TEGNA Inc. (GCI) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 94121114197
Cash and cash equivalents 94121114197
Restricted cash and investments 20   
Receivables 363379384367
Inventory, net of allowances, customer advances and progress billings 45304026
Inventory 45304026
Prepaid expense 19430 
Other undisclosed current assets 40563540
Total current assets: 581590604630
Noncurrent Assets
Property, plant and equipment 7969331,088897
Long-term investments and receivables 1388
Long-term investments 1388
Intangible assets, net (including goodwill) 950877853635
Goodwill 780738698576
Intangible assets, net (excluding goodwill) 17014015560
Other noncurrent assets 53   
Other undisclosed noncurrent assets 98166293258
Total noncurrent assets: 1,8981,9802,2411,798
TOTAL ASSETS: 2,4782,5702,8452,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 44433619
Employee-related liabilities 444336 
Interest and dividends payable    19
Deferred revenue and credits12313379
Contract with customer, liability117
Other liabilities 47   
Other undisclosed current liabilities 343344403393
Total current liabilities: 552510572490
Noncurrent Liabilities
Long-term debt and lease obligation 304355400 
Long-term debt, excluding current maturities 304355400 
Liabilities, other than long-term debt 5876871,016879
Accounts payable and accrued liabilities 22152522
Liability, pension and other postretirement and postemployment benefits 389505829700
Other liabilities 177167161156
Total noncurrent liabilities: 8921,0421,416879
Total liabilities: 1,4431,5531,9881,369
Stockholders' equity
Stockholders' equity attributable to parent 1,0351,0178571,059
Common stock 1111
Treasury stock, value (50)(50)(33) 
Additional paid in capital 1,8221,7871,7701,708
Accumulated other comprehensive loss (617)(657)(883)(673)
Retained earnings (accumulated deficit) (121)(64)123
Total stockholders' equity: 1,0351,0178571,059
TOTAL LIABILITIES AND EQUITY: 2,4782,5702,8452,428

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 2,9173,1463,0472,885
Revenue, net3,1463,0472,885
Cost of revenue (2,012)(1,960)(2,055)(1,978)
Cost of goods and services sold (1,803)(1,960)(1,970)(1,867)
Gross profit: 9051,187992907
Operating expenses (876)(1,124)(913)(737)
Other operating expense, net
(Other Expenses)
  (4)(3) 
Other undisclosed operating income  93 
Operating income: 296879169
Nonoperating income (expense) 1(27)(13)25
Other nonoperating income (expense) 26(10)(1)13
Interest and debt expense (25)(17)(13) 
Income from continuing operations before equity method investments, income taxes: 52454194
Other undisclosed income from continuing operations before income taxes 251713 
Income from continuing operations before income taxes: 304166194
Income tax expense (15)(34)(14)(48)
Net income available to common stockholders, diluted: 15753146

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 15753146
Other comprehensive income (loss) 40226(209)5
Comprehensive income (loss), net of tax, attributable to parent: 55233(157)151

Statements sources

The financial statements are based on the company's filings with the 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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