Emmis Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Feb '20 Feb 29, 2020	Feb '19 Feb 28, 2019	Feb '18 Feb 28, 2018	Feb '17 Feb 28, 2017	Feb '16 Feb 29, 2016
Net Income	50.49	23.35	82.13	13.12	2.11
Depreciation & Amortization	1.13	1.39	3.63	4.81	5.8
Other Amortization	0.39	1.2	2.54	1.66	1.67
Loss (Gain) From Sale of Assets	12.14	-31.82	-76.67	-23.43	0.06
Asset Writedown & Restructuring Costs	6.48	0.85	0.27	9.84	9.5
Loss (Gain) From Sale of Investments	-	-	-	0.25	-
Loss (Gain) on Equity Investments	0.78	-	-	-	-
Stock-Based Compensation	1.45	1.47	2.65	2.92	4.9
Provision & Write-off of Bad Debts	0.19	0.25	0.7	0.38	0.63
Other Operating Activities	-7.4	-3.03	-6.35	1.29	0.43
Change in Accounts Receivable	-1.54	3.66	5.19	3.46	1.8
Change in Accounts Payable	-1.78	-4.2	-9.7	5.13	-1.24
Change in Unearned Revenue	0.44	-0.02	-0.46	-0.29	-0.13
Change in Income Taxes	-9.28	13.98	-0.12	-0.08	-0.12
Change in Other Net Operating Assets	-18.63	0.47	-3.87	0.21	-0.28
Operating Cash Flow	-12.65	7.74	-0.07	19.26	25.11
Operating Cash Flow Growth	-	-	-	-23.31%	36.08%
Capital Expenditures	-0.32	-0.23	-1.81	-2.85	-3.39
Sale of Property, Plant & Equipment	-	60.17	80.24	31.98	-
Investment in Securities	-	-	-	-	0.11
Other Investing Activities	129.79	-0.29	-	0.02	-
Investing Cash Flow	129.47	59.65	78.43	29.15	-3.28
Long-Term Debt Issued	27	2.5	21.69	21.35	11
Long-Term Debt Repaid	-46.55	-62.54	-100.83	-55.97	-24.23
Net Debt Issued (Repaid)	-19.55	-60.04	-79.14	-34.62	-13.23
Issuance of Common Stock	0.81	0.37	0.13	0.12	0.13
Other Financing Activities	-3.27	-5.9	-6.9	-6.15	-7.95
Financing Cash Flow	-22.02	-65.57	-85.91	-40.66	-21.05
Miscellaneous Cash Flow Adjustments	1.1	-1.1	-	-	-
Net Cash Flow	95.9	0.73	-7.56	7.75	0.79
Free Cash Flow	-12.97	7.51	-1.88	16.41	21.73
Free Cash Flow Growth	-	-	-	-24.46%	45.40%
Free Cash Flow Margin	-32.66%	18.83%	-1.27%	7.65%	9.39%
Free Cash Flow Per Share	-1.01	0.56	-0.15	1.34	1.92
Cash Interest Paid	4.01	5.77	13.33	15.62	16.74
Cash Income Tax Paid	11.48	-0.47	2.64	0.11	0.22
Levered Free Cash Flow	-14.49	31.28	-28.38	16.14	18.17
Unlevered Free Cash Flow	-12.49	34.55	-21.45	25.74	28.35
Change in Working Capital	-30.78	13.89	-8.97	8.43	0.03

Updated May 14, 2020. Source: S&P Global Market Intelligence. Standard template. Financial Sources.