2020 Form 10-K Financial Statement

#000003989921000008 Filed on March 01, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $2.938B $694.0M $2.299B
YoY Change 27.76% 8.08% 4.18%
Cost Of Revenue $1.503B $355.2M $1.228B
YoY Change 22.39% 30.59% 15.23%
Gross Profit $1.434B $338.8M $1.071B
YoY Change 33.91% -8.46% -6.14%
Gross Profit Margin 48.83% 48.82% 46.59%
Selling, General & Admin $365.6M $119.9M $326.8M
YoY Change 11.87% 23.48% 3.64%
% of Gross Profit 25.49% 35.39% 30.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.88M $33.20M $60.53M
YoY Change 10.5% 48.21% 8.18%
% of Gross Profit 4.66% 9.8% 5.65%
Operating Expenses $365.6M $153.1M $326.8M
YoY Change 11.87% 28.12% 3.64%
Operating Profit $871.0M $185.7M $559.0M
YoY Change 55.81% -25.9% -19.97%
Interest Expense $210.3M -$58.50M $205.5M
YoY Change 2.35% 21.12% 6.98%
% of Operating Profit 24.14% -31.5% 36.76%
Other Income/Expense, Net -$233.9M $2.400M -$183.4M
YoY Change 27.58% 60.0% -3.38%
Pretax Income $637.1M $120.6M $375.7M
YoY Change 69.58% -41.54% -26.15%
Income Tax $154.3M $36.70M $89.42M
% Of Pretax Income 24.22% 30.43% 23.8%
Net Earnings $482.8M $84.00M $286.2M
YoY Change 68.66% -47.76% -29.44%
Net Earnings / Revenue 16.43% 12.1% 12.45%
Basic Earnings Per Share $2.20 $1.32
Diluted Earnings Per Share $2.19 $384.4K $1.31
COMMON SHARES
Basic Shares Outstanding 219.2M shares 216.9M shares 217.1M shares
Diluted Shares Outstanding 219.7M shares 218.0M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.00M $29.00M $29.00M
YoY Change 41.38% -78.68% -78.68%
Cash & Equivalents $41.00M $29.40M $29.00M
Short-Term Investments
Other Short-Term Assets $67.00M $77.00M $77.00M
YoY Change -12.99% 45.28% 45.28%
Inventory
Prepaid Expenses
Receivables $551.0M $581.8M $582.0M
Other Receivables $14.00M $19.64M $19.00M
Total Short-Term Assets $673.0M $707.3M $707.0M
YoY Change -4.81% 11.35% 11.34%
LONG-TERM ASSETS
Property, Plant & Equipment $568.0M $485.7M $589.0M
YoY Change -3.57% 29.45% 57.07%
Goodwill $2.951B
YoY Change 13.62%
Intangibles $2.562B
YoY Change 67.86%
Long-Term Investments $52.00M $27.65M $60.00M
YoY Change -13.33% -33.24% 27.66%
Other Assets $84.00M $21.85M $85.00M
YoY Change -1.18% 23.14% -11.46%
Total Long-Term Assets $6.176B $6.247B $6.247B
YoY Change -1.14% 34.58% 34.58%
TOTAL ASSETS
Total Short-Term Assets $673.0M $707.3M $707.0M
Total Long-Term Assets $6.176B $6.247B $6.247B
Total Assets $6.849B $6.954B $6.954B
YoY Change -1.51% 31.78% 31.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.00M $51.89M $52.00M
YoY Change 11.54% -37.65% -37.35%
Accrued Expenses $172.0M $171.0M $171.0M
YoY Change 0.58% 23.02% 23.02%
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 $424.0M $361.2M $361.0M
YoY Change 17.45% -2.18% -2.17%
LONG-TERM LIABILITIES
Long-Term Debt $3.553B $4.179B $4.179B
YoY Change -14.98% 41.94% 41.95%
Other Long-Term Liabilities $268.0M $67.04M $308.0M
YoY Change -12.99% -7.39% 36.89%
Total Long-Term Liabilities $3.821B $5.002B $4.487B
YoY Change -14.84% 40.25% 41.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $424.0M $361.2M $361.0M
Total Long-Term Liabilities $3.821B $5.002B $4.487B
Total Liabilities $4.791B $5.364B $5.364B
YoY Change -10.68% 36.27% 36.28%
SHAREHOLDERS EQUITY
Retained Earnings $6.655B
YoY Change 3.51%
Common Stock $571.9M
YoY Change -8.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.494B
YoY Change -1.5%
Treasury Stock Shares 107.0M shares
Shareholders Equity $2.058B $1.590B $1.590B
YoY Change
Total Liabilities & Shareholders Equity $6.849B $6.954B $6.954B
YoY Change -1.51% 31.78% 31.78%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $482.8M $84.00M $286.2M
YoY Change 68.66% -47.76% -29.44%
Depreciation, Depletion And Amortization $66.88M $33.20M $60.53M
YoY Change 10.5% 48.21% 8.18%
Cash From Operating Activities $805.1M $82.90M $297.5M
YoY Change 170.66% -57.38% -43.58%
INVESTING ACTIVITIES
Capital Expenditures $45.50M -$37.20M $88.36M
YoY Change -48.5% 24.41% 35.45%
Acquisitions $34.84M $1.514B
YoY Change -97.7% 361.03%
Other Investing Activities -$14.00M -$3.300M -$1.475B
YoY Change -99.05% -141.77% 377.07%
Cash From Investing Activities -$59.52M -$40.50M -$1.563B
YoY Change -96.19% 84.09% 317.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.623B $710.0M
YoY Change 128.59% 486.07%
Cash From Financing Activities -$734.1M -22.30M $1.160B
YoY Change -163.31% -63.14% -899.84%
NET CHANGE
Cash From Operating Activities $805.1M 82.90M $297.5M
Cash From Investing Activities -$59.52M -40.50M -$1.563B
Cash From Financing Activities -$734.1M -22.30M $1.160B
Net Change In Cash $11.56M 20.10M -$106.5M
YoY Change -110.86% -82.05% -1461.18%
FREE CASH FLOW
Cash From Operating Activities $805.1M $82.90M $297.5M
Capital Expenditures $45.50M -$37.20M $88.36M
Free Cash Flow $759.6M $120.1M $209.1M
YoY Change 263.26% -46.48% -54.73%

Facts In Submission

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0
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1.32
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405665000 USD
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138000 USD
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0
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0
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362000 USD
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22574000 USD
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0 USD
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-686000 USD
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7372000 USD
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0 USD
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ProfitLoss
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ProfitLoss
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7402000 USD
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1007000 USD
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3125000 USD
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CY2020 us-gaap Comprehensive Income Net Of Tax
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504299000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
61278000 USD
CY2020 tgna Contribution To Stock401k
ContributionToStock401k
-16469000 USD
CY2020 tgna Apic Decrease For Stock Based Compensation Awards
APICDecreaseForStockBasedCompensationAwards
9207000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20306000 USD
CY2020 tgna Temporary Equity Increase From Sale Of Minority Interests
TemporaryEquityIncreaseFromSaleOfMinorityInterests
14000000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
933000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
933000 USD
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-15000 USD
CY2020 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-15000 USD
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
1923000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
14933000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2058095000 USD
CY2020Q4 tgna Number Of Television Stations
NumberOfTelevisionStations
64 station
CY2020 tgna Number Of Radio Stations
NumberOfRadioStations
2 station
CY2020Q4 tgna Numberof Markets In Which Entity Operates
NumberofMarketsInWhichEntityOperates
51 market
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates: </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). In doing so, we are required to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include, but are not limited to, evaluation of goodwill and other intangible assets for impairment, allocation of purchase price to assets and liabilities in business combinations, fair value measurements, post-retirement benefit plans, income taxes including deferred tax assets, and contingencies.</span>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020Q4 tgna Number Of Television Stations
NumberOfTelevisionStations
64 station
CY2020Q4 tgna Numberof Markets In Which Entity Operates
NumberofMarketsInWhichEntityOperates
51 market
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4700000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000000.0 USD
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3000000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
3000000000.0 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
19700000 USD
CY2019Q4 tgna Fair Value Disclosure Numberof Investments
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4 investment
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
20300000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
32400000 USD
CY2020Q4 tgna Equity Securities Fvni Cost Impairment Charges
EquitySecuritiesFVNICostImpairmentCharges
9200000 USD
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
5900000 USD
CY2018 tgna Debt Investment Impairment Charge
DebtInvestmentImpairmentCharge
2000000.0 USD
CY2020 tgna Program Rights Assets Expense
ProgramRightsAssetsExpense
71100000 USD
CY2019 tgna Program Rights Assets Expense
ProgramRightsAssetsExpense
60800000 USD
CY2018 tgna Program Rights Assets Expense
ProgramRightsAssetsExpense
53400000 USD
CY2020Q4 tgna Programming Rights Current
ProgrammingRightsCurrent
47300000 USD
CY2018 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Our customers submit payments monthly, generally within 60-90 days after the month that the service was provided.
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2937780000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2299497000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2207282000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2018Q4 us-gaap Goodwill
Goodwill
2596863000 USD
CY2019 us-gaap Goodwill Acquired During Period
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355368000 USD
CY2019 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1644000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2950587000 USD
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
18106000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2968693000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2739226000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
235582000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2503644000 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 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2561614000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
62854000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
59711000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
53296000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
47132000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
28296000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
128457000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
379746000 USD
CY2020Q4 us-gaap Cash Surrender Value Of Life Insurance
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52883000 USD
CY2019Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
52462000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
32067000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
27650000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
20271000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
32383000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9378000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10921000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21620000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21853000 USD
CY2020Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
136219000 USD
CY2019Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
145269000 USD
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
9200000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
123882000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4532000 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
128414000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
21878000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4001000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
25879000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
145760000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8533000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
154293000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
59791000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
21345000 USD
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
81136000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7567000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
719000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
8286000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
67358000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22064000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89422000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
77795000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
15765000 USD
CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
93560000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9527000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4280000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
13807000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
87322000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20045000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107367000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.033
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.029
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.016
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.003
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.017
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.010
CY2020 tgna Effective Income Tax Rate Reconciliation Valuation Allowanceon Equity Method Investment
EffectiveIncomeTaxRateReconciliationValuationAllowanceonEquityMethodInvestment
0.004
CY2019 tgna Effective Income Tax Rate Reconciliation Valuation Allowanceon Equity Method Investment
EffectiveIncomeTaxRateReconciliationValuationAllowanceonEquityMethodInvestment
0.017
CY2018 tgna Effective Income Tax Rate Reconciliation Valuation Allowanceon Equity Method Investment
EffectiveIncomeTaxRateReconciliationValuationAllowanceonEquityMethodInvestment
0
CY2020 tgna Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0
CY2019 tgna Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
0
CY2018 tgna Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017 Changein Tax Rate Percent
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017ChangeinTaxRatePercent
-0.011
CY2020 tgna Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostsPercent
0
CY2019 tgna Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostsPercent
0.003
CY2018 tgna Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTransactionCostsPercent
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.004
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.242
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.211
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
67479000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
62951000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
536740000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
524697000 USD
CY2020Q4 tgna Deferred Tax Liabilities Operating Lease Rightof Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightofUseAssets
24220000 USD
CY2019Q4 tgna Deferred Tax Liabilities Operating Lease Rightof Use Assets
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25615000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
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3322000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3677000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
631761000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
616940000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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18559000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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16180000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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25523000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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35192000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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38348000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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38686000 USD
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25319000 USD
CY2019Q4 tgna Deferred Tax Assets Operating Lease Liabilities
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26008000 USD
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37239000 USD
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30914000 USD
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144988000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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146980000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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43467000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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45661000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
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530240000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
515621000 USD
CY2020Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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107900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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43500000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
45700000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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45661000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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125894000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
136418000 USD
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3719000 USD
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9545000 USD
CY2018 tgna Deferred Tax Asset Valuation Allowance Additions
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3908000 USD
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5913000 USD
CY2019 tgna Deferred Tax Assets Valuation Allowance Reductions
DeferredTaxAssetsValuationAllowanceReductions
89778000 USD
CY2018 tgna Deferred Tax Assets Valuation Allowance Reductions
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14432000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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43467000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
45661000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
125894000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8050000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12843000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15043000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
40000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
630000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2631000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
959000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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552996000 USD
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
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646662000 USD
CY2020Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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-93666000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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288000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
182000 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1245000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3546000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4689000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7435000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8050000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12843000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6000000.0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
6400000 USD
CY2020 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1700000 USD
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
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0 shares
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0 shares
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0 shares
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0 USD
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0 USD
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933000 USD
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0 USD
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0 USD
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481830000 USD
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286235000 USD
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405665000 USD
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0
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1.31
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0
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0
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2.19
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1.31
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1.87
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4297000 USD
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16009000 USD
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15792000 USD
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24845000 USD
CY2020 tgna Gain Loss On Reimbursement Of Property Plant And Equipment
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-7400000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
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2880000 USD
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5989000 USD
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3225000 USD
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9063000 USD
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0 USD
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0 USD
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5456000 USD
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0 USD
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0 USD
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0 USD
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-551000 USD
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0 USD
CY2019 us-gaap Unusual Or Infrequent Item Net Gain Loss
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0 USD
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1137000 USD
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-5335000 USD
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-13200000 USD
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-17000000.0 USD
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-7400000 USD
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2900000 USD
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6000000.0 USD
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9100000 USD
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14000000.0 USD
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14000000.0 USD
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18 market
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1 station
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1750000000 USD
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1000000000 USD
CY2018Q1 tgna Broadcast Spectrum Program Authorized Reimbursement Amount Repacking Fund Full Power Class A Stationsand Multichannel Distributors
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750000000 USD
tgna Broadcast Spectrum Program Capital Expenditures Incurred
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42000000.0 USD
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37600000 USD
CY2020 tgna Broadcast Spectrum Program Remaining Reimbursement Expected To Be Received
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4400000 USD

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