Nexstar Media Group (NXST) FY2016 results: revenue $1.1 billion, up 23.1% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $1.1 billion for fiscal 2016, the year ended 31 December 2016, up 23.1% on the year before. Net income was $92 million, up 17.8%, and diluted earnings per share $2.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$1.1 billion
+23.1% on the year
FY2010FY2016
Operating margin
26.0%
23.0% a year earlier
FY2010FY2016
Net income
$92 million
+17.8% on the year
FY2010FY2016
Diluted EPS
$2.89
+19.4% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,103
896
631
+23.1%
Selling, general and administrative
264
232
175
+13.4%
Operating income
287
206
173
+39.4%
Operating margin
26.0%
23.0%
27.4%
Interest expense
117
80.6
62.0
+45.4%
Pre-tax income
171
125
111
+36.5%
Income tax
77.6
48.7
46.1
+59.3%
Effective tax rate
45.5%
38.9%
41.7%
Net income
91.5
77.7
64.5
+17.8%
Net margin
8.3%
8.7%
10.2%
Diluted EPS
$2.89
$2.42
$2.02
+19.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
284
n/a
167
Capital expenditure
31.9
29.0
20.4
+9.8%
Free cash flow
252
n/a
146
Free cash flow margin
22.9%
n/a
23.1%
Cash from investing
-135
n/a
n/a
Cash from financing
823
n/a
n/a
Depreciation and amortisation
97.9
95.7
60.9
+2.3%
Share-based compensation
11.4
11.4
7.6
-0.1%
Buybacks
n/a
48.7
n/a
Dividends paid
29.4
23.7
18.4
+24.3%
Dividend per share
$0.96
$0.76
$0.60
+26.3%
Diluted shares, weighted
32m
32m
32m
-1.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
169
80.7
52.5
+109.7%
Non-controlling interest
115
5.7
4.0
+1,921.6%
Debt
2,342
1,476
1,220
+58.7%
Other liabilities
339
273
137
+24.5%
Total liabilities and equity
2,966
1,835
1,414
+61.6%
Fixed assets
276
267
238
+3.6%
Goodwill
473
452
256
+4.8%
Intangible assets
325
314
194
+3.3%
Cash and equivalents
87.7
43.4
132
+102.0%
Receivables
218
193
128
+13.0%
Other assets
1,586
566
466
+180.2%
Total assets
2,966
1,835
1,414
+61.6%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.