10-Q Filing

NEXSTAR MEDIA GROUP, INC. CIK: 1142417 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-053847`
Period End Date	20210930
Filing Date	20211103
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	nxst-10q_20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 100 Cash Flow Statement 125 Stockholders Equity 44

Balance Sheet 88 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`	$18.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.70M	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
Accounts receivable, net of allowance for doubtful accounts of $18,907 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 $18,907 and $34,922, respectively	`AccountsReceivableNetCurrent`	$923.00M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$135.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$178.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	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`	$1.31B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.59B	USD	Point-in-time
Goodwill	`Goodwill`	$2.98B	USD	Point-in-time
Goodwill	`Goodwill`	$3.05B	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`	$2.79B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.94B	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.07M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$683.58M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$688.92M	USD	Point-in-time
Investments	`LongTermInvestments`	$1.33B	USD	Point-in-time
Investments	`LongTermInvestments`	$1.19B	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$443.83M	USD	Point-in-time
Total assets	`Assets`	$13.40B	USD	Point-in-time
Total assets	`Assets`	$13.28B	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`	$13.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.65B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$40.72M	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`	$186.63M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$77.59M	USD	Point-in-time
Broadcast rights payable	`BroadcastRightsPayable`	$105.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$311.83M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$307.19M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$35.85M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$42.59M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.66M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$42.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$711.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$730.89M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.65B	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$7.51B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.67B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.70B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$737.43M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$815.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.87B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.65B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of September 30, 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 September 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.36B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.34B	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`	$1.96B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.49B	USD	Point-in-time
Treasury stock - at cost; 6,073,224 and 4,034,635 shares as of September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$715.63M	USD	Point-in-time
Treasury stock - at cost; 6,073,224 and 4,034,635 shares as of September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$367.13M	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`	$2.62B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$14.68M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$18.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.28B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.40B	USD	3 Qtrs
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.12B	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.12B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.28B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$480.06M	USD	1 Quarter
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$1.39B	USD	3 Qtrs
Direct operating expenses, excluding depreciation and amortization	`DirectOperatingCosts`	$423.09M	USD	1 Quarter
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`	$744.14M	USD	3 Qtrs
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$258.19M	USD	1 Quarter
Selling, general and administrative expenses, excluding depreciation and amortization	`SellingGeneralAndAdministrativeExpense`	$638.17M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$92.42M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$104.92M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$29.88M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.97M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$223.23M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$75.73M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$69.27M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$209.36M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$120.73M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$41.35M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$36.61M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$107.79M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$17.93M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$51.35M	USD	3 Qtrs
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$5.58M	USD	1 Quarter
Reimbursement from the FCC related to station repack	`ReimbursementFromFCCRelatedToStationRepack`	$12.87M	USD	1 Quarter
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.46M	USD	3 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	3 Qtrs
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	3 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$774.61M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.55B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$879.63M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.28B	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$277.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$844.87M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$343.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$850.63M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$15.86M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$41.35M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$77.71M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$20.78M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-77.27M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-260.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-70.38M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-212.56M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-44.85M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-37.37M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-856.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.91M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-17.66M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-10.76M	USD	1 Quarter
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-32.28M	USD	3 Qtrs
Pension and other postretirement plans credit, net	`PensionAndOtherPostretirementBenefitExpense`	$-52.97M	USD	3 Qtrs
Unrealized (loss) gain on an equity investment measured at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$5.70M	USD	3 Qtrs
Unrealized (loss) gain on an equity investment measured at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-2.16M	USD	1 Quarter
Loss on write-off of an equity investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$7.00M	USD	1 Quarter
Loss on write-off of an equity investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$7.00M	USD	3 Qtrs
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.09M	USD	1 Quarter
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-1.09M	USD	3 Qtrs
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-778.00K	USD	3 Qtrs
Other expenses, net	`OtherNonoperatingIncomeExpense`	$-414.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$235.01M	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`	$764.45M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$196.34M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$65.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$65.85M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$166.93M	USD	3 Qtrs
Net income	`ProfitLoss`	$169.16M	USD	1 Quarter
Net income	`ProfitLoss`	$568.11M	USD	3 Qtrs
Net income	`ProfitLoss`	$445.15M	USD	3 Qtrs
Net income	`ProfitLoss`	$189.31M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.47M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.37M	USD	1 Quarter
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.05M	USD	3 Qtrs
Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-407.00K	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$570.58M	USD	3 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$447.19M	USD	3 Qtrs
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$169.56M	USD	1 Quarter
Net income attributable to Nexstar Media Group, Inc.	`NetIncomeLoss`	$190.68M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$13.42	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$4.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.24	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$9.87	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.90	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$9.50	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$12.84	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.52M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.31M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.68M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.42M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.06M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.74M	shares	1 Quarter

Cash Flow Statement 125 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$169.16M	USD	1 Quarter
Net income	`ProfitLoss`	$568.11M	USD	3 Qtrs
Net income	`ProfitLoss`	$445.15M	USD	3 Qtrs
Net income	`ProfitLoss`	$189.31M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$223.23M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$75.73M	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 broadcast rights	`AmortizationOfBroadcastRights`	$92.42M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$104.92M	USD	3 Qtrs
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$29.88M	USD	1 Quarter
Amortization of broadcast rights	`AmortizationOfBroadcastRights`	$31.97M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$120.73M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$41.35M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$36.61M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$107.79M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$35.92M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$34.32M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$24.73M	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$4.44M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$13.32M	USD	3 Qtrs
Amortization of debt financing costs, debt discounts and premium	`AmortizationOfFinancingCostsAndDiscounts`	$11.20M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-44.85M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-37.37M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-856.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.91M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.99M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$20.94M	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$770.00K	USD	3 Qtrs
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$8.79M	USD	3 Qtrs
Gain on relinquishment of spectrum	`GainLossOnRelinquishmentOfSpectrum`	$10.79M	USD	3 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$2.46M	USD	3 Qtrs
Gain on disposal of stations and business units, net	`GainLossOnSaleOfBusiness`	$7.03M	USD	3 Qtrs
Change in the estimated fair value of contingent consideration attributable to a past merger	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.93M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$17.93M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$51.35M	USD	3 Qtrs
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$5.58M	USD	1 Quarter
Spectrum repack reimbursements	`ReimbursementFromFCCRelatedToStationRepack`	$12.87M	USD	1 Quarter
Payments for broadcast rights	`PaymentsForBroadcastRights`	$133.04M	USD	3 Qtrs
Payments for broadcast rights	`PaymentsForBroadcastRights`	$147.21M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$15.86M	USD	1 Quarter
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$41.35M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$77.71M	USD	3 Qtrs
Income from equity method investments, net	`IncomeLossFromEquityMethodInvestments`	$20.78M	USD	1 Quarter
Unrealized gain on an equity investment measured at fair value	`EquitySecuritiesFvNiUnrealizedGain`	$5.70M	USD	3 Qtrs
Loss on write-off of an equity investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$7.00M	USD	1 Quarter
Loss on write-off of an equity investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$7.00M	USD	3 Qtrs
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$207.00M	USD	3 Qtrs
Distribution from equity method investments - return on capital	`EquityMethodInvestmentDividendsOrDistributions`	$222.39M	USD	3 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$-1.83M	USD	3 Qtrs
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$213.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-93.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.23M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.78M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-540.00K	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-11.87M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.55M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-95.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-97.59M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-6.36M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.02M	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-49.82M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-66.03M	USD	3 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-40.74M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$877.49M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$881.65M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.98M	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`	$138.78M	USD	3 Qtrs
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$2.51M	USD	3 Qtrs
Proceeds from sale of stations and business units	`ProceedsFromDivestitureOfBusinesses`	$362.80M	USD	3 Qtrs
Deposits received associated with the sale of real estate assets	`ProceedsFromDepositsOnRealEstateSales`	$10.00M	USD	3 Qtrs
Proceeds from resolution of acquired contingency	`ProceedsFromResolutionOfAcquiredContingency`	$98.00M	USD	3 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursements`	$51.35M	USD	3 Qtrs
Spectrum repack reimbursements	`ProceedsFromSpectrumRepackReimbursements`	$17.93M	USD	3 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.03M	USD	3 Qtrs
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.59M	USD	3 Qtrs
Collection of investment in a loan receivable	`ProceedsFromCollectionOfLoansReceivable`	$49.01M	USD	3 Qtrs
Collection of investment in a loan receivable	`ProceedsFromCollectionOfLoansReceivable`	$2.50M	USD	3 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$437.00K	USD	3 Qtrs
Other investing activities, net	`OtherInvestingActivitiesNet`	$603.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-193.79M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$260.36M	USD	3 Qtrs
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfDebt`	$321.00M	USD	3 Qtrs
Proceeds from debt issuance, net of debt discounts	`ProceedsFromIssuanceOfDebt`	$1.23B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$1.86B	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfDebt`	$454.07M	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`	$952.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$197.60M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$403.22M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$76.38M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$89.50M	USD	3 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$13.25M	USD	3 Qtrs
Payments for finance lease and capitalized software obligations	`PaymentsForFinanceLeaseAndCapitalizedSoftwareObligations`	$12.66M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.88M	USD	3 Qtrs
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.78M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.69M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.17M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$451.00K	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$138.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-960.01M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-646.73M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$41.13M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$177.84M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.44M	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`	$426.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$210.44M	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`	$426.52M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$220.31M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$290.25M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$201.98M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$247.40M	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$14.19M	USD	3 Qtrs
Accrued purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$8.87M	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`	$41.65M	USD	3 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$22.89M	USD	3 Qtrs

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$2.10	USD	3 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$1.68	USD	3 Qtrs
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.56	USD	1 Quarter
Common stock dividends declared (per share)	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.07M	shares	Point-in-time
Balance, Shares	`TreasuryStockShares`	4.03M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$197.60M	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$144.35M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$125.01M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$403.22M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.92M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.30M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.48M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.32M	USD	3 Qtrs
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$1.52M	USD	1 Quarter
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`	$306.00K	USD	1 Quarter
Vesting of restricted stock units and exercise of stock options	`VestingOfRestrictedStockUnitsAndExerciseOfStockOptions`	$-7.19M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$25.36M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$29.25M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$76.38M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$89.50M	USD	3 Qtrs
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$451.00K	USD	3 Qtrs
Contribution from a noncontrolling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$138.00K	USD	3 Qtrs
Change in reporting entity resulting from common control transactions (Note 3)	`StockholdersEquityChangeInReportingEntity`	$-6.42M	USD	3 Qtrs
Disposal of an entity	`AdjustmentsToAdditionalPaidInCapitalDisposalOfEntity`	$-1.39M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$169.16M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$568.11M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$445.15M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$189.31M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Balance, Shares	`TreasuryStockShares`	6.07M	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.