TEGNA Inc. (TGNA) financial statements (2021 and earlier)

Company profile

Business Address 8350 BROAD STREET
TYSONS, VA 22102-5151
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 investments61621609977129118
Cash and cash equivalents41291369977129118
Short-term investments203225    
Receivables565601446439622575912
Inventory, net of allowances, customer advances and progress billings      39
Inventory      39
Disposal group, including discontinued operation     770
Other undisclosed current assets474428999294341
Total current assets:6737076356377918051,480
Noncurrent Assets
Operating lease, right-of-use asset97103
Property, plant and equipment4704863753354504581,609
Long-term investments and receivables32282327375696
Long-term investments32282327375696
Intangible assets, net (including goodwill)5,4725,5124,1233,8537,0816,9857,740
Goodwill2,9692,9512,5972,5794,0683,9204,500
Intangible assets, net (excluding goodwill)2,5042,5621,5261,2733,0133,0653,240
Disposal group, including discontinued operation, noncurrent assets     1 
Deferred costs   1052123 
Other noncurrent assets222236435842 
Other undisclosed noncurrent assets839684577468281
Total noncurrent assets:6,1766,2474,6424,3257,7527,7339,725
TOTAL ASSETS:6,8496,9545,2774,9628,5438,53811,205
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities294241257220505431868
Accounts payable5852835312188247
Accrued liabilities78614958194131274
Employee-related liabilities46645354104116226
Taxes payable64319 131611
Interest and dividends payable476153547381110
Debt   1118
Disposal group, including discontinued operation     5 
Program rights obligations131120112105   
Deferred revenue and credits 113133217
Other undisclosed current liabilities     3735
Total current liabilities:4243613693256196071,128
Noncurrent Liabilities
Long-term debt and lease obligation3,6534,2852,9443,0074,0434,2014,488
Long-term debt, excluding current maturities3,5534,1792,9443,0074,0434,2014,488
Operating lease, liability99106
Liabilities, other than long-term debt6997172256351,2821,2492,080
Accounts payable and accrued liabilities771420231857
Deferred tax liabilities, net 382929883650
Deferred income tax liabilities530516
Liability, pension and other postretirement and postemployment benefits861271391441871791,039
Other liabilities75677288142169333
Other undisclosed noncurrent liabilities  397    
Total noncurrent liabilities:4,3515,0023,5673,6425,3245,4506,568
Total liabilities:4,7765,3643,9363,9675,9436,0567,696
Temporary equity, carrying amount15   462520
Stockholders' equity
Stockholders' equity attributable to parent2,0581,5901,3419952,2712,1923,255
Common stock324324324324324324324
Treasury stock, value(5,334)(5,494)(5,578)(5,668)(5,750)(5,652)(5,440)
Additional paid in capital113247301382474540546
Accumulated other comprehensive loss(121)(143)(137)(107)(162)(131)(779)
Retained earnings7,0766,6556,4306,0637,3857,1118,602
Stockholders' equity attributable to noncontrolling interest    282265234
Total stockholders' equity:2,0581,5901,3419952,5532,4573,489
TOTAL LIABILITIES AND EQUITY:6,8496,9545,2774,9628,5438,53811,205

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
Revenues2,9382,2992,2071,9033,3413,0516,008
Cost of revenue(1,618)(1,362)(1,163)(934)(1,039)(947)(3,285)
Cost of goods and services sold(1,503)(1,228)(1,066)  (923)(3,049)
Gross profit:1,3209381,0459692,3032,1042,723
Operating expenses(449)(379)(346)(309)(1,209)(1,191)(1,665)
Other undisclosed operating loss   (114)(122)  
Operating income:8715596985469729131,058
Nonoperating income (expense)(234)(183)(190)(235)(260)(290)298
Investment income, nonoperating      148
Other nonoperating income (expense)(34)12(11)(35)(20)(12)404
Interest and debt expense(210)(205)(192)(210)(232)(274)(273)
Income from continuing operations before equity method investments, income taxes:4271703171004803491,083
Income from equity method investments      167
Other undisclosed income from continuing operations before income taxes210205192210232274106
Income from continuing operations before income taxes:6373765093117126231,356
Income tax expense (benefit)(154)(89)(107)137(217)(202)(226)
Income from continuing operations:4832864014484954211,130
Income (loss) from discontinued operations  4(233)(7)102 
Net income:4832864062154885231,130
Net income (loss) attributable to noncontrolling interest0  59(51)(63)(68)
Net income attributable to parent:4832864062744374601,062
Preferred stock dividends and other adjustments0      
Other undisclosed net loss available to common stockholders, basic(1)      
Net income available to common stockholders, diluted:4822864062744374601,062

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:4832864062154885231,130
Other comprehensive income (loss)22(6)(5)54(35)38(292)
Other undisclosed comprehensive loss   (3)(5)(2)(3)
Comprehensive income:504280401266448559835
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0  56(39)(55)(57)
Comprehensive income, net of tax, attributable to parent:504280401322409504777

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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