The New York Times Company

Entertainment & Publishing magazine media news newspaper

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various media worldwide. The Company publishes The New York Times (The Times), a daily and Sunday newspaper in the United States available in print, online, and through other digital platforms; the International New York Times, an international edition of The Times for global audiences; and NYTimes.com and international.nytimes.com. It also transmits articles, graphics, and photographs from The Times and other publications, magazines, and websites; and offers product licensing, book development, and rights and permissions, as well as is involved in online retail store business. In addition, the Company is engaged in conferences business, a platform for its live journalism; and digital archive distribution, which licenses electronic archive databases to resellers of that information in the business, professional, and library markets.

Revenue(FY, 2016)

$1.6 B

Market capitalization(2018-04-20)

$3.7 B

Monthly Unique Visitors(FY, 2017)

136 M

Type

Public

New York, US

Founded

1851

Size (employees)

3,710 (est)

Website

nytimes.com

The New York Times Company was founded in 1851 and is headquartered in New York, US

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Key People/Management at The New York Times Company

James Follo

Executive Vice President Chief Financial Officer

Roland Caputo

Executive Vice President, Print Products & Services Group

Diane Brayton

Executive Vice President, General Counsel and Secretary

Dean Baquet

Executive Editor The New York Times

Joseph Kahn

Managing Editor The New York Times

William Bardeen

Senior Vice President, Strategy & Development

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The New York Times Company Office Locations

The New York Times Company has offices in New York, Paris, Hong Kong and London

New York, US (HQ)

620 Eighth Avenue

Paris, FR

Immeuble le Lavoisier, 4, place des Vosges, 92400 Courbevoie

Hong Kong, HK

1706 K. Wah Centre, 191 Java Road, North Point

London, GB

1 New Oxford Street

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The New York Times Company Financials and Metrics

The New York Times Company Financials

The New York Times Company's revenue was reported to be $1.56 b in FY, 2016 which is a 1.5% decrease from the previous period.

Summary

USD
Revenue (Q3, 2017)	385.6 m
Gross profit (Q3, 2017)	235.7 m
Gross profit margin (Q3, 2017), %	61.1%
Net income (Q3, 2017)	32.3 m
EBIT (Q3, 2017)	33 m
Market capitalization (20-Apr-2018)	3.7 b
Cash (24-Sep-2017)	244.7 m
EV	3.7 b

The New York Times Company's current market capitalization is $3.7 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	1.6 b	1.6 b	1.6 b
Revenue growth, %	1%	(1%)	(2%)
Cost of goods sold	644 m	617.8 m	628.1 m
Gross profit	944.5 m	961.4 m	927.2 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	384.2 m	382.9 m	367.4 m	379.5 m	372.6 m	363.5 m	398.8 m	407.1 m	385.6 m
Cost of goods sold	156.6 m	152.8 m	152 m	157.9 m	152.7 m	156.6 m	153.2 m	149.3 m	149.9 m
Gross profit	227.6 m	230.1 m	215.4 m	221.7 m	219.9 m	206.9 m	245.6 m	257.8 m	235.7 m
Gross profit Margin, %	59%	60%	59%	58%	59%	57%	62%	63%	61%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Cash	176.6 m	105.8 m	100.7 m
Accounts Receivable	212.7 m	207.2 m	197.4 m
Prepaid Expenses	25.6 m	19.4 m	15.9 m
Current Assets	1.1 b	862.5 m	796.2 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	266.2 m	155 m	144.6 m	185.7 m	400.1 m	156.9 m	151 m	204.1 m	244.7 m
Accounts Receivable	165.9 m	154.6 m	157.6 m	170 m	150 m	152.6 m	176.9 m	149.6 m	142.3 m
Prepaid Expenses	26.2 m	23.5 m	22 m	21.5 m	15.2 m	14.1 m	16.8 m	13.5 m	17.9 m
Current Assets	94.4 m	922.7 m	914.1 m	846.1 m	939.1 m	962.8 m	767.9 m	775.4 m	767.8 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	32.3 m	62.8 m	23.8 m
Depreciation and Amortization	79.5 m	61.6 m	61.7 m
Accounts Payable	(33.9 m)	(22.8 m)	(32.3 m)
Cash From Operating Activities	80.5 m	175.3 m	94.2 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	(14.4 m)	1.8 m	11.2 m	(13.6 m)	(14.1 m)	(13.8 m)	13.1 m	28.7 m	64.7 m
Depreciation and Amortization	14.8 m	30.7 m	46 m	15.5 m	30.6 m	46 m	16.2 m	31.3 m	47 m
Accounts Payable	(98.5 m)	(87.6 m)	(76.6 m)	(94.4 m)	(78.6 m)	(45.5 m)	(35 m)	(20.4 m)	12.5 m
Cash From Operating Activities	11.1 m	65.7 m	108 m	(20.7 m)	31.5 m	76.1 m	30.1 m	99.5 m	147.9 m

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Ratios

USD	Y, 2017
EV/EBIT	110.9 x
EV/CFO	24.7 x
EV/FCF	36.6 x
Revenue/Employee	103.9 k
Debt/Equity	0.3 x
Debt/Assets	0.1 x
Financial Leverage	2.4 x

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The New York Times Company Operating Metrics

The New York Times Company's Monthly Unique Visitors was reported to be 136 m in FY, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q4, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q4, 2016	FY, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q4, 2017	FY, 2017
Digital News Subscribers	910 k	960 k	990 k	1.04 m	1.09 m	1.09 m	1.16 m	1.21 m	1.33 m	1.61 m	1.61 m	1.92 m	2.03 m	2.13 m		2.23 m
Net Addition in Digital News Subscribers		50 k	30 k	50 k	50 k		70 k	50 k	120 k	280 k		310 k	110 k		157 k
Monthly Unique Visitors (US)	31 m					62 m					85 m					97 m
Monthly Unique Visitors	42 m										122 m					136 m

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The New York Times Company Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
Beijing Shixun Zhihua Consulting Co. LTD.
NYT Group Services, LLC
New York Times Limited
NYT B.V.
International Herald Tribune U.S. Inc.
The Herald Tribune - Ha’aretz Partnership
NYT Hong Kong Limited
NYT Japan GK
The New York Times Distribution Corporation
NYT Germany GmbH