Nexstar Media Group (NXST) FY2021 results: revenue $4.6 billion, up 3.3% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $4.6 billion for fiscal 2021, the year ended 31 December 2021, up 3.3% on the year before. Net income was $835 million, up 2.9%, and diluted earnings per share $18.98. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$4.6 billion
+3.3% on the year
FY2014FY2021
Operating margin
25.3%
30.6% a year earlier
FY2014FY2021
Net income
$835 million
+2.9% on the year
FY2014FY2021
Diluted EPS
$18.98
+9.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,215
1,254
417
-3.1%
Capital expenditure
151
217
198
-30.5%
Free cash flow
1,064
1,037
220
+2.6%
Free cash flow margin
22.9%
23.0%
7.2%
Cash from investing
-232
-39.8
-4,702
Cash from financing
-946
-1,294
4,388
Depreciation and amortisation
589
565
324
+4.2%
Share-based compensation
47.0
48.3
38.6
-2.6%
Buybacks
537
282
45.1
+90.4%
Dividends paid
118
101
82.8
+17.0%
Dividend per share
$2.80
$2.24
$1.80
+25.0%
Diluted shares, weighted
44m
47m
48m
-5.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,850
2,518
2,031
+13.2%
Non-controlling interest
7.1
18.5
22.0
-61.7%
Debt
7,415
7,668
8,493
-3.3%
Operating lease liabilities
238
234
186
+1.6%
Finance lease liabilities
n/a
14.2
15.2
Other liabilities
2,754
2,951
3,243
-6.7%
Total liabilities and equity
13,264
13,404
13,990
-1.0%
Fixed assets
1,512
1,605
1,290
-5.8%
Goodwill
3,052
2,961
2,997
+3.1%
Intangible assets
2,717
2,939
3,260
-7.6%
Investments
1,219
1,334
1,477
-8.6%
Cash and equivalents
191
153
232
+25.0%
Receivables
1,021
905
884
+12.8%
Other assets
3,552
3,508
3,849
+1.3%
Total assets
13,264
13,404
13,990
-1.0%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.