Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 109

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 109
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 accompanying notes. Actual results could differ from those estimates. The Company’s operations are affected by numerous factors, including changes in audience acceptance (i.e. ratings), priorities of advertisers, new laws and governmental regulations, and policies and technological advances. The Company cannot predict if any of these factors might have a significant impact on the television, radio, or digital advertising industries in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Company’s operations and cash flows. Significant estimates and assumptions made by management are used for, but not limited to, the allowance for doubtful accounts, stock-based compensation, the estimated useful lives of long-lived and intangible assets, the recoverability of such assets by their estimated future undiscounted cash flows, the fair value of reporting units and indefinite life intangible assets, fair value of contingent consideration, disclosure of the fair value of debt, deferred income taxes and the purchase price allocations used in the Company’s acquisitions. Cash and Cash Equivalents The Company considers all short-term, highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of funds held in general checking accounts, money market accounts and commercial paper. Cash and cash equivalents are stated at cost plus accrued interest, which approximates fair value. The Company had $11.1 million and $8.8 million in cash and cash equivalents held outside the United States as of December 31, 2024 and 2023, respectively.  Restricted Cash As of December 31, 2024 and 2023, the Company’s balance sheet includes $0.8 million in restricted cash as temporary collateral for the Company’s letters of credit. The Company's cash and cash equivalents and restricted cash, as presented in the Consolidated Statements of Cash Flows, was as follows (in thousands):  

F-10

          As of December 31,

          2024

          2023

          2022

          Cash and cash equivalents
          $
          95,914

          $
          67,398

          $
          80,348

          Cash and cash equivalents - discontinued operations
           
          —

          38,341

          $
          30,343

          Restricted cash
           
          786

          770

          753

          Total as presented in the Consolidated Statements of Cash Flows
          $
          96,700

          $