Company Quick10K Filing
Gray Television
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-08
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-03
10-Q 2015-06-30 Filed 2015-08-05
10-Q 2015-03-31 Filed 2015-05-05
10-K 2014-12-31 Filed 2015-03-05
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-03-11
10-Q 2013-09-30 Filed 2013-11-07
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-03-05
10-Q 2012-09-30 Filed 2012-10-31
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-02
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-11
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-12
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-04-07
8-K 2020-05-07
8-K 2020-05-06 Shareholder Vote
8-K 2020-03-05 Exhibits
8-K 2020-02-27
8-K 2019-11-13 Exhibits
8-K 2019-11-07 Other Events
8-K 2019-09-04 Exhibits
8-K 2019-08-21 Exhibits
8-K 2019-08-07
8-K 2019-05-23 Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-05-07 Shareholder Vote
8-K 2019-04-09 Officers
8-K 2019-03-07 Regulation FD, Exhibits
8-K 2019-02-28 Earnings, Regulation FD, Exhibits
8-K 2019-01-02 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2018-11-16 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-11-08 Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-11-01 Other Events, Exhibits
8-K 2018-11-01 Regulation FD, Other Events, Exhibits
8-K 2018-10-22 Earnings, Regulation FD, Exhibits
8-K 2018-09-05 Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-06-23 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-05-07 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-03-05 Regulation FD, Exhibits
8-K 2018-02-27 Earnings, Regulation FD, Exhibits

Gray Television Financials

GTN Metrics, Comps, Filings

Quarterly | Annual

Business

Our common stock and our Class A common stock are listed on The New York Stock Exchange (the “NYSE”) under the symbols “GTN” and “GTN.A.”

Unless otherwise indicated, all station rank, in-market share and television household data herein are derived from reports prepared by Comscore, Inc. (“Comscore”). While we believe this data to be accurate and reliable, we have not independently verified such data nor have we ascertained the underlying economic assumptions relied upon therein, and cannot guarantee the accuracy or completeness of such data.

We are a television broadcast company headquartered in Atlanta, Georgia, that is one of the largest owners of television (“TV”) stations and digital assets in the United States. Currently, we own and operate television stations in 91 television markets broadcasting almost 400 separate program streams including nearly 150 affiliates of the ABC Network (“ABC”), the NBC Network (“NBC”), the CBS Network (“CBS”) and the FOX Network (“FOX”). We refer to these major broadcast networks collectively as the “Big Four” networks. Our television stations ranked first or second among all local television stations in 86 of our 91 markets between December 2017 and November 2018. Our station portfolio reaches approximately 24% of total United States television households. We also own video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pandora (P) 2,533 33% -9.4 -28% 1,173 607 1,517 503 -332 -255 2,401
Gray Television (GTN) 1,605 0% 14.8 2% 7,104 5,051 1,871 0 173 363 5,379
Central European Media Enterprises (CETV) 1,205 45% 8.6 9% 1,339 805 697 311 126 206 1,765
EW Scripps (SSP) 1,014 0% 18.8 -0% 3,506 2,613 1,348 0 -7 155 2,913
Entercom Communications (ETM) 470 0% -12.0 -8% 4,185 2,818 1,487 0 -320 -180 2,166
Entravision Communications (EVC) 272 0% 37.7 -3% 688 402 285 0 -20 12 464
Townsquare Media (TSQ) 192 0% 13.1 -0% 1,030 681 428 0 -2 52 677
Urban One (UONE) 110 15% 11.1 10% 1,262 1,063 445 67 123 88 972
Beasley Broadcast Group (BBGI) 88 0% 10.2 1% 740 458 189 0 9 32 329
Emmis Communications (EMMS) 59 0% 7.3 2% 260 158 114 0 4 19 135
Salem Media (SALM) 43 0% 36.2 -4% 586 392 189 0 -23 8 293
NTN Buzztime (NTN) 7 0% 29.0 -5% 15 9 15 0 -1 0 6
Saga Communications (SGA) 0 0% -1.5 6% 249 59 124 0 14 20 -31
Liberty Media Corporation (BATRA)
Akazoo (SONG)
Cumulus Media (CMLS) -94.7 -0% 0 0 0 -11 1,004
Phoenix New Media (FENG) 0% 4,631 1,240 0 0 0 0 -444
Grupo Televisa (TV) 0% 297,171 192,640 0 0 0 0 -1,961
ViacomCBS (VIAC) 0% 2.0 16% 24,476 19,424 15,438 0 3,925 4,615 9,041
Tencent Music (TME) 0% 44,605 6,833 0 0 0 0 -0

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash395152846112123431327668031225222819712117623032524421734624435115511,419225251326
Accounts Receivable565662586161625962607069849610799105111121138148150147157170166171168177181184414390402
Inventory
PP&E1401381371353903913943994054044084054614935045045055335436236306496556817007117197257387437661,0951,1211,144
Assets1,2271,2381,2341,2371,2471,2741,2501,2561,2571,2851,3341,3461,7231,9321,8722,0492,0472,0922,1432,5582,6452,7212,7832,7662,9703,0143,2613,2333,3013,3394,2136,9957,0017,104
Accounts Payable3322222222233556345635533483668161213
Long-Term Debt8258248328228348548448608458508788951,2571,3081,2311,3001,3001,3001,2311,7001,8001,8001,8001,8001,9001,9001,9001,8371,8361,8002,5704,0004,1004,100
Liabilities1,0641,0811,0861,0861,0871,1111,1061,1111,1061,1271,1601,1691,5431,7371,6551,6601,6371,6751,7142,1202,1882,2632,2902,2612,3982,4252,2682,2422,2682,2433,0265,0164,9885,051
Stockholders' Equity1251251231251351501441451521591741771801952163894104174294384574584935045725899939911,0331,0961,1871,3291,3631,403
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue76778581991031277884889691107132178133143151169174197204238203227219234226250279328518508517
Cost of Revenue
Gross Profit
R&D
SG&A344344545466105876101116979888781111482114
Tax1142810-02443119214841061212474811-1346152231823
Net Income32831216-21575121431612715918-03611811516620456288-184459
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating201271845-1188269161359462935023281658105-06055661483892481150
Cash Investing-4-2-7-4-6-6-8-6-6-41-3-333-142-25-3-6-191-7-420-28-21-10-293-12077-13-8-14-11-2,562-37-47
Cash Financing-11-3-10-1-21-280002-035996-70168-0-004156817-0-879-2237-26-2-371,344-18-28