GRAY TELEVISION INC GTN Income Statement

Gray television inc (GTN)

Income statement / TTM

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)
2,138,000	2,122,000	1,872,000	1,634,000	1,376,000	1,084,000	988,881	928,858	905,539	883,000	886,738	872,251	842,203	812,465	744,333	690,945	637,776	597,356	605,755	586,355	550,140	508,134	425,804	382,390	359,426	346,298	377,329	391,920	402,326	404,831	362,914	336,553	318,063	307,131	307,806	306,924	0	0	0
Operating expenses before depreciation, amortization and gain on disposal of assets, net:
Broadcast
-	-	-	-	-	-	-	-	-	-	535,155	516,330	499,982	474,994	448,589	426,793	395,903	374,182	358,599	332,896	312,453	285,990	258,198	238,496	224,301	217,411	215,468	213,986	215,008	212,286	205,044	201,688	196,789	194,196	194,583	191,997	0	0	0
Corporate and administrative
71,000	104,000	94,000	91,000	81,000	41,000	37,528	34,858	32,290	32,000	33,366	32,259	32,351	40,319	42,455	45,254	43,174	34,343	30,898	26,147	29,551	29,203	27,841	27,040	22,485	19,810	18,769	18,309	16,645	15,927	14,389	14,468	14,241	14,173	13,898	13,646	0	0	0
Depreciation
81,000	80,000	74,000	67,000	60,000	54,000	53,445	53,530	53,371	52,000	50,241	48,650	47,426	45,923	44,043	41,903	39,040	36,712	35,556	34,430	32,662	30,248	27,932	25,728	24,680	24,096	23,563	23,264	23,042	23,133	23,349	24,154	25,076	26,183	27,661	29,062	0	0	0
Amortization of intangible assets
112,000	115,000	92,000	68,000	45,000	21,000	21,316	22,776	24,433	25,000	22,915	20,690	18,275	16,596	15,632	14,610	13,099	11,982	11,721	12,331	10,779	8,297	5,587	1,773	606	336	59	69	75	75	84	94	110	125	217	308	0	0	0
Gain on disposal of assets, net
58,000	54,000	-7,000	4,000	6,000	17,000	-4,139	-2,799	75,527	74,000	74,744	76,050	-2,504	-329	548	654	1,550	-80	-800	-558	-274	-623	-1,206	-1,249	-1,124	-765	-367	-346	124	31	1,474	2,532	2,816	2,894	1,959	1,409	0	0	0
Operating expenses
1,576,000	1,644,000	1,423,000	1,216,000	997,000	695,000	696,647	694,724	609,011	593,000	566,933	541,879	600,538	578,161	550,171	527,906	489,666	457,299	437,574	406,362	385,719	354,361	320,764	294,286	273,196	262,418	258,226	255,974	254,646	251,390	241,392	237,872	233,400	231,783	234,400	233,604	0	0	0
Operating income
562,000	478,000	449,000	418,000	379,000	389,000	292,234	234,134	296,528	290,000	319,805	330,372	241,665	234,304	194,162	163,039	148,110	140,057	168,181	179,993	164,421	153,773	105,040	88,104	86,230	83,880	119,103	135,946	147,680	153,441	121,522	98,681	84,663	75,348	73,406	73,320	0	0	0
Other income (expense):
Miscellaneous income, net
0	4,000	4,000	5,000	0	-	0	0	-	1,000	277	155	134	610	741	739	665	103	113	88	0	-	0	0	-	-	-	0	1	2	5	0	0	-	-	0	-	0	0
Interest expense
221,000	227,000	206,000	174,000	141,000	107,000	97,811	97,018	95,809	95,000	94,955	98,674	99,152	97,236	92,119	82,838	77,156	74,411	74,957	74,931	72,169	68,913	64,373	58,410	55,179	52,445	51,789	54,288	56,820	59,443	60,713	60,723	60,940	61,777	63,179	65,445	0	0	0
Loss from early extinguishment of debt
-	-	-	-	-	-	-	-	-	-3,000	-2,851	-34,838	-34,527	-31,987	-31,987	0	0	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
341,000	255,000	252,000	253,000	247,000	288,000	195,867	138,712	201,166	193,000	222,276	197,015	108,120	105,691	70,797	80,940	71,619	65,749	93,146	104,967	87,196	79,797	35,784	24,800	31,050	31,435	20,631	34,975	44,178	47,317	60,811	37,960	23,728	13,574	10,215	7,882	0	0	0
Income tax expense
91,000	76,000	78,000	77,000	74,000	77,000	-91,751	-103,222	-70,329	-69,000	90,060	80,328	44,332	43,418	29,371	32,692	28,923	26,448	37,579	42,069	34,817	31,736	13,775	9,658	12,355	13,147	9,653	15,197	18,550	19,188	22,998	14,036	8,239	4,539	3,247	2,364	0	0	0
Net income (loss)
250,000	179,000	174,000	176,000	173,000	211,000	287,618	241,934	271,495	262,000	132,216	116,687	63,788	62,273	41,426	48,248	42,696	39,301	55,567	62,898	52,379	48,061	22,009	15,142	18,695	18,288	10,978	19,778	25,628	28,129	37,813	23,924	15,489	9,035	6,968	5,518	0	0	0
Preferred stock dividends
52,000	52,000	39,000	26,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,095	5,297	6,021	6,630	7,240	7,323	11,819	0	0	0
Net income (loss) attributable to common stockholders
198,000	127,000	135,000	150,000	160,000	211,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,034	32,516	17,903	8,859	1,795	-355	-6,301	0	0	0
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)
2,069,000	2,035,000	1,810,000	1,588,000	1,339,000	1,084,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
1,304,000	1,325,000	1,145,000	974,000	802,000	596,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets, net
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
1,431,000	1,451,000	1,260,000	1,073,000	877,000	653,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
638,000	584,000	549,000	514,000	462,000	431,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production Companies, Segment [Member]
Revenue (less agency commissions)
69,000	87,000	62,000	46,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services sold
58,000	74,000	57,000	44,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
71,000	87,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-