in certain working capital accounts, net	−38	59	−16	−36	−4
Miscellaneous, net	26	13	12	18	−4
Net cash provided by operating activities	53	366	112	311	237
Additions to property and equipment	−47	−65	−60	−46	−61
Purchase of investments	−7	−2	−1	−7	−12
Proceeds from sale of investments	263,000	20	0	0	—
Proceeds from sale of property and equipment	41	20	21,000	373,000	—
Net cash used in investing activities	−12	−27	−61	−66	−2,456
Net borrowings (payments) under revolving credit facility	0	−330	330	0	0
Proceeds received from accounts receivable securitization facility	593	0	0	—	—
Payments on accounts receivable securitization facility	−232	0	0	—	—
Proceeds from issuance of long-term debt	1,635	0	0	0	800
Payments on long-term debt	−1,957	−16	−300	−278	−581
Payments of debt extinguishment costs	−8	0	0	0	−11
Payments of deferred financing costs	−63	0	0	0	−51
Dividends paid on preferred stock	0	0	−48	−48	—
Tax payments related to shares withheld for vested stock and RSUs	−2	−2	−5	−9	−7
Miscellaneous, net	−4	−3	−11	7	−56,000
Net cash used in financing activities	−37	−351	−34	−327	693
Increase (decrease) in cash, cash equivalents and restricted cash	4	−11	17	−82	−1,526
Interest paid	168	196	196	151	126
Income taxes paid	13	72	31	62	102
Accrued capital expenditures	2	5	5	2	4

Filings

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