Nexstar Media Group Inc. (NXST) Financial Statements (2026 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

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144135204191153232
Cash and cash equivalent144135204191153232
Restricted cash and investments  1216161717
Receivables1,0281,0951,0791,021905884
Other current assets      152
Other undisclosed current assets12522431518513667
Total current assets:1,2971,4661,6151,4131,2101,352
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,2071,2691,2621,5121,6051,290
Long-term investments and receivables8779581,1191,2191,3341,477
Long-term investments8779581,1191,2191,3341,477
Intangible asset, including goodwill, after accumulated amortization7,6987,9998,3058,6799,5229,905
Goodwill2,9222,9462,9613,0522,9842,997
Intangible asset, excluding goodwill, after accumulated amortization4,7765,0535,3455,6276,5386,908
Other noncurrent assets389386378396418452
Other undisclosed noncurrent assets    45(684)(487)
Total noncurrent assets:10,17110,61211,06411,85212,19412,638
TOTAL ASSETS:11,46812,07812,67913,26413,40413,990
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities447585517564526700
Accounts payable133235198248218157
Accrued liabilities314350320316307543
Debt1241241244722145
Program rights obligations97     
Other liabilities1156951567860
Other undisclosed current liabilities 18320112010542
Total current liabilities:783961893787731948
Noncurrent Liabilities
Long-term debt and lease obligation6,3996,7136,8277,3687,6478,584
Long-term debt, excluding current maturities6,3996,7136,8277,3687,6478,383
Finance lease, liability      15
Liabilities, other than long-term debt2,0182,0912,1892,2522,490895
Deferred income tax liabilities1,4871,5201,6061,7291,674 
Other liabilities531571584523816895
Operating lease, liability      186
Other undisclosed noncurrent liabilities      1,510
Total noncurrent liabilities:8,4178,8049,0169,62010,13710,989
Total liabilities:9,2009,7659,91010,40710,86711,936
Temporary equity, including noncontrolling interest26     
Equity
Equity, attributable to parent, including:2,2572,2992,7412,8502,5182,031
Common stock   1   
Treasury stock, value(2,717)(2,173)(1,607)(807)(367)(121)
Additional paid in capital1,3041,2831,2881,3111,3631,354
Accumulated other comprehensive income (loss)(1)1271423520
Retained earnings3,6713,1883,0332,2041,488779
Other undisclosed equity, attributable to parent    000
Equity, attributable to noncontrolling interest(15)142871822
Total equity:2,2422,3132,7692,8572,5372,053
TOTAL LIABILITIES AND EQUITY:11,46812,07812,67913,26413,40413,990

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

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues5,4074,9335,2114,6484,5013,039
Cost of revenue(2,543)(2,529)(2,237)(1,970)(1,907)(1,470)
Cost of product and service sold(2,221)(2,153)(2,005)(1,862)(1,721)(1,349)
Gross profit:2,8642,4042,9742,6782,5951,570
Operating expenses(1,596)(1,696)(1,662)(1,503)(1,219)(914)
Other operating income (expense), net2     
Other undisclosed operating income (loss)(2)     
Operating income:1,2687081,3121,1751,375655
Nonoperating income (expense) (2) 48(2)(1)(1)
Investment income, nonoperating   56   
Other nonoperating expense (2) (8)(2)(1)(1)
Interest and debt expense   (3)(3)(51)(10)
Income from continuing operations before equity method investments, income taxes:1,2667081,3571,1701,324644
Income from equity method investments701041531257018
Other undisclosed loss from continuing operations before income taxes(377)(411)(294)(202)(289)(289)
Income from continuing operations before income taxes:9594011,2171,0931,105373
Income tax expense(276)(131)(274)(263)(297)(137)
Income from continuing operations:683270944830808236
Income before gain (loss) on sale of properties:✕✕✕✕830808236
Net income:683270944830808236
Net income (loss) attributable to noncontrolling interest39762843(6)
Net income attributable to parent:722346971835811230
Preferred stock dividends and other adjustments(20)     
Net income available to common stockholders, diluted:702346971835811230

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:683270944830808236
Other comprehensive income (loss)193937(5)(12)
Other undisclosed comprehensive income (loss)(3)(35)(154)702046
Comprehensive income:681244829938823270
Comprehensive income (loss), net of tax, attributable to noncontrolling interest39762843(6)
Comprehensive income, net of tax, attributable to parent:720320857942826264

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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