Nexstar Media Group, Inc. (NXST) Financial Statements (2024 and earlier)

Company Profile

Business Address 545 EAST JOHN CARPENTER FREEWAY
IRVING, TX 75062
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4833 - Television Broadcasting Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments204191153232145116
Cash and cash equivalents204191153232145116
Restricted cash and investments16161717  
Receivables1,0791,021905884547563
Other current assets    1522372
Other undisclosed current assets3151851366752306
Total current assets:1,6151,4131,2101,3527671,056
Noncurrent Assets
Property, plant and equipment1,2621,5121,6051,290732734
Long-term investments and receivables1,1191,2191,3341,477  
Long-term investments1,1191,2191,3341,477  
Intangible assets, net (including goodwill)8,3058,6799,5229,9055,4385,492
Goodwill2,9613,0522,9842,9972,1682,143
Intangible assets, net (excluding goodwill)5,3455,6276,5386,9083,2703,349
Other noncurrent assets378396418452125199
Other undisclosed noncurrent assets  45(684)(487)  
Total noncurrent assets:11,06411,85212,19412,6386,2956,425
TOTAL ASSETS:12,67913,26413,40413,9907,0627,482
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities517564526700244230
Interest and dividends payable✕✕   3240
Accounts payable1982482181576831
Accrued liabilities320316307543144159
Debt12447221459693
Program rights obligations      17
Other liabilities515678601217
Other undisclosed current liabilities2011201054252314
Total current liabilities:893787731948404671
Noncurrent Liabilities
Long-term debt and lease obligation6,8277,3687,6478,5843,8854,270
Long-term debt, excluding current maturities6,8277,3687,6478,3833,8854,270
Finance lease, liability    15✕✕
Liabilities, other than long-term debt, including:2,1892,2522,490895270341
Deferred tax liabilities, net✕✕✕✕✕634619
Deferred income tax liabilities1,6061,7291,674 ✕✕
Other liabilities584523816895270341
Operating lease, liability    186✕✕
Other undisclosed liabilities, other than long-term debt     (634)(619)
Other undisclosed noncurrent liabilities    1,510634619
Total noncurrent liabilities:9,0169,62010,13710,9894,7895,230
Total liabilities:9,91010,40710,86711,9365,1935,900
Equity
Equity, attributable to parent, including:2,7412,8502,5182,0311,8531,571
Common stock 1     
Treasury stock, value(1,607)(807)(367)(121)(106)(78)
Additional paid in capital1,2881,3111,3631,3541,3521,343
Accumulated other comprehensive income (loss)271423520(14)6
Retained earnings3,0332,2041,488779620300
Other undisclosed equity, attributable to parent  00000
Equity, attributable to noncontrolling interest28718221611
Total equity:2,7692,8572,5372,0531,8691,581
TOTAL LIABILITIES AND EQUITY:12,67913,26413,40413,9907,0627,482

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,2114,6484,5013,0392,7672,432
Revenue, net✕✕✕✕✕✕2,432
Cost of revenue(2,237)(1,970)(1,907)(1,470)(1,118)(993)
Cost of goods and services sold(2,005)(1,862)(1,721)(1,349)(1,118)(993)
Gross profit:2,9742,6782,5951,5701,6491,439
Operating expenses(1,662)(1,503)(1,219)(914)(2,009)(1,913)
Other undisclosed operating income     1,118993
Operating income:1,3121,1751,375655758519
Nonoperating income (expense) 48(2)(1)(1)(2)(1)
Investment income, nonoperating 56     
Other nonoperating expense (8)(2)(1)(1)(2)(1)
Interest and debt expense (3)(3)(51)(10)(12)(35)
Income from continuing operations before equity method investments, income taxes:1,3571,1701,324644743483
Income from equity method investments1531257018  
Other undisclosed loss from continuing operations before income taxes(294)(202)(289)(289)(210)(241)
Income from continuing operations before income taxes:1,2171,0931,105373533241
Income tax expense (benefit)(274)(263)(297)(137)(145)234
Income from continuing operations:944830808236388475
Income before gain (loss) on sale of properties:✕✕830808236388475
Net income:944830808236388475
Net income (loss) attributable to noncontrolling interest2843(6)1(0)
Net income available to common stockholders, diluted:971835811230389475

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:944830808236388475
Other comprehensive income (loss)3937(5)(12)72
Other undisclosed comprehensive income (loss)(154)702046(28)4
Comprehensive income:829938823270368481
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2843(6)1(0)
Comprehensive income, net of tax, attributable to parent:857942826264369481

Statements Sources

The financial statements are based on the Company's filings with 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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