2023 Q1 Form 10-K Financial Statement

#000095017023005209 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.257B $1.487B $5.211B
YoY Change 3.88% 19.33% 12.1%
Cost Of Revenue $531.0M $495.3M $1.977B
YoY Change 9.94% 6.83% 7.73%
Gross Profit $726.0M $991.4M $3.234B
YoY Change -0.15% 26.74% 14.96%
Gross Profit Margin 57.76% 66.68% 62.06%
Selling, General & Admin $266.0M $333.5M $1.102B
YoY Change 7.34% 16.16% 7.58%
% of Gross Profit 36.64% 33.64% 34.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $249.0M $231.0M $662.1M
YoY Change 536.83% 51.8% 297.5%
% of Gross Profit 34.3% 23.3% 20.47%
Operating Expenses $266.0M $564.5M $1.102B
YoY Change 7.34% 29.86% 7.58%
Operating Profit $204.0M $426.9M $1.312B
YoY Change -38.07% 22.84% 11.63%
Interest Expense -$82.00M -$60.20M -$183.2M
YoY Change 160.32% 159.25% 15.9%
% of Operating Profit -40.2% -14.1% -13.96%
Other Income/Expense, Net -$1.000M $13.30M -$7.600M
YoY Change -79.59% -53.54% 339.05%
Pretax Income $130.0M $245.7M $1.217B
YoY Change -57.22% -25.29% 11.32%
Income Tax $42.00M $67.60M $273.6M
% Of Pretax Income 32.31% 27.51% 22.48%
Net Earnings $111.0M $203.3M $971.1M
YoY Change -55.88% -22.99% 16.36%
Net Earnings / Revenue 8.83% 13.67% 18.64%
Basic Earnings Per Share $3.03 $24.68
Diluted Earnings Per Share $2.97 $5.31 $24.16
COMMON SHARES
Basic Shares Outstanding 36.77M 37.71M 39.35M
Diluted Shares Outstanding 37.45M 40.19M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $413.0M $204.1M $204.1M
YoY Change 26.61% 6.93% 6.93%
Cash & Equivalents $413.0M $204.1M $204.1M
Short-Term Investments
Other Short-Term Assets $277.0M $331.0M $331.0M
YoY Change 99.14% 64.84% 64.84%
Inventory
Prepaid Expenses
Receivables $1.008B $1.079B $1.079B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.698B $1.615B $1.615B
YoY Change 14.57% 14.28% 14.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.256B $1.262B $1.550B
YoY Change -16.38% -16.54% -13.92%
Goodwill $2.961B $2.961B
YoY Change -2.97% -2.98%
Intangibles
YoY Change
Long-Term Investments $916.0M $1.115B $1.119B
YoY Change -13.08% -7.74% -8.19%
Other Assets $359.0M $377.7M $89.90M
YoY Change -9.27% -4.67% -41.28%
Total Long-Term Assets $10.77B $11.06B $11.06B
YoY Change -7.26% -6.64% -6.64%
TOTAL ASSETS
Total Short-Term Assets $1.698B $1.615B $1.615B
Total Long-Term Assets $10.77B $11.06B $11.06B
Total Assets $12.46B $12.68B $12.68B
YoY Change -4.79% -4.41% -4.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $207.0M $197.7M $197.7M
YoY Change -6.21% -20.35% -20.34%
Accrued Expenses $305.0M $319.5M $369.1M
YoY Change 9.67% 1.14% 2.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $124.0M $124.3M $124.3M
YoY Change 124.23% 163.35% 163.51%
Total Short-Term Liabilities $864.0M $893.2M $893.2M
YoY Change 17.79% 13.45% 13.45%
LONG-TERM LIABILITIES
Long-Term Debt $6.799B $6.827B $6.827B
YoY Change -5.63% -7.34% -7.34%
Other Long-Term Liabilities $555.0M $583.6M $583.6M
YoY Change 8.8% 11.52% 11.53%
Total Long-Term Liabilities $7.354B $7.411B $7.411B
YoY Change -4.68% -6.09% -6.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $864.0M $893.2M $893.2M
Total Long-Term Liabilities $7.354B $7.411B $7.411B
Total Liabilities $9.811B $9.910B $9.938B
YoY Change -3.52% -4.78% -4.57%
SHAREHOLDERS EQUITY
Retained Earnings $3.094B $3.033B
YoY Change 27.92% 37.61%
Common Stock $0.00 $500.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.772B $1.607B
YoY Change 93.96% 99.13%
Treasury Stock Shares $11.30M $10.47M
Shareholders Equity $2.624B $2.741B $2.741B
YoY Change
Total Liabilities & Shareholders Equity $12.46B $12.68B $12.68B
YoY Change -4.79% -4.41% -4.41%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $111.0M $203.3M $971.1M
YoY Change -55.88% -22.99% 16.36%
Depreciation, Depletion And Amortization $249.0M $231.0M $662.1M
YoY Change 536.83% 51.8% 297.5%
Cash From Operating Activities $494.0M $218.0M $1.403B
YoY Change -4.8% -34.57% 15.49%
INVESTING ACTIVITIES
Capital Expenditures $36.00M $57.30M $157.3M
YoY Change 24.57% -226.28% 4.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 $193.4M $1.000M
YoY Change -100.0% 2636.66% -98.25%
Cash From Investing Activities -$36.00M $136.1M $125.2M
YoY Change 60.71% -455.28% -153.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $880.7M
YoY Change 64.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -251.0M -496.6M -1.515B
YoY Change -30.51% 66.18% 60.22%
NET CHANGE
Cash From Operating Activities 494.0M 218.0M 1.403B
Cash From Investing Activities -36.00M 136.1M 125.2M
Cash From Financing Activities -251.0M -496.6M -1.515B
Net Change In Cash 207.0M -142.5M 13.20M
YoY Change 52.99% 3512.17% -64.5%
FREE CASH FLOW
Cash From Operating Activities $494.0M $218.0M $1.403B
Capital Expenditures $36.00M $57.30M $157.3M
Free Cash Flow $458.0M $160.7M $1.246B
YoY Change -6.53% -57.55% 17.07%

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CY2021 us-gaap Profit Loss
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CY2022 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;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Note 1: Organization and Business Operations</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">As used in these Consolidated Financial Statements and unless the context indicates otherwise, “Nexstar” refers to Nexstar Media Group, Inc., a Delaware corporation, and its consolidated wholly-owned and majority-owned subsidiaries; the “Company” refers to Nexstar and the variable interest entities (“VIEs”) required to be consolidated in our financial statements under authoritative guidance related to the consolidation of VIEs; and all references to “we,” “our,” “ours,” and “us” refer to Nexstar.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Nexstar is a leading diversified media company with television broadcasting, television network and digital media assets operating in the United States. As of December 31, 2022</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, we owned, operated, programmed or provided sales and other services to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> full power television stations and </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> AM radio station, including those television stations owned by VIEs, in </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> markets in </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> states and the District of Columbia. The stations are affiliates of CBS, FOX, NBC, ABC, 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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">MyNetworkTV, and other broadcast television networks. As of December 31, 2022</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, the stations reached approximately </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% 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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> television stations owned by consolidated VIEs and </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> television station owned by an unconsolidated VIE. Nexstar also owns a </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">75.0</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% ownership in The CW Network, LLC, the fifth major broadcast network in the U.S. (“The CW”) (see Note 3), NewsNation, a national cable news network, </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">two</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> digital multicast networks, Antenna TV and Rewind TV, and multicast network services provided to third parties, and a </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% ownership stake in Television Food Network, G.P. (“TV Food Network”). </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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Our digital assets include more than </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">140</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> local websites, </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">280</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> mobile applications, </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">22</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> connected television applications, and </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">six</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> free-ad supported television channels representing products of our local television stations, The CW, NewsNationNow, The Hill and BestReviews and a suite of advertising solutions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 nxst Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
199
CY2022Q4 nxst Number Of Am Radio Station
NumberOfAMRadioStation
1
CY2022Q4 nxst Number Of Television Markets
NumberOfTelevisionMarkets
116
CY2022Q4 nxst Number Of States
NumberOfStates
39
CY2022Q4 nxst Percentage Of Us Television House Hold Reach After Applying Fccuhf Discount
PercentageOfUsTelevisionHouseHoldReachAfterApplyingFccuhfDiscount
0.39
CY2022Q4 nxst Number Of Television Stations Owned By Consolidated Vi Es
NumberOfTelevisionStationsOwnedByConsolidatedVIEs
35
CY2022Q4 nxst Number Of Television Station Owned By An Unconsolidated Vie
NumberOfTelevisionStationOwnedByAnUnconsolidatedVIE
1
CY2022Q4 nxst Number Of Multicast Network Services Owned And Operated
NumberOfMulticastNetworkServicesOwnedAndOperated
2
CY2022Q4 nxst Number Of Mobile Applications
NumberOfMobileApplications
280
CY2022 nxst Number Of Connected Television Applications
NumberOfConnectedTelevisionApplications
22
CY2022 nxst Number Of Ad Supported Television Channels
NumberOfAdSupportedTelevisionChannels
6
CY2022 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;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:2.253%;text-indent:0.0%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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 credit losses, valuation of assets acquired and liabilities assumed in business combinations, distribution revenue recognized, deferred income tax asset valuation allowances, fair value of stock-based compensation, 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, 2022, 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. 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>
CY2022 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;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:10.0pt;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">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 credit losses 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>
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2022 nxst Cost Of Completed Program But Not Yet Delivered
CostOfCompletedProgramButNotYetDelivered
66200000
CY2022 nxst Amortization Of Broadcast Rights
AmortizationOfBroadcastRights
192900000
CY2021 nxst Amortization Of Broadcast Rights
AmortizationOfBroadcastRights
121100000
CY2020 nxst Amortization Of Broadcast Rights
AmortizationOfBroadcastRights
137500000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
23500000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
20500000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
14900000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39349000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42133000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44921000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
838000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300900000
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
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40187000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43982000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46720000
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26000
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
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5513500000
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5107400000
CY2022 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
BusinessAcquisitionsProFormaIncomeOrLossBeforeTaxes
916800000
CY2021 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
BusinessAcquisitionsProFormaIncomeOrLossBeforeTaxes
786400000
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
689400000
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
592000000.0
CY2022 nxst Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
781400000
CY2021 nxst Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
690400000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2097200000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2250600000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
834800000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
738100000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1262400000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1512500000
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
236000000.0
CY2022 us-gaap Depreciation
Depreciation
159900000
CY2021 us-gaap Depreciation
Depreciation
166600000
CY2020 us-gaap Depreciation
Depreciation
147700000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2717100000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
309300000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4201700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1767500000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2434200000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4170200000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1453100000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
279700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
299000000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
293800000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
289400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
265200000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
252400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1034400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2434200000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
3141400000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
89800000
CY2021Q4 us-gaap Goodwill
Goodwill
3051600000
CY2021Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
2957700000
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CY2022Q4 us-gaap Indefinite Lived License Agreements
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CY2022Q4 us-gaap Long Term Investments
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CY2021Q4 us-gaap Long Term Investments
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CY2021 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
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217900000
CY2022 nxst Equity Method Investments Amortization Of Basis Difference
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CY2021 nxst Equity Method Investments Amortization Of Basis Difference
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CY2021 us-gaap Income Loss From Equity Method Investments
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CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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CY2021Q4 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Interest Payable Current
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CY2020 us-gaap Operating Lease Payments
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CY2021Q4 us-gaap Other Accrued Liabilities Current
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87500000
CY2022Q4 us-gaap Accrued Liabilities Current
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319500000
CY2021Q4 us-gaap Accrued Liabilities Current
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315900000
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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3657700000
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022 us-gaap Operating Lease Payments
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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62300000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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58600000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
44400000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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35400000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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25600000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
135100000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
361400000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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73300000
CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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CY2022 us-gaap Payments Of Dividends Common Stock
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142200000
CY2021 us-gaap Payments Of Dividends Common Stock
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118200000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
101000000.0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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2051861
CY2022 us-gaap Current Federal Tax Expense Benefit
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294100000
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
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6200000
CY2020 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
6300000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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2100000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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1700000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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1500000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 nxst Income Tax Rate Reconciliation Disposition Of Nondeductible Goodwill
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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18900000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 nxst Income Tax Reconciliation Uncertain Tax Positions
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CY2021 nxst Income Tax Reconciliation Uncertain Tax Positions
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CY2020 nxst Income Tax Reconciliation Uncertain Tax Positions
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CY2022 nxst Income Tax Rate Reconciliation Bargain Purchase Gain
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CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
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2200000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1800000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
273600000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
296500000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 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.
CY2022 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
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
44600000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
50300000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
7100000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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10300000
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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71700000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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62500000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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35900000
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53500000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
30600000
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237600000
CY2021Q4 us-gaap Deferred Tax Assets Gross
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198800000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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38200000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42300000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
199400000
CY2021Q4 us-gaap Deferred Tax Assets Net
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156500000
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187500000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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240900000
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472800000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
485700000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
133400000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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119000000.0
CY2022Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
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655800000
CY2021Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
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668600000
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
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72100000
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
76500000
CY2022Q4 nxst Deferred Tax Liabilities Deferred Gain On Spectrum
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37300000
CY2021Q4 nxst Deferred Tax Liabilities Deferred Gain On Spectrum
DeferredTaxLiabilitiesDeferredGainOnSpectrum
37300000
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
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202100000
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
210500000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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44000000.0
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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46500000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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1805000000.0
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1605600000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1728500000
CY2022 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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45600000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45600000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45200000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
300000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
100000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1700000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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7000000.0
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1400000
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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3100000
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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6100000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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800000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
45600000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
28000000.0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32800000
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28000000.0
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
32800000
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6900000
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
CY2022Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
5700000
CY2022 nxst Number Of Station Prohibited Owning In A Market
NumberOfStationProhibitedOwningInAMarket
2
CY2022Q4 nxst Maximum Percentage Of Us Television Household Reach
MaximumPercentageOfUSTelevisionHouseholdReach
0.39
CY2022 nxst Maximum Percentage Allowed Of Providing Programming To Non Owned Television Station Through Tba Or Lma
MaximumPercentageAllowedOfProvidingProgrammingToNonOwnedTelevisionStationThroughTbaOrLma
0.15
CY2022Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due Next Twelve Months
BroadcastRightsAcquiredFutureMinimumPaymentsDueNextTwelveMonths
193500000
CY2022Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Two Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInTwoYears
23500000
CY2022Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Three Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInThreeYears
3400000
CY2022Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Four Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInFourYears
1200000
CY2022Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due
BroadcastRightsAcquiredFutureMinimumPaymentsDue
221600000
CY2022Q4 nxst Number Of Stations Covered Under Collective Bargaining Agreements
NumberOfStationsCoveredUnderCollectiveBargainingAgreements
21
CY2022Q4 nxst Number Of Multicast Network Services Owned And Operated
NumberOfMulticastNetworkServicesOwnedAndOperated
2
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5211000000.0
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648400000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4501300000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
469200000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
467500000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
427400000
CY2022 nxst Goodwill And Other Long Lived Asset Impairments
GoodwillAndOtherLongLivedAssetImpairments
132900000
CY2021 nxst Goodwill And Other Long Lived Asset Impairments
GoodwillAndOtherLongLivedAssetImpairments
23000000.0
CY2022 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
22700000
CY2021 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
46300000
CY2020 nxst Payments For Broadcast Rights Net Of Amortization
PaymentsForBroadcastRightsNetOfAmortization
56100000
CY2022 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
2800000
CY2021 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
19700000
CY2020 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
57300000
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
2800000
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7500000
CY2022 nxst Miscellaneous Net
MiscellaneousNet
-4500000
CY2021 nxst Miscellaneous Net
MiscellaneousNet
8400000
CY2020 nxst Miscellaneous Net
MiscellaneousNet
400000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
1312100000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
1175400000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1375400000
CY2022Q4 us-gaap Assets
Assets
12678900000
CY2021Q4 us-gaap Assets
Assets
13264500000
CY2020Q4 us-gaap Goodwill
Goodwill
2960800000
CY2021Q4 us-gaap Goodwill
Goodwill
3051600000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5211000000.0
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4648400000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4501300000

Files In Submission

Name View Source Status
nxst-20221231_pre.xml Edgar Link unprocessable
nxst-20221231_cal.xml Edgar Link unprocessable
nxst-20221231_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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Financial_Report.xlsx Edgar Link pending
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