Nexstar Media Group, Inc. (NXST) financial statements (2022 and earlier)

Company profile

Business Address 545 EAST JOHN CARPENTER FREEWAY
IRVING, TX 75062
State of Incorp. DE
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)

12/31/2021
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 investments1911532321451168843
Cash and cash equivalents1911532321451168843
Restricted cash and investments161717  27 
Receivables1,021905884547563218193
Other current assets  15223725724
Other undisclosed current assets1851366752306(27) 
Total current assets:1,4131,2101,3527671,056363260
Noncurrent Assets
Property, plant and equipment1,5121,6051,290732734276267
Long-term investments and receivables1,2191,3341,477    
Long-term investments1,2191,3341,477    
Intangible assets, net (including goodwill)8,6799,5229,9055,4385,4921,3411,255
Goodwill3,0522,9842,9972,1682,143473452
Intangible assets, net (excluding goodwill)5,6276,5386,9083,2703,349867804
Restricted cash and investments     901 
Other noncurrent assets3964184521251998553
Other undisclosed noncurrent assets45(684)(487)    
Total noncurrent assets:11,85212,19412,6386,2956,4252,6031,575
TOTAL ASSETS:13,26413,40413,9907,0627,4822,9661,835
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56452670024423013597
Accounts payable24821815768312026
Accrued liabilities3163075431441597160
Taxes payable      0
Interest and dividends payable   32404411
Debt472214596932822
Program rights obligations    171718
Other liabilities5678601217109
Other undisclosed current liabilities1201054252314  
Total current liabilities:787731948404671190146
Noncurrent Liabilities
Long-term debt and lease obligation7,3687,6478,5843,8854,2702,3141,454
Long-term debt, excluding current maturities7,3687,6478,3833,8854,2702,3141,454
Finance lease, liability  15
Operating lease, liability  186
Liabilities, other than long-term debt, including:2,2522,490895270341178149
Deferred tax liabilities, net634619132102
Deferred income tax liabilities1,7291,674 
Other liabilities5238168952703414647
Other undisclosed liabilities, other than long-term debt   (634)(619)  
Other undisclosed noncurrent liabilities  1,510634619  
Total noncurrent liabilities:9,62010,13710,9894,7895,2302,4921,603
Total liabilities:10,40710,86711,9365,1935,9002,6821,749
Stockholders' equity
Stockholders' equity attributable to parent, including:2,8502,5182,0311,8531,57116981
Treasury stock, value(807)(367)(121)(106)(78)(42)(48)
Additional paid in capital1,3111,3631,3541,3521,343387396
Accumulated other comprehensive income (loss)1423520(14)6  
Retained earnings (accumulated deficit)2,2041,488779620300(177)(268)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest7182216111156
Total stockholders' equity:2,8572,5372,0531,8691,58128486
TOTAL LIABILITIES AND EQUITY:13,26413,40413,9907,0627,4822,9661,835

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
Revenues4,6484,5013,0392,7672,4321,103896
Revenue, net2,4321,103896
Cost of revenue(1,970)(1,907)(1,470)(1,118)(993)(382)(302)
Cost of goods and services sold(1,862)(1,721)(1,349)(1,118)(993)(382)(302)
Gross profit:2,6782,5951,5701,6491,439721594
Operating expenses(1,503)(1,219)(914)(2,009)(1,913)(816)(690)
Other undisclosed operating income   1,118993382302
Operating income:1,1751,375655758519287206
Nonoperating income (expense)(2)(1)(1)(2)(1)1(1)
Investment income, nonoperating     1 
Other nonoperating expense(2)(1)(1)(2)(1)(1)(1)
Interest and debt expense(3)(51)(10)(12)(35)(117) 
Income from continuing operations before equity method investments, income taxes:1,1701,324644743483171206
Income from equity method investments1257018    
Other undisclosed loss from continuing operations before income taxes(202)(289)(289)(210)(241) (81)
Income from continuing operations before income taxes:1,0931,105373533241171125
Income tax expense (benefit)(263)(297)(137)(145)234(78)(49)
Net income:8308082363884759376
Net income (loss) attributable to noncontrolling interest43(6)1(0)(2)1
Net income available to common stockholders, diluted:8358112303894759278

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:8308082363884759376
Other comprehensive income (loss)37(5)(12)72  
Other undisclosed comprehensive income (loss)702046(28)4  
Comprehensive income:9388232703684819376
Comprehensive income (loss), net of tax, attributable to noncontrolling interest43(6)1(0)(2)1
Comprehensive income, net of tax, attributable to parent:9428262643694819278

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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