Nexstar Media Group (NXST) FY2015 results: revenue $896 million, up 42.0% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $896 million for fiscal 2015, the year ended 31 December 2015, up 42.0% on the year before. Net income was $78 million, up 20.3%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$896 million
+42.0% on the year
FY2010FY2015
Operating margin
23.0%
27.4% a year earlier
FY2010FY2015
Net income
$78 million
+20.3% on the year
FY2010FY2015
Diluted EPS
$2.42
+19.8% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
896
631
502
+42.0%
Selling, general and administrative
232
175
152
+32.5%
Operating income
206
173
103
+19.0%
Operating margin
23.0%
27.4%
20.6%
Interest expense
80.6
62.0
n/a
+30.0%
Pre-tax income
125
111
0.8
+13.0%
Income tax
48.7
46.1
2.6
+5.6%
Effective tax rate
38.9%
41.7%
319.0%
Net income
77.7
64.5
-1.8
+20.3%
Net margin
8.7%
10.2%
-0.4%
Diluted EPS
$2.42
$2.02
-$0.06
+19.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
167
27.3
Capital expenditure
29.0
20.4
19.0
+42.3%
Free cash flow
n/a
146
8.4
Free cash flow margin
n/a
23.1%
1.7%
Cash from investing
n/a
n/a
-248
Cash from financing
n/a
n/a
192
Depreciation and amortisation
95.7
60.9
63.7
+57.1%
Share-based compensation
11.4
7.6
2.1
+50.0%
Buybacks
48.7
n/a
8.4
Dividends paid
23.7
18.4
14.3
+28.4%
Dividend per share
$0.76
$0.60
$0.48
+26.7%
Diluted shares, weighted
32m
32m
30m
+0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
80.7
52.5
-13.2
+53.6%
Non-controlling interest
5.7
4.0
n/a
+42.5%
Debt
1,476
1,220
1,071
+21.0%
Other liabilities
273
137
106
+98.7%
Total liabilities and equity
1,835
1,414
1,164
+29.8%
Fixed assets
267
238
212
+12.1%
Goodwill
452
256
198
+76.1%
Intangible assets
314
194
163
+61.9%
Cash and equivalents
43.4
132
40.0
-67.1%
Receivables
193
128
109
+50.9%
Other assets
566
466
441
+21.5%
Total assets
1,835
1,414
1,164
+29.8%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.