Gray Television

Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates television stations and leading digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Gray's owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. The company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. Gray reaches approximately 8.1 percent of total United States television households.

Company Growth (employees)
Type
Public
HQ
Atlanta, US
Founded
1946
Size (employees)
3,700 (est)+6%
Website
gray.tv
Gray Television was founded in 1946 and is headquartered in Atlanta, US

Gray Television Office Locations

Gray Television has an office in Atlanta
Atlanta, US (HQ)
400 4370 Peachtree Rd

Gray Television Data and Metrics

Gray Television Financial Metrics

Gray Television's revenue was reported to be $203.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

203.5 m

Net income (Q1, 2017)

10.5 m

EBIT (Q1, 2017)

43.6 m

Market capitalization (21-Jul-2017)

1.1 b

Cash (31-Mar-2017)

23.5 m
Gray Television's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

346.3 m508.1 m597.4 m812.5 m

Revenue growth, %

47%18%36%

Operating expense total

262.4 m354.4 m457.3 m

EBIT

83.9 m153.8 m140.1 m234.1 m

EBIT margin, %

24%30%23%29%

Interest expense

52.4 m68.9 m74.4 b97.2 m

Pre tax profit

31.4 m79.8 m65.7 b105.7 m

Income tax expense

13.1 m31.7 m26.4 b43.4 m

Net Income

18.3 m48.1 m39.3 m62.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

107.2 m131.7 m133.3 m143.5 m151 b174 b197 b204 b203.5 m

EBIT

23.2 m41.2 m28.1 m38.8 m29.3 b36.1 b53.7 b60.5 b43.6 m

EBIT margin, %

22%31%21%27%19%21%27%30%21%

Pre tax profit

2.5 m22.5 m9.5 m20.2 m10.7 b15.4 b29.6 b584 m17.8 m

Net Income

1.6 m13.9 m5.6 m12.1 m6.6 b9 b17.7 b(213 m)10.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.5 m30.8 m97.3 m325.2 m

Current Assets

130.6 m168.3 m285.5 m536.3 m

PP&E

143.6 m221.8 m234.5 m326.1 m

Goodwill

184.4 m374.4 m423.2 m485.3 m

Total Assets

1.3 b1.9 b2.1 b2.8 b

Accounts Payable

2.3 m4.6 m4.5 m5.3 m

Current Liabilities

63.1 m80 m87.6 m119.4 m

Total Liabilities

2.3 b

Common Stock

483.1 m486.3 m19.3 m658.1 m

Retained Earnings

(251 m)(202.9 m)(163.6 m)(101.4 m)

Total Equity

429.3 m492.9 m

Financial Leverage

5 x5.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

66.1 m79.8 m224.6 m222.2 m81.2 m120.7 m176.3 m230.4 m23.5 m

Current Assets

199 m233.7 m355.8 m360.4 m228.1 m323.2 m397.4 m467.6 m212.2 m

PP&E

191.4 m217.1 m213.8 m210.2 m229.4 m322.8 m320.7 m328.6 m340 m

Goodwill

320.1 m372 m375 m375 m398.2 m484.7 m485.6 m485.6 m571.7 m

Total Assets

1.7 b1.9 b2 b2 b2.1 b2.6 b2.6 b2.7 b2.8 b

Accounts Payable

2.8 m5.3 m6 m3.2 m4.4 m6.1 m3.4 m5.5 m3.4 m

Current Liabilities

69.6 m113.7 m79 m55.4 m91.7 m92.1 m74 m97.6 m92.6 m

Common Stock

485.1 m485.7 m654.4 m654.6 m18.7 m19.9 m20.5 m21.1 m658.9 m

Retained Earnings

(248.1 m)(234.2 m)(197.3 m)(185.2 m)(178.6 m)(154.6 m)(137 m)(137.2 m)(89.8 m)

Total Equity

409.7 m417.2 m438.1 m457 m458.1 m504.1 m

Financial Leverage

5 x5 x5.8 x5.8 x5.9 x5.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

18.3 m48.1 m39.3 m62.3 m

Depreciation and Amortization

336 k8.3 m12 b62.5 m

Accounts Receivable

(7.4 m)(17 m)(15 m)(6.1 m)

Accounts Payable

133 k2.2 m(141 k)518 k

Cash From Operating Activities

60.2 m134.2 m105.6 m206.6 m

Purchases of PP&E

(24.1 m)(32.2 m)(24.2 m)(43.6 m)

Cash From Investing Activities

(60.5 m)(501.9 m)(206.4 m)(479.3 m)

Cash From Financing Activities

2.7 m385 m167.3 m500.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.6 m13.9 m5.6 m12.1 m6.6 b9 b17.7 b(213 m)10.5 m

Depreciation and Amortization

1.2 m3.8 m2.8 m2.7 m3.2 b3.9 b4.2 b4.2 b5.6 m

Accounts Payable

2.8 m5.3 m6 m3.2 m4.4 m6.1 m3.4 m5.5 m3.4 m
USDY, 2017

Revenue/Employee

55 k

Financial Leverage

5.5 x

Gray Television Market Value History

Gray Television Online and Social Media Presence

Gray Television News and Updates

Gray Television Company Life and Culture

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