Nexstar Media Group (NXST) FY2014 results: revenue $631 million, up 25.7% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $631 million for fiscal 2014, the year ended 31 December 2014, up 25.7% on the year before. Net income was $65 million, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$631 million
+25.7% on the year
FY2010FY2014
Operating margin
27.4%
20.6% a year earlier
FY2010FY2014
Net income
$65 million
FY2010FY2014
Diluted EPS
$2.02
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
631
502
379
+25.7%
Selling, general and administrative
175
152
118
+15.3%
Operating income
173
103
99.9
+67.8%
Operating margin
27.4%
20.6%
26.4%
Interest expense
62.0
n/a
51.6
Pre-tax income
111
0.8
45.1
+13,476.8%
Income tax
46.1
2.6
-132
+1,673.1%
Effective tax rate
41.7%
319.0%
-293.5%
Net income
64.5
-1.8
182
Net margin
10.2%
-0.4%
48.2%
Diluted EPS
$2.02
-$0.06
$5.94
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
167
27.3
79.9
+509.1%
Capital expenditure
20.4
19.0
17.3
+7.6%
Free cash flow
146
8.4
62.6
+1,643.1%
Free cash flow margin
23.1%
1.7%
16.5%
Cash from investing
n/a
-248
-239
Cash from financing
n/a
192
220
Depreciation and amortisation
60.9
63.7
46.5
-4.4%
Share-based compensation
7.6
2.1
1.4
+265.3%
Buybacks
n/a
8.4
0.0
Dividends paid
18.4
14.3
0.0
+29.0%
Dividend per share
$0.60
$0.48
$0.00
+25.0%
Diluted shares, weighted
32m
30m
31m
+7.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
52.5
-13.2
2.2
Non-controlling interest
4.0
n/a
n/a
Debt
1,220
1,071
858
+13.9%
Other liabilities
137
106
85.9
+29.6%
Total liabilities and equity
1,414
1,164
946
+21.5%
Fixed assets
238
212
180
+12.0%
Goodwill
256
198
148
+29.5%
Intangible assets
194
163
122
+19.4%
Cash and equivalents
132
40.0
69.0
+229.5%
Receivables
128
109
74.6
+16.9%
Other assets
466
441
351
+5.6%
Total assets
1,414
1,164
946
+21.5%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.