2024 Q3 Form 10-Q Financial Statement

#000143774924034144 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $950.0M
YoY Change 18.31%
Cost Of Revenue $593.0M
YoY Change 3.13%
Gross Profit $357.0M
YoY Change 56.58%
Gross Profit Margin 37.58%
Selling, General & Admin $24.00M
YoY Change 4.35%
% of Gross Profit 6.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.00M
YoY Change -20.43%
% of Gross Profit 20.73%
Operating Expenses $700.0M
YoY Change -2.64%
Operating Profit $250.0M
YoY Change 197.62%
Interest Expense -$130.0M
YoY Change 17.12%
% of Operating Profit -52.0%
Other Income/Expense, Net $2.000M
YoY Change -120.0%
Pretax Income $128.0M
YoY Change -445.95%
Income Tax $32.00M
% Of Pretax Income 25.0%
Net Earnings $96.00M
YoY Change -340.0%
Net Earnings / Revenue 10.11%
Basic Earnings Per Share $0.87
Diluted Earnings Per Share $0.86
COMMON SHARES
Basic Shares Outstanding 95.00M
Diluted Shares Outstanding 97.00M

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.00M
YoY Change 228.57%
Cash & Equivalents $69.00M
Short-Term Investments
Other Short-Term Assets $143.0M
YoY Change 25.44%
Inventory
Prepaid Expenses
Receivables $358.0M
Other Receivables $6.000M
Total Short-Term Assets $576.0M
YoY Change 16.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.583B
YoY Change -1.68%
Goodwill $2.642B
YoY Change -0.04%
Intangibles
YoY Change
Long-Term Investments $86.00M
YoY Change -14.85%
Other Assets $23.00M
YoY Change 27.78%
Total Long-Term Assets $10.06B
YoY Change -1.81%
TOTAL ASSETS
Total Short-Term Assets $576.0M
Total Long-Term Assets $10.06B
Total Assets $10.63B
YoY Change -0.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.00M
YoY Change -34.62%
Accrued Expenses $63.00M
YoY Change 43.18%
Deferred Revenue $50.00M
YoY Change -1.96%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $23.00M
YoY Change 53.33%
Total Short-Term Liabilities $508.0M
YoY Change 22.71%
LONG-TERM LIABILITIES
Long-Term Debt $5.870B
YoY Change -4.88%
Other Long-Term Liabilities $66.00M
YoY Change 120.0%
Total Long-Term Liabilities $5.936B
YoY Change -4.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $508.0M
Total Long-Term Liabilities $5.936B
Total Liabilities $7.851B
YoY Change -2.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.227B
YoY Change 10.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.130B
YoY Change
Total Liabilities & Shareholders Equity $10.63B
YoY Change -0.97%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $96.00M
YoY Change -340.0%
Depreciation, Depletion And Amortization $74.00M
YoY Change -20.43%
Cash From Operating Activities $297.0M
YoY Change 180.19%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$40.00M
YoY Change -44.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -263.0M
YoY Change 436.73%
NET CHANGE
Cash From Operating Activities 297.0M
Cash From Investing Activities -40.00M
Cash From Financing Activities -263.0M
Net Change In Cash -6.000M
YoY Change -60.0%
FREE CASH FLOW
Cash From Operating Activities $297.0M
Capital Expenditures
Free Cash Flow $297.0M
YoY Change 858.06%

Facts In Submission

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CY2024Q3 gtn Number Of Television Markets
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CY2024Q3 gtn Number Of Television Markets
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CY2024Q3 gtn Percent Of Us Television Households Reached
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CY2024Q3 gtn Percent Of Us Television Households Reached
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CY2024Q3 gtn Number Of Television Markets With Toprated Stations
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CY2024Q3 gtn Number Of Television Markets With Toprated Stations
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CY2024Q3 gtn Number Of Television Markets With First Andor Second Rated Stations
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CY2024Q3 gtn Number Of Television Markets With First Andor Second Rated Stations
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CY2024Q3 gtn Number Of Television Markets Telemundo Affiliate Group
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CY2024Q3 gtn Number Of Hispanic Television Households
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us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:23pt;"><i>Use of Estimates. </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 credit losses 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';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
1856000000 usd
us-gaap Operating Expenses
OperatingExpenses
2073000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
526000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
363000000 usd
CY2024Q3 us-gaap Assets
Assets
10631000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2417000000 usd
gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
1831000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
253000000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
43000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20000000 usd
us-gaap Operating Expenses
OperatingExpenses
2147000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
324000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
288000000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
2643000000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3000000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.08 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03 pure
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.07 pure
CY2023Q3 gtn Effective Income Tax Rate Reconciliation Discrete Item Percent
EffectiveIncomeTaxRateReconciliationDiscreteItemPercent
0.13 pure
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
130000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2599000000 usd
gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
1856000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
202000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15000000 usd
us-gaap Operating Expenses
OperatingExpenses
2073000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
526000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
363000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
103000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
2642000000 usd
CY2024Q3 us-gaap Assets
Assets
10631000000 usd
gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
1831000000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
43000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20000000 usd
us-gaap Operating Expenses
OperatingExpenses
2147000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
270000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
288000000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
2643000000 usd
CY2023Q3 us-gaap Assets
Assets
10640000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3000000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.08 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.04 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03 pure
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.07 pure
CY2023Q3 gtn Effective Income Tax Rate Reconciliation Discrete Item Percent
EffectiveIncomeTaxRateReconciliationDiscreteItemPercent
0.13 pure
us-gaap Depreciation And Amortization
DepreciationAndAmortization
202000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15000000 usd
us-gaap Operating Expenses
OperatingExpenses
2073000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
526000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
363000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
103000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
2642000000 usd
CY2024Q3 us-gaap Assets
Assets
10631000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2417000000 usd
gtn Operating Expenses Before Depreciation Amortization And Gain Loss On Disposal Of Assets Net
OperatingExpensesBeforeDepreciationAmortizationAndGainLossOnDisposalOfAssetsNet
1831000000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
253000000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
43000000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20000000 usd
us-gaap Operating Expenses
OperatingExpenses
2147000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
270000000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
324000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
288000000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
2643000000 usd
CY2023Q3 us-gaap Assets
Assets
10640000000 usd

Files In Submission

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gtn-20240930_lab.xml Edgar Link unprocessable
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0001437749-24-034144-index.html Edgar Link pending
0001437749-24-034144.txt Edgar Link pending
0001437749-24-034144-xbrl.zip Edgar Link pending
ex_736788.htm Edgar Link pending
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