Company: EVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-066954
Chunk: 0

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ENTRAVISION COMMUNICATIONS CORPORATION 

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands, except share and per share data)

     March 31,

     December 31,

     2025

     2024

     ASSETS

     Current assets

     Cash and cash equivalents
      
     $
     73,610

     $
     95,914

     Marketable securities

     4,537

     4,694

     Restricted cash

     789

     786

     Trade receivables, (including related parties of $9,120 and $3,556) net of allowance for doubtful accounts of $2,878 and $3,034

     78,923

     68,319

     Assets held for sale

     4,650

     -

     Prepaid expenses and other current assets (including related parties of $274 and $274)

     28,534

     16,587

     Total current assets

     191,043

     186,300

     Property and equipment, net of accumulated depreciation of $148,825 and $154,885

     50,571

     60,616

     Intangible assets subject to amortization, net of accumulated amortization of $62,785 and $62,330 (including related parties of $1,625 and $1,857)

     3,961

     4,417

     Intangible assets not subject to amortization

     149,276

     177,276

     Goodwill

     7,352

     7,352

     Deferred income taxes

     2,924

     2,650

     Operating leases right of use asset

     22,946

     40,762

     Other assets

     7,749

     7,905

     Total assets
      
     $
     435,822

     $
     487,278

     LIABILITIES AND STOCKHOLDERS' EQUITY

     Current liabilities

     Current maturities of long-term debt
      
     $
     2,500

     $
     -

     Accounts payable and accrued expenses (including related parties of $967 and $890)

     55,177

     53,882

     Operating lease liabilities

     7,631