Gray television inc (GTN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues (less agency commissions)
Revenue (less agency commissions)

2,122,000

1,084,000

883,000

812,465

597,356

508,134

346,298

404,831

307,131

346,058

270,374

Operating expenses before depreciation, amortization and gain on disposal of assets, net:
Broadcast

-

-

-

474,994

374,182

285,990

217,411

212,286

194,196

196,353

187,583

Corporate and administrative

104,000

41,000

32,000

40,319

34,343

29,203

19,810

15,927

14,173

13,545

14,168

Depreciation

80,000

54,000

52,000

45,923

36,712

30,248

24,096

23,133

26,183

30,630

32,595

Amortization of intangible assets

115,000

21,000

25,000

16,596

11,982

8,297

336

75

125

479

577

Gain on disposal of assets, net

54,000

17,000

74,000

-329

-80

-623

-765

31

2,894

1,909

7,628

Operating expenses

1,644,000

695,000

593,000

578,161

457,299

354,361

262,418

251,390

231,783

239,098

227,295

Operating income

478,000

389,000

290,000

234,304

140,057

153,773

83,880

153,441

75,348

106,960

43,079

Other income (expense):
Miscellaneous income, net

4,000

6,000

1,000

610

103

23

0

2

3

44

54

Interest expense

227,000

107,000

95,000

97,236

74,411

68,913

52,445

59,443

61,777

70,045

69,088

Loss from early extinguishment of debt

0

0

-3,000

-31,987

0

-5,086

0

-46,683

-

-349

-8,352

Income (loss) before income taxes

255,000

288,000

193,000

105,691

65,749

79,797

31,435

47,317

13,574

36,610

-34,307

Income tax expense

76,000

77,000

-69,000

43,418

26,448

31,736

13,147

19,188

4,539

13,447

-11,260

Net income (loss)

179,000

211,000

262,000

62,273

39,301

48,061

18,288

28,129

9,035

23,163

-23,047

Preferred stock dividends

52,000

0

0

-

-

-

-

4,095

7,240

14,582

17,119

Net income (loss) attributable to common stockholders

127,000

211,000

262,000

-

-

-

-

24,034

1,795

8,581

-40,166

Basic per common share information:
Net income (loss) attributable to common stockholders (in dollars per share)

1.28

2.39

3.59

0.87

0.58

0.83

0.32

0.42

0.03

0.16

-0.83

Weighted average shares outstanding (in shares)

99,000

88,000

73,000

71,848

68,330

57,862

57,630

57,170

57,117

54,322

48,510

Diluted per common share information:
Net income (loss) attributable to common stockholders (in dollars per share)

1.27

2.37

3.55

0.86

0.57

0.82

0.32

0.42

0.03

0.16

-0.83

Weighted average shares outstanding (in shares)

100,000

89,000

74,000

72,764

68,987

58,364

57,972

57,262

57,118

54,324

48,510

Dividends declared per common share (in dollars per share)

0.00

0.00

0.00

-

0.00

0.00

0.00

0.00

-

-

-

Broadcasting, Segment [Member]
Revenue (less agency commissions)

2,035,000

1,084,000

883,000

-

-

-

-

-

-

-

-

Cost of goods and services sold

1,325,000

596,000

558,000

-

-

-

-

-

-

-

-

Operating expenses

1,451,000

653,000

-

-

-

-

-

-

-

-

-

Operating income

584,000

431,000

-

-

-

-

-

-

-

-

-

Interest expense

0

0

-

-

-

-

-

-

-

-

-

Production Companies, Segment [Member]
Revenue (less agency commissions)

87,000

0

0

-

-

-

-

-

-

-

-

Cost of goods and services sold

74,000

0

0

-

-

-

-

-

-

-

-

Operating expenses

87,000

0

-

-

-

-

-

-

-

-

-

Operating income

0

0

-

-

-

-

-

-

-

-

-

Interest expense

0

0

-

-

-

-

-

-

-

-

-