TEGNA INC. TGNA Income Statement

Tegna inc. (TGNA)

Income statement / 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	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Publishing advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	520,189	562,476	526,499	-	552,676	594,262	551,438	670,749	591,676	646,864	601,736	722,297	646,720	692,172	649,335	749,623	681,415	734,241	722,755	977,111	1,108,189
Publishing circulation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274,999	279,655	285,972	-	276,655	263,938	263,336	268,145	262,099	265,433	268,213	272,989	264,627	270,086	279,000	279,097	278,701	287,058	299,683	298,978	305,994
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,916	-	-	-	62,891	62,100	58,762	-	60,869	62,133	59,288	67,526	63,989	64,842	59,836	67,702	58,022	64,765	63,124	62,058	57,607	70,716	69,390	86,627	91,230
Revenues
684,189	693,955	551,857	536,932	516,753	642,136	538,976	524,080	502,090	490,323	464,264	489,369	459,070	225,761	519,617	476,978	781,732	-480,859	757,518	756,672	731,491	-918,914	680,985	1,460,004	1,404,066	-2,190,201	1,252,890	1,302,699	1,237,735	1,518,309	1,309,261	1,307,040	1,218,587	1,387,755	1,266,034	1,334,939	1,251,261	1,461,615	1,312,335	1,365,143	1,299,585	1,431,654	1,312,136	1,387,335	1,378,478	1,637,310	1,717,989
Operating expenses:
Cost of revenues
369,368	355,159	306,474	285,293	281,311	271,990	271,156	264,294	258,493	237,153	235,474	229,683	231,408	150,493	200,495	196,935	247,531	37,350	224,294	239,910	226,577	-865,002	276,833	775,627	767,532	-1,497,193	713,369	726,869	719,724	779,777	720,941	720,889	722,240	782,040	721,888	739,654	717,515	755,451	747,416	745,489	732,109	763,665	779,250	848,257	839,004	985,004	988,538
Business units - Selling, general and administrative expenses
92,968	102,959	78,439	73,941	71,465	86,127	76,639	78,933	73,621	72,751	70,914	75,302	68,429	-114,295	83,039	81,975	280,309	-476,541	265,102	264,797	264,751	-128,329	186,191	353,779	355,213	-418,475	315,677	320,615	314,115	360,422	318,385	316,301	308,319	331,741	297,001	297,196	297,547	310,366	289,443	292,691	295,133	310,213	279,177	288,200	309,380	328,320	299,539
Corporate - General and administrative expenses
21,714	19,781	29,792	15,836	14,735	10,945	17,593	11,221	12,708	12,481	12,881	14,248	15,333	-	16,027	14,351	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
16,900	15,694	15,381	14,533	14,917	14,355	14,262	13,861	13,471	13,347	15,186	13,318	13,217	5,446	13,212	14,478	22,233	-8,611	21,518	24,955	24,279	-25,042	21,294	44,850	44,764	-61,461	38,195	38,467	38,926	40,426	40,460	40,157	39,703	40,768	41,263	42,070	41,638	44,410	44,479	46,274	47,351	48,326	50,382	53,208	55,736	57,682	55,109
Amortization of intangible assets
16,216	17,574	15,018	8,823	8,689	8,047	8,047	7,962	6,782	5,398	5,395	5,388	5,389	-16,577	5,775	5,775	28,290	-61,639	28,502	28,966	28,688	22,324	11,433	14,471	17,743	-5,861	8,071	9,368	9,128	9,291	8,045	8,078	7,879	7,753	7,721	7,871	8,289	7,656	7,664	8,080	7,962	8,208	8,378	8,232	8,165	7,123	6,475
Spectrum repacking reimbursements and other, net
7,515	-	80	4,306	7,013	-	3,005	6,326	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment and other (gains) charges
-	-	-	-	-	-	-	-	-	-6,657	7,553	1,350	2,183	13,184	15,218	3,728	0	-76,494	0	12,355	4,724	136	1,230	28,775	14,820	7,566	5,880	4,498	4,785	108,013	4,231	5,097	4,788	13,193	0	6,394	7,656	-	23,045	-	0	-	39,248	47,391	-	0	2,501,874
Total
509,651	517,231	445,024	394,120	384,104	389,094	384,692	369,945	365,075	334,473	347,403	339,289	335,959	66,565	333,766	317,242	578,363	-524,890	539,416	570,983	549,019	-995,913	496,981	1,217,502	1,200,072	-1,975,424	1,081,192	1,099,817	1,086,678	1,297,929	1,092,062	1,090,522	1,082,929	1,175,495	1,067,873	1,093,185	1,072,645	1,151,847	1,112,047	1,092,534	1,082,555	1,176,677	1,156,435	1,245,288	1,212,285	1,378,129	3,851,535
Operating income
174,538	176,724	106,833	142,812	132,649	253,042	154,284	154,135	137,015	155,850	116,861	150,080	123,111	159,196	185,851	159,736	203,369	44,031	218,102	185,689	182,472	76,999	184,004	242,502	203,994	-214,777	171,698	202,882	151,057	220,380	217,199	216,518	135,658	212,260	198,161	241,754	178,616	309,768	200,288	272,609	217,030	254,977	155,701	142,047	166,193	259,181	-2,133,546
Non-operating income (expense):
Equity income in unconsolidated investments, net
9,015	-773	-491	-615	12,028	-1,288	771	15,547	-1,238	11,951	866	-946	-1,469	-153	-1,198	-4,996	2,933	1,328	-1,012	-1,862	-1,249	-12,588	-981	156,540	8,491	-7,874	11,711	9,424	7,794	6,407	3,005	8,663	4,312	-5,797	2,563	7,973	3,458	4,063	7,041	7,503	533	4,150	-373	2,839	-2,689	5,711	-252,793
Interest expense
56,960	60,304	52,454	46,327	46,385	47,010	48,226	49,104	47,725	48,171	51,855	54,843	55,415	56,538	57,601	56,143	61,713	66,281	66,949	69,252	70,670	73,081	65,791	64,148	69,648	61,611	41,628	36,174	35,405	38,927	35,829	36,142	39,571	40,831	40,939	44,741	46,629	46,308	41,015	42,190	43,473	44,798	38,064	43,971	48,912	46,802	43,957
Other non-operating items, net
-19,270	4,998	-463	8,964	-1,539	1,509	-214	-311	-12,480	-8,451	-3,671	-21,108	-2,074	-7,945	-11,874	-4,562	929	-3,335	-3,115	-26,695	24,464	443,459	-15,326	-2,982	-20,748	-16,325	-17,580	-9,791	-1,583	6,046	2,933	-2,280	2,035	-14,854	-3,205	3,841	1,297	1,194	2,374	-2,934	-523	190	3,570	16,582	2,457	-2,192	5,362
Total
-67,215	-56,079	-53,408	-37,978	-35,896	-46,789	-47,669	-33,868	-61,443	-44,671	-54,660	-76,897	-58,958	-64,636	-70,673	-65,701	-57,851	-68,288	-71,076	-97,809	-47,455	357,790	-82,098	89,410	-81,905	-85,810	-47,497	-36,541	-29,194	-26,474	-29,891	-29,759	-33,224	-61,482	-41,581	-32,927	-41,874	-41,051	-31,600	-37,621	-43,463	-40,458	-34,867	-24,550	-49,144	-43,283	-291,388
Income before income taxes
107,323	120,645	53,425	104,834	96,753	206,253	106,615	120,267	75,572	111,179	62,201	73,183	64,153	94,560	115,178	94,035	145,518	-24,257	147,026	87,880	135,017	434,789	101,906	331,912	122,089	-300,587	124,201	166,341	121,863	193,906	187,308	186,759	102,434	150,778	156,580	208,827	136,742	268,717	168,688	234,988	173,567	214,519	120,834	117,497	117,049	215,898	-2,424,934
Provision for income taxes
21,125	36,690	5,079	24,879	22,774	45,438	13,789	27,755	20,385	-192,101	11,447	23,913	19,495	32,585	38,441	27,037	42,108	-4,646	35,967	33,724	51,015	46,189	29,782	106,000	52,500	-58,578	26,700	39,600	5,400	78,900	38,700	51,200	26,600	26,100	44,800	43,300	38,600	84,800	55,000	49,400	54,813	76,007	36,407	39,614	39,300	56,700	-134,200
Net Income from continuing operations
-	-	48,346	-	-	-	92,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	174,135	101,409	175,165	116,619	-	72,986	70,057	-	-	-
Income from discontinued operations, net of tax
-	-	0	-	-	-	4,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	303,280	50,754	49,270	44,658	61,975	76,737	66,998	103,410	-19,611	111,059	54,156	84,002	-	72,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183,917	113,688	185,588	118,754	-	84,427	77,883	-	-	-
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	345	-10,803	-241,699	19,241	82,268	56,698	47,387	-7,474	177,579	-5,317	77,337	43,481	-	67,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of publishing businesses, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,195	-	-	0	0	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
86,198	-	-	-	73,979	-	-	-	-	303,625	39,951	-192,429	63,899	144,243	133,435	114,385	95,936	157,968	105,742	131,493	127,483	694,967	139,992	225,912	69,589	105,208	97,501	126,741	116,463	115,006	148,608	135,559	75,834	124,678	111,780	165,527	98,142	183,917	113,688	205,901	119,314	141,112	85,193	78,307	77,749	159,198	-2,290,734
Net loss attributable to redeemable noncontrolling interest
-110	-	-	-	0	-	-	-	-	0	-2,806	-62,077	6,185	11,124	14,752	14,934	10,492	15,463	17,487	15,624	14,590	18,938	21,476	17,445	10,430	14,461	17,753	13,121	11,898	11,921	15,525	15,670	7,611	7,738	11,992	14,000	7,649	9,782	12,279	10,423	2,135	7,510	11,441	7,826	314	1,141	22
Net income attributable to TEGNA Inc.
86,308	83,955	48,346	79,955	73,979	160,815	97,151	92,512	55,187	303,625	42,757	-130,352	57,714	133,119	118,683	99,451	85,444	142,505	88,255	115,869	112,893	676,029	118,516	208,467	59,159	90,747	79,748	113,620	104,565	103,085	133,083	119,889	68,223	116,940	99,788	151,527	90,493	174,135	101,409	195,478	117,179	133,602	73,752	70,481	77,435	158,057	-2,290,756
Loss from the operation of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-882	560	-	766	424	-	-	-
Net income attributable to Gannett Co., Inc.
86,308	83,955	48,346	79,955	73,979	160,815	97,151	92,512	55,187	303,625	42,757	-130,352	57,714	-	118,683	99,451	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,788	151,527	90,493	174,135	101,409	195,478	117,179	133,602	73,752	70,481	77,435	158,057	-2,290,756
Earnings from continuing operations per share - basic (in dollars per share)
-	-	0.22	-	-	-	0.43	-	-	1.40	0.24	0.23	0.21	0.34	0.36	0.31	0.42	0.12	0.42	0.17	0.31	-	0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72	0.43	0.74	0.49	-	0.31	0.30	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	0.00	-	-	-	0.02	-	-	0.00	-0.04	-0.83	0.06	0.28	0.19	0.15	-0.03	0.52	-0.03	0.34	0.19	-	0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	-0.01	0.00	-	0.00	0.00	-	-	-
Gain on disposal of publishing businesses per share-basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	-	-	0.00	0.00	-	-	-
Net income per share – basic (in dollars per share)
0.40	0.39	0.22	0.37	0.34	0.74	0.45	0.43	0.26	1.40	0.20	-0.60	0.27	0.62	0.55	0.46	0.39	0.64	0.39	0.51	0.50	2.99	0.52	0.92	0.26	0.39	0.35	0.50	0.46	0.45	0.58	0.51	0.29	0.49	0.42	0.63	0.38	0.73	0.43	0.82	0.49	0.57	0.31	0.30	0.34	0.69	-10.03
Earnings from continuing operations per share - diluted (in dollars per share)
-	-	0.22	-	-	-	0.43	-	-	1.39	0.23	0.23	0.21	0.34	0.35	0.30	0.42	0.12	0.41	0.17	0.30	-	0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72	0.42	0.73	0.48	-	0.31	0.30	-	-	-
Earnings from discontinued operations per share - diluted (in dollars per share)
-	-	0.00	-	-	-	0.02	-	-	0.01	-0.04	-0.83	0.06	0.28	0.19	0.15	-0.04	0.51	-0.03	0.33	0.19	-	0.29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.01	-	0.00	0.00	-	-	-
Gain on disposal of publishing businesses per share-diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	-	-	0.00	0.00	-	-	-
Net income per share – diluted (in dollars per share)
0.39	0.38	0.22	0.37	0.34	0.74	0.45	0.43	0.25	1.40	0.19	-0.60	0.27	0.62	0.54	0.45	0.38	0.63	0.38	0.50	0.49	2.92	0.51	0.90	0.25	0.40	0.34	0.48	0.44	0.44	0.56	0.51	0.28	0.49	0.41	0.62	0.37	0.71	0.42	0.81	0.49	0.56	0.31	0.30	0.34	0.69	-10.03
Weighted average number of common shares outstanding:
Basic shares (in shares)
218,277	217,439	217,315	217,089	216,709	216,103	216,015	216,342	216,276	215,679	215,863	215,501	215,305	214,815	214,813	216,518	219,286	220,595	224,530	226,538	227,089	-	225,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted shares (in shares)
218,863	218,491	218,310	217,905	217,202	216,632	216,348	216,515	216,989	216,436	218,095	217,812	217,569	217,167	218,099	220,204	223,254	224,955	230,078	231,920	231,931	-	232,097	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.07	0.07	0.14	-	0.14	0.14	0.14	0.14	0.14	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	-	0.20	0.20	0.20	-	0.08	0.04	0.04	-	0.04	0.04	0.04	-	0.04	0.04	0.04	0.40	0.40
Media
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	443,829	494,071	406,445	417,049	396,417	-	416,509	-	-	228,207	203,364	211,962	191,580	-	237,039	205,381	176,173	199,835	174,340	184,353	163,882	232,779	185,297	184,016	167,488	183,171	151,458	152,966	143,490	197,000	192,568
Digital
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	337,903	-974,930	351,073	339,623	335,074	-	204,560	-	-	215,135	191,447	186,506	174,922	-	182,022	181,326	168,352	181,500	173,930	173,447	157,594	165,848	157,669	154,104	140,638	157,705	142,955	142,354	143,160	77,594	20,008