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A. H. Belo Corp (AHC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

A. H. Belo Corp

CIK: 1413898 Ticker: AHC

Exhibit 99.1

Picture 2



A. H. Belo Corporation Announces Fourth Quarter and Full Year 2020 Financial Results



DALLAS –  A. H. Belo Corporation (NYSE: AHC) today reported a  fourth quarter 2020 net loss of $1.7 million, or $(0.08) per share, and an operating loss of $4.0 million.  In the fourth quarter of 2019,  the Company reported a net loss of  $1.1 million, or $(0.05) per share, and an operating loss of $2.4 million.

For the fourth quarter of 2020, on a non-GAAP basis, A. H. Belo reported operating income adjusted for certain items (adjusted operating income (loss))  of $0.5 million, an improvement of $0.4 million when compared to adjusted operating income of  $0.1 million reported in the fourth quarter of 2019.

For the full year 2020, the Company reported a net loss of $6.9 million, or $(0.32) per share, and an operating loss of $15.6 million.  For the full year 2019, the Company reported net income of $9.3 million, or $0.43 per fully diluted share, and operating income of $9.5 million. 2019 income was driven by a pretax gain of $25.9 million from the sale of real estate previously used as the Company’s headquarters.

For the full year 2020, on a non-GAAP basis, the Company reported an adjusted operating loss of $4.9 million, a decline of $2.8 million when compared to an adjusted operating loss of  $2.1 million reported for the full year 2019.

Robert W. Decherd, chairman, president and Chief Executive Officer, said, The Company's business activities stabilized to some extent in the second half of 2020 as the effects of the pandemic became clearer, enabling our management teams to make further operating adjustments that will enable A. H. Belo and The Dallas Morning News to carry on during another year of challenging conditions in 2021. The Board views these two calendar years as a single time frame during which the Company is responding ably to significant revenue and market pressures.


The following information was filed by A. H. Belo Corp (AHC) on Monday, March 8, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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A. H. Belo Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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Inside A. H. Belo Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Acquisitions
Acquisitions (Finalized Allocation Of Purchase Price) (Details)
Acquisitions (Narrative) (Details)
Acquisitions (Tables)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Disposal Of Assets
Disposal Of Assets (Narrative) (Details)
Earnings Per Share
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Schedule Of Earnings Per Share Reconciliation) (Details)
Earnings Per Share (Tables)
Income Taxes
Income Taxes (Narrative) (Details)
Income Taxes (Schedule Of Components Of Income Tax Provision (Benefit)) (Details)
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details)
Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details)
Income Taxes (Schedule Of Unrecognized Tax Positions) (Details)
Income Taxes (Tables)
Intangible Assets
Intangible Assets (Narrative) (Details)
Intangible Assets (Schedule Of Identifiable Intangible Assets) (Details)
Intangible Assets (Tables)
Leases
Leases (Narrative) (Details)
Leases (Schedule Of Components Of Lease Cost And Supplemental Cash Flow Information For Leases) (Details)
Leases (Schedule Of Remaining Maturities Of Lease Liabilities) (Details)
Leases (Schedule Of Supplemental Consolidated Balance Sheet Information For Leases) (Details)
Leases (Tables)
Pension And Other Retirement Plans
Pension And Other Retirement Plans (Narrative) (Details)
Pension And Other Retirement Plans (Schedule Of Defined Benefit Plans Disclosures) (Details)
Pension And Other Retirement Plans (Schedule Of Expected Benefit Payments) (Details)
Pension And Other Retirement Plans (Schedule Of Fair Value And Allocation Of Plan Assets) (Details)
Pension And Other Retirement Plans (Schedule Of Net Periodic Pension Benefit) (Details)
Pension And Other Retirement Plans (Tables)
Related Party Transactions
Related Party Transactions (Narrative) (Details)
Revenue
Revenue (Disaggregated By Revenue Source) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Segment Reporting
Segment Reporting (Narrative) (Details)
Shareholders' Equity
Shareholders' Equity (Changes In Accumulated Other Comprehensive Loss) (Details)
Shareholders' Equity (Narrative) (Details)
Shareholders' Equity (Tables)
Significant Accounting Policies And Recently Issued Accounting Standards
Significant Accounting Policies And Recently Issued Accounting Standards (Narrative) (Details)
Significant Accounting Policies And Recently Issued Accounting Standards (Policy)
Significant Accounting Policies And Recently Issued Accounting Standards (Property, Plant And Equipment By Type) (Details)
Significant Accounting Policies And Recently Issued Accounting Standards (Tables)
Subsequent Events
Subsequent Events (Narrative) (Details)
Supplemental Cash Flow Data
Supplemental Cash Flow Data (Supplemental Disclosures Of Cash Flows) (Details)
Supplemental Cash Flow Data (Tables)
Ticker: AHC
CIK: 1413898
Form Type: 10-K Annual Report
Accession Number: 0001413898-21-000012
Submitted to the SEC: Wed Mar 10 2021 6:45:10 PM EST
Accepted by the SEC: Thu Mar 11 2021
Period: Thursday, December 31, 2020
Industry: Newspapers Publishing Or Publishing And Printing

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