Meredith

Meredith Corporation is the leading media and marketing company serving 100 million Americans every month through multiple well-known national brands and local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, food, health and agriculture. Meredith uses multiple distribution platforms – including print, television, digital, mobile, tablets, and video – to give consumers content they desire and to deliver the messages of its advertising and marketing partners. Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. Meredith Xcelerated Marketing has significantly added to its capabilities in recent years through the acquisition of cutting-edge companies in digital, mobile, social, healthcare, database, and international marketing.
Type
Subsidiary
Parent Company
Media General
HQ
Des Moines, US
Founded
1902
Meredith was founded in 1902 and is headquartered in Des Moines, US

Meredith Office Locations

Meredith has offices in Des Moines, New York, Charleston, Chicago and in 22 other locations
Des Moines, US (HQ)
1716 Locust St
Seattle, US
500 413 Pine St
Northampton, US
47 Pleasant St
Los Angeles, US
500 Cornerstone Plaza 1990 S Bundy Dr
Troy, US
150 Wilshire Plaza West 1050 Wilshire Dr
Chicago, US
333 N Michigan Ave
Charleston, US
161 Seven Farms Drive
New York, US
805 3rd Ave

Meredith Data and Metrics

Meredith Summary

Founding Date

1902
Meredith is a subsidiary of Media General

Meredith Financial Metrics

Meredith's revenue was reported to be $1.6 b in FY, 2016 which is a 3% increase from the previous period.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.6 b1.6 b

Revenue growth, %

9%3%

Operating expense total

1.3 b1.4 b1.5 b

EBIT

186.5 m242.1 m130.6 m

EBIT margin, %

13%15%8%

Interest expense

12.2 m19.4 m20.4 m

Interest income

10 k

Pre tax profit

174.3 m222.8 m110.2 m

Income tax expense

(60.8 m)(86 m)(76.3 m)

Net Income

113.5 m136.8 m33.9 m
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

36.6 m22.8 m25 m

Accounts Receivable

257.6 m284.6 m273.9 m

Inventories

24 m24.7 m20.7 m

Current Assets

470 m482.5 m481.2 m

Goodwill

841.6 m1 b883.1 m

Total Assets

2.5 b2.8 b2.6 b

Accounts Payable

81.4 m93.9 m82.1 m

Total Debt

715 m795 m695 m

Current Liabilities

483.1 m531 m477.9 m

Additional Paid-in Capital

41.9 m49 m54.3 m

Retained Earnings

814.1 m870.9 m818.7 m

Total Equity

891.7 m951.9 m889 m

Debt to Equity Ratio

0.8 x0.8 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

2.9 x3 x3 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

113.5 m136.8 m33.9 m

Depreciation and Amortization

59.9 m57.8 m59.2 m

Accounts Receivable

(2.4 m)(19 m)10.7 m

Inventories

4.1 m(1 m)3.5 m

Accounts Payable

1.6 m10 m(11.9 m)

Cash From Operating Activities

178.1 m192.3 m226.6 m

Cash From Investing Activities

(442.3 m)(206.8 m)(31.5 m)

Long-term Borrowings

(301 m)(390 m)(267.5 m)

Dividends Paid

(75.4 m)(80 m)(86.1 m)

Cash From Financing Activities

273.1 m740 k(193 m)

Interest Paid

11.3 m19.1 m20.2 m

Income Taxes Paid

35 m40.4 m73 m

Meredith Median Salaries

Source: 16 public H-1B filings from Meredith

Meredith Online and Social Media Presence

Meredith News and Updates

Meredith Company Life and Culture

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