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Time Revenue

Time revenue was $3.08 b in FY, 2016 which is a 0.9% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

1922
Time is a subsidiary of Meredith

Time Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

3.3b3.1b3.1b

Revenue growth, %

(5%)(1%)

Cost of goods sold

1.3b1.2b1.3b

Gross profit

2.0b1.9b1.8b

Gross profit Margin, %

61%61%58%

General and administrative expense

1.6b1.6b1.4b

Operating expense total

1.8b2.7b1.8b

Depreciation and amortization

78.0m80.0m83.0m

EBIT

180.0m(823.0m)2.0m

EBIT margin, %

5%(27%)0%

Interest expense

51.0m77.0m68.0m

Interest income

2.0m

Investment income

(20.0m)

Pre tax profit

123.0m(902.0m)(81.0m)

Income tax expense

36.0m(21.0m)(33.0m)

Net Income

87.0m(881.0m)(48.0m)

Time Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

519.0m651.0m296.0m

Accounts Receivable

488.0m

Prepaid Expenses

117.0m

Inventories

48.0m187.0m110.0m

Current Assets

1.3b1.4b1.0b

PP&E

369.0m267.0m304.0m

Goodwill

3.1b2.0b2.1b

Total Assets

5.9b4.9b4.3b

Accounts Payable

246.0m884.5m

Short-term debt

7.0m7.0m7.0m

Current Liabilities

1.1b1.1b1.0b

Long-term debt

1.4b1.3b1.2b

Total Debt

1.4b1.3b1.2b

Common Stock

1.0m

Preferred Stock

Additional Paid-in Capital

12.7b12.6b12.5b

Retained Earnings

(9.6b)(10.6b)(10.7b)

Total Equity

2.9b1.8b1.4b

Debt to Equity Ratio

0.7 x0.9 x

Debt to Assets Ratio

0.3 x0.3 x

Financial Leverage

2.1 x2.7 x3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

51.0m204.0m325.0m458.0m338.0m265.0m340.0m320.0m244.0m241.0m269.0m332.0m

Accounts Receivable

414.0m383.0m407.0m413.0m414.0m428.0m470.0m431.0m456.0m427.0m417.0m409.0m

Prepaid Expenses

133.0m113.0m129.0m141.0m157.0m186.0m183.0m162.0m140.0m132.0m133.0m125.0m

Inventories

63.0m62.0m59.0m42.0m42.0m42.0m34.0m33.0m38.0m30.0m27.0m29.0m

Current Assets

736.0m911.0m1.0b1.1b1.1b1.0b1.1b1.0b938.0m870.0m846.0m895.0m

PP&E

494.0m475.0m442.0m341.0m394.0m439.0m286.0m300.0m296.0m311.0m315.0m311.0m

Goodwill

3.2b3.2b3.1b3.1b3.2b2.2b2.0b2.0b2.1b2.1b2.0b2.0b

Total Assets

5.6b5.8b5.8b5.7b5.8b4.9b4.6b4.5b4.3b4.2b4.1b4.1b

Accounts Payable

182.0m205.0m232.0m215.0m220.0m240.0m217.0m227.0m225.0m513.0m531.0m535.0m

Short-term debt

7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m7.0m

Current Liabilities

967.0m1.0b1.0b990.0m994.0m1.0b963.0m946.0m991.0m940.0m934.0m928.0m

Long-term debt

38.0m1.4b1.4b1.4b1.4b1.4b1.3b1.2b1.2b1.2b1.2b1.2b

Total Debt

38.0m1.4b1.4b1.4b1.4b1.4b1.3b1.2b1.2b1.2b1.2b1.2b

Common Stock

1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m

Preferred Stock

Additional Paid-in Capital

12.7b12.7b12.6b12.6b12.6b12.6b12.6b12.6b12.5b12.5b12.5b

Retained Earnings

(9.8b)(9.8b)(9.6b)(9.6b)(10.5b)(10.6b)(10.7b)(10.8b)(10.8b)(10.8b)(10.8b)

Total Equity

4.0b2.8b2.8b2.8b2.9b1.9b1.7b1.7b1.5b1.4b1.4b1.4b

Debt to Equity Ratio

0 x0.5 x0.5 x0.5 x0.7 x0.7 x0.7 x0.8 x0.9 x0.9 x0.9 x

Debt to Assets Ratio

0 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

1.4 x2.1 x2.1 x2 x2 x2.6 x2.7 x2.7 x2.8 x3 x3 x3 x

Time Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

87.0m(48.0m)

Depreciation and Amortization

78.0m83.0m

Inventories

3.0m

Accounts Payable

452.1k(72.0m)

Cash From Operating Activities

473.0m132.0m

Capital Expenditures

(101.0m)

Dividends Paid

(77.0m)

Time Ratios

USDQ1, 2014

Financial Leverage

1.4 x