TGNA · As filed with the SEC
Tegna cash flow statement, by fiscal year
The statement as Tegna presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net income | 219,472,000 | 599,043,000 | 476,347,000 | 631,198,000 | 478,197,000 | 482,763,000 | 286,235,000 | 405,665,000 |
| Adjustments to reconcile net income to net cash flow from operating activities: | ||||||||
| Depreciation | — | — | — | — | — | — | 60,525 | 55,949 |
| Amortization of intangible assets | — | — | — | — | — | — | 50,104 | 30,838 |
| Depreciation | 61,646,000 | 59,935,000 | 59,769,000 | 61,195,000 | 64,841,000 | 66,880,000 | — | — |
| Amortization of intangible assets | 35,347,000 | 53,600,000 | 53,467,000 | 59,882,000 | 63,011,000 | 67,690,000 | — | — |
| Employee stock-based compensation awards | 26,178,000 | 38,532,000 | 24,497,000 | 30,481,000 | 31,515,000 | 20,306,000 | 20,146,000 | 12,531,000 |
| Company stock 401(k) contribution | — | — | — | — | 17,142 | 16,469 | 9,558 | — |
| Loss on sale of CareerBuilder | — | — | — | — | — | — | 0 | 0 |
| Company stock 401(k) match contributions | 16,416,000 | 18,702,000 | 18,629,000 | 18,661,000 | — | — | — | — |
| Amortization of deferred financing costs, debt discounts and premiums | 5,644,000 | 6,193,000 | 7,058,000 | 6,919,000 | 8,323,000 | 20,251,000 | — | — |
| Losses (gains) on assets | — | — | — | — | 0 | 12,457 | (7,402) | (4,991) |
| Provision for deferred income taxes | — | — | — | — | — | 8,533 | 22,064 | 17,258 |
| Equity income in unconsolidated investees, net | — | — | — | — | — | — | (10,149) | (13,792) |
| Gains on assets | — | — | (25,809) | (18,308) | — | — | — | — |
| Gain on investment sales | 0 | (153,626,000) | — | — | — | — | — | — |
| Provision for deferred income taxes | 14,626,000 | (3,807,000) | 19,737,000 | 17,476,000 | 9,916,000 | — | — | — |
| Merger termination fee | — | — | (136,000) | — | — | — | — | — |
| Equity loss in unconsolidated investments, net | — | 946 | 877 | 4,473 | 9,713 | (10,397) | — | — |
| Merger termination fee | 0 | 0 | — | — | — | — | — | — |
| Pension expense, net of employer contributions | 1,789,000 | 9,514,000 | 5,559,000 | (3,487,000) | (19,139,000) | (10,400,000) | (19,447,000) | (42,015,000) |
| Spectrum channel share proceeds | — | — | — | — | — | — | 0 | 0 |
| Change in operating assets and liabilities, net of acquisitions: | ||||||||
| Decrease in trade receivables | 99,000 | 22,071,000 | 34,726,000 | (15,365,000) | (88,687,000) | 27,474,000 | (86,245,000) | (5,351,000) |
| Increase (decrease) in accounts payable | 5,938,000 | (27,613,000) | 38,739,000 | 3,216,000 | 14,947,000 | 7,245,000 | (29,526,000) | 29,357,000 |
| Increase (decrease) in interest and taxes payable | — | 43,550,000 | (14,977,000) | 15,330,000 | (53,303,000) | 66,466,000 | (8,284,000) | 22,895,000 |
| (Decrease) increase in interest and taxes payable | (66,220,000) | — | — | — | — | — | — | — |
| Increase (decrease) in deferred revenue | 4,573,000 | (2,973,000) | 2,810,000 | (2,151,000) | 1,589,000 | 1,013,000 | 1,007,000 | 898,000 |
| Changes in other assets and liabilities, net | 487,000 | 20,900,000 | 21,820,000 | 2,631,000 | (36,453,000) | 28,386,000 | 8,887,000 | 17,967,000 |
| Net cash flow from operating activities | 325,995,000 | 684,967,000 | 587,249,000 | 812,151,000 | 501,612,000 | 805,136,000 | 297,473,000 | 527,209,000 |
| Cash flows from investing activities: | ||||||||
| Purchase of property and equipment | (43,430,000) | (52,440,000) | (54,694,000) | (51,333,000) | (63,076,000) | (45,499,000) | (88,356,000) | (65,230,000) |
| Reimbursement from spectrum repacking | — | — | 0 | 323 | 4,942 | 13,180 | 16,974 | 7,400 |
| Reimbursements from spectrum repacking | — | 0 | — | — | — | — | — | — |
| Payments for acquisitions of businesses and assets, net of cash acquired | (1,745,000) | (54,249,000) | (1,150,000) | 0 | (13,335,000) | (34,841,000) | (1,514,183,000) | (328,433,000) |
| Payments for investments | (3,690,000) | (20,776,000) | (370,000) | (5,691,000) | (1,791,000) | (2,415,000) | (4,986,000) | (11,677,000) |
| Proceeds from investments | 3,201,000 | 158,976,000 | 28,105,000 | 4,997,000 | 3,701,000 | 5,028,000 | 4,698,000 | 7,189,000 |
| Proceeds from sale of assets | — | 258,000 | 120,000 | 472,000 | 303,000 | 5,026,000 | 22,383,000 | 16,335,000 |
| Proceeds from insurance settlements | — | — | — | — | — | — | 0 | 0 |
| Proceeds from sale of assets | 690,000 | — | — | — | — | — | — | — |
| Net cash flow (used for) provided by investing activities | (44,974,000) | 31,769,000 | (27,989,000) | (51,232,000) | (69,256,000) | (59,521,000) | (1,563,470,000) | (374,416,000) |
| Cash flows from financing activities: | ||||||||
| Proceeds from (payments of) borrowings under revolving credit facilities, net | — | — | — | — | — | — | — | 50,000 |
| Proceeds from (payments of) borrowings under revolving credit facilities, net | — | — | — | — | — | — | 853,000 | — |
| Proceeds from Cars.com borrowings | — | — | — | — | — | — | 0 | 0 |
| Proceeds from borrowings | — | — | — | — | — | — | 1,100,000 | 0 |
| Debt repayment | (550,000,000) | — | — | — | — | — | — | — |
| Repurchase of Common Stock | 0 | (274,827,000) | (652,914,000) | — | — | 0 | 0 | (5,831,000) |
| Net settlement of stock for tax withholding and proceeds from stock option exercises | — | — | — | — | — | (9,208) | (819) | (2,436) |
| Debt repayments | — | — | 0 | 0 | (137,000) | (1,623,000) | (710,000) | (121,146) |
| Payments for debt issuance and premiums for early redemption costs | — | — | — | — | — | — | (22,018) | (5,269) |
| Payments for debt issuance and premiums for early redemption costs | — | — | 0 | 0 | (1,256) | (41,378) | — | — |
| Proceeds from sale of minority ownership interest in Premion | — | — | — | 0 | 0 | 14,000 | — | — |
| Other, net | — | — | (13,457) | (15,471) | — | — | — | — |
| Payments under revolving credit facilities, net | — | 0 | 0 | (166,000) | (189,000) | (548,000) | — | — |
| Dividends paid | (80,459,000) | (81,364,000) | (83,534,000) | (84,756,000) | (78,465,000) | (76,465,000) | (60,624,000) | (60,290,000) |
| Other, net | — | — | — | — | (10,614) | — | — | — |
| Proceeds from borrowings | — | — | — | 0 | 0 | 1,550,000 | — | — |
| Payments for debt issuance costs | 0 | (6,448,000) | — | — | — | — | — | — |
| Payments for acquisition-related earnout consideration | (6,364,000) | (4,667,000) | — | — | — | — | — | — |
| Repurchase of noncontrolling interest in Premion | (20,845,000) | — | — | — | — | — | 0 | 0 |
| Cash transferred to the Cars.com business | — | — | — | — | — | — | 0 | 0 |
| Deferred payments for acquisitions | — | — | — | — | — | — | — | 0 |
| Payments for tax withholding related to vested stock-based compensation awards and share repurchase excise tax | (25,327,000) | (17,252,000) | — | — | — | — | — | — |
| Net cash flow used for financing activities | (682,995,000) | (384,558,000) | (749,905,000) | (266,227,000) | (416,335,000) | (734,051,000) | 1,159,539,000 | (144,972,000) |
| (Decrease) increase in cash and cash equivalents | (401,974,000) | 332,178,000 | (190,645,000) | 494,692,000 | 16,021,000 | 11,564,000 | (106,458,000) | 7,821,000 |
| Balance of cash, cash equivalents and restricted cash at beginning of year | — | — | — | — | 40,968 | 29,404 | 135,862 | 128,041 |
| Balance of cash, cash equivalents and restricted cash at end of year | — | — | — | — | — | 40,968 | 29,404 | 135,862 |
| Balance of cash and cash equivalents at beginning of year | 693,214,000 | 361,036,000 | 551,681,000 | 56,989,000 | 40,968,000 | 29,404,000 | 135,862,000 | 128,041,000 |
| Cash, cash equivalents and restricted cash from discontinued operations, beginning of year | — | — | — | — | — | — | 0 | 0 |
| Balance of cash and cash equivalents at end of year | 291,240,000 | 693,214,000 | 361,036,000 | 551,681,000 | 56,989,000 | — | — | 135,862,000 |
| Cash, cash equivalents and restricted cash from discontinued operations, end of year | — | — | — | — | — | — | — | 0 |
| Supplemental cash flow information: | ||||||||
| Cash paid for income taxes, net of refunds | 113,142,000 | 134,123,000 | 126,138,000 | 171,095,000 | 179,164,000 | 84,889,000 | — | — |
| Cash paid for interest | 161,244,000 | 164,406,000 | 166,132,000 | 167,533,000 | 179,803,000 | 200,766,000 | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.