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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash $ 49,477 $ 134,471
Accounts receivable, net of allowance for doubtful accounts of $771 and $919, respectively 33,738 35,955
Due from related parties 925 943
Programming rights 10,938 8,301
Prepaid expenses 7,767 6,907
Other current assets 23,519 2,391
Total current assets 126,364 188,968
Programming rights, net of current portion 20,955 13,430
Property and equipment, net 31,554 31,798
Operating lease right-of-use assets 1,281 1,820
Broadcast license 41,356 41,356
Goodwill 231,710 165,597
Other intangibles, net 115,110 24,761
Equity method investments 24,171 29,782
Other assets 7,410 4,333
Total Assets 599,911 501,845
Current Liabilities    
Accounts payable 11,533 2,350
Due to related parties 1,646 648
Accrued agency commissions 7,729 6,529
Accrued compensation and benefits 7,031 5,934
Accrued marketing 8,238 7,066
Other accrued expenses 12,706 7,498
Deferred revenue 7,400 639
Programming rights payable 12,979 7,626
Income taxes payable 1,353 2,233
Current portion of long-term debt 2,656 2,134
Total current liabilities 73,271 42,657
Programming rights payable, net of current portion 2,820 776
Long-term debt, net of current portion 246,919 200,856
Deferred income taxes 22,427 19,306
Defined benefit pension obligation 2,895 2,832
Other long-term liabilities 2,031 3,932
Total Liabilities 350,363 270,359
Stockholders' Equity    
Preferred stock, $0.0001 par value; 50,000,000 shares authorized; 0 shares issued at December 31, 2021 and December 31, 2020
Additional paid-in capital 288,703 279,800
Retained earnings 26,352 14,840
Accumulated other comprehensive loss (732) (2,187)
Total Hemisphere Media Group Stockholders' Equity 249,548 231,005
Equity attributable to non-controlling interest   481
Total Stockholders' Equity 249,548 231,486
Total Liabilities and Stockholders' Equity 599,911 501,845
Common Class A    
Stockholders' Equity    
Common stock 3 3
Class A treasury stock, at cost 6,003,139 and 5,710,416 at December 31, 2021 and 2020, respectively (64,780) (61,453)
Common Class B    
Stockholders' Equity    
Common stock $ 2 $ 2