2019 Q2 Form 10-Q Financial Statement

#000003989919000028 Filed on August 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $536.9M $524.1M $502.1M
YoY Change 2.45% 7.09% 9.37%
Cost Of Revenue $285.3M $264.3M $258.5M
YoY Change 7.95% 15.07% 11.7%
Gross Profit $251.6M $259.8M $243.6M
YoY Change -3.14% 0.04% 7.0%
Gross Profit Margin 46.87% 49.57% 48.52%
Selling, General & Admin $73.94M $78.93M $73.62M
YoY Change -6.32% 4.82% 7.59%
% of Gross Profit 29.38% 30.38% 30.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.53M $13.86M $20.25M
YoY Change 4.85% 4.08% -61.13%
% of Gross Profit 5.78% 5.34% 8.31%
Operating Expenses $73.94M $78.93M $73.62M
YoY Change -6.32% 4.82% 7.59%
Operating Profit $142.8M $154.1M $137.0M
YoY Change -7.35% 2.7% 11.29%
Interest Expense $46.33M $49.10M $47.73M
YoY Change -5.66% -10.46% -13.88%
% of Operating Profit 32.44% 31.86% 34.83%
Other Income/Expense, Net -$37.98M -$33.87M -$61.44M
YoY Change 12.14% -55.96% 4.21%
Pretax Income $104.8M $120.3M $75.57M
YoY Change -12.83% 64.34% 17.8%
Income Tax $24.88M $27.76M $20.39M
% Of Pretax Income 23.73% 23.08% 26.97%
Net Earnings $79.96M $92.51M $55.19M
YoY Change -13.57% -170.97% -4.38%
Net Earnings / Revenue 14.89% 17.65% 10.99%
Basic Earnings Per Share $0.37 $0.43 $0.26
Diluted Earnings Per Share $0.37 $0.43 $0.25
COMMON SHARES
Basic Shares Outstanding 217.1M shares 216.3M shares 216.3M shares
Diluted Shares Outstanding 217.9M shares 216.5M shares 217.0M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.00M $25.00M $8.000M
YoY Change 16.0% -62.12% -90.0%
Cash & Equivalents $29.27M $24.50M $8.338M
Short-Term Investments
Other Short-Term Assets $36.00M $32.00M $53.00M
YoY Change 12.5% -96.02% -27.4%
Inventory
Prepaid Expenses
Receivables $455.1M $414.3M $430.2M
Other Receivables $16.86M $32.02M $16.08M
Total Short-Term Assets $536.5M $502.9M $507.3M
YoY Change 6.69% -60.29% -32.56%
LONG-TERM ASSETS
Property, Plant & Equipment $384.8M $351.4M $356.3M
YoY Change 9.51% -2.48% -19.41%
Goodwill $2.636B $2.597B $2.603B
YoY Change 1.52% 0.66% -36.05%
Intangibles $1.639B $1.542B $1.540B
YoY Change 6.28% 20.1% -48.39%
Long-Term Investments $17.68M $31.91M $27.28M
YoY Change -44.61% 101.57% 42.74%
Other Assets $41.02M $35.32M $45.91M
YoY Change 16.13% -14.88% -20.02%
Total Long-Term Assets $4.876B $4.640B $4.638B
YoY Change 5.09% 5.9% -39.87%
TOTAL ASSETS
Total Short-Term Assets $536.5M $502.9M $507.3M
Total Long-Term Assets $4.876B $4.640B $4.638B
Total Assets $5.413B $5.143B $5.145B
YoY Change 5.25% -8.94% -39.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.99M $45.57M $44.73M
YoY Change 29.45% -17.62% -40.8%
Accrued Expenses $119.0M $124.0M $127.0M
YoY Change -4.03% -37.64% -63.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $323.0K $485.0K
YoY Change -50.0% -24.92%
Total Short-Term Liabilities $276.5M $260.9M $272.9M
YoY Change 5.98% -48.67% -55.17%
LONG-TERM LIABILITIES
Long-Term Debt $2.954B $3.131B $3.196B
YoY Change -5.67% -6.42% -19.41%
Other Long-Term Liabilities $69.21M $80.83M $86.24M
YoY Change -14.38% 22.86% -32.41%
Total Long-Term Liabilities $3.656B $3.765B $3.836B
YoY Change -2.88% -10.65% -26.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $276.5M $260.9M $272.9M
Total Long-Term Liabilities $3.656B $3.765B $3.836B
Total Liabilities $3.933B $4.026B $4.109B
YoY Change -2.31% -14.75% -29.67%
SHAREHOLDERS EQUITY
Retained Earnings $6.553B $6.202B $6.124B
YoY Change 5.67% 7.85% -17.38%
Common Stock $580.4M $628.5M $628.3M
YoY Change -7.64% -12.74% -13.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.520B $5.589B $5.590B
YoY Change -1.23% -1.53% -1.78%
Treasury Stock Shares 107.8M shares 109.2M shares 108.7M shares
Shareholders Equity $1.480B $1.117B $1.037B
YoY Change
Total Liabilities & Shareholders Equity $5.413B $5.143B $5.145B
YoY Change 5.25% -8.94% -39.22%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $79.96M $92.51M $55.19M
YoY Change -13.57% -170.97% -4.38%
Depreciation, Depletion And Amortization $14.53M $13.86M $20.25M
YoY Change 4.85% 4.08% -61.13%
Cash From Operating Activities $68.50M $102.8M $51.19M
YoY Change -33.37% -0.29% -63.42%
INVESTING ACTIVITIES
Capital Expenditures -$12.90M -$10.30M $10.64M
YoY Change 25.24% -67.51% -40.74%
Acquisitions $325.9M
YoY Change
Other Investing Activities -$74.80M $16.50M -$327.5M
YoY Change -553.33% 3200.0% -6521.57%
Cash From Investing Activities -$87.70M $6.300M -$338.2M
YoY Change -1492.06% -120.13% 2535.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $33.06M
YoY Change 0.0%
Cash From Financing Activities 44.70M -93.00M $167.3M
YoY Change -148.06% 3943.48% -234.4%
NET CHANGE
Cash From Operating Activities 68.50M 102.8M $51.19M
Cash From Investing Activities -87.70M 6.300M -$338.2M
Cash From Financing Activities 44.70M -93.00M $167.3M
Net Change In Cash 25.50M 16.10M -$119.7M
YoY Change 58.39% -76.83% -4649.71%
FREE CASH FLOW
Cash From Operating Activities $68.50M $102.8M $51.19M
Capital Expenditures -$12.90M -$10.30M $10.64M
Free Cash Flow $81.40M $113.1M $40.54M
YoY Change -28.03% -16.1% -66.76%

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0.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217089000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216342000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216309000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217905000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216515000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217555000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216753000 shares
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
79955000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
92512000 USD
us-gaap Net Income Loss
NetIncomeLoss
153934000 USD
us-gaap Net Income Loss
NetIncomeLoss
147699000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-471000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
382000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-457000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
582000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-1437000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-1302000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-2862000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-2552000 USD
CY2019Q2 tgna Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Other Adjustments Before Tax
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax
-686000 USD
CY2018Q2 tgna Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Other Adjustments Before Tax
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax
0 USD
tgna Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Other Adjustments Before Tax
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax
-686000 USD
tgna Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Other Adjustments Before Tax
OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax
-6300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
1652000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
1684000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
3091000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
9434000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
414000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
432000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
774000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2408000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1238000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1252000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2317000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7026000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
81193000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
93764000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
156251000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
154725000 USD
us-gaap Net Income Loss
NetIncomeLoss
153934000 USD
us-gaap Net Income Loss
NetIncomeLoss
147699000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
46962000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42076000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9442000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7967000 USD
us-gaap Other Postretirement Benefits Expense Reversal Of Expense Noncash
OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
3244000 USD
us-gaap Other Postretirement Benefits Expense Reversal Of Expense Noncash
OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11725000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7406000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11413000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14309000 USD
tgna Pension Benefit Expense Net Of Pension Contributions
PensionBenefitExpenseNetOfPensionContributions
-3812000 USD
tgna Pension Benefit Expense Net Of Pension Contributions
PensionBenefitExpenseNetOfPensionContributions
-31158000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
69781000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-9172000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116851000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154041000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37684000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20864000 USD
tgna Proceedsfrom Reimbursementof Property Plantand Equipment
ProceedsfromReimbursementofPropertyPlantandEquipment
8439000 USD
tgna Proceedsfrom Reimbursementof Property Plantand Equipment
ProceedsfromReimbursementofPropertyPlantandEquipment
2025000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
185926000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
325902000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3553000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4479000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
955000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1224000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
20064000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16126000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-197705000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-331870000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
55000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
186000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
50000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
66123000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5269000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30294000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30137000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5831000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-446000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4349000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25740000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
74291000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-106594000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-103538000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135862000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128041000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29268000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24503000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1405251000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
79955000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1238000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
81193000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15158000 USD
CY2019Q2 tgna Contribution To Stock401k
ContributionToStock401k
-3244000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-109000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5008000 USD
CY2019Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-313000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1479742000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1036636000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
92512000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1252000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
93764000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15027000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5831000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2216000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4368000 USD
CY2018Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-785000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1116911000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1340924000 USD
us-gaap Net Income Loss
NetIncomeLoss
153934000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2317000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
156251000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30297000 USD
tgna Contribution To Stock401k
ContributionToStock401k
-3244000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-447000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9442000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-625000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1479742000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
995041000 USD
us-gaap Net Income Loss
NetIncomeLoss
147699000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7026000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
154725000 USD
CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-3723000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30121000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5831000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-2415000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7967000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-1268000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1116911000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of these condensed consolidated financial statements requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates. Significant estimates include, but are not limited to, evaluation of goodwill and other intangible assets for impairment, business combinations, fair value measurements, post-retirement benefit plans, income taxes including deferred taxes, and contingencies.
CY2019Q2 tgna Number Of Television Stations
NumberOfTelevisionStations
49 station
CY2019Q2 tgna Numberof Markets In Which Entity Operates
NumberofMarketsInWhichEntityOperates
41 market
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73800000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
91800000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
536932000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
524080000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1053685000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1026170000 USD
CY2019Q2 us-gaap Goodwill Gross
GoodwillGross
2635847000 USD
CY2019Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
2596863000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1775508000 USD
CY2019Q2 tgna Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
136469000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1645035000 USD
CY2018Q4 tgna Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
118958000 USD
CY2019Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
51879000 USD
CY2018Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
50452000 USD
CY2019Q2 us-gaap Equity Method Investments
EquityMethodInvestments
17676000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22960000 USD
CY2019Q2 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
27239000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
24497000 USD
CY2019Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
8008000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9350000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
41020000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
36206000 USD
CY2019Q2 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
145822000 USD
CY2018Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
143465000 USD
CY2019Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1600000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2965000000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2960000000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12820000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15458000 USD
CY2019Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-1389000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
76000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
2953569000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
2944466000 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
6000000.0 USD
tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
700000 USD
tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
6300000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
70687000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6696000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
83222000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
89918000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
us-gaap Operating Lease Expense
OperatingLeaseExpense
6300000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
8800000 USD
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
3000000.0 USD
CY2018Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
4400000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5100000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4523000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10866000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12358000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11574000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10814000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
74043000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
124178000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34260000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
89918000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10400000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11700000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10900000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
10300000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
73900000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-2123000 USD
CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1302000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-3548000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-8852000 USD
CY2019Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-532000 USD
CY2018Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-333000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-888000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-2259000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1591000 USD
CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-969000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2660000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-6593000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
79955000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
92512000 USD
us-gaap Net Income Loss
NetIncomeLoss
153934000 USD
us-gaap Net Income Loss
NetIncomeLoss
147699000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217089000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216342000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216309000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217905000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216515000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217555000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216753000 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
36000 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
431000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
259000 shares
CY2019Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1600000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29268000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135862000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24503000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98801000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29268000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135862000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24503000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
128041000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55785000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37013000 USD
us-gaap Interest Paid Net
InterestPaidNet
85961000 USD
us-gaap Interest Paid Net
InterestPaidNet
91360000 USD
CY2017Q2 tgna Broadcast Spectrum Program Numberof Stations Affected
BroadcastSpectrumProgramNumberofStationsAffected
13 station
CY2017Q2 tgna Broadcast Spectrum Program Authorized Reimbursement Amount
BroadcastSpectrumProgramAuthorizedReimbursementAmount
1750000000 USD
CY2018Q1 tgna Broadcast Spectrum Program Authorized Reimbursement Amount Repacking Fund
BroadcastSpectrumProgramAuthorizedReimbursementAmountRepackingFund
1000000000 USD
CY2018Q1 tgna Broadcast Spectrum Program Authorized Reimbursement Amount Repacking Fund Full Power Class A Stationsand Multichannel Distributors
BroadcastSpectrumProgramAuthorizedReimbursementAmountRepackingFundFullPowerClassAStationsandMultichannelDistributors
750000000 USD
CY2017Q2 tgna Broadcast Spectrum Program Repacking Period
BroadcastSpectrumProgramRepackingPeriod
P39M
CY2017Q2 tgna Broadcast Spectrum Program Numberof Repacking Phases
BroadcastSpectrumProgramNumberofRepackingPhases
10 phase
tgna Broadcast Spectrum Program Capital Expenditures Incurred
BroadcastSpectrumProgramCapitalExpendituresIncurred
6200000 USD
tgna Broadcast Spectrum Program Amountof Reimbursement Received
BroadcastSpectrumProgramAmountofReimbursementReceived
15800000 USD
CY2017Q2 tgna Broadcast Spectrum Program Numberof Stations Affected
BroadcastSpectrumProgramNumberofStationsAffected
13 station
CY2017Q2 tgna Broadcast Spectrum Program Amounts Reimbursed Asa Percentageof Total Costs
BroadcastSpectrumProgramAmountsReimbursedAsaPercentageofTotalCosts
0.925
CY2018Q3 us-gaap Severance Costs1
SeveranceCosts1
7300000 USD
us-gaap Severance Costs1
SeveranceCosts1
3000000.0 USD
tgna Growth Percentage Of Number Of Viewers
GrowthPercentageOfNumberOfViewers
0.48
tgna Number Of Television Homes
NumberOfTelevisionHomes
87000000 television_home

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