10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-023394`
Period End Date	20220930
Filing Date	20221109
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	nxst-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 94 Cash Flow Statement 104 Stockholders Equity 51

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.10M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.60M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	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
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$15.60M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $33.9 and $23.1, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $33.9 and $23.1, respectively	`AccountsReceivableNetCurrent`	$986.90M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Broadcast rights	`BroadcastRightsCurrent`	$46.40M	USD	Point-in-time
Broadcast rights	`BroadcastRightsCurrent`	$154.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$138.80M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$162.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.67B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Common stock, shares outstanding	`SharesOutstanding`	40.76M	shares	Point-in-time
Common stock, shares outstanding	`SharesOutstanding`	38.28M	shares	Point-in-time
Goodwill	`Goodwill`	$3.05B	USD	Point-in-time
Goodwill	`Goodwill`	$3.05B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	9.01M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.72B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.51B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$13.10B	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.22B	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	-	USD	Point-in-time
Assets held for sale, net	`AssetsHeldForSaleNotPartOfDisposalGroup`	$45.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.15B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$396.20M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$379.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Total assets	`Assets`	$13.10B	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$47.20M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$124.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.10M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$151.60M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$76.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$315.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$344.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$46.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$42.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$22.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$70.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$33.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$915.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$787.30M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.37B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.05B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.71B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.73B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$523.30M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$467.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.15B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of September 30, 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 September 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$500.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.27B	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`	$2.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.20B	USD	Point-in-time
Treasury stock - at cost; 9,013,193 and 6,534,034 shares as of September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$807.00M	USD	Point-in-time
Treasury stock - at cost; 9,013,193 and 6,534,034 shares as of September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.35B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders' equity	`StockholdersEquity`	$2.93B	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`	$22.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.87B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.26B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.10B	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.72B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.40B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.27B	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.50B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$511.10M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.39B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$480.10M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$775.20M	USD	3 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$260.80M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$744.10M	USD	3 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$258.20M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$29.90M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$80.60M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$25.40M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$92.40M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$76.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$223.20M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$75.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$231.90M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$120.70M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$40.20M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$41.30M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$118.60M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$2.80M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$5.60M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$500.00K	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$17.90M	USD	3 Qtrs
Other	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other	`OtherOperatingIncomeExpenseNet`	-	USD	3 Qtrs
Other	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other	`OtherOperatingIncomeExpenseNet`	$2.40M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$913.80M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.71B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$879.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.55B	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$355.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$277.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.02B	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$850.60M	USD	3 Qtrs
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$54.10M	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$54.10M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$36.60M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$77.70M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$20.80M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$110.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-70.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-233.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-212.60M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-88.60M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-53.00M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-17.70M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-32.70M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-11.00M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-10.50M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-10.50M	USD	3 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-4.30M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$764.40M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$971.40M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$235.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$369.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$196.30M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$81.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$206.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$65.90M	USD	1 Quarter
Net income	`ProfitLoss`	$568.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$765.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$169.10M	USD	1 Quarter
Net income	`ProfitLoss`	$287.50M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.50M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.20M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.40M	USD	3 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$570.60M	USD	3 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$169.60M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$767.80M	USD	3 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$288.70M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$19.21	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$4.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$13.42	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$7.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.90	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$12.84	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$7.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$18.81	USD	3 Qtrs
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.52M	shares	3 Qtrs
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.96M	shares	3 Qtrs
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.68M	shares	1 Quarter
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.77M	shares	1 Quarter
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.42M	shares	3 Qtrs
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.82M	shares	3 Qtrs
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.48M	shares	1 Quarter
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.56M	shares	1 Quarter

Cash Flow Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$568.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$765.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$169.10M	USD	1 Quarter
Net income	`ProfitLoss`	$287.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$76.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$223.20M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$75.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$231.90M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$29.90M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$80.60M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$25.40M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$92.40M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$120.70M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$40.20M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$41.30M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$118.60M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$34.30M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$43.40M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$11.20M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$10.00M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$32.10M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.90M	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnSaleOfBusiness`	$-600.00K	USD	3 Qtrs
Loss (gain) on disposal of assets	`GainLossOnSaleOfBusiness`	$8.80M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$2.80M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$5.60M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$500.00K	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$17.90M	USD	3 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$97.10M	USD	3 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$133.00M	USD	3 Qtrs
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$54.10M	USD	1 Quarter
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$54.10M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$36.60M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$77.70M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$20.80M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$110.20M	USD	3 Qtrs
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$234.80M	USD	3 Qtrs
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$222.40M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-80.90M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.80M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-12.60M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-80.10M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.50M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$45.00M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-6.40M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-36.00M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-49.80M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-66.00M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-37.20M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$10.80M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.50M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.19B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$881.60M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.00M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$105.00M	USD	3 Qtrs
Proceeds from sale of real estate and other assets	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$45.00M	USD	3 Qtrs
Proceeds from sale of real estate and other assets	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$16.60M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-138.80M	USD	3 Qtrs
Cash acquired on business acquisition	`CashAcquiredFromAcquisition`	$28.90M	USD	3 Qtrs
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$13.00M	USD	3 Qtrs
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$10.00M	USD	3 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$2.80M	USD	3 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$17.90M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.50M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$600.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-193.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.90M	USD	3 Qtrs
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$321.00M	USD	3 Qtrs
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$2.48B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$454.00M	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$2.73B	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$403.20M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$621.30M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$34.90M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$108.30M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$89.50M	USD	3 Qtrs
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$12.50M	USD	3 Qtrs
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$11.40M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.60M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.90M	USD	3 Qtrs
Payments for contingent consideration in connection with a past acquisition	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$13.90M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.40M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-646.70M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.02B	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$41.10M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$155.70M	USD	3 Qtrs
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`	$362.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.40M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$362.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.50M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$220.30M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$243.00M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$247.40M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$273.40M	USD	3 Qtrs
Accrued and noncash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$9.80M	USD	3 Qtrs
Accrued and noncash purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$8.90M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$28.60M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$41.60M	USD	3 Qtrs

Stockholders Equity 51 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$2.10	USD	3 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$2.70	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	9.01M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$144.30M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$621.30M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$403.20M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$215.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.40M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.30M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.30M	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$300.00K	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-5.60M	USD	3 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$600.00K	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-7.20M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$34.90M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$29.30M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$89.50M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$108.30M	USD	3 Qtrs
Change in reporting entity resulting from common control transactions	`ChangeInReportingEntityResultingFromCommonControlTransactions`	$-6.40M	USD	3 Qtrs
Noncontrolling interests from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$24.20M	USD	1 Quarter
Noncontrolling interests from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$24.20M	USD	3 Qtrs
Distribution to a noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$6.60M	USD	3 Qtrs
Distribution to a noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$100.00K	USD	1 Quarter
Other	`StockIssuedDuringPeriodValueOther`	$-300.00K	USD	3 Qtrs
Other	`StockIssuedDuringPeriodValueOther`	$400.00K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$568.10M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$765.40M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$169.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$287.50M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	9.01M	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.