TEGNA INC. TGNA Income Statement

Tegna inc. (TGNA)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,369	2,408	2,460	2,511	2,562	2,617	2,662	2,710	2,737	2,772	2,814	2,888	3,115	3,542	0	0	0
Publishing circulation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,072	1,057	1,059	1,063	1,068	1,071	1,075	1,086	1,092	1,106	1,123	1,144	1,164	1,191	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	-	249	252	255	256	256	250	250	253	247	247	253	259	284	317	0	0	0
Revenues
2,466	2,299	2,247	2,234	2,221	2,207	2,055	1,980	1,946	1,903	1,638	1,693	1,681	2,004	1,297	1,535	1,815	1,764	1,326	1,250	1,953	2,626	1,354	1,926	1,769	1,603	5,311	5,368	5,372	5,353	5,222	5,179	5,207	5,239	5,313	5,360	5,390	5,438	5,408	5,408	5,430	5,509	5,715	6,121	0	0	0
Operating expenses:
Cost of revenues
1,316	1,228	1,145	1,109	1,088	1,065	1,031	995	960	933	847	812	779	795	682	706	749	728	-174	-121	414	954	322	759	710	662	2,939	2,947	2,941	2,943	2,946	2,947	2,965	2,961	2,934	2,960	2,965	2,980	2,988	3,020	3,123	3,230	3,451	3,660	0	0	0
Business units - Selling, general and administrative expenses
348	326	309	308	313	315	301	296	292	287	100	112	119	331	-31	150	333	318	666	587	676	766	476	606	573	531	1,310	1,313	1,309	1,303	1,274	1,253	1,234	1,223	1,202	1,194	1,190	1,187	1,187	1,177	1,172	1,186	1,205	1,225	0	0	0
Corporate - General and administrative expenses
87	80	71	59	54	52	54	49	52	54	58	59	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
62	60	59	58	57	55	54	55	55	55	47	45	46	55	41	49	60	62	45	45	65	85	49	66	59	54	156	158	159	160	161	161	163	165	169	172	176	182	186	192	199	207	217	221	0	0	0
Amortization of intangible assets
57	50	40	33	32	30	28	25	22	21	-0	-0	0	23	-21	0	24	24	108	91	76	65	37	34	29	20	35	35	34	33	31	31	31	31	31	31	31	31	31	32	32	32	31	29	0	0	0
Spectrum repacking reimbursements and other, net
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment and other (gains) charges
-	-	-	-	-	-	-	-	-	4	24	31	34	32	-57	-72	-64	-59	17	18	34	44	52	57	32	22	123	121	122	122	27	23	24	27	37	0	0	-	0	-	0	-	0	0	-	0	0
Total
1,866	1,740	1,612	1,552	1,527	1,508	1,454	1,416	1,386	1,357	1,089	1,075	1,053	1,295	704	910	1,163	1,134	663	621	1,267	1,918	939	1,523	1,405	1,292	4,565	4,576	4,567	4,563	4,441	4,416	4,419	4,409	4,385	4,429	4,429	4,438	4,463	4,508	4,660	4,790	4,992	7,687	0	0	0
Operating income
600	559	635	682	694	698	601	563	559	545	549	618	627	708	592	625	651	630	663	629	685	707	415	403	363	310	746	791	805	789	781	762	787	830	928	930	961	999	944	900	769	718	723	-1,566	0	0	0
Non-operating income (expense):
Equity income in unconsolidated investments, net
7	10	9	10	27	13	27	27	10	10	-1	-3	-7	-3	-1	-1	1	-2	-16	-16	141	151	156	168	21	21	35	26	25	22	10	9	9	8	18	22	22	19	19	11	7	3	5	-246	0	0	0
Interest expense
216	205	192	187	190	192	193	196	202	210	218	224	225	231	241	251	264	273	279	278	273	272	261	237	209	174	152	146	146	150	152	157	166	173	178	178	176	172	171	168	170	175	177	183	0	0	0
Other non-operating items, net
-5	11	8	8	-0	-11	-21	-24	-45	-35	-34	-43	-26	-23	-18	-10	-32	-8	438	425	449	404	-55	-57	-64	-45	-22	-2	5	8	-12	-18	-12	-12	3	8	1	0	-0	0	19	22	20	22	0	0	0
Total
-214	-183	-174	-168	-164	-189	-187	-194	-237	-235	-255	-271	-259	-258	-262	-262	-295	-284	141	130	317	283	-160	-125	-251	-199	-139	-122	-115	-119	-154	-166	-169	-177	-157	-147	-152	-153	-153	-156	-143	-149	-151	-408	0	0	0
Income before income taxes
386	375	461	514	529	508	413	369	322	310	294	347	367	449	330	362	356	345	804	759	1,003	990	255	277	112	111	606	669	689	670	627	596	618	652	770	782	809	845	791	743	626	569	571	-1,974	0	0	0
Provision for income taxes
87	89	98	106	109	107	-130	-132	-136	-137	87	114	117	140	102	100	107	116	166	160	232	234	129	126	60	13	150	162	174	195	142	148	140	152	211	221	227	244	235	216	206	191	172	1	0	0	0
Net Income from continuing operations
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	567	466	434	0	-	0	0	-	-	-
Income from discontinued operations, net of tax
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	447	206	232	250	309	227	261	249	229	321	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	601	502	466	0	-	0	0	-	-	-
Income (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-232	-150	-83	205	178	274	212	242	293	183	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of publishing businesses, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
0	-	-	-	0	-	-	-	-	215	55	149	455	487	501	474	491	522	1,059	1,093	1,188	1,130	540	498	399	445	455	506	515	475	484	447	477	500	559	561	601	622	580	551	423	382	400	-1,975	0	0	0
Net loss attributable to redeemable noncontrolling interest
0	-	-	-	0	-	-	-	-	-58	-47	-30	46	51	55	58	59	63	66	70	72	68	63	60	55	57	54	52	55	50	46	43	41	41	43	43	40	34	32	31	28	27	20	9	0	0	0
Net income attributable to TEGNA Inc.
298	286	363	411	424	405	548	494	271	273	103	179	408	436	446	415	432	459	993	1,023	1,115	1,062	476	438	343	388	401	454	460	424	438	404	436	458	515	517	561	588	547	520	395	355	379	-1,984	0	0	0
Loss from the operation of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	0	-	0	0	-	-	-
Net income attributable to Gannett Co., Inc.
298	286	363	411	424	405	548	494	271	273	88	145	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	515	517	561	588	547	520	395	355	379	-1,984	0	0	0
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	217	217	217	216	216	216	216	216	215	215	215	215	214	214	216	219	220	224	226	227	-	225	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted shares (in shares)
218	218	218	217	217	216	216	216	216	216	218	217	217	217	218	220	223	224	230	231	231	-	232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,761	1,713	1,636	0	0	-	0	-	-	835	0	0	0	-	818	755	734	722	755	766	765	769	719	686	655	631	644	686	0	0	0
Digital
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	50	1,230	0	0	-	0	-	-	768	0	0	0	-	713	705	697	686	670	654	635	618	610	595	583	586	506	383	0	0	0