Gannett Co., Inc. (GCI) Financial Statements (2024 and earlier)

Company Profile

Business Address 7950 JONES BRANCH DRIVE
MCLEAN, VA 22107
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2711 - Newspapers: Publishing, or Publishing and Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments941311711564943
Cash and cash equivalents941311711564943
Restricted cash and investments 15112243
Receivables289329314439(8)(6)
Inventory, net of allowances, customer advances and progress billings453835552519
Inventory453835552519
Prepaid expense    2423
Other current assets    2223
Other undisclosed current assets 7876105108182158
Total current assets:508577637779298263
Noncurrent Assets
Operating lease, right-of-use asset233272290309
Property, plant and equipment306415590816340373
Intangible assets, net (including goodwill), including:1,1471,2471,3591,927427339
Goodwill533534534914311237
Intangible assets, net (excluding goodwill)6137138251,013  
Other undisclosed intangible assets, net (including goodwill)     116103
Restricted cash and investments 108    
Deferred income tax assets57329076
Other noncurrent assets   143113107
Other undisclosed noncurrent assets133276  370301
Total noncurrent assets:1,8862,2512,4723,2411,1461,020
TOTAL ASSETS:2,3942,8283,1094,0201,4441,284
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities352178155340130113
Employee-related liabilities212333  
Accounts payable189157132 1716
Accrued liabilities163  30711497
Deferred revenue154185186219
Debt60691283123
Deferred revenue and credits88
Other liabilities51514943  
Other undisclosed current liabilities 179224114105 
Total current liabilities:617663741718248204
Noncurrent Liabilities
Long-term debt and lease obligation 1,1011,4181,7461,934428357
Long-term debt, excluding current maturities 1,1011,1631,4721,636428357
Liabilities, other than long-term debt3802182583814140
Deferred income tax liabilities 12979
Liability, pension and other postretirement and postemployment benefits51721002362425
Other liabilities1091171521361615
Operating lease, liability219255274298
Other undisclosed noncurrent liabilities0  388
Total noncurrent liabilities:1,4811,6362,0052,318477405
Total liabilities:2,0982,2982,7463,037725609
Temporary equity, carrying amount   (1)22 
Equity
Equity, attributable to parent296532364981717674
Common stock211111
Treasury stock, value(15)(8)(5)(3)(2)(1)
Additional paid in capital1,4101,4001,1041,091722683
Accumulated other comprehensive income (loss)(101)60508(7)(5)
Retained earnings (accumulated deficit)(999)(921)(786)(116)4(3)
Equity, attributable to noncontrolling interest(0)(2)    
Total equity:295530364981717674
TOTAL LIABILITIES AND EQUITY:2,3942,8283,1094,0201,4441,284

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,9453,2083,4061,8681,5261,342
Revenue, net1,342
Cost of revenue(2,042)(2,106)(2,298)(1,199)  
Cost of goods and services sold(1,860)(1,902)(2,034)(1,080)  
Gross profit:9031,1031,1086691,5261,342
Operating expenses(937)(993)(1,555)(816)(1,371)(1,191)
Other undisclosed operating loss     (97)(116)
Operating income (loss):(34)109(448)(147)5835
Nonoperating income (expense)(43)(197)(258)(60)10
Other nonoperating income619 1010
Interest and debt expense0(49)(44)(6)(39)(35)
Income (loss) from continuing operations before equity method investments, income taxes:(77)(137)(750)(213)20(0)
Other undisclosed income (loss) from continuing operations before income taxes(0)49446  
Income (loss) from continuing operations before income taxes:(77)(88)(706)(207)20(0)
Income tax expense (benefit)(1)(48)3386(2)(0)
Income (loss) from continuing operations:(78)(136)(672)(121)18(1)
Income (loss) before gain (loss) on sale of properties:(136)(672)(121)18(1)
Net income (loss):(78)(136)(672)(121)18(1)
Net income attributable to noncontrolling interest01210 
Net income (loss) available to common stockholders, diluted:(78)(135)(670)(120)18(1)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(78)(136)(672)(121)18(1)
Other comprehensive income (loss)(161)104215(1)(1)
Comprehensive income (loss):(239)(126)(630)(106)17(2)
Comprehensive income, net of tax, attributable to noncontrolling interest01210 
Comprehensive income (loss), net of tax, attributable to parent:(239)(125)(629)(105)17(2)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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