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.

Type
Public
HQ
Atlanta, US
Founded
1946
Size (employees)
3,700 (est)
Website
gray.tv
Gray Television was founded in 1946 and is headquartered in Atlanta, US
Report incorrect company information

Gray Television Office Locations

Gray Television has an office in Atlanta
Atlanta, US (HQ)
400 4370 Peachtree Rd
Show all (1)
Report incorrect company information

Gray Television Financials and Metrics

Gray Television Revenue

Gray Television's revenue was reported to be $882.73 m in FY, 2017
USD

Revenue (Q1, 2018)

226.3 m

Net income (Q1, 2018)

19.9 m

EBIT (Q1, 2018)

50 m

Market capitalization (18-Jul-2018)

1.4 b

Closing share price (18-Jul-2018)

15.5

Cash (31-Mar-2018)

443.4 m

EV

938.9 m
Gray Television's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

346.3 m508.1 m597.4 m812.5 m882.7 m

Revenue growth, %

47%18%36%

Depreciation and amortization

25.1 m

EBIT

83.9 m153.8 m140.1 m234.1 m291.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

88.3 m91.3 m107.2 m131.7 m133.3 m143.5 m151 b173.7 m196.6 m204.5 m203.5 m226.7 m226.3 m

Depreciation and amortization

5.4 m

EBIT

24.2 m17.4 m23.2 m41.2 m28.1 m38.8 m29.3 m36.1 m53.7 m60.5 m43.6 m142.6 m50 m

EBIT margin, %

27%19%22%31%21%27%0%21%27%30%21%63%22%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

13.5 m30.8 m97.3 m325.2 m462.4 m

Accounts Receivable

Inventories

Current Assets

130.6 m168.3 m285.5 m536.3 m666.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

43.3 m27 m66.1 m79.8 m224.6 m222.2 m81.2 m120.7 m176.3 m230.4 m23.5 m42.4 m443.4 m

Current Assets

130.9 m147.1 m199 m233.7 m355.8 m360.4 m228.1 m323.2 m397.4 m467.6 m212.2 m329.4 m649.6 m

PP&E

135.3 m139.6 m191.4 m217.1 m213.8 m210.2 m229.4 m322.8 m320.7 m328.6 m340 m346.5 m343.2 m

Goodwill

170.5 m184.4 m320.1 m372 m375 m375 m398.2 m484.7 m485.6 m485.6 m571.7 m610.5 m611.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

18.3 m48.1 m39.3 m62.3 m262 m

Depreciation and Amortization

336 k8.3 m12 b62.5 m52 m

Inventories

Accounts Payable

133 k2.2 m(141 k)518 k2.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

7.1 m1.3 m1.6 m13.9 m5.6 m17.7 m24.3 m9 b17.7 b(213 m)10.5 m19.9 m

Depreciation and Amortization

6 m6.7 m8.2 m12.1 m11.6 m23.1 m35.6 m3.9 b4.2 b4.2 b5.6 m19.1 m

Accounts Payable

2.8 m5.3 m6 m(1.4 m)(233 k)6.1 m3.4 m5.5 m3.4 m(4.8 m)

Cash From Operating Activities

32.5 m82.7 m14.4 m
USDY, 2018

EV/EBIT

18.8 x

EV/CFO

65.2 x

Financial Leverage

3.3 x
Show all financial metrics

Gray Television Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

CBS Network Affiliates

24 27 26 26 26 30 35 35 35 36 36 37

NBC Network Affiliates

14 24 24 24 24 22 26 26 26 27 27 29

Secondary Channels

60 80 100

Separate Programming Streams

110 139 139 140 140 150 175 180 180 185 190 200 200
Show all operating metrics
Report incorrect company information

Gray Television Online and Social Media Presence

Embed Graph
Report incorrect company information

Gray Television Company Life and Culture

Report incorrect company information