10-KT Filing

Mediaco Holding Inc. CIK: 1784254 FY 2019

Filing Information

Form Type	10-KT
Accession Number	`0001564590-20-013603`
Period End Date	20191231
Filing Date	20200327
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	ck0001784254-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 37 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$170.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$198.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$157.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $198 and $157, respectively	`AccountsReceivableNetCurrent`	$7.89M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $198 and $157, respectively	`AccountsReceivableNetCurrent`	$11.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.68M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$220.00K	USD	Point-in-time
Other	`OtherAssetsCurrent`	$1.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.09M	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.66M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.48M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.47M	USD	Point-in-time
Broadcasting equipment	`BroadcastingEquipment`	$5.96M	USD	Point-in-time
Broadcasting equipment	`BroadcastingEquipment`	$6.13M	USD	Point-in-time
Outdoor advertising structures	`OutdoorAdvertisingStructures`	$27.43M	USD	Point-in-time
Office equipment, computer equipment, software and automobiles	`OfficeEquipmentComputerEquipmentSoftwareAndAutomobiles`	$1.68M	USD	Point-in-time
Office equipment, computer equipment, software and automobiles	`OfficeEquipmentComputerEquipmentSoftwareAndAutomobiles`	$1.67M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$629.00K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$16.28M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$45.84M	USD	Point-in-time
Less-accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.86M	USD	Point-in-time
Less-accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.27M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.42M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.56M	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$64.00M	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$63.27M	USD	Point-in-time
Goodwill	`Goodwill`	$11.42M	USD	Point-in-time
Other intangibles	`FiniteLivedIntangibleAssetsGross`	$5.18M	USD	Point-in-time
Other intangibles	`FiniteLivedIntangibleAssetsGross`	$2.15M	USD	Point-in-time
Total intangible assets	`IntangibleAssetsGrossIncludingGoodwill`	$80.60M	USD	Point-in-time
Total intangible assets	`IntangibleAssetsGrossIncludingGoodwill`	$65.42M	USD	Point-in-time
Less-accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.39M	USD	Point-in-time
Less-accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.66M	USD	Point-in-time
Total intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$78.95M	USD	Point-in-time
Total intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$64.03M	USD	Point-in-time
OPERATING LEASE RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$26.34M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$6.75M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNet`	$13.86M	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$359.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$143.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$14.22M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.90M	USD	Point-in-time
Total assets	`Assets`	$167.17M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.18M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$809.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.67M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$728.00K	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$370.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.69M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.30M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$850.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.16M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$543.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$346.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.87M	USD	Point-in-time
LONG-TERM DEBT, NET OF CURRENT PORTION	`LongTermDebtNoncurrent`	$77.67M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$22.98M	USD	Point-in-time
ASSET RETIREMENT OBLIGATION	`AssetRetirementObligation`	$5.62M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$239.00K	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$1.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$127.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.65M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
SERIES A CUMULATIVE CONVERTIBLE PARTICIPATING PREFERRED STOCK, $0.01 PAR VALUE, 10,000,000 SHARES AUTHORIZED; 220,000 SHARES ISSUED AND OUTSTANDING	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$22.11M	USD	Point-in-time
Net parent company investment	`NetParentCompanyInvestment`	$77.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-2.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$80.29M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$77.48M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$167.17M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.06M	USD	3 Qtrs
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$40.80M	USD	3 Qtrs
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.09M	USD	Annual
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$33.83M	USD	Annual
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$31.13M	USD	3 Qtrs
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$29.45M	USD	3 Qtrs
Corporate expenses	`CorporateExpenses`	$4.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.32M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-56.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$35.20M	USD	Annual
Total operating expenses	`OperatingExpenses`	$36.51M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$30.49M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$4.29M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$7.89M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$7.57M	USD	3 Qtrs
Interest expense	`InterestExpense`	$821.00K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-821.00K	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.57M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.89M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.47M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.52M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.41M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.52M	USD	Annual
CONSOLIDATED NET INCOME	`NetIncomeLoss`	$1.95M	USD	3 Qtrs
CONSOLIDATED NET INCOME	`NetIncomeLoss`	$5.15M	USD	3 Qtrs
CONSOLIDATED NET INCOME	`NetIncomeLoss`	$5.37M	USD	Annual
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$110.00K	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.37M	USD	Annual
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.84M	USD	3 Qtrs
Basic and diluted net income per share attributable to common shareholders:	`EarningsPerShareBasicAndDiluted`	$0.80	USD	3 Qtrs
Basic and diluted net income per share attributable to common shareholders:	`EarningsPerShareBasicAndDiluted`	$3.22	USD	Annual
Basic and diluted net income per share attributable to common shareholders:	`EarningsPerShareBasicAndDiluted`	$3.09	USD	3 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.67M	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2,298.00	shares	3 Qtrs
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1,667.00	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$1.95M	USD	3 Qtrs
Consolidated net income	`ProfitLoss`	$5.37M	USD	Annual
Noncash accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$33.00K	USD	3 Qtrs
Amortization of deferred financing costs, including original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$50.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.32M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.04M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$140.00K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$329.00K	USD	Annual
Change in deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.52M	USD	Annual
Change in deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.21M	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$281.00K	USD	Annual
Noncash compensation	`ShareBasedCompensation`	$219.00K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$-56.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.68M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$299.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$797.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$729.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.51M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-100.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.62M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-560.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$576.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-371.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$311.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.67M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-306.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.65M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.61M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$190.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.00K	USD	3 Qtrs
Purchase of Fairway Outdoor	`PaymentsToAcquireBusinessesGross`	$43.11M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-190.00K	USD	Annual
Net transactions with Emmis Communications Corp.	`TransactionsWithFormerParentNet`	$6.28M	USD	3 Qtrs
Net transactions with Emmis Communications Corp.	`TransactionsWithFormerParentNet`	$8.46M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$918.00K	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$29.35M	USD	3 Qtrs
Proceeds of stock issuances	`ProceedsFromIssuanceOfCommonStock`	$22.00M	USD	3 Qtrs
Payments for debt related costs	`PaymentsOfFinancingCosts`	$2.49M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.67M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.46M	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.08M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Interest	`InterestPaidNet`	$606.00K	USD	3 Qtrs
Consideration received by Emmis Communications Corporation as a result of the Transaction described in Note 1 to the accompany consolidated and combined financial statements	`ConsiderationReceivedByParentCompany`	$105.34M	USD	3 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$80.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$77.48M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$1.95M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.15M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.37M	USD	Annual
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-8.18M	USD	Annual
Net distributions to Emmis Communications Corp.	`NetDistributionsToParentCompany`	$-8.35M	USD	3 Qtrs
Allocated charges funded by Emmis Communications Corp.	`AllocatedChargesFundedByParentCompany`	$2.19M	USD	3 Qtrs
Transaction adjustments from transactions amongst shareholders, value	`TransactionAdjustmentsFromTransactionsAmongstShareholdersValue`	$-55.40M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStockStock`	$110.00K	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$80.29M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$77.48M	USD	Point-in-time

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