Reservoir Media Files 2024 10-K: Assets $648M, Liabilities $64M

TL;DR

REVR 10-K filed: $648M assets, $64M liabilities as of Mar 31, 2024. Equity detailed.

AI Summary

Reservoir Media, Inc. filed its 10-K for the fiscal year ending March 31, 2024. The company reported total assets of $648.3 million and total liabilities of $64.4 million as of March 31, 2024. Key equity components include Retained Earnings, Noncontrolling Interest, Additional Paid-In Capital, and Accumulated Other Comprehensive Income, with figures provided for fiscal years 2022, 2023, and 2024.

Why It Matters

This filing provides a comprehensive overview of Reservoir Media's financial health and performance for the fiscal year, offering insights into its asset base, liabilities, and equity structure for investors and analysts.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.

Key Numbers

• $648.3M — Total Assets (As of March 31, 2024, indicating the company's total resources.)
• $64.4M — Total Liabilities (As of March 31, 2024, representing the company's total obligations.)

Key Players & Entities

• Reservoir Media, Inc. (company) — Filer of the 10-K
• 20240331 (date) — Fiscal year end
• 20240530 (date) — Filing date
• $648,268,64 (dollar_amount) — Total assets as of March 31, 2024
• $64,441,244 (dollar_amount) — Total liabilities as of March 31, 2024

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common Stock, $0.0001 par value per share (the " Common Stock
• $11.50 — n Stock, each at an exercise price of $11.50 per share RSVRW The Nasdaq Stock Mar
• $96.2 million — hing business contributed approximately $96.2 million to our revenues for the year ended Marc
• $42.4 million — usic business contributed approximately $42.4 million to our revenues for the year ended Marc
• $659.9 million — ve deployed and committed approximately $659.9 million in capital through acquisitions and fro
• $14 billion — ing grew by 11.2% in 2023, representing $14 billion of revenue. This growth has been driven
• $28.6 billion — 10.2% year-over-year growth overall to $28.6 billion. In addition to their growing popular
• $9.0 billion — the music publishing industry generated $9.0 billion in revenues worldwide in 2023, represen

Filing Documents

• rsvr-20240331x10k.htm (10-K) — 2139KB
• rsvr-20240331xex21d1.htm (EX-21.1) — 24KB
• rsvr-20240331xex23d1.htm (EX-23.1) — 3KB
• rsvr-20240331xex31d1.htm (EX-31.1) — 13KB
• rsvr-20240331xex31d2.htm (EX-31.2) — 14KB
• rsvr-20240331xex32d1.htm (EX-32.1) — 7KB
• rsvr-20240331xex32d2.htm (EX-32.2) — 7KB
• rsvr-20240331xex97d1.htm (EX-97.1) — 41KB
• 0001410578-24-000975.txt ( ) — 8672KB
• rsvr-20240331.xsd (EX-101.SCH) — 56KB
• rsvr-20240331_cal.xml (EX-101.CAL) — 77KB
• rsvr-20240331_def.xml (EX-101.DEF) — 206KB
• rsvr-20240331_lab.xml (EX-101.LAB) — 559KB
• rsvr-20240331_pre.xml (EX-101.PRE) — 408KB
• rsvr-20240331x10k_htm.xml (XML) — 1288KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 29 Item 1C . Cybersecurity 29 Item 2.

Properties

Properties 30 Item 3.

Legal Proceedings

Legal Proceedings 30 Item 4. Mine Safety Disclosures 30 PART II 31 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31 Item 6. [Reserved] 31 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 48 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 77 Item 9A.

Controls and Procedures

Controls and Procedures . 77 Item 9B. Other Information 79 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 79 PART III 80 Item 10. Directors, Executive Officers and Corporate Governance 80 Item 11.

Executive Compensation

Executive Compensation 80 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80 Item 13. Certain Relationships and Related Transactions, Director Independence 80 Item 14. Principal Accounting Fees and Services 80 Part IV 81 Item 15. Exhibits and Financial Statement Schedules 81 Item 16. Form 10-K Summary 83

SIGNATURES

SIGNATURES 84 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10 - K of Reservoir Media, Inc. (hereinafter the " Company ", the " Registrant ", " our ", " we ", " us ", or " Reservoir ") on Form 10-K contains certain information that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the " Securities Act "), and Section 21E of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), that are not historical facts, and are intended to be covered by the safe harbor created thereby. All statements, other than statements of historical fact included in this Annual Report including, without limitation, statements in " Management's Discussion and Analysis of Financial Condition and Results of Operations " regarding the Company's financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as "expect," "believe," "anticipate," "predict," "project," "target," "goal," "intend," "continue," "could," "may," "might," "shall," "should," "will," "would," "plan," "possible," "potential," "estimate," "seek", "ongoing", "objective" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. In addition, any statements that refer to expectations, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management's current expectations, projections and beliefs based on information currently available. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about the Company that may cause its actual

Business

Item 1. Business Our Company Reservoir Media, Inc., together with its wholly-owned subsidiaries (the " Company ", " we ", " our ", " us " and " Reservoir "), is one of the world's leading independent music companies. We operate a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. We have two operating and reportable segments—Music Publishing and Recorded Music. We represent copyrights and master recordings dating back as far as the early 1900s through today, with hundreds of #1 releases worldwide. Our M&A practice is committed to both catalog acquisition and strategic expansion of the roster. Our Music Publishing business contributed approximately $96.2 million to our revenues for the year ended March 31, 2024, representing approximately 66% of our revenues. The publishing catalog includes historic compositions written and performed by greats like Joni Mitchell, The Isley Brothers, Sonny Rollins, Louis Prima, Billy Strayhorn, Hoagy Carmichael and John Denver. Our roster of active songwriters, including Ali Tamposi, Jamie Hartman, Oak Felder, and Steph Jones, has contributed to hit songs performed by the likes of Justin Bieber, Ariana Grande, BTS, Dua Lipa and more. Our Recorded Music business contributed approximately $42.4 million to our revenues for the year ended March 31, 2024, representing approximately 29% of our revenues. The Recorded Music business is home to Chrysalis Records, Tommy Boy Music, and Philly Groove Records, representing recordings by De La Soul, Queen Latifah, Ben Harper, The Delfonics, Sinad O'Connor and Coolio. Our History Established in 2007, we are an active music company, one that owns and administers rights, and our strategy has been to build our business based on strategic acquisitions and long - term ownership of rights. In 2010, we acquired TVT Music Publishing, home to high quality rap, hip - hop and pop music of the 1990s and 2000s. We then acqui

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View this 10-K filing on SEC EDGAR