TEGNA INC. TGNA Income Statement

Tegna inc. (TGNA)

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	Dec'08	Dec'07
Revenues:
Publishing advertising
-	-	-	-	-	-	-	-	2,511	2,710	2,888	4,040	4,937
Publishing circulation
-	-	-	-	-	-	-	-	1,063	1,086	1,144	1,196	1,252
Other
-	-	-	-	-	-	-	-	256	253	259	348	390
Revenues
2,299	2,207	1,903	2,004	1,764	2,626	1,603	5,353	5,239	5,438	5,509	6,639	7,439
Operating expenses:
Cost of revenues
1,228	1,065	933	795	728	954	662	2,943	2,961	2,980	3,230	3,915	4,164
Business units - Selling, general and administrative expenses
326	315	287	331	318	766	531	1,303	1,223	1,187	1,186	1,253	1,270
Corporate - General and administrative expenses
80	52	54	58	61	-	-	-	-	-	-	-	-
Depreciation
60	55	55	55	62	85	54	160	165	182	207	228	246
Amortization of intangible assets
50	30	21	23	24	65	20	33	31	31	32	31	36
Asset impairment and other (gains) charges
-5	-11	4	32	-59	44	22	122	27	57	132	7,939	72
Total
1,740	1,508	1,357	1,295	1,134	1,918	1,292	4,563	4,409	4,438	4,790	13,367	5,788
Operating income
559	698	545	708	630	707	310	789	830	999	718	-6,727	1,650
Non-operating income (expense):
Equity income in unconsolidated investments, net
10	13	10	-3	-2	151	21	22	8	19	3	-374	40
Interest expense
205	192	210	231	273	272	174	150	173	172	175	190	259
Other non-operating items, net
11	-11	-35	-23	-8	404	-45	8	-12	0	22	28	18
Total
-183	-189	-235	-258	-284	283	-199	-119	-177	-153	-149	-537	-200
Income before income taxes
375	508	310	449	345	990	111	670	652	845	569	-7,265	1,450
Provision for income taxes
89	107	-137	140	116	234	13	195	152	244	191	-645	473
Net Income from continuing operations
-	-	-	-	-	-	-	-	-	567	351	-6,626	-
Income from continuing operations
286	401	447	309	229	756	98	-	-	601	378	-6,619	977
Income (loss) from discontinued operations, net of tax
0	4	-232	178	293	374	347	-	-	-	-	-	-
Gain on disposal of publishing businesses, net of tax
-	-	-	-	-	-	-	-	-	21	-	0	73
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
286	405	215	487	522	1,130	445	475	500	622	382	-6,640	1,057
Net loss attributable to redeemable noncontrolling interest
0	0	-58	51	63	68	57	50	41	34	27	6	1
Net income attributable to TEGNA Inc.
286	405	273	436	459	1,062	388	424	458	588	355	-6,647	1,055
Loss from the operation of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-0	3	-20	6
Net income attributable to Gannett Co., Inc.
286	405	273	436	459	-	-	-	-	588	355	-6,647	1,055
Earnings from continuing operations per share - basic (in dollars per share)
1.32	1.86	2.08	1.43	1.02	3.04	0.18	-	-	2.38	1.50	-29.02	4.18
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
0.00	0.02	-0.81	0.59	1.02	1.65	1.52	-	-	0.00	0.02	-0.09	0.03
Gain on disposal of publishing businesses per share-basic
-	-	-	-	-	-	-	-	-	0.09	-	0.00	0.32
Net income per share – basic (in dollars per share)
1.32	1.88	1.27	2.02	2.04	4.69	1.70	1.83	1.92	2.47	1.52	-29.11	4.53
Earnings from continuing operations per share - diluted (in dollars per share)
1.31	1.85	2.06	1.41	1.00	2.97	0.18	-	-	2.35	1.49	-29.02	4.17
Earnings from discontinued operations per share - diluted (in dollars per share)
0.00	0.02	-0.80	0.58	1.00	1.61	1.48	-	-	0.00	0.02	-0.09	0.03
Gain on disposal of publishing businesses per share-diluted
-	-	-	-	-	-	-	-	-	0.08	-	0.00	0.32
Net income per share – diluted (in dollars per share)
1.31	1.87	1.26	1.99	2.00	4.58	1.66	1.79	1.89	2.43	1.51	-29.11	4.52
Weighted average number of common shares outstanding:
Basic shares (in shares)
217	216	215	216	224	226	228	-	-	-	-	-	-
Diluted shares (in shares)
217	216	217	219	229	231	234	-	-	-	-	-	-
Dividends declared per share (in dollars per share)
-	-	-	-	0.68	0.80	0.80	-	-	-	-	-	-
Media
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	1,994	1,713	1,691	835	-	722	769	631	772	789
Digital
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	9	50	934	768	-	686	618	586	281	70