2023 Q4 Form 10-K Financial Statement

#000007169124000030 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $676.2M $2.426B
YoY Change 1.3% 5.1%
Cost Of Revenue $321.2M $1.249B
YoY Change -3.31% 3.32%
Gross Profit $355.1M $1.177B
YoY Change 5.86% 7.07%
Gross Profit Margin 52.51% 48.52%
Selling, General & Admin $142.8M $558.4M
YoY Change 2.58% 0.29%
% of Gross Profit 40.23% 47.44%
Research & Development $58.26M $228.8M
YoY Change 5.06% 12.06%
% of Gross Profit 16.41% 19.44%
Depreciation & Amortization $21.94M $86.12M
YoY Change 2.04% 4.19%
% of Gross Profit 6.18% 7.32%
Operating Expenses $223.0M $873.4M
YoY Change 3.16% 14.76%
Operating Profit $132.0M $303.7M
YoY Change 10.76% 50.39%
Interest Expense $10.15M $23.58M
YoY Change 317.3% -42.05%
% of Operating Profit 7.69% 7.76%
Other Income/Expense, Net $684.0K $2.737M
YoY Change -138.95% -141.1%
Pretax Income $139.9M $302.6M
YoY Change 49.3% 28.22%
Income Tax $29.63M $69.84M
% Of Pretax Income 21.18% 23.08%
Net Earnings $109.9M $232.4M
YoY Change 55.22% 33.63%
Net Earnings / Revenue 16.25% 9.58%
Basic Earnings Per Share $1.41
Diluted Earnings Per Share $0.66 $1.40
COMMON SHARES
Basic Shares Outstanding 164.7M shares
Diluted Shares Outstanding 165.7M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $451.6M $451.6M
YoY Change 30.0% 30.0%
Cash & Equivalents $289.5M $289.5M
Short-Term Investments $162.1M $162.1M
Other Short-Term Assets $27.89M $87.60M
YoY Change -22.38% -3.51%
Inventory
Prepaid Expenses $59.71M
Receivables $242.5M $242.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $781.7M $781.7M
YoY Change 19.21% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $549.6M $549.6M
YoY Change -10.47% -10.47%
Goodwill $416.1M
YoY Change 0.5%
Intangibles $285.5M
YoY Change -10.02%
Long-Term Investments $287.3M $287.3M
YoY Change 70.3% 70.3%
Other Assets $226.6M $394.4M
YoY Change -1.75% 8.33%
Total Long-Term Assets $1.933B $1.933B
YoY Change 2.92% 2.92%
TOTAL ASSETS
Total Short-Term Assets $781.7M $781.7M
Total Long-Term Assets $1.933B $1.933B
Total Assets $2.715B $2.715B
YoY Change 7.14% 7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.9M $116.9M
YoY Change 2.0% 2.0%
Accrued Expenses $147.5M $321.8M
YoY Change 8.43% 7.06%
Deferred Revenue $172.8M
YoY Change 10.79%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $611.6M $611.6M
YoY Change 7.06% 7.06%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $101.0M $339.8M
YoY Change -8.89% -6.28%
Total Long-Term Liabilities $339.8M $339.8M
YoY Change -6.28% -6.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $611.6M $611.6M
Total Long-Term Liabilities $339.8M $339.8M
Total Liabilities $951.4M $951.4M
YoY Change 1.88% 1.67%
SHAREHOLDERS EQUITY
Retained Earnings $2.118B
YoY Change 8.12%
Common Stock $301.3M
YoY Change 17.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.763B $1.763B
YoY Change
Total Liabilities & Shareholders Equity $2.715B $2.715B
YoY Change 7.14% 7.14%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $109.9M $232.4M
YoY Change 55.22% 33.63%
Depreciation, Depletion And Amortization $21.94M $86.12M
YoY Change 2.04% 4.19%
Cash From Operating Activities $136.5M $360.6M
YoY Change 107.91% 139.32%
INVESTING ACTIVITIES
Capital Expenditures $6.130M $22.67M
YoY Change -33.02% -38.67%
Acquisitions
YoY Change
Other Investing Activities -$56.27M -$4.754M
YoY Change -477.92% 91.54%
Cash From Investing Activities -$62.40M -$159.7M
YoY Change -1187.52% 117.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.89M -$132.7M
YoY Change -49.12% -23.86%
NET CHANGE
Cash From Operating Activities 136.5M $360.6M
Cash From Investing Activities -62.40M -$159.7M
Cash From Financing Activities -20.89M -$132.7M
Net Change In Cash 53.22M $68.22M
YoY Change 75.45% -170.2%
FREE CASH FLOW
Cash From Operating Activities $136.5M $360.6M
Capital Expenditures $6.130M $22.67M
Free Cash Flow $130.4M $337.9M
YoY Change 130.73% 197.16%

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ProfitLoss
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ProfitLoss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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ProfitLoss
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ProfitLoss
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CY2021 us-gaap Other Comprehensive Income Loss Tax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2023 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Profit Loss
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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2454000 usd
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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22215000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Profit Loss
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CY2022 us-gaap Dividends Common Stock Cash
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OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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CY2022 us-gaap Stock Repurchased During Period Shares
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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35306000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
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CY2023 us-gaap Dividends Common Stock Cash
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4985000 usd
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3950000 usd
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
44553000 usd
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54776000 usd
CY2023 us-gaap Minority Interest Decrease From Redemptions
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355000 usd
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1763219000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
232752000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
173905000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
219971000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86115000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82654000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
57502000 usd
CY2023 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
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CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
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CY2021 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
9232000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
54776000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
35306000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
22215000 usd
CY2023 nyt Gain Loss On Pension Liability Adjustment
GainLossOnPensionLiabilityAdjustment
605000 usd
CY2022 nyt Gain Loss On Pension Liability Adjustment
GainLossOnPensionLiabilityAdjustment
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CY2021 nyt Gain Loss On Pension Liability Adjustment
GainLossOnPensionLiabilityAdjustment
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CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
15239000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4069000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
34227000 usd
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
2477000 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2023 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
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CY2022 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
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CY2021 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
27156000 usd
CY2022 nyt Pension Benefit Expense Net Of Pension Contribution And Payments
PensionBenefitExpenseNetOfPensionContributionAndPayments
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CY2023 nyt Life Insurance Fair Value Adjustment
LifeInsuranceFairValueAdjustment
1648000 usd
CY2022 nyt Life Insurance Fair Value Adjustment
LifeInsuranceFairValueAdjustment
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CY2021 nyt Life Insurance Fair Value Adjustment
LifeInsuranceFairValueAdjustment
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CY2022 us-gaap Other Operating Activities Cash Flow Statement
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2739000 usd
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2902000 usd
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IncreaseDecreaseInAccountsReceivable
24955000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49216000 usd
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IncreaseDecreaseInOtherOperatingAssets
2154000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
23220000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5289000 usd
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
16827000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8588000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13950000 usd
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
5744000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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PaymentsToAcquireShortTermInvestments
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CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
142161000 usd
CY2022 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
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CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
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PaymentsToAcquireBusinessesGross
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CY2022 us-gaap Payments For Proceeds From Investments
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PaymentsForProceedsFromInvestments
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34637000 usd
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PaymentsForProceedsFromOtherInvestingActivities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
56790000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45337000 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3448000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2586000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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ProceedsFromStockOptionsExercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
44553000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
105056000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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68218000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-97180000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33344000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
334306000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301964000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303172000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
235173000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
546000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
71814000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our Consolidated Financial Statements. Actual results could differ from these estimates.</span></div>
CY2023 us-gaap Fiscal Period
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Fiscal year 2022 was composed of 52 weeks and five additional days and ended as of December 31, 2022, while fiscal years 2023 and 2021 each comprised 52 weeks, and ended as of December 31, 2023, and December 26, 2021, respectively. </span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">In December 2021, the Board of Directors approved a change in the Company’s fiscal year from a 52/53 week fiscal year ending the last Sunday of December to a calendar year. Accordingly, the Company’s 2022 fiscal year, which commenced December 27, 2021, was extended from December 25, 2022, to December 31, 2022, and subsequent fiscal years begin on January 1 and end on December 31 of each year. The change was made on a prospective basis and prior periods were not adjusted. This change was not considered a change in a fiscal year under the rules of the Securities and Exchange Commission as the new fiscal year commenced within seven days of the prior fiscal year-end and the new fiscal year commenced with the end of the prior fiscal year. As a result, a transition report is not required.</span></div>
CY2023 us-gaap Number Of Reportable Segments
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Beginning with the third quarter of 2023, we have updated our presentation of total operating costs to include operating items that are outside the ordinary course of our operations (“special items”). These items have been previously presented separate from operating costs and included in operating profit. We recast operating costs for the prior periods in order to present comparable financial results. There was no change to consolidated operating profit, net income or cash flows as a result of this change.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Certain other amounts in prior periods have been reclassified to conform with the current period presentation.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject us to concentration of risk, are cash and cash equivalents and marketable securities. Cash is placed with major financial institutions. As of December 31, 2023, we had cash balances at financial institutions in excess of federal insurance limits. We periodically evaluate the credit standing of these financial institutions as part of our ongoing investment strategy.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Palatino',serif;font-size:10pt;font-weight:400;line-height:120%">Our marketable securities portfolio consists of investment-grade securities diversified among security types, issuers and industries. Our cash equivalents and marketable securities are primarily managed by third-party investment managers who are required to adhere to investment policies designed to mitigate risk and approved by our Board of Directors.</span></div>
CY2023 us-gaap Impairment Lessor Asset Under Operating Lease
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CY2023Q4 us-gaap Self Insurance Reserve
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
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CY2023Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Current
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CY2023Q4 nyt Debt Securities Availableforsale Securities Current
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CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
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CY2023Q4 nyt Debt Securities Availableforsale Gross Unrealized Gain Non Current
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CY2023Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Non Current
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CY2023Q4 nyt Debt Securities Availableforsale Securities Non Current
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CY2022Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Current
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CY2022Q4 nyt Debt Securities Availableforsale Securities Current
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CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
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CY2022Q4 nyt Debt Securities Availableforsale Gross Unrealized Gain Non Current
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CY2022Q4 nyt Debt Securities Availableforsale Gross Unrealized Losses Non Current
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CY2022Q4 nyt Debt Securities Availableforsale Securities Non Current
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CY2022 nyt Otherthan Temporary Impairment Losses Investments Debt Securities Availableforsale Securities
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CY2023 nyt Otherthan Temporary Impairment Losses Investments Debt Securities Availableforsale Securities
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CY2022Q1 nyt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue Unexpired Subscriptions Revenue
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CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2022 us-gaap Business Combination Separately Recognized Transactions Revenues And Gains Recognized
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CY2021 us-gaap Business Combination Separately Recognized Transactions Expenses And Losses Recognized
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Goodwill Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill
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CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q4 us-gaap Goodwill
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CY2023Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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CY2023 us-gaap Impairment Of Intangible Assets Finitelived
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2023Q4 us-gaap Income Loss From Equity Method Investments
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CY2021 us-gaap Income Loss From Equity Method Investments
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CY2022 us-gaap Income Loss From Equity Method Investments
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CY2022Q4 us-gaap Equity Securities Fv Ni Cost
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CY2023Q4 nyt Equity Securities Fvni Accumulated Unrealized Gain
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CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
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CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2021 us-gaap Marketing And Advertising Expense
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CY2023 us-gaap Marketing Expense
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CY2022 us-gaap Marketing Expense
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CY2021 us-gaap Marketing Expense
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CY2022 us-gaap Investment Income Interest
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CY2021 us-gaap Investment Income Interest
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CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
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CY2023 us-gaap Debt And Equity Securities Realized Gain Loss
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CY2022 us-gaap Debt And Equity Securities Realized Gain Loss
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CY2021 us-gaap Debt And Equity Securities Realized Gain Loss
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CY2021 us-gaap Interest Expense Debt Excluding Amortization
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CY2022 us-gaap Interest Income Expense Net
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CY2021 us-gaap Interest Income Expense Net
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CY2020Q4 us-gaap Area Of Land
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CY2022Q4 us-gaap Restricted Cash Noncurrent
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CY2023Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
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CY2022Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2023 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Amount
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-735000 usd
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-0.002
CY2022 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseGainLossonLifeInsuranceAmount
857000 usd
CY2022 nyt Effective Income Tax Rate Reconciliation Nondeductible Expense Gain Losson Life Insurance Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
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CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2023 nyt Operating Loss Carryforwards Remaining Life
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Accrued Income Taxes
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023 nyt Income Tax Benefit Dueto Reductionin Reservefor Uncertain Tax Positions
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CY2022 nyt Income Tax Benefit Dueto Reductionin Reservefor Uncertain Tax Positions
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CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2023 nyt Lengthof Performance Measurement Periodfor Award
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CY2021 nyt Lengthof Performance Measurement Periodfor Award
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CY2023 nyt Payments Under Long Term Incentive Plan Based On Total Shareholder Return During Year
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CY2022 nyt Payments Under Long Term Incentive Plan Based On Total Shareholder Return During Year
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CY2021 nyt Payments Under Long Term Incentive Plan Based On Total Shareholder Return During Year
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CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2023Q4 nyt Class A Common Stock Right To Elect Percentage Of Board Of Director
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CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2023Q4 nyt Minimum Consideration For Each Share Of Preferred Stock
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CY2023 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2023 us-gaap Other Comprehensive Income Loss Tax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Number Of Reportable Segments
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 nyt Revenue From Contract With Customer Excluding Assessed Tax Percent Change
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CY2023 nyt Operating Income Loss Adjusted
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CY2022 nyt Operating Income Loss Adjusted
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CY2023 nyt Operating Income Loss Percent Change
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CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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CY2023 us-gaap Cost Depreciation Amortization And Depletion
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CY2022 us-gaap Cost Depreciation Amortization And Depletion
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CY2023 nyt Cost Depreciation Amortization And Depletion Percent Change
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CY2023 us-gaap Severance Costs1
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CY2022 us-gaap Severance Costs1
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CY2023 nyt Severance Cost Percent Change
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CY2023 us-gaap Multiemployer Plan Employer Contribution Cost
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CY2022 us-gaap Multiemployer Plan Employer Contribution Cost
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4871000 usd
CY2023 nyt Multiemployer Plan Employer Contribution Cost Percent Change
MultiemployerPlanEmployerContributionCostPercentChange
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CY2023 us-gaap Business Combination Acquisition Related Costs
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CY2022 us-gaap Business Combination Acquisition Related Costs
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CY2023 us-gaap Asset Impairment Charges
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CY2022 us-gaap Asset Impairment Charges
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CY2023 nyt Multiemployer Plans Gain Loss On Withdrawal Obligation
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605000 usd
CY2022 nyt Multiemployer Plans Gain Loss On Withdrawal Obligation
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CY2023 us-gaap Income Loss From Equity Method Investments
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CY2022 us-gaap Income Loss From Equity Method Investments
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CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21102000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
40691000 usd
CY2023 nyt Interest Income Expense Net Percent Change
InterestIncomeExpenseNetPercentChange
-0.481
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
302588000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
235999000 usd
CY2023 nyt Income Loss From Continuing Operations Before Income Taxes Noncontrolling Interest Percent Change
IncomeLossFromContinuingOperationsBeforeIncomeTaxesNoncontrollingInterestPercentChange
0.282
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2426152000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2308321000 usd
CY2023 nyt Revenue From Contract With Customer Excluding Assessed Tax Percent Change
RevenueFromContractWithCustomerExcludingAssessedTaxPercentChange
0.051
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35374000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
57600000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10081000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9911000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42905000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
59124000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
52986000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
69035000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
13476000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
12881000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2850000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5970000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0504
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0445
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12279000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9573000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8221000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7359000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
18012000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
62644000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9658000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
52986000 usd
CY2023Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
7600000 usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
5100000 usd
CY2023 nyt Office Space Leased To Third Parties
OfficeSpaceLeasedToThirdParties
0.36
CY2020Q4 us-gaap Area Of Land
AreaOfLand
4 acre
CY2022Q2 us-gaap Lessor Sales Type Lease Assumptions And Judgments Value Of Underlying Asset Amount
LessorSalesTypeLeaseAssumptionsAndJudgmentsValueOfUnderlyingAssetAmount
36000000 usd
CY2022Q2 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
34000000 usd
CY2022Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
36000000 usd
CY2023 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
27163000 usd
CY2022 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
28516000 usd
CY2021 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
22851000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
29053000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
29344000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
29344000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
29337000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
14708000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
57735000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
189521000 usd
CY2023Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
13700000 usd
CY2022Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
13800000 usd

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