We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Entravision Communications Corp | NYSE:EVC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.02 | 0.92% | 2.20 | 2.205 | 2.152 | 2.19 | 113,767 | 16:34:17 |
Provides Update on Digital Commercial Partnership with Meta Platforms
Declares Quarterly Cash Dividend of $0.05 Per Share Payable on March 29, 2024
Company to Cancel Today’s Conference Call
Entravision Communications Corporation (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced financial results for the three- and twelve-month periods ended December 31, 2023, and provided an update on its digital commercial partnership with Meta Platforms. Entravision is canceling the conference call scheduled for 5 p.m. Eastern Time today.
Digital Commercial Partnerships Business Update
Through Entravision Global Partners, our digital commercial partnerships business, the Company acts as an intermediary between primarily global media companies and advertisers. These global media companies include Meta, for whom the Company acts as an Authorized Sales Partner (ASP), ByteDance, X Corp., Spotify, Snap and Pinterest, as well as other media companies, in 31 countries throughout the world.
On March 4, 2024, the Company received a communication from Meta that it intends to wind down its ASP program globally and end its relationship with all of its ASPs, including Entravision, by July 1, 2024. For full year 2023, the Company estimates Meta’s ASP program represented approximately $23.8 million of the Company’s $57.7 million total consolidated EBITDA and $586.4 million of the Company’s $1,106.9 million of total consolidated revenue. Entravision has initiated a review of its operating strategy and cost structure and will provide an update on associated plans as soon as practicable.
As of December 31, 2023, Entravision reported $118.9 million of cash and marketable securities. The Company is in compliance with all debt covenants under its current credit facility and, except for quarterly principal scheduled payments, has no maturities under that facility until March 17, 2028.
"While we are disappointed in Meta’s decision, we are confident in Entravision’s long-term opportunities given the strength of our advertising and marketing platforms and the need for our solutions globally. We are conducting an extensive review of our strategy and cost structure to reinforce our operating foundation and ensure we are best positioned to capitalize on Entravision’s global, market leading advertising, media and technology solutions. Our balance sheet is solid with a strong cash position to support the business as we navigate these changes,” said Michael Christenson, Chief Executive Officer.
Unaudited Financial Highlights (In thousands, except share and per share data)
Three Months Ended
Twelve Months Ended
December 31,
December 31,
2023
2022
% Change
2023
2022
% Change
Net revenue
$
320,063
$
296,328
8
%
$
1,106,867
$
956,209
16
%
Cost of revenue - digital (1)
237,520
191,965
24
%
800,401
623,916
28
%
Operating expenses (2)
57,380
57,249
0
%
220,449
197,776
11
%
Corporate expenses (3)
14,458
22,635
(36
)%
50,294
49,404
2
%
Foreign currency (gain) loss
611
860
(29
)%
900
2,972
(70
)%
Consolidated EBITDA (4)
16,246
36,524
(56
)%
57,666
103,090
(44
)%
Free cash flow (5)
$
(2,076
)
$
19,299
*
$
7,394
$
63,325
(88
)%
Net income (loss)
$
(18,051
)
$
725
*
$
(15,621
)
$
20,169
*
Net (income) loss attributable to redeemable noncontrolling interest
$
(157
)
$
-
*
$
(158
)
$
-
*
Net (income) loss attributable to noncontrolling interest
$
-
$
(2,353
)
(100
)%
$
342
$
(2,050
)
*
Net income (loss) attributable to common stockholders
$
(18,208
)
$
(1,628
)
1018
%
$
(15,437
)
$
18,119
*
Net income (loss) per share attributable to common stockholders, basic and diluted
$
(0.21
)
$
(0.02
)
950
%
$
(0.18
)
$
0.21
*
Weighted average common shares outstanding, basic
88,193,240
85,158,189
87,901,938
85,391,163
Weighted average common shares outstanding, diluted
88,193,240
85,158,189
87,901,938
87,769,762
(1)
Consists primarily of the costs of online media acquired from third-party publishers. Media cost is classified as cost of revenue in the period in which the corresponding revenue is recognized.
(2)
Operating expenses include direct operating and selling, general and administrative expenses. Included in operating expenses are $2.3 million and $2.8 million of non-cash stock-based compensation for the three-month periods ended December 31, 2023 and 2022, respectively, and $9.5 million and $5.7 million of non-cash stock-based compensation for the twelve-month periods ended December 31, 2023 and 2022, respectively.
(3)
Corporate expenses include $4.4 million and $9.2 million of non-cash stock-based compensation for the three-month periods ended December 31, 2023 and 2022, respectively, and $14.2 million and $14.3 million of non-cash stock-based compensation for the twelve-month periods ended December 31, 2023 and 2022, respectively.
(4)
Consolidated EBITDA means net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other operating gain (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from the Federal Communications Commission, or FCC, spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings. We use the term consolidated EBITDA because that measure is defined in our 2017 Credit Agreement and 2023 Credit Agreement, and does not include gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation, net interest expense, other income (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from FCC spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings.
(5)
Free cash flow is defined as consolidated EBITDA less cash paid for income taxes, net interest expense, capital expenditures (less amounts reimbursed by landlord) and non-recurring cash expenses plus dividend income, and other operating gain (loss). Net interest expense is defined as interest expense, less non-cash interest expense relating to amortization of debt finance costs, and less interest income.
Net revenue for the fourth quarter and full year of 2023 increased primarily due to an increase in advertising revenue from our digital commercial partners business, and from various acquisitions, which did not fully contribute to our financial results in the comparable prior period. The increase was partially offset by a decrease in political advertising revenue in our television and audio segments.
Cost of revenue for the fourth quarter and full year of 2023 increased primarily due to the increase in digital advertising revenue.
Operating expenses for the fourth quarter of 2023 remained constant.
Operating expenses for the year ended December 31, 2023 increased primarily due to expenses associated with the increase in advertising revenue, increases in salary expense and non-cash stock-based compensation, rent expense, and expenses from various acquisitions, which did not fully contribute to our financial results in the comparable prior period.
Corporate expenses for the fourth quarter of 2023 decreased primarily due to non-recurring severance expense incurred in the fourth quarter of 2022 upon the passing of our former Chief Executive Officer, and due to a decrease in bonus expense.
Corporate expenses for the year ended December 31, 2023 increased primarily due to professional service fees, audit fees and rent expense, partially offset by a decrease in severance expense incurred in 2022 upon the passing of our former Chief Executive Officer, and due to a decrease in bonus expense.
Quarterly Cash Dividend
The Company announced today that its Board of Directors approved a quarterly cash dividend to shareholders of $0.05 per share on the Company's Class A and Class U common stock, in an aggregate amount of $4.4 million. The quarterly dividend will be payable on March 29, 2024 to shareholders of record as of the close of business on March 15, 2024, and the common stock will trade ex-dividend on March 14, 2024. The Company currently anticipates that future cash dividends will be paid on a quarterly basis; however, any decision to pay future cash dividends will be subject to approval by the Board.
Non-GAAP Financial Measures
This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each of these non-GAAP financial measures, and a table reconciling each of these non-GAAP financial measures to its most directly comparable GAAP financial measure is included beginning on page 8.
Balance Sheet and Related Metrics
Cash and marketable securities as of December 31, 2023 totaled $118.9 million. Total debt as defined in the Company’s credit agreement was $210.6 million. Net of $50 million of cash and marketable securities, total leverage as defined in the Company’s credit agreement was 2.8 times as of December 31, 2023. Net of total cash and marketable securities, total leverage was 1.6 times.
Unaudited Segment Results (In thousands)
Three Months Ended
Twelve Months Ended
December 31,
December 31,
2023
2022
% Change
2023
2022
% Change
Net Revenue
Digital
$
274,865
$
230,137
19
%
$
932,730
$
747,103
25
%
Television
31,130
45,812
(32
)%
120,937
144,730
(16
)%
Audio
14,068
20,379
(31
)%
53,200
64,376
(17
)%
Total
$
320,063
$
296,328
8
%
$
1,106,867
$
956,209
16
%
Cost of Revenue - Digital (1)
$
237,520
$
191,965
24
%
$
800,401
$
623,916
28
%
Operating Expenses (1)
Digital
$
26,012
$
22,553
15
%
$
95,767
$
74,130
29
%
Television
21,023
22,989
(9
)%
80,882
81,958
(1
)%
Audio
10,345
11,707
(12
)%
43,800
41,688
5
%
Total
$
57,380
$
57,249
0
%
$
220,449
$
197,776
11
%
Corporate Expenses (1)
$
14,458
$
22,635
(36
)%
$
50,294
$
49,404
2
%
Foreign currency (gain) loss
$
611
$
860
(29
)%
$
900
$
2,972
(70
)%
Consolidated EBITDA (1)
$
16,246
$
36,524
(56
)%
$
57,666
$
103,090
(44
)%
(1)
Cost of revenue, operating expenses, corporate expenses, and consolidated EBITDA are defined on page 2.
About Entravision Communications Corporation
Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services. We have commercial partnerships with Meta, X Corp. (formerly known as Twitter), TikTok, and Spotify, and marketers can use our Smadex and other platforms to deliver targeted advertising to audiences around the globe. In the U.S., we maintain a diversified portfolio of television and radio stations that target Hispanic audiences and complement our global digital services. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.
Entravision Communications Corporation
Consolidated Statements of Operations
(In thousands, except share and per share data)
(Unaudited)
Three-Month Period
Twelve-Month Period
Ended December 31,
Ended December 31,
2023
2022
2023
2022
Net revenue
$
320,063
$
296,328
$
1,106,867
$
956,209
Expenses:
Cost of revenue - digital
237,520
191,965
800,401
623,916
Direct operating expenses
33,688
35,106
128,470
122,611
Selling, general and administrative expenses
23,692
22,143
91,979
75,165
Corporate expenses
14,458
22,635
50,294
49,404
Depreciation and amortization
7,671
6,485
28,007
25,697
Change in fair value of contingent consideration
6,400
7,400
(2,539
)
14,210
Impairment charge
12,278
1,600
13,267
1,600
Foreign currency (gain) loss
611
860
900
2,972
Other operating (gain) loss
609
1,393
609
382
336,927
289,587
1,111,388
915,957
Operating income (loss)
(16,864
)
6,741
(4,521
)
40,252
Interest expense
(4,503
)
(3,651
)
(17,291
)
(10,876
)
Interest income
1,600
948
5,055
2,864
Dividend income
3
—
35
20
Realized gain (loss) on marketable securities
1
(59
)
(93
)
(532
)
Gain (loss) on debt extinguishment
—
—
(1,556
)
—
Income before income taxes
(19,763
)
3,979
(18,371
)
31,728
Income tax (expense) benefit
1,712
(3,254
)
2,750
(11,559
)
Net income (loss)
(18,051
)
725
(15,621
)
20,169
Net (income) loss attributable to redeemable noncontrolling interest
(157
)
—
(158
)
—
Net (income) loss attributable to noncontrolling interest
—
(2,353
)
342
(2,050
)
Net income (loss) attributable to common stockholders
$
(18,208
)
$
(1,628
)
$
(15,437
)
$
18,119
Basic and diluted earnings (loss) per share:
Net income (loss) per share attributable to common stockholders, basic and diluted
$
(0.21
)
$
(0.02
)
$
(0.18
)
$
0.21
Cash dividends declared per common share, basic and diluted
$
0.05
$
0.03
$
0.20
$
0.10
Weighted average common shares outstanding, basic
88,193,240
85,158,189
87,901,938
85,391,163
Weighted average common shares outstanding, diluted
88,193,240
85,158,189
87,901,938
87,769,762
Entravision Communications Corporation
Consolidated Balance Sheets
(In thousands; unaudited)
December 31,
December 31,
2023
2022
ASSETS
Current assets
Cash and cash equivalents
$
105,739
$
110,691
Marketable securities
13,172
44,528
Restricted Cash
770
753
Trade receivables, net of allowance for doubtful accounts
235,837
224,713
Assets held for sale
301
—
Prepaid expenses and other current assets
30,036
27,238
Total current assets
385,855
407,923
Property and equipment, net
71,475
61,362
Intangible assets subject to amortization, net
51,784
61,811
Intangible assets not subject to amortization
195,174
207,453
Goodwill
90,672
86,991
Deferred income taxes
4,991
2,591
Operating leases right of use asset
43,941
44,413
Other assets
22,054
8,297
Total assets
$
865,946
$
880,841
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current maturities of long-term debt
$
9,969
$
5,256
Accounts payable and accrued expenses
254,802
237,415
Operating lease liabilities
7,282
5,570
Total current liabilities
272,053
248,241
Long-term debt, less current maturities, net of unamortized debt issuance costs
199,552
207,292
Long-term operating lease liabilities
45,665
42,151
Other long-term liabilities
23,009
30,198
Deferred income taxes
59,381
67,590
Total liabilities
599,660
595,472
Redeemable noncontrolling interest
43,758
—
Stockholders' equity
Class A common stock
8
8
Class B common stock
—
—
Class U common stock
1
1
Additional paid-in capital
743,246
776,298
Accumulated deficit
(519,812
)
(504,375
)
Accumulated other comprehensive income (loss)
(915
)
(1,510
)
Total stockholders' equity
222,528
270,422
Noncontrolling interest
-
14,947
Total equity
222,528
285,369
Total liabilities, redeemable noncontrolling interest and equity
$
865,946
$
880,841
Entravision Communications Corporation
Consolidated Statements of Cash Flows
(In thousands; unaudited)
Three-Month Period
Twelve-Month Period
Ended December 31,
Ended December 31,
2023
2022
2023
2022
Cash flows from operating activities:
Net income (loss)
$
(18,051
)
$
725
$
(15,621
)
$
20,169
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
7,671
6,485
28,007
25,697
Impairment charge
12,278
1,600
13,267
1,600
Deferred income taxes
(10,796
)
(557
)
(10,965
)
(3,708
)
Non-cash interest
91
238
355
1,314
Amortization of syndication contracts
113
120
471
468
Payments on syndication contracts
(114
)
(166
)
(480
)
(470
)
Non-cash stock-based compensation
6,645
12,039
23,698
20,034
(Gain) loss on marketable securities
(1
)
59
93
532
(Gain) loss on disposal of assets/business
748
(37
)
737
(636
)
(Gain) loss on debt extinguishment
—
—
1,556
—
Change in fair value of contingent consideration
6,400
7,400
(2,539
)
14,210
Changes in assets and liabilities, net of businesses acquired and disposed of:
(Increase) decrease in trade receivables, net
(25,508
)
(31,983
)
(9,247
)
(9,687
)
(Increase) decrease in prepaid expenses and other current assets, operating leases right of use asset and other assets
15,025
2,200
7,826
2,017
Increase (decrease) in accounts payable, accrued expenses and other liabilities
11,578
2,652
38,038
7,377
Net cash provided by operating activities
6,079
775
75,196
78,917
Cash flows from investing activities:
Proceeds from sale of assets/business
175
37
258
2,708
Purchases of property and equipment
(7,446
)
(3,586
)
(27,327
)
(11,468
)
Purchase of businesses, net of cash acquired
—
—
(6,930
)
—
Investment in variable interest entities, net of cash consolidated
—
—
—
(5,164
)
Purchases of marketable securities
—
(13,902
)
(11,355
)
(106,382
)
Proceeds from sale of marketable securities
5,242
12,946
43,335
59,814
Purchases of investments
—
—
(300
)
—
Issuance of loan receivable
—
—
(13,636
)
—
Net cash provided by (used in) investing activities
(2,029
)
(4,505
)
(15,955
)
(60,492
)
Cash flows from financing activities:
Proceeds from stock option exercises
—
1
554
219
Tax payments related to shares withheld for share-based compensation plans
(3,899
)
(4,257
)
(4,057
)
(4,524
)
Payments on debt
(1,250
)
(751
)
(215,745
)
(3,252
)
Dividends paid
(4,406
)
(2,124
)
(17,588
)
(8,539
)
Distributions to noncontrolling interest
—
—
(3,380
)
—
Repurchase of Class A common stock
—
—
—
(11,280
)
Payment of contingent consideration
—
—
(35,113
)
(65,340
)
Principal payments under finance lease obligation
(39
)
(33
)
(152
)
(105
)
Proceeds from borrowings on debt
667
—
213,087
—
Payments for debt issuance costs
—
—
(1,777
)
—
Net cash used in financing activities
(8,927
)
(7,164
)
(64,171
)
(92,821
)
Effect of exchange rates on cash, cash equivalents and restricted cash
(3
)
(2
)
(5
)
(3
)
Net increase (decrease) in cash, cash equivalents and restricted cash
(4,880
)
(10,896
)
(4,935
)
(74,399
)
Cash, cash equivalents and restricted cash:
Beginning
111,389
122,340
111,444
185,843
Ending
$
106,509
$
111,444
$
106,509
$
111,444
Entravision Communications Corporation
Reconciliation of Consolidated EBITDA to Cash Flows From Operating Activities
(In thousands; unaudited)
The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:
Three-Month Period
Twelve-Month Period
Ended December 31,
Ended December 31,
2023
2022
2023
2022
Consolidated EBITDA (1)
$
16,246
$
36,524
$
57,666
$
103,090
EBITDA attributable to redeemable noncontrolling interest
779
—
1,515
—
EBITDA attributable to noncontrolling interest
—
3,404
230
3,399
Interest expense
(4,503
)
(3,651
)
(17,291
)
(10,876
)
Interest income
1,600
948
5,055
2,864
Income tax (expense) benefit
1,712
(3,254
)
2,750
(11,559
)
Amortization of syndication contracts
(113
)
(120
)
(471
)
(468
)
Payments on syndication contracts
114
166
480
470
Non-cash stock-based compensation included in direct operating
expenses
(2,264
)
(2,816
)
(9,482
)
(5,694
)
Non-cash stock-based compensation included in corporate expenses
(4,381
)
(9,223
)
(14,216
)
(14,340
)
Depreciation and amortization
(7,671
)
(6,485
)
(28,007
)
(25,697
)
Change in fair value of contingent consideration
(6,400
)
(7,400
)
2,539
(14,210
)
Non-recurring severance charge
(287
)
(4,316
)
(899
)
(4,316
)
Dividend income
3
—
35
20
Realized gain (loss) on marketable securities
1
(59
)
(93
)
(532
)
Other operating gain (loss)
(609
)
(1,393
)
(609
)
(382
)
Impairment charge
(12,278
)
(1,600
)
(13,267
)
(1,600
)
Gain (loss) on debt extinguishment
—
—
(1,556
)
—
Net (income) loss attributable to redeemable noncontrolling interest
(157
)
—
(158
)
—
Net (income) loss attributable to noncontrolling interest
—
(2,353
)
342
(2,050
)
Net income (loss) attributable to common stockholders
(18,208
)
(1,628
)
(15,437
)
18,119
Depreciation and amortization
7,671
6,485
28,007
25,697
Impairment charge
12,278
1,600
13,267
1,600
Deferred income taxes
(10,796
)
(557
)
(10,965
)
(3,708
)
Amortization of debt issuance costs
91
238
355
1,314
Amortization of syndication contracts
113
120
471
468
Payments on syndication contracts
(114
)
(166
)
(480
)
(470
)
Non-cash stock-based compensation
6,645
12,039
23,698
20,034
Realized (gain) loss on marketable securities
(1
)
59
93
532
(Gain) loss on disposal of assets/business
748
(37
)
737
(636
)
Change in fair value of contingent consideration
6,400
7,400
(2,539
)
14,210
(Gain) loss on debt extinguishment
—
—
1,556
—
Net (income) loss attributable to redeemable noncontrolling interest
157
—
158
—
Net income (loss) attributable to noncontrolling interest
—
2,353
(342
)
2,050
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(25,508
)
(31,983
)
(9,247
)
(9,687
)
(Increase) decrease in prepaid expenses and other assets
15,025
2,200
7,826
2,017
Increase (decrease) in accounts payable, accrued expenses and other liabilities
11,578
2,652
38,038
7,377
Net cash provided by (used in ) operating activities
$
6,079
$
775
$
75,196
$
78,917
(1)
Consolidated EBITDA is defined on page 2.
Entravision Communications Corporation
Reconciliation of Free Cash Flow to Cash Flows From Operating Activities
(In thousands; unaudited)
The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:
Three-Month Period
Twelve-Month Period
Ended December 31,
Ended December 31,
2023
2022
2023
2022
Consolidated EBITDA (1)
$
16,246
$
36,524
$
57,666
$
103,090
Net, cash interest expense (1)
(2,812
)
(2,465
)
(11,881
)
(6,698
)
Dividend income
3
—
35
20
Cash paid for income taxes
(7,171
)
(5,465
)
(13,100
)
(16,921
)
Capital expenditures (2)
(7,446
)
(3,586
)
(27,327
)
(11,468
)
Landlord incentive reimbursement
—
—
3,509
—
Other operating gain (loss)
(609
)
(1,393
)
(609
)
(382
)
Non-recurring cash severance charge
(287
)
(4,316
)
(899
)
(4,316
)
Free cash flow (1)
(2,076
)
19,299
7,394
63,325
Capital expenditures (2)
7,446
3,586
27,327
11,468
Landlord incentive reimbursement
—
—
(3,509
)
—
EBITDA attributable to redeemable noncontrolling interest
779
—
1,515
—
EBITDA attributable to noncontrolling interest
—
3,404
230
3,399
(Gain) loss on disposal of assets/business
748
(37
)
737
(636
)
Cash paid for income taxes
7,171
5,465
13,100
16,921
Deferred income taxes
(10,796
)
(557
)
(10,965
)
(3,708
)
Income tax (expense) benefit
1,712
(3,254
)
2,750
(11,559
)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(25,508
)
(31,983
)
(9,247
)
(9,687
)
(Increase) decrease in prepaid expenses and other assets
15,025
2,200
7,826
2,017
Increase (decrease) in accounts payable, accrued expenses and other liabilities
11,578
2,652
38,038
7,377
Cash Flows From Operating Activities
$
6,079
$
775
$
75,196
$
78,917
(1)
Consolidated EBITDA, net interest expense, and free cash flow are defined on page 2.
(2)
Capital expenditures are not part of the consolidated statement of operations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240304552992/en/
Christopher T. Young Chief Financial Officer and Treasurer Entravision Communications Corporation 310-447-3870 cyoung@entravision.com
Kimberly Orlando ADDO Investor Relations 310-829-5400 evc@addo.com
1 Year Entravision Communications Chart |
1 Month Entravision Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions