$NXST
NEXSTAR MEDIA GROUP, INC.

2021 Q3 Form 10-Q Financial Statement

#000156459021053847 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $1.157B $1.118B
YoY Change 3.47% 68.51%
Cost Of Revenue $473.2M $417.1M
YoY Change 13.44% 30.67%
Gross Profit $683.9M $701.1M
YoY Change -2.46% 103.63%
Gross Profit Margin 59.11% 62.7%
Selling, General & Admin $265.1M $232.5M
YoY Change 14.02% 26.99%
% of Gross Profit 38.76% 33.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.35M $36.61M
YoY Change 12.96% 24.68%
% of Gross Profit 6.05% 5.22%
Operating Expenses $406.5M $357.5M
YoY Change 13.7% 95.27%
Operating Profit $277.4M $343.6M
YoY Change -19.27% 182.53%
Interest Expense -$51.76M -$61.40M
YoY Change -15.71% -31.78%
% of Operating Profit -18.66% -17.87%
Other Income/Expense, Net $17.24M -$1.093M
YoY Change -1677.58% -1026.27%
Pretax Income $235.0M $254.5M
YoY Change -7.65% 641.33%
Income Tax $65.90M $65.20M
% Of Pretax Income 28.04% 25.62%
Net Earnings $169.2M $190.7M
YoY Change -11.29% -3361.23%
Net Earnings / Revenue 14.62% 17.05%
Basic Earnings Per Share $4.07 $4.24
Diluted Earnings Per Share $3.900M $4.08
COMMON SHARES
Basic Shares Outstanding 41.68M 44.98M
Diluted Shares Outstanding 43.48M 46.74M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.8M $410.0M
YoY Change -52.72% 29.34%
Cash & Equivalents $210.4M $409.9M
Short-Term Investments
Other Short-Term Assets $194.7M $149.0M
YoY Change 30.68% 22.38%
Inventory
Prepaid Expenses
Receivables $923.0M $782.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.312B $1.341B
YoY Change -2.2% -6.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.882B $1.817B
YoY Change 3.58% 44.54%
Goodwill $3.052B $2.861B
YoY Change 6.66% -7.18%
Intangibles
YoY Change
Long-Term Investments $1.178B $1.309B
YoY Change -9.99% -12.37%
Other Assets $147.5M $145.0M
YoY Change 1.76% -64.53%
Total Long-Term Assets $11.97B $11.95B
YoY Change 0.18% -5.67%
TOTAL ASSETS
Total Short-Term Assets $1.312B $1.341B
Total Long-Term Assets $11.97B $11.95B
Total Assets $13.28B $13.29B
YoY Change -0.06% -5.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.6M $161.0M
YoY Change 15.92% 47.53%
Accrued Expenses $354.4M $279.8M
YoY Change 26.66% -43.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $40.72M $22.92M
YoY Change 77.63% -83.93%
Total Short-Term Liabilities $711.0M $672.0M
YoY Change 5.81% -38.59%
LONG-TERM LIABILITIES
Long-Term Debt $7.506B $7.860B
YoY Change -4.5% -6.36%
Other Long-Term Liabilities $737.4M $804.0M
YoY Change -8.28% -17.73%
Total Long-Term Liabilities $8.243B $7.860B
YoY Change 4.88% -16.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $711.0M $672.0M
Total Long-Term Liabilities $8.243B $7.860B
Total Liabilities $10.65B $11.06B
YoY Change -3.68% -9.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.964B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $715.6M
YoY Change
Treasury Stock Shares $6.073M
Shareholders Equity $2.619B $2.235B
YoY Change
Total Liabilities & Shareholders Equity $13.28B $13.29B
YoY Change -0.06% -5.76%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $169.2M $190.7M
YoY Change -11.29% -3361.23%
Depreciation, Depletion And Amortization $41.35M $36.61M
YoY Change 12.96% 24.68%
Cash From Operating Activities $286.1M $160.2M
YoY Change 78.59% 101.26%
INVESTING ACTIVITIES
Capital Expenditures -$168.5M -$123.5M
YoY Change 36.4% -97.91%
Acquisitions
YoY Change
Other Investing Activities $17.77M $62.10M
YoY Change -71.38% -95.48%
Cash From Investing Activities -$150.7M -$61.50M
YoY Change 145.01% -98.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -254.9M -353.4M
YoY Change -27.89% -107.49%
NET CHANGE
Cash From Operating Activities 286.1M 160.2M
Cash From Investing Activities -150.7M -61.50M
Cash From Financing Activities -254.9M -353.4M
Net Change In Cash -119.4M -254.7M
YoY Change -53.11% -200.24%
FREE CASH FLOW
Cash From Operating Activities $286.1M $160.2M
Capital Expenditures -$168.5M -$123.5M
Free Cash Flow $454.6M $283.7M
YoY Change 60.22% -95.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18907000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2536876000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13282994000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34922000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13404276000
us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
7000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-778000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
612075000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166927000
us-gaap Profit Loss
ProfitLoss
445148000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2046000
us-gaap Net Income Loss
NetIncomeLoss
447194000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.50
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45313000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47064000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2625260000
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
144349000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12302000
CY2021Q3 nxst Vesting Of Restricted Stock Units And Exercise Of Stock Options
VestingOfRestrictedStockUnitsAndExerciseOfStockOptions
306000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
42592000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35850000
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
51662000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
42442000
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
711018000
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29252000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
730888000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7505654000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7646574000
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1695466000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1674008000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
737432000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
815930000
CY2021Q3 us-gaap Liabilities
Liabilities
10649570000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
169157000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2633424000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2201777000
CY2020Q4 us-gaap Liabilities
Liabilities
10867400000
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2021Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2020Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2021Q3 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2020Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssets
CY2021Q3 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2020Q4 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent
CY2021Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2020Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000
CY2021Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1335370000
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1362510000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
34510000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
34510000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1964018000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1488031000
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
6073224
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4034635
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
715630000
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
367132000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
2618741000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2518392000
CY2021Q3 us-gaap Minority Interest
MinorityInterest
14683000
CY2020Q4 us-gaap Minority Interest
MinorityInterest
18484000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2633424000
nxst Gain Loss On Relinquishment Of Spectrum
GainLossOnRelinquishmentOfSpectrum
10791000
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
879633000
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-77265000
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-856000
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-37371000
CY2021Q3 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-17657000
CY2021Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-2162000
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
5695000
CY2021Q3 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
7000000
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
125013000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12483000
CY2020Q3 nxst Vesting Of Restricted Stock Units And Exercise Of Stock Options
VestingOfRestrictedStockUnitsAndExerciseOfStockOptions
1518000
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.56
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
25362000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
189313000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2254716000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2536876000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
403224000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34323000
nxst Vesting Of Restricted Stock Units And Exercise Of Stock Options
VestingOfRestrictedStockUnitsAndExerciseOfStockOptions
-7191000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
89497000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
451000
us-gaap Stockholders Equity Change In Reporting Entity
StockholdersEquityChangeInReportingEntity
-6422000
us-gaap Profit Loss
ProfitLoss
568108000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2633424000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2053493000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
197600000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
35917000
nxst Vesting Of Restricted Stock Units And Exercise Of Stock Options
VestingOfRestrictedStockUnitsAndExerciseOfStockOptions
-4610000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
76380000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
138000
nxst Adjustments To Additional Paid In Capital Disposal Of Entity
AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity
-1390000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2254716000
us-gaap Profit Loss
ProfitLoss
568108000
us-gaap Profit Loss
ProfitLoss
445148000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
223229000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
209360000
nxst Amortization Of Broadcast Rights
AmortizationOfBroadcastRights
92418000
nxst Amortization Of Broadcast Rights
AmortizationOfBroadcastRights
104916000
us-gaap Depreciation
Depreciation
120726000
us-gaap Depreciation
Depreciation
107787000
us-gaap Share Based Compensation
ShareBasedCompensation
35917000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24735000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13316000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-44848000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-5989000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
8795000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
770000
nxst Gain Loss On Relinquishment Of Spectrum
GainLossOnRelinquishmentOfSpectrum
10791000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7025000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3933000
nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
51347000
nxst Payments For Broadcast Rights
PaymentsForBroadcastRights
147214000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6784000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3693000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
41351000
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
5695000
us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
7000000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
222389000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
213000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15227000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4776000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-540000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-32547000
nxst Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
-6364000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-49823000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-66027000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
881654000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
104977000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
138783000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2514000
us-gaap Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
10000000
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
49014000
nxst Other Investing Activities Net
OtherInvestingActivitiesNet
603000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
260362000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
321000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1225000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
454072000
us-gaap Repayments Of Debt
RepaymentsOfDebt
1857838000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
25317000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10741000
nxst Payments For Finance Lease And Capitalized Software Obligations
PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations
13247000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10884000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2791313000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4138117000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2174000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
451000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
138000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-646732000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-960012000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
41130000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
177838000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
248678000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210439000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
426516000
us-gaap Interest Paid Net
InterestPaidNet
220311000
us-gaap Interest Paid Net
InterestPaidNet
290250000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
247399000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
201979000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8865000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14186000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
20342000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
41650000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22886000
us-gaap Nature Of Operations
NatureOfOperations
<p id="NOTE_1_ORGANIZATION_BUSINESS_OPERATIONS" 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;">Note 1:  Organization and Business Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;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 used in this Quarterly Report on Form 10-Q, “Nexstar” refers to Nexstar Media Group, Inc., a Delaware corporation, and its consolidated wholly owned subsidiary, Nexstar Media Inc. (formerly known as Nexstar Inc. and Nexstar Broadcasting, Inc.), a Delaware corporation; the “Company” refers to Nexstar and the variable interest entities (“VIEs”) required to be consolidated in our financial statements due to our deemed controlling financial interests in those entities under authoritative guidance related to the consolidation of VIEs; and all references to “we,” “our,” “ours,” and “us” refer to Nexstar.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;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 April 16, 2021, Nexstar Inc. filed a Certificate of Amendment with the Secretary of State of Delaware to change its name to Nexstar Media Inc.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Nexstar is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations, interactive community websites and digital media services.<span style="font-size:12pt;"> </span>As of September 30, 2021, we owned, operated, programmed or provided sales and other services to 199 full power television stations, including those owned by VIEs, and one AM radio station in 116 markets in 39 states and the District of Columbia. The stations are affiliates of ABC, NBC, FOX, CBS, The CW, MNTV, and other broadcast television networks. As of September 30, 2021, the stations reached approximately 39% of all U.S. television households (after applying the Federal Communications Commission’s (“FCC”) ultra-high frequency (“UHF”) discount). Through various local service agreements, we provide sales, programming, and other services to 36 television stations owned by consolidated VIEs and one television station owned by an unconsolidated VIE. Nexstar also owns NewsNation (formerly WGN America), a live daily national newscast and general entertainment cable network, two owned and operated digital multicast networks and other multicast network services, various digital products, services and content, a 31.3% ownership stake in Television Food Network, G.P. (“TV Food Network”), and a portfolio of real estate assets.</p>
CY2021Q3 nxst Number Of Full Power Television Stations Owned Operated Programmed Or Provided Sales And Other Services
NumberOfFullPowerTelevisionStationsOwnedOperatedProgrammedOrProvidedSalesAndOtherServices
199
CY2021Q3 nxst Number Of Television Markets
NumberOfTelevisionMarkets
116
CY2021Q3 nxst Number Of States
NumberOfStates
39
CY2021Q3 nxst Number Of Television Stations Owned By Consolidated Vi Es
NumberOfTelevisionStationsOwnedByConsolidatedVIEs
36
CY2021Q3 nxst Number Of Television Station Owned By An Unconsolidated Vie
NumberOfTelevisionStationOwnedByAnUnconsolidatedVIE
1
CY2021Q3 nxst Number Of Multicast Network Services Owned And Operated
NumberOfMulticastNetworkServicesOwnedAndOperated
2
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1375407000
us-gaap Use Of Estimates
UseOfEstimates
<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:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Condensed Consolidated Financial Statements as of September 30, 2021 and for the three and nine months ended September 30, 2021 and 2020 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 United States 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 related disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Results of operations for interim periods are not necessarily indicative of results for the full year. Estimates are used for, <span style="color:#000000;">but are not limited to, allowance for doubtful accounts, valuation of assets acquired and liabilities assumed in business combinations, distribution revenue recognized, income taxes, the recoverability of goodwill, FCC licenses and long-lived assets, the recoverability of investments, the recoverability of broadcast rights and the useful lives of property and equipment and intangible assets. </span>As of September 30, 2021, the Company is not aware of any specific event or circumstance that would require an update to its estimates or judgments or revision of the carrying value of its assets or liabilities. However, these estimates and judgments may change as new events occur and additional information is obtained, which may result in changes being recognized in the Company’s consolidated financial statements in future periods. While the Company considered the effects of COVID-19 in its estimates and assumptions, due to the current level of uncertainty over the economic and operational impacts of COVID-19 on its business, there may be other judgments and assumptions that were not currently considered. Such judgments and assumptions could result in a meaningful impact on the Company’s consolidated financial statements in future periods. Actual results could differ from those estimates and any such differences may have a material impact on the Company’s condensed consolidated financial statements.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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, 2020. The balance sheet as of December 31, 2020 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>
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42520000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45313000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1902000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1751000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44422000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47064000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
85000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
157000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.27%;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;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;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. These reclassifications had no effect on net income or stockholders’ equity as previously reported.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p>
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
7000000.0
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4166720000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1198916000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2939201000
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
1333778000
CY2021Q3 us-gaap Other Long Term Investments
OtherLongTermInvestments
10758000
CY2020Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
12063000
CY2021Q3 us-gaap Long Term Investments
LongTermInvestments
1188759000
CY2021Q3 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
2909951000
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
42500000
CY2021Q3 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
2957361000
CY2021Q3 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
76519000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
296198000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
292563000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
291229000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
286971000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
262438000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1285395000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2791313000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
3116302000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
132294000
CY2020Q4 us-gaap Goodwill
Goodwill
2984008000
CY2020Q4 nxst Indefinite Lived License Agreements Gross
IndefiniteLivedLicenseAgreementsGross
2957114000
CY2020Q4 nxst Indefinite Lived Intangible Assets Accumulated Impairment Loss
IndefiniteLivedIntangibleAssetsAccumulatedImpairmentLoss
47410000
CY2020Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
2909704000
nxst Goodwill During Period Acquisitions Gross
GoodwillDuringPeriodAcquisitionsGross
-69291000
nxst Goodwill During Period Acquisitions Net
GoodwillDuringPeriodAcquisitionsNet
-69291000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsGross
1000000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Acquisitions Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodAcquisitionsNet
1000000
nxst Goodwill During Period Divestitures Gross
GoodwillDuringPeriodDivestituresGross
42475000
nxst Goodwill Divestitures And Disposal Accumulated Impairment Loss
GoodwillDivestituresAndDisposalAccumulatedImpairmentLoss
42475000
nxst Goodwill Purchase Accounting Adjustments Gross
GoodwillPurchaseAccountingAdjustmentsGross
-1407000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1407000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Measurement Period Gross
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodMeasurementPeriodGross
-753000
nxst Indefinite Lived Intangible Assets Excluding Goodwill During Period Measurement Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillDuringPeriodMeasurementNet
-753000
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
3141711000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
89819000
CY2021Q3 us-gaap Goodwill
Goodwill
3051892000
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
1178001000
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1321715000
CY2021Q3 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
55134000
CY2020Q3 nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
52801000
nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
185937000
nxst Income Loss From Equity Method Investments Net Before Amortization Of Basis Difference
IncomeLossFromEquityMethodInvestmentsNetBeforeAmortizationOfBasisDifference
152170000
CY2021Q3 nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
34351000
CY2020Q3 nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
36940000
nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
108230000
nxst Equity Method Investments Amortization Of Basis Difference
EquityMethodInvestmentsAmortizationOfBasisDifference
110819000
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
20783000
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15861000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
77707000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
41351000
CY2021Q3 nxst Equity Method Investment Difference Between Carrying Amount And Underlying Equity Remaining Identifiable Assets Subject To Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityRemainingIdentifiableAssetsSubjectToAmortization
553500000
CY2020Q4 nxst Equity Method Investment Difference Between Carrying Amount And Underlying Equity Remaining Identifiable Assets Subject To Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityRemainingIdentifiableAssetsSubjectToAmortization
661300000
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
94036000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
104133000
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
48928000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
67885000
CY2019Q3 nxst Percentage Of Defined Benefit Plan Not Frozen In Overall Projected Benefit Obligation
PercentageOfDefinedBenefitPlanNotFrozenInOverallProjectedBenefitObligation
0.02
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7610986000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7742557000
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
7546369000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
7668003000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
40715000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
21429000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7505654000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7646574000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
296281000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
282834000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
42592000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35850000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
245588000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
234208000
CY2021Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Property Plant And Equipment Other Accumulated Depreciation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassPropertyPlantAndEquipmentOtherAccumulatedDepreciation
3891000
CY2020Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Property Plant And Equipment Other Accumulated Depreciation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassPropertyPlantAndEquipmentOtherAccumulatedDepreciation
3349000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7099000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7641000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1002000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1003000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13411000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
14172000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y8M12D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.057
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.057
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
14500000
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
11600000
us-gaap Operating Lease Cost
OperatingLeaseCost
42200000
us-gaap Operating Lease Cost
OperatingLeaseCost
35600000
us-gaap Operating Lease Payments
OperatingLeasePayments
37335000
us-gaap Operating Lease Payments
OperatingLeasePayments
35455000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
636000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
676000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
758000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
652000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14220000
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
450000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
55391000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1803000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
53015000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1818000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
49293000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1833000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
36834000
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1879000
CY2021Q3 nxst Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
154797000
CY2021Q3 nxst Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
11479000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
363550000
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
19262000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
75370000
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
4849000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
288180000
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
14413000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65900000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65200000
us-gaap Depreciation
Depreciation
120726000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
223229000
us-gaap Operating Income Loss
OperatingIncomeLoss
850627000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.280
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
196300000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166900000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273
CY2020 nxst Income Tax Reconciliation Nondeductible Expense Goodwill
IncomeTaxReconciliationNondeductibleExpenseGoodwill
8100000
nxst Effective Income Tax Rate Reconciliation Nondeductible Expense Goodwill
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGoodwill
0.013
nxst Income Tax Reconciliation Nondeductible Expense Audit Settlements
IncomeTaxReconciliationNondeductibleExpenseAuditSettlements
7400000
nxst Effective Income Tax Rate Reconciliation Nondeductible Expense Audit Settlements
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseAuditSettlements
0.010
nxst Effective Income Tax Rate Reconciliation Provision Return Adjustment
EffectiveIncomeTaxRateReconciliationProvisionReturnAdjustment
0.007
CY2021Q3 nxst Number Of Voices Test Local Television Ownership
NumberOfVoicesTestLocalTelevisionOwnership
8
CY2021Q3 nxst Number Of Voices Test Local Television Ownership
NumberOfVoicesTestLocalTelevisionOwnership
8
CY2021Q3 nxst Maximum Percentage Of Us Television Household Reach
MaximumPercentageOfUSTelevisionHouseholdReach
0.39
CY2021Q3 nxst Percentage Of Discount On Ultra High Frequency On Audience Reach Per Market
PercentageOfDiscountOnUltraHighFrequencyOnAudienceReachPerMarket
0.50
nxst Date The Ultra High Frequency Discount Was Abolished
DateTheUltraHighFrequencyDiscountWasAbolished
2016-08-24
nxst Effective Date Of Reinstating The Ultra High Frequency Discount
EffectiveDateOfReinstatingTheUltraHighFrequencyDiscount
2017-06-15
CY2017 nxst Number Of Stations Went Off The Air
NumberOfStationsWentOffTheAir
1
CY2018Q4 nxst Number Of Ceased Broadcasting Channels
NumberOfCeasedBroadcastingChannels
8
CY2018Q4 nxst Spectrum Asset And Liability Surrender Value
SpectrumAssetAndLiabilitySurrenderValue
314100000
CY2019Q4 nxst Number Of Stations To Move To Very High Frequency Channels
NumberOfStationsToMoveToVeryHighFrequencyChannels
1
nxst Maximum Amount Of Reimbursement For Repack Cost
MaximumAmountOfReimbursementForRepackCost
2750000000
CY2021Q3 nxst Excess Amount Of Reimbursement For Repack Cost
ExcessAmountOfReimbursementForRepackCost
2231000000
CY2021Q3 nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
1600000
nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
7000000.0
CY2020Q3 nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
19400000
nxst Capital Expenditures Related To Station Repack
CapitalExpendituresRelatedToStationRepack
49300000
CY2021Q3 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
5600000
nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
17900000
CY2020Q3 nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
12900000
nxst Reimbursement From Fcc Related To Station Repack
ReimbursementFromFCCRelatedToStationRepack
51300000
CY2021Q3 nxst Number Of Multicast Network Services Owned And Operated
NumberOfMulticastNetworkServicesOwnedAndOperated
2
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1157012000
CY2021Q3 us-gaap Depreciation
Depreciation
41354000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
75730000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
277379000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1118203000
CY2020Q3 us-gaap Depreciation
Depreciation
36611000
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69265000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
343597000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3124658000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
209360000
us-gaap Operating Income Loss
OperatingIncomeLoss
844865000
CY2021Q3 us-gaap Goodwill
Goodwill
3051892000
CY2021Q3 us-gaap Assets
Assets
13282994000
CY2020Q4 us-gaap Goodwill
Goodwill
2984008000
CY2020Q4 us-gaap Assets
Assets
13404276000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1157012000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3402533000

Files In Submission

Name View Source Status
0001564590-21-053847-index-headers.html Edgar Link pending
0001564590-21-053847-index.html Edgar Link pending
0001564590-21-053847.txt Edgar Link pending
0001564590-21-053847-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nxst-10q_20210930.htm Edgar Link pending
nxst-10q_20210930_htm.xml Edgar Link completed
nxst-20210930.xsd Edgar Link pending
nxst-20210930_cal.xml Edgar Link unprocessable
nxst-20210930_def.xml Edgar Link unprocessable
nxst-20210930_lab.xml Edgar Link unprocessable
nxst-20210930_pre.xml Edgar Link unprocessable
nxst-ex311_8.htm Edgar Link pending
nxst-ex312_10.htm Edgar Link pending
nxst-ex321_6.htm Edgar Link pending
nxst-ex322_7.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending