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 investments10194121114197
Cash and cash equivalents10194121114197
Restricted cash and investments 20   
Receivables277363379384367
Inventory, net of allowances, customer advances and progress billings 45304026
Inventory 45304026
Prepaid expense 19430 
Other current assets121    
Other undisclosed current assets 40563540
Total current assets:500581590604630
Noncurrent Assets
Operating lease, right-of-use asset251
Property, plant and equipment7337969331,088897
Long-term investments and receivables 1388
Long-term investments 1388
Intangible assets, net (including goodwill)916950877853635
Goodwill775780738698576
Intangible assets, net (excluding goodwill)14117014015560
Deferred income tax assets31
Other noncurrent assets12953   
Other undisclosed noncurrent assets 98166293258
Total noncurrent assets:2,0601,8981,9802,2411,798
TOTAL ASSETS:2,5602,4782,5702,8452,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 44433619
Employee-related liabilities 444336 
Interest and dividends payable    19
Deferred revenue115
Debt156    
Deferred revenue and credits12313379
Contract with customer, liability117
Other liabilities4847   
Other undisclosed current liabilities282343344403393
Total current liabilities:601552510572490
Noncurrent Liabilities
Long-term debt and lease obligation433304355400 
Long-term debt, excluding current maturities173304355400 
Operating lease, liability260
Liabilities, other than long-term debt4625876871,016879
Accounts payable and accrued liabilities 22152522
Liability, pension and other postretirement and postemployment benefits322389505829700
Other liabilities140177167161156
Total noncurrent liabilities:8958921,0421,416879
Total liabilities:1,4971,4431,5531,9881,369
Stockholders' equity
Stockholders' equity attributable to parent1,0631,0351,0178571,059
Common stock11111
Treasury stock, value(50)(50)(50)(33) 
Additional paid in capital1,8321,8221,7871,7701,708
Accumulated other comprehensive loss(582)(617)(657)(883)(673)
Retained earnings (accumulated deficit)(138)(121)(64)123
Total stockholders' equity:1,0631,0351,0178571,059
TOTAL LIABILITIES AND EQUITY:2,5602,4782,5702,8452,428

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,7112,9173,1463,0472,885
Revenue, net3,1463,0472,885
Cost of revenue(1,804)(2,012)(1,960)(2,055)(1,978)
Cost of goods and services sold(1,210)(1,803)(1,960)(1,970)(1,867)
Gross profit:9069051,187992907
Operating expenses(837)(876)(1,124)(913)(737)
Other operating expense, net
(Other Expenses)
  (4)(3) 
Other undisclosed operating income  93 
Operating income:69296879169
Nonoperating income (expense)(33)1(27)(13)25
Other nonoperating income (expense)(6)26(10)(1)13
Interest and debt expense(28)(25)(17)(13) 
Income from continuing operations before equity method investments, income taxes:852454194
Other undisclosed income from continuing operations before income taxes28251713 
Income from continuing operations before income taxes:36304166194
Income tax expense(24)(15)(34)(14)(48)
Net income available to common stockholders, diluted:1115753146

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1115753146
Other comprehensive income (loss)1540226(209)5
Comprehensive income (loss):2655233(157)151
Other undisclosed comprehensive loss, net of tax, attributable to parent(61)    
Comprehensive income (loss), net of tax, attributable to parent:(35)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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