TEGNA was founded in 2015 and is headquartered in McLean, US

TEGNA has offices in McLean, Fort Myers, Tucson, Norfolk and in 37 other locations

McLean, US (HQ)

7950 Jones Branch Dr

TEGNA's revenue was reported to be $3.3 b in FY, 2016

USD

## Net income (Q1, 2017) | 63.9 m |

## EBIT (Q1, 2017) | 153.4 m |

## Market capitalization (17-Aug-2017) | 2.8 b |

## Cash (31-Mar-2017) | 79.7 m |

TEGNA's current market capitalization is $2.8 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 5.2 b | 6 b | 3.1 b | 3.3 b |

## Revenue growth, % | 16% | (49%) | 10% | |

## Cost of goods sold | 2.9 b | 923.3 m | 1 b | |

## Gross profit | 2.3 b | 2.1 b | 2.3 b | |

## Gross profit Margin, % | 44% | 70% | 69% | |

## General and administrative expense | 1.3 b | 1.1 b | 1.1 b | |

## Operating expense total | 4.4 b | 5 b | 1.1 b | 1.1 b |

## EBIT | 739.2 m | 1.1 b | 913.2 m | 972.1 m |

## EBIT margin, % | 14% | 18% | 30% | 29% |

## Interest expense | 176.1 m | 273.2 m | (273.6 m) | (232 m) |

## Pre tax profit | 559.1 m | 1.4 b | 622.9 m | 712.5 m |

## Income tax expense | 113.2 m | 225.6 m | 202.3 m | 217 m |

## Net Income | 445.9 m | 1.1 b | 522.7 m | 488 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.5 b | 1.5 b | |||||||

## EBIT | 242.5 m | 270.5 m | 230.9 m | 268.4 m | 216.4 m | 201.9 m | 226.6 m | 263.8 m | 153.4 m |

## EBIT margin, % | 16% | 18% | |||||||

## Pre tax profit | 331.9 m | 188.9 m | 188 m | 197.8 m | 145.3 m | 145.5 m | 162 m | 191.6 m | 92.5 m |

## Net Income | 225.9 m | 140 m | 127.5 m | 131.5 m | 105.7 m | 95.9 m | 114.4 m | 133.4 m | 63.9 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 469.2 m | 118.5 m | 129.2 m | 76.9 m |

## Accounts Receivable | 28.6 m | 72.8 m | 18.7 m | 26 m |

## Inventories | 50 m | 38.9 m | 94.3 m | 91.9 m |

## Current Assets | 1.9 b | 1.5 b | 805.2 m | 790.7 m |

## Goodwill | 3.8 b | 4.5 b | 3.9 b | 4.1 b |

## Total Assets | 9.2 b | 11.2 b | 8.5 b | 8.5 b |

## Accounts Payable | 120.9 m | |||

## Dividends Payable | 45.6 m | 45.3 m | 31 m | 30.2 m |

## Total Debt | 3.7 b | 4.5 b | 4.2 b | 4 b |

## Current Liabilities | 1 b | 1.1 b | 606.8 m | 619.2 m |

## Non-Current Liabilities | 5.3 b | 6.6 b | 5.4 b | 5.3 b |

## Total Liabilities | 6.3 b | 7.7 b | 6.1 b | 5.9 b |

## Additional Paid-in Capital | 552.4 m | 546.4 m | 539.5 m | 473.7 m |

## Retained Earnings | 7.7 b | 8.6 b | 7.1 b | 7.4 b |

## Total Equity | 2.9 b | 3.5 b | 2.5 b | 2.6 b |

## Debt to Equity Ratio | 1.3 x | 1.3 x | 1.7 x | 1.6 x |

## Debt to Assets Ratio | 0.4 x | 0.4 x | 0.5 x | 0.5 x |

## Financial Leverage | 3.2 x | 3.2 x | 3.5 x | 3.3 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 430.7 m | 1.4 b | 135.7 m | 219.1 m | 117.8 m | 79.2 m | 102.2 m | 107.3 m | 79.7 m |

## Accounts Receivable | 26.8 m | 32.5 m | 67.4 m | 36.2 m | 59.6 m | 19.8 m | 18.4 m | 13.8 m | 22.1 m |

## Inventories | 55.1 m | 52.1 m | 41.7 m | 38 m | |||||

## Current Assets | 1.5 b | 2.4 b | 1.4 b | 1.6 b | 1.1 b | 748.1 m | 783.4 m | 846.3 m | 752.3 m |

## Goodwill | 3.8 b | 3.8 b | 4.5 b | 4.5 b | 4 b | 4 b | 4 b | 4.1 b | 4.1 b |

## Total Assets | 9.1 b | 9.9 b | 11 b | 11.1 b | 8.9 b | 8.5 b | 8.5 b | 8.7 b | 8.5 b |

## Accounts Payable | 75.6 m | ||||||||

## Dividends Payable | 45.4 m | 45.3 m | 45.5 m | 45.5 m | 31.8 m | 30.7 m | 30.3 m | 30.2 m | 30.2 m |

## Current Liabilities | 1 b | 1.1 b | 1.1 b | 1.1 b | 722.6 m | 579 m | 514.5 m | 608.6 m | 608.7 m |

## Non-Current Liabilities | 5 b | 5.6 b | 6.4 b | 6.4 b | 5.7 b | 5.4 b | 5.5 b | 5.5 b | 5.2 b |

## Additional Paid-in Capital | 561.3 m | 564.9 m | 527.2 m | 524.1 m | 528.1 m | 474.5 m | 474.9 m | 475.4 m | 405.1 m |

## Retained Earnings | 7.9 b | 8 b | 8.7 b | 8.7 b | 7 b | 7.2 b | 7.2 b | 7.3 b | 7.4 b |

## Total Equity | 3.1 b | 3.2 b | 3.5 b | 3.6 b | 2.4 b | 2.4 b | 2.4 b | 2.5 b | 2.6 b |

## Financial Leverage | 3 x | 3.1 x | 3.1 x | 3.1 x | 3.7 x | 3.5 x | 3.5 x | 3.5 x | 3.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 445.9 m | 1.1 b | 522.7 m | 488 m |

## Depreciation and Amortization | 189.6 m | 265.7 m | 114.3 m | 115 m |

## Accounts Payable | 66.7 m | (57.6 m) | (1.5 m) | |

## Cash From Operating Activities | 821.2 m | 613.1 m | 683.4 m | |

## Purchases of PP&E | (1.5 b) | (2 b) | (118.8 m) | (94.8 m) |

## Capital Expenditures | (11.5 m) | |||

## Cash From Investing Activities | (1.4 b) | (1.7 b) | 217.3 m | (273.3 m) |

## Dividends Paid | (183.2 m) | (181.3 m) | (167.5 m) | (121.6 m) |

## Cash From Financing Activities | 1.2 b | 490.5 m | (819.7 m) | (462.4 m) |

## Interest Paid | 242.2 m | 265.2 m | 225.5 m | |

## Income Taxes Paid | 206.3 m | |||

## Free Cash Flow | 832.7 m | 683.4 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 225.9 m | 140 m | 127.5 m | 131.5 m | 105.7 m | 95.9 m | 114.4 m | 133.4 m | 63.9 m |

## Depreciation and Amortization | 14.5 m | 14.9 m | 32.1 m | 32.6 m | 28.5 m | 28.3 m | 28.3 m | 29.2 m | 29 m |

## Accounts Receivable | 26.8 m | 32.5 m | 67.4 m | 36.2 m | 59.6 m | 19.8 m | 18.4 m | 13.8 m | 22.1 m |

## Inventories | 55.1 m | 52.1 m | 41.7 m | 38 m | |||||

## Accounts Payable | 75.6 m | ||||||||

## Income Taxes Paid | 101.8 m | 126.2 m | 24.4 m | 38.1 m | 29.4 m | 27.3 m | 628 k | 7.8 m | 36.7 m |

Y, 2017 | |
---|---|

## Financial Leverage | 3.3 x |

December 14, 2016

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