Gray Television, Inc. (GTN) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments212667462325973113
Cash and cash equivalents212667462325973113
Receivables40017816714412010770
Prepaid expense  1415   
Deferred tax assets  31501934
Other undisclosed current assets60282422191213
Total current assets:672873667536285168131
Noncurrent Assets
Operating lease, right-of-use asset50
Property, plant and equipment725363351326234222144
Long-term investments and receivables  1717141414
Long-term investments  1717141414
Intangible assets, net (including goodwill), including:5,4792,1952,2161,8821,5911,4461,026
Goodwill1,446612611485423374184
Intangible assets, net (excluding goodwill)4,0331,5831,6041,8821,1681,071 
Other undisclosed intangible assets, net (including goodwill)   (485)  842
Restricted cash and investments 752     
Deferred costs    151917
Other noncurrent assets29141122333
Other undisclosed noncurrent assets1717     
Total noncurrent assets:6,3003,3412,5942,2471,8581,7031,204
TOTAL ASSETS:6,9724,2133,2612,7832,1431,8721,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1731098586615626
Accounts payable11885552
Accrued liabilities321712141465
Employee-related liabilities67353031292517
Taxes payable131493122
Interest and dividends payable503427321318 
Deferred revenue9
Debt6 6   0
Liability for uncertainty in income taxes    011
Program rights obligations28     2
Deferred revenue and credits45473
Contract with customer, liability4
Other undisclosed current liabilities30383629221631
Total current liabilities:246150131119888063
Noncurrent Liabilities
Long-term debt and lease obligation3,7422,5491,8311,7571,2361,236843
Long-term debt, excluding current maturities3,6972,5491,8311,7571,2361,236843
Operating lease, liability45
Liabilities, other than long-term debt870327306414391339255
Pension and other postretirement defined benefit plans, liabilities27
Deferred tax liabilities, net285262374352293225
Deferred income tax liabilities810
Liability, pension and other postretirement and postemployment benefits383338343643
Other liabilities15321111
Program rights obligations7545222
Total noncurrent liabilities:4,6122,8762,1372,1711,6261,5751,097
Total liabilities:4,8583,0262,2682,2901,7141,6551,160
Temporary equity, carrying amount650      
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4641,187993493429216174
Common stock 907903658655486 
Treasury stock, value(107)(72)(50)(45)(42)(41) 
Accumulated other comprehensive loss(31)(21)(22)(18)(17)(21)(10)
Retained earnings (accumulated deficit)504372162(101)(164)(203)(251)
Other undisclosed stockholders' equity attributable to parent1,09810(2)(3)(5)435
Total stockholders' equity:1,4641,187993493429216174
TOTAL LIABILITIES AND EQUITY:6,9724,2133,2612,7832,1431,8721,334

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenue, net883812597508346
Gross profit:2,1221,084883812597508346
Operating expenses(1,644)(695)(592)(578)(457)(354)(262)
Operating income:47838929123414015484
Nonoperating income
(Other Nonoperating income)
460100 
Interest and debt expense(227)(107)(98)(129)(74)(77)(52)
Other undisclosed income from continuing operations before equity method investments, income taxes     3 
Income from continuing operations before income taxes:255288193106668031
Income tax expense (benefit)(76)(77)69(43)(26)(32)(13)
Net income attributable to parent:17921126262394818
Preferred stock dividends and other adjustments(52)      
Net income available to common stockholders, diluted:12721126262394818

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17921126262394818
Other comprehensive income (loss)(5)1(7)(1)6(24) 
Comprehensive income:17421225562452418
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(0)30(2)1310
Comprehensive income, net of tax, attributable to parent:16921225762433828

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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