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Nexstar Media Group (NXST) Q4 FY2021 earnings: revenue $1.2 billion, down 9.5% on the year

Nexstar Media Group, Inc. (NXST) reported revenue of $1.2 billion for Q4 FY2021, the quarter ended 31 December 2021, down 9.5% on the same quarter a year earlier. Net income was $264 million, down 27.5% on the year, and diluted earnings per share $6.15. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.

Revenue
$1.2 billion
-9.5% on the year · +7.7% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
26.1%
38.5% a year earlier
Q1 FY2020Q4 FY2021
Net income
$264 million
-27.5% on the year · +55.7% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$6.15
-22.8% on the year · +57.7% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,2461,1571,377+7.7%-9.5%
Selling, general and administrative280n/an/a
Operating income325277531+17.1%-38.8%
Operating margin26.1%24.0%38.5%
Pre-tax income329n/an/a
Income tax66.5n/an/a
Effective tax rate20.2%n/an/a
Net income264170364+55.7%-27.5%
Net margin21.2%n/an/a
Diluted EPS$6.15$3.90$7.97+57.7%-22.8%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow333n/an/a
Capital expenditure45.8n/an/a
Free cash flow287n/an/a
Free cash flow margin23.1%n/an/a
Cash from investing-38.3n/an/a
Cash from financing-299n/an/a
Depreciation and amortisation124117110+5.6%+12.1%
Share-based compensation12.4n/an/a
Buybacks134n/an/a
Dividends paid28.7n/an/a
Diluted shares, weighted44m43m46m+1.2%-3.8%
Shares outstanding at period end41m41m43m+0.3%-5.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity2,8502,6192,518+8.8%+13.2%
Non-controlling interest7.1n/an/a
Debt7,4157,5467,668-1.7%-3.3%
Operating lease liabilities238n/an/a
Other liabilities2,754n/an/a
Total liabilities and equity13,264n/an/a
Fixed assets1,512n/an/a
Goodwill3,052n/an/a
Intangible assets2,717n/an/a
Investments1,219n/an/a
Cash and equivalents191194153-1.5%+25.0%
Receivables1,021n/an/a
Other assets3,552n/an/a
Total assets13,264n/an/a

Questions

What was Nexstar Media Group's revenue in Q4 FY2021?

Nexstar Media Group (NXST) reported revenue of $1.2 billion for Q4 FY2021, the quarter ended 31 December 2021, down 9.5% on the same quarter a year earlier.

How much did Nexstar Media Group earn in Q4 FY2021?

Net income for Q4 FY2021 was $264 million, down 27.5% on the year, and diluted earnings per share $6.15.

When did Nexstar Media Group report Q4 FY2021 results?

Nexstar Media Group filed its 10-K for the year that ended with the quarter on 28 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,2461,2101,2451,2691,4871,2571,2401,1321,3041,2841,2691,3661,4881,2341,2291,1981,2881,3961,9932,133
SG&A280248266260327266262281287272270277269257262270274327457421
Operating income32532933335529420417994.0231275240335418220213175241265362532
Operating margin26%27%27%28%20%16%14%8%18%21%19%25%28%18%17%15%19%19%18%25%
Interest expensen/an/an/an/an/an/an/an/an/an/an/a113n/an/an/a94.0n/an/an/an/a
Pre-tax income32930429836924613011014.014722814924433813813096.0-214153177343
Tax rate20%17%24%22%28%32%32%43%33%27%29%26%32%30%30%32%n/a-5%36%27%
Net income26425222728920311196.025.011417511818724210897.070.0-166164120255
Net margin21%21%18%23%14%9%8%2%9%14%9%14%16%9%8%6%-13%12%6%12%
Diluted EPS$6.15$5.99$5.56$7.30$5.30$2.97$2.64$0.70$3.32$5.16$3.54$5.27$7.56$3.37$3.06$2.14-$5.63$5.09$3.61$7.92
Operating cash flow333519290376218494185138182276176387411337247117190289298680
Capital expenditure45.829.034.137.057.336.041.036.036.044.037.029.035.035.029.030.054.022.045.046.0
Free cash flow28749025633916145814410214623213935837630221887.0136267253634
Buybacks13415824821525917613919496.011113517717875.050.00.00.0n/an/an/a
Dividends paid28.737.036.334.933.950.048.047.046.057.055.055.052.057.056.056.057.056.057.058.0
Shares outstanding41m40m39m38m37m36m35m34m33m33m32m31m31m30m30m30m30m31m31m31m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 28 February 2022: the filing.