10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-051920`
Period End Date	20200930
Filing Date	20201106
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	nxst-10q_20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 98 Cash Flow Statement 123 Stockholders Equity 43

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.20M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$29.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$409.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$232.07M	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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.61M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $29,082 and $17,205, respectively	`AccountsReceivableNetCurrent`	$782.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $29,082 and $17,205, respectively	`AccountsReceivableNetCurrent`	$883.92M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	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 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`	$132.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.34B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.35B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.29B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Goodwill	`Goodwill`	$2.86B	USD	Point-in-time
Goodwill	`Goodwill`	$3.00B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.86B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.92B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	3.26M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.26B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.96B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$727.35M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$664.40M	USD	Point-in-time
Total assets	`Assets`	$13.99B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$4.52M	USD	Point-in-time
Total assets	`Assets`	$13.29B	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroup`	$240.52M	USD	Point-in-time
Investments	`LongTermInvestments`	$1.31B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.48B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$360.06M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$451.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.04B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.94B	USD	Point-in-time
Total assets	`Assets`	$13.99B	USD	Point-in-time
Total assets	`Assets`	$13.29B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$22.92M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$109.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$161.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.37M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$120.17M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$111.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$279.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$422.51M	USD	Point-in-time
Liability to surrender spectrum asset	`LiabilityToSurrenderSpectrumCurrent`	$77.96M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$35.04M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$34.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$18.73M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$47.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$671.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$947.56M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$8.38B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.86B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.69B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.71B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$894.75M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$818.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.04B	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 September 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 September 30, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.35B	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`	$778.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.15B	USD	Point-in-time
Treasury stock - at cost; 3,256,448 and 1,541,675 shares as of September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$286.70M	USD	Point-in-time
Treasury stock - at cost; 3,256,448 and 1,541,675 shares as of September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$121.39M	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`	$2.23B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$22.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$20.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	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`	$1.95B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.29B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$13.99B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.12B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.94B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.12B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$663.58M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$423.09M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$322.33M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.28B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$911.23M	USD	3 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$469.50M	USD	3 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$226.54M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$183.08M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$638.17M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$104.92M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$18.45M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$46.75M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.97M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.27M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$209.36M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$115.54M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$42.44M	USD	1 Quarter
Depreciation	`Depreciation`	$107.79M	USD	3 Qtrs
Depreciation	`Depreciation`	$29.36M	USD	1 Quarter
Depreciation	`Depreciation`	$84.89M	USD	3 Qtrs
Depreciation	`Depreciation`	$36.61M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$51.35M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$20.42M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$54.02M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$12.87M	USD	1 Quarter
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	1 Quarter
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	3 Qtrs
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$96.61M	USD	1 Quarter
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$96.61M	USD	3 Qtrs
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	3 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	3 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$2.28B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.54B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$541.96M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$774.61M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$398.63M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$343.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$844.87M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$121.61M	USD	1 Quarter
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$3.22M	USD	1 Quarter
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$41.35M	USD	3 Qtrs
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$2.06M	USD	3 Qtrs
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$15.86M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-260.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-77.27M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-93.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-197.52M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-37.37M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-44.85M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.72M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-32.28M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-5.38M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-10.76M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-2.58M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-1.09M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$209.00K	USD	3 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-778.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$612.08M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$254.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$205.04M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$39.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$166.93M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$65.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$82.59M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$122.44M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-5.18M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$189.31M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$445.15M	USD	3 Qtrs
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$669.00K	USD	1 Quarter
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.05M	USD	3 Qtrs
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.37M	USD	1 Quarter
Net loss (income) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.40M	USD	3 Qtrs
Net income (loss) attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$117.05M	USD	3 Qtrs
Net income (loss) attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$-5.85M	USD	1 Quarter
Net income (loss) attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$447.19M	USD	3 Qtrs
Net income (loss) attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$190.68M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.54	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$9.87	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.44	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$9.50	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.98M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.00M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.31M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.92M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.06M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.11M	shares	1 Quarter

Cash Flow Statement 123 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$122.44M	USD	3 Qtrs
Net income	`ProfitLoss`	$-5.18M	USD	1 Quarter
Net income	`ProfitLoss`	$189.31M	USD	1 Quarter
Net income	`ProfitLoss`	$445.15M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.27M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$209.36M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$115.54M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$42.44M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$104.92M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$18.45M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$46.75M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.97M	USD	1 Quarter
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$219.38M	USD	Point-in-time
Transition adjustment amount	`OperatingLeaseRightOfUseAsset`	$235.28M	USD	Point-in-time
Depreciation of property and equipment	`Depreciation`	$107.79M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$29.36M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$84.89M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$36.61M	USD	1 Quarter
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	1 Quarter
Goodwill and intangible assets impairment	`GoodwillAndIntangibleAssetImpairment`	$63.32M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$35.92M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$29.03M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$24.73M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$8.12M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$6.59M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$13.32M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-37.37M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-44.85M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.72M	USD	3 Qtrs
Gain on asset disposal, net	`GainLossOnDispositionOfAssets`	$770.00K	USD	3 Qtrs
Gain on asset disposal, net	`GainLossOnDispositionOfAssets`	$229.00K	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$14.90M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$20.94M	USD	3 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	3 Qtrs
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$96.61M	USD	1 Quarter
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$96.61M	USD	3 Qtrs
Gain on disposal of stations and entities, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	3 Qtrs
Change in the estimated fair value of contingent consideration attributable to a merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$51.35M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$20.42M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$54.02M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$12.87M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$147.21M	USD	3 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$47.15M	USD	3 Qtrs
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$3.22M	USD	1 Quarter
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$41.35M	USD	3 Qtrs
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$2.06M	USD	3 Qtrs
Income on equity investments, net	`IncomeLossFromEquityMethodInvestments`	$15.86M	USD	1 Quarter
Distribution from equity investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$207.00M	USD	3 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.79M	USD	3 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.23M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-93.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-54.63M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.83M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.58M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-11.83M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-95.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-97.59M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-26.58M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.02M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$28.82M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-40.74M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.37M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$877.49M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$315.98M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.22M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$170.15M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$132.28M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.88B	USD	3 Qtrs
Proceeds from sale of stations and entities	`ProceedsFromDivestitureOfBusinesses`	$1.35B	USD	3 Qtrs
Proceeds from sale of stations and entities	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	3 Qtrs
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	3 Qtrs
Spectrum repack reimbursements from the FCC	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$54.02M	USD	3 Qtrs
Spectrum repack reimbursements from the FCC	`ProceedsFromSpectrumRepackReimbursementsFromFCC`	$51.35M	USD	3 Qtrs
Collection of investment in a loan receivable	`ProceedsFromCollectionOfLoansReceivable`	$49.01M	USD	3 Qtrs
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.03M	USD	3 Qtrs
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.03M	USD	3 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$247.00K	USD	3 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$603.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.58B	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$260.36M	USD	3 Qtrs
Proceeds from long-term debt, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$4.83B	USD	3 Qtrs
Proceeds from long-term debt, net of debt discounts	`ProceedsFromIssuanceOfLongTermDebt`	$1.23B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$1.86B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$215.41M	USD	3 Qtrs
Premium paid on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$25.32M	USD	3 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$10.74M	USD	3 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$70.72M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$197.60M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$62.06M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$76.38M	USD	3 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$12.66M	USD	3 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$6.42M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.78M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.81M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.75M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.17M	USD	3 Qtrs
Contribution from a noncontrolling interest	`ProceedsFromPaymentsOfDividendsToMinorityShareholders`	$138.00K	USD	3 Qtrs
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$6.39M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.90M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-960.01M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.46B	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$177.84M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$188.91M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$426.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$334.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$426.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.12M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$334.03M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$290.25M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$178.88M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$68.63M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$201.98M	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$27.68M	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$14.19M	USD	3 Qtrs
Noncash purchases of property and equipment	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$20.34M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$115.58M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$22.89M	USD	3 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.68	USD	3 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.56	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.35	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	3.26M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$197.60M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$125.01M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.27M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.48M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.92M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.03M	USD	3 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$266.00K	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-8.06M	USD	3 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-4.61M	USD	3 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$1.52M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$62.06M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$20.74M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$76.38M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$25.36M	USD	1 Quarter
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$138.00K	USD	3 Qtrs
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$-1.39M	USD	3 Qtrs
Purchase of noncontrolling interest from a consolidated variable interest entity	`MinorityInterestDecreaseFromRedemptions`	$6.50M	USD	3 Qtrs
Noncontrolling interest from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$6.20M	USD	1 Quarter
Noncontrolling interest from a business combination	`NoncontrollingInterestIncreaseFromBusinessCombination`	$6.20M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$122.44M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-5.18M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$189.31M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$445.15M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.87B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	3.26M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	1.54M	shares	Point-in-time

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