In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Broadcast | | 191.4 | 178.1 | 193.3 | 198.5 | 196.2 | 202.0 | 197.2 |
Digital Media | | 42.2 | 39.6 | 39.2 | 42.6 | 43.1 | 46.8 | 44.8 |
Publishing | | 24.6 | 18.5 | 21.4 | 21.7 | 24.4 | | |
Other | | | | | | | 25.5 | 23.8 |
Total revenues | 267.0 | 258.2 | 236.2 | 253.9 | 262.8 | 263.7 | 274.3 | 265.8 |
Revenue growth [+] | 3.4% | 9.3% | -7.0% | -3.4% | -0.4% | -3.9% | 3.2% | -0.3% |
Broadcast | | 7.5% | -7.9% | -2.6% | 1.2% | -2.9% | 2.5% | |
Digital Media | | 6.5% | 1.1% | -8.1% | -1.2% | -7.9% | 4.5% | -2.0% |
Publishing | | 33.1% | -13.4% | -1.3% | -11.3% | | | |
Cost of goods sold [+] | 0.0 | 1.9 | 3.3 | 4.6 | 6.2 | 4.6 | 17.3 | 17.7 |
Amortization of intangibles | | | | | | | 5.1 | 5.3 |
Depreciation | | | | | | | 12.2 | 12.4 |
Gross profit | 267.0 | 256.4 | 233.0 | 249.3 | 256.6 | 259.1 | 257.0 | 248.0 |
Gross margin | 100.0% | 99.3% | 98.6% | 98.2% | 97.6% | 98.3% | 93.7% | 93.3% |
Selling, general and administrative [+] | 261.8 | 17.5 | 16.2 | 15.9 | 15.7 | 16.3 | 15.0 | 15.1 |
General and administrative | | 17.5 | 16.2 | 15.9 | 15.7 | 16.3 | 15.0 | 15.1 |
Equity in earnings | 4.1 | | | | | | | |
Other operating expenses | -17.5 | 216.2 | 205.4 | 213.9 | 215.7 | 216.0 | 208.8 | 201.0 |
EBITDA [+] | 26.7 | 35.5 | 25.4 | 35.4 | 43.4 | 43.8 | 50.5 | 49.7 |
EBITDA growth | -24.7% | 39.6% | -28.1% | -18.5% | -1.0% | -13.3% | 1.7% | 4.6% |
EBITDA margin | 10.0% | 13.7% | 10.8% | 13.9% | 16.5% | 16.6% | 18.4% | 18.7% |
Depreciation | 12.6 | 10.9 | 10.8 | 11.3 | 12.0 | 12.4 | 12.2 | 12.4 |
EBITA | 14.1 | 24.6 | 14.7 | 24.0 | 31.4 | 31.5 | 38.4 | 37.2 |
EBITA margin | 5.3% | 9.5% | 6.2% | 9.5% | 11.9% | 11.9% | 14.0% | 14.0% |
Amortization of intangibles | | 1.9 | 3.3 | 4.6 | 6.2 | 4.6 | 5.1 | 5.3 |
EBIT [+] | 14.1 | 22.7 | 11.4 | 19.4 | 25.2 | 26.9 | 33.3 | 31.9 |
EBIT growth | -37.7% | 99.4% | -41.5% | -22.8% | -6.4% | -19.2% | 4.2% | 11.4% |
EBIT margin | 5.3% | 8.8% | 4.8% | 7.7% | 9.6% | 10.2% | 12.1% | 12.0% |
Non-recurring items [+] | 4.9 | -23.6 | 19.1 | 27.6 | 8.2 | 3.9 | 5.2 | -1.1 |
Asset impairment | 0.1 | | 17.6 | 5.4 | 2.9 | 0.0 | 7.8 | 0.4 |
Loss (gain) on sale of assets | | -23.6 | 1.6 | 22.3 | 4.7 | 3.9 | -1.9 | 0.2 |
Legal settlement | 4.8 | | | | | | | |
Loss on contingent liability | | | 0.0 | 0.0 | 0.1 | 0.0 | -0.7 | -1.7 |
Interest expense, net [+] | -0.2 | 15.8 | 16.1 | 17.5 | 18.3 | 16.7 | 14.9 | 15.4 |
Interest expense | | 15.8 | 16.1 | 17.5 | 18.3 | 16.7 | 14.9 | 15.4 |
Interest income | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Other income (expense), net [+] | -13.0 | 10.3 | 0.0 | 1.8 | 0.6 | -2.5 | 0.3 | 0.2 |
Gain (loss) on debt retirement | 0.0 | -1.0 | 0.0 | 1.7 | 0.6 | -2.8 | -0.1 | 0.0 |
Unrealized gain/loss on derivatives | | | | | | 0.4 | 0.3 | -1.3 |
Other | | 0.1 | 0.0 | 0.2 | 0.0 | -0.1 | 0.0 | 0.2 |
Pre-tax income | -3.6 | 40.8 | -23.8 | -23.9 | -0.7 | 3.8 | 13.4 | 17.8 |
Income taxes | -0.4 | -0.8 | 30.3 | 4.0 | 2.5 | -20.9 | 4.6 | 6.7 |
Tax rate | 10.8% | | | | | | 34.0% | 37.5% |
Net income | -3.2 | 41.5 | -54.1 | -27.8 | -3.2 | 24.6 | 8.9 | 11.2 |
Net margin | -1.2% | 16.1% | -22.9% | -11.0% | -1.2% | 9.3% | 3.2% | 4.2% |
|
Basic EPS [+] | | $1.54 | ($2.03) | ($1.05) | ($0.12) | $0.95 | $0.35 | $0.44 |
Growth | | -176.2% | 92.9% | 761.5% | -112.9% | 173.5% | -21.2% | |
Diluted EPS [+] | | $1.52 | ($2.03) | ($1.05) | ($0.12) | $0.93 | $0.34 | $0.43 |
Growth | | -175.1% | 92.9% | 761.5% | -113.1% | 173.5% | -20.9% | |
|
Dividends per share [+] | | | | | | $0.26 | $0.26 | $0.26 |
Growth | | | | | -100.0% | 0.0% | 0.0% | |
|
Shares outstanding (basic) [+] | | 26.9 | 26.7 | 26.5 | 26.2 | 26.1 | 25.7 | 25.4 |
Growth | | 0.8% | 0.7% | 1.2% | 0.4% | 1.6% | 1.0% | |
Shares outstanding (diluted) [+] | | 27.3 | 26.7 | 26.5 | 26.2 | 26.4 | 26.0 | 25.9 |
Growth | | 2.3% | 0.7% | 1.2% | -1.0% | 1.5% | 0.6% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |