Nexstar Media Group Inc. (NXST) Financial Statements (2025 and earlier)

Company Profile

Business Address 545 EAST JOHN CARPENTER FREEWAY
IRVING, TX 75062
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4833 - Television Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments135204191153232145
Cash and cash equivalent135204191153232145
Restricted cash and investments 1216161717 
Receivables1,0951,0791,021905884547
Other current assets     15223
Other undisclosed current assets2243151851366752
Total current assets:1,4661,6151,4131,2101,352767
Noncurrent Assets
Property, plant and equipment1,2691,2621,5121,6051,290732
Long-term investments and receivables9581,1191,2191,3341,477 
Long-term investments9581,1191,2191,3341,477 
Intangible assets, net (including goodwill)7,9998,3058,6799,5229,9055,438
Goodwill2,9462,9613,0522,9842,9972,168
Intangible assets, net (excluding goodwill)5,0535,3455,6276,5386,9083,270
Other noncurrent assets386378396418452125
Other undisclosed noncurrent assets   45(684)(487) 
Total noncurrent assets:10,61211,06411,85212,19412,6386,295
TOTAL ASSETS:12,07812,67913,26413,40413,9907,062
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities585517564526700244
Interest and dividends payable✕✕✕   32
Accounts payable23519824821815768
Accrued liabilities350320316307543144
Debt124124472214596
Program rights obligations      
Other liabilities695156786012
Other undisclosed current liabilities 1832011201054252
Total current liabilities:961893787731948404
Noncurrent Liabilities
Long-term debt and lease obligation6,7136,8277,3687,6478,5843,885
Long-term debt, excluding current maturities6,7136,8277,3687,6478,3833,885
Finance lease, liability     15✕
Liabilities, other than long-term debt, including:2,0912,1892,2522,490895270
Deferred tax liabilities, net✕✕✕✕✕✕634
Deferred income tax liabilities1,5201,6061,7291,674 ✕
Other liabilities571584523816895270
Operating lease, liability     186✕
Other undisclosed liabilities, other than long-term debt      (634)
Other undisclosed noncurrent liabilities     1,510634
Total noncurrent liabilities:8,8049,0169,62010,13710,9894,789
Total liabilities:9,7659,91010,40710,86711,9365,193
Temporary equity, including noncontrolling interest      
Equity
Equity, attributable to parent, including:2,2992,7412,8502,5182,0311,853
Common stock  1    
Treasury stock, value(2,173)(1,607)(807)(367)(121)(106)
Additional paid in capital1,2831,2881,3111,3631,3541,352
Accumulated other comprehensive income (loss)1271423520(14)
Retained earnings3,1883,0332,2041,488779620
Other undisclosed equity, attributable to parent   0000
Equity, attributable to noncontrolling interest14287182216
Total equity:2,3132,7692,8572,5372,0531,869
TOTAL LIABILITIES AND EQUITY:12,07812,67913,26413,40413,9907,062

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,9335,2114,6484,5013,0392,767
Cost of revenue(2,529)(2,237)(1,970)(1,907)(1,470)(1,118)
Cost of product and service sold(2,153)(2,005)(1,862)(1,721)(1,349)(1,118)
Gross profit:2,4042,9742,6782,5951,5701,649
Operating expenses(1,696)(1,662)(1,503)(1,219)(914)(2,009)
Other operating income, net      
Other undisclosed operating income (loss)     1,118
Operating income:7081,3121,1751,375655758
Nonoperating income (expense) 48(2)(1)(1)(2)
Investment income, nonoperating  56    
Other nonoperating expense (8)(2)(1)(1)(2)
Interest and debt expense  (3)(3)(51)(10)(12)
Income from continuing operations before equity method investments, income taxes:7081,3571,1701,324644743
Income from equity method investments1041531257018 
Other undisclosed loss from continuing operations before income taxes(411)(294)(202)(289)(289)(210)
Income from continuing operations before income taxes:4011,2171,0931,105373533
Income tax expense(131)(274)(263)(297)(137)(145)
Income from continuing operations:270944830808236388
Income before gain (loss) on sale of properties:✕✕✕830808236388
Net income:270944830808236388
Net income (loss) attributable to noncontrolling interest762843(6)1
Net income attributable to parent:346971835811230389
Preferred stock dividends and other adjustments      
Net income available to common stockholders, diluted:346971835811230389

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:270944830808236388
Other comprehensive income (loss)93937(5)(12)7
Other undisclosed comprehensive income (loss)(35)(154)702046(28)
Comprehensive income:244829938823270368
Comprehensive income (loss), net of tax, attributable to noncontrolling interest762843(6)1
Comprehensive income, net of tax, attributable to parent:320857942826264369

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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