10-K Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0000950170-22-002187`
Period End Date	20211231
Filing Date	20220228
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	nxst-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 96 Cash Flow Statement 176 Stockholders Equity 42

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.92M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.87M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.61M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$15.63M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $23,129 and $34,922, respectively	`AccountsReceivableNetCurrent`	$904.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $23,129 and $34,922, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$185.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.87M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Goodwill	`Goodwill`	$2.98B	USD	Point-in-time
Goodwill	`Goodwill`	$3.05B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.94B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.72B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.33B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$4.52M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$45.25M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$418.20M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$396.19M	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$47.17M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$21.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$218.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.18M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$76.88M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$105.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$307.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$315.95M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$42.84M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$35.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$56.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$42.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$787.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$730.89M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.37B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.65B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.73B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.67B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$523.28M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$815.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of December 31, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of December 31, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.36B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$141.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.49B	USD	Point-in-time
Treasury stock - at cost; 6,534,034 and 4,034,635 shares as of December 31, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$367.13M	USD	Point-in-time
Treasury stock - at cost; 6,534,034 and 4,034,635 shares as of December 31, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$806.99M	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.85B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$7.09M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$18.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.26B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.40B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$36.71M	USD	Annual
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$11.72M	USD	Annual
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$5.01M	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.50B	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.04B	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.65B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.72B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.35B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.86B	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$912.06M	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$1.02B	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$729.98M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$121.07M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$85.02M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$137.49M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$300.91M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$200.32M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$279.71M	USD	Annual
Depreciation of property and equipment	`Depreciation`	$166.56M	USD	Annual
Depreciation of property and equipment	`Depreciation`	$123.38M	USD	Annual
Depreciation of property and equipment	`Depreciation`	$147.69M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$70.36M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$19.73M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$57.26M	USD	Annual
Assets held for sale impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$23.05M	USD	Annual
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	Annual
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$96.09M	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.75M	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.47M	USD	Annual
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	Annual
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.77M	USD	Annual
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$3.47B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$2.38B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$3.13B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.38B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.18B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$655.13M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$124.58M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$17.93M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$70.15M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-335.30M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-304.35M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-282.65M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-50.74M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.21M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-10.30M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-46.01M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-80.94M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-15.60M	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.73M	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-944.00K	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-684.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$373.32M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.10B	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09B	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$262.88M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$296.51M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$137.03M	USD	Annual
Net income	`ProfitLoss`	$236.29M	USD	Annual
Net income	`ProfitLoss`	$808.06M	USD	Annual
Net income	`ProfitLoss`	$830.44M	USD	Annual
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.38M	USD	Annual
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.04M	USD	Annual
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.13M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$834.57M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$230.26M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$811.44M	USD	Annual
Basic	`EarningsPerShareBasic`	$18.06	USD	Annual
Basic	`EarningsPerShareBasic`	$5.01	USD	Annual
Basic	`EarningsPerShareBasic`	$19.81	USD	Annual
Diluted	`EarningsPerShareDiluted`	$18.98	USD	Annual
Diluted	`EarningsPerShareDiluted`	$17.37	USD	Annual
Diluted	`EarningsPerShareDiluted`	$4.80	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.13M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.99M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.92M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.72M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.98M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.92M	shares	Annual
Net income	`ProfitLoss`	$236.29M	USD	Annual
Net income	`ProfitLoss`	$808.06M	USD	Annual
Net income	`ProfitLoss`	$830.44M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax expense of $36,710 in 2021, $5,007 in 2020, and $11,723 in 2019	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$14.61M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax expense of $36,710 in 2021, $5,007 in 2020, and $11,723 in 2019	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$107.14M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax expense of $36,710 in 2021, $5,007 in 2020, and $11,723 in 2019	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$34.17M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$822.67M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$937.58M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$270.46M	USD	Annual
Total comprehensive (income) loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.38M	USD	Annual
Total comprehensive (income) loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.13M	USD	Annual
Total comprehensive (income) loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.04M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$264.43M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$941.71M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$826.05M	USD	Annual

Cash Flow Statement 176 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$236.29M	USD	Annual
Net income	`ProfitLoss`	$808.06M	USD	Annual
Net income	`ProfitLoss`	$830.44M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$300.91M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$200.32M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$279.71M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$121.07M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$85.02M	USD	Annual
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$137.49M	USD	Annual
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$288.34M	USD	Point-in-time
Depreciation of property and equipment	`Depreciation`	$166.56M	USD	Annual
Depreciation of property and equipment	`Depreciation`	$123.38M	USD	Annual
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$282.83M	USD	Point-in-time
Depreciation of property and equipment	`Depreciation`	$147.69M	USD	Annual
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	Annual
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Assets held for sale impairment	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$23.05M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$48.27M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$38.62M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$46.70M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$12.97M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$9.75M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$30.05M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$11.58M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$14.98M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$17.23M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-50.74M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.21M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-10.30M	USD	Annual
(Gain) loss on asset disposal, net	`GainLossOnDispositionOfAssets`	$6.21M	USD	Annual
(Gain) loss on asset disposal, net	`GainLossOnDispositionOfAssets`	$-4.78M	USD	Annual
(Gain) loss on asset disposal, net	`GainLossOnDispositionOfAssets`	$-3.98M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.17M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$43.64M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.54M	USD	Annual
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$96.09M	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.75M	USD	Annual
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.47M	USD	Annual
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	Annual
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-2.77M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$70.36M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$19.73M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$57.26M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$193.59M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$167.38M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$100.63M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$124.58M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$17.93M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$70.15M	USD	Annual
Unrealized gain on an equity investment measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$4.92M	USD	Annual
Loss on write-off of an equity investment	`ImpairmentOfInvestments`	$7.00M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$223.68M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$239.47M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$15.26M	USD	Annual
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$53.00K	USD	Annual
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.64M	USD	Annual
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.40M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.05M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.18M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$118.60M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.46M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.34M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.96M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$5.25M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-13.62M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-35.18M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$49.90M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$53.67M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.71M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$40.54M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-83.75M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$4.29M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-172.67M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-48.30M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-11.27M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-73.33M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-18.12M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-118.30M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$417.47M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.25B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.21B	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$217.04M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.76M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$197.51M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$138.37M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.88B	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$386.38M	USD	Annual
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	Annual
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$2.51M	USD	Annual
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$1.35B	USD	Annual
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$13.50M	USD	Annual
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$57.26M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$19.73M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$70.36M	USD	Annual
Collection of (payment for) investment in a loan receivable	`PaymentsForProceedsFromLoansReceivable`	$2.50M	USD	Annual
Collection of (payment for) investment in a loan receivable	`PaymentsForProceedsFromLoansReceivable`	$-48.88M	USD	Annual
Collection of (payment for) investment in a loan receivable	`PaymentsForProceedsFromLoansReceivable`	$49.01M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.58M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.45M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.64M	USD	Annual
Acquisition of investments in equity securities	`PaymentsToAcquireInvestments`	$7.00M	USD	Annual
Distribution from an equity investment - return of capital	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.21M	USD	Annual
Distribution from an equity investment - return of capital	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.66M	USD	Annual
Deconsolidation of the cash of Marshall	`CashDivestedFromDeconsolidation`	$5.01M	USD	Annual
Other investing activities, net	`OtherInvestingActivitiesNet`	$947.00K	USD	Annual
Other investing activities, net	`OtherInvestingActivitiesNet`	$-1.46M	USD	Annual
Other investing activities, net	`OtherInvestingActivitiesNet`	$452.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70B	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-232.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.75M	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$321.00M	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$5.52B	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$1.33B	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$2.18B	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$902.22M	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$590.18M	USD	Annual
Premium paid on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$25.32M	USD	Annual
Premium paid on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$10.09M	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$10.74M	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$72.05M	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$953.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$536.80M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$281.90M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$45.12M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$82.82M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$118.21M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$101.04M	USD	Annual
Payments for finance lease	`FinanceLeasePrincipalPayments`	$1.01M	USD	Annual
Payments for finance lease	`FinanceLeasePrincipalPayments`	$833.00K	USD	Annual
Payments for finance lease	`FinanceLeasePrincipalPayments`	$902.00K	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$13.64M	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$17.07M	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$8.34M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.78M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.88M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.81M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.40M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.25M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.82M	USD	Annual
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$6.39M	USD	Annual
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$1.94M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$804.00K	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$49.00K	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$300.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.29B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.39B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-945.56M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-79.37M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$103.56M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.19M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.49M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.49M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$250.66M	USD	Annual
Interest paid	`InterestPaidNet`	$324.35M	USD	Annual
Interest paid	`InterestPaidNet`	$273.20M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$315.05M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$351.71M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$319.85M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$5.85M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$7.04M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$25.70M	USD	Annual
Noncash purchases of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$20.34M	USD	Annual
Noncash purchases of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$5.10M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$45.04M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$125.50M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$30.98M	USD	Annual
Relinquishment of spectrum asset and derecognition of liability to surrender spectrum asset	`RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset`	$77.96M	USD	Annual
Relinquishment of spectrum asset and derecognition of liability to surrender spectrum asset	`RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset`	$52.00M	USD	Annual

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$2.24	USD	Annual
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$2.80	USD	Annual
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.80	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$45.12M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$281.90M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$536.80M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$48.27M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$46.70M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.62M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-1.96M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-7.41M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-2.64M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$101.04M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$82.82M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$118.21M	USD	Annual
Noncontrolling interest from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$6.20M	USD	Annual
Change in reporting entity resulting from common control transactions (Note 3)	`StockholdersEquityChangeInReportingEntity`	$-6.42M	USD	Annual
Purchase of noncontrolling interest from a consolidated variable interest entity and Payments resulting from common control transactions (Note 3)	`MinorityInterestDecreaseFromRedemptions`	$6.50M	USD	Annual
Purchase of noncontrolling interest from a consolidated variable interest entity and Payments resulting from common control transactions (Note 3)	`MinorityInterestDecreaseFromRedemptions`	$2.13M	USD	Annual
Deconsolidation of a variable interest entity	`NoncontrollingInterestDecreaseFromDeconsolidation`	$11.03M	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$804.00K	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$49.00K	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$337.00K	USD	Annual
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$-1.34M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$14.61M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$107.14M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$34.17M	USD	Annual
Net income (loss)	`ProfitLoss`	$236.29M	USD	Annual
Net income (loss)	`ProfitLoss`	$808.06M	USD	Annual
Net income (loss)	`ProfitLoss`	$830.44M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time

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