Gray Television, Inc. (GTN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7732126674623259731
Cash and cash equivalents7732126674623259731
Receivables436400178167144120107
Prepaid expense   1415  
Deferred tax assets  315019
Other undisclosed current assets95602824221912
Total current assets:1,304672873667536285168
Noncurrent Assets
Operating lease, right-of-use asset5750
Property, plant and equipment737725363351326234222
Long-term investments and receivables   17171414
Long-term investments   17171414
Intangible assets, net (including goodwill), including:5,4345,4792,1952,2161,8821,5911,446
Goodwill1,4601,446612611485423374
Intangible assets, net (excluding goodwill)3,9744,0331,5831,6041,8821,1681,071
Other undisclosed intangible assets, net (including goodwill)    (485)  
Restricted cash and investments  752    
Deferred costs     1519
Other noncurrent assets392914112233
Other undisclosed noncurrent assets721717    
Total noncurrent assets:6,3396,3003,3412,5942,2471,8581,703
TOTAL ASSETS:7,6436,9724,2133,2612,7832,1431,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16217310985866156
Accounts payable101188555
Accrued liabilities2932171214146
Employee-related liabilities53673530312925
Taxes payable2013149312
Interest and dividends payable50503427321318
Deferred revenue229
Debt 6 6   
Liability for uncertainty in income taxes     01
Program rights obligations2528     
Deferred revenue and credits4547
Contract with customer, liability4
Other undisclosed current liabilities46303836292216
Total current liabilities:2552461501311198880
Noncurrent Liabilities
Long-term debt and lease obligation4,0253,7422,5491,8311,7571,2361,236
Long-term debt, excluding current maturities3,9743,6972,5491,8311,7571,2361,236
Operating lease, liability5145
Liabilities, other than long-term debt960870327306414391339
Deferred tax liabilities, net285262374352293
Deferred income tax liabilities885810
Liability, pension and other postretirement and postemployment benefits43383338343643
Other liabilities271532111
Program rights obligations5754522
Total noncurrent liabilities:4,9854,6122,8762,1372,1711,6261,575
Total liabilities:5,2404,8583,0262,2682,2901,7141,655
Temporary equity, carrying amount650650     
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7531,4641,187993493429216
Common stock  907903658655486
Treasury stock, value(188)(107)(72)(50)(45)(42)(41)
Accumulated other comprehensive loss(39)(31)(21)(22)(18)(17)(21)
Retained earnings (accumulated deficit)862504372162(101)(164)(203)
Other undisclosed stockholders' equity attributable to parent1,1181,09810(2)(3)(5)
Total stockholders' equity:1,7531,4641,187993493429216
TOTAL LIABILITIES AND EQUITY:7,6436,9724,2133,2612,7832,1431,872

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenue, net883812597508
Gross profit:2,3812,1221,084883812597508
Operating expenses(1,629)(1,644)(695)(592)(578)(457)(354)
Operating income:752478389291234140154
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5)460100
Interest and debt expense(203)(227)(107)(98)(129)(74)(77)
Other undisclosed income from continuing operations before equity method investments, income taxes      3
Income from continuing operations before income taxes:5442552881931066680
Income tax expense (benefit)(134)(76)(77)69(43)(26)(32)
Net income attributable to parent:410179211262623948
Preferred stock dividends and other adjustments(52)(52)     
Net income available to common stockholders, diluted:358127211262623948

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:410179211262623948
Other comprehensive income (loss)(8)(5)1(7)(1)6(24)
Comprehensive income:402174212255624524
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)(0)30(2)13
Comprehensive income, net of tax, attributable to parent:402169212257624338

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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