AUD · Audacy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $301.61M | $261.81M | - | $299.17M | $298.51M | $259.63M | - | $316.97M | $319.44M | $275.30M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $21.09M | $22.95M | - | $32.56M | $25.88M | $25.30M | - | $21.16M | $25.70M | $25.91M |
| Total Operating Expenses | $304.57M | $262.23M | - | $580.83M | $433.81M | $271.84M | - | $468.85M | $296.16M | $266.79M |
| D&A | $21.71M | $21.91M | - | $18.31M | $17.57M | $17.44M | - | $18.34M | $15.57M | $13.54M |
| Operating Income | ($2.96M) | ($425.0K) | - | ($281.67M) | ($135.29M) | ($12.21M) | - | ($151.88M) | $23.28M | $8.50M |
| Interest Expense | $2.76M | $5.37M | - | $36.01M | $34.55M | $32.38M | - | $28.11M | $24.53M | $23.47M |
| Income Tax | ($3.09M) | ($4.49M) | - | ($83.34M) | ($44.04M) | ($8.69M) | - | ($39.01M) | ($242.0K) | ($3.90M) |
| Net Income | $2.93M | ($1.85M) | - | ($234.33M) | ($125.80M) | ($35.90M) | - | ($140.97M) | ($773.0K) | ($11.07M) |
| EPS - Basic | $0.62 | ($0.39) | - | ($49.64) | ($26.64) | ($0.25) | - | ($1.01) | ($0.01) | ($0.08) |
| EPS - Diluted | $0.62 | ($0.39) | - | ($49.64) | ($26.64) | ($0.25) | - | ($1.01) | ($0.01) | ($0.08) |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $101.53M | $101.89M | $69.69M | $54.08M | $80.67M | $83.77M | $103.34M | $36.42M | $40.49M | $35.58M |
| Accounts Receivable | $255.34M | $226.00M | $258.09M | $249.24M | $238.86M | $220.43M | $261.36M | $266.25M | $262.32M | $227.86M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $11.91M | $6.21M | $21.74M | $8.08M | $4.96M | $9.51M | $14.00M | $18.59M | $16.62M | $28.03M |
| Current Assets | $432.48M | $411.45M | $401.62M | $381.28M | $390.53M | $394.53M | $437.05M | $386.49M | $369.12M | $352.62M |
| Total Assets | $1.89B | $1.89B | $1.90B | $2.79B | $3.09B | $3.23B | $3.28B | $3.24B | $3.40B | $3.37B |
| Current Liabilities | $200.89M | $194.15M | $2.19B | $2.13B | $182.00M | $194.00M | $207.85M | $194.77M | $204.66M | $211.88M |
| Long-term Debt | $75.00M | $75.00M | $0 | $1.92B | $1.92B | $1.88B | $1.88B | $1.87B | $1.83B | $1.78B |
| Total Liabilities | - | - | $2.52B | $2.66B | $2.73B | $2.74B | $2.76B | $2.73B | $2.76B | $2.73B |
| Stockholders' Equity | ($612.99M) | ($616.30M) | ($614.75M) | $507.01M | $645.76M | $485.66M | $520.62M | $507.01M | $645.76M | $643.42M |
| Retained Earnings | ($2.30B) | ($2.30B) | ($2.30B) | ($1.56B) | ($1.32B) | ($1.20B) | ($1.16B) | ($1.17B) | ($1.03B) | ($1.03B) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($28.52M) | - | - | - | ($22.62M) | - | - | - | $15.22M |
| Investing Cash Flow | - | $32.94M | - | - | - | $3.25M | - | - | - | ($12.06M) |
| Financing Cash Flow | - | $28.55M | - | - | - | ($197.0K) | - | - | - | ($24.56M) |
| CapEx | - | $2.11M | - | - | - | $13.62M | - | - | - | $14.52M |
| Free Cash Flow | - | ($30.63M) | - | - | - | ($36.24M) | - | - | - | $698.0K |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1.0% | -0.2% | - | -94.2% | -45.3% | -4.7% | - | -47.9% | 7.3% | 3.1% |
| EBITDA margin | 6.2% | 8.2% | - | -88.0% | -39.4% | 2.0% | - | -42.1% | 12.2% | 8.0% |
| Net margin | 1.0% | -0.7% | - | -78.3% | -42.1% | -13.8% | - | -44.5% | -0.2% | -4.0% |
| Free cash flow margin | - | -11.7% | - | - | - | -14.0% | - | - | - | 0.3% |
| FCF / Net income | - | 16.54 | - | - | - | 1.01 | - | - | - | -0.06 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.0% | 8.8% | - | 10.9% | 8.7% | 9.7% | - | 6.7% | 8.0% | 9.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.2% | -0.1% | - | -8.4% | -4.1% | -1.1% | - | -4.4% | -0.0% | -0.3% |
| Return on equity | -0.5% | 0.3% | - | -46.2% | -19.5% | -7.4% | - | -27.8% | -0.1% | -1.7% |
| Return on invested capital | - | - | - | -9.2% | -4.2% | -0.4% | - | -5.1% | 0.7% | 0.3% |
| Liquidity | ||||||||||
| Current ratio | 2.15 | 2.12 | 0.18 | 0.18 | 2.15 | 2.03 | 2.10 | 1.98 | 1.80 | 1.66 |
| Quick ratio | 2.15 | 2.12 | 0.18 | 0.18 | 2.15 | 2.03 | 2.10 | 1.98 | 1.80 | 1.66 |
| Cash ratio | 0.51 | 0.52 | 0.03 | 0.03 | 0.44 | 0.43 | 0.50 | 0.19 | 0.20 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | -0.12 | -0.12 | 0.00 | 3.79 | 2.97 | 3.87 | 3.61 | 3.68 | 2.84 | 2.77 |
| Debt / Assets | 0.04 | 0.04 | 0.00 | 0.69 | 0.62 | 0.58 | 0.57 | 0.58 | 0.54 | 0.53 |
| Debt / EBITDA | 4.00 | 3.49 | - | - | - | 359.52 | - | - | 47.21 | 80.88 |
| Interest coverage | -1.1x | -0.1x | - | -7.8x | -3.9x | -0.4x | - | -5.4x | 0.9x | 0.4x |
| Equity multiplier | -3.08 | -3.07 | -3.09 | 5.50 | 4.78 | 6.65 | 6.31 | 6.38 | 5.27 | 5.24 |
| Liabilities / Assets | - | - | 1.32 | 0.95 | 0.88 | 0.85 | 0.84 | 0.84 | 0.81 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | 0.14 | - | 0.11 | 0.10 | 0.08 | - | 0.10 | 0.09 | 0.08 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 309d | 315d | - | 304d | 292d | 310d | - | 307d | 300d | 302d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.0% | 0.8% | - | -5.6% | -6.6% | -5.7% | - | -3.8% | 4.9% | 14.3% |
| Revenue CAGR (3y) | -0.3% | 2.8% | - | 3.7% | 19.3% | -4.4% | - | -6.4% | -5.7% | -3.8% |
| Revenue CAGR (5y) | -4.5% | -3.3% | - | 19.6% | -4.3% | -2.9% | - | 21.0% | 20.6% | 23.1% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 97.8% | 96.5% | - | -85.5% | - | - | - | - | 29.7% | - |
| Net income growth (YoY) | - | 94.8% | - | -66.2% | -16174.5% | -224.2% | - | -2861.0% | - | 48.8% |
| EPS growth (YoY) | - | -56.0% | - | -4814.9% | -266300.0% | -212.5% | - | -2425.0% | - | 50.0% |
| EPS CAGR (3y) | 295.8% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | 26.7% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 15.5% | - | - | - | - | - | - | - | -98.1% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | -26.4% |
| Book value growth (YoY) | - | - | - | 0.0% | 0.0% | -24.5% | -20.2% | -19.2% | 2.8% | 3.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$1.17B totalBroadcast$714.33M · 61.1%
Digital Revenues$260.48M · 22.3%
Network Revenues$85.47M · 7.3%
Event And Other$60.90M · 5.2%
Trade And Barter$47.76M · 4.1%
Peer comparison
Same SIC group: Radio Broadcasting Stations
Comparing AUDACY against the 5 most active filers in the same SIC group.