10-Q Filing

Mediaco Holding Inc. CIK: 1784254 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-046440`
Period End Date	20190930
Filing Date	20191220
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	ck0001784254-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 36 Cash Flow Statement 43 Stockholders Equity 30

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.68M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$220.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$216.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.79M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.90M	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$2.42M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$64.03M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$63.85M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.12M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$6.75M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$11.66M	USD	Point-in-time
Deposits and other	`DepositsAndOtherAssetsNonCurrent`	$143.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherAssetsNonCurrent`	$343.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.90M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$17.13M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Total assets	`Assets`	$94.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$809.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$583.00K	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$370.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$936.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.30M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$850.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$1.22M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.31M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$91.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$543.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.69M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$11.27M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$1.78M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$76.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.04M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Net parent company investment	`NetParentCompanyInvestment`	$77.48M	USD	Point-in-time
Net parent company investment	`NetParentCompanyInvestment`	$76.19M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$77.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.19M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$94.23M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.30M	USD	Point-in-time
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$30.45M	USD	2 Qtrs
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.41M	USD	Point-in-time
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$27.92M	USD	2 Qtrs
Station operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$22.30M	USD	2 Qtrs
Station operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$3.91M	USD	Point-in-time
Station operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$23.45M	USD	2 Qtrs
Station operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$3.66M	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$698.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$115.00K	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$699.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.00K	USD	Point-in-time
Total operating expenses	`OperatingExpenses`	$23.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.00M	USD	Point-in-time
Total operating expenses	`OperatingExpenses`	$3.78M	USD	Point-in-time
Total operating expenses	`OperatingExpenses`	$24.15M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$297.00K	USD	Point-in-time
OPERATING INCOME	`OperatingIncomeLoss`	$626.00K	USD	Point-in-time
OPERATING INCOME	`OperatingIncomeLoss`	$6.30M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$4.92M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.30M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$297.00K	USD	Point-in-time
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$626.00K	USD	Point-in-time
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.92M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$192.00K	USD	Point-in-time
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.00M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.60M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$97.00K	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$434.00K	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$1.48M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$200.00K	USD	Point-in-time
NET INCOME	`NetIncomeLoss`	$1.25M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$2.62M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.31M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$1.62M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$4.30M	USD	2 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.30M	USD	2 Qtrs
Net income	`ProfitLoss`	$3.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$698.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$115.00K	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$699.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$94.00K	USD	Point-in-time
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$162.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$208.00K	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.60M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.63M	USD	2 Qtrs
Noncash compensation	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$176.00K	USD	2 Qtrs
Noncash compensation	`EmployeeBenefitsAndShareBasedCompensationNoncash`	$181.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-56.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.31M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.09M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-571.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-925.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-309.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$955.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$195.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-363.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$371.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.30M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-947.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.83M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.01M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00K	USD	2 Qtrs
Net transactions with Emmis Communications Corp.	`TransactionsWithFormerParentNet`	$2.01M	USD	2 Qtrs
Net transactions with Emmis Communications Corp.	`TransactionsWithFormerParentNet`	$5.77M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.77M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.01M	USD	2 Qtrs
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$80.93M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$77.48M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$76.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$80.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$81.77M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$79.96M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$76.62M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$76.71M	USD	Point-in-time
Net income	`NetIncomeLoss`	$434.00K	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$200.00K	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.31M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.30M	USD	2 Qtrs
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$405.00K	USD	Point-in-time
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-2.72M	USD	1 Quarter
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-624.00K	USD	Point-in-time
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-284.00K	USD	1 Quarter
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-2.25M	USD	1 Quarter
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-1.96M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$80.93M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$77.48M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$76.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$80.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$81.77M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$79.96M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$76.62M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$76.71M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.