NEXSTAR MEDIA GROUP, INC. NXST Income Statement

Nexstar media group, inc. (NXST)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net revenue
3,039,324	2,766,696	2,431,966	1,103,190	896,377	631,311	502,330	378,632	306,491	313,350	251,979
Operating expenses (income):
Direct operating expenses, excluding depreciation and amortization
1,348,632	1,117,917	993,405	381,997	302,257	187,432	147,711	91,764	81,657	78,322	77,233
Selling, general and administrative expenses, excluding depreciation and amortization
729,981	579,933	605,106	263,606	232,480	175,429	152,213	117,535	105,167	100,891	89,525
Impairment of other intangible assets
-	-	-	-	-	-	-	-	-	-	8,804
Amortization of broadcast rights
85,018	61,342	105,403	57,145	59,836	34,316	35,439	22,411	23,389	21,481	25,263
Amortization of intangible assets
200,317	149,406	159,500	46,572	48,475	25,850	30,148	22,994	25,979	23,732	23,705
Depreciation
123,375	109,789	100,658	51,300	47,222	35,047	33,578	23,555	21,845	21,112	21,680
Reimbursement from the FCC related to station repack
70,356	29,381	-	-	-	-	-	-	-	-	-
Goodwill and intangible assets impairment
63,317	19,911	19,985	15,262	-	-	-	-	-	-	-
Gain on disposal of stations and entities, net
96,091	-	57,716	-	-	-	-	-468	-461	-264	2,560
Total operating expenses
2,384,193	2,008,917	1,926,341	815,882	690,270	458,074	399,089	278,727	258,498	245,802	243,778
Restructure charge
-	-	-	-	-	-	-	-	-	-	670
Non-cash contract termination fees
-	-	-	-	-	-	-	-	-	-	191
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	7,360
Gain on asset exchange
-	-	-	-	-	-	-	-	-	-	8,093
Income from operations
655,131	757,779	505,625	287,308	206,107	173,237	103,241	99,905	47,993	67,548	8,201
Interest expense, net
-304,350	-220,994	-241,195	-116,081	-80,520	61,959	-66,243	-51,559	-53,004	54,266	39,182
Loss on extinguishment of debt
-10,301	-12,120	-34,882	-	-	-71	-34,724	-3,272	-1,155	-8,356	18,567
Pension and other postretirement plans credit, net
-15,600	-10,755	-13,120	-	-	-	-	-	-	-	-
Other income (expenses), net
17,925	-2,436	-1,268	-555	517	556	1,459	-	0	-	-
Income before income taxes
373,321	532,945	241,384	170,672	125,070	110,651	815	45,074	-6,166	4,926	-12,414
Income tax expense
137,026	144,680	-233,943	77,572	48,687	46,101	2,600	-132,279	5,725	6,741	200
Net income
236,295	388,265	475,327	93,100	76,383	64,550	-1,785	-	-	-	-
Net income attributable to noncontrolling interests
6,036	-1,212	330	1,563	-1,301	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	177,353	-11,891	-1,815	-
Gain on disposal of station, net of income tax expense of $3,098
-	-	-	-	-	-	-	5,139	0	0	-
Net income attributable to Nexstar Media Group, Inc.
230,259	389,477	474,997	91,537	77,684	64,550	-1,785	182,492	-11,891	-1,815	-12,614
Basic
-	-	-	-	-	-	-	6.13	-0.42	-0.06	-
Diluted
-	-	-	-	-	-	-	5.77	-0.42	-0.06	-
Basic
-	-	-	-	-	-	-	0.18	0.00	0.00	-
Diluted
-	-	-	-	-	-	-	0.17	0.00	0.00	-
Net income per common share attributable to Nexstar Media Group, Inc.:
Basic
5.01	8.52	10.38	2.98	2.50	2.10	-0.06	6.31	-0.42	-0.06	-
Diluted
4.80	8.21	10.07	2.89	2.42	2.02	-0.06	5.94	-0.42	-0.06	-
Basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.44
Weighted average number of common shares outstanding:
Basic
45,986	45,718	45,754	30,687	31,100	30,774	29,897	28,940	28,626	28	-
Diluted
47,923	47,412	47,149	31,664	32,091	32,003	29,897	30,732	28,626	28	-
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	28,427
Dividends declared per common share
-	-	-	-	0.76	0.60	0.48	-	0.00	-	-
Other comprehensive income (loss):
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax (expense) benefit of ($11,723) in 2019, $7,147 in 2018, and ($2,160) in 2017
-34,166	20,456	-6,140	-	-	-	-	-	-	-	-
Total comprehensive income
270,461	367,809	481,467	93,100	76,383	-	-	-	-	-	-
Total comprehensive income (loss) attributable to noncontrolling interests
6,036	-1,212	330	1,563	-1,301	-	-	-	-	-	-
Total comprehensive income attributable to Nexstar Media Group, Inc.
264,425	369,021	481,137	91,537	77,684	-	-	-	-	-	-