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The E W Scripps Co (The E W Scripps Co) Net Income : $-948 Mil (TTM As of Dec. 2023)


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What is The E W Scripps Co Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. The E W Scripps Co's Net Income for the three months ended in Dec. 2023 was $-256 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-948 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. The E W Scripps Co's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-3.17.


The E W Scripps Co Net Income Historical Data

The historical data trend for The E W Scripps Co's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The E W Scripps Co Net Income Chart

The E W Scripps Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.38 269.33 122.71 195.90 -947.78

The E W Scripps Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.55 -18.54 -669.83 -3.65 -255.76

The E W Scripps Co Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

The E W Scripps Co's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-967.511+19.727+0+0
=-948

The E W Scripps Co's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-258.48+2.718+0+2.8421709430404E-14
=-256

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-948 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The E W Scripps Co  (NAS:SSP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

The E W Scripps Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


The E W Scripps Co Net Income Related Terms

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The E W Scripps Co (The E W Scripps Co) Business Description

Traded in Other Exchanges
Address
312 Walnut Street, Suite 2800, Scripps Center, Cincinnati, OH, USA, 45202
The E W Scripps Co is a media enterprise with interests in local and national media brands. It owns and operates a collection of daily and community newspapers, primarily in medium-sized cities in the southern and western portions of the United States. The company's operating segment includes Local Media, Scripps Networks, and Other. It generates maximum revenue from the Local Media segment. The Local Media segment includes approximately 61 local broadcast stations and their related digital operations.
Executives
John Patrick Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Elizabeth Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Kate O'brian officer: EVP, News 312 WALNUT STREET, 28H FLOOR, CINCINNATI OH 45202
Lisa A Knutson officer: Senior VP of Human Resources 312 WALNUT STREET, 28TH FLOOR, CINCINNATI OH 45202
Granado Corina S. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Geraldine Scripps Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Granado Raymundo H. Jr. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Anthony S. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Ellen B. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Manuel E. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Eli W Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
William A. Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Gerald J. Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Sanchez Mary Ann S. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Monica Holcomb 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE., SUITE 400, FT MITCHELL KY 41017