Gray Television (GTN) stock price, revenue, and financials

Gray Television market cap is $1.9 b, and annual revenue was $2.38 b in FY 2020

$1.9 B

GTN Mkt cap, 13-May-2022

$2.4 B

Gray Television Revenue FY, 2020
Gray Television Net income (FY, 2020)410 M
Gray Television EBIT (FY, 2020)752 M
Gray Television Cash, 31-Dec-2020773 M
Gray Television EV5.2 B
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Gray Television Income Statement

Annual

USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

307.1m404.8m812.5m882.7m1.1b2.1b2.4b

Revenue growth, %

36%9%23%

Sales and marketing expense

900.0k1.0m

General and administrative expense

14.2m15.9m104.0m65.0m

Operating expense total

14.2m16.8m104.0m66.0m

Depreciation and amortization

16.6m25.1m20.6m195.0m201.0m

EBIT

75.3m153.4m234.1m291.2m388.8m478.0m752.0m

EBIT margin, %

25%38%29%33%36%23%32%

Interest expense

61.8m59.4m97.2m95.3m106.6m212.0m179.0m

Pre tax profit

13.6m47.3m105.7m193.3m287.7m255.0m544.0m

Income tax expense

4.5m19.2m43.4m(68.7m)76.8m76.0m134.0m

Net Income

9.0m28.1m62.3m262.0m210.8m179.0m410.0m

Gray Television Balance Sheet

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.5m9.1m15.1m28.0m45.7m21.0m23.4m43.3m27.0m66.1m79.8m224.6m222.2m81.2m120.7m176.3m230.4m23.5m42.4m172.9m443.4m510.6m550.9m225.0m251.0m326.0m296.0m379.0m467.0m

Accounts Receivable

56.1m56.2m57.8m60.7m61.4m59.0m61.9m59.6m69.4m84.1m95.9m99.4m105.2m110.8m137.8m147.8m149.9m156.8m169.8m166.1m168.2m176.7m180.5m414.0m390.0m402.0m385.0m354.0m384.0m

Prepaid Expenses

3.5m3.3m4.1m3.4m3.0m4.1m3.5m5.2m11.3m11.7m11.1m6.4m11.0m4.4m6.4m19.2m19.8m7.1m5.7m5.1m6.0m4.4m3.7m17.0m33.0m27.0m23.0m18.0m21.0m

Current Assets

68.5m81.2m84.7m97.4m123.0m101.5m103.7m130.9m147.1m199.0m233.7m355.8m360.4m228.1m323.2m397.4m467.6m212.2m329.4m379.6m649.6m722.4m762.0m674.0m683.0m789.0m721.0m759.0m918.0m

PP&E

139.6m137.9m135.4m134.0m135.1m135.1m135.2m135.3m139.6m191.4m217.1m213.8m210.2m229.4m322.8m320.7m328.6m340.0m346.5m352.0m343.2m343.0m343.8m672.0m686.0m695.0m731.0m732.0m726.0m

Goodwill

170.5m170.5m170.5m170.5m170.5m170.5m170.5m170.5m184.4m320.1m372.0m375.0m375.0m398.2m484.7m485.6m485.6m571.7m610.5m611.1m611.1m611.1m614.2m1.4b1.5b1.4b1.4b1.4b1.4b

Total Assets

1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.7b1.9b2.0b2.0b2.1b2.6b2.6b2.7b2.8b3.0b3.0b3.2b3.3b3.3b7.0b7.0b7.1b7.0b7.0b7.2b

Accounts Payable

3.0m3.2m1.7m2.4m2.3m2.0m1.8m1.5m3.2m2.8m5.3m6.0m3.2m4.4m6.1m3.4m5.5m3.4m2.7m4.0m3.1m6.1m5.9m16.0m12.0m13.0m23.0m86.0m79.0m

Dividends Payable

15.9m9.0m13.0m13.0m13.0m13.0m13.0m13.0m

Short-term debt

4.8m4.8m4.8m4.8m4.8m203.0k5.5m6.5m4.3m5.6m6.4m6.4m6.4m37.0m14.0m14.0m14.0m54.0m42.0m52.0m

Current Liabilities

45.4m62.7m55.8m48.7m72.1m50.3m41.0m54.6m70.4m69.6m113.7m79.0m55.4m91.7m92.1m74.0m97.6m92.6m99.2m115.9m100.6m154.2m120.5m268.0m233.0m292.0m243.0m297.0m344.0m

Long-term debt

820.1m819.3m817.5m816.7m815.8m832.9m833.0m833.1m842.4m1.2b1.3b1.2b1.2b1.2b1.6b1.7b1.8b1.7b1.8b1.8b1.8b1.8b1.8b3.9b3.9b3.9b3.8b3.8b3.8b

Total Debt

825.0m824.1m822.4m821.5m820.6m832.9m833.0m833.1m203.0k5.5m6.5m1.2b1.2b1.2b1.6b1.7b1.8b5.6m1.8b1.8b6.4m37.0m1.8b14.0m14.0m14.0m3.8b3.8b3.8b

Total Liabilities

1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.2b1.5b1.7b1.7b1.6b1.7b2.1b2.2b2.3b2.3b2.4b2.4b2.2b2.3b2.2b5.0b5.0b5.1b4.9b4.9b5.0b

Common Stock

485.1m485.7m654.4m654.6m655.0m656.1m656.8m657.5m658.9m659.6m660.4m904.2m904.9m906.0m1.1b1.1b1.1b1.1b1.1b1.1b

Preferred Stock

650.0m650.0m650.0m

Retained Earnings

(299.2m)(299.2m)(291.1m)(281.3m)(266.7m)(268.4m)(263.3m)(256.2m)(249.7m)(248.1m)(234.2m)(197.3m)(185.2m)(178.6m)(154.6m)(137.0m)(137.2m)(89.8m)(19.2m)(3.9m)181.6m222.3m284.2m343.0m377.0m423.0m544.0m542.0m651.0m

Total Equity

125.4m125.5m125.2m135.1m149.9m145.0m151.5m158.8m177.1m179.7m194.6m389.2m409.7m417.2m438.1m457.0m458.1m504.1m572.1m588.9m991.0m1.0b1.1b1.3b1.4b1.4b1.5b1.5b1.6b

Debt to Equity Ratio

6.6 x6.6 x6.6 x6.1 x5.5 x5.7 x5.5 x5.2 x0 x0 x0 x3.2 x3 x3 x3.7 x3.7 x3.8 x0 x3.2 x3.1 x0 x0 x1.6 x0 x0 x0 x

Debt to Assets Ratio

0.7 x0.7 x0.7 x0.7 x0.6 x0.7 x0.7 x0.6 x0 x0 x0 x0.6 x0.6 x0.6 x0.6 x0.6 x0.6 x0 x0.6 x0.6 x0 x0 x0.5 x0 x0 x0 x

Financial Leverage

9.8 x9.9 x9.9 x9.2 x8.5 x8.7 x8.3 x8.1 x7.6 x9.6 x9.9 x5.3 x5 x5 x5.8 x5.8 x5.9 x5.5 x5.2 x5.1 x3.3 x3.2 x3 x5.3 x5.1 x5.1 x4.7 x4.8 x4.6 x

Gray Television Cash Flow

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(524.0k)1.5m3.4m14.4m30.2m870.0k6.0m13.1m1.3m2.9m16.8m5.6m17.7m24.3m9.0m26.7m26.4m10.5m81.1m96.4m19.9m60.7m122.5m(18.0m)26.0m85.0m53.0m64.0m186.0m

Depreciation and Amortization

13.6m20.2m5.9m11.6m17.3m5.8m11.7m17.8m6.7m14.8m26.9m11.6m23.1m35.6m15.0m30.9m46.6m18.2m37.7m57.2m19.1m37.8m56.2m49.0m97.0m146.0m47.0m94.0m147.0m

Accounts Receivable

4.3m1.4m716.0k3.5m533.0k2.9m618.0k(2.8m)(7.3m)7.3m1.5m(4.1m)3.2m(6.2m)(8.7m)(9.9m)(22.4m)(18.6m)3.0m(5.5m)(9.3m)12.0m41.0m29.0m26.0m57.0m28.0m

Accounts Payable

(4.3m)(2.9m)(206.0k)441.0k238.0k(378.0k)(418.0k)(678.0k)992.0k362.0k2.9m1.4m(1.4m)(233.0k)1.3m(1.4m)728.0k(1.8m)(2.9m)(1.8m)(4.8m)(1.7m)(2.0m)5.0m2.0m12.0m75.0m68.0m

Cash From Operating Activities

17.3m37.6m27.0m45.1m90.3m17.6m25.9m51.6m16.4m29.3m88.4m29.2m32.5m82.7m28.3m44.0m102.0m(483.0k)59.1m114.3m14.4m97.5m186.2m24.0m105.0m255.0m131.0m307.0m488.0m

Purchases of PP&E

(16.7m)(21.4m)(6.8m)(11.6m)(17.7m)(6.5m)(12.5m)(18.4m)(3.8m)(10.5m)(20.5m)(2.8m)(8.4m)(15.2m)(5.9m)(13.5m)(33.2m)(4.0m)(10.4m)(21.4m)(6.3m)(19.9m)(34.9m)(18.0m)(44.0m)(73.0m)(27.0m)(51.0m)(70.0m)

Cash From Investing Activities

(16.2m)(20.1m)(6.9m)(10.8m)(17.2m)(7.7m)(13.7m)(19.6m)(2.7m)(335.3m)(477.1m)(2.9m)(8.4m)(199.6m)(420.2m)(448.4m)(469.5m)(293.4m)(413.2m)(336.3m)(7.8m)(22.1m)(33.5m)(2.6b)(2.6b)(2.6b)(24.0m)(59.0m)(129.0m)

Long-term Borrowings

(11.4m)(12.6m)(10.2m)(14.4m)(15.6m)(108.0k)(178.2m)(179.8m)(1.1m)(425.0m)(1.1b)(557.8m)(559.4m)(561.0m)(1.6m)(3.2m)(40.2m)(4.0m)(7.0m)(11.0m)

Dividends Paid

(3.0m)(7.7m)

Cash From Financing Activities

(3.0m)(13.9m)(10.2m)(11.4m)(32.6m)47.0k87.0k266.0k(213.0k)358.6m455.0m167.5m167.4m167.3m415.2m483.4m500.6m(7.8m)71.2m69.7m(25.6m)(27.2m)(64.2m)1.3b1.3b1.3b(23.0m)(81.0m)(104.0m)

Net Change in Cash

(2.0m)3.7m9.9m22.9m40.5m9.9m12.3m32.3m13.6m52.6m66.3m193.8m191.4m50.4m23.3m79.0m133.1m(301.6m)(282.8m)(152.3m)(19.0m)48.2m88.5m(1.2b)(1.2b)(1.1b)84.0m167.0m255.0m

Interest Paid

105.0m

Gray Television Ratios

USDQ2, 2011

Debt/Equity

6.6 x

Debt/Assets

0.7 x

Financial Leverage

9.8 x

Gray Television Operating Metrics

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

ABC Network Affiliates

91416161616191919191920

CBS Network Affiliates

242726262630353535363637

FOX Network Affiliates

51010101013141313141415

NBC Network Affiliates

142424242422262626272729

Secondary Channels

6080100

Separate Programming Streams

110139139140140150175180180185190200200

Television Markets

34424444444550505051515754

Gray Television Employee Rating

3.2283 votes
Culture & Values
3
Work/Life Balance
2.9
Senior Management
2.9
Salary & Benefits
2.9
Career Opportunities
3.3
Source