Gray Television, Inc. (GTN) financial statements (2021 and earlier)

Company profile

Business Address 4370 PEACHTREE ROAD NE
ATLANTA, GA 30319
State of Incorp. GA
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments773467379296212326251
Cash and cash equivalents773467379296212326251
Receivables436373339373400394381
Prepaid expense 13     
Other undisclosed current assets95654152606951
Total current assets:1,304918759721672789683
Noncurrent Assets
Operating lease, right-of-use asset57585961505266
Property, plant and equipment737726732731725695686
Intangible assets, net (including goodwill)5,4345,4165,4285,4535,4795,4765,507
Goodwill1,4601,4481,4461,4461,4461,4491,452
Intangible assets, net (excluding goodwill)3,9743,9683,9824,0074,0334,0274,055
Other noncurrent assets39411316297542
Other undisclosed noncurrent assets72654946171717
Total noncurrent assets:6,3396,3066,2816,3076,3006,3156,318
TOTAL ASSETS:7,6437,2247,0407,0286,9727,1047,001
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162220234173173193168
Accounts payable10798623111312
Accrued liabilities29222224322527
Employee-related liabilities53595544675950
Taxes payable2022322131827
Interest and dividends payable50584860507852
Deferred revenue224510109129
Debt    62120
Program rights obligations253491828379
Other undisclosed current liabilities46454442302927
Total current liabilities:255344297243246292233
Noncurrent Liabilities
Long-term debt and lease obligation4,0253,7603,7573,7563,7423,9283,942
Long-term debt, excluding current maturities3,9743,7063,7033,7003,6973,8813,881
Operating lease, liability51545456454761
Liabilities, other than long-term debt9609088788778705153
Deferred income tax liabilities885852824820810  
Liability, pension and other postretirement and postemployment benefits43343738383033
Other liabilities27171113151313
Program rights obligations5566787
Other undisclosed noncurrent liabilities     780760
Total noncurrent liabilities:4,9854,6684,6354,6334,6124,7594,755
Total liabilities:5,2405,0124,9324,8764,8585,0514,988
Temporary equity, carrying amount650650650650650650650
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7531,5621,4581,5021,4641,4031,363
Treasury stock, value(188)(172)(162)(117)(107)(86)(75)
Accumulated other comprehensive loss(39)(31)(31)(31)(31)(26)(26)
Retained earnings862651542544504423377
Other undisclosed stockholders' equity attributable to parent1,1181,1141,1091,1061,0981,0921,087
Total stockholders' equity:1,7531,5621,4581,5021,4641,4031,363
TOTAL LIABILITIES AND EQUITY:7,6437,2247,0407,0286,9727,1047,001

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Gross profit:792604451534579517508
Operating expenses(441)(392)(386)(410)(399)(378)(389)
Operating income:35121265124180139119
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (2)(2)(1)  1
Interest and debt expense(60)(45)(46)(52)(54)(57)(58)
Income from continuing operations before income taxes:29116517711268262
Income tax expense(67)(43)(6)(18)(32)(23)(18)
Net income attributable to parent:2241221153945944
Preferred stock dividends and other adjustments(13)(13)(13)(13)(13)(13)(13)
Net income (loss) available to common stockholders, diluted:211109(2)40814631

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:2241221153945944
Other undisclosed comprehensive loss(8)   (5)  
Comprehensive income:2161221153895944
Other undisclosed comprehensive loss, net of tax, attributable to parent    (5)  
Comprehensive income, net of tax, attributable to parent:2161221153845944

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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