Nexstar Media Group, Inc. (NXST) financial statements (2021 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)

12/31/2020
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 investments1532321451168843132
Cash and cash equivalents1532321451168843132
Restricted cash and investments1717  27  
Receivables905884547563218193128
Deferred tax assets    42
Other current assets 15223725724186
Other undisclosed current assets1366752306(27) (170)
Total current assets:1,2101,3527671,056363260318
Noncurrent Assets
Property, plant and equipment1,6051,290732734276267238
Long-term investments and receivables1,3341,477     
Long-term investments1,3341,477     
Intangible assets, net (including goodwill)9,5229,9055,4385,4921,3411,255773
Goodwill2,9842,9972,1682,143473452256
Intangible assets, net (excluding goodwill)6,5386,9083,2703,349867804516
Restricted cash and investments    901  
Other noncurrent assets4184521251998553119
Deferred tax assets, net    15
Other undisclosed noncurrent assets(684)(487)     
Total noncurrent assets:12,19412,6386,2956,4252,6031,5751,145
TOTAL ASSETS:13,40413,9907,0627,4822,9661,8351,462
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5267002442301359768
Accounts payable2181576831202616
Accrued liabilities307543144159716033
Employee-related liabilities      10
Taxes payable     05
Interest and dividends payable  324044115
Debt221459693282216
Program rights obligations   17171810
Other liabilities786012171096
Other undisclosed current liabilities1054252314  (2)
Total current liabilities:73194840467119014697
Noncurrent Liabilities
Long-term debt and lease obligation7,6478,5843,8854,2702,3141,4541,220
Long-term debt, excluding current maturities7,6478,3833,8854,2702,3141,4541,220
Finance lease, liability 15
Operating lease, liability 186
Liabilities, other than long-term debt, including:2,49089527034117814988
Deferred tax liabilities, net63461913210244
Deferred income tax liabilities1,674 
Other liabilities816895270341464734
Other undisclosed liabilities, other than long-term debt  (634)(619)  10
Other undisclosed noncurrent liabilities 1,510634619   
Total noncurrent liabilities:10,13710,9894,7895,2302,4921,6031,308
Total liabilities:10,86711,9365,1935,9002,6821,7491,406
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5182,0311,8531,5711698153
Treasury stock, value(367)(121)(106)(78)(42)(48) 
Additional paid in capital1,3631,3541,3521,343387396398
Accumulated other comprehensive income (loss)3520(14)6   
Retained earnings (accumulated deficit)1,488779620300(177)(268)(346)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest1822161111564
Total stockholders' equity:2,5372,0531,8691,5812848657
TOTAL LIABILITIES AND EQUITY:13,40413,9907,0627,4822,9661,8351,462

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
Revenues4,5013,0392,7672,4321,103896631
Revenue, net2,4321,103896631
Cost of revenue(1,907)(1,470)(1,118)(993)(382)(302)(187)
Cost of goods and services sold(1,721)(1,349)(1,118)(993)(382)(302)(187)
Gross profit:2,5951,5701,6491,439721594444
Operating expenses(1,219)(914)(2,009)(1,913)(816)(690)(458)
Other undisclosed operating income  1,118993382302187
Operating income:1,375655758519287206173
Nonoperating income (expense)(1)(1)(2)(1)1(1)(0)
Investment income, nonoperating    1 0
Other nonoperating expense(1)(1)(2)(1)(1)(1)(1)
Interest and debt expense(51)(10)(12)(35)(117) (3)
Income from continuing operations before equity method investments, income taxes:1,324644743483171206170
Income from equity method investments7018     
Other undisclosed loss from continuing operations before income taxes(289)(289)(210)(241) (81)(60)
Income from continuing operations before income taxes:1,105373533241171125111
Income tax expense (benefit)(297)(137)(145)234(78)(49)(46)
Net income:808236388475937665
Net income (loss) attributable to noncontrolling interest3(6)1(0)(2)1 
Net income available to common stockholders, diluted:811230389475927865

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:808236388475937665
Other comprehensive income (loss)(5)(12)72   
Other undisclosed comprehensive income (loss)2046(28)4   
Comprehensive income:823270368481937665
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(6)1(0)(2)1 
Comprehensive income, net of tax, attributable to parent:826264369481927865

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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