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10-Q Filing

TEGNA INC CIK: 39899 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000039899-19-000020
Period End Date 20190331
Filing Date 20190509
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance tgna-20190331.xml
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $3.09M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $3.66M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 800.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $98.80M USD Point-in-time
Common stock, Authorized shares CommonStockSharesAuthorized 800.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.34M USD Point-in-time
Accounts receivable, net of allowances of $3,661 and $3,090, respectively AccountsReceivableNetCurrent $454.86M USD Point-in-time
Common stock, Issued shares CommonStockSharesIssued 324.42M shares Point-in-time
Accounts receivable, net of allowances of $3,661 and $3,090, respectively AccountsReceivableNetCurrent $425.40M USD Point-in-time
Common stock, Issued shares CommonStockSharesIssued 324.42M shares Point-in-time
Treasury stock, shares TreasuryStockShares 108.13M shares Point-in-time
Treasury stock, shares TreasuryStockShares 108.66M shares Point-in-time
Other receivables OtherReceivablesNetCurrent $18.74M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $20.97M USD Point-in-time
Programming rights ProgrammingRightsCurrent $35.25M USD Point-in-time
Programming rights ProgrammingRightsCurrent $23.91M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.74M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $18.07M USD Point-in-time
Total current assets AssetsCurrent $635.22M USD Point-in-time
Total current assets AssetsCurrent $519.40M USD Point-in-time
Cost PropertyPlantAndEquipmentGross $883.83M USD Point-in-time
Cost PropertyPlantAndEquipmentGross $858.17M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $482.95M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $496.51M USD Point-in-time
Net property and equipment PropertyPlantAndEquipmentNet $375.21M USD Point-in-time
Net property and equipment PropertyPlantAndEquipmentNet $387.32M USD Point-in-time
Goodwill Goodwill $2.60B USD Point-in-time
Goodwill Goodwill $2.61B USD Point-in-time
Indefinite-lived and amortizable intangible assets, less accumulated amortization IntangibleAssetsNetExcludingGoodwill $1.60B USD Point-in-time
Indefinite-lived and amortizable intangible assets, less accumulated amortization IntangibleAssetsNetExcludingGoodwill $1.53B USD Point-in-time
Right-of-use assets for operating leases OperatingLeaseRightOfUseAsset - USD Point-in-time
Right-of-use assets for operating leases OperatingLeaseRightOfUseAsset $72.16M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $139.89M USD Point-in-time
Investments and other assets InvestmentsAndOtherNoncurrentAssets $143.47M USD Point-in-time
Total intangible and other assets IntangibleAssetsAndOtherAssetsNoncurrent $4.42B USD Point-in-time
Total intangible and other assets IntangibleAssetsAndOtherAssetsNoncurrent $4.27B USD Point-in-time
Total assets Assets $5.32B USD Point-in-time
Total assets Assets $5.28B USD Point-in-time
Accounts payable AccountsPayableCurrent $83.23M USD Point-in-time
Accounts payable AccountsPayableCurrent $53.88M USD Point-in-time
Compensation EmployeeRelatedLiabilitiesCurrent $52.73M USD Point-in-time
Compensation EmployeeRelatedLiabilitiesCurrent $25.25M USD Point-in-time
Interest InterestPayableCurrent $37.46M USD Point-in-time
Interest InterestPayableCurrent $53.68M USD Point-in-time
Contracts payable for programming rights ProgramRightsObligationsCurrent $91.76M USD Point-in-time
Contracts payable for programming rights ProgramRightsObligationsCurrent $112.06M USD Point-in-time
Other OtherAccruedLiabilitiesCurrent $49.19M USD Point-in-time
Other OtherAccruedLiabilitiesCurrent $49.21M USD Point-in-time
Dividends payable DividendsPayableCurrent $15.15M USD Point-in-time
Dividends payable DividendsPayableCurrent $15.22M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $34.56M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $19.38M USD Point-in-time
Total current liabilities LiabilitiesCurrent $369.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $323.54M USD Point-in-time
Income taxes AccruedIncomeTaxesNoncurrent $13.10M USD Point-in-time
Income taxes AccruedIncomeTaxesNoncurrent $13.62M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $401.73M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $396.85M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.89B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.94B USD Point-in-time
Pension liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $139.38M USD Point-in-time
Pension liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $137.61M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $84.26M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $66.77M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $72.39M USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $3.59B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $3.57B USD Point-in-time
Total liabilities Liabilities $3.94B USD Point-in-time
Total liabilities Liabilities $3.92B USD Point-in-time
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued CommonStockValue $324.42M USD Point-in-time
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued CommonStockValue $324.42M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $262.82M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $301.35M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.49B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.43B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-136.51M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-135.43M USD Point-in-time
Less treasury stock at cost, 108,133,345 shares and 108,660,002 shares, respectively TreasuryStockValue $5.53B USD Point-in-time
Less treasury stock at cost, 108,133,345 shares and 108,660,002 shares, respectively TreasuryStockValue $5.58B USD Point-in-time
Total equity StockholdersEquity $1.41B USD Point-in-time
Total equity StockholdersEquity $1.34B USD Point-in-time
Total equity StockholdersEquity $1.04B USD Point-in-time
Total equity StockholdersEquity $995.04M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.28B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.32B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues Revenues $516.75M USD 1 Quarter
Revenues Revenues $502.09M USD 1 Quarter
Cost of revenues, exclusive of depreciation CostOfGoodsAndServicesSold $281.31M USD 1 Quarter
Cost of revenues, exclusive of depreciation CostOfGoodsAndServicesSold $258.49M USD 1 Quarter
Business units - Selling, general and administrative expenses, exclusive of depreciation SellingGeneralAndAdministrativeExpense $73.62M USD 1 Quarter
Business units - Selling, general and administrative expenses, exclusive of depreciation SellingGeneralAndAdministrativeExpense $71.47M USD 1 Quarter
Corporate - General and administrative expenses, exclusive of depreciation GeneralAndAdministrativeExpense $12.71M USD 1 Quarter
Corporate - General and administrative expenses, exclusive of depreciation GeneralAndAdministrativeExpense $14.73M USD 1 Quarter
Depreciation Depreciation $13.47M USD 1 Quarter
Depreciation Depreciation $14.92M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.69M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $6.78M USD 1 Quarter
Spectrum repacking reimbursements and other SpectrumRepackingReimbursementsAndOther - USD 1 Quarter
Spectrum repacking reimbursements and other SpectrumRepackingReimbursementsAndOther $7.01M USD 1 Quarter
Total CostsAndExpenses $365.07M USD 1 Quarter
Total CostsAndExpenses $384.10M USD 1 Quarter
Operating income OperatingIncomeLoss $132.65M USD 1 Quarter
Operating income OperatingIncomeLoss $137.01M USD 1 Quarter
Equity income (loss) in unconsolidated investments, net IncomeLossFromEquityMethodInvestments $-1.24M USD 1 Quarter
Equity income (loss) in unconsolidated investments, net IncomeLossFromEquityMethodInvestments $12.03M USD 1 Quarter
Interest expense InterestExpense $47.73M USD 1 Quarter
Interest expense InterestExpense $46.38M USD 1 Quarter
Other non-operating items, net OtherNonoperatingIncomeExpense $-1.54M USD 1 Quarter
Other non-operating items, net OtherNonoperatingIncomeExpense $-12.48M USD 1 Quarter
Total NonoperatingIncomeExpense $-61.44M USD 1 Quarter
Total NonoperatingIncomeExpense $-35.90M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $96.75M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $75.57M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $20.39M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $22.77M USD 1 Quarter
Net income NetIncomeLoss $55.19M USD 1 Quarter
Net income NetIncomeLoss $73.98M USD 1 Quarter
Net income per share basic (In dollars per share) EarningsPerShareBasic $0.26 USD 1 Quarter
Net income per share basic (In dollars per share) EarningsPerShareBasic $0.34 USD 1 Quarter
Net income per share diluted (In dollars per share) EarningsPerShareDiluted $0.25 USD 1 Quarter
Net income per share diluted (In dollars per share) EarningsPerShareDiluted $0.34 USD 1 Quarter
Basic shares (in shares) WeightedAverageNumberOfSharesOutstandingBasic 216.28M shares 1 Quarter
Basic shares (in shares) WeightedAverageNumberOfSharesOutstandingBasic 216.71M shares 1 Quarter
Diluted shares (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 216.99M shares 1 Quarter
Diluted shares (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 217.20M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $55.19M USD 1 Quarter
Net income NetIncomeLoss $73.98M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.61M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $20.25M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $3.60M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.43M USD 1 Quarter
Other gains on sales of assets GainLossOnDispositionOfAssets1 $1.01M USD 1 Quarter
Other gains on sales of assets GainLossOnDispositionOfAssets1 $2.88M USD 1 Quarter
Equity income (loss) in unconsolidated investments, net IncomeLossFromEquityMethodInvestments $-1.24M USD 1 Quarter
Equity income (loss) in unconsolidated investments, net IncomeLossFromEquityMethodInvestments $12.03M USD 1 Quarter
Pension contributions, net of expense PensionBenefitExpenseNetOfPensionContributions $-23.07M USD 1 Quarter
Pension contributions, net of expense PensionBenefitExpenseNetOfPensionContributions $-242.00K USD 1 Quarter
Change in other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $5.01M USD 1 Quarter
Change in other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $38.46M USD 1 Quarter
Net cash flow from operating activities NetCashProvidedByUsedInOperatingActivities $51.19M USD 1 Quarter
Net cash flow from operating activities NetCashProvidedByUsedInOperatingActivities $48.41M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.64M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $24.81M USD 1 Quarter
Reimbursements from spectrum repacking ProceedsfromReimbursementofPropertyPlantandEquipment - USD 1 Quarter
Reimbursements from spectrum repacking ProceedsfromReimbursementofPropertyPlantandEquipment $4.13M USD 1 Quarter
Payments for acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $325.90M USD 1 Quarter
Payments for acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $108.87M USD 1 Quarter
Payments for investments PaymentsToAcquireInvestments $1.17M USD 1 Quarter
Payments for investments PaymentsToAcquireInvestments $3.99M USD 1 Quarter
Proceeds from investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $1.01M USD 1 Quarter
Proceeds from investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $618.00K USD 1 Quarter
Proceeds from sale of assets and businesses ProceedsFromSaleOfABusinessAndOtherAssets $1.37M USD 1 Quarter
Proceeds from sale of assets and businesses ProceedsFromSaleOfABusinessAndOtherAssets $20.06M USD 1 Quarter
Net cash flow used for investing activities NetCashProvidedByUsedInInvestingActivities $-338.15M USD 1 Quarter
Net cash flow used for investing activities NetCashProvidedByUsedInInvestingActivities $-110.04M USD 1 Quarter
(Payments) proceeds of borrowings under revolving credit facilities, net ProceedsFromRepaymentsOfOtherLongTermDebt $-30.00M USD 1 Quarter
(Payments) proceeds of borrowings under revolving credit facilities, net ProceedsFromRepaymentsOfOtherLongTermDebt $220.00M USD 1 Quarter
Debt repayments RepaymentsOfLongTermDebt $25.00M USD 1 Quarter
Debt repayments RepaymentsOfLongTermDebt $33.06M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $15.08M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $15.04M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-4.63M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-338.00K USD 1 Quarter
Net cash flow (used for) provided by financing activities NetCashProvidedByUsedInFinancingActivities $167.26M USD 1 Quarter
Net cash flow (used for) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-70.42M USD 1 Quarter
(Decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-132.04M USD 1 Quarter
(Decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-119.70M USD 1 Quarter
Balance of cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $128.04M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $135.86M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.34M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.82M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $128.04M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $135.86M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.34M USD Point-in-time
Balance of cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.82M USD Point-in-time
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Beginning balance StockholdersEquity $1.41B USD Point-in-time
Beginning balance StockholdersEquity $1.34B USD Point-in-time
Beginning balance StockholdersEquity $1.04B USD Point-in-time
Beginning balance StockholdersEquity $995.04M USD Point-in-time
Net Income NetIncomeLoss $55.19M USD 1 Quarter
Net Income NetIncomeLoss $73.98M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.08M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $5.78M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $75.06M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $60.96M USD 1 Quarter
Cumulative effects of accounting changes CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-3.72M USD Point-in-time
Dividends declared DividendsCommonStockCash $15.14M USD 1 Quarter
Dividends declared DividendsCommonStockCash $15.09M USD 1 Quarter
Stock-based awards activity StockIssuedDuringPeriodValueStockOptionsExercised $-4.63M USD 1 Quarter
Stock-based awards activity StockIssuedDuringPeriodValueStockOptionsExercised $-338.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.60M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.43M USD 1 Quarter
Other activity StockholdersEquityOther $-483.00K USD 1 Quarter
Other activity StockholdersEquityOther $-313.00K USD 1 Quarter
Ending balance StockholdersEquity $1.41B USD Point-in-time
Ending balance StockholdersEquity $1.34B USD Point-in-time
Ending balance StockholdersEquity $1.04B USD Point-in-time
Ending balance StockholdersEquity $995.04M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $55.19M USD 1 Quarter
Net income NetIncomeLoss $73.98M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $14.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $202.00K USD 1 Quarter
Recognition of previously deferred post-retirement benefit plan costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-1.43M USD 1 Quarter
Recognition of previously deferred post-retirement benefit plan costs OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax $-1.25M USD 1 Quarter
Pension lump-sum payment charge OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax $-6.30M USD 1 Quarter
Pension lump-sum payment charge OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansOtherAdjustmentsBeforeTax - USD 1 Quarter
Other comprehensive income, before tax OtherComprehensiveIncomeLossBeforeTax $1.44M USD 1 Quarter
Other comprehensive income, before tax OtherComprehensiveIncomeLossBeforeTax $7.75M USD 1 Quarter
Income tax effect related to components of other comprehensive income OtherComprehensiveIncomeLossTax $360.00K USD 1 Quarter
Income tax effect related to components of other comprehensive income OtherComprehensiveIncomeLossTax $1.98M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.08M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $5.78M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $75.06M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $60.96M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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