Nexstar Media Group (NXST) FY2022 results: revenue $5.2 billion, up 12.1% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $5.2 billion for fiscal 2022, the year ended 31 December 2022, up 12.1% on the year before. Net income was $971 million, up 16.4%, and diluted earnings per share $24.16. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$5.2 billion
+12.1% on the year
FY2015FY2022
Operating margin
25.2%
25.3% a year earlier
FY2015FY2022
Net income
$971 million
+16.4% on the year
FY2015FY2022
Diluted EPS
$24.16
+27.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,403
1,215
1,254
+15.5%
Capital expenditure
157
151
217
+4.3%
Free cash flow
1,246
1,064
1,037
+17.1%
Free cash flow margin
23.9%
22.9%
23.0%
Cash from investing
125
-232
-39.8
Cash from financing
-1,515
-946
-1,294
Depreciation and amortisation
662
589
565
+12.5%
Share-based compensation
62.0
47.0
48.3
+31.9%
Buybacks
881
537
282
+64.1%
Dividends paid
142
118
101
+20.3%
Dividend per share
$3.60
$2.80
$2.24
+28.6%
Diluted shares, weighted
40m
44m
47m
-8.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,741
2,850
2,518
-3.8%
Non-controlling interest
28.0
7.1
18.5
+295.0%
Debt
6,952
7,415
7,668
-6.3%
Operating lease liabilities
238
238
234
+0.0%
Finance lease liabilities
n/a
n/a
14.2
Other liabilities
2,720
2,754
2,951
-1.2%
Total liabilities and equity
12,679
13,264
13,404
-4.4%
Fixed assets
1,262
1,512
1,605
-16.5%
Goodwill
2,961
3,052
2,961
-3.0%
Intangible assets
2,434
2,717
2,939
-10.4%
Investments
1,119
1,219
1,334
-8.2%
Cash and equivalents
204
191
153
+6.9%
Receivables
1,079
1,021
905
+5.7%
Other assets
3,619
3,552
3,508
+1.9%
Total assets
12,679
13,264
13,404
-4.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.