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)

12/31/2019
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 investments621609977129118469
Cash and cash equivalents291369977129118469
Short-term investments3225     
Receivables601446439622575912834
Inventory, net of allowances, customer advances and progress billings     3950
Inventory     3950
Disposal group, including discontinued operation    770 
Assets held-for-sale396
Deferred tax assets     21
Other undisclosed current assets4428999294341153
Total current assets:7076356377918051,4801,923
Noncurrent Assets
Operating lease, right-of-use asset103
Property, plant and equipment4863753354504581,6091,670
Long-term investments and receivables282327375696165
Long-term investments282327375696165
Intangible assets, net (including goodwill)5,5124,1233,8537,0816,9857,7405,268
Goodwill2,9512,5972,5794,0683,9204,5003,790
Intangible assets, net (excluding goodwill)2,5621,5261,2733,0133,0653,2401,477
Disposal group, including discontinued operation, noncurrent assets    1 
Deferred costs  1052123  
Other noncurrent assets2236435842  
Deferred tax assets, net     (588)
Other undisclosed noncurrent assets9684577468281803
Total noncurrent assets:6,2474,6424,3257,7527,7339,7257,317
TOTAL ASSETS:6,9545,2774,9628,5438,53811,2059,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities241257220505431868408
Accounts payable52835312188247176
Accrued liabilities614958194131274 
Employee-related liabilities645354104116226214
Taxes payable319 13161118
Interest and dividends payable6153547381110 
Debt  11186
Disposal group, including discontinued operation    5  
Program rights obligations120112105    
Deferred revenue and credits 113133217223
Other undisclosed current liabilities    3735370
Total current liabilities:3613693256196071,1281,007
Noncurrent Liabilities
Long-term debt and lease obligation4,2852,9443,0074,0434,2014,4883,707
Long-term debt, excluding current maturities4,1792,9443,0074,0434,2014,4883,707
Operating lease, liability106
Liabilities, other than long-term debt7172256351,2821,2492,0801,617
Pension and other postretirement defined benefit plans, liabilities761
Accounts payable and accrued liabilities71420231857 
Accrued income taxes50
Deferred tax liabilities, net 382929883650588
Deferred income tax liabilities516
Liability, pension and other postretirement and postemployment benefits1271391441871791,039
Other liabilities677288142169333218
Other undisclosed noncurrent liabilities 397     
Total noncurrent liabilities:5,0023,5673,6425,3245,4506,5685,324
Total liabilities:5,3643,9363,9675,9436,0567,6966,331
Temporary equity, carrying amount   462520 
Stockholders' equity
Stockholders' equity attributable to parent1,5901,3419952,2712,1923,2552,693
Common stock324324324324324324324
Treasury stock, value(5,494)(5,578)(5,668)(5,750)(5,652)(5,440)(5,411)
Additional paid in capital247301382474540546552
Accumulated other comprehensive loss(143)(137)(107)(162)(131)(779)(494)
Retained earnings6,6556,4306,0637,3857,1118,6027,721
Stockholders' equity attributable to noncontrolling interest   282265234202
Total stockholders' equity:1,5901,3419952,5532,4573,4892,895
Other undisclosed liabilities and equity      15
TOTAL LIABILITIES AND EQUITY:6,9545,2774,9628,5438,53811,2059,241

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
Revenues2,2992,2071,9033,3413,0516,0085,161
Revenue, net    3,578
Cost of revenue(1,362)(1,163)(934)(1,039)(947)(3,285)(3,074)
Cost of goods and services sold(1,228)(1,066)  (923)(3,049)(2,882)
Gross profit:9381,0459692,3032,1042,7232,088
Operating expenses(379)(346)(309)(1,209)(1,191)(1,665)(1,348)
Other undisclosed operating loss  (114)(122)   
Operating income:5596985469729131,058739
Nonoperating income (expense)(183)(190)(235)(260)(290)298(180)
Investment income, nonoperating     148 
Other nonoperating income (expense)12(11)(35)(20)(12)404(48)
Interest and debt expense(205)(192)(210)(232)(274)(273)(176)
Income from continuing operations before equity method investments, income taxes:1703171004803491,083383
Income from equity method investments     16744
Other undisclosed income from continuing operations before income taxes205192210232274106132
Income from continuing operations before income taxes:3765093117126231,356559
Income tax expense (benefit)(89)(107)137(217)(202)(226)(113)
Income from continuing operations:2864014484954211,130446
Income (loss) from discontinued operations 4(233)(7)102  
Net income:2864062154885231,130446
Net income (loss) attributable to noncontrolling interest  59(51)(63)(68)(57)
Net income available to common stockholders, diluted:2864062744374601,062389

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:2864062154885231,130446
Other comprehensive income (loss)(6)(5)54(35)38(292)209
Other undisclosed comprehensive loss  (3)(5)(2)(3)(2)
Comprehensive income:280401266448559835653
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  56(39)(55)(57)57
Other undisclosed comprehensive loss, net of tax, attributable to parent      (114)
Comprehensive income, net of tax, attributable to parent:280401322409504777596

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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