NEXSTAR MEDIA GROUP, INC. NXST Balance Sheet

Nexstar media group, inc. (NXST)

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
Current assets:
Cash and cash equivalents
434	232	317	79	128	145	118	147	109	115	135	85	72	87	29	27	12	43	23	26	44	131	68	32	50	40	24	45	22	68	12	12	11	7	7	12	23
Deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	50	49	-	38	38	38	38	8	8	-	8	-	-	-	-	0	0	-
Broadcast rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	13	14	16	18	14	16	10	-	-	-	-	7	6	7	8	19	8	-	5	-	-	-
Restricted cash and cash equivalents
16	16	16	-	-	-	-	-	-	-	-	-	-	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for doubtful accounts of $22,175 and $17,205, respectively
888	883	860	542	540	547	551	524	542	562	518	503	533	218	214	206	199	192	174	171	164	127	109	106	104	109	102	104	92	74	67	66	64	71	60	59	63
Spectrum asset
67	67	119	118	52	52	52	-	305	305	340	459	441	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of broadcast rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	20	12	18
Prepaid expenses and other current assets
107	151	121	34	22	22	44	45	44	71	34	30	33	30	27	14	6	7	7	3	5	5	13	12	10	13	5	2	11	2	2	1	1	1	1	0	2
Total current assets
1,514	1,351	1,435	775	743	767	766	717	1,001	1,056	1,029	1,078	1,082	363	287	261	234	260	289	266	281	275	230	189	204	201	149	168	134	163	101	88	90	85	90	84	107
Property and equipment, net
1,546	1,290	1,257	748	739	731	723	720	725	734	738	738	741	276	283	283	287	266	271	276	277	237	215	219	205	212	219	209	214	180	139	140	143	146	141	133	137
Broadcast rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	16	5	7	6	11	5	11
Goodwill
2,879	2,996	3,082	2,166	2,167	2,167	2,187	2,184	2,183	2,142	2,146	2,145	2,121	473	488	459	459	451	445	443	441	256	214	213	198	198	188	167	167	148	112	112	112	112	109	109	109
FCC licenses
2,832	2,921	3,106	1,778	1,778	1,778	1,772	1,767	1,767	1,767	1,813	1,831	2,022	542	542	501	501	489	489	489	489	322	253	253	247	222	247	222	222	198	119	119	119	119	115	106	105
FCC licenses of consolidated variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	43	41	66	41	41	41	21	21	21	21	21	20	20	21
Intangible assets, net
3,036	727	509	1,396	1,432	1,491	1,527	1,557	1,592	1,581	1,574	1,606	1,466	324	336	312	323	314	321	332	347	194	170	178	156	162	170	148	155	122	64	70	75	81	84	89	102
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	901	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	21	26	30	72	74	72	72	-	-	-	0	0	0	-
Assets held for sale
4	240	242	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments
1,322	1,477	1,499	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets, net
439	451	408	165	235	106	141	172	186	199	202	69	88	85	82	78	85	53	43	56	65	127	80	69	68	69	59	54	19	39	34	6	6	6	7	6	7
Total assets
13,575	13,989	14,103	7,031	7,097	7,062	7,119	7,119	7,457	7,481	7,504	7,469	7,523	2,966	2,920	1,898	1,892	1,835	1,860	1,865	1,903	1,414	1,220	1,189	1,148	1,163	1,147	1,086	1,035	945	611	566	578	580	582	557	602
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of debt
56	109	142	94	95	96	42	41	92	92	103	57	20	28	28	26	24	22	19	18	17	15	7	6	6	6	4	4	3	2	1	1	1	1	1	1	1
Current portion of broadcast rights payable
-	-	-	-	-	-	-	5	6	-	18	16	27	16	16	14	15	17	21	15	17	11	-	-	-	6	7	6	7	9	16	7	10	5	17	10	15
Accounts payable
138	157	109	70	72	67	74	66	80	31	61	27	36	19	25	29	24	25	23	22	20	17	10	12	13	10	13	13	11	13	8	9	9	9	9	9	10
Accrued expenses
533	541	497	140	158	175	150	126	145	175	189	200	165	71	70	64	54	60	51	38	38	36	28	33	20	24	23	22	19	18	13	12	10	13	11	10	8
Taxes payable
53	0	160	-	-	-	-	-	-	-	-	171	-	-	-	-	-	-	2	8	19	4	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0
Interest payable
-	-	-	34	24	-	28	40	29	39	28	34	24	44	24	11	15	10	15	11	16	4	13	4	13	4	19	8	20	8	14	9	15	10	15	10	9
Liability to surrender spectrum asset
77	77	129	129	52	52	52	-	314	314	348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration liability
-	-	-	-	-	-	-	-	-	-	-	275	264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable to sellers for acquisition of stations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	22	22	-	6	0	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	-	3	2	2	2	2	2	2
Other current liabilities of consolidated variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	5	5	4	4	5	5	3	5	3	4	2	5	3	4
Other current liabilities
55	60	54	23	26	12	19	15	16	17	15	10	12	9	15	10	9	8	9	8	7	5	16	10	10	4	4	1	1	3	1	1	1	1	1	1	1
Total current liabilities
915	947	1,094	494	429	404	367	294	685	670	764	794	551	189	181	155	145	146	143	123	136	97	82	73	69	83	98	63	78	58	66	48	55	46	64	49	53
Debt
7,990	8,383	8,393	3,689	3,797	3,884	4,105	4,245	4,243	4,269	4,286	4,377	4,481	2,314	2,320	1,461	1,489	1,454	1,465	1,481	1,526	1,204	1,079	1,081	1,061	1,064	1,006	990	924	855	613	607	621	638	621	614	642
Deferred tax liabilities
1,696	1,710	1,688	642	637	633	639	633	627	619	901	886	1,062	132	111	102	94	101	139	118	117	11	-	-	-	-	-	-	-	-	43	42	41	40	39	38	36
Broadcast rights payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	12	5	6	5	10	6	10
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Deferred gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	-	2	2	2
Deferred representation fee incentive
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	4	-	4	4	4
Other noncurrent liabilities of consolidated variable interest entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	7	7	8	8	8	8	7	21	18	18	17	17	16	17
Other noncurrent liabilities
856	894	977	246	334	270	254	303	320	340	353	207	207	45	40	39	45	46	50	45	51	43	26	17	18	20	22	19	14	22	7	8	8	14	8	8	9
Total liabilities
11,459	11,936	12,153	5,073	5,198	5,193	5,367	5,477	5,876	5,900	6,306	6,266	6,302	2,681	2,653	1,760	1,774	1,748	1,798	1,769	1,831	1,357	1,197	1,179	1,157	1,176	1,136	1,080	1,033	943	771	736	758	764	769	741	777
Commitments and contingencies (Note 15)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' equity:
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of March 31, 2020 and December 31, 2019
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	0	-	-	-	0	-	-	-
Additional paid-in capital
1,333	1,353	1,346	1,337	1,332	1,351	1,344	1,337	1,331	1,342	1,370	1,380	1,388	386	392	398	402	396	399	402	398	398	394	397	394	396	408	407	410	410	408	407	407	406	406	403	403
Accumulated other comprehensive income
19	19	-14	-14	-14	-14	6	6	6	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
910	778	675	701	654	620	484	400	330	299	-78	-125	-169	-176	-197	-221	-246	-268	-295	-312	-332	-345	-376	-392	-403	-410	-397	-401	-407	-408	-568	-578	-587	-590	-593	-587	-578
Treasury stock - at cost; 2,096,058 and 1,541,675 shares as of March 31, 2020 and December 31, 2019, respectively
170	121	79	81	86	105	107	111	97	78	103	64	7	41	43	44	45	47	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Nexstar Media Group, Inc. stockholders’ equity
2,093	2,031	1,928	1,943	1,887	1,852	1,728	1,633	1,571	1,570	1,188	1,190	1,212	169	152	131	111	80	56	90	65	52	18	5	-8	-13	11	5	2	2	-160	-170	-179	-183	-186	-183	-175
Noncontrolling interests
22	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests in consolidated variable interest entities
-	-	21	14	11	16	23	9	10	10	9	13	8	115	115	6	6	5	5	5	5	4	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ equity
2,116	2,053	1,950	1,958	1,899	1,868	1,751	1,642	1,581	1,581	1,198	1,203	1,220	284	267	138	117	86	61	96	71	56	22	9	-	-13	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and stockholders’ equity
13,575	13,989	14,103	7,031	7,097	7,062	7,119	7,119	7,457	7,481	7,504	7,469	7,523	2,966	2,920	1,898	1,892	1,835	1,860	1,865	1,903	1,414	1,220	1,189	1,148	1,163	1,147	1,086	1,035	945	611	566	578	580	582	557	602
Network affiliation agreements [Member]
Intangible assets, net
2,330	2,532	2,560	-	-	1,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock [Member]
Common stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total stockholders’ equity
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-