10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-041546`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	nxst-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 101 Cash Flow Statement 123 Stockholders Equity 45

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.92M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$313.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.70M	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 $21,700 and $34,922, respectively	`AccountsReceivableNetCurrent`	$904.80M	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 $21,700 and $34,922, respectively	`AccountsReceivableNetCurrent`	$895.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.87M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$167.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.59B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Goodwill	`Goodwill`	$2.98B	USD	Point-in-time
Goodwill	`Goodwill`	$2.98B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
FCC licenses	`IndefiniteLivedLicenseAgreements`	$2.91B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.80B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.94B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$640.96M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$688.92M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	5.14M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Investments	`LongTermInvestments`	$1.33B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.19B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$421.96M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$422.72M	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Total assets	`Assets`	$13.29B	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Total assets	`Assets`	$13.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.66B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$33.51M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$21.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$218.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.68M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$105.56M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$74.93M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$307.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$319.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$78.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$70.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$638.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$730.89M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.59B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.65B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.68B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.67B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$754.86M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$815.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.66B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.33B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.36B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$34.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.49B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.82B	USD	Point-in-time
Treasury stock - at cost; 5,135,854 and 4,034,635 shares as of June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$367.13M	USD	Point-in-time
Treasury stock - at cost; 5,135,854 and 4,034,635 shares as of June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$575.72M	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders' equity	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total Nexstar Media Group, Inc. stockholders' equity	`StockholdersEquity`	$2.61B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$18.48M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$15.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.29B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.40B	USD	Point-in-time

Income Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.25B	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.01B	USD	2 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.13B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$914.63M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$861.70M	USD	2 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$462.32M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$416.64M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$911.72M	USD	2 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$242.51M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$485.95M	USD	2 Qtrs
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`	$411.63M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$72.95M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$62.53M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.65M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$35.74M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.51M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$140.09M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$147.50M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.81M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$35.77M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.90M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$79.37M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$71.18M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$6.93M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$38.47M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$12.34M	USD	2 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$25.72M	USD	1 Quarter
(Gain) loss on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$-50.00K	USD	1 Quarter
(Gain) loss on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.46M	USD	2 Qtrs
(Gain) loss on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	2 Qtrs
(Gain) loss on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$14.00K	USD	1 Quarter
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	1 Quarter
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	2 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	1 Quarter
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$718.38M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.67B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.51B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$843.26M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$501.27M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$196.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$288.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$573.25M	USD	2 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$11.33M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$25.49M	USD	2 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$27.12M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$56.92M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-82.25M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-70.13M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-142.18M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-183.53M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.48M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-63.00K	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-17.66M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-21.52M	USD	2 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-35.31M	USD	2 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-10.76M	USD	1 Quarter
Unrealized gain on equity investments measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$7.86M	USD	2 Qtrs
Unrealized gain on equity investments measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$7.86M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$315.00K	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-676.00K	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-253.00K	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-549.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$357.58M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$529.44M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$270.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$101.75M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$130.49M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$37.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$70.76M	USD	1 Quarter
Net income	`ProfitLoss`	$398.95M	USD	2 Qtrs
Net income	`ProfitLoss`	$255.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income	`ProfitLoss`	$199.76M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.45M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-343.00K	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-675.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.06M	USD	2 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$256.51M	USD	2 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$99.59M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$401.01M	USD	2 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$200.10M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$9.34	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$5.64	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$4.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.43	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.51	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$8.93	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.48M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.95M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.90M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.23M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.39M	shares	1 Quarter

Cash Flow Statement 123 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$398.95M	USD	2 Qtrs
Net income	`ProfitLoss`	$255.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income	`ProfitLoss`	$199.76M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.51M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$140.09M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$147.50M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$73.81M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$72.95M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$62.53M	USD	2 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.65M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$35.74M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$35.77M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.90M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$79.37M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$71.18M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$23.43M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$22.02M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$10.37M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$3.41M	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`	$7.41M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.05M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.48M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-63.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.82M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$11.58M	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$8.44M	USD	2 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$808.00K	USD	2 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	1 Quarter
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	2 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$-50.00K	USD	1 Quarter
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.46M	USD	2 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	2 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$14.00K	USD	1 Quarter
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	1 Quarter
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	2 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$6.93M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$38.47M	USD	2 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$12.34M	USD	2 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$25.72M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$92.27M	USD	2 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$100.89M	USD	2 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$11.33M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$25.49M	USD	2 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$27.12M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$56.92M	USD	2 Qtrs
Unrealized gain on equity investments measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$7.86M	USD	2 Qtrs
Unrealized gain on equity investments measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$7.86M	USD	1 Quarter
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$207.38M	USD	2 Qtrs
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$197.09M	USD	2 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$2.94M	USD	2 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.25M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-109.98M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.27M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.16M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.05M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.13M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$4.30M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-76.90M	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`	$1.95M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$104.61M	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-42.15M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-29.67M	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-45.36M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$717.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$595.56M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.90M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$115.66M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.41M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$63.21M	USD	2 Qtrs
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	2 Qtrs
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$2.50M	USD	2 Qtrs
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	2 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursements`	$38.47M	USD	2 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursements`	$12.34M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.15M	USD	2 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$958.00K	USD	2 Qtrs
Collection of investment in a loan receivable	`ProceedsFromCollectionOfLoansReceivable`	$2.50M	USD	2 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$486.00K	USD	2 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$701.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.11M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$321.85M	USD	2 Qtrs
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfDebt`	$298.50M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$353.71M	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$470.32M	USD	2 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$917.00K	USD	2 Qtrs
Payments for debt financing costs	`PaymentsOfFinancingCosts`	$379.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$258.88M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.59M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$60.24M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$51.02M	USD	2 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$9.58M	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`	$10.88M	USD	2 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.78M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.39M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$656.00K	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$451.00K	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$138.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-391.88M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-606.59M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$432.56M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$160.57M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.88M	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`	$681.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.88M	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`	$681.23M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$141.08M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$171.35M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$7.69M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$172.82M	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$8.12M	USD	2 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$26.30M	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`	$33.66M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.85M	USD	2 Qtrs

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.12	USD	2 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.56	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.40	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	5.14M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$137.86M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$258.88M	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$72.59M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.75M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.02M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.43M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.42M	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`	$-2.17M	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-7.50M	USD	2 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$170.00K	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$60.24M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$51.02M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$25.34M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$29.88M	USD	1 Quarter
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$138.00K	USD	2 Qtrs
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$412.00K	USD	1 Quarter
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$451.00K	USD	2 Qtrs
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$-1.39M	USD	2 Qtrs
Change in reporting entity resulting from common control transactions (Note 3)	`StockholdersEquityChangeInReportingEntity`	$-6.42M	USD	2 Qtrs
Change in reporting entity resulting from common control transactions (Note 3)	`StockholdersEquityChangeInReportingEntity`	$-6.42M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$398.95M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$255.84M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$98.14M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$199.76M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.59B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	5.14M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time

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