Townsquare Media, Inc. PP&E Disclosure
| Property Type | Depreciation Period in Years | |||||||
| Buildings and improvements | 10 to 39 years | |||||||
| Broadcasting equipment | 3 to 30 years | |||||||
| Computer and office equipment | 3 to 5 years | |||||||
| Furniture and fixtures | 5 to 10 years | |||||||
| Transportation equipment | 2 to 5 years | |||||||
| Software development costs | 1 to 3 years | |||||||
| Leasehold improvements | Shorter of the economic useful life or remaining term of lease assuming likely renewal periods, as appropriate | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
Land and improvements | $ | 18,268 | $ | 18,544 | |||||||
Buildings and leasehold improvements | 60,702 | 59,526 | |||||||||
Broadcast equipment | 115,224 | 111,253 | |||||||||
Computer and office equipment | 27,445 | 26,538 | |||||||||
Furniture and fixtures | 21,570 | 22,403 | |||||||||
Transportation equipment | 12,037 | 18,638 | |||||||||
Software development costs | 59,563 | 52,332 | |||||||||
Total property and equipment, gross | 314,809 | 309,234 | |||||||||
Less: Accumulated depreciation and amortization | (204,766) | (198,965) | |||||||||
Total property and equipment, net | $ | 110,043 | $ | 110,269 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.