GRAY TELEVISION INC GTN Balance Sheet

Gray television inc (GTN)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets:
Cash
296	212	326	251	225	667	550	510	443	462	172	42	23	325	230	176	120	97	81	222	224	30	79	66	27	13	43	23	20	11	45	28	15	5	9	3	5
Accounts receivable, less allowance for credit losses of $12 and $11, respectively
385	411	402	390	414	184	180	176	168	171	166	169	156	146	149	147	137	121	110	105	99	106	95	84	69	70	59	61	58	62	61	60	57	62	56	56	64
Current portion of program broadcast rights, net
17	25	34	9	18	15	19	4	9	14	19	4	9	-	-	-	-	-	-	-	-	-	-	-	5	-	10	2	4	7	10	2	4	7	9	2	9
FCC spectrum auction proceeds receivable
-	-	-	-	-	-	-	-	-	-	-	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid income taxes
-	-	-	-	-	-	7	25	22	13	15	15	14	14	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid and other current assets
23	24	27	33	17	7	3	4	6	4	5	5	7	5	19	19	6	6	4	10	6	2	11	11	11	5	5	3	4	2	2	3	4	1	3	3	2
Total current assets
721	672	789	683	674	873	762	722	649	666	379	329	212	505	467	397	323	285	228	360	355	168	233	198	147	130	130	103	101	96	123	97	84	79	81	68	84
Property and equipment, net
731	725	695	686	672	363	343	342	343	350	351	346	339	326	328	320	322	234	229	210	213	221	217	191	139	143	135	135	135	135	135	133	135	137	137	139	137
Operating leases right of use asset
61	50	52	66	72	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	17	17	18	19	18	16	17	10	10	11	11	9	8	9	10	10	11	12
Broadcast licenses
3,573	3,573	3,558	3,558	3,534	1,530	1,530	1,530	1,530	1,530	1,530	1,522	1,492	1,340	1,340	1,338	1,338	1,114	1,058	1,023	1,023	1,023	1,023	936	838	838	820	820	820	819	819	818	818	818	818	818	818
Goodwill
1,446	1,446	1,449	1,452	1,434	612	614	611	611	611	611	610	571	485	485	485	484	423	398	374	374	374	371	320	184	184	170	170	170	170	170	170	170	170	170	170	170
Other intangible assets, net
434	460	469	497	517	53	58	63	68	73	80	78	70	56	60	64	69	53	51	43	46	47	-	-	-	2	0	0	0	-	0	0	0	0	0	0	0
Investment in broadcasting and technology companies
46	31	17	17	17	17	16	16	16	16	16	16	16	16	16	16	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	31	31	31	-	49	49	49	49	18	18	18	18	34	34	34	34	12	12	12	12	2	2	2	2	2	2	2
Restricted cash
-	-	0	0	-	752	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
16	15	75	42	75	13	13	14	13	11	12	33	29	22	21	21	5	3	97	2	3	3	3	2	3	3	3	2	2	2	2	3	3	3	3	3	4
Total assets
7,028	6,972	7,104	7,001	6,995	4,213	3,339	3,301	3,232	3,260	3,013	2,969	2,765	2,752	2,721	2,645	2,558	2,127	2,092	2,046	2,049	1,871	1,931	1,723	1,345	1,334	1,285	1,257	1,255	1,249	1,274	1,246	1,236	1,233	1,237	1,227	1,242
Liabilities and stockholders’ equity:
Accounts payable
23	11	13	12	16	8	5	6	3	7	3	2	3	-	5	3	6	4	4	3	6	4	5	2	3	2	1	1	1	2	2	2	1	2	3	2	5
Employee compensation and benefits
44	67	59	50	44	35	27	25	21	30	25	23	20	-	25	24	21	28	23	18	18	25	21	17	11	16	12	10	10	9	14	12	10	11	11	11	12
Accrued interest
47	37	65	39	47	34	23	26	23	26	23	26	24	-	13	14	25	12	25	12	30	17	30	13	25	12	17	11	16	10	17	7	17	7	17	7	7
Accrued network programming fees
35	30	29	27	36	22	19	18	14	20	19	15	12	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	4	-	-	-	-	0	-	-	-
Other accrued expenses
24	32	25	27	28	18	12	10	7	11	9	9	8	-	9	8	11	14	13	6	7	6	8	5	15	5	4	6	5	4	12	8	6	6	4	3	4
Federal and state income taxes
22	13	18	27	33	14	-	19	9	8	4	4	3	-	1	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	2	2	2	2	3	3	3
Current portion of program broadcast obligations
18	28	37	9	19	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-	5	-	-	-	-	-	-	-
Deferred revenue
10	9	12	9	11	4	11	5	4	4	3	4	3	-	11	6	3	3	2	1	2	7	12	6	3	2	2	2	3	3	6	5	4	3	4	4	4
Dividends payable
13	13	13	13	13	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liabilities
7	6	7	6	6	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of finance lease liabilities
-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Program broadcast rights and obligations
18	28	37	9	19	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-	5	-	-	-	-	-	-	-
Current portion of program broadcast obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	12	4	7	9	12	5	7	10	13	6	14
Acquisition related liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	-	9	-	-	-	0	-	-	-	-	0	0	0
Current portion of long-term debt
-	-	14	14	14	-	-	37	6	6	6	6	5	-	-	-	4	-	-	-	-	-	6	5	0	0	-	-	-	-	4	4	4	4	4	4	4
Total current liabilities
243	246	292	233	268	150	120	154	100	131	115	99	92	-	97	73	92	87	91	55	79	80	113	69	70	63	54	41	50	47	72	48	55	49	62	45	58
Long-term debt, less current portion and deferred financing costs
3,700	3,697	3,881	3,881	3,882	2,549	1,800	1,799	1,830	1,831	1,831	1,832	1,748	-	1,755	1,705	1,631	1,220	1,235	1,235	1,236	1,236	1,300	1,202	842	842	833	833	832	832	815	816	817	827	819	820	821
Program broadcast obligations, less current portion
6	7	8	7	8	5	5	3	3	4	4	4	4	-	5	4	2	2	1	1	1	2	-	-	1	1	1	0	0	0	0	0	0	1	1	0	1
Deferred income taxes
820	810	780	760	743	285	279	272	267	261	437	427	380	-	369	368	357	351	313	309	296	292	293	241	226	225	194	189	186	184	177	167	160	157	158	157	157
Long-term deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	1	1	1	1
Long-term accrued dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	15	14	13	15	17	14
Accrued pension costs
38	38	30	33	33	33	34	37	37	37	33	33	33	-	33	34	35	36	31	33	45	43	26	27	27	26	41	40	39	39	34	35	35	34	20	20	18
Operating lease liabilities, less current portion
56	45	47	61	66	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease liabilites
-	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
13	15	13	13	15	4	1	1	1	1	1	1	1	-	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	1	1	1	1	1	1
Total liabilities
4,876	4,858	5,051	4,988	5,016	3,026	2,242	2,268	2,241	2,267	2,424	2,397	2,261	-	2,263	2,188	2,119	1,698	1,674	1,636	1,660	1,655	1,737	1,543	1,168	1,160	1,126	1,105	1,110	1,105	1,110	1,086	1,086	1,086	1,080	1,064	1,075
Commitments and contingencies (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	-	-	-	-	0	0	0	-	-	0	0	-	0	0	0
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date ($650 aggregate liquidation value at each date)
650	650	650	650	650	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	24	24	24	31	37	37
Stockholders’ equity:
Common stock
1,101	1,093	1,089	1,086	1,083	907	906	904	904	902	660	659	658	-	657	656	656	655	655	654	654	486	485	485	-	483	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
544	504	423	377	343	372	284	222	181	161	-3	-19	-89	-	-137	-136	-154	-163	-178	-185	-197	-202	-234	-248	-249	-251	-256	-263	-268	-269	-266	-281	-291	-293	-299	-299	-295
Accumulated other comprehensive loss, net of income tax benefit
-31	-31	-26	-26	-23	-21	-22	-22	-22	-22	-17	-17	-17	-	-17	-17	-17	-17	-13	-13	-20	-20	-10	-10	-10	-10	-20	-20	-20	-20	-16	-16	-16	-16	-7	-7	-7
Stockholders' equity before treasury stock
1,645	1,597	1,515	1,464	1,430	1,285	1,194	1,130	1,088	1,066	662	645	573	-	524	523	504	493	481	474	453	279	257	242	240	236	221	214	207	206	212	197	187	185	187	187	191
Treasury stock at cost
117	107	86	75	75	72	72	72	72	49	49	49	45	-	42	42	42	41	41	41	41	41	40	40	-	40	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ equity
1,502	1,464	1,403	1,363	1,329	1,187	1,096	1,032	991	992	588	572	504	-	458	457	438	429	417	409	389	216	194	179	177	174	158	151	144	143	149	135	125	122	125	125	129
Total liabilities and stockholders’ equity
7,028	6,972	7,104	7,001	6,995	4,213	3,339	3,301	3,232	3,260	3,013	2,969	2,765	-	2,721	2,645	2,558	2,127	2,092	2,046	-	1,871	1,931	1,723	1,345	1,334	1,285	1,257	1,255	1,249	1,274	1,246	1,236	1,233	1,237	1,227	1,242
Syndicated Program Film Obliagtions, Current [Member]
Accrued network programming fees
-	-	-	-	-	-	20	5	10	15	20	5	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A [Member]
Common stock
31	31	29	27	27	27	26	25	25	24	23	23	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock at cost
26	26	26	26	26	26	25	25	25	24	24	24	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ equity
-	-	-	-	-	-	-	-	-	-	-	572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-