10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-008953`
Period End Date	20220331
Filing Date	20220510
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	nxst-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 44 Cash Flow Statement 70 Stockholders Equity 25

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.80M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.20M	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
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$15.60M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$15.60M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $25.8 and $23.1, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $25.8 and $23.1, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$123.50M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$185.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.48B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.50B	USD	Point-in-time
Goodwill	`Goodwill`	$3.05B	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`	6.66M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.64B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.72B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.06B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.22B	USD	Point-in-time
Total assets	`Assets`	$13.09B	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$45.30M	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$45.30M	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$396.20M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$395.70M	USD	Point-in-time
Total assets	`Assets`	$13.09B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$55.30M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$47.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.70M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$73.70M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$76.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$278.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$315.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$43.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$42.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$62.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$56.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$787.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$733.50M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.21B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.37B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.73B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.72B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$523.30M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$510.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of March 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of March 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.27B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$141.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$141.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.42B	USD	Point-in-time
Treasury stock - at cost; 6,655,759 and 6,534,034 shares as of March 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$807.00M	USD	Point-in-time
Treasury stock - at cost; 6,655,759 and 6,534,034 shares as of March 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$913.60M	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders' equity	`StockholdersEquity`	$2.92B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders' equity	`StockholdersEquity`	$2.85B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$7.10M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$6.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.92B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.26B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.09B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.11B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.21B	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$490.00M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$449.30M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$247.80M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$243.40M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$30.90M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$27.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$77.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.70M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.50M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.10M	USD	1 Quarter
Other	`OtherOperatingIncomeExpenseNet`	$7.80M	USD	1 Quarter
Other	`OtherOperatingIncomeExpenseNet`	$1.70M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$880.70M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$829.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$329.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$284.90M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$37.70M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$29.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-69.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-72.10M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-10.90M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-17.70M	USD	1 Quarter
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.40M	USD	1 Quarter
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-4.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$303.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$258.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$59.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$52.50M	USD	1 Quarter
Net income	`ProfitLoss`	$251.40M	USD	1 Quarter
Net income	`ProfitLoss`	$199.20M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-200.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.70M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$200.90M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$251.60M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$6.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.99	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.30M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.00M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$251.40M	USD	1 Quarter
Net income	`ProfitLoss`	$199.20M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$77.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.70M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$30.90M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$27.80M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.50M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$13.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$11.60M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.40M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.30M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$45.60M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$33.40M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$37.70M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$29.80M	USD	1 Quarter
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$177.70M	USD	1 Quarter
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$193.00M	USD	1 Quarter
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$6.50M	USD	1 Quarter
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.80M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-37.40M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-31.30M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$57.30M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$62.90M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-13.20M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-19.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$448.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$518.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.10M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.50M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-9.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.80M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfDebt`	$80.30M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfDebt`	$159.50M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$121.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$158.10M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$37.10M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$30.40M	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.80M	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.10M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.80M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.70M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-238.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-361.20M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$187.10M	USD	1 Quarter
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$135.30M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$341.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$341.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$82.10M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$78.40M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$3.20M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$5.50M	USD	1 Quarter
Accrued and noncash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$11.00M	USD	1 Quarter
Accrued and noncash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$5.20M	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$12.50M	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$20.50M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.92B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.66M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$121.00M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$158.10M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.10M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.60M	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-5.30M	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-3.90M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$30.40M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$37.10M	USD	1 Quarter
Other	`StockIssuedDuringPeriodValueOther`	$-1.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$251.40M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$199.20M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.92B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.66M	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.