Nexstar Media Group, Inc. (NXST) financial statements (2020 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)

12/31/2019
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 investments232145116884313240
Cash and cash equivalents232145116884313240
Restricted cash and investments17  27   
Receivables884547563218193128109
Prepaid expense and other current assets6
Deferred tax assets    4239
Other current assets15223725724186 
Other undisclosed current assets6752306(27) (170)7
Total current assets:1,3527671,056363260318201
Noncurrent Assets
Property, plant and equipment1,290732734276267238212
Long-term investments and receivables1,477      
Long-term investments1,477      
Intangible assets, net (including goodwill)9,9055,4385,4921,3411,255773650
Goodwill2,9972,1682,143473452256198
Intangible assets, net (excluding goodwill)6,9083,2703,349867804516452
Restricted cash and investments   901   
Other noncurrent assets4521251998553119 
Prepaid expense and other noncurrent assets101
Deferred tax assets, net    15 
Other undisclosed noncurrent assets(487)      
Total noncurrent assets:12,6386,2956,4252,6031,5751,145963
TOTAL ASSETS:13,9907,0627,4822,9661,8351,4621,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities700244230135976845
Accounts payable157683120261610
Accrued liabilities54314415971603324
Employee-related liabilities     1010
Taxes payable    051
Interest and dividends payable 324044115 
Debt14596932822167
Program rights obligations  171718106
Other liabilities60121710965
Other undisclosed current liabilities4252314  (2)21
Total current liabilities:9484046711901469784
Noncurrent Liabilities
Long-term debt and lease obligation8,5843,8854,2702,3141,4541,2201,064
Long-term debt, excluding current maturities8,3833,8854,2702,3141,4541,2201,064
Finance lease, liability15
Operating lease, liability186
Liabilities, other than long-term debt, including:8952703411781498829
Deferred revenue and credits    5
Deferred tax liabilities, net63461913210244 
Other liabilities89527034146473421
Program rights obligations      7
Other undisclosed liabilities, other than long-term debt (634)(619)  10(4)
Other undisclosed noncurrent liabilities1,510634619    
Total noncurrent liabilities:10,9894,7895,2302,4921,6031,3081,093
Total liabilities:11,9365,1935,9002,6821,7491,4061,177
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0311,8531,5711698153(13)
Common stock      0
Treasury stock, value(121)(106)(78)(42)(48)  
Additional paid in capital1,3541,3521,343387396398397
Accumulated other comprehensive income (loss)20(14)6    
Retained earnings (accumulated deficit)779620300(177)(268)(346)(410)
Other undisclosed stockholders' equity attributable to parent000000 
Stockholders' equity attributable to noncontrolling interest22161111564 
Total stockholders' equity:2,0531,8691,5812848657(13)
TOTAL LIABILITIES AND EQUITY:13,9907,0627,4822,9661,8351,4621,164

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
Revenues3,0392,7672,4321,103896631502
Revenue, net2,4321,103896631502
Cost of revenue(1,470)(1,118)(993)(382)(302)(187)(148)
Cost of goods and services sold(1,349)(1,118)(993)(382)(302)(187)(148)
Gross profit:1,5701,6491,439721594444355
Operating expenses(914)(2,009)(1,913)(816)(690)(458)(399)
Other undisclosed operating income 1,118993382302187148
Operating income:655758519287206173103
Nonoperating income (expense)(1)(2)(1)1(1)(0)(1)
Investment income, nonoperating   1 0 
Other nonoperating expense(1)(2)(1)(1)(1)(1)(1)
Interest and debt expense(10)(12)(35)(117) (3)(35)
Income from continuing operations before equity method investments, income taxes:64474348317120617067
Income from equity method investments18      
Other undisclosed loss from continuing operations before income taxes(289)(210)(241) (81)(60)(66)
Income from continuing operations before income taxes:3735332411711251111
Income tax expense (benefit)(137)(145)234(78)(49)(46)(3)
Net income (loss):236388475937665(2)
Net income (loss) attributable to noncontrolling interest(6)1(0)(2)1  
Net income (loss) available to common stockholders, diluted:230389475927865(2)

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 (loss):236388475937665(2)
Other comprehensive income (loss)(12)72    
Other undisclosed comprehensive income (loss)46(28)4    
Comprehensive income (loss):270368481937665(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)1(0)(2)1  
Comprehensive income (loss), net of tax, attributable to parent:264369481927865(2)

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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