cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 927799000, beyond tolerance 20662850.00.
Revenue
$4.95B
Fiscal year ended 2025-12-31Operating income
$849.00M
Fiscal year ended 2025-12-31Free cash flow
$743.00M
Fiscal year ended 2025-12-31NEXSTAR MEDIA GROUP, INC. (NXST) reported revenue of $4.95B and net income of $109.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NEXSTAR MEDIA GROUP, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Television Broadcasting Stations.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.95B | $5.41B | $4.93B | $5.21B | $4.65B | $4.50B | $3.04B | $2.77B | $2.43B | $1.10B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $849.00M | $1.27B | $708.00M | $1.31B | $1.18B | $1.38B | $655.13M | $757.78M | $505.62M | $287.31M |
| Net income | $109.00M | $722.00M | $346.00M | $971.00M | $834.00M | $811.50M | $230.26M | $389.48M | $475.00M | $91.54M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 30.71M | shares 32.80M | shares 35.83M | shares 40.19M | shares 43.98M | shares 46.72M | shares 47.92M | shares 47.41M | shares 47.15M | shares 31.66M |
| Pretax income | $150.00M | $959.00M | $401.00M | $1.22B | $1.09B | $1.10B | $373.32M | $532.94M | $241.38M | $170.67M |
| Income tax expense | $67.00M | $276.00M | $131.00M | $274.00M | $263.00M | $296.50M | $137.03M | $144.68M | -$233.94M | $77.57M |
| Diluted EPS | $3.00 | $21.41 | $9.64 | $24.16 | $18.98 | $17.37 | $4.80 | $8.21 | $10.07 | $2.89 |
| Selling, general & administrative | $1.06B | $1.09B | $1.10B | $1.10B | $1.02B | $912.10M | $729.98M | $579.93M | $605.11M | $263.61M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $280.00M | $144.00M | $135.00M | $204.00M | $190.90M | $152.70M | $232.07M | $145.12M | $115.65M | $1.02B |
| Total assets | $10.85B | $11.47B | $12.08B | $12.68B | $13.26B | $13.40B | $13.99B | $7.06B | $7.48B | $2.97B |
| Current assets | $1.47B | $1.30B | $1.47B | $1.62B | $1.41B | $1.21B | $1.35B | $767.08M | $1.06B | $363.22M |
| Total liabilities | $8.78B | $9.20B | $9.76B | $9.91B | $10.41B | $10.87B | $11.94B | $5.19B | $5.90B | $2.68B |
| Current liabilities | $711.00M | $783.00M | $961.00M | $893.00M | $787.30M | $730.89M | $947.56M | $404.17M | $670.70M | $189.58M |
| Total equity incl. NCI | $2.04B | $2.24B | $2.31B | $2.77B | $2.86B | $2.54B | $2.05B | $1.87B | $1.58B | $284.35M |
| Temporary (mezzanine) equity | $19.00M | $26.00M | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.08B | $1.03B | $1.10B | $1.08B | $1.02B | $904.80M | $883.92M | $547.28M | $562.94M | $218.06M |
| Goodwill | $2.91B | $2.92B | $2.95B | $2.96B | $3.05B | $2.96B | $3.00B | $2.17B | $2.14B | $473.30M |
| Long-term debt | $6.22B | $6.40B | $6.71B | $6.83B | $7.37B | $7.65B | $8.38B | $3.88B | $4.27B | $2.31B |
| Accounts payable | $133.00M | $133.00M | $235.00M | $198.00M | $248.20M | $218.42M | $157.37M | $67.83M | $31.14M | $19.75M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $891.00M | $1.25B | $999.00M | $1.40B | $1.22B | $1.25B | $417.47M | $736.87M | $109.09M | $284.25M |
| Capital expenditures | $148.00M | $145.00M | $149.00M | $157.00M | $151.00M | $217.00M | $197.51M | $106.25M | $72.46M | $31.87M |
| Investing cash flow | -$173.00M | -$102.00M | -$173.00M | $125.00M | -$232.00M | -$39.80M | -$4.70B | -$175.51M | -$2.07B | -$135.12M |
| Financing cash flow | -$582.00M | -$1.15B | -$899.00M | -$1.52B | -$945.00M | -$1.29B | $4.39B | -$531.89M | $1.06B | $822.93M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $27.97M | $44.26M |
| Stock-based compensation | $78.00M | $78.00M | $60.00M | $62.00M | $47.00M | $48.30M | $38.62M | $31.26M | $24.07M | $11.39M |
| Common dividends paid | $226.00M | $219.00M | $191.00M | $142.00M | $118.00M | $101.00M | $82.82M | $68.63M | $55.89M | $29.44M |
| Common share repurchases | $125.00M | $601.00M | $605.00M | $881.00M | $537.00M | $281.90M | $45.12M | $50.52M | $99.01M | Unavailable |
| Depreciation & amortization | $471.00M | $484.00M | $488.00M | $662.00M | $589.00M | $564.90M | $323.69M | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $743.00M | $1.10B | $850.00M | $1.25B | $1.06B | $1.04B | $219.96M | $630.62M | $36.63M | $252.38M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 17.2% | 23.5% | 14.4% | 25.2% | 25.3% | 30.6% | 21.6% | 27.4% | 20.8% | 26.0% |
| FCF margin | 15.0% | 20.4% | 17.2% | 23.9% | 22.9% | 23.0% | 7.2% | 22.8% | 1.5% | 22.9% |
| SBC / revenue | 1.6% | 1.4% | 1.2% | 1.2% | 1.0% | 1.1% | 1.3% | 1.1% | 1.0% | 1.0% |
| Current ratio | 2.07x | 1.66x | 1.53x | 1.81x | 1.79x | 1.66x | 1.43x | 1.90x | 1.57x | 1.92x |
| Revenue YoY growth | -8.5% | 9.6% | -5.3% | 12.1% | 3.3% | 48.1% | 9.9% | 13.8% | 120.4% | Unavailable |
| Net margin | 2.2% | 13.4% | 7.0% | 18.6% | 17.9% | 18.0% | 7.6% | 14.1% | 19.5% | 8.3% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 3.0% | 2.7% | 3.0% | 3.0% | 3.2% | 4.8% | 6.5% | 3.8% | 3.0% | 2.9% |
| Long-term debt / equity | 3.05x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 44.7% | 28.8% | 32.7% | 22.5% | 24.1% | 26.8% | 36.7% | 27.1% | -96.9% | 45.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NXST in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 927799000, beyond tolerance 8229320.00.