2020 Q1 Form 10-Q Financial Statement

#000143774920009747 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $534.0M $518.0M
YoY Change 3.09% 129.2%
Cost Of Revenue $354.0M $391.0M
YoY Change -9.46% 161.19%
Gross Profit $180.0M $127.0M
YoY Change 41.73% 65.8%
Gross Profit Margin 33.71% 24.52%
Selling, General & Admin $15.00M $48.00M
YoY Change -68.75% 478.31%
% of Gross Profit 8.33% 37.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.00M $20.00M
YoY Change 5.0% 42.86%
% of Gross Profit 11.67% 15.75%
Operating Expenses $410.0M $478.0M
YoY Change -14.23% 171.59%
Operating Profit $124.0M $40.00M
YoY Change 210.0% -20.0%
Interest Expense -$52.00M -$58.00M
YoY Change -10.34% 138.68%
% of Operating Profit -41.94% -145.0%
Other Income/Expense, Net -$1.000M $3.000M
YoY Change -133.33%
Pretax Income $71.00M -$15.00M
YoY Change -573.33% -157.69%
Income Tax $18.00M $3.000M
% Of Pretax Income 25.35%
Net Earnings $53.00M -$18.00M
YoY Change -394.44% -190.0%
Net Earnings / Revenue 9.93% -3.47%
Basic Earnings Per Share $0.41 -$0.31
Diluted Earnings Per Share $0.40 -$0.31
COMMON SHARES
Basic Shares Outstanding 98.00M 99.00M
Diluted Shares Outstanding 99.00M 99.00M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $296.0M $225.0M
YoY Change 31.56% -49.26%
Cash & Equivalents $296.0M $225.0M
Short-Term Investments
Other Short-Term Assets $40.00M $17.00M
YoY Change 135.29% -55.38%
Inventory
Prepaid Expenses
Receivables $385.0M $414.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $721.0M $674.0M
YoY Change 6.97% 3.75%
LONG-TERM ASSETS
Property, Plant & Equipment $732.0M $672.0M
YoY Change 8.93% 95.82%
Goodwill $1.446B $1.434B
YoY Change 0.84% 134.66%
Intangibles
YoY Change
Long-Term Investments $46.00M $17.00M
YoY Change 170.59% 2.41%
Other Assets $16.00M $75.00M
YoY Change -78.67% 469.43%
Total Long-Term Assets $6.307B $6.321B
YoY Change -0.22% 144.71%
TOTAL ASSETS
Total Short-Term Assets $721.0M $674.0M
Total Long-Term Assets $6.307B $6.321B
Total Assets $7.028B $6.995B
YoY Change 0.47% 116.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M $16.00M
YoY Change 43.75% 421.51%
Accrued Expenses $24.00M $28.00M
YoY Change -14.29% 265.97%
Deferred Revenue $10.00M $11.00M
YoY Change -9.09%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $14.00M
YoY Change -100.0% 118.17%
Total Short-Term Liabilities $243.0M $268.0M
YoY Change -9.33% 166.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.700B $3.882B
YoY Change -4.69% 112.08%
Other Long-Term Liabilities $13.00M $15.00M
YoY Change -13.33% 716.99%
Total Long-Term Liabilities $3.713B $3.897B
YoY Change -4.72% 112.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $243.0M $268.0M
Total Long-Term Liabilities $3.713B $3.897B
Total Liabilities $4.876B $5.016B
YoY Change -2.79% 123.76%
SHAREHOLDERS EQUITY
Retained Earnings $544.0M $343.0M
YoY Change 58.6% 88.84%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $117.0M $75.00M
YoY Change 56.0% 3.78%
Treasury Stock Shares $9.863M $7.400M
Shareholders Equity $1.502B $1.329B
YoY Change
Total Liabilities & Shareholders Equity $7.028B $6.995B
YoY Change 0.47% 116.38%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $53.00M -$18.00M
YoY Change -394.44% -190.0%
Depreciation, Depletion And Amortization $21.00M $20.00M
YoY Change 5.0% 42.86%
Cash From Operating Activities $131.0M $24.00M
YoY Change 445.83% 60.0%
INVESTING ACTIVITIES
Capital Expenditures $27.00M $18.00M
YoY Change 50.0% 200.0%
Acquisitions $1.000M $2.740B
YoY Change -99.96%
Other Investing Activities $3.000M $2.000M
YoY Change 50.0%
Cash From Investing Activities -$24.00M -$2.562B
YoY Change -99.06% 31925.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.000M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00 $4.000M
YoY Change -100.0% 100.0%
Cash From Financing Activities -$23.00M $1.344B
YoY Change -101.71% -5269.23%
NET CHANGE
Cash From Operating Activities $131.0M $24.00M
Cash From Investing Activities -$24.00M -$2.562B
Cash From Financing Activities -$23.00M $1.344B
Net Change In Cash $84.00M -$1.194B
YoY Change -107.04% 6184.21%
FREE CASH FLOW
Cash From Operating Activities $131.0M $24.00M
Capital Expenditures $27.00M $18.00M
Free Cash Flow $104.0M $6.000M
YoY Change 1633.33% -33.33%

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-21000000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3000000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-31000000 USD
CY2020Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
9000000 USD
CY2019Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
14000000 USD
CY2020Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
9000000 USD
CY2019Q1 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1000000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1000000 USD
CY2019Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
131000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24000000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1000000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2740000000 USD
CY2020Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2019Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
231000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
1000000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
2000000 USD
CY2020Q1 gtn Proceeds From Fcc Repack
ProceedsFromFCCRepack
6000000 USD
CY2019Q1 gtn Proceeds From Fcc Repack
ProceedsFromFCCRepack
12000000 USD
CY2020Q1 gtn Payments For Proceeds From The Acquired Businesses
PaymentsForProceedsFromTheAcquiredBusinesses
-0 USD
CY2019Q1 gtn Payments For Proceeds From The Acquired Businesses
PaymentsForProceedsFromTheAcquiredBusinesses
47000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3000000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2562000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1400000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
-0 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6000000 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13000000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
-0 USD
CY2020Q1 gtn Increase Decrease In Deferred And Other Loan Costs
IncreaseDecreaseInDeferredAndOtherLoanCosts
-0 USD
CY2019Q1 gtn Increase Decrease In Deferred And Other Loan Costs
IncreaseDecreaseInDeferredAndOtherLoanCosts
50000000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4000000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1344000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
225000000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
84000000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1194000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
212000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1419000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
296000000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:21.6pt;"><i>Use of Estimates</i><i>. </i>The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Our actual results could differ materially from these estimated amounts. Our most significant estimates are our allowance for doubtful accounts in receivables, valuation of goodwill and intangible assets, amortization of program rights and intangible assets, pension costs, income taxes, employee medical insurance claims, useful lives of property and equipment and contingencies.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:21.6pt;"><i> </i></p>
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98000000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99000000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99000000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99000000
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-31000000 USD
CY2020Q1 gtn Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Before Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityBeforeTax
42000000 USD
CY2019Q4 gtn Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Before Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityBeforeTax
42000000 USD
CY2020Q1 gtn Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
11000000 USD
CY2019Q4 gtn Pension And Other Postretirement Benefit Plans Accumulated Other Comprehensive Income Loss Minimum Pension Liability Tax
PensionAndOtherPostretirementBenefitPlansAccumulatedOtherComprehensiveIncomeLossMinimumPensionLiabilityTax
11000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-31000000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1206000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1186000000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
475000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
461000000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
731000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
725000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000000 USD
CY2020Q1 gtn Proceeds From Fcc Repack
ProceedsFromFCCRepack
6000000 USD
CY2019Q1 gtn Proceeds From Fcc Repack
ProceedsFromFCCRepack
12000000 USD
CY2020Q1 gtn Net Book Value Of Assets Disposed
NetBookValueOfAssetsDisposed
-1000000 USD
CY2019Q1 gtn Net Book Value Of Assets Disposed
NetBookValueOfAssetsDisposed
-2000000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-0 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2000000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6000000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
10000000 USD
CY2020Q1 gtn Payments For Recurring Purchases For Operations
PaymentsForRecurringPurchasesForOperations
21000000 USD
CY2019Q1 gtn Payments For Recurring Purchases For Operations
PaymentsForRecurringPurchasesForOperations
9000000 USD
CY2020Q1 gtn Payments To Acquire Broadcasting Equipment
PaymentsToAcquireBroadcastingEquipment
6000000 USD
CY2019Q1 gtn Payments To Acquire Broadcasting Equipment
PaymentsToAcquireBroadcastingEquipment
9000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11000000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12000000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518000000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3760000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3760000000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
3700000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
3697000000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
-0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
-0 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3700000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3697000000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
200000000 USD
CY2019Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
200000000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1120000000 USD
CY2020Q1 gtn Longterm Debt Maturities Repayments Of Principal In Year Six
LongtermDebtMaturitiesRepaymentsOfPrincipalInYearSix
0 USD
CY2020Q1 gtn Longterm Debt Maturities Repayments Of Principal After Year Six
LongtermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
2640000000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3760000000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
39000000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
41000000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
3700000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
3700000000 USD
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3600000000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3900000000 USD
CY2020Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
245000000
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2020Q1 gtn Common Stock Voting Rights Votes Per Share
CommonStockVotingRightsVotesPerShare
1 pure
CY2020Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5262386
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6130944
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
3000000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1000000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675 pure
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3000000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000000 USD
CY2019Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
4000000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
4000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
47000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91000000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
28000000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
63000000 USD
CY2020Q1 gtn Intangible Assets Gross
IntangibleAssetsGross
5744000000 USD
CY2020Q1 gtn Accumulated Amortization Intangible Assets
AccumulatedAmortizationIntangibleAssets
291000000 USD
CY2020Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
5453000000 USD
CY2019Q4 gtn Intangible Assets Gross
IntangibleAssetsGross
5744000000 USD
CY2019Q4 gtn Accumulated Amortization Intangible Assets
AccumulatedAmortizationIntangibleAssets
265000000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
5479000000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26000000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
77000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
98000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
94000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
88000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
24000000 USD
CY2020Q1 gtn Finitelived Intangible Assets Amortization Expense Year Six
FinitelivedIntangibleAssetsAmortizationExpenseYearSix
15000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.20 pure
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.05 pure
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.01 pure
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.02 pure
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.20 pure
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06 pure
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.06 pure
CY2019Q1 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
-0.53 pure
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534000000 USD
CY2020Q1 gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
369000000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
47000000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6000000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
410000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
124000000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
52000000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
1446000000 USD
CY2020Q1 us-gaap Assets
Assets
7028000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
518000000 USD
CY2019Q1 gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
439000000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
49000000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
10000000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
478000000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
40000000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
58000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1446000000 USD
CY2019Q4 us-gaap Assets
Assets
6972000000 USD

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