10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-037661`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	nxst-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 97 Cash Flow Statement 115 Stockholders Equity 40

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.05M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$232.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$664.62M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.61M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.61M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $27,048 and $17,205, respectively	`AccountsReceivableNetCurrent`	$762.93M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $27,048 and $17,205, respectively	`AccountsReceivableNetCurrent`	$883.92M	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
Spectrum asset	`SpectrumAssetCurrent`	$67.17M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$152.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$98.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.35B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.54B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.29B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.58B	USD	Point-in-time
Goodwill	`Goodwill`	$2.88B	USD	Point-in-time
Goodwill	`Goodwill`	$3.00B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.83B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.92B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.97B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	2.00M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.26B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$727.35M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$683.82M	USD	Point-in-time
Total assets	`Assets`	$13.54B	USD	Point-in-time
Total assets	`Assets`	$13.99B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$240.52M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$4.52M	USD	Point-in-time
Investments	`LongTermInvestments`	$1.48B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.31B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$422.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.34B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.94B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$451.70M	USD	Point-in-time
Total assets	`Assets`	$13.54B	USD	Point-in-time
Total assets	`Assets`	$13.99B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$109.31M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$60.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$176.39M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$440.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$541.80M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$83.01M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$873.00K	USD	Point-in-time
Liability to surrender spectrum asset	`LiabilityToSurrenderSpectrumCurrent`	$77.96M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$60.24M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$62.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$947.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$822.33M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.98B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$8.38B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.71B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.70B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$894.75M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$840.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.34B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.94B	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.34B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.35B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$984.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$778.83M	USD	Point-in-time
Treasury stock - at cost; 2,004,823 and 1,541,675 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$121.39M	USD	Point-in-time
Treasury stock - at cost; 2,004,823 and 1,541,675 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$164.85M	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.03B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders equity	`StockholdersEquity`	$2.18B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$21.46M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$22.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.90B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.99B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.54B	USD	Point-in-time

Income Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.01B	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$649.01M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.28B	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$914.63M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$588.91M	USD	2 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$296.04M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$861.70M	USD	2 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$416.64M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$144.06M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$193.24M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$286.42M	USD	2 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$411.63M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$13.94M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$35.74M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$72.95M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$28.30M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$36.36M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$140.09M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.51M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.09M	USD	2 Qtrs
Depreciation	`Depreciation`	$71.18M	USD	2 Qtrs
Depreciation	`Depreciation`	$28.09M	USD	1 Quarter
Depreciation	`Depreciation`	$35.77M	USD	1 Quarter
Depreciation	`Depreciation`	$55.53M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$38.47M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$19.42M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$33.60M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$25.72M	USD	1 Quarter
Loss (gain) on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$-50.00K	USD	1 Quarter
Loss (gain) on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	2 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	2 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	1 Quarter
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	2 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$499.07M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$998.64M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$718.38M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.51B	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$277.02M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$149.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$501.27M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$196.25M	USD	1 Quarter
Income (loss) on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-1.16M	USD	2 Qtrs
Income (loss) on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-665.00K	USD	1 Quarter
Income (loss) on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$25.49M	USD	2 Qtrs
Income (loss) on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$11.33M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-82.25M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-183.53M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-51.36M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-104.32M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.72M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.03M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.48M	USD	2 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-21.52M	USD	2 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-1.40M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-2.80M	USD	2 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-10.76M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-549.00K	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$91.00K	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$91.00K	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$315.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$357.58M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$170.71M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$97.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$37.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$43.09M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$101.75M	USD	2 Qtrs
Net income	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income	`ProfitLoss`	$127.62M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.73M	USD	1 Quarter
Net income	`ProfitLoss`	$255.84M	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-675.00K	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.73M	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.73M	USD	1 Quarter
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.45M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$122.89M	USD	2 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$68.00M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$99.59M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$256.51M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$5.64	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.20	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.68	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.48	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.43	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.57	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.42	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.48M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.94M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.97M	shares	1 Quarter

Cash Flow Statement 115 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income	`ProfitLoss`	$127.62M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.73M	USD	1 Quarter
Net income	`ProfitLoss`	$255.84M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$36.36M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$140.09M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.51M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.09M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$13.94M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$35.74M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$72.95M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$28.30M	USD	2 Qtrs
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$227.01M	USD	Point-in-time
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$235.28M	USD	Point-in-time
Depreciation of property and equipment	`Depreciation`	$71.18M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$28.09M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$35.77M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$55.53M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$23.43M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.76M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$4.18M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$10.37M	USD	2 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$8.96M	USD	2 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$3.87M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.72M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.03M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.48M	USD	2 Qtrs
Gain on asset disposal, net	`GainLossOnDispositionOfAssets`	$808.00K	USD	2 Qtrs
Gain on asset disposal, net	`GainLossOnDispositionOfAssets`	$156.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-6.06M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$11.58M	USD	2 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	2 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	1 Quarter
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$-50.00K	USD	1 Quarter
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	2 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	2 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$38.47M	USD	2 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$19.42M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$33.60M	USD	2 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$25.72M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$28.30M	USD	2 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$100.89M	USD	2 Qtrs
(Income) loss on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-1.16M	USD	2 Qtrs
(Income) loss on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-665.00K	USD	1 Quarter
(Income) loss on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$25.49M	USD	2 Qtrs
(Income) loss on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$11.33M	USD	1 Quarter
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$197.09M	USD	2 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-876.00K	USD	2 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.25M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-109.98M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-330.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$345.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.16M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.13M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.81M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.23M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.26M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-92.20M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-5.31M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.39M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$104.61M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-29.67M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-666.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$717.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$236.40M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$115.66M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.47M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$63.21M	USD	2 Qtrs
Proceeds from sale of stations and entities	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	2 Qtrs
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	2 Qtrs
Spectrum repack reimbursements from the FCC	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$33.60M	USD	2 Qtrs
Spectrum repack reimbursements from the FCC	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$38.47M	USD	2 Qtrs
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$849.00K	USD	2 Qtrs
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$958.00K	USD	2 Qtrs
Proceeds received from corporate-owned life insurance policies	`ProceedsFromLifeInsurancePolicies`	$160.00K	USD	2 Qtrs
Proceeds received from corporate-owned life insurance policies	`ProceedsFromLifeInsurancePolicies`	$486.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.86M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$321.85M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$203.61M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$470.32M	USD	2 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$379.00K	USD	2 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$78.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.59M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$51.02M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$41.32M	USD	2 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$5.01M	USD	2 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$6.30M	USD	2 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.78M	USD	2 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.81M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.48M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$656.00K	USD	2 Qtrs
Contribution from a noncontrolling interest	`ProceedsFromPaymentsOfDividendsToMinorityShareholders`	$138.00K	USD	2 Qtrs
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$6.39M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-264.74M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-606.59M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-65.19M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$432.56M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$681.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.92M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$681.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.92M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$171.35M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$98.10M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$52.42M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$7.69M	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$26.30M	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$23.09M	USD	2 Qtrs
Noncash purchases of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$15.88M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.85M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$114.20M	USD	2 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.56	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.12	USD	2 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	2 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	2.00M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$72.59M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.43M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.76M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.69M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.75M	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-6.13M	USD	2 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$170.00K	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-8.33M	USD	2 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-481.00K	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$51.02M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$20.74M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$41.32M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$25.34M	USD	1 Quarter
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$138.00K	USD	2 Qtrs
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$-1.39M	USD	2 Qtrs
Purchase of noncontrolling interest from a consolidated variable interest entity	`MinorityInterestDecreaseFromRedemptions`	$6.50M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$127.62M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$70.73M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$255.84M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	2.00M	shares	Point-in-time

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