2016 Q2 Form 10-Q Financial Statement
#000156459016023613 Filed on August 09, 2016
Income Statement
| Concept | 2016 Q2 | 2015 Q4 | 2015 Q2 |
|---|---|---|---|
| Revenue | $262.0M | $252.3M | $219.3M |
| YoY Change | 19.44% | 30.84% | 49.29% |
| Cost Of Revenue | $90.00M | $77.10M | $73.00M |
| YoY Change | 23.29% | 48.55% | 61.15% |
| Gross Profit | $172.0M | $169.6M | $146.3M |
| YoY Change | 17.57% | 20.37% | 43.85% |
| Gross Profit Margin | 65.65% | 67.23% | 66.7% |
| Selling, General & Admin | $65.80M | $62.20M | $56.56M |
| YoY Change | 16.34% | 34.34% | 29.14% |
| % of Gross Profit | 38.26% | 36.67% | 38.66% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $30.30M | $30.60M | $11.30M |
| YoY Change | 168.09% | 60.21% | -35.05% |
| % of Gross Profit | 17.62% | 18.04% | 7.73% |
| Operating Expenses | $108.0M | $102.3M | $168.8M |
| YoY Change | -36.01% | 43.28% | 285.38% |
| Operating Profit | $64.01M | $67.35M | $52.54M |
| YoY Change | 21.82% | -2.25% | 50.37% |
| Interest Expense | -$20.60M | -$20.40M | -$20.40M |
| YoY Change | 0.98% | 28.3% | 33.33% |
| % of Operating Profit | -32.18% | -30.29% | -38.83% |
| Other Income/Expense, Net | -$147.0K | -$100.0K | -$200.0K |
| YoY Change | -26.5% | 0.0% | 100.0% |
| Pretax Income | $43.28M | $46.77M | $32.00M |
| YoY Change | 35.26% | -11.5% | 64.91% |
| Income Tax | $18.50M | $19.40M | $12.10M |
| % Of Pretax Income | 42.74% | 41.48% | 37.81% |
| Net Earnings | $24.53M | $27.17M | $20.32M |
| YoY Change | 20.71% | -11.91% | 85.68% |
| Net Earnings / Revenue | 9.36% | 10.77% | 9.26% |
| Basic Earnings Per Share | $0.80 | $0.89 | $0.65 |
| Diluted Earnings Per Share | $0.78 | $0.86 | $0.63 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 30.68M | 30.62M | 31.33M |
| Diluted Shares Outstanding | 31.62M | 31.58M | 32.38M |
Balance Sheet
| Concept | 2016 Q2 | 2015 Q4 | 2015 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $27.00M | $43.00M | $27.00M |
| YoY Change | 0.0% | -67.42% | -15.63% |
| Cash & Equivalents | $27.18M | $43.42M | $26.89M |
| Short-Term Investments | |||
| Other Short-Term Assets | $27.92M | $23.62M | $240.0M |
| YoY Change | -88.37% | 46.38% | 370.63% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $207.0M | $193.0M | $172.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $262.0M | $260.0M | $267.0M |
| YoY Change | -1.87% | -5.76% | 40.53% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $284.0M | $266.6M | $276.0M |
| YoY Change | 2.9% | 12.13% | 26.03% |
| Goodwill | $451.7M | ||
| YoY Change | 76.09% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $79.00M | $53.17M | $57.00M |
| YoY Change | 38.6% | -58.39% | -38.04% |
| Total Long-Term Assets | $1.636B | $1.575B | $1.599B |
| YoY Change | 2.31% | 38.39% | 60.06% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $262.0M | $260.0M | $267.0M |
| Total Long-Term Assets | $1.636B | $1.575B | $1.599B |
| Total Assets | $1.898B | $1.835B | $1.866B |
| YoY Change | 1.71% | 29.77% | 56.94% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $30.00M | $25.94M | $22.00M |
| YoY Change | 36.36% | 50.52% | 83.33% |
| Accrued Expenses | $76.00M | $60.56M | $50.00M |
| YoY Change | 52.0% | 64.53% | 42.86% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $40.00M | $22.14M | $34.00M |
| YoY Change | 17.65% | 39.77% | 385.71% |
| Total Short-Term Liabilities | $156.0M | $146.1M | $123.3M |
| YoY Change | 26.47% | 50.17% | 68.97% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.462B | $1.454B | $1.482B |
| YoY Change | -1.34% | 20.72% | 36.96% |
| Other Long-Term Liabilities | $40.00M | $46.86M | $45.99M |
| YoY Change | -13.03% | 6.76% | 83.96% |
| Total Long-Term Liabilities | $1.502B | $1.501B | $1.528B |
| YoY Change | -1.69% | 20.23% | 38.02% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $156.0M | $146.1M | $123.3M |
| Total Long-Term Liabilities | $1.502B | $1.501B | $1.528B |
| Total Liabilities | $1.767B | $1.749B | $1.769B |
| YoY Change | -0.14% | 28.82% | 49.45% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$221.9M | -$268.1M | |
| YoY Change | -22.46% | ||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $44.81M | $47.75M | |
| YoY Change | |||
| Treasury Stock Shares | $938.9K | $993.6K | |
| Shareholders Equity | $131.7M | $80.67M | $91.00M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.898B | $1.835B | $1.866B |
| YoY Change | 1.74% | 29.77% | 56.94% |
Cashflow Statement
| Concept | 2016 Q2 | 2015 Q4 | 2015 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $24.53M | $27.17M | $20.32M |
| YoY Change | 20.71% | -11.91% | 85.68% |
| Depreciation, Depletion And Amortization | $30.30M | $30.60M | $11.30M |
| YoY Change | 168.09% | 60.21% | -35.05% |
| Cash From Operating Activities | $57.70M | $64.60M | $31.00M |
| YoY Change | 86.13% | 40.74% | 8.01% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$7.300M | -$22.00M | -$6.700M |
| YoY Change | 8.96% | -83.19% | -90.2% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $100.0K | $1.600M | $1.200M |
| YoY Change | -91.67% | ||
| Cash From Investing Activities | -$7.100M | -$20.40M | -$5.400M |
| YoY Change | 31.48% | -84.42% | -92.09% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -36.30M | -24.20M | -43.20M |
| YoY Change | -15.97% | -116.32% | -303.77% |
| NET CHANGE | |||
| Cash From Operating Activities | 57.70M | 64.60M | 31.00M |
| Cash From Investing Activities | -7.100M | -20.40M | -5.400M |
| Cash From Financing Activities | -36.30M | -24.20M | -43.20M |
| Net Change In Cash | 14.30M | 20.00M | -17.60M |
| YoY Change | -181.25% | -68.4% | -4.35% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $57.70M | $64.60M | $31.00M |
| Capital Expenditures | -$7.300M | -$22.00M | -$6.700M |
| Free Cash Flow | $65.00M | $86.60M | $37.70M |
| YoY Change | 72.41% | -51.02% | -61.17% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6089000 | ||
| CY2015Q4 | nxst |
Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
|
49421000 | |
| CY2016Q2 | nxst |
Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
|
550715000 | |
| CY2016Q2 | nxst |
Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
|
49421000 | |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
13627000 | |
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000 | |
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Preferred Stock Shares Issued
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|
0 | |
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Retained Earnings Accumulated Deficit
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-221864000 | |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-268120000 | |
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Treasury Stock Value
TreasuryStockValue
|
44814000 | |
| CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
47746000 | |
| CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
131692000 | |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
80674000 | |
| CY2016Q2 | us-gaap |
Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
|
6416000 | |
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Noncontrolling Interest In Variable Interest Entity
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|
5699000 | |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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|
138108000 | |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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86373000 | |
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1898452000 | |
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1835134000 | |
| CY2016Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
5812000 | |
| CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
5369000 | |
| CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000 | |
| CY2016Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2016Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
938890 | |
| CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
993565 | |
| CY2015Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1057000 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
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Broadcast Rights Current
BroadcastRightsCurrent
|
13100000 | |
| CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
19900000 | |
| CY2016Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
270000 | |
| CY2015Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-421000 | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
213000 | ||
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Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
13176000 | ||
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Dividends Common Stock Cash
DividendsCommonStockCash
|
14716000 | ||
| us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
100000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1394000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1320000 | ||
| nxst |
Amortization Of Broadcast Rights Excluding Barter
AmortizationOfBroadcastRightsExcludingBarter
|
11857000 | ||
| nxst |
Amortization Of Broadcast Rights Excluding Barter
AmortizationOfBroadcastRightsExcludingBarter
|
10357000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
269000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-927000 | ||
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Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1900000 | ||
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
1816000 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-19013000 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-16318000 | ||
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Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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2091000 | ||
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7214000 | ||
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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-2449000 | ||
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Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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-119000 | ||
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Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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-3848000 | ||
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Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-15099000 | ||
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Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
7146000 | ||
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Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
209000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
80593000 | ||
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
13373000 | ||
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Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
459691000 | ||
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Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
26805000 | ||
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Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2139000 | ||
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Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-444120000 | ||
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
411950000 | ||
| us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
147828000 | ||
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3225000 | ||
| us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
100000 | ||
| us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
100000 | ||
| us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2171000 | ||
| us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
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1724000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
6226000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
258506000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-16234000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-105021000 | ||
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
131912000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
26891000 | |
| us-gaap |
Interest Paid
InterestPaid
|
39214000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
30721000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
23682000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
17642000 | ||
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2161000 | ||
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1362000 | ||
| us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
709000 | ||
| us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
3557000 | ||
| CY2016Q2 | nxst |
Accrued Debt Financing Costs
AccruedDebtFinancingCosts
|
542000 | |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Organization and Business Operations </p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of June 30, 2016, Nexstar Broadcasting Group, Inc. and its wholly-owned subsidiaries (“Nexstar”) owned, operated, programmed or provided sales and other services to 104 full power television stations, including those owned by variable interest entities (“VIEs”), in 62 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Missouri, Montana, Nevada, New York, North Dakota, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia and Wisconsin. The stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV and other broadcast television networks. Through various local service agreements, Nexstar provided sales, programming and other services to 30 full power television stations owned and/or operated by independent third parties.</p></div> | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><br /></p> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Interim Financial Statements </p> <p style="margin-bottom:0pt;margin-top:10pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Condensed Consolidated Financial Statements as of June 30, 2016 and for the three and six months ended June 30, 2016 and 2015 are unaudited. However, in the opinion of management, such financial statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of the financial information included herein in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Results of operations for interim periods are not necessarily indicative of results for the full year. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related Notes included in Nexstar’s Annual Report on Form 10-K for the year ended December 31, 2015. The balance sheet as of December 31, 2015 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements.</p></div> | ||
| us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="margin-bottom:0pt;margin-top:10pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Basis of Presentation </p> <p style="margin-bottom:0pt;margin-top:10pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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.</p></div> | ||
| CY2016Q2 | nxst |
Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
|
104 | |
| CY2016Q2 | nxst |
Number Of Television Markets
NumberOfTelevisionMarkets
|
62 | |
| CY2016Q2 | nxst |
Number Of Full Power Television Stations Owned Or Operated By Independent Third Parties
NumberOfFullPowerTelevisionStationsOwnedOrOperatedByIndependentThirdParties
|
30 | |
| CY2016Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
940000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
910000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1059000 | ||
| CY2016Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
260000 | |
| CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
872000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
590000 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
958000 | ||
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
721074000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
408550000 | |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
699513000 | |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
385152000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
22061000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
39164000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
28688000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
25805000 | |
| CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
22318000 | |
| CY2016Q2 | nxst |
Finite Lived Intangible Assets Amortization Expense Period Six
FiniteLivedIntangibleAssetsAmortizationExpensePeriodSix
|
22281000 | |
| CY2016Q2 | nxst |
Finite Lived Intangible Assets Amortization Expense Period Thereafter
FiniteLivedIntangibleAssetsAmortizationExpensePeriodThereafter
|
152207000 | |
| CY2015Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
497653000 | |
| CY2016Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
505951000 | |
| CY2015Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
45991000 | |
| CY2016Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
45991000 | |
| CY2015Q4 | nxst |
Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
|
538756000 | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
8298000 | ||
| us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
11959000 | ||
| CY2015Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
15810000 | |
| CY2016Q2 | nxst |
Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
|
31740000 | |
| CY2015Q4 | nxst |
Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
|
22324000 | |
| CY2016Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
19229000 | |
| CY2015Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
22425000 | |
| CY2016Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1487839000 | |
| CY2015Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1476214000 | |
| CY2016Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
27920000 | |
| CY2016Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
99968000 | |
| CY2016Q2 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
142659000 | |
| CY2015Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
23621000 | |
| CY2015Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
97986000 | |
| CY2015Q4 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
148625000 | |
| CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
261994000 | |
| CY2015Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
219349000 | |
| us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
421084000 | ||
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2158000 |
