Nexstar Media Group (NXST) FY2013 results: revenue $502 million, up 32.7% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $502 million for fiscal 2013, the year ended 31 December 2013, up 32.7% on the year before. Net income was -$2 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$502 million
+32.7% on the year
FY2010FY2013
Operating margin
20.6%
26.4% a year earlier
FY2010FY2013
Net income
-$2 million
FY2010FY2013
Diluted EPS
-$0.06
FY2010FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
502
379
306
+32.7%
Selling, general and administrative
152
118
105
+29.5%
Operating income
103
99.9
48.0
+3.3%
Operating margin
20.6%
26.4%
15.7%
Interest expense
n/a
51.6
53.0
Pre-tax income
0.8
45.1
-6.2
-98.2%
Income tax
2.6
-132
5.7
Effective tax rate
319.0%
-293.5%
n/a
Net income
-1.8
182
-11.9
Net margin
-0.4%
48.2%
-3.9%
Diluted EPS
-$0.06
$5.94
-$0.42
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
27.3
79.9
40.3
-65.8%
Capital expenditure
19.0
17.3
13.3
+9.8%
Free cash flow
8.4
62.6
27.0
-86.6%
Free cash flow margin
1.7%
16.5%
8.8%
Cash from investing
-248
-239
-54.6
Cash from financing
192
220
-1.9
-12.9%
Depreciation and amortisation
63.7
46.5
47.8
+36.9%
Share-based compensation
2.1
1.4
1.2
+52.7%
Buybacks
8.4
0.0
0.0
Dividends paid
14.3
0.0
0.0
Dividend per share
$0.48
$0.00
$0.00
Diluted shares, weighted
30m
31m
29m
-2.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-13.2
2.2
-184
Debt
1,071
858
640
+24.9%
Other liabilities
106
85.9
125
+23.2%
Total liabilities and equity
1,164
946
581
+23.0%
Fixed assets
212
180
147
+17.8%
Goodwill
198
148
113
+33.5%
Intangible assets
163
122
81.5
+32.7%
Cash and equivalents
40.0
69.0
7.5
-42.0%
Receivables
109
74.6
71.3
+46.8%
Other assets
441
351
161
+25.7%
Total assets
1,164
946
581
+23.0%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.