Gray Television, Inc. (GTN) financial statements (2022 and earlier)
Company profile
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 investments | 189 | 773 | 212 | 667 | 462 | 325 | 97 |
|
Cash and cash equivalents | 189 | 773 | 212 | 667 | 462 | 325 | 97 |
|
Receivables | 629 | 436 | 400 | 178 | 167 | 144 | 120 |
|
Prepaid expense | 40 | | | | 14 | 15 | |
|
Deferred tax assets | ✕ | ✕ | ✕ | | | 31 | 50 |
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Other undisclosed current assets | 105 | 95 | 60 | 28 | 24 | 22 | 19 |
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Total current assets: | 963 | 1,304 | 672 | 873 | 667 | 536 | 285 |
|
Noncurrent Assets |
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Operating lease, right-of-use asset | 70 | 57 | 50 | ✕ | ✕ | ✕ | ✕ |
|
Property, plant and equipment | 1,165 | 737 | 725 | 363 | 351 | 326 | 234 |
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Long-term investments and receivables | | | | | 17 | 17 | 14 |
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Long-term investments | | | | | 17 | 17 | 14 |
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Intangible assets, net (including goodwill), including: | 8,777 | 5,434 | 5,479 | 2,195 | 2,216 | 1,882 | 1,591 |
|
Goodwill | 2,649 | 1,460 | 1,446 | 612 | 611 | 485 | 423 |
|
Intangible assets, net (excluding goodwill) | 6,128 | 3,974 | 4,033 | 1,583 | 1,604 | 1,882 | 1,168 |
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Other undisclosed intangible assets, net (including goodwill) | | | | | | (485) | |
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Restricted cash and investments | | | | 752 | | | |
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Deferred costs | | | | | | | 15 |
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Other noncurrent assets | 16 | 39 | 29 | 14 | 11 | 22 | 3 |
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Other undisclosed noncurrent assets | 117 | 72 | 17 | 17 | | | |
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Total noncurrent assets: | 10,145 | 6,339 | 6,300 | 3,341 | 2,594 | 2,247 | 1,858 |
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TOTAL ASSETS: | 11,108 | 7,643 | 6,972 | 4,213 | 3,261 | 2,783 | 2,143 |
|
LIABILITIES AND EQUITY |
|
Liabilities |
|
Current Liabilities |
|
Accounts payable and accrued liabilities | 275 | 162 | 173 | 109 | 85 | 86 | 61 |
|
Accounts payable | 59 | 10 | 11 | 8 | 8 | 5 | 5 |
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Accrued liabilities | 44 | 29 | 32 | 17 | 12 | 14 | 14 |
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Employee-related liabilities | 97 | 53 | 67 | 35 | 30 | 31 | 29 |
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Taxes payable | 10 | 20 | 13 | 14 | 9 | 3 | 1 |
|
Interest and dividends payable | 65 | 50 | 50 | 34 | 27 | 32 | 13 |
|
Deferred revenue | 14 | 22 | 9 | ✕ | ✕ | ✕ | ✕ |
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Debt | 15 | | 6 | | 6 | | |
|
Liability for uncertainty in income taxes | | | | | | | 0 |
|
Program rights obligations | 37 | 25 | 28 | | | | |
|
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 4 | 5 | 4 |
|
Contract with customer, liability | ✕ | ✕ | ✕ | 4 | ✕ | ✕ | ✕ |
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Other undisclosed current liabilities | 43 | 46 | 30 | 38 | 36 | 29 | 22 |
|
Total current liabilities: | 384 | 255 | 246 | 150 | 131 | 119 | 88 |
|
Noncurrent Liabilities |
|
Long-term debt and lease obligation | 6,803 | 4,025 | 3,742 | 2,549 | 1,831 | 1,757 | 1,236 |
|
Long-term debt, excluding current maturities | 6,740 | 3,974 | 3,697 | 2,549 | 1,831 | 1,757 | 1,236 |
|
Operating lease, liability | 63 | 51 | 45 | ✕ | ✕ | ✕ | ✕ |
|
Liabilities, other than long-term debt | 1,514 | 960 | 870 | 327 | 306 | 414 | 391 |
|
Deferred tax liabilities, net | ✕ | ✕ | ✕ | 285 | 262 | 374 | 352 |
|
Deferred income tax liabilities | 1,471 | 885 | 810 | ✕ | ✕ | ✕ | ✕ |
|
Liability, pension and other postretirement and postemployment benefits | 24 | 43 | 38 | 33 | 38 | 34 | 36 |
|
Other liabilities | 14 | 27 | 15 | 3 | 2 | 1 | 1 |
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Program rights obligations | 5 | 5 | 7 | 5 | 4 | 5 | 2 |
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Total noncurrent liabilities: | 8,317 | 4,985 | 4,612 | 2,876 | 2,137 | 2,171 | 1,626 |
|
Total liabilities: | 8,701 | 5,240 | 4,858 | 3,026 | 2,268 | 2,290 | 1,714 |
|
Temporary equity, carrying amount | 650 | 650 | 650 | | | | |
|
Stockholders' equity |
|
Stockholders' equity attributable to parent, including: | 1,757 | 1,753 | 1,464 | 1,187 | 993 | 493 | 429 |
|
Common stock | | | | 907 | 903 | 658 | 655 |
|
Treasury stock, value | (223) | (188) | (107) | (72) | (50) | (45) | (42) |
|
Accumulated other comprehensive loss | (27) | (39) | (31) | (21) | (22) | (18) | (17) |
|
Retained earnings (accumulated deficit) | 869 | 862 | 504 | 372 | 162 | (101) | (164) |
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Other undisclosed stockholders' equity attributable to parent | 1,138 | 1,118 | 1,098 | 1 | 0 | (2) | (3) |
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Total stockholders' equity: | 1,757 | 1,753 | 1,464 | 1,187 | 993 | 493 | 429 |
|
TOTAL LIABILITIES AND EQUITY: | 11,108 | 7,643 | 6,972 | 4,213 | 3,261 | 2,783 | 2,143 |
Income statement (P&L) ($ in millions)
Comprehensive Income ($ in millions)
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.