Scripps Networks Interactive Inc - equity, debt and subsidiaries

Accuracy score :
97%

Scripps Networks Interactive Inc

Summary (from latest annual and quarterly report)

  • Total stockholders' equity : 2.67 billion USD
  • Market Cap is 10.2 billion USD ( the last price of the stock is 78.85 USD)
  • Scripps Networks Interactive, Inc. develops lifestyle oriented content for linear and interactive video platforms including television and the internet. It operates through the U.S. Networks and International Networks segments
  • Total stockholders' equity has increased from 1.9 billion USD in 2016 to 2.67 billion in 2017
  • Company has 115 million USD in cash on account (from latest quarterly report)
  • Total equity – cash on account = 2.67 billion USD – 115 million USD = 2.55 billion USD
  • In 2017 company has 2.66 billion USD long-term debt, short -term debt is zero (In 2016 total debt was 3.2 billion USD)
  • Company's revenue increased in 2016 to 3.4 billion USD from 3.01 billion in 2015
  • Net income in 2016 was 674 million USD, Net income in 2015 was 607 million USD
  • In 2016 company paid 130 million USD dividend to its shareholders

Opinion about the company

Fundamentally it is a very good company and in the future we can expect its growth (Total debt is 2.66 billion USD, company has 115 million USD in cash on account, ROE is around 26%).

Scripps Networks Interactive

Scripps Networks Interactive Inc. is an American media company formed on July 1, 2008, when the E. W. Scripps Company spun off its cable television division as a publicly traded company. The company has additional office locations in New York City; Los Angeles; Chicago; San Francisco; Chevy Chase, Maryland; Atlanta; Detroit; Nashville; Cincinnati; and offices in São Paulo (Brazil), London (UK) and Singapore. Scripps Networks Interactive, Inc. develops lifestyle oriented content for linear and interactive video platforms including television and the internet. It operates through the U.S. Networks and International Networks segments. The U.S. Networks segment refers to the six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country as well as websites associated with television brands and other internet and mobile businesses serving home, food, travel and other lifestyle-related categories. Scripps Networks Interactive reaches to over 90 million households in the U.S. The International Networks segment relates to the TVN portfolio of networks and other lifestyle-oriented networks available in the United Kingdom, other European markets, the Middle East and Africa, Asia and the Pacific, and Latin America.

Consolidated operating revenues increased $383.2 million, or 12.7 percent, in 2016 compared with 2015 and $352.8 million, or 13.2 percent, in 2015 compared with 2014. The growth in year-over-year consolidating operating revenues in 2016 compared with 2015 was partially attributed to the inclusion of TVN’s results for the entire twelve months in 2016 compared with only six months in 2015, while the growth in year-over-year consolidated operating revenues in 2015 compared with 2014 was partially attributed to the inclusion of TVN’s results for six months in 2015 compared with not at all in 2014.

  • Although the international business experienced growth, primarily through the acquisition of TVN, U.S. Networks continues to account for the majority of the Company’s performance. U.S. Networks generated operating revenues of $2,871.4 million, representing 84.4 percent of consolidated operating revenues, for the year ended December 31, 2016 compared with $2,716.7 million, representing 90.0 percent of consolidated operating revenues, for the year ended December 31, 2015 and $2,588.4 million, representing 97.1 percent of consolidated operating revenues, for the year ended December 31, 2014
  • International Networks generated operating revenues of $557.1 million, representing 16.4 percent of consolidated operating revenues, for the year ended December 31, 2016 compared with $327.9 million, representing 10.9 percent of consolidated operating revenues, for the year ended December 31, 2015 and $90.2 million, representing 3.4 percent of consolidated operating revenues, for the year ended December 31, 2014

Scripps Networks Interactive subsidiaries and acquisitions :

  • The company acquired a majority interest in the Travel Channel from Cox Communications for a reported $975 million in late 2009 and the following year rebranded Fine Living Network as Cooking Channel
  • In 2011, Virgin Media agreed to sell its 50% stake in UKTV to the company in a deal worth $495 million
  • On March 22, 2012, the company announced that it had agreed to pay $102.7 million to acquire Travel Channel International Limited, the UK-based distributor of the Travel Channel brand across the Europe, Middle East, Africa and Asia Pacific markets. The deal was completed on May 1, 2012 following regulatory approval
  • The company purchased a 52.7% controlling interest in Polish broadcaster, TVN, in March 2015 for $615.3 million from ITI Group and French media giant Vivendi. TVN operates 12 channels in Poland, including TVN, TVN24 and TVN24 Biznes I ?wiat
  • The company acquired Spoon University in May 2017. Spoon University is being valued at roughly $10 million in the deal
  • In last several years, Scripps Networks has invested around $60 million in several startups

Total = 2.25 billion usd

  • On July 31, 2017, Scripps Networks and Discovery Communications announced that the latter will acquire the former in a $14.6 billion cash and stock deal
  • The company has launched Food Network in the United Kingdom and other European markets as well as in the Middle East and Africa. It is also preparing to launch Food Network in Indonesia, bringing the channel to five countries in Asia in one year’s time. Its channels are also available through outlets on U.S. military bases and U.S. embassies around the world via the American Forces Network
  • The company owns approximately 621,000 square feet of office space, including its corporate headquarters in Knoxville, TN and its TVN headquarters in Warsaw, Poland. Additionally, the company leases approximately 820,000 square feet of other facilities to support its global operations in other locations, including New York, NY, Washington D.C., Miami, FL, London, England, Sao Paulo, Brazil and Singapore