Nexstar Media Group (NXST) FY2018 results: revenue $2.8 billion, up 13.8% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $2.8 billion for fiscal 2018, the year ended 31 December 2018, up 13.8% on the year before. Net income was $389 million, down 18.0%, and diluted earnings per share $8.21. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$2.8 billion
+13.8% on the year
FY2011FY2018
Operating margin
27.4%
20.8% a year earlier
FY2011FY2018
Net income
$389 million
-18.0% on the year
FY2011FY2018
Diluted EPS
$8.21
-18.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,767
2,432
1,103
+13.8%
Selling, general and administrative
580
605
264
-4.2%
Operating income
758
506
287
+49.9%
Operating margin
27.4%
20.8%
26.0%
Interest expense
n/a
n/a
117
Pre-tax income
533
241
171
+120.8%
Income tax
145
-234
77.6
Effective tax rate
27.1%
-96.9%
45.5%
Net income
389
475
91.5
-18.0%
Net margin
14.1%
19.5%
8.3%
Diluted EPS
$8.21
$10.07
$2.89
-18.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
737
109
284
+575.5%
Capital expenditure
106
72.5
31.9
+46.6%
Free cash flow
631
36.6
252
+1,621.6%
Free cash flow margin
22.8%
1.5%
22.9%
Cash from investing
-176
-2,066
-135
Cash from financing
-532
1,057
823
Depreciation and amortisation
259
260
97.9
-0.4%
Share-based compensation
31.3
24.1
11.4
+29.9%
Buybacks
50.5
99.0
n/a
-49.0%
Dividends paid
68.6
55.9
29.4
+22.8%
Dividend per share
$1.50
$1.20
$0.96
+25.0%
Diluted shares, weighted
47m
47m
32m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,853
1,571
169
+18.0%
Non-controlling interest
16.2
10.7
115
+51.6%
Debt
3,981
4,362
2,342
-8.7%
Other liabilities
1,212
1,538
339
-21.2%
Total liabilities and equity
7,062
7,482
2,966
-5.6%
Fixed assets
732
734
276
-0.4%
Goodwill
2,168
2,143
473
+1.2%
Intangible assets
1,492
1,582
325
-5.7%
Investments
14.0
n/a
n/a
Cash and equivalents
145
116
87.7
+25.5%
Receivables
547
563
218
-2.8%
Other assets
1,964
2,344
1,586
-16.2%
Total assets
7,062
7,482
2,966
-5.6%
10-K for the year ended 31 December 2018, filed 2 March 2020: the filing.