← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.1b |
$2.4b
+120.45%
|
$2.8b
+13.76%
|
$3.0b
+9.85%
|
$4.5b
+48.10%
|
$4.6b
+3.27%
|
$5.2b
+12.10%
|
$4.9b
-5.33%
|
$5.4b
+9.61%
|
$4.9b
-8.47%
|
$5.9b
+18.73%
|
|
| Cost of Revenue | $382.0m |
$993.4m
+160.06%
|
$1.1b
+12.53%
|
$1.3b
+20.64%
|
$1.7b
+27.57%
|
$1.9b
+8.22%
|
$2.0b
+7.68%
|
$2.2b
+7.38%
|
$2.2b
+3.16%
|
$2.2b
+0.63%
|
$2.7b
+19.37%
|
|
| Interest Income (Expense), Net | ($116.1m) |
($241.2m)
-107.78%
|
($221.0m)
+8.38%
|
($304.4m)
-37.72%
|
($335.3m)
-10.17%
|
($282.7m)
+15.70%
|
($336.6m)
-19.09%
|
($447.0m)
-32.80%
|
($444.0m)
+0.67%
|
$379.0m | — | |
| Gross Profit | $721.2m |
$1.4b
+99.47%
|
$1.6b
+14.61%
|
$1.7b
+2.54%
|
$2.8b
+64.48%
|
$2.8b
+0.20%
|
$3.2b
+15.06%
|
$2.8b
-13.29%
|
$3.2b
+14.60%
|
$2.7b
-14.81%
|
$3.2b
+18.20%
|
|
| Selling, General and Administrative Expense | $263.6m | $592.0m | $579.9m | $730.0m | $912.1m | $1.0b | $1.1b | $1.1b | $1.1b | $1.1b | $1.3b | |
| 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 and amortization of intangible assets | — | — | — | — | $564.9m | $588.6m | $662.1m | $941.0m | $808.0m | $471.0m | $821.0m | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $12.0m | — | — | |
| Operating Expenses | $815.9m | $1.9b | $2.0b | $2.4b | $3.1b | $3.5b | $3.9b | $4.2b | $4.1b | $4.1b | $4.8b | |
| Operating Income (Loss) | $287.3m |
$518.7m
+80.55%
|
$757.8m
+46.08%
|
$655.1m
-13.55%
|
$1.4b
+109.94%
|
$1.2b
-14.54%
|
$1.3b
+11.63%
|
$708.0m
-46.04%
|
$1.3b
+79.10%
|
$849.0m
-33.04%
|
$1.1b
+24.62%
|
|
| Other Operating Income (Expense), Net | $287.3m | $518.7m | $757.8m | $655.1m | $1.4b | $1.2b | $1.3b | $708.0m | $2.0m | ($3.0m) | — | |
| Interest Expense | $117.2m | — | — | — | — | — | — | — | — | — | $494.0m | |
| Interest Expense Operating | — | — | — | — | — | — | — | — | — | $379.0m | $494.0m | |
| Interest expense, net | ($116.1m) | ($241.2m) | ($221.0m) | ($304.4m) | ($335.3m) | ($282.7m) | ($336.6m) | ($447.0m) | ($444.0m) | $379.0m | $494.0m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $40.0m | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | $12.5m | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | ($1.3m) | ($2.5m) | ($684k) | ($944k) | ($1.7m) | ($7.6m) | — | ($2.0m) | — | — | |
| Income from equity method investments, net (excluding impairment) | — | — | — | $17.9m | $70.2m | $124.6m | $153.4m | $104.0m | $70.0m | $30.0m | — | |
| Other expenses, net | — | ($1.3m) | ($2.5m) | ($684k) | ($944k) | ($1.7m) | ($7.6m) | — | ($2.0m) | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $170.7m | $241.4m | $532.9m | $373.3m | $1.1b | $1.1b | $1.2b | $401.0m | $959.0m | $150.0m | $212.0m | |
| Current Income Tax Expense (Benefit) | $23.0m | $229.2m | $132.3m | $140.4m | $338.2m | $257.4m | $375.3m | $207.0m | $309.0m | $196.0m | $44.0m | |
| Income Tax Expense (Benefit) | $77.6m | ($233.9m) | $144.7m | $137.0m | $296.5m | $262.9m | $273.6m | $131.0m | $276.0m | $67.0m | $44.0m | |
| 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%
|
$166.0m
+52.29%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $91.5m |
$475.0m
+418.91%
|
$389.5m
-18.00%
|
$230.3m
-40.88%
|
$808.1m
+250.94%
|
$830.4m
+2.77%
|
$943.5m
+13.62%
|
$270.0m
-71.38%
|
$702.0m
+160.00%
|
$92.0m
-86.89%
|
$166.0m
+80.43%
|
|
| Net loss attributable to noncontrolling interests | ($1.6m) | ($330k) | $1.2m | ($6.0m) | $3.4m | $4.1m | $27.6m | $76.0m | $39.0m | $26.0m | — | |
| 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) | $166.0m | |
| Earnings Per Share, Basic | $2.98 | $10.38 | $8.52 | $5.01 | $18.06 | $19.81 | $24.68 | $9.78 | $21.73 | $3.04 | $5.40 | |
| Earnings Per Share, Diluted | $2.89 | $10.07 | $8.21 | $4.80 | $17.37 | $18.98 | $24.16 | $9.64 | $21.41 | $3.00 | $5.28 | |
| Common Stock, Dividends, Per Share, Declared | $0.96 | $1.20 | $0.00 | $1.80 | $2.24 | $2.80 | $3.60 | $5.40 | $6.76 | $7.44 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 30.7m | 45.8m | 45.7m | 46.0m | 44.9m | 42.1m | 39.3m | 35.3m | 32.3m | 30.3m | 30.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 31.7m | 47.1m | 47.4m | 47.9m | 46.7m | 44.0m | 40.2m | 35.8m | 32.8m | 30.7m | 30.9m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $15.3m | $11.5m | $19.9m | $42.5m | — | $0 | $90.8m | $19.0m | $24.0m | $14.0m | $14.0m | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | — | $47.0m | — | |
| Direct operating, excluding depreciation and amortization | $382.0m | $993.4m | $1.1b | $1.3b | $1.7b | $1.9b | $2.0b | $2.2b | $2.2b | $2.2b | — | |
| Amortization of broadcast rights | $57.1m | $105.4m | $61.3m | $85.0m | $137.5m | $121.1m | — | $453.0m | $324.0m | $314.0m | — | |
| Goodwill and long-lived asset impairments | $15.3m | $20.0m | $19.9m | $63.3m | — | $23.0m | $133.0m | $35.0m | $24.0m | $14.0m | — | |
| Spectrum repack reimbursements | — | — | ($29.4m) | ($70.4m) | ($57.3m) | ($19.7m) | ($2.8m) | — | — | — | — | |
| Other | — | — | — | — | ($3.5m) | ($5.5m) | $1.0m | ($2.0m) | ($2.0m) | $3.0m | — | |
| Loss on extinguishment of debt | — | ($34.9m) | ($12.1m) | ($10.3m) | ($50.7m) | ($3.2m) | ($2.9m) | — | — | — | — | |
| Pension and other postretirement plans credit, net | — | $13.1m | $10.8m | $15.6m | $46.0m | $80.9m | $43.1m | $36.0m | $27.0m | $31.0m | — | |
| Basic (in thousands) | $30.7m | $45.8m | $45.7m | $46.0m | $44.9m | $42.1m | $39.3m | $35.3m | $32.3m | $30.3m | — | |
| Diluted (in thousands) | $31.7m | $47.1m | $47.4m | $47.9m | $46.7m | $44.0m | $40.2m | $35.8m | $32.8m | $30.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.