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Emmis Communications Corp
OTC:EMMS

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Emmis Communications Corp
OTC:EMMS
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Price: 2 USD Market Closed
Market Cap: $26.8m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-81%
5Y
-83%
10Y
-84%
Operating Income
+
3Y
-
5Y
-
10Y
-
Net Income
+
3Y
+285%
5Y
-
10Y
-

Earnings Waterfall
Emmis Communications Corp

Income Statement
Emmis Communications Corp

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Income Statement
Currency: USD
May-1996 Aug-1996 Nov-1996 Feb-1997 May-1997 Aug-1997 Nov-1997 Feb-1998 May-1998 Aug-1998 Nov-1998 Feb-1999 May-1999 Aug-1999 Nov-1999 Feb-2000 May-2000 Aug-2000 Nov-2000 Feb-2001 May-2001 Aug-2001 Nov-2001 Feb-2002 May-2002 Aug-2002 Nov-2002 Feb-2003 May-2003 Aug-2003 Nov-2003 Feb-2004 May-2004 Aug-2004 Nov-2004 Feb-2005 May-2005 Aug-2005 Nov-2005 Feb-2006 May-2006 Aug-2006 Nov-2006 Feb-2007 May-2007 Aug-2007 Nov-2007 Feb-2008 May-2008 Aug-2008 Nov-2008 Feb-2009 May-2009 Aug-2009 Nov-2009 Feb-2010 May-2010 Aug-2010 Nov-2010 Feb-2011 May-2011 Aug-2011 Nov-2011 Feb-2012 May-2012 Aug-2012 Nov-2012 Feb-2013 May-2013 Aug-2013 Nov-2013 Feb-2014 May-2014 Aug-2014 Nov-2014 Feb-2015 May-2015 Aug-2015 Nov-2015 Feb-2016 May-2016 Aug-2016 Nov-2016 Feb-2017 May-2017 Aug-2017 Nov-2017 Feb-2018 May-2018 Aug-2018 Nov-2018 Feb-2019 May-2019 Aug-2019 Nov-2019 Feb-2020
Revenue
Interest Expense
12
12
11
10
10
12
13
14
17
19
28
36
43
50
52
52
47
42
52
72
99
122
130
129
124
118
111
104
97
92
88
63
77
64
51
40
36
47
59
71
73
66
55
43
40
37
36
34
33
30
28
25
24
22
23
25
25
25
23
16
21
22
21
20
20
21
22
21
16
11
7
7
7
10
14
17
20
20
19
19
19
19
19
18
18
18
16
15
13
10
8
7
6
5
5
4
Revenue
100
N/A
100
+0%
101
+1%
114
+13%
107
-6%
112
+5%
121
+8%
141
+16%
142
+1%
166
+17%
201
+21%
233
+16%
261
+12%
284
+9%
304
+7%
325
+7%
353
+9%
381
+8%
433
+14%
473
+9%
508
+7%
544
+7%
539
-1%
540
+0%
538
0%
537
0%
554
+3%
536
-3%
567
+6%
564
-1%
561
-1%
327
-42%
508
+56%
464
-9%
402
-13%
344
-14%
360
+5%
368
+2%
376
+2%
377
+0%
375
-1%
370
-1%
363
-2%
357
-2%
356
0%
352
-1%
351
0%
336
-4%
357
+6%
343
-4%
332
-3%
308
-7%
282
-8%
265
-6%
250
-6%
242
-3%
243
+0%
246
+1%
247
+1%
217
-12%
248
+14%
240
-3%
227
-5%
202
-11%
194
-4%
188
-3%
185
-1%
196
+6%
189
-4%
191
+1%
193
+1%
205
+6%
214
+4%
221
+3%
232
+5%
238
+3%
237
-1%
237
+0%
234
-1%
231
-1%
229
-1%
225
-2%
222
-1%
215
-3%
199
-7%
183
-8%
162
-11%
148
-8%
119
-20%
86
-28%
61
-29%
40
-35%
39
-3%
38
-1%
38
0%
40
+4%
Gross Profit
Cost of Revenue
(53)
(52)
(52)
(62)
(56)
(59)
(64)
(81)
(79)
(97)
(120)
(143)
(161)
(176)
(186)
(200)
(216)
(230)
(262)
(299)
(325)
(350)
(355)
(354)
(351)
(349)
(348)
(334)
(352)
(352)
(355)
(202)
(320)
(290)
(254)
(222)
(229)
(237)
(244)
(252)
(255)
(257)
(256)
(252)
(257)
(260)
(264)
(250)
(264)
(255)
(250)
(239)
(230)
(222)
(212)
(206)
(202)
(201)
(201)
(174)
(198)
(193)
(188)
(167)
(160)
(154)
(148)
(154)
(144)
(146)
(147)
(159)
(168)
(172)
(179)
(181)
(184)
(185)
(184)
(183)
(181)
(180)
(182)
(180)
(168)
(155)
(138)
(120)
(99)
(74)
(57)
(39)
(36)
(35)
(32)
(33)
Gross Profit
47
N/A
48
+2%
49
+2%
51
+6%
51
-2%
53
+5%
57
+7%
59
+5%
63
+6%
69
+10%
82
+19%
90
+9%
100
+11%
109
+9%
118
+8%
125
+6%
137
+9%
151
+10%
171
+13%
174
+2%
184
+6%
194
+5%
184
-5%
186
+1%
188
+1%
188
+0%
206
+10%
203
-2%
215
+6%
212
-2%
206
-3%
125
-39%
189
+51%
175
-7%
148
-15%
122
-18%
131
+8%
131
0%
132
+1%
125
-5%
120
-4%
114
-5%
107
-6%
105
-2%
99
-6%
92
-8%
88
-4%
86
-2%
93
+8%
88
-5%
82
-6%
69
-16%
53
-24%
43
-18%
39
-11%
36
-7%
41
+13%
44
+9%
46
+5%
43
-7%
49
+15%
47
-5%
39
-16%
35
-11%
34
-4%
34
+1%
38
+11%
42
+11%
45
+8%
45
0%
46
+1%
46
+1%
46
+0%
49
+5%
53
+8%
57
+8%
53
-7%
52
-2%
50
-4%
48
-4%
48
+0%
45
-6%
40
-11%
34
-14%
30
-12%
28
-10%
24
-13%
29
+20%
20
-31%
11
-43%
4
-66%
1
-73%
3
+191%
4
+23%
6
+69%
7
+7%
Operating Income
Operating Expenses
(15)
(15)
(15)
(16)
(15)
(19)
(22)
(23)
(29)
(33)
(38)
(47)
(52)
(58)
(64)
(67)
(74)
(80)
(90)
(104)
(116)
(126)
(130)
(130)
(119)
(109)
(123)
(85)
(100)
(91)
(91)
(54)
(85)
(76)
(68)
(51)
(54)
(53)
(50)
(54)
(52)
(51)
(51)
(42)
(43)
(40)
(52)
(48)
(51)
(50)
(34)
(31)
(28)
(27)
(25)
(24)
(25)
(26)
(26)
(21)
(27)
(24)
(25)
(24)
(21)
(21)
(20)
(23)
(21)
(22)
(23)
(22)
(23)
(22)
(22)
(25)
(20)
(20)
(19)
(19)
(27)
(17)
(17)
(16)
(3)
(15)
(14)
(14)
(14)
(13)
(13)
(12)
(12)
(11)
(19)
(20)
Selling, General & Administrative
(10)
(11)
(11)
(11)
(11)
(11)
(12)
(15)
(13)
(13)
(13)
(18)
(17)
(19)
(22)
(23)
(24)
(26)
(29)
(30)
(33)
(32)
(30)
(30)
(32)
(37)
(42)
(43)
(46)
(46)
(46)
(39)
(46)
(45)
(44)
(35)
(39)
(37)
(34)
(36)
(35)
(35)
(36)
(28)
(29)
(26)
(38)
(36)
(36)
(36)
(20)
(19)
(17)
(15)
(15)
(14)
(15)
(17)
(16)
(16)
(18)
(16)
(18)
(19)
(17)
(18)
(17)
(18)
(17)
(18)
(18)
(17)
(18)
(16)
(15)
(15)
(14)
(14)
(14)
(13)
(12)
(11)
(12)
(11)
(11)
(11)
(10)
(11)
(10)
(11)
(10)
(10)
(10)
(10)
(18)
(19)
Depreciation & Amortization
(6)
(5)
(6)
(6)
(6)
(6)
(7)
(8)
(9)
(14)
(21)
(28)
(35)
(38)
(42)
(44)
(49)
(53)
(62)
(74)
(84)
(94)
(100)
(100)
(87)
(72)
(57)
(42)
(44)
(44)
(45)
(15)
(39)
(31)
(24)
(16)
(15)
(16)
(16)
(17)
(17)
(16)
(15)
(13)
(13)
(14)
(14)
(12)
(15)
(14)
(14)
(12)
(11)
(11)
(10)
(10)
(10)
(10)
(10)
(6)
(9)
(8)
(7)
(5)
(4)
(4)
(3)
(5)
(4)
(4)
(4)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(4)
(4)
(4)
(3)
(3)
(2)
(1)
(1)
(1)
(1)
(1)
Other Operating Expenses
0
1
1
0
1
(1)
(3)
0
(7)
(6)
(4)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(24)
0
(10)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(4)
(0)
0
0
0
(10)
0
0
0
13
0
0
0
0
0
0
0
0
0
0
0
Operating Income
31
N/A
32
+3%
33
+4%
35
+5%
35
-1%
35
-1%
35
+0%
37
+6%
34
-9%
36
+8%
44
+22%
43
-3%
48
+11%
51
+7%
54
+6%
59
+9%
63
+8%
70
+11%
81
+15%
70
-13%
67
-4%
68
+1%
54
-21%
56
+4%
69
+24%
79
+14%
83
+5%
117
+42%
115
-2%
121
+5%
115
-5%
71
-38%
104
+47%
98
-5%
80
-18%
71
-12%
77
+9%
79
+2%
82
+4%
72
-12%
68
-5%
63
-8%
56
-11%
64
+14%
56
-12%
51
-9%
36
-30%
38
+6%
42
+11%
38
-9%
49
+26%
38
-21%
25
-36%
17
-32%
14
-18%
12
-12%
16
+29%
18
+17%
21
+13%
22
+5%
23
+4%
22
0%
14
-36%
11
-23%
13
+16%
13
-3%
18
+41%
19
+10%
24
+24%
23
-5%
24
+3%
24
+3%
24
-2%
27
+15%
31
+15%
32
+2%
33
+3%
33
-1%
31
-5%
29
-5%
21
-29%
28
+37%
23
-18%
18
-21%
28
+52%
12
-56%
10
-19%
14
+44%
6
-57%
(2)
N/A
(9)
-317%
(11)
-22%
(9)
+18%
(7)
+16%
(13)
-75%
(13)
-3%
Pre-Tax Income
Interest Income Expense
(12)
(12)
(11)
(10)
(10)
(12)
(13)
(14)
(16)
(18)
(27)
(36)
(43)
(51)
(52)
(52)
(48)
(43)
(53)
(74)
(100)
(124)
(134)
(134)
(130)
(125)
(116)
(108)
(101)
(93)
(90)
(63)
(78)
(65)
(51)
(39)
(35)
(45)
(58)
(67)
(73)
(66)
(55)
(44)
(40)
(37)
(37)
(34)
(33)
(31)
(29)
(25)
(24)
(23)
(23)
(25)
(25)
(25)
(23)
(17)
(21)
(22)
11
12
12
11
(22)
(21)
(16)
(11)
(7)
(7)
(7)
(10)
(14)
(17)
(20)
(20)
(19)
(19)
(19)
(19)
(19)
(18)
(18)
(18)
(16)
(15)
(13)
(10)
(8)
(7)
(6)
(5)
(5)
(4)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
(5)
(4)
(5)
(5)
0
(13)
(15)
(24)
0
(14)
0
0
0
(0)
(109)
(110)
(110)
(98)
(1)
(1)
(1)
(43)
(45)
(46)
(56)
(13)
(11)
(10)
0
(18)
(21)
(21)
(231)
(377)
(352)
(524)
(314)
(147)
(172)
0
0
(7)
(9)
(9)
(10)
(4)
(4)
(4)
(4)
(7)
(7)
(7)
(8)
(3)
(3)
(1)
0
(74)
(67)
(68)
(68)
(10)
0
(13)
4
13
0
90
73
74
105
31
30
30
(1)
(5)
(3)
(5)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
9
9
9
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(12)
Total Other Income
2
3
0
0
1
0
0
(5)
(5)
(4)
(3)
2
1
1
0
3
3
17
36
39
39
26
6
1
1
1
1
1
0
(1)
(1)
(1)
(1)
(1)
(1)
1
1
1
1
(1)
3
4
6
0
(0)
(0)
(2)
(0)
(0)
(2)
(2)
(1)
(1)
0
0
0
(0)
(0)
(0)
(0)
(0)
0
(0)
(16)
(16)
(16)
(16)
0
(0)
0
(0)
0
0
0
0
0
(6)
(6)
(6)
1
1
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
Pre-Tax Income
20
N/A
23
+13%
23
N/A
26
+12%
26
-1%
23
-9%
23
-4%
18
-19%
13
-27%
15
+13%
15
+1%
9
-40%
6
-38%
1
-88%
2
+129%
9
+456%
19
+111%
45
+137%
58
+31%
31
-46%
2
-93%
(36)
N/A
(74)
-107%
(90)
-22%
(66)
+27%
(61)
+8%
(24)
+60%
6
N/A
15
+167%
29
+88%
26
-9%
7
-73%
(84)
N/A
(77)
+8%
(81)
-6%
(65)
+20%
41
N/A
33
-20%
24
-27%
(38)
N/A
(47)
-22%
(46)
+2%
(50)
-9%
7
N/A
5
-25%
4
-34%
(3)
N/A
(15)
-441%
(12)
+20%
(15)
-25%
(213)
-1 357%
(366)
-72%
(352)
+4%
(529)
-50%
(323)
+39%
(159)
+51%
(181)
-14%
(7)
+96%
(3)
+63%
(3)
N/A
(7)
-192%
(9)
-21%
15
N/A
3
-77%
5
+53%
4
-31%
(24)
N/A
(9)
+62%
1
N/A
5
+500%
8
+73%
15
+76%
15
-1%
17
+17%
18
+8%
(59)
N/A
(61)
-3%
(62)
-1%
(63)
-1%
2
N/A
3
+53%
(3)
N/A
9
N/A
13
+41%
10
-25%
85
+764%
67
-21%
73
+10%
99
+35%
19
-81%
14
-28%
13
-8%
(16)
N/A
(18)
-13%
(20)
-16%
(34)
-67%
Net Income
Tax Provision
(8)
(9)
(9)
(11)
(10)
(9)
(9)
(7)
(6)
(8)
(9)
(6)
(4)
(2)
(4)
(7)
(11)
(22)
(26)
(18)
(8)
7
22
26
18
14
0
(8)
(12)
(15)
(13)
(6)
6
5
6
0
(18)
(16)
(11)
16
20
20
20
(4)
(4)
(3)
(1)
4
1
1
80
66
64
107
29
40
47
6
(1)
(1)
(5)
(6)
27
32
34
38
8
7
3
1
2
34
32
30
26
(37)
(36)
(34)
(31)
(2)
(2)
(2)
(1)
0
1
(3)
(3)
(2)
(13)
(7)
(4)
(4)
7
6
4
9
Income from Continuing Operations
12
14
14
15
15
14
13
11
8
7
6
3
1
(2)
(2)
2
8
23
32
14
(6)
(28)
(52)
(64)
(48)
(46)
(24)
(2)
4
14
13
1
(77)
(72)
(75)
(65)
23
18
14
(22)
(27)
(26)
(30)
3
1
0
(3)
(11)
(11)
(14)
(133)
(300)
(288)
(422)
(294)
(119)
(134)
(0)
(4)
(3)
(13)
(14)
42
36
39
41
(16)
(2)
4
6
10
49
46
47
44
(96)
(97)
(96)
(93)
(0)
1
(4)
8
13
11
82
64
71
86
12
10
9
(9)
(12)
(16)
(25)
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
(1)
(1)
(2)
(3)
(3)
(4)
(4)
(3)
(3)
(3)
(3)
(5)
(5)
(4)
(5)
(5)
(6)
(6)
(6)
(5)
(5)
(5)
(5)
(4)
(4)
(3)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(4)
(3)
(2)
(1)
(1)
2
3
4
4
(0)
(0)
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(2)
(1)
Net Income (Common)
12
N/A
14
+15%
14
+1%
15
+9%
15
-1%
14
-8%
13
-4%
11
-17%
8
-32%
5
-28%
4
-20%
1
-72%
(0)
N/A
(2)
-467%
(3)
-76%
(3)
-7%
0
N/A
14
+4 400%
21
+56%
5
-77%
(15)
N/A
(38)
-163%
(62)
-60%
(73)
-19%
(225)
-208%
(223)
+1%
(200)
+10%
(174)
+13%
(5)
+97%
9
N/A
10
+5%
(7)
N/A
(83)
-1 137%
(77)
+7%
(69)
+11%
(313)
-356%
(229)
+27%
(236)
-3%
(56)
+76%
349
N/A
347
-1%
451
+30%
254
-44%
105
-59%
96
-8%
(2)
N/A
(5)
-143%
(10)
-102%
(10)
+8%
(18)
-87%
(141)
-694%
(309)
-119%
(301)
+3%
(440)
-46%
(312)
+29%
(132)
+58%
(148)
-12%
(14)
+90%
(18)
-24%
(25)
-42%
(26)
-2%
(32)
-24%
80
N/A
80
-1%
79
-1%
126
+59%
20
-84%
42
+115%
51
+21%
15
-70%
15
-2%
44
+194%
41
-6%
41
+0%
40
-4%
(99)
N/A
(99)
+1%
(97)
+2%
(94)
+3%
2
N/A
3
+59%
(1)
N/A
11
N/A
13
+17%
10
-23%
80
+690%
62
-23%
82
+33%
106
+29%
36
-66%
37
+3%
23
-36%
2
-94%
9
+491%
61
+583%
50
-17%
EPS (Diluted)
2.08
N/A
2.45
+18%
2.47
+1%
2.75
+11%
2.69
-2%
2.43
-10%
2.35
-3%
1.95
-17%
1.31
-33%
0.68
-48%
0.53
-22%
0.16
-70%
-0.03
N/A
-0.22
-633%
-0.32
-45%
-0.35
-9%
0.02
N/A
1.12
+5 500%
1.77
+58%
0.4
-77%
-1.23
N/A
-3.25
-164%
-5.17
-59%
-6.18
-20%
-17.58
-184%
-16.72
+5%
-14.92
+11%
-13.04
+13%
-0.38
+97%
0.66
N/A
0.69
+5%
-0.48
N/A
-5.92
-1 133%
-5.48
+7%
-4.91
+10%
-22.38
-356%
-16.02
+28%
-22.71
-42%
-6.08
+73%
32.62
N/A
37.32
+14%
48.5
+30%
27.33
-44%
11.24
-59%
10.23
-9%
-0.22
N/A
-0.54
-145%
-1.13
-109%
-1.05
+7%
-1.93
-84%
-15.53
-705%
-33.97
-119%
-32.33
+5%
-47.8
-48%
-32.88
+31%
-14.17
+57%
-15.71
-11%
-1.51
+90%
-1.87
-24%
-2.66
-42%
-2.69
-1%
-3.31
-23%
7.05
N/A
7.09
+1%
8.15
+15%
12.96
+59%
1.71
-87%
4.28
+150%
4.44
+4%
1.29
-71%
1.28
-1%
3.81
+198%
3.6
-6%
3.49
-3%
3.36
-4%
-9.33
N/A
-8.36
+10%
-8.22
+2%
-7.93
+4%
0.17
N/A
0.26
+53%
-0.08
N/A
0.9
N/A
1.07
+19%
0.82
-23%
6.38
+678%
5.02
-21%
6.5
+29%
8.14
+25%
2.84
-65%
2.89
+2%
1.73
-40%
0.11
-94%
0.69
+527%
4.71
+583%
3.91
-17%

See Also

Summary
EMMS intrinsic value, competitors valuation, and company profile.
DCF Valuation
EMMS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
EMMS stock valuation using valuation multiples.
Wall Street Estimates
EMMS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
EMMS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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