GTN - Gray Television, Inc.
NYSE
->
Communication Services
->
Broadcasting
Atlanta,
United States
Type: Equity
GTN price evolution
GTN
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $21 | $21 | $36 | $56 |
| Short term investments | ||||
| Net receivables | $342 | $339 | $329 | $333 |
| Inventory | ||||
| Total current assets | $468 | $495 | $512 | $537 |
| Long term investments | $85 | $101 | $108 | $107 |
| Property, plant & equipment | $1676 | $1687 | $1653 | $1601 |
| Goodwill & intangible assets | $8378 | $8425 | $8517 | $8580 |
| Total noncurrent assets | $10172 | $10240 | $10298 | $10308 |
| Total investments | $85 | $101 | $108 | $107 |
| Total assets | $10640 | $10735 | $10810 | $10845 |
| Current liabilities | ||||
| Accounts payable | $23 | $26 | $33 | $40 |
| Deferred revenue | $39 | $51 | $40 | $43 |
| Short long term debt | $26 | $26 | $26 | $26 |
| Total current liabilities | $395 | $414 | $357 | $424 |
| Long term debt | $6214 | $6241 | $6268 | $6219 |
| Total noncurrent liabilities | $7624 | $7669 | $7743 | $7710 |
| Total debt | $6240 | $6267 | $6294 | $6245 |
| Total liabilities | $8019 | $8083 | $8100 | $8134 |
| Shareholders' equity | ||||
| Retained earnings | $1084 | $1114 | $1175 | $1191 |
| Other shareholder equity | -$23 | -$17 | -$15 | -$23 |
| Total shareholder equity | $1971 | $2002 | $2060 | $2061 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $21 | $61 | $189 | $773 |
| Short term investments | ||||
| Net receivables | $342 | $672 | $624 | $425 |
| Inventory | ||||
| Total current assets | $468 | $857 | $963 | $1304 |
| Long term investments | $85 | $105 | $117 | $72 |
| Property, plant & equipment | $1676 | $1541 | $1235 | $794 |
| Goodwill & intangible assets | $8378 | $8630 | $8777 | $5434 |
| Total noncurrent assets | $10172 | $10295 | $10145 | $6339 |
| Total investments | $85 | $105 | $117 | $72 |
| Total assets | $10640 | $11152 | $11108 | $7643 |
| Current liabilities | ||||
| Accounts payable | $23 | $55 | $59 | $10 |
| Deferred revenue | $39 | $24 | $14 | $22 |
| Short long term debt | $26 | $25 | $24 | $7 |
| Total current liabilities | $395 | $409 | $384 | $255 |
| Long term debt | $6214 | $6440 | $6803 | $4025 |
| Total noncurrent liabilities | $7624 | $7977 | $8317 | $4985 |
| Total debt | $6240 | $6533 | $6827 | $4032 |
| Total liabilities | $8019 | $8386 | $8701 | $5240 |
| Shareholders' equity | ||||
| Retained earnings | $1084 | $1242 | $869 | $862 |
| Other shareholder equity | -$23 | -$12 | -$27 | -$39 |
| Total shareholder equity | $1971 | $2116 | $1757 | $1753 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $864 | $803 | $813 | $801 |
| Cost of revenue | $631 | $563 | $614 | |
| Gross Profit | $233 | $803 | $250 | $187 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $33 | $23 | $30 | $26 |
| Total operating expenses | $120 | $144 | $131 | $120 |
| Operating income | $113 | $659 | $119 | $67 |
| Income from continuing operations | ||||
| EBIT | $104 | $74 | $118 | $62 |
| Income tax expense | -$3 | $3 | $5 | -$11 |
| Interest expense | $116 | $111 | $109 | $104 |
| Net income | ||||
| Net income | -$9 | -$40 | $4 | -$31 |
| Income (for common shares) | -$22 | -$53 | -$9 | -$44 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3281 | $3676 | $2413 | $2381 |
| Cost of revenue | $2383 | $2248 | $1610 | $1392 |
| Gross Profit | $898 | $1428 | $803 | $989 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $112 | $104 | $159 | $65 |
| Total operating expenses | $515 | $438 | $422 | $237 |
| Operating income | $383 | $990 | $381 | $752 |
| Income from continuing operations | ||||
| EBIT | $358 | $968 | $373 | $735 |
| Income tax expense | -$6 | $159 | $78 | $134 |
| Interest expense | $440 | $354 | $205 | $191 |
| Net income | ||||
| Net income | -$76 | $455 | $90 | $410 |
| Income (for common shares) | -$128 | $403 | $38 | $358 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$9 | -$40 | $4 | -$31 |
| Operating activities | ||||
| Depreciation | $86 | $84 | $85 | $84 |
| Business acquisitions & disposals | -$2 | $2 | -$3 | -$4 |
| Stock-based compensation | $6 | $5 | $7 | $2 |
| Total cash flows from operations | $83 | $106 | $47 | $412 |
| Investing activities | ||||
| Capital expenditures | -$60 | -$75 | -$103 | -$110 |
| Investments | ||||
| Total cash flows from investing | -$32 | -$72 | -$92 | -$95 |
| Financing activities | ||||
| Dividends paid | -$8 | -$8 | -$7 | -$7 |
| Sale and purchase of stock | ||||
| Net borrowings | -$29 | -$28 | $46 | -$299 |
| Total cash flows from financing | -$51 | -$49 | $25 | -$322 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$15 | -$20 | -$5 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$76 | $455 | $90 | $410 |
| Operating activities | ||||
| Depreciation | $339 | $336 | $221 | $201 |
| Business acquisitions & disposals | -$14 | -$74 | -$3341 | -$139 |
| Stock-based compensation | $20 | $22 | $14 | $16 |
| Total cash flows from operations | $648 | $829 | $300 | $652 |
| Investing activities | ||||
| Capital expenditures | -$348 | -$436 | -$207 | -$110 |
| Investments | ||||
| Total cash flows from investing | -$291 | -$503 | -$3534 | -$211 |
| Financing activities | ||||
| Dividends paid | -$30 | -$30 | -$31 | |
| Sale and purchase of stock | -$50 | -$30 | -$75 | |
| Net borrowings | -$310 | -$315 | $2800 | $275 |
| Total cash flows from financing | -$397 | -$454 | $2650 | $120 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$40 | -$128 | -$584 | $561 |
News
Fundamentals
| Market cap | $552.31M |
|---|---|
| Enterprise value | $6.77B |
| Shares outstanding | 95.39M |
| Revenue | $3.28B |
|---|---|
| EBITDA | $697.00M |
| EBIT | $358.00M |
| Net Income | -$76.00M |
| Revenue Q/Q | -19.40% |
| Revenue Y/Y | -10.75% |
| P/E ratio | -7.27 |
|---|---|
| EV/Sales | 2.06 |
| EV/EBITDA | 9.71 |
| EV/EBIT | 18.91 |
| P/S ratio | 0.17 |
| P/B ratio | 0.28 |
| Book/Share | 20.90 |
| Cash/Share | 0.22 |
| EPS | -$0.80 |
|---|---|
| ROA | -0.71% |
| ROE | -3.76% |
| Debt/Equity | 4.07 |
|---|---|
| Net debt/EBITDA | 11.47 |
| Current ratio | 1.18 |
| Quick ratio | 1.18 |