Nexstar Media Group (NXST) FY2017 results: revenue $2.4 billion, up 120.4% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $2.4 billion for fiscal 2017, the year ended 31 December 2017, up 120.4% on the year before. Net income was $475 million, up 418.9%, and diluted earnings per share $10.07. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$2.4 billion
+120.4% on the year
FY2010FY2017
Operating margin
20.8%
26.0% a year earlier
FY2010FY2017
Net income
$475 million
+418.9% on the year
FY2010FY2017
Diluted EPS
$10.07
+248.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,432
1,103
896
+120.4%
Selling, general and administrative
605
264
232
+129.5%
Operating income
506
287
206
+76.0%
Operating margin
20.8%
26.0%
23.0%
Interest expense
n/a
117
80.6
Pre-tax income
241
171
125
+41.4%
Income tax
-234
77.6
48.7
Effective tax rate
-96.9%
45.5%
38.9%
Net income
475
91.5
77.7
+418.9%
Net margin
19.5%
8.3%
8.7%
Diluted EPS
$10.07
$2.89
$2.42
+248.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
109
284
n/a
-61.6%
Capital expenditure
72.5
31.9
29.0
+127.4%
Free cash flow
36.6
252
n/a
-85.5%
Free cash flow margin
1.5%
22.9%
n/a
Cash from investing
-2,066
-135
n/a
Cash from financing
1,057
823
n/a
+28.5%
Depreciation and amortisation
260
97.9
95.7
+165.8%
Share-based compensation
24.1
11.4
11.4
+111.3%
Buybacks
99.0
n/a
48.7
Dividends paid
55.9
29.4
23.7
+89.8%
Dividend per share
$1.20
$0.96
$0.76
+25.0%
Diluted shares, weighted
47m
32m
32m
+48.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,571
169
80.7
+828.6%
Non-controlling interest
10.7
115
5.7
-90.7%
Debt
4,362
2,342
1,476
+86.2%
Other liabilities
1,538
339
273
+353.2%
Total liabilities and equity
7,482
2,966
1,835
+152.2%
Fixed assets
734
276
267
+165.8%
Goodwill
2,143
473
452
+352.7%
Intangible assets
1,582
325
314
+387.0%
Cash and equivalents
116
87.7
43.4
+31.9%
Receivables
563
218
193
+158.2%
Other assets
2,344
1,586
566
+47.8%
Total assets
7,482
2,966
1,835
+152.2%
10-K for the year ended 31 December 2017, filed 2 March 2020: the filing.