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Date: Thu, 18 Dec 1997 23:49:54 GMT
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LIN Television Corp. 3rd Quarter 1997 Supplemental Financial Data
LIN TELEVISION CORPORATION
SUPPLEMENTAL FINANCIAL DATA
CONSOLIDATED STATEMENTS OF OPERATIONS AND BROADCAST CASH FLOW
(In thousands)
(Unaudited)
12 Months
Ended Third Second First Fourth Third
Sept 30, Quarter Quarter Quarter Quarter Quarter
1997 1997 1997 1997 1996 1996
Net revenues .......................................................................$ 288,350 $ 71,911 $ 83,305 $ 61,662 $ 71,472 $ 68,780
Operating costs and expenses:
Direct operating expenses ........................................................ 70,752 19,561 20,465 16,068 14,658 19,635
S, G & A ......................................................................... 63,521 15,142 17,918 16,325 14,136 14,990
Corporate ........................................................................ 7,070 1,751 1,852 1,698 1,769 1,921
Amortization of program rights.................................................... 15,246 4,025 3,601 4,058 3,562 3,492
Depreciation and amortization of intangible assets............... 23,832 6,303 6,304 6,396 4,829 6,364
Tower write-offs......................................................... 2,697 - 2,697 - - -
Total operating expenses .......................................................... 183,118 46,782 52,837 44,545 38,954 46,402
Operating income ...................................................................$ 105,232 $ 25,129 $ 30,468 $ 17,117 $ 32,518 $ 22,378
Broadcast cash flow ................................................................$ 142,226 $ 34,618 $ 42,078 $ 25,817 $ 39,713 $ 31,176
Broadcast cash flow as a percentage
of net revenues .................................................................. 49% 48% 51% 42% 56% 45%
Net revenues Core business $ 252,264 $ 59,642 $ 70,094 $ 56,258 $ 66,270 $ 60,698
LMA's 36,086 12,269 13,211 5,404 5,202 8,082
Total net revenues $ 288,350 $ 71,911 $ 83,305 $ 61,662 $ 71,472 $ 68,780
Broadcast cash flow Core business $ 135,539 $ 31,707 $ 39,262 $ 25,617 $ 38,953 $ 31,702
LMA's 6,687 2,911 2,816 200 760 (526)
Total broadcast cash$ 142,226 $ 34,618 $ 42,078 $ 25,817 $ 39,713 $ 31,176