2018 Form 10-K Financial Statement

#000156459019004527 Filed on February 27, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $2.767B $653.7M $611.9M
YoY Change 13.76% 110.94% 121.97%
Cost Of Revenue $1.118B $264.4M $257.7M
YoY Change 12.53% 178.02% 162.42%
Gross Profit $1.649B $389.3M $354.2M
YoY Change 14.61% 81.24% 99.55%
Gross Profit Margin 59.59% 59.56% 57.89%
Selling, General & Admin $579.9M $140.3M $140.5M
YoY Change -4.16% 112.25% 120.86%
% of Gross Profit 35.17% 36.04% 39.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.8M $80.80M $25.98M
YoY Change 9.07% 168.44% -12.23%
% of Gross Profit 6.66% 20.76% 7.33%
Operating Expenses $2.009B $232.6M $486.0M
YoY Change 4.29% 117.38% 364.58%
Operating Profit $757.8M $136.7M $125.9M
YoY Change 49.87% 47.78% 72.73%
Interest Expense -$221.0M -$52.70M -$53.60M
YoY Change -8.37% 16.59% 81.08%
% of Operating Profit -29.16% -38.56% -42.57%
Other Income/Expense, Net -$39.00K $4.100M -$161.0K
YoY Change 143.75% -4200.0% 61.0%
Pretax Income $532.9M $87.52M $74.09M
YoY Change 120.79% 85.81% 71.7%
Income Tax $144.7M $29.90M $32.01M
% Of Pretax Income 27.15% 34.16% 43.21%
Net Earnings $389.5M $378.5M $46.48M
YoY Change -18.0% 1747.87% 87.41%
Net Earnings / Revenue 14.08% 57.9% 7.6%
Basic Earnings Per Share $8.52 $8.27 $1.01
Diluted Earnings Per Share $8.21 $8.03 $0.98
COMMON SHARES
Basic Shares Outstanding 45.72M 45.75M 46.11M
Diluted Shares Outstanding 47.41M 47.15M 47.45M

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.0M $116.0M $136.0M
YoY Change 25.0% 31.82% 368.97%
Cash & Equivalents $145.0M $115.7M $135.8M
Short-Term Investments
Other Short-Term Assets $75.00M $71.86M $34.39M
YoY Change -80.16% 25.02% -20.69%
Inventory
Prepaid Expenses
Receivables $547.0M $562.9M $519.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $767.0M $1.056B $1.029B
YoY Change -27.37% 190.8% 258.51%
LONG-TERM ASSETS
Property, Plant & Equipment $732.0M $734.1M $738.0M
YoY Change -0.27% 165.84% 160.23%
Goodwill $2.143B
YoY Change 352.74%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $125.0M $199.2M $202.0M
YoY Change -37.19% 134.14% -79.45%
Total Long-Term Assets $6.295B $6.425B $6.476B
YoY Change -2.04% 146.86% 145.86%
TOTAL ASSETS
Total Short-Term Assets $767.0M $1.056B $1.029B
Total Long-Term Assets $6.295B $6.425B $6.476B
Total Assets $7.062B $7.482B $7.505B
YoY Change -5.61% 152.24% 156.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.00M $31.14M $61.00M
YoY Change 119.35% 57.62% 140.27%
Accrued Expenses $176.0M $175.9M $218.0M
YoY Change -11.56% 146.71% 209.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $96.00M $92.81M $122.0M
YoY Change -11.93% 230.36% 171.11%
Total Short-Term Liabilities $404.0M $670.7M $765.0M
YoY Change -39.79% 253.0% 322.65%
LONG-TERM LIABILITIES
Long-Term Debt $3.885B $4.270B $4.287B
YoY Change -9.02% 84.51% 84.78%
Other Long-Term Liabilities $270.0M $340.5M $353.0M
YoY Change -20.82% 640.31% 760.98%
Total Long-Term Liabilities $4.155B $4.610B $4.640B
YoY Change -9.89% 95.35% 96.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $404.0M $670.7M $765.0M
Total Long-Term Liabilities $4.155B $4.610B $4.640B
Total Liabilities $5.209B $5.900B $6.316B
YoY Change -11.88% 110.95% 128.18%
SHAREHOLDERS EQUITY
Retained Earnings $299.5M
YoY Change -269.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.06M
YoY Change 88.04%
Treasury Stock Shares $1.325M
Shareholders Equity $1.853B $1.571B $1.189B
YoY Change
Total Liabilities & Shareholders Equity $7.062B $7.482B $7.505B
YoY Change -5.61% 152.24% 156.93%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $389.5M $378.5M $46.48M
YoY Change -18.0% 1747.87% 87.41%
Depreciation, Depletion And Amortization $109.8M $80.80M $25.98M
YoY Change 9.07% 168.44% -12.23%
Cash From Operating Activities $736.9M $45.90M -$47.60M
YoY Change 575.46% -46.06% -171.04%
INVESTING ACTIVITIES
Capital Expenditures $106.2M -$27.70M -$21.10M
YoY Change 46.63% 346.77% 99.06%
Acquisitions $104.0M
YoY Change -96.51%
Other Investing Activities -$983.0K $3.600M $481.0M
YoY Change -95.29% -173.47% 160233.33%
Cash From Investing Activities -$175.5M -$24.10M $459.9M
YoY Change -91.51% 115.18% -4565.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.52M
YoY Change -48.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -531.9M -42.00M -362.3M
YoY Change -150.3% 170.97% 563.55%
NET CHANGE
Cash From Operating Activities 736.9M 45.90M -47.60M
Cash From Investing Activities -175.5M -24.10M 459.9M
Cash From Financing Activities -531.9M -42.00M -362.3M
Net Change In Cash 29.46M -20.20M 50.00M
YoY Change -103.27% -134.59% 2280.95%
FREE CASH FLOW
Cash From Operating Activities $736.9M $45.90M -$47.60M
Capital Expenditures $106.2M -$27.70M -$21.10M
Free Cash Flow $630.6M $73.60M -$26.50M
YoY Change 1621.6% -19.39% -134.15%

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CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
41635000
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-42638000
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-75000
CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-7516000
CY2017 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-17421000
CY2016 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
33251000
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-17122000
CY2017 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-22211000
CY2016 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-896000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
736867000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
109091000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
284253000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106246000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72461000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31870000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
103976000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2975254000
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
103970000
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
481946000
CY2018 nxst Proceeds From Spectrum Repack Reimbursements
ProceedsFromSpectrumRepackReimbursements
29381000
CY2017 nxst Proceeds Received To Relinquish Spectrum
ProceedsReceivedToRelinquishSpectrum
478608000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4344000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
20026000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
718000
CY2018 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
983000
CY2017 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
850000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-175514000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2066285000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135122000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
251387000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3533981000
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
958000000
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
653011000
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
1922329000
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
18050000
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
52039000
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
20707000
CY2018 nxst Proceeds From Payments Of Dividends To Minority Shareholders
ProceedsFromPaymentsOfDividendsToMinorityShareholders
226000
CY2017 nxst Proceeds From Payments Of Dividends To Minority Shareholders
ProceedsFromPaymentsOfDividendsToMinorityShareholders
247000
CY2016 nxst Proceeds From Payments Of Dividends To Minority Shareholders
ProceedsFromPaymentsOfDividendsToMinorityShareholders
-643000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50524000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
99008000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5970000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8155000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1225000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
68629000
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
55892000
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29445000
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2468000
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
66901000
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
100000
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
259603000
CY2016 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2000000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4938000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4099000
CY2016 us-gaap Repayments Of Debt
RepaymentsOfDebt
80140000
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1056000
CY2018 nxst Payments For Capital Lease And Capitalized Software Obligations
PaymentsForCapitalLeaseAndCapitalizedSoftwareObligations
8847000
CY2017 nxst Payments For Capital Lease And Capitalized Software Obligations
PaymentsForCapitalLeaseAndCapitalizedSoftwareObligations
7095000
CY2016 nxst Payments For Capital Lease And Capitalized Software Obligations
PaymentsForCapitalLeaseAndCapitalizedSoftwareObligations
3258000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-531890000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1057367000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
822932000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
29463000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-899827000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115652000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1015479000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
239558000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
78261000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
90717000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
272689000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
29391000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
19364000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4107000
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2339000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
565000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
20723000
CY2016 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
706000
CY2018 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
6500000
CY2016 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
108694000
CY2016Q4 nxst Accrued Debt Financing Costs
AccruedDebtFinancingCosts
1019000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
434269000
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1031443000
CY2017 nxst Adjustments To Additional Paid In Capital Stock Option Replacement Awards In Connection With Merger
AdjustmentsToAdditionalPaidInCapitalStockOptionReplacementAwardsInConnectionWithMerger
10702000
CY2018 nxst Relinquishment Of Spectrum Asset And Derecognition Of Liability To Surrender Spectrum Asset
RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset
314086000
CY2017 nxst Relinquishment Of Spectrum Asset And Derecognition Of Liability To Surrender Spectrum Asset
RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset
34558000
CY2017 nxst Business Combination Contingent Consideration
BusinessCombinationContingentConsideration
12361000
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;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-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of December 31, 2018, Nexstar Media Group, Inc. and its wholly-owned subsidiaries (“Nexstar”) owned, operated, programmed or provided sales and other services to 174 full power television stations, including those owned by variable interest entities (“VIEs”), in 100 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, 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, MNTV, and other broadcast television networks. As of December 31, 2018, the stations reached approximately 42.7 million, or 38.8%, of all U.S. television households. Through various local service agreements, Nexstar provided sales, programming, and other services to 39 full power television stations owned by independent third parties.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;"> </p>
CY2018Q4 nxst Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
174
CY2018Q4 nxst Number Of Television Markets
NumberOfTelevisionMarkets
100
CY2018Q4 nxst Number Of Viewers
NumberOfViewers
42700000
CY2018Q4 nxst Number Of Viewers Percentage
NumberOfViewersPercentage
0.388
CY2018Q4 nxst Number Of Full Power Television Stations Owned Or Operated By Independent Third Parties
NumberOfFullPowerTelevisionStationsOwnedOrOperatedByIndependentThirdParties
39
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:10pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Basis of Presentation </p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year financial statement amounts have been reclassified to conform to the current year presentation.</p>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:10pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 those relating to the allowance for doubtful accounts, valuation related to business combinations, including assets acquired, liabilities assumed, contingent consideration liability and any other assets or liabilities recognized from these transactions, retransmission revenue recognized, trade transactions, pension and postretirement obligations, income taxes, the recoverability of goodwill, FCC licenses and other long-lived assets, the recoverability of broadcast rights and the useful lives of property and equipment and intangible assets. Actual results may vary from such estimates recorded. </p>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:10pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments which potentially expose the Company to a concentration of credit risk consist principally of cash and cash equivalents, restricted cash, and accounts receivable. Cash deposits are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits; however, the Company believes these deposits are maintained with financial institutions of reputable credit and are not subject to any unusual credit risk. A significant portion of the Company’s accounts receivable is due from local and national advertising agencies. The Company does not require collateral from its customers but maintains reserves for potential credit losses. Management believes that the allowance for doubtful accounts is adequate, but if the financial condition of the Company’s customers were to deteriorate, additional allowances may be required. The Company has not experienced significant losses related to receivables from individual customers or by geographical area. </p>
CY2018Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5400000
CY2018 nxst Trade Expense
TradeExpense
16500000
CY2017 nxst Trade Expense
TradeExpense
14500000
CY2016 nxst Trade Expense
TradeExpense
10800000
CY2018Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5400000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2300000
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2300000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
8200000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
9200000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
4000000.0
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1057367000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-899827000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45718000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45754000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30687000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1694000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1395000
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
977000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47412000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47149000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31664000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
153000
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
351000
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2017 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
4044000
CY2017 us-gaap Other Noncash Income
OtherNoncashIncome
3491000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
56669000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1169000
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-516000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
109091000
CY2017 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
850000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2066285000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3533981000
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
259603000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1015479000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
239558000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6972000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
284253000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135122000
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
958000000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
822932000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
972063000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1015479000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
78261000
CY2017Q1 nxst Number Of Full Power Television Stations Whose Assets Are Sold
NumberOfFullPowerTelevisionStationsWhoseAssetsAreSold
12
CY2017Q1 nxst Number Of Markets In Which Full Power Television Stations Are Sold
NumberOfMarketsInWhichFullPowerTelevisionStationsAreSold
12
CY2017Q3 nxst Number Of Stations That Accepted Bids To Relinquish Spectrum
NumberOfStationsThatAcceptedBidsToRelinquishSpectrum
11
CY2017Q4 nxst Number Of Stations Went Off The Air
NumberOfStationsWentOffTheAir
1
CY2018Q4 nxst Number Of Ceased Broadcasting Channels
NumberOfCeasedBroadcastingChannels
8
CY2018Q4 nxst Number Of Stations To Move To Very High Frequency Channels
NumberOfStationsToMoveToVeryHighFrequencyChannels
2
CY2017 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2484214000
CY2016 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2457492000
CY2017 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
BusinessAcquisitionsProFormaIncomeOrLossBeforeTaxes
288279000
CY2016 nxst Business Acquisitions Pro Forma Income Or Loss Before Taxes
BusinessAcquisitionsProFormaIncomeOrLossBeforeTaxes
124966000
CY2017 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
503871000
CY2016 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
49318000
CY2017 nxst Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
503541000
CY2016 nxst Business Acquisitions Pro Forma Net Income Loss Attributable To Parent
BusinessAcquisitionsProFormaNetIncomeLossAttributableToParent
46547000
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
10.84
CY2016 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.99
CY2017 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
10.52
CY2016 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.97
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1170380000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1093520000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
438842000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
359382000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
731538000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
734138000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2223962000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
732039000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1491923000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2164259000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
582633000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1581626000
CY2017Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8500000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
140793000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
130335000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
119559000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
114147000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
112954000
CY2018Q4 nxst Finite Lived Intangible Assets Amortization Expense Period Thereafter
FiniteLivedIntangibleAssetsAmortizationExpensePeriodThereafter
874135000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1491923000
CY2016Q4 us-gaap Goodwill Gross
GoodwillGross
534557000
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
61253000
CY2016Q4 us-gaap Goodwill
Goodwill
473304000
CY2016Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
591945000
CY2016Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
49421000
CY2016Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
542524000
CY2017 nxst Goodwill During Period Acquisitions And Consolidation Of Vies Gross
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
1701719000
CY2017 nxst Goodwill During Period Acquisitions And Consolidation Of Vies Net
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
1701719000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
1244386000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
1244386000
CY2017 nxst Goodwill During Period Divestitures Gross
GoodwillDuringPeriodDivestituresGross
22823000
CY2017 nxst Goodwill Divestitures Accumulated Impairment Loss
GoodwillDivestituresAccumulatedImpairmentLoss
2861000
CY2017 nxst Goodwill During Period A Divestitures Net
GoodwillDuringPeriodADivestituresNet
19962000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Divestitures Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDivestituresGross
19744000
CY2017 nxst Indefinite Lived Intangible Assets Divestitures Accumulated Impairment Losses
IndefiniteLivedIntangibleAssetsDivestituresAccumulatedImpairmentLosses
2011000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Divestitures Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDivestituresNet
17733000
CY2017 nxst Goodwill During Period Deconsolidation Of Vies Gross
GoodwillDuringPeriodDeconsolidationOfViesGross
698000
CY2017 nxst Goodwill During Period Deconsolidation Of Vies Net
GoodwillDuringPeriodDeconsolidationOfViesNet
698000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Deconsolidation Of Vies Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDeconsolidationOfViesGross
1539000
CY2017 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Deconsolidation Of Vies Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodDeconsolidationOfViesNet
1539000
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11517000
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
2212755000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
69909000
CY2017Q4 us-gaap Goodwill
Goodwill
2142846000
CY2017Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
1815048000
CY2017Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2017Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
1767638000
CY2018 nxst Goodwill During Period Acquisitions And Consolidation Of Vies Gross
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
45019000
CY2018 nxst Goodwill During Period Acquisitions And Consolidation Of Vies Net
GoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
45019000
CY2018 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesGross
10630000
CY2018 nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions And Consolidation Of Vies Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsAndConsolidationOfViesNet
10630000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19911000
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
2257774000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
89820000
CY2018Q4 us-gaap Goodwill
Goodwill
2167954000
CY2018Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
1825678000
CY2018Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2018Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
1778268000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2435681000
CY2018Q4 nxst Long Term Debt Maturities
LongTermDebtMaturities
4025797000
CY2018 nxst Other Postretirement Benefit Plans Changes In Funded Status Amortization Term
OtherPostretirementBenefitPlansChangesInFundedStatusAmortizationTerm
P5Y
us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
39000000.0
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
61961000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
762536000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
624616000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
44269000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
44775000
CY2018Q4 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
21916000
CY2017Q4 nxst Accrued Network Affiliation Fees Current
AccruedNetworkAffiliationFeesCurrent
68197000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
77665000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
62968000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
143850000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
175940000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
3981003000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
4362460000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
96093000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
92808000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3884910000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4269652000
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
6400000000
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
6400000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
96093000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
44910000
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
1200000
CY2018Q4 nxst Portion Of Defined Benefit Plan Benefit Obligation Funded By Plan Assets
PortionOfDefinedBenefitPlanBenefitObligationFundedByPlanAssets
371800000
CY2018Q4 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.89
CY2018Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
31300000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
24100000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
11400000
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
65100000
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y5M4D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
853813
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
102516000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
190743000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12054000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29761000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
38499000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10927000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
132277000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
229242000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22981000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7997000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-438281000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
53094000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4406000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-24904000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1497000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12403000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-463185000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
54591000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
144680000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-233943000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77572000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
111915000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
84476000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
59735000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
27123000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10676000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7697000
CY2018 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
2858000
CY2017 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
6375000
CY2016 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Compensation
IncomeTaxReconciliationNondeductibleExpenseNondeductibleCompensation
709000
CY2017 nxst Income Tax Reconciliation Nontaxable Proceeds On Station Divestiture
IncomeTaxReconciliationNontaxableProceedsOnStationDivestiture
-9146000
CY2016 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Earnout Payments
IncomeTaxReconciliationNondeductibleExpenseNondeductibleEarnoutPayments
1415000
CY2017 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Acquisition Costs
IncomeTaxReconciliationNondeductibleExpenseNondeductibleAcquisitionCosts
3901000
CY2016 nxst Income Tax Reconciliation Nondeductible Expense Nondeductible Acquisition Costs
IncomeTaxReconciliationNondeductibleExpenseNondeductibleAcquisitionCosts
12000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
2047000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
1546000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
504000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
1532000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
3577000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
5276000
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
11178000
CY2018 nxst Income Tax Rate Reconciliation Excess Tax Benefit On Stock Based Compensation
IncomeTaxRateReconciliationExcessTaxBenefitOnStockBasedCompensation
-750000
CY2017 nxst Income Tax Rate Reconciliation Excess Tax Benefit On Stock Based Compensation
IncomeTaxRateReconciliationExcessTaxBenefitOnStockBasedCompensation
-8106000
CY2017 nxst Income Tax Rate Reconciliation Disposition Of Nondeductible Goodwill
IncomeTaxRateReconciliationDispositionOfNondeductibleGoodwill
3279000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-322193000
CY2018 nxst Income Tax Rate Reconciliation Change In Beginning Of Year Valuation Allowance
IncomeTaxRateReconciliationChangeInBeginningOfYearValuationAllowance
1430000
CY2017 nxst Income Tax Rate Reconciliation Change In Beginning Of Year Valuation Allowance
IncomeTaxRateReconciliationChangeInBeginningOfYearValuationAllowance
1635000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1475000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1215000
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2224000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
144680000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-233943000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77572000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 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.
CY2018 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
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
46189000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
51802000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
14085000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
15574000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
1916000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
2173000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
30679000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
28033000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
13270000
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
12732000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
106139000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1625000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12542000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23258000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3677000
CY2018 nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
26800000
CY2017 nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
2600000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
806000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
194000
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
110314000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3071000
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2155000
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
103068000
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
108159000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
72703000
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
72423000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
291673000
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
312460000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
37455000
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
31062000
CY2018Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
DeferredTaxLiabilitiesIndefiniteLivedIntangibleAssets
318562000
CY2017Q4 nxst Deferred Tax Liabilities Indefinite Lived Intangible Assets
DeferredTaxLiabilitiesIndefiniteLivedIntangibleAssets
305293000
CY2018Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
13070000
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4854000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
733463000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
726092000
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
630395000
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
617933000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3100000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1400000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12500000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23300000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3700000
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23258000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3677000
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3677000
CY2018 nxst Unrecognized Tax Benefits Increases Resulting From Merger Transaction
UnrecognizedTaxBenefitsIncreasesResultingFromMergerTransaction
432000
CY2017 nxst Unrecognized Tax Benefits Increases Resulting From Merger Transaction
UnrecognizedTaxBenefitsIncreasesResultingFromMergerTransaction
22605000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
45000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1847000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1497000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
12496000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2440000
CY2018Q4 nxst Maximum Percentage Of Us Television Household Reach
MaximumPercentageOfUSTelevisionHouseholdReach
0.39
CY2018Q4 nxst Percentage Of Discount On Ultra High Frequency On Audience Reach Per Market
PercentageOfDiscountOnUltraHighFrequencyOnAudienceReachPerMarket
0.50
CY2018 nxst Date The Ultra High Frequency Discount Was Abolished
DateTheUltraHighFrequencyDiscountWasAbolished
2016-08-24
CY2018 nxst Effective Date Of Reinstating The Ultra High Frequency Discount
EffectiveDateOfReinstatingTheUltraHighFrequencyDiscount
2017-06-15
CY2017Q2 nxst Number Of Stations That Accepted Bids To Relinquish Spectrum
NumberOfStationsThatAcceptedBidsToRelinquishSpectrum
11
CY2017Q4 nxst Number Of Stations Went Off The Air
NumberOfStationsWentOffTheAir
1
CY2018Q4 nxst Number Of Remaining Stations That Accepted Bids To Relinquish Their Spectrum
NumberOfRemainingStationsThatAcceptedBidsToRelinquishTheirSpectrum
10
CY2018Q4 nxst Number Of Ceased Broadcasting Channels
NumberOfCeasedBroadcastingChannels
8
CY2018Q4 nxst Spectrum Asset And Liability Surrender Value
SpectrumAssetAndLiabilitySurrenderValue
314100000
CY2018Q4 nxst Number Of Stations To Move To Very High Frequency Channels
NumberOfStationsToMoveToVeryHighFrequencyChannels
2
CY2018 nxst Maximum Amount Of Reimbursement For Repack Cost
MaximumAmountOfReimbursementForRepackCost
2750000000
CY2018 nxst Amount Of Reimbursement For Repack Cost Allocated To Television Broadcaster Relocation Fund
AmountOfReimbursementForRepackCostAllocatedToTelevisionBroadcasterRelocationFund
1000000000
CY2018Q4 nxst Capital Expenditures Related To Station Repack Reimbursed
CapitalExpendituresRelatedToStationRepackReimbursed
29400000
CY2017Q4 nxst Capital Expenditures Related To Station Repack Reimbursed
CapitalExpendituresRelatedToStationRepackReimbursed
0
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
7323000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
16904000
CY2018Q4 nxst Number Of Stations Covered Under Collective Bargaining Agreements
NumberOfStationsCoveredUnderCollectiveBargainingAgreements
14
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due Next Twelve Months
BroadcastRightsAcquiredFutureMinimumPaymentsDueNextTwelveMonths
46118000
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Two Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInTwoYears
35731000
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Three Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInThreeYears
20090000
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Four Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInFourYears
12740000
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due In Five Years
BroadcastRightsAcquiredFutureMinimumPaymentsDueInFiveYears
78000
CY2018Q4 nxst Broadcast Rights Acquired Future Minimum Payments Due
BroadcastRightsAcquiredFutureMinimumPaymentsDue
114757000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
22800000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
24600000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12700000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
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EarningsPerShareBasic
0.14
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.27
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44200000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46931000
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46107000
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45754000
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.03
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45419000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48195000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47452000
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47149000

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