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Asset logo for symbol TGNA
TEGNA
TGNA63
$18.40arrow_drop_up1.51%$0.27
Asset logo for symbol TGNA
TGNA63

$18.40

arrow_drop_up1.51%

Income Statement (TGNA)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$234.21M$141.91M$140.35M$149.55M$167.47M
EBITDA$263.22M$170.75M$168.32M$177.49M$195.85M
gross Profit$368.97M$249.48M$283.68M$275.72M$274.98M
NET Income$146.80M$81.64M$188.90M$75.64M$95.90M
total Revenue$806.82M$710.36M$714.25M$725.85M$713.24M

Balance Sheet (TGNA)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$2.60B$2.69B$2.71B$2.79B$2.59B
stockholders Equity$2.87B$2.80B$2.79B$2.70B$2.96B
total Assets$7.19B$7.08B$7.10B$7.00B$7.19B
total Debt$3.14B$3.14B$3.14B$3.15B$3.14B
total Liabilities$4.30B$4.26B$4.28B$4.27B$4.21B

Cash Flow (TGNA)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$97.01M-$95.22M-$116.87M-$345.51M-$50.50M
free Cash Flow$186.92M$108.80M$95.46M$154.16M$86.54M
investing Cash Flow----$12.81M
operating Cash Flow$196.76M$124.77M$100.38M$178.41M$101.35M

TEGNA (TGNA) Financials

TEGNA Inc (TGNA) is a media company that operates various television stations and digital platforms in the United States. The company's financials for the past year reflect a strong performance across several key metrics. In terms of revenue, TEGNA reported a total revenue of $2.92 billion, which represents a 19% increase compared to the previous year. This growth was driven by solid advertising demand and increased retransmission consent fees. The company's gross profit also showed a positive trend, reaching $1.83 billion, a 15% increase year-over-year.
TEGNA's profitability was evident in its net income from stockholders, which stood at $257 million, a significant improvement compared to the previous year. The company's operating cash flow was also strong, totaling $711 million, reflecting efficient management of its operations. TEGNA's balance sheet remains healthy, with total assets of $7.11 billion, including cash equivalents of $210 million. The company's stockholders equity stands at $2.84 billion, indicating a solid financial position. Despite its strong performance, TEGNA has some level of debt, with total debt amounting to $5.27 billion, resulting in a net debt of $5.06 billion.
TEGNA's financial results highlight its ability to generate consistent cash flow. The company's free cash flow for the year was $412 million, providing flexibility for future investments and potential acquisitions. In terms of cash flow from operations, TEGNA generated $746 million, reflecting its strong operational efficiency. The company's financing cash flow was mainly driven by debt repayments and dividend payments, amounting to $487 million. On the other hand, TEGNA's investing cash flow was focused on capital expenditures and strategic investments, totaling $421 million.
In summary, TEGNA Inc (TGNA) has demonstrated strong financial performance, with solid growth in revenue, profit, and cash flow. The company's balance sheet remains healthy, supported by a strong stockholders equity and a manageable level of debt. TEGNA's consistent cash flow generation provides opportunities for future investments and demonstrates the company's commitment to delivering value to its shareholders.
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