Gannett Co., Inc. (GCI) financial statements (2022 and earlier)

Company profile

Business Address 1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
State of Incorp.
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1311711564943172147
Cash and cash equivalents1311711564943172147
Restricted cash and investments511224337
Receivables329314439(8)(6)(5)(4)
Inventory, net of allowances, customer advances and progress billings38355525191816
Inventory38355525191816
Prepaid expense   24231915
Other current assets   22232012
Other undisclosed current assets76105108182158144141
Total current assets:577637779298263370332
Noncurrent Assets
Operating lease, right-of-use asset272290309
Property, plant and equipment415590816340373381385
Intangible assets, net (including goodwill), including:1,2471,3591,927427339323475
Goodwill534534914311237228171
Intangible assets, net (excluding goodwill)7138251,013   304
Other undisclosed intangible assets, net (including goodwill)   11610395 
Restricted cash and investments8      
Deferred income tax assets329076
Other noncurrent assets 14311310756
Other undisclosed noncurrent assets276  3703012573
Total noncurrent assets:2,2512,4723,2411,1461,020966868
TOTAL ASSETS:2,8283,1094,0201,4441,2841,3361,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities178155340130113103109
Accounts payable157132 17162010
Accrued liabilities  307114978399
Employee-related liabilities212333    
Deferred revenue185186219
Debt691283123144
Deferred revenue and credits887862
Other liabilities514943   1
Other undisclosed current liabilities179224114105   
Total current liabilities:663741718248204196176
Noncurrent Liabilities
Long-term debt and lease obligation1,4181,7461,934428357339353
Long-term debt, excluding current maturities1,1631,4721,636428357339353
Operating lease, liability255274298
Liabilities, other than long-term debt21825838141403924
Deferred tax liabilities, net   4
Deferred income tax liabilities2979
Liability, pension and other postretirement and postemployment benefits7210023624252611
Other liabilities1171521361615139
Other undisclosed noncurrent liabilities  3888 
Total noncurrent liabilities:1,6362,0052,318477405385378
Total liabilities:2,2982,7463,037725609581553
Temporary equity, carrying amount (1)22   
Stockholders' equity
Stockholders' equity attributable to parent532364981717674755647
Common stock1111110
Treasury stock, value(8)(5)(3)(2)(1)(0) 
Additional paid in capital1,4001,1041,091722683743605
Accumulated other comprehensive income (loss)60508(7)(5)(4)(3)
Retained earnings (accumulated deficit)(921)(786)(116)4(3)1645
Stockholders' equity attributable to noncontrolling interest(2)      
Total stockholders' equity:530364981717674755647
TOTAL LIABILITIES AND EQUITY:2,8283,1094,0201,4441,2841,3361,200

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,2083,4061,8681,5261,3421,255 
Revenue, net1,3421,255 
Cost of revenue(2,106)(2,298)(1,199)    
Cost of goods and services sold(1,902)(2,034)(1,080)    
Gross profit:1,1031,1086691,5261,3421,255 
Operating expenses(993)(1,555)(816)(1,371)(1,191)(1,114)(9)
Other undisclosed operating loss   (97)(116)(80) 
Operating income (loss):109(448)(147)583561(9)
Nonoperating income (expense)(197)(258)(60)10(2) 
Other nonoperating income (expense)19 1010(2) 
Interest and debt expense(49)(44)(6)(39)(35)(30) 
Income (loss) from continuing operations before equity method investments, income taxes:(137)(750)(213)20(0)29(9)
Other undisclosed income from continuing operations before income taxes49446    
Income (loss) from continuing operations before income taxes:(88)(706)(207)20(0)29(9)
Income tax expense (benefit)(48)3386(2)(0)2 
Net income (loss):(136)(672)(121)18(1)32(9)
Net income attributable to noncontrolling interest1210   
Net income (loss) available to common stockholders, diluted:(135)(670)(120)18(1)32(9)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(136)(672)(121)18(1)32(9)
Other comprehensive income (loss)104215(1)(1)(1) 
Comprehensive income (loss):(126)(630)(106)17(2)31(9)
Comprehensive income, net of tax, attributable to noncontrolling interest1210   
Comprehensive income (loss), net of tax, attributable to parent:(125)(629)(105)17(2)31(9)

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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