Attached files
file | filename |
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8-K - FORM 8-K - EMMIS COMMUNICATIONS CORP | eh1100637_form8k.htm |
EX-10.1 - EXHIBIT 10.1 - EMMIS COMMUNICATIONS CORP | eh1100637_form8k-ex1001.htm |
EX-99.2 - EXHIBIT 99.2 - EMMIS COMMUNICATIONS CORP | eh1100637_form8k-ex9902.htm |
EXHIBIT 99.1
Unaudited financial information for WLUP, WKQX and WRXP.
As of
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February 28, 2011
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May 31, 2011
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(000’s | ) | (000’s | ) | |||||
Current assets:
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Cash and cash equivalents
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$ | 1 | $ | 1 | ||||
Accounts receivable, net
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4,215 | 4,464 | ||||||
Prepaid expenses
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323 | 276 | ||||||
Other
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281 | 257 | ||||||
Total current assets
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4,820 | 4,998 | ||||||
Noncurrent assets:
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Property and equipment, net
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2,469 | 2,305 | ||||||
Intangible assets, net
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115,788 | 115,788 | ||||||
Other noncurrent assets
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126 | 126 | ||||||
Total noncurrent assets
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118,383 | 118,219 | ||||||
Total assets
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$ | 123,203 | $ | 123,217 | ||||
Current liabilities:
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Accounts payable and accrued expenses
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$ | 243 | $ | 161 | ||||
Accrued salaries and commissions
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525 | 582 | ||||||
Deferred revenue
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336 | 288 | ||||||
Other
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364 | 350 | ||||||
Total current liabilities
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1,468 | 1,381 | ||||||
a
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Other noncurrent liabilities
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1,397 | 1,437 | ||||||
Total liabilities
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$ | 2,865 | $ | 2,818 | ||||
Unaudited combined operating income (loss) for the fiscal years ended February 28, 2009, 2010 and 2011
For the year ended February 28,
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2009
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2010
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2011
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(000’s | ) | (000’s | ) | (000’s | ) | |||||||
Net revenues
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$ | 24,402 | $ | 22,939 | $ | 25,257 | ||||||
Station operating expenses, excluding
depreciation and amortization expense
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29,124 | 25,013 | 22,731 | |||||||||
Restructuring charge
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268 | 262 | - | |||||||||
Depreciation and amortization
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1,181 | 1,206 | 1,090 | |||||||||
Loss on disposal of assets
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- | - | 7 | |||||||||
Impairment loss
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155,500 | 78,246 | - | |||||||||
Operating income (loss)
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(161,671 | ) | (81,788 | ) | 1,429 |
Unaudited combined operating income (loss) for the fiscal quarter ended May 31, 2011
For the three months ended May 31,
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2010
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2011
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(000’s | ) | (000’s | ) | |||||
Net revenues
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$ | 5,910 | $ | 5,724 | ||||
Station operating expenses, excluding
depreciation and amortization expense |
5,427 | 5,228 | ||||||
Restructuring charge
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262 | - | ||||||
Depreciation and amortization
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290 | 234 | ||||||
Operating income (loss)
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(69 | ) | 262 |