2021 Q4 Form 10-K Financial Statement

#000095017022002187 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.246B $4.648B $1.377B
YoY Change -9.5% 3.27% 25.14%
Cost Of Revenue $463.6M $1.835B $429.6M
YoY Change 7.92% 8.21% -0.39%
Gross Profit $782.2M $2.813B $947.0M
YoY Change -17.4% 0.28% 41.6%
Gross Profit Margin 62.79% 60.52% 68.79%
Selling, General & Admin $287.1M $1.024B $280.0M
YoY Change 2.54% 12.3% 5.03%
% of Gross Profit 36.7% 36.41% 29.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.2M $166.6M $142.8M
YoY Change 6.56% 12.78% -11.58%
% of Gross Profit 19.45% 5.92% 15.08%
Operating Expenses $434.7M $1.024B $417.0M
YoY Change 4.24% 12.3% 1.26%
Operating Profit $347.5M $1.175B $530.5M
YoY Change -34.5% -14.54% 106.84%
Interest Expense -$23.22M -$158.1M -$45.70M
YoY Change -49.19% -40.37% -49.78%
% of Operating Profit -6.68% -13.45% -8.61%
Other Income/Expense, Net $28.63M -$1.731M $13.60M
YoY Change 110.5% 83.37% 46.24%
Pretax Income $328.9M $1.093B $492.5M
YoY Change -33.22% -1.02% 192.66%
Income Tax $66.54M $262.9M $129.6M
% Of Pretax Income 20.23% 24.04% 26.32%
Net Earnings $264.0M $834.6M $364.2M
YoY Change -27.52% 2.85% 221.74%
Net Earnings / Revenue 21.19% 17.95% 26.46%
Basic Earnings Per Share $19.81 $8.32
Diluted Earnings Per Share $6.188M $18.98 $7.97
COMMON SHARES
Basic Shares Outstanding 42.13M 43.76M
Diluted Shares Outstanding 43.98M 45.70M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.9M $190.9M $153.0M
YoY Change 24.75% 24.75% -34.05%
Cash & Equivalents $190.9M $190.9M $152.7M
Short-Term Investments
Other Short-Term Assets $200.8M $200.8M $153.0M
YoY Change 31.24% 31.24% 0.66%
Inventory
Prepaid Expenses
Receivables $1.021B $1.021B $904.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.413B $1.413B $1.210B
YoY Change 16.75% 16.75% -10.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.513B $1.801B $1.605B
YoY Change -5.76% -4.62% 24.37%
Goodwill $3.052B $2.984B
YoY Change 2.27% -0.43%
Intangibles
YoY Change
Long-Term Investments $1.209B $1.219B $1.322B
YoY Change -8.54% -8.64% -10.2%
Other Assets $396.2M $153.1M $418.2M
YoY Change -5.26% 9.36% -7.42%
Total Long-Term Assets $11.85B $11.85B $12.19B
YoY Change -2.81% -2.81% -3.51%
TOTAL ASSETS
Total Short-Term Assets $1.413B $1.413B $1.210B
Total Long-Term Assets $11.85B $11.85B $12.19B
Total Assets $13.26B $13.26B $13.40B
YoY Change -1.04% -1.04% -4.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.2M $248.2M $218.4M
YoY Change 13.64% 13.85% 38.8%
Accrued Expenses $315.9M $358.8M $307.2M
YoY Change 2.83% 4.6% -27.29%
Deferred Revenue $22.60M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $47.20M $47.17M $21.43M
YoY Change 120.26% 114.41% -80.4%
Total Short-Term Liabilities $787.3M $787.3M $730.9M
YoY Change 7.72% 7.7% -22.87%
LONG-TERM LIABILITIES
Long-Term Debt $7.368B $7.368B $7.647B
YoY Change -3.64% -3.83% -8.79%
Other Long-Term Liabilities $523.3M $523.3M $815.9M
YoY Change -35.86% -34.75% -8.81%
Total Long-Term Liabilities $7.891B $7.891B $8.463B
YoY Change -6.75% -6.76% -8.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $787.3M $787.3M $730.9M
Total Long-Term Liabilities $7.891B $7.891B $8.463B
Total Liabilities $10.41B $10.41B $10.87B
YoY Change -4.24% -4.33% -8.95%
SHAREHOLDERS EQUITY
Retained Earnings $2.204B $1.488B
YoY Change 48.13% 91.06%
Common Stock $500.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $807.0M $367.1M
YoY Change 119.81% 202.45%
Treasury Stock Shares $6.534M $4.035M
Shareholders Equity $2.850B $2.850B $2.518B
YoY Change
Total Liabilities & Shareholders Equity $13.26B $13.26B $13.40B
YoY Change -1.04% -1.04% -4.18%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $264.0M $834.6M $364.2M
YoY Change -27.52% 2.85% 221.74%
Depreciation, Depletion And Amortization $152.2M $166.6M $142.8M
YoY Change 6.56% 12.78% -11.58%
Cash From Operating Activities $333.2M $1.215B $376.7M
YoY Change -11.55% -3.14% 271.13%
INVESTING ACTIVITIES
Capital Expenditures -$45.38M $150.8M -$301.0M
YoY Change -84.93% -30.54% 244.79%
Acquisitions $138.4M
YoY Change -64.19%
Other Investing Activities $7.067M $57.04M $900.0K
YoY Change 685.22% -89.88% -102.74%
Cash From Investing Activities -$38.31M -$232.1M -$300.2M
YoY Change -87.24% 483.9% 150.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $536.8M
YoY Change 90.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -298.8M -945.6M -333.8M
YoY Change -10.48% -26.92% 399.7%
NET CHANGE
Cash From Operating Activities 333.2M 1.215B 376.7M
Cash From Investing Activities -38.31M -232.1M -300.2M
Cash From Financing Activities -298.8M -945.6M -333.8M
Net Change In Cash -3.945M 37.19M -257.3M
YoY Change -98.47% -146.85% 201.64%
FREE CASH FLOW
Cash From Operating Activities $333.2M $1.215B $376.7M
Capital Expenditures -$45.38M $150.8M -$301.0M
Free Cash Flow $378.6M $1.064B $677.7M
YoY Change -44.14% 2.6% 258.95%

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248678000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
324347000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
250663000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
273201000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
319851000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
351715000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
315051000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5849000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7041000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25705000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5101000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
20342000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
45036000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30977000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
125496000
CY2020 nxst Relinquishment Of Spectrum Asset And Derecognition Of Liability To Surrender Spectrum Asset
RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset
77962000
CY2019 nxst Relinquishment Of Spectrum Asset And Derecognition Of Liability To Surrender Spectrum Asset
RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset
52002000
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p id="organization_and_business_operations" style="text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Note 1: Organization and Business Operations</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Nexstar Media Group, Inc., a Delaware corporation, together with its wholly-owned subsidiary, Nexstar Media Inc. (formerly known as Nexstar Inc. and Nexstar Broadcasting, Inc.), a Delaware corporation (collectively referred to as “Nexstar”, “we”, “our”, “ours”, and “us”), is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community websites and digital media services. As of December 31, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, we owned, operated, programmed or provided sales and other services to </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">199</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> full power television stations and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">one</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> AM radio station, including those television stations owned by variable interest entities (“VIEs”), in </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">116</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> markets in </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">39</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> states and the District of Columbia. The stations are affiliates of ABC, NBC, FOX, CBS, The CW, </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">MyNetworkTV (“MNTV”), and other broadcast television networks. As of December 31, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, the stations reached approximately </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">39</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">% of all U.S. television households (after applying the Federal Communications Commission’s (“FCC”) ultra-high frequency (“UHF”) discount). Through various local service agreements, we provided sales, programming, and other services to </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">35</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> television stations owned by consolidated VIEs and one television station owned by an unconsolidated VIE. Nexstar also owns NewsNation (formerly WGN America), a live daily national news and general entertainment cable network, two digital multicast networks and other multicast network services, various digital products, services and content, a </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">31.3</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">% ownership stake in Television Food Network, G.P. (“TV Food Network”), and a portfolio of real estate assets.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">On April 16, 2021, Nexstar Inc. filed a Certificate of Amendment with the Secretary of State of Delaware to change its name to Nexstar Media Inc.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
CY2021Q4 nxst Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
199
CY2021Q4 nxst Number Of Am Radio Station
NumberOfAMRadioStation
1
CY2021Q4 nxst Number Of Television Markets
NumberOfTelevisionMarkets
116
CY2021Q4 nxst Number Of States
NumberOfStates
39
CY2021Q4 nxst Percentage Of Us Television House Hold Reach After Applying Fccuhf Discount
PercentageOfUsTelevisionHouseHoldReachAfterApplyingFccuhfDiscount
0.39
CY2021Q4 nxst Number Of Full Power Television Stations Owned Or Operated By Independent Third Parties
NumberOfFullPowerTelevisionStationsOwnedOrOperatedByIndependentThirdParties
35
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-left:2.253%;text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Basis of Presentation</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Certain prior year financial statement amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or stockholders’ equity as previously reported.</span></p>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.253%;text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and use assumptions that affect the reported amounts of assets and liabilities and the disclosure for contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The more significant estimates made by management include, but are not limited to, those relating to allowance for doubtful accounts, valuation of assets acquired and liabilities assumed in business combinations, distribution revenue recognized, income taxes, the recoverability of goodwill, FCC licenses and long-lived assets, pension and postretirement obligations, the recoverability of investments, the recoverability of broadcast rights and the useful lives of property and equipment and intangible assets. As of December 31, 2021, the Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or revision of the carrying value of its assets or liabilities. However, these estimates and judgments may change as new events occur and additional information is obtained, which may result in changes being recognized in the Company’s consolidated financial statements in future periods. While the Company considered the effects of COVID-19 in its estimates and assumptions, due to the current level of uncertainty over the economic and operational impacts of COVID-19 on its business, there may be other judgments and assumptions that were not currently considered. Such judgments and assumptions could result in a meaningful impact on the Company’s consolidated financial statements in future periods. Actual results could differ from those estimates and any such differences may have a material impact on the Company’s consolidated financial statements.</span></p>
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-left:2.267%;text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Concentration of Credit Risk</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Financial instruments which potentially expose the Company to a concentration of credit risk consist principally of cash and cash equivalents, restricted cash, and accounts receivable. Cash deposits are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits; however, the Company believes these deposits are maintained with financial institutions of reputable credit and are not subject to any unusual credit risk. A significant portion of the Company’s accounts receivable is due from local and national advertising agencies. The Company does not require collateral from its customers but maintains reserves for potential credit losses. Management believes that the allowance for doubtful accounts is adequate, but if the financial condition of the Company’s customers were to deteriorate, additional allowances may be required. The Company has not experienced significant losses related to receivables from individual customers or by geographical area.</span></p>
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
45300000
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
23000000.0
CY2021Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.20
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2021 us-gaap Advertising Expense
AdvertisingExpense
20500000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
14900000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
8900000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42133000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44921000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45986000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1849000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1799000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1937000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43982000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46720000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47923000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
122000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4023138000
CY2019 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
BusinessAcquisitionsProFormaIncomeOrLossBeforeTaxes
429784000
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
300711000
CY2019 nxst Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
295061000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2250536000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2224105000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
738066000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
619224000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1512470000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1604881000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4170223000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1453090000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2717133000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4138117000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1198916000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2939201000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
298552000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
292564000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
291230000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
286966000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
262434000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1285387000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2717133000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
3116302000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
132294000
CY2020Q4 us-gaap Goodwill
Goodwill
2984008000
CY2020Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
2957114000
CY2020Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2020Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
2909704000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
69060000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
69060000
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1300000
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1300000
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
42475000
CY2021 nxst Goodwill Divestitures Accumulated Impairment Loss
GoodwillDivestituresAccumulatedImpairmentLoss
42475000
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1407000
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1407000
CY2021 nxst Indefinite Lived Intangible Assets Excluding Good Will During Period Measurement Period Gross
IndefiniteLivedIntangibleAssetsExcludingGoodWillDuringPeriodMeasurementPeriodGross
-753000
CY2021 nxst Indefinite Lived Intangible Assets Excluding Good Will During Period Measurement Net
IndefiniteLivedIntangibleAssetsExcludingGoodWillDuringPeriodMeasurementNet
-753000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
3141480000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
89819000
CY2021Q4 us-gaap Goodwill
Goodwill
3051661000
CY2021Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
2957661000
CY2021Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2021Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
2910251000
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
42500000
CY2021Q4 nxst Percentage Of Goodwill Of Consolidated Carrying Amount
PercentageOfGoodwillOfConsolidatedCarryingAmount
0.04
CY2021Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.10
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 nxst Indefinite Lived Intangible Assets Impairment Loss
IndefiniteLivedIntangibleAssetsImpairmentLoss
0
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1208871000
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1321715000
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
9920000
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
12063000
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
1218791000
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
1333778000
CY2021 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
250336000
CY2020 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
217913000
CY2019 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
63107000
CY2021 nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
125756000
CY2020 nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
147759000
CY2019 nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
45182000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
124580000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
70154000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17925000
CY2021Q4 nxst Equity Method Investment Difference Between Carrying Amount And Underlying Equity Remaining Identifiable Assets Subject To Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityRemainingIdentifiableAssetsSubjectToAmortization
536100000
CY2020Q4 nxst Equity Method Investment Difference Between Carrying Amount And Underlying Equity Remaining Identifiable Assets Subject To Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityRemainingIdentifiableAssetsSubjectToAmortization
661300000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
120176000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
104133000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
62356000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
67885000
CY2021Q4 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
45907000
CY2020Q4 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
34948000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
87507000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
100226000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
315946000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
307192000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7474878000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7742557000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
7415126000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
7668003000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
47170000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21429000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7367956000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7646574000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
47170000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
617400000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1090743000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3000000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2647315000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3069250000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7474878000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
288337000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
282834000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
42843000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35850000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
237911000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
234208000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
57000000.0
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
47300000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
28500000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
51600000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
47000000.0
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
16800000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
55966000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
53615000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49877000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
37408000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
30887000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
124957000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
352710000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
71956000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
280754000
CY2021Q4 nxst Portion Of Defined Benefit Plan Benefit Obligation Funded By Plan Assets
PortionOfDefinedBenefitPlanBenefitObligationFundedByPlanAssets
2205000000
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2152000000
CY2021Q4 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.98
CY2021Q4 nxst Defined Benefit Plan Pension Plan Obligation Underfunded Amount
DefinedBenefitPlanPensionPlanObligationUnderfundedAmount
53000000
CY2021Q4 nxst Defined Benefit Plan Pension Plan Obligation Unfrozen Amount
DefinedBenefitPlanPensionPlanObligationUnfrozenAmount
40500000
CY2021Q4 nxst Reduction In Pension Plan Assets Due To Annuity Contract Purchases
ReductionInPensionPlanAssetsDueToAnnuityContractPurchases
116900000
CY2021Q4 nxst Estimation Of Irrevocable Transfer Of Pension Plan Obligation
EstimationOfIrrevocableTransferOfPensionPlanObligation
117500000
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
12500000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-8945000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-11497000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5511000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-41706000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3422000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262878000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
296508000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137026000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
229616000
CY2021Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2450275
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
219063000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
281358000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
111486000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
38304000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
56856000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
28962000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
257367000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
338214000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
140448000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2135000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-32761000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8075000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3376000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
231922000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
78229000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
43315000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
43082000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
13569000
CY2021 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
6203000
CY2020 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
6289000
CY2019 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
5149000
CY2019 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Acquisition Costs
IncomeTaxReconciliationNondeductibleExpenseNondeductibleAcquisitionCosts
3649000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
1718000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
1487000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
2171000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
8920000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-19563000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-2974000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-5363000
CY2020 nxst Income Tax Rate Reconciliation Disposition Of Nondeductible Goodwill
IncomeTaxRateReconciliationDispositionOfNondeductibleGoodwill
8347000
CY2019 nxst Income Tax Rate Reconciliation Disposition Of Nondeductible Goodwill
IncomeTaxRateReconciliationDispositionOfNondeductibleGoodwill
10302000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
18866000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5332000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
19894000
CY2021 nxst Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
-11944000
CY2020 nxst Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
1228000
CY2019 nxst Income Tax Reconciliation Uncertain Tax Positions
IncomeTaxReconciliationUncertainTaxPositions
902000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5333000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1795000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-396000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
262878000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
296508000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137026000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 nxst Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Description For Percentage Of Effect For Immediate Expensing On Costs Of Qualified Property
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDescriptionForPercentageOfEffectForImmediateExpensingOnCostsOfQualifiedProperty
The Act also provides for immediate expensing of 100% of the costs of qualified property that are incurred and placed in service during the period from September 27, 2017 to December 31, 2022. Beginning January 1, 2023, the immediate expensing provision is phased down by 20% per year until it is completely phased out as of January 1, 2027.
CY2021 nxst Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Percentage Of Effect For Immediate Expensing On Costs Of Qualified Property
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRatePercentageOfEffectForImmediateExpensingOnCostsOfQualifiedProperty
1
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
50327000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
49859000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
10270000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
13133000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
71648000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
68919000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
35945000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
94971000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
30623000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
30961000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
198813000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
257843000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42345000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23479000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
156468000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
234364000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
240872000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
252149000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
485730000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
536365000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
118999000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
76544000
CY2021Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
DeferredTaxLiabilitiesIndefiniteLivedIntangibleAssets
668590000
CY2020Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
DeferredTaxLiabilitiesIndefiniteLivedIntangibleAssets
649034000
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
76471000
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
75571000
CY2021Q4 nxst Deferred Tax Liabilities Deferred Gain On Spectrum
DeferredTaxLiabilitiesDeferredGainOnSpectrum
37276000
CY2020Q4 nxst Deferred Tax Liabilities Deferred Gain On Spectrum
DeferredTaxLiabilitiesDeferredGainOnSpectrum
37275000
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
210484000
CY2020Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
242436000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
46554000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
38998000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1884976000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1908372000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1728508000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1674008000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42300000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
18900000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45600000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45200000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45590000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45235000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12542000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
2007000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
32211000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
348000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
75000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
75000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
466000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
761000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
45000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6961000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1433000
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6086000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
760000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
354000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32846000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45590000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45235000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45600000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
45600000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6100000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
7300000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6400000
CY2021Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
28500000
CY2021 nxst Number Of Prohibit Owning Station
NumberOfProhibitOwningStation
2
CY2021Q4 nxst Maximum Percentage Of Us Television Household Reach
MaximumPercentageOfUSTelevisionHouseholdReach
0.39
CY2021 nxst Percentage Of Providing Of Programming Of Non Owned Television Station
PercentageOfProvidingOfProgrammingOfNonOwnedTelevisionStation
0.15
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due Next Twelve Months
BroadcastRightsAcquiredFutureMinimumPaymentsDueNextTwelveMonths
44317000
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Two Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInTwoYears
15143000
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Three Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInThreeYears
3288000
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Four Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInFourYears
3294000
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Five Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInFiveYears
1141000
CY2021Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due
BroadcastRightsAcquiredFutureMinimumPaymentsDue
67183000
CY2021Q4 nxst Number Of Stations Covered Under Collective Bargaining Agreements
NumberOfStationsCoveredUnderCollectiveBargainingAgreements
21
CY2021Q4 nxst Number Of Multicast Network Services Owned And Operated
NumberOfMulticastNetworkServicesOwnedAndOperated
2
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648371000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4501269000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3039324000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
467477000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
427398000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
323692000
CY2021 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
46310000
CY2020 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
56096000
CY2019 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
15612000
CY2021 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
19735000
CY2020 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
57261000
CY2019 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
70356000
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
23046000
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
63317000
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
2755000
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7473000
CY2019 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
96091000
CY2021 nxst Miscellaneous Net
MiscellaneousNet
8364000
CY2020 nxst Miscellaneous Net
MiscellaneousNet
450000
CY2019 nxst Miscellaneous Net
MiscellaneousNet
-5009000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
1175393000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1375396000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
655131000
CY2021Q4 us-gaap Assets
Assets
13264462000
CY2020Q4 us-gaap Assets
Assets
13404276000
CY2021Q4 us-gaap Goodwill
Goodwill
3051661000
CY2020Q4 us-gaap Goodwill
Goodwill
2984008000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648371000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4501269000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3039324000

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