GRAY TELEVISION INC GTN Income Statement

Gray television inc (GTN)

Income statement / 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	Mar'11	Sep'10	Jun'10
Revenues (less agency commissions)
Revenue (less agency commissions)
534,000	579,000	517,000	508,000	518,000	329,000	279,000	250,000	226,000	233,881	218,977	226,681	203,461	237,619	204,490	196,633	173,723	169,487	151,102	143,464	133,303	177,886	131,702	107,249	91,297	95,556	88,288	84,285	78,169	126,587	102,879	94,691	80,674	84,670	76,518	76,201	69,742	85,345	75,636
Operating expenses before depreciation, amortization and gain on disposal of assets, net:
Broadcast
-	-	-	-	-	-	-	-	-	-	139,542	133,683	133,556	128,374	120,717	117,335	108,568	101,969	98,921	86,445	86,847	86,386	73,218	66,002	60,384	58,594	53,516	51,807	53,494	56,651	52,034	52,829	50,772	49,409	48,678	47,930	48,179	49,796	46,092
Corporate and administrative
15,000	21,000	14,000	21,000	48,000	11,000	11,000	11,000	8,000	7,528	8,330	8,432	7,710	8,894	7,223	8,524	15,678	11,030	10,022	6,444	6,847	7,585	5,271	9,848	6,499	6,223	4,470	5,293	3,824	5,182	4,010	3,629	3,106	3,644	4,089	3,402	3,038	3,369	3,837
Depreciation
21,000	20,000	20,000	20,000	20,000	14,000	13,000	13,000	14,000	13,445	13,085	12,841	12,629	11,686	11,494	11,617	11,126	9,806	9,354	8,754	8,798	8,650	8,228	6,986	6,384	6,334	6,024	5,938	5,800	5,801	5,725	5,716	5,891	6,017	6,530	6,638	6,998	7,495	7,931
Amortization of intangible assets
26,000	29,000	29,000	28,000	29,000	6,000	5,000	5,000	5,000	6,316	6,460	6,657	5,567	4,231	4,235	4,242	3,888	3,267	3,213	2,731	2,771	3,006	3,823	1,179	289	296	9	12	19	19	19	18	19	28	29	34	34	120	120
Gain on disposal of assets, net
-6,000	81,000	-14,000	-3,000	-10,000	20,000	-3,000	-1,000	1,000	-1,139	-1,660	77,326	-527	-395	-354	-1,228	1,648	482	-248	-332	18	-238	-6	-48	-331	-821	-49	77	28	-423	-28	547	-65	1,020	1,030	831	13	85	480
Operating expenses
410,000	399,000	378,000	389,000	478,000	178,000	171,000	170,000	176,000	179,647	169,077	84,287	159,989	153,580	144,023	142,946	137,612	125,590	121,758	104,706	105,245	105,865	90,546	84,063	73,887	72,268	64,068	62,973	63,109	68,076	61,816	61,645	59,853	58,078	58,296	57,173	58,236	60,695	57,500
Operating income
124,000	180,000	139,000	119,000	40,000	151,000	108,000	80,000	50,000	54,234	49,900	142,394	43,472	84,039	60,467	53,687	36,111	43,897	29,344	38,758	28,058	72,021	41,156	23,186	17,410	23,288	24,220	21,312	15,060	58,511	41,063	33,046	20,821	26,592	18,222	19,028	11,506	24,650	18,136
Other income (expense):
Miscellaneous income, net
-1,000	0	0	1,000	3,000	-	0	1,000	-	593	152	162	93	-130	30	141	569	1	28	67	7	-	11	3	-	-	-	-1	1	0	0	0	2	-	-	3	-	-15	19
Interest expense
52,000	54,000	57,000	58,000	58,000	33,000	25,000	25,000	24,000	23,811	24,207	23,791	23,191	23,766	27,926	24,269	21,275	18,649	18,645	18,587	18,530	19,195	18,619	15,825	15,274	14,655	12,656	12,594	12,540	13,999	15,155	15,126	15,163	15,269	15,165	15,343	16,000	16,671	17,431
Loss from early extinguishment of debt
-	-	-	-	-	-	-	-	-	-149	0	-311	-2,540	0	-31,987	0	0	-	0	-	-	-	0	-4,897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
71,000	126,000	82,000	62,000	-15,000	123,000	83,000	56,000	26,000	30,867	25,845	118,454	17,834	60,143	584	29,559	15,405	25,249	10,727	20,238	9,535	52,646	22,548	2,467	2,136	8,633	11,564	8,717	2,521	-2,171	25,908	17,920	5,660	11,323	3,057	3,688	-4,494	7,964	724
Income tax expense
18,000	32,000	23,000	18,000	3,000	34,000	22,000	15,000	6,000	-134,751	10,529	47,893	7,329	24,309	797	11,897	6,415	10,262	4,118	8,128	3,940	21,393	8,608	876	859	3,432	4,491	3,573	1,651	-62	10,035	6,926	2,289	3,748	1,073	1,129	-1,411	2,456	190
Net income (loss)
53,000	94,000	59,000	44,000	-18,000	89,000	61,000	41,000	20,000	165,618	15,316	70,561	10,505	35,834	-213	17,662	8,990	14,987	6,609	12,110	5,595	31,253	13,940	1,591	1,277	5,201	7,073	5,144	870	-2,109	15,873	10,994	3,371	7,575	1,984	2,559	-3,083	5,508	534
Preferred stock dividends
13,000	13,000	13,000	13,000	13,000	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504	1,233	1,179	1,179	1,706	1,957	1,788	1,789	1,789	6,453
Net income (loss) attributable to common stockholders
40,000	81,000	46,000	31,000	-31,000	89,000	61,000	41,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,613	14,640	9,815	2,192	5,869	27	771	-4,872	3,719	-5,919
Basic per common share information:
Net income (loss) attributable to common stockholders (in dollars per share)
0.41	0.82	0.46	0.31	-0.31	1.01	0.70	0.46	0.22	2.25	0.21	0.98	0.15	0.49	0.00	0.25	0.13	0.22	0.09	0.17	0.10	0.54	0.24	0.03	0.02	0.09	0.12	0.09	0.02	-0.05	0.26	0.17	0.04	-	-	0.01	-	0.07	-0.11
Weighted average shares outstanding (in shares)
98,000	97,000	100,000	100,000	99,000	87,000	88,000	88,000	89,000	76,666	71,636	71,821	71,877	71,844	71,879	71,878	71,791	71,821	71,638	71,637	58,224	57,876	57,863	57,862	57,847	57,723	57,713	57,561	57,523	57,226	57,155	57,151	57,148	-	57,118	57,115	-	57,071	54,453
Diluted per common share information:
Net income (loss) attributable to common stockholders (in dollars per share)
0.40	0.81	0.46	0.31	-0.31	1.00	0.69	0.46	0.22	2.23	0.21	0.97	0.14	0.50	0.00	0.24	0.12	0.21	0.09	0.17	0.10	0.53	0.24	0.03	0.02	0.09	0.12	0.09	0.02	-0.05	0.26	0.17	0.04	-	-	0.01	-	0.07	-0.11
Weighted average shares outstanding (in shares)
99,000	99,000	101,000	101,000	99,000	89,000	89,000	88,000	90,000	78,526	72,454	72,501	72,519	73,847	71,879	72,748	72,582	72,600	72,341	72,270	58,737	58,465	58,394	58,311	58,286	58,170	58,078	57,939	57,701	57,423	57,287	57,190	57,148	-	57,118	57,116	-	57,072	54,453
Net income (loss) available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-	-
Dividends declared per common share (in dollars per share)
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-	-	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	-	-
Broadcasting, Segment [Member]
Revenue (less agency commissions)
515,000	554,000	501,000	499,000	481,000	329,000	279,000	250,000	226,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
335,000	339,000	316,000	314,000	356,000	159,000	145,000	142,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets, net
-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
372,000	357,000	347,000	355,000	392,000	166,000	160,000	159,000	168,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
143,000	197,000	154,000	144,000	89,000	162,000	119,000	92,000	58,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production Companies, Segment [Member]
Revenue (less agency commissions)
19,000	25,000	16,000	9,000	37,000	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
19,000	17,000	13,000	9,000	35,000	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
22,000	21,000	16,000	12,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-3,000	4,000	0	-3,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-