← GRAY MEDIA, INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $62.3m
$262.0m +320.65%
$210.8m -19.53%
$179.0m -15.09%
$410.0m +129.05%
$90.0m -78.05%
$455.0m +405.56%
($76.0m) -116.70%
$375.0m +593.42%
($85.0m) -122.67%
—
Net Income (Loss) Available to Common Stockholders, Basic — — — $127.0m
$358.0m +181.89%
$38.0m -89.39%
$403.0m +960.53%
($128.0m) -131.76%
$323.0m +352.34%
($137.0m) -142.41%
—
Depreciation and amortization $45.9m $52.0m $53.9m $195.0m $201.0m $221.0m $336.0m $339.0m $269.0m $237.0m $262.0m
Depreciation, Depletion and Amortization, Nonproduction — — — $195.0m $201.0m $221.0m $336.0m $339.0m $269.0m $237.0m $262.0m
Amortization of Debt Issuance Costs $4.9m $4.6m $4.6m $12.0m $12.0m $12.0m $16.0m $13.0m $15.0m $16.0m —
Amortization of Intangible Assets $16.6m $25.1m $20.6m $115.0m $105.0m $117.0m $207.0m $194.0m $125.0m $104.0m —
Depreciation $45.9m $52.0m $53.9m $80.0m $96.0m $104.0m $129.0m $145.0m $144.0m $133.0m $134.0m
Deferred Income Tax Expense (Benefit) $41.4m ($77.3m) $22.9m $55.0m $75.0m ($22.0m) ($20.0m) ($91.0m) ($9.0m) ($56.0m) ($22.0m)
Share-based Payment Arrangement, Noncash Expense $5.1m $8.3m $6.7m $16.0m $16.0m $14.0m $22.0m $20.0m $22.0m $22.0m $21.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $1.8m $4.4m $4.0m $6.0m $7.0m $7.0m $5.0m $4.0m $5.0m —
Share-based Payment Arrangement, Expense $5.1m $8.3m $6.7m $16.0m $16.0m $14.0m $22.0m $20.0m $22.0m $22.0m $21.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 — — — $0 $22.0m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — $18.0m $29.0m $25.0m $20.0m —
Goodwill and Intangible Asset Impairment — — — — — $0 $0 $43.0m $0 $30.0m —
Impairment of Intangible Assets (Excluding Goodwill) $0 — — — — $0 $0 $43.0m $0 $30.0m —
Impairment of Intangible Assets, Finite-lived — — — — $0 $0 $18.0m $29.0m $25.0m $28.0m —
Other Nonoperating Income (Expense) $775k $162k $5.5m $4.0m ($5.0m) ($8.0m) ($4.0m) $7.0m $117.0m ($1.0m) —
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Receivable — — — — $14.0m $30.0m $26.0m ($308.0m) ($5.0m) ($132.0m) ($27.0m)
Accounts Receivable, Credit Loss Expense (Reversal) $1.9m $2.4m $2.2m $11.0m $2.0m $4.0m $1.0m $21.0m $2.0m $8.0m ($27.0m)
Increase (Decrease) in Accounts Payable $518k $2.1m $563k ($1.0m) ($1.0m) $22.0m ($5.0m) ($32.0m) $52.0m ($10.0m) ($10.0m)
Increase (Decrease) in Other Operating Assets ($2.0m) ($806k) $2.9m $7.0m $36.0m ($10.0m) $0 ($7.0m) ($27.0m) $6.0m —
Net Cash Provided by (Used in) Operating Activities $206.6m
$180.0m -12.88%
$323.3m +79.61%
$385.0m +19.08%
$652.0m +69.35%
$300.0m -53.99%
$829.0m +176.33%
$648.0m -21.83%
$751.0m +15.90%
$289.0m -61.52%
$250.0m -13.49%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment — — — ($54.0m) ($29.0m) ($42.0m) $2.0m ($21.0m) ($20.0m) $6.0m $20.0m
Payments to Acquire Property, Plant, and Equipment $43.6m $34.5m $70.0m $110.0m $110.0m $207.0m $436.0m $348.0m $143.0m $108.0m ($104.0m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($329k) $74.2m $16.4m $54.0m $29.0m ($42.0m) $2.0m $21.0m $20.0m $11.0m $20.0m
Gain (Loss) on Sale of Investments — — — — — — — — $110.0m $5.0m —
Payments to Acquire Investments — — — — $48.0m $49.0m $16.0m $14.0m $7.0m $8.0m —
Payments to Acquire Businesses, Net of Cash Acquired $431.8m $416.0m $425k $2.8b $91.0m $3.8b $58.0m $6.0m $1.0m $0 ($264.0m)
Payments for (Proceeds from) Other Investing Activities $18.1m ($9.7m) $161k $6.0m $0 $2.0m $4.0m $1.0m $1.0m $18.0m —
Net Cash Provided by (Used in) Investing Activities ($479.3m) ($349.8m) ($47.4m) ($2.7b) ($211.0m) ($3.5b) ($503.0m) ($291.0m) ($28.0m) ($63.0m) ($339.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($32.0m) ($2.9m) $0 $0 ($12.0m) $0 $0 ($3.0m) $34.0m ($10.0m) —
Repayments of Long-term Debt $1.1b $562.6m $40.2m $211.0m $525.0m $0 $315.0m $610.0m $2.5b $2.0b ($1.8b)
Proceeds from Issuance of Long-term Debt $1.7b $641.4m $750.0m $1.4b $800.0m $2.8b $0 $300.0m $2.1b $2.1b $2.0b
Payments for Repurchase of Common Stock — $4.0m $19.6m $32.0m $75.0m $30.0m $50.0m $0 $0 $33.0m —
Payments of Ordinary Dividends, Common Stock $0 $0 — $0 $0 $31.0m $30.0m $30.0m $32.0m $33.0m ($87.0m)
Proceeds from Issuance of Common Stock $0 $238.9m — $0 — — — — — — $0
Payments of Dividends $0 $0 — — — $31.0m $30.0m $30.0m $32.0m $33.0m ($87.0m)
Dividends Payable, Current — — — $13.0m $13.0m $13.0m $14.0m $14.0m $15.0m $16.0m —
Net Cash Provided by (Used in) Financing Activities $500.6m
$307.0m -38.67%
$680.6m +121.70%
$1.1b +56.33%
$120.0m -88.72%
$2.6b +2108.33%
($454.0m) -117.13%
($397.0m) +12.56%
($609.0m) -53.40%
$7.0m +101.15%
$66.0m +842.86%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $227.9m $137.2m $204.6m — $561.0m ($584.0m) ($128.0m) ($40.0m) $114.0m $233.0m $176.0m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $212.0m $179.0m $178.0m $339.0m $419.0m $394.0m $393.0m —
Income Taxes Paid, Net $14.6m $2.0m $34.2m $23.0m $70.0m $149.0m $180.0m $50.0m $135.0m $38.0m —
Additional Financial Items
Asset Retirement Obligation, Accretion Expense $15k $71k $54k — — — — — — — —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — — — — — — — — — $4.0m —
Gain (Loss) on Disposition of Assets — — — $54.0m $29.0m ($42.0m) $2.0m ($21.0m) ($20.0m) $11.0m —
General and Administrative Expense $40.3m $31.5m $40.9m $104.0m $65.0m $159.0m — — — — —
Goodwill $485.3m $611.1m $612.4m $1.4b $1.5b $2.6b $2.7b $2.6b $2.6b $2.6b $22.0m
Income Tax Expense (Benefit) $43.4m ($68.7m) $76.8m $76.0m $134.0m $78.0m $159.0m ($6.0m) $117.0m ($28.0m) —
Operating Costs and Expenses $475.1m $557.1m $596.4m — — — — — — — —
Operating Expenses $578.3m $591.5m $695.4m $1.6b $1.6b $2.0b $2.7b $2.9b $2.8b $2.7b —
Operating Lease, Lease Income — — — — — — — — $37.0m $37.0m —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.