10-K Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000950170-23-005209`
Period End Date	20221231
Filing Date	20230228
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	nxst-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 87 Cash Flow Statement 142 Stockholders Equity 47

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.40M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$204.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.90M	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
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`	$15.60M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $18.4 and $23.1, respectively	`AccountsReceivableNetCurrent`	$1.08B	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
Accounts receivable, net of allowance for credit losses of $18.4 and $23.1, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	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`	$194.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.40M	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`	$138.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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`	$1.61B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.26B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.28M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Goodwill	`Goodwill`	$3.05B	USD	Point-in-time
Common stock, shares outstanding	`SharesOutstanding`	36.81M	shares	Point-in-time
Goodwill	`Goodwill`	$2.96B	USD	Point-in-time
Goodwill	`Goodwill`	$2.96B	USD	Point-in-time
Common stock, shares outstanding	`SharesOutstanding`	40.76M	shares	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	10.47M	shares	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`	$2.43B	USD	Point-in-time
Total assets	`Assets`	$12.68B	USD	Point-in-time
Total assets	`Assets`	$13.26B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.22B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.12B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$45.30M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$236.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$377.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.91B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$396.20M	USD	Point-in-time
Total assets	`Assets`	$12.68B	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`	$197.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.20M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$76.90M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$151.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$315.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$319.50M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$49.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$42.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$56.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$893.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$787.30M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.37B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$6.83B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.73B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.61B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$583.60M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$523.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.41B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.91B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	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, 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 December 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value, 100,000,000 shares authorized; 47,282,823 shares issued, 36,810,186 shares outstanding as of December 31, 2022 and 47,291,463 shares issued, 40,757,429 shares outstanding as of December 31, 2021	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock - $0.01 par value, 100,000,000 shares authorized; 47,282,823 shares issued, 36,810,186 shares outstanding as of December 31, 2022 and 47,291,463 shares issued, 40,757,429 shares outstanding as of December 31, 2021	`CommonStockValue`	$500.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.29B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.31B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$26.90M	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`	$3.03B	USD	Point-in-time
Treasury stock - at cost; 10,472,637 and 6,534,034 shares as of December 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.61B	USD	Point-in-time
Treasury stock - at cost; 10,472,637 and 6,534,034 shares as of December 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$807.00M	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.85B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.74B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$28.30M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$7.10M	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`	$2.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.77B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.68B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.26B	USD	Point-in-time

Income Statement 87 line items

Line Item	Tag	Value	Unit	Period
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$39.30M	USD	Annual
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-5.00M	USD	Annual
Change in unrecognized amounts included in pension and postretirement obligations, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-36.70M	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.65B	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.21B	USD	Annual
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.50B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$2.00B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.86B	USD	Annual
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.72B	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$1.10B	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$912.10M	USD	Annual
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$1.02B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$564.90M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$662.10M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$588.60M	USD	Annual
Goodwill and other long-lived asset impairments	`GoodwillAndOtherLongLivedAssetImpairments`	$23.00M	USD	Annual
Goodwill and other long-lived asset impairments	`GoodwillAndOtherLongLivedAssetImpairments`	$132.90M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$19.70M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$2.80M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$57.30M	USD	Annual
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.80M	USD	Annual
Other	`OtherOperatingIncomeExpenseNet`	$-5.50M	USD	Annual
Other	`OtherOperatingIncomeExpenseNet`	$-3.50M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$3.47B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$3.90B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$3.13B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.18B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.38B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.31B	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$55.60M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$70.20M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$124.60M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$153.40M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-336.60M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-282.70M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-335.30M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.90M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.20M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-50.70M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-80.90M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-46.00M	USD	Annual
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-43.10M	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.70M	USD	Annual
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-7.60M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09B	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.10B	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.22B	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$262.90M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$273.60M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$296.50M	USD	Annual
Net income	`ProfitLoss`	$808.10M	USD	Annual
Net income	`ProfitLoss`	$943.50M	USD	Annual
Net income	`ProfitLoss`	$830.40M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.40M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-27.60M	USD	Annual
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.10M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$971.10M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$811.50M	USD	Annual
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$834.50M	USD	Annual
Basic	`EarningsPerShareBasic`	$18.06	USD	Annual
Basic	`EarningsPerShareBasic`	$24.68	USD	Annual
Basic	`EarningsPerShareBasic`	$19.81	USD	Annual
Diluted	`EarningsPerShareDiluted`	$24.16	USD	Annual
Diluted	`EarningsPerShareDiluted`	$18.98	USD	Annual
Diluted	`EarningsPerShareDiluted`	$17.37	USD	Annual
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.13M	shares	Annual
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.92M	shares	Annual
Basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.35M	shares	Annual
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.98M	shares	Annual
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.19M	shares	Annual
Diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.72M	shares	Annual
Net income	`ProfitLoss`	$808.10M	USD	Annual
Net income	`ProfitLoss`	$943.50M	USD	Annual
Net income	`ProfitLoss`	$830.40M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax benefit (expense) of $39.2 in 2022, ($36.7) in 2021, and ($5.0) in 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$14.60M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax benefit (expense) of $39.2 in 2022, ($36.7) in 2021, and ($5.0) in 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$107.10M	USD	Annual
Change in unrecognized amounts included in pension and other postretirement benefit obligations, net of tax benefit (expense) of $39.2 in 2022, ($36.7) in 2021, and ($5.0) in 2020	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-114.40M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$937.50M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$829.10M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$822.70M	USD	Annual
Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.10M	USD	Annual
Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.40M	USD	Annual
Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-27.60M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$856.70M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$826.10M	USD	Annual
Total comprehensive income attributable to Nexstar Media Group, Inc.	`ComprehensiveIncomeNetOfTax`	$941.60M	USD	Annual

Cash Flow Statement 142 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$808.10M	USD	Annual
Net income	`ProfitLoss`	$943.50M	USD	Annual
Net income	`ProfitLoss`	$830.40M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$564.90M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$662.10M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$588.60M	USD	Annual
Goodwill and other long-lived asset impairments	`ImpairmentOfGoodwillAndOtherLongLivedAssets`	$132.90M	USD	Annual
Goodwill and other long-lived asset impairments	`ImpairmentOfGoodwillAndOtherLongLivedAssets`	$23.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$48.30M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$61.60M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$46.70M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$17.20M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$14.90M	USD	Annual
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$13.00M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.90M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.20M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-50.70M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.20M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$43.60M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$102.60M	USD	Annual
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.80M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$19.70M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$2.80M	USD	Annual
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$57.30M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$244.30M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$167.40M	USD	Annual
Payments for broadcast rights	`PaymentsForBroadcastRights`	$193.60M	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$55.60M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$70.20M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$124.60M	USD	Annual
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$153.40M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$239.50M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$249.60M	USD	Annual
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$223.70M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.60M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$108.80M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.10M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.50M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-13.60M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.20M	USD	Annual
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-35.20M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-49.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$53.70M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-83.70M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-18.80M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.30M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-11.30M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-48.30M	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.30M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-73.30M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-52.60M	USD	Annual
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-118.30M	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$9.60M	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$-1.20M	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$-11.30M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.25B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.21B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.40B	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$217.00M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.30M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.70M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$241.80M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.60M	USD	Annual
Proceeds from disposals of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.60M	USD	Annual
Cash acquired on business acquisition	`CashAcquiredFromAcquisition`	$28.90M	USD	Annual
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$10.00M	USD	Annual
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$13.50M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$19.70M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$57.30M	USD	Annual
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$2.80M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$138.40M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$386.40M	USD	Annual
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$2.50M	USD	Annual
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	Annual
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	Annual
Collection of investment in loans receivable	`PaymentsForProceedsFromLoansReceivable`	$-49.00M	USD	Annual
Collection of investment in loans receivable	`PaymentsForProceedsFromLoansReceivable`	$-2.50M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.10M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	Annual
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$125.20M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-232.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.80M	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$2.48B	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$1.33B	USD	Annual
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$321.00M	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$2.18B	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$2.96B	USD	Annual
Repayments of long-term debt	`RepaymentsOfDebt`	$590.20M	USD	Annual
Premium paid on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$25.30M	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$10.70M	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$800.00K	USD	Annual
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$900.00K	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$536.80M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$880.70M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$281.90M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$101.00M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$142.20M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$118.20M	USD	Annual
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$800.00K	USD	Annual
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$30.40M	USD	Annual
Contribution from noncontrolling interests	`ProceedsFromMinorityShareholders`	$300.00K	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$16.30M	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$13.60M	USD	Annual
Payments for capitalized software obligations	`PaymentsForCapitalizedSoftwareObligations`	$17.00M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.60M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.90M	USD	Annual
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.80M	USD	Annual
Payments for contingent consideration in connection with a past acquisition	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$13.90M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$700.00K	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.90M	USD	Annual
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$7.20M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.51B	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-945.50M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.29B	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-79.40M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$13.20M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.20M	USD	Annual
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`	$219.70M	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`	$248.70M	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`	$219.70M	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`	$248.70M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$324.30M	USD	Annual
Interest paid	`InterestPaidNet`	$330.10M	USD	Annual
Interest paid	`InterestPaidNet`	$273.20M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$351.70M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$319.90M	USD	Annual
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$369.90M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$27.30M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$10.90M	USD	Annual
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$9.90M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$31.00M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$45.00M	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$49.50M	USD	Annual
Relinquishment of spectrum asset and derecognition of liability to surrender spectrum asset	`RelinquishmentOfSpectrumAssetAndDerecognitionOfLiabilityToSurrenderSpectrumAsset`	$78.00M	USD	Annual

Stockholders Equity 47 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`	$3.60	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.77B	USD	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.28M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	10.47M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$536.80M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$880.70M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$281.90M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$48.30M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$46.70M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$61.60M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-1.90M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-4.50M	USD	Annual
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-2.60M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$142.20M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$101.00M	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$118.20M	USD	Annual
Noncontrolling interest from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$24.90M	USD	Annual
Distribution to a noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$6.50M	USD	Annual
Change in reporting entity resulting from common control transactions (Note 3)	`ChangeInReportingEntityResultingFromCommonControlTransactions`	$-6.40M	USD	Annual
Payments resulting from common control transactions (Note 3)	`MinorityInterestDecreaseFromRedemptions`	$2.10M	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$800.00K	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$300.00K	USD	Annual
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$30.40M	USD	Annual
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$1.40M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$14.60M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$107.10M	USD	Annual
Change in pension and other postretirement benefit obligations, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-114.40M	USD	Annual
Other	`StockIssuedDuringPeriodValueOther`	$-300.00K	USD	Annual
Other, shares	`StockIssuedDuringPeriodSharesOther`	8,640.00	shares	Annual
Net income (loss)	`ProfitLoss`	$808.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$943.50M	USD	Annual
Net income (loss)	`ProfitLoss`	$830.40M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.77B	USD	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Balance, Shares	`CommonStockSharesIssued`	47.28M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.53M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	10.47M	shares	Point-in-time

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