Nexstar media group, inc. (NXST)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net revenue

3,504,499

3,039,324

2,737,256

2,766,696

2,778,007

2,766,696

2,622,338

2,541,193

2,506,985

2,431,966

2,088,181

1,751,970

1,387,849

1,103,190

1,045,573

992,945

950,300

896,377

836,919

771,632

699,213

631,311

576,629

544,677

523,958

502,330

480,382

444,542

407,195

378,632

348,660

333,547

320,188

306,491

293,415

293,118

0

0

0

Operating expenses (income):
Direct operating expenses, excluding depreciation and amortization

1,500,828

1,348,632

1,190,386

1,153,422

1,131,817

1,117,917

1,103,175

1,075,468

1,053,639

993,405

827,190

670,278

510,603

381,997

366,441

344,248

324,351

302,257

271,549

241,393

213,612

187,432

175,377

164,252

155,456

147,711

133,669

118,349

103,740

91,764

87,953

86,829

84,682

81,657

79,303

78,057

0

0

0

Selling, general and administrative expenses, excluding depreciation and amortization

806,005

729,981

628,329

585,543

580,388

579,933

561,373

561,540

570,078

605,106

530,905

454,043

372,374

263,606

259,747

252,571

243,356

232,480

217,213

204,439

191,678

175,429

170,049

163,984

157,753

152,213

146,422

136,341

125,907

117,535

110,619

109,459

107,283

105,167

100,299

98,707

0

0

0

Amortization of broadcast rights

107,864

85,018

61,057

57,626

59,604

61,342

74,415

87,263

97,036

105,403

91,107

77,272

66,808

57,145

59,330

60,608

60,059

59,836

53,199

46,658

40,265

34,316

34,255

34,672

35,258

35,439

32,975

29,350

25,676

22,411

22,193

23,280

23,350

23,389

22,920

21,266

0

0

0

Amortization of intangible assets

234,162

200,317

154,304

149,018

149,842

149,406

149,439

146,268

147,644

159,500

132,370

109,889

82,651

46,572

47,730

47,576

47,494

48,475

42,801

37,842

32,717

25,850

25,945

27,549

28,351

30,148

29,299

26,783

25,380

22,994

22,163

23,896

25,744

25,979

26,343

25,117

0

0

0

Depreciation

131,344

123,375

116,102

114,412

111,412

109,789

104,738

103,044

104,246

100,658

87,623

74,521

60,968

51,300

50,146

50,345

48,908

47,222

44,497

40,259

37,500

35,047

34,587

34,347

34,017

33,578

30,987

28,285

25,787

23,555

23,151

22,873

22,363

21,845

21,305

20,944

0

0

0

Reimbursement from the FCC related to station repack

68,927

70,356

70,951

55,923

42,204

29,381

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible assets impairment

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of stations and entities, net

0

-

0

-

0

-

-

-

-

57,716

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-434

-461

-30

-122

0

0

0

Total operating expenses

2,671,427

2,384,193

2,065,847

2,024,009

2,010,770

2,008,917

2,000,675

1,986,507

1,991,264

1,926,341

1,626,741

1,343,549

1,050,950

815,882

783,394

755,348

724,168

690,270

629,259

570,591

515,772

458,074

440,213

424,804

410,835

399,089

373,839

339,595

306,977

278,727

266,501

266,677

263,856

258,498

250,200

244,213

0

0

0

Income from operations

833,072

655,131

671,409

742,687

767,237

757,779

621,663

554,686

515,721

505,625

461,440

408,421

336,899

287,308

262,179

237,597

226,132

206,107

207,660

201,041

183,441

173,237

136,416

119,873

113,123

103,241

106,543

104,947

100,218

99,905

82,159

66,870

56,332

47,993

43,215

48,905

0

0

0

Interest expense, net

-352,677

-304,350

-251,406

-214,444

-219,362

-220,994

-219,775

-217,143

-216,547

-241,195

-233,755

-209,772

-174,664

-116,081

-91,293

-82,067

-81,881

-80,520

47,918

52,784

57,836

61,959

-61,930

-63,300

-64,864

-66,243

-139,832

-110,494

-81,017

-51,559

-55,165

-54,534

-53,800

-53,004

54,391

55,203

0

0

0

Loss on extinguishment of debt

-16,080

-10,301

-11,199

-14,358

-12,813

-12,120

-5,179

-3,241

-4,083

-34,882

0

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

0

0

-

-1,155

-1,220

-9,123

0

0

0

Pension and other postretirement plans credit, net

-24,962

-15,600

-7,775

-7,655

-9,205

-10,755

-12,535

-13,233

-13,439

-13,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expenses), net

0

17,925

1,542

-2,562

-2,800

-2,436

-1,052

-1,200

-1,288

-1,268

-2,132

-1,845

-798

-555

543

532

535

517

512

569

546

556

1,802

1,714

1,671

1,459

0

0

0

-

0

0

0

-

-

-

-

-

-

Income before income taxes

522,031

373,321

418,197

518,939

541,428

532,945

407,305

346,319

307,226

241,384

200,966

170,030

132,536

170,672

170,343

154,998

143,716

125,070

131,148

129,338

116,742

110,651

39,105

20,232

12,032

815

38,478

42,476

41,663

45,074

30,819

14,899

3,316

-6,166

-12,396

-15,421

0

0

0

Income tax expense

184,929

137,026

141,263

136,999

143,617

144,680

-206,326

-209,556

-210,498

-233,943

85,084

70,604

56,766

77,572

70,238

63,354

56,971

48,687

51,332

51,273

47,633

46,101

17,856

10,792

7,169

2,600

-128,147

-130,115

-133,379

-132,279

6,160

6,060

5,879

5,725

5,754

5,891

0

0

0

Net income

337,102

236,295

276,934

381,940

397,811

388,265

613,631

555,875

517,724

475,327

115,882

99,426

75,770

93,100

100,105

91,644

86,745

76,383

79,816

78,065

69,109

64,550

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to noncontrolling interests

4,820

6,036

6,778

5,423

1,564

-1,212

-1,218

-4,935

654

330

-1,116

4,104

-89

1,563

1,876

932

241

-1,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Nexstar Media Group, Inc.

332,282

230,259

270,156

376,517

396,247

389,477

614,849

560,810

517,070

474,997

116,998

95,322

75,859

91,537

98,229

90,712

86,504

77,684

81,359

79,481

70,104

64,550

21,249

9,440

4,863

-1,785

171,764

177,730

180,181

182,492

24,659

8,839

-2,563

-11,891

-18,150

-21,312

0

0

0

Net income per common share attributable to Nexstar Media Group, Inc.:
Basic

3.43

2.46

-0.13

1.48

1.20

3.35

2.21

1.92

1.04

8.29

1.01

0.94

0.14

0.66

0.81

0.80

0.71

0.89

0.55

0.65

0.41

1.00

0.50

0.36

0.24

-0.42

0.12

0.22

0.02

5.57

0.33

0.31

0.10

0.11

-0.22

-0.09

-0.22

-

-

Diluted

3.30

2.36

-0.13

1.42

1.15

3.22

2.12

1.86

1.01

8.05

0.98

0.91

0.13

0.64

0.78

0.78

0.69

0.85

0.54

0.63

0.40

0.97

0.48

0.34

0.23

-0.39

0.11

0.20

0.02

5.24

0.31

0.29

0.10

0.11

-0.22

-0.09

-0.22

-

-

Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.11

-0.33

Weighted average number of common shares outstanding:
Basic

45,702

45,955

46,114

46,090

45,785

45,614

45,552

45,631

46,075

45,778

46,107

46,931

44,200

30,715

30,695

30,680

30,658

30,617

31,262

31,325

31,196

30,964

30,888

30,641

30,603

30,475

30,048

29,604

29,461

29,118

28,960

28,875

28,807

57,224

28,799

28,452

28

-

-

Diluted

47,615

49,823

46,114

47,971

47,784

47,478

47,338

47,147

47,685

47,530

47,452

48,195

45,419

31,800

31,698

31,620

31,538

31,575

32,151

32,382

32,256

32,104

32,067

31,932

31,909

25,700

31,509

31,325

31,054

31,245

30,703

30,341

30,639

57,224

28,799

28,452

28

-

-

Basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,432

28,431

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

0.30

0.30

-

0.24

0.24

0.24

0.19

0.19

0.19

0.19

0.15

0.15

0.15

0.15

0.12

0.12

0.12

0.12

-

0.00

-

-

-

-

-

-

-

-