2020 Q4 Form 10-Q Financial Statement

#000003989920000042 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $937.6M $738.4M $551.9M
YoY Change 35.1% 33.8% 2.39%
Cost Of Revenue $399.4M $379.2M $306.5M
YoY Change 12.44% 23.73% 13.02%
Gross Profit $538.2M $359.2M $245.4M
YoY Change 58.85% 46.39% -8.38%
Gross Profit Margin 57.4% 48.65% 44.46%
Selling, General & Admin $109.7M $89.94M $78.44M
YoY Change -8.51% 14.67% 2.35%
% of Gross Profit 20.38% 25.04% 31.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.30M $16.09M $15.38M
YoY Change 3.31% 4.58% 7.85%
% of Gross Profit 6.37% 4.48% 6.27%
Operating Expenses $143.9M $89.94M $78.44M
YoY Change -6.01% 14.67% 2.35%
Operating Profit $394.3M $227.7M $106.8M
YoY Change 112.33% 113.14% -30.76%
Interest Expense -$47.60M $51.90M $52.45M
YoY Change -18.63% -1.06% 8.77%
% of Operating Profit -12.07% 22.79% 49.1%
Other Income/Expense, Net -$16.80M -$53.46M -$53.41M
YoY Change -800.0% 0.1% 12.04%
Pretax Income $329.3M $174.2M $53.40M
YoY Change 173.05% 226.22% -49.91%
Income Tax $84.60M $41.97M $5.079M
% Of Pretax Income 25.69% 24.09% 9.51%
Net Earnings $244.3M $132.2M $48.35M
YoY Change 190.83% 173.48% -50.24%
Net Earnings / Revenue 26.06% 17.91% 8.76%
Basic Earnings Per Share $0.60 $0.22
Diluted Earnings Per Share $1.107M $0.60 $0.22
COMMON SHARES
Basic Shares Outstanding 219.2M shares 219.6M shares 217.3M shares
Diluted Shares Outstanding 220.0M shares 218.3M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.00M $165.0M $9.000M
YoY Change 41.38% 1733.33% -62.5%
Cash & Equivalents $40.97M $164.6M $9.194M
Short-Term Investments
Other Short-Term Assets $67.00M $81.00M $89.00M
YoY Change -12.99% -8.99% 32.84%
Inventory
Prepaid Expenses
Receivables $550.8M $503.0M $521.1M
Other Receivables $14.03M $14.09M $29.23M
Total Short-Term Assets $672.6M $763.3M $648.3M
YoY Change -4.91% 17.73% 22.12%
LONG-TERM ASSETS
Property, Plant & Equipment $470.4M $470.5M $470.8M
YoY Change -3.16% -0.06% 32.76%
Goodwill $2.969B $2.969B $2.874B
YoY Change 0.61% 3.29% 10.67%
Intangibles $2.504B $2.501B $2.673B
YoY Change -2.26% -6.42% 74.22%
Long-Term Investments $32.07M $30.26M $12.23M
YoY Change 15.97% 147.34% -62.53%
Other Assets $18.62M $22.50M $42.92M
YoY Change -14.79% -47.59% 13.3%
Total Long-Term Assets $6.176B $6.182B $6.254B
YoY Change -1.13% -1.15% 34.73%
TOTAL ASSETS
Total Short-Term Assets $672.6M $763.3M $648.3M
Total Long-Term Assets $6.176B $6.182B $6.254B
Total Assets $6.849B $6.945B $6.902B
YoY Change -1.51% 0.62% 33.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.05M $61.44M $63.10M
YoY Change 11.86% -2.62% -3.39%
Accrued Expenses $172.0M $169.0M $167.0M
YoY Change 0.58% 1.2% 5.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $424.2M $399.3M $374.8M
YoY Change 17.45% 6.54% 3.99%
LONG-TERM LIABILITIES
Long-Term Debt $3.553B $3.906B $4.181B
YoY Change -14.98% -6.57% 39.86%
Other Long-Term Liabilities $82.79M $77.68M $71.68M
YoY Change 23.5% 8.38% -11.75%
Total Long-Term Liabilities $4.351B $4.731B $5.006B
YoY Change -13.01% -5.48% 38.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $424.2M $399.3M $374.8M
Total Long-Term Liabilities $4.351B $4.731B $5.006B
Total Liabilities $4.776B $5.131B $5.381B
YoY Change -10.96% -4.64% 35.63%
SHAREHOLDERS EQUITY
Retained Earnings $7.076B $6.847B $6.586B
YoY Change 6.32% 3.95% 4.81%
Common Stock $437.7M $444.2M $576.6M
YoY Change -23.47% -22.97% -8.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.334B $5.352B $5.508B
YoY Change -2.91% -2.83% -1.39%
Treasury Stock Shares 104.9M shares 105.3M shares 107.6M shares
Shareholders Equity $2.058B $1.800B $1.522B
YoY Change
Total Liabilities & Shareholders Equity $6.849B $6.945B $6.902B
YoY Change -1.51% 0.62% 33.43%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $244.3M $132.2M $48.35M
YoY Change 190.83% 173.48% -50.24%
Depreciation, Depletion And Amortization $34.30M $16.09M $15.38M
YoY Change 3.31% 4.58% 7.85%
Cash From Operating Activities $289.3M $202.3M $97.70M
YoY Change 248.97% 107.06% -45.33%
INVESTING ACTIVITIES
Capital Expenditures -$14.90M -$6.300M -$13.50M
YoY Change -59.95% -53.33% -6.25%
Acquisitions
YoY Change
Other Investing Activities -$20.20M $2.900M -$1.312B
YoY Change 512.12% -100.22% 21404.92%
Cash From Investing Activities -$35.10M -$3.300M -$1.325B
YoY Change -13.33% -99.75% 6364.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -377.9M -207.4M 1.208B
YoY Change 1594.62% -117.18% -860.39%
NET CHANGE
Cash From Operating Activities 289.3M 202.3M 97.70M
Cash From Investing Activities -35.10M -3.300M -1.325B
Cash From Financing Activities -377.9M -207.4M 1.208B
Net Change In Cash -123.7M -8.400M -20.10M
YoY Change -715.42% -58.21% 3250.0%
FREE CASH FLOW
Cash From Operating Activities $289.3M $202.3M $97.70M
Capital Expenditures -$14.90M -$6.300M -$13.50M
Free Cash Flow $304.2M $208.6M $111.2M
YoY Change 153.29% 87.59% -42.41%

Facts In Submission

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8350 Broad Street, Suite 2000,
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1092000 USD
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us-gaap Use Of Estimates
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<div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%">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. During the first quarter of 2020, a novel strain of coronavirus (COVID-19) believed to have been first identified in Wuhan, China, spread globally, including to every state in the United States. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic, and on March 13, 2020, the United States declared a national emergency with respect to COVID-19. The federal and state governments in the United States responded by instituting a wide variety of mitigating control measures, including, mandatory quarantines, closures of non-essential businesses and all other places of social interaction, while implementing “shelter in place” orders and travel restrictions in an effort to slow the spread of the virus. Such mitigating measures began negatively impacting our advertising and marketing services (AMS) revenue stream in mid-March as demand for non-political advertising softened. While some of these measures have been lifted or relaxed in certain state and local governments, other jurisdictions have seen increases in new COVID-19 cases resulting in restrictions being reinstated, or new restrictions imposed. Overall, demand improved for advertising during the second and third quarters as steps toward economic re-opening were implemented. There continues to be considerable uncertainty regarding how current and future health and safety measures implemented in response to the pandemic will impact our business.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Beginning in mid-March, as a result of the expected near-term impact on non-political advertising demand caused by the COVID-19 pandemic, we implemented cost saving measures to reduce operating expenses and discretionary capital expenditures. These measures included implementing temporary furloughs for one week during the second quarter for most personnel, reducing compensation for executives and our board of directors, and reducing non-critical discretionary spending. As is true of most businesses, the ultimate magnitude of the COVID-19 pandemic cannot be reasonably estimated at this time, but we do expect it to continue to have a dampening effect on our near-term AMS revenues. </span></div>While it is too early to predict the duration of the pandemic or the long term effects on our financial condition, results of operations, and liquidity, we use the best information available in developing significant estimates included in our financial statements. Actual results could differ from these estimates, and these differences resulting from changes in facts and circumstances could be material. 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.
us-gaap Number Of Reportable Segments
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1 segment
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1 segment
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63 station
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2 radio_station
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51 market
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53600000 USD
tgna Program Rights Assets Expense
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42500000 USD
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15500000 USD
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60400000 USD
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8400000 USD
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551857000 USD
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CY2020Q3 us-gaap Goodwill Gross
GoodwillGross
2968693000 USD
CY2020Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
2950587000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2020Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2719495000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
218468000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2730066000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
168452000 USD
CY2019Q4 tgna Business Combination Numberof Stations Acquired
BusinessCombinationNumberofStationsAcquired
15 station
CY2020Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
52050000 USD
CY2019Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
52462000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
30257000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
27650000 USD
CY2020Q3 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
28124000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
32383000 USD
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10279000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10921000 USD
CY2020Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22496000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21853000 USD
CY2020Q3 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
143206000 USD
CY2019Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
145269000 USD
CY2020Q2 tgna Numberof Investments Sold
NumberofInvestmentsSold
1 investment
CY2020Q2 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
4300000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6000 USD
CY2020Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4868000 USD
CY2020Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1000 USD
CY2019Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
tgna Reduction In Tax Payments Coronavirus Aid Reliefand Economic Security Cares Act
ReductionInTaxPaymentsCoronavirusAidReliefandEconomicSecurityCARESAct
5000000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3940000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4203000000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
40175000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
26873000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-6371000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-3118000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
3906196000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
4179245000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
164600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
17284000 USD
CY2019Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5761000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
14605000 USD
CY2020Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
7765000 USD
CY2019Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6580000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
23294000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
19740000 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
23000 USD
CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
23000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
68000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
68000 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1541000 USD
CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1521000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-4622000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-4562000 USD
CY2020Q3 tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
0 USD
CY2019Q3 tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
0 USD
tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
0 USD
tgna Defined Benefit Plan Lumpsum Payment Charge
DefinedBenefitPlanLumpsumPaymentCharge
686000 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1332000 USD
CY2019Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
727000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-3994000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2866000 USD
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1551000 USD
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1431000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-4653000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-4979000 USD
CY2020Q3 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-390000 USD
CY2019Q3 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-358000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-1170000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-1246000 USD
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1161000 USD
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1073000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3483000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3733000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
132270000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
48346000 USD
us-gaap Profit Loss
ProfitLoss
238041000 USD
us-gaap Profit Loss
ProfitLoss
202280000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
51000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-433000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
280000 USD
CY2019Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
653000 USD
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
51000 USD
CY2019Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-433000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
131990000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48346000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
237388000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
202280000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219579000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217315000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
218997000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217040000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219977000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
218310000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219423000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217808000 shares
CY2018Q1 tgna Broadcast Spectrum Program Authorized Reimbursement Amount Repacking Fund
BroadcastSpectrumProgramAuthorizedReimbursementAmountRepackingFund
1000000000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2019Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1600000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
CY2017Q2 tgna Number Of Markets Where Stations Were Repacked
NumberOfMarketsWhereStationsWereRepacked
18 market
CY2019 tgna Broadcast Spectrum Program Numberof Stations Acquired
BroadcastSpectrumProgramNumberofStationsAcquired
4 station
tgna Broadcast Spectrum Program Numberof Stations Acquired
BroadcastSpectrumProgramNumberofStationsAcquired
1 station
CY2018Q1 tgna Broadcast Spectrum Program Authorized Reimbursement Amount Repacking Fund Full Power Class A Stationsand Multichannel Distributors
BroadcastSpectrumProgramAuthorizedReimbursementAmountRepackingFundFullPowerClassAStationsandMultichannelDistributors
750000000 USD
CY2020Q3 tgna Broadcast Spectrum Program Number Of Stations Broadcasting On Interim Antenna
BroadcastSpectrumProgramNumberOfStationsBroadcastingOnInterimAntenna
1 station
CY2017Q2 tgna Broadcast Spectrum Program Authorized Reimbursement Amount
BroadcastSpectrumProgramAuthorizedReimbursementAmount
1750000000 USD
tgna Broadcast Spectrum Program Capital Expenditures Incurred
BroadcastSpectrumProgramCapitalExpendituresIncurred
41700000 USD
tgna Broadcast Spectrum Program Amount Purchased
BroadcastSpectrumProgramAmountPurchased
6100000 USD
tgna Broadcast Spectrum Program Amountof Reimbursement Received
BroadcastSpectrumProgramAmountofReimbursementReceived
37000000.0 USD
tgna Broadcast Spectrum Program Remaining Reimbursement Expected To Be Received
BroadcastSpectrumProgramRemainingReimbursementExpectedToBeReceived
4700000 USD
CY2020Q1 tgna Proceeds From Saleof Noncontrolling Interest Financing Activities
ProceedsFromSaleofNoncontrollingInterestFinancingActivities
14000000.0 USD
CY2020Q1 tgna Proceeds From Saleof Noncontrolling Interest Financing Activities
ProceedsFromSaleofNoncontrollingInterestFinancingActivities
14000000.0 USD

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