← NEXSTAR MEDIA GROUP, 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 | $91.5m |
$475.0m
+418.91%
|
$389.5m
-18.00%
|
$230.3m
-40.88%
|
$811.4m
+252.40%
|
$834.6m
+2.85%
|
$971.1m
+16.36%
|
$346.0m
-64.37%
|
$722.0m
+108.67%
|
$109.0m
-84.90%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $93.1m |
$475.3m
+410.56%
|
$388.3m
-18.32%
|
$236.3m
-39.14%
|
$808.1m
+241.97%
|
$830.4m
+2.77%
|
$943.5m
+13.62%
|
$270.0m
-71.38%
|
$702.0m
+160.00%
|
$92.0m
-86.89%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $93.1m | $475.3m | $388.3m | $236.3m | $808.1m | $830.4m | $943.5m | $270.0m | $683.0m | $83.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.6m | $330k | ($1.2m) | $6.0m | ($3.4m) | ($4.1m) | ($27.6m) | ($76.0m) | ($39.0m) | ($26.0m) | — | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | $467.5m | $662.1m | $941.0m | $808.0m | $471.0m | $820.0m | |
| Amortization of Debt Issuance Costs and Discounts | $5.6m | $10.5m | $9.8m | $11.6m | $17.2m | $15.0m | $13.0m | $11.0m | $12.0m | $8.0m | — | |
| Amortization of Intangible Assets | $46.6m | $159.5m | $149.4m | $200.3m | $279.7m | $300.9m | $309.3m | $311.0m | $299.0m | $302.0m | — | |
| Depreciation | $51.3m | $100.7m | $109.8m | $123.4m | $147.7m | $166.6m | $159.9m | $176.0m | $185.0m | $168.0m | $213.0m | |
| Amortization of broadcast rights | — | — | $61.3m | $85.0m | $137.5m | $121.1m | — | $453.0m | $324.0m | $314.0m | — | |
| Depreciation and amortization of intangible assets | — | — | — | — | $564.9m | $588.6m | $662.1m | $941.0m | $808.0m | $471.0m | $820.0m | |
| Amortization of debt financing costs, debt discounts and premium | $5.6m | $10.5m | $9.8m | $11.6m | $17.2m | $15.0m | $13.0m | $11.0m | $12.0m | $8.0m | — | |
| Deferred Income Tax Expense (Benefit) | $54.6m | ($463.2m) | $12.4m | ($3.4m) | ($41.7m) | $5.5m | ($101.7m) | ($76.0m) | ($33.0m) | ($129.0m) | ($151.0m) | |
| Deferred income taxes | $54.6m | ($463.2m) | $12.4m | ($4.5m) | ($43.6m) | $5.2m | ($102.6m) | ($77.0m) | ($33.0m) | ($129.0m) | ($151.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $11.4m | $24.1m | $31.3m | $38.6m | $48.3m | $46.7m | $61.6m | $60.0m | $78.0m | $78.0m | $99.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $4.1m | $4.9m | $9.8m | $6.8m | $10.9m | $12.6m | $24.0m | $8.0m | $1.0m | — | |
| Stock-based compensation expense | $11.4m | $24.1m | $31.3m | $38.6m | $48.3m | $46.7m | $61.6m | $60.0m | $78.0m | $78.0m | $99.0m | |
| Goodwill, Impairment Loss | $15.3m | $11.5m | $19.9m | $42.5m | — | $0 | $90.8m | $19.0m | $24.0m | $14.0m | $83.2m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $0 | $0 | $0 | $0 | — | $381.0m | — | |
| Goodwill and Intangible Asset Impairment | — | $20.0m | $19.9m | $63.3m | — | — | — | $35.0m | $24.0m | $14.0m | — | |
| Goodwill and long-lived asset impairments | $15.3m | $20.0m | $19.9m | $63.3m | — | — | — | $35.0m | $24.0m | $14.0m | — | |
| Income from equity method investments, net (excluding impairment) | — | — | — | ($17.9m) | ($70.2m) | ($124.6m) | ($153.4m) | ($104.0m) | ($70.0m) | $30.0m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $17.9m | $70.2m | $124.6m | $153.4m | $104.0m | $70.0m | $30.0m | — | |
| Other Nonoperating Income (Expense) | — | — | ($2.5m) | ($684k) | ($944k) | ($1.7m) | ($7.6m) | — | ($2.0m) | $3.0m | — | |
| Distribution from equity method investments - return on capital | — | — | — | $15.3m | $223.7m | $239.5m | $249.6m | $270.0m | $154.0m | $137.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $27.3m | $55.8m | ($30.9m) | ($2.2m) | $16.1m | $118.6m | $11.6m | $13.0m | ($68.0m) | $47.0m | $43.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $3.1m | $10.3m | $10.7m | $13.0m | $30.0m | $9.8m | — | — | — | — | $43.0m | |
| Accounts receivable | ($27.3m) | ($55.8m) | $30.9m | $2.2m | ($16.1m) | ($118.6m) | ($11.6m) | ($13.0m) | $68.0m | ($47.0m) | $43.0m | |
| Increase (Decrease) in Accounts Payable | — | ($62.5m) | $16.5m | $49.9m | $53.7m | $27.7m | ($49.7m) | $32.0m | ($98.0m) | $4.0m | ($120.0m) | |
| Accrued expenses and other current liabilities | — | ($17.4m) | ($53.7m) | $40.5m | ($83.7m) | $4.3m | ($18.8m) | $29.0m | ($26.0m) | — | — | |
| Prepaid expenses and other current assets | ($28.6m) | $22.8m | $97k | $9.3m | $5.0m | ($5.5m) | $10.1m | ($4.0m) | ($1.0m) | ($1.0m) | — | |
| Other | — | — | ($2.4m) | $53k | ($2.4m) | ($1.6m) | $9.6m | $1.0m | $10.0m | $13.0m | — | |
| Capitalized software in other current and noncurrent liabilities | — | — | — | — | — | — | — | $29.0m | $11.0m | $24.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $247.8m |
$136.7m
-44.82%
|
$736.9m
+438.96%
|
$417.5m
-43.35%
|
$1.3b
+200.42%
|
$1.2b
-3.14%
|
$1.4b
+15.49%
|
$999.0m
-28.80%
|
$1.2b
+25.13%
|
$891.0m
-28.72%
|
$893.0m
+0.22%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $31.9m | $72.5m | $106.2m | $197.5m | $217.0m | $150.8m | $157.3m | $149.0m | $145.0m | $148.0m | ($151.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.6m) | $56.0m | ($5.8m) | ($4.0m) | ($4.8m) | $6.2m | — | — | — | — | ($13.0m) | |
| Payments to Acquire Investments | — | — | — | — | $7.0m | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $104.0m | $3.0b | $104.0m | $5.9b | $386.4m | $138.4m | — | $38.0m | — | $22.0m | ($3.3b) | |
| Payments for acquisitions, net of cash acquired | ($104.0m) | ($3.0b) | ($104.0m) | ($5.9b) | ($386.4m) | ($138.4m) | — | ($38.0m) | — | ($22.0m) | — | |
| Payments for (Proceeds from) Other Investing Activities | $4.3m | ($25.1m) | ($5.3m) | ($452k) | — | — | $1.0m | $4.0m | $2.0m | $3.0m | — | |
| Other investing activities, net | — | $850k | $983k | $452k | $947k | ($1.5m) | ($1.0m) | ($4.0m) | ($2.0m) | ($3.0m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($140.2m) | ($2.1b) | ($175.5m) | ($4.7b) | ($39.8m) | ($232.1m) | $125.2m | ($173.0m) | ($102.0m) | ($173.0m) | ($3.4b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($34.9m) | ($12.1m) | ($10.3m) | ($50.7m) | ($3.2m) | ($2.9m) | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $58.0m | $4.4b | $251.4m | $5.5b | $1.3b | $321.0m | $2.5b | $20.0m | $55.0m | $3.4b | $11.1b | |
| Proceeds from debt issuance, net of debt discounts | $58.0m | $4.4b | $251.4m | $5.5b | $1.3b | $321.0m | $2.5b | $20.0m | $55.0m | $3.4b | — | |
| Repayments of long-term debt | ($80.1m) | ($1.9b) | ($653.0m) | ($902.2m) | ($2.2b) | ($590.2m) | ($3.0b) | ($145.0m) | ($382.0m) | ($3.6b) | ($8.2b) | |
| Payments for Repurchase of Common Stock | — | $99.0m | $50.5m | $45.1m | $281.9m | $536.8m | $880.7m | $605.0m | $601.0m | $125.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $29 | $56 | $69 | $83 | $101 | $118 | $142 | $191 | $219 | $226 | ($226.0m) | |
| Common stock dividends paid | ($29) | ($56) | ($69) | ($83) | ($101) | ($118) | ($142) | ($191) | ($219) | ($226) | — | |
| Payments of Dividends | $29 | $56 | $69 | $83 | $101 | $118 | $142 | $191 | $219 | $226 | ($226.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($4.8m) | ($2.8m) | ($11.1m) | $49k | $804k | $300k | $700k | $3.0m | ($6.0m) | ($8.0m) | — | |
| Other financing activities, net | — | $247k | $226k | $49k | $804k | $300k | $700k | $3.0m | ($6.0m) | ($8.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($77.1m) |
$2.0b
+2634.54%
|
($531.9m)
-127.23%
|
$4.4b
+925.03%
|
($1.3b)
-129.48%
|
($945.6m)
+26.92%
|
($1.5b)
-60.22%
|
($899.0m)
+40.66%
|
($1.2b)
-28.03%
|
($582.0m)
+49.44%
|
$2.5b
+532.47%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | ($899.8m) | $29.5m | $103.6m | ($79.4m) | $37.2m | $13.2m | ($73.0m) | ($3.0m) | $136.0m | — | |
| Cash, cash equivalents and restricted cash at beginning of period | — | $115.7m | $145.1m | $248.7m | $169.3m | $206.5m | $219.7m | $147.0m | $144.0m | $280.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $145.1m | $248.7m | $169.3m | $206.5m | $219.7m | $147.0m | $144.0m | $280.0m | $218.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $1.2m | $8.2m | $6.0m | $2.4m | $4.8m | $8.2m | — | — | $10.0m | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $99.9m | $213.7m | $218.7m | $250.7m | $324.3m | $273.2m | $330.1m | $437.0m | $431.0m | $372.0m | — | |
| Income Taxes Paid, Net | $29.4m | $272.7m | $90.7m | $315.1m | $351.7m | $319.9m | $369.9m | $169.0m | $254.0m | $208.0m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $12.5m | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $40.0m | — | — | |
| Gain (Loss) on Disposition of Business | — | $57.7m | — | $96.1m | $7.5m | $2.8m | — | — | — | — | — | |
| Goodwill | $473.3m | $2.1b | $2.2b | $3.0b | $3.0b | $3.1b | $3.0b | $2.9b | $2.9b | $2.9b | $83.2m | |
| Income Tax Expense (Benefit) | $77.6m | ($233.9m) | $144.7m | $137.0m | $296.5m | $262.9m | $273.6m | $131.0m | $276.0m | $67.0m | — | |
| Operating Expenses | $815.9m | $1.9b | $2.0b | — | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $20.7m | $52.0m | $1.1m | $72.1m | $10.7m | $953k | $800k | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | $30.4m | $62.0m | $19.0m | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $12.0m | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.8b | — | — | — | — | — | — | — | — | |
| Payments for broadcast rights | ($23.0m) | ($62.5m) | ($62.0m) | ($100.6m) | ($193.6m) | ($167.4m) | ($244.3m) | ($417.0m) | ($325.0m) | ($343.0m) | — | |
| Other noncurrent assets | $244k | ($278k) | $1.6m | ($5.2m) | $13.6m | $35.2m | ($1.2m) | ($24.0m) | ($10.0m) | $6.0m | — | |
| Income tax payable | ($75k) | ($42.6m) | $41.6m | ($172.7m) | ($11.3m) | ($48.3m) | $10.3m | $37.0m | $52.0m | ($14.0m) | — | |
| Other noncurrent liabilities | ($896k) | ($22.2m) | ($17.1m) | ($18.1m) | ($73.3m) | ($118.3m) | ($52.6m) | ($48.0m) | ($36.0m) | ($54.0m) | — | |
| Deposits received associated with the sale of real estate assets | — | — | — | — | — | $13.5m | $10.0m | $10.0m | — | — | — | |
| Proceeds from disposals of assets | $718k | $20.0m | $4.3m | $4.5m | $2.6m | $17.6m | $241.8m | $8.0m | $5.0m | — | — | |
| Purchase of treasury stock | — | ($99.0m) | ($50.5m) | ($45.1m) | ($281.9m) | ($536.8m) | ($880.7m) | ($605.0m) | ($601.0m) | ($125.0m) | — | |
| Contribution from noncontrolling interests | — | — | — | — | $800k | $300k | $30.4m | $62.0m | $19.0m | — | — | |
| Payments for capitalized software obligations | — | — | — | ($8.3m) | ($13.6m) | ($17.1m) | ($16.3m) | ($19.0m) | ($19.0m) | ($20.0m) | — | |
| Proceeds from exercise of stock options | $1.2m | $8.2m | $6.0m | $2.4m | $4.8m | $8.2m | $8.0m | $4.0m | $10.0m | — | — | |
| Payments for contingent consideration in connection with a past acquisition | ($2.0m) | ($263.6m) | — | — | — | — | ($13.9m) | — | — | — | — | |
| Right-of-use assets obtained in exchange for operating lease obligations | — | — | — | $125.5m | $31.0m | $45.0m | $49.5m | $54.0m | $39.0m | $52.0m | — | |
| Consolidation of variable interest entities | $108.7m | — | $6.5m | — | — | — | — | — | — | — | — | |
| Relinquishment of spectrum asset and derecognition of liability to surrender spectrum asset | — | $34.6m | $314.1m | $52.0m | $78.0m | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.