$NXST
NEXSTAR MEDIA GROUP, INC.

2017 Q2 Form 10-Q Financial Statement

#000156459017016613 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $626.1M $262.0M
YoY Change 138.98% 19.44%
Cost Of Revenue $252.6M $90.00M
YoY Change 180.67% 23.29%
Gross Profit $373.5M $172.0M
YoY Change 117.15% 17.57%
Gross Profit Margin 59.65% 65.65%
Selling, General & Admin $147.4M $65.80M
YoY Change 124.07% 16.34%
% of Gross Profit 39.48% 38.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.29M $30.30M
YoY Change -13.23% 168.09%
% of Gross Profit 7.04% 17.62%
Operating Expenses $490.6M $108.0M
YoY Change 354.25% -36.01%
Operating Profit $135.5M $64.01M
YoY Change 111.74% 21.82%
Interest Expense -$55.70M -$20.60M
YoY Change 170.39% 0.98%
% of Operating Profit -41.1% -32.18%
Other Income/Expense, Net -$900.0K -$147.0K
YoY Change 512.24% -26.5%
Pretax Income $80.78M $43.28M
YoY Change 86.63% 35.26%
Income Tax $32.32M $18.50M
% Of Pretax Income 40.01% 42.74%
Net Earnings $43.99M $24.53M
YoY Change 79.35% 20.71%
Net Earnings / Revenue 7.03% 9.36%
Basic Earnings Per Share $0.94 $0.80
Diluted Earnings Per Share $0.91 $0.78
COMMON SHARES
Basic Shares Outstanding 46.93M 30.68M
Diluted Shares Outstanding 48.20M 31.62M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.00M $27.00M
YoY Change 218.52% 0.0%
Cash & Equivalents $85.90M $27.18M
Short-Term Investments
Other Short-Term Assets $30.49M $27.92M
YoY Change 9.2% -88.37%
Inventory
Prepaid Expenses
Receivables $503.0M $207.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.079B $262.0M
YoY Change 311.83% -1.87%
LONG-TERM ASSETS
Property, Plant & Equipment $739.0M $284.0M
YoY Change 160.21% 2.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $69.00M $79.00M
YoY Change -12.66% 38.6%
Total Long-Term Assets $6.391B $1.636B
YoY Change 290.65% 2.31%
TOTAL ASSETS
Total Short-Term Assets $1.079B $262.0M
Total Long-Term Assets $6.391B $1.636B
Total Assets $7.470B $1.898B
YoY Change 293.57% 1.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.00M $30.00M
YoY Change -6.67% 36.36%
Accrued Expenses $235.0M $76.00M
YoY Change 209.21% 52.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $74.00M $40.00M
YoY Change 85.0% 17.65%
Total Short-Term Liabilities $794.0M $156.0M
YoY Change 408.97% 26.47%
LONG-TERM LIABILITIES
Long-Term Debt $4.378B $1.462B
YoY Change 199.45% -1.34%
Other Long-Term Liabilities $207.0M $40.00M
YoY Change 417.5% -13.03%
Total Long-Term Liabilities $4.585B $1.502B
YoY Change 205.26% -1.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $794.0M $156.0M
Total Long-Term Liabilities $4.585B $1.502B
Total Liabilities $6.279B $1.767B
YoY Change 255.35% -0.14%
SHAREHOLDERS EQUITY
Retained Earnings -$221.9M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $44.81M
YoY Change
Treasury Stock Shares $938.9K
Shareholders Equity $1.190B $131.7M
YoY Change
Total Liabilities & Shareholders Equity $7.470B $1.898B
YoY Change 293.48% 1.74%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $43.99M $24.53M
YoY Change 79.35% 20.71%
Depreciation, Depletion And Amortization $26.29M $30.30M
YoY Change -13.23% 168.09%
Cash From Operating Activities $158.6M $57.70M
YoY Change 174.87% 86.13%
INVESTING ACTIVITIES
Capital Expenditures -$13.80M -$7.300M
YoY Change 89.04% 8.96%
Acquisitions
YoY Change
Other Investing Activities $14.50M $100.0K
YoY Change 14400.0% -91.67%
Cash From Investing Activities $700.0K -$7.100M
YoY Change -109.86% 31.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -146.3M -36.30M
YoY Change 303.03% -15.97%
NET CHANGE
Cash From Operating Activities 158.6M 57.70M
Cash From Investing Activities 700.0K -7.100M
Cash From Financing Activities -146.3M -36.30M
Net Change In Cash 13.00M 14.30M
YoY Change -9.09% -181.25%
FREE CASH FLOW
Cash From Operating Activities $158.6M $57.70M
Capital Expenditures -$13.80M -$7.300M
Free Cash Flow $172.4M $65.00M
YoY Change 165.23% 72.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
171635000
CY2017Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
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us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
57716000
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
283000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33349000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Profit Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Stock Issued During Period Value Acquisitions
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nxst Adjustments To Additional Paid In Capital Stock Option Replacement Awards In Connection With Merger
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us-gaap Stock Issued During Period Value Share Based Compensation Gross
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us-gaap Minority Interest Decrease From Redemptions
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us-gaap Noncontrolling Interest Decrease From Deconsolidation
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Deferred Income Taxes
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185535000
nxst Payments For Broadcast Rights
PaymentsForBroadcastRights
29479000
us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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nxst Amortization Of Deferred Representation Fee Incentive
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594000
nxst Amortization Of Deferred Representation Fee Incentive
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583000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Interest Payable Net
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CY2016Q2 nxst Accrued Debt Financing Costs
AccruedDebtFinancingCosts
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nxst Business Combination Contingent Consideration
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275352000
us-gaap Increase Decrease In Other Noncurrent Liabilities
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-189000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Property Plant And Equipment
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15035000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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nxst Withdrawal Of Interest Previously Deposited In Escrow
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5063000
us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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nxst Payments Of Dividends Noncontrolling Interest
PaymentsOfDividendsNoncontrollingInterest
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nxst Business Combination Contingent Consideration Payments
BusinessCombinationContingentConsiderationPayments
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Repayments Of Debt And Capital Lease Obligations
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us-gaap Repayments Of Debt And Capital Lease Obligations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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43416000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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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.&nbsp;&nbsp;Organization and Business Operations </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%;">As of June 30, 2017, Nexstar Media Group, Inc. and its wholly-owned subsidiaries (&#8220;Nexstar&#8221;) owned, operated, programmed or provided sales and other services to 170 full power television stations, including those owned by variable interest entities (&#8220;VIEs&#8221;), in 100 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland,<font style="font-size:12pt;"> </font>Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, 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 36 full power television stations owned and/or operated by independent third parties.</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;">On January 17, 2017, Nexstar completed its merger (the &#8220;Merger&#8221;) with Media General, Inc., a Virginia corporation (&#8220;Media General&#8221;), whereby Nexstar acquired the latter&#8217;s outstanding equity in exchange for cash and stock, plus additional consideration in the form of a non-tradeable contingent value right (&#8220;CVR&#8221;). As a result of the Merger, Nexstar acquired 71 full power stations (net of seven stations divested) in 42 markets. See Note 3 for additional information.</p></div>
us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;">&nbsp;</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, 2017 and for the three and six months ended June 30, 2017 and 2016 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 (&#8220;U.S. GAAP&#8221;) and pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). 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&#8217;s Annual Report on Form 10-K for the year ended December 31, 2016. The balance sheet as of December 31, 2016 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&#8217; equity as previously reported.</p></div>
CY2017Q2 nxst Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
170
CY2017Q2 nxst Number Of Television Markets
NumberOfTelevisionMarkets
100
CY2017Q2 nxst Number Of Full Power Television Stations Owned Or Operated By Independent Third Parties
NumberOfFullPowerTelevisionStationsOwnedOrOperatedByIndependentThirdParties
36
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1264000
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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940000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
910000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
289000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
590000
CY2017Q1 nxst Number Of Full Power Television Stations Whose Assets Are Sold
NumberOfFullPowerTelevisionStationsWhoseAssetsAreSold
12
CY2017Q1 nxst Number Of Markets In Which Full Power Television Power Stations Are Sold
NumberOfMarketsInWhichFullPowerTelevisionPowerStationsAreSold
12
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BusinessAcquisitionsProFormaRevenue
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85162000
CY2016Q2 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
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us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
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us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.59
CY2017Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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CY2016Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.86
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.55
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
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CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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501381000
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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109295000
CY2017Q2 nxst Finite Lived Intangible Assets Amortization Expense Period Thereafter
FiniteLivedIntangibleAssetsAmortizationExpensePeriodThereafter
942341000
CY2016Q4 us-gaap Goodwill Gross
GoodwillGross
534557000
CY2017Q2 us-gaap Goodwill Gross
GoodwillGross
2204260000
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
61253000
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
58392000
CY2016Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
591945000
CY2017Q2 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
1878751000
CY2016Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
49421000
CY2017Q2 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
nxst Goodwill During Period Acquisitions And Consolidation Of Vies Gross
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
1693224000
nxst Goodwill During Period Acquisitions And Consolidation Of Vies Net
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
1693224000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
1308089000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
1308089000
nxst Goodwill During Period Divestitures Gross
GoodwillDuringPeriodDivestituresGross
22823000
nxst Goodwill Divestitures Accumulated Impairment Loss
GoodwillDivestituresAccumulatedImpairmentLoss
2861000
nxst Goodwill During Period A Divestitures Net
GoodwillDuringPeriodADivestituresNet
19962000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Divestitures Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDivestituresGross
19744000
nxst Indefinite Lived Intangible Assets Divestitures Accumulated Impairment Losses
IndefiniteLivedIntangibleAssetsDivestituresAccumulatedImpairmentLosses
2011000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Divestitures Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDivestituresNet
17733000
nxst Goodwill During Period Deconsolidation Of Vies Gross
GoodwillDuringPeriodDeconsolidationOfViesGross
698000
nxst Goodwill During Period Deconsolidation Of Vies Net
GoodwillDuringPeriodDeconsolidationOfViesNet
698000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Deconsolidation Of Vies Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDeconsolidationOfViesGross
1539000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Deconsolidation Of Vies Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDeconsolidationOfViesNet
1539000
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
39452000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20713000
CY2017Q2 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
89484000
CY2016Q4 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
30153000
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
71383000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20449000
CY2017Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
502000000
CY2017Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
394000000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2017Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.400
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.427
CY2017Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1600000
CY2017Q2 nxst Effective Income Tax Rate Reconciliation Release Of Uncertain Tax Position
EffectiveIncomeTaxRateReconciliationReleaseOfUncertainTaxPosition
0.020
CY2017Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1200000
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.014
CY2017Q2 nxst Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
2500000
CY2017Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.025
CY2017Q2 nxst Effective Income Tax Reconciliation Change In Fair Value Of Contingent Consideration
EffectiveIncomeTaxReconciliationChangeInFairValueOfContingentConsideration
0.014
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.331
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.415
us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
7700000
us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.096
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1600000
nxst Effective Income Tax Rate Reconciliation Release Of Uncertain Tax Position
EffectiveIncomeTaxRateReconciliationReleaseOfUncertainTaxPosition
0.020
CY2017Q2 nxst Maximum Percentage Of Us Television Household Reach
MaximumPercentageOfUSTelevisionHouseholdReach
0.39
CY2017Q2 nxst Percentage Reach Of Ultra High Frequency Station
PercentageReachOfUltraHighFrequencyStation
0.50
nxst Date The Ultra High Frequency Discount Was Abolished
DateTheUltraHighFrequencyDiscountWasAbolished
2016-08-24
CY2017Q2 nxst Number Of Stations That Accepted Bids To Relinquish Spectrum
NumberOfStationsThatAcceptedBidsToRelinquishSpectrum
11
CY2017Q2 nxst Number Of Stations Channels Share With Another Station
NumberOfStationsChannelsShareWithAnotherStation
8
CY2017Q2 nxst Number Of Stations To Move To Very High Frequency Channels
NumberOfStationsToMoveToVeryHighFrequencyChannels
2
CY2017Q2 nxst Number Of Stations Discontinue Operation
NumberOfStationsDiscontinueOperation
1
nxst Maximum Amount Of Reimbursement For Repack Cost
MaximumAmountOfReimbursementForRepackCost
1750000000
CY2017Q2 us-gaap Other Assets Current
OtherAssetsCurrent
30490000
CY2017Q2 us-gaap Other Liabilities
OtherLiabilities
708656000
CY2017Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
207309000
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
57479000
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
141731000
CY2016Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
45819000
CY2017Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
626115000
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-900000
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
261994000
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-147000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1166432000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1007000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
517652000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-283000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-19638000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-10550000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-335000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2158000

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