Last 7 days
-6.3%
Last 30 days
-7.1%
Last 90 days
-0.3%
Trailing 12 Months
-29.5%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-30 | Trelstad Lynn B. | sold | -497,100 | 16.57 | -30,000 | evp and coo, media operations |
2023-08-30 | Trelstad Lynn B. | sold | -109,740 | 16.65 | -6,591 | evp and coo, media operations |
2023-05-01 | Grimes Karen H. | acquired | - | - | 6,039 | - |
2023-05-01 | Epstein Stuart J. | acquired | - | - | 6,039 | - |
2023-05-01 | NOLOP BRUCE P | acquired | - | - | 6,039 | - |
2023-05-01 | McCune Scott K | acquired | - | - | 6,039 | - |
2023-05-01 | Fonseca Lidia | acquired | - | - | 6,039 | - |
2023-04-01 | Witmer Melinda | acquired | - | - | 8,576 | - |
2023-02-28 | Trelstad Lynn B. | sold (taxes) | -72,645 | 17.4 | -4,175 | evp and coo, media operations |
2023-02-28 | Trelstad Lynn B. | sold (taxes) | -829,214 | 17.4 | -47,656 | evp and coo, media operations |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -11.75 | -856 | 4,758 | -% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | new | - | 5,949,440 | 5,949,440 | 0.15% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | -41.00 | 991 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 6,528 | 6,528 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -69,144 | 1,675,970 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -2.48 | -26,082 | 384,032 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.84 | 37,000 | 610,000 | 0.01% |
2023-08-21 | BOKF, NA | sold off | -100 | -68.00 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.64 | -569,486 | 4,939,620 | 0.01% |
2023-08-17 | STANSBERRY ASSET MANAGEMENT, LLC | reduced | -55.44 | -5,920,470 | 4,429,810 | 0.81% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | boston partners | 1.06% | 2,377,752 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 10.52% | 23,487,739 | SC 13G/A | |
Jan 23, 2023 | blackrock inc. | 12.2% | 27,262,784 | SC 13G/A | |
Feb 11, 2022 | boston partners | 5.16% | 11,420,907 | SC 13G | |
Feb 10, 2022 | vanguard group inc | 10.55% | 23,336,977 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 11.9% | 26,368,438 | SC 13G/A | |
Jan 25, 2022 | blackrock inc. | 11.9% | 26,368,438 | SC 13G/A | |
May 12, 2021 | standard general l.p. | 4.8% | 10,613,149 | SC 13D/A | |
May 10, 2021 | vanguard group inc | 10.07% | 22,224,881 | SC 13G/A | |
Mar 17, 2021 | standard general l.p. | 7.0% | 15,375,927 | SC 13D/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 31, 2023 | 4 | Insider Trading | |
Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 30, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 30, 2023 | 144/A | 144/A | |
Aug 23, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 4 | Insider Trading | |
Aug 23, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CHTR | 67.1B | 54.5B | 8.09% | 26.57% | 14.01 | 1.23 | 2.60% | -15.83% |
SIRI | 15.8B | 9.0B | -3.98% | -28.94% | 13.65 | 1.76 | 0.44% | -8.55% |
MID-CAP | ||||||||
NYT | 6.9B | 2.4B | -0.99% | 44.33% | 39.27 | 2.93 | 7.76% | -7.72% |
NXST | 5.1B | 5.3B | -8.37% | -22.64% | 7.27 | 0.97 | 8.13% | -23.40% |
CABO | 3.6B | 1.7B | -1.28% | -35.52% | 33.95 | 2.12 | -1.31% | -70.36% |
DISH | 3.4B | 16.0B | 0.32% | -60.34% | 1.85 | 0.21 | -8.20% | -13.13% |
TGNA | 3.3B | 3.2B | -7.07% | -29.50% | 4.96 | 1.04 | 3.30% | 27.80% |
SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 11.55% | -54.87% | -384.5 | 0.16 | -6.01% | -100.49% |
IHRT | 510.2M | 3.8B | -2.56% | -64.63% | -0.38 | 0.13 | 1.55% | -1758.48% |
DJCO | 406.0M | 64.7M | -2.37% | 15.43% | -24.04 | 6.28 | 36.21% | 47.57% |
GCI | 384.7M | 2.8B | -12.84% | 30.30% | -16.25 | 0.14 | -10.68% | 63.24% |
LEE | 72.3M | 720.8M | 2.74% | -36.68% | -5.33 | 0.09 | -7.74% | -205.58% |
3.6%
3.7%
6.6%
9.8%
52.7%
32.3%
18.9%
Y-axis is the maximum loss one would have experienced if Tegna was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -1.6% | 3,192 | 3,245 | 3,279 | 3,137 | 3,090 | 3,038 | 2,991 | 3,154 | 3,136 | 2,981 | 2,938 | 2,694 | 2,508 | 2,467 | 2,299 | 2,248 | 2,235 | 2,222 | 2,207 | 2,055 | 1,981 |
S&GA Expenses | -0.6% | 409 | 412 | 415 | 410 | 412 | 409 | 396 | 384 | 374 | 362 | 366 | 371 | 359 | 348 | 327 | 310 | 308 | 313 | 315 | 302 | 296 |
EBITDA | - | - | - | - | - | 824 | 828 | 864 | - | - | 969 | 981 | 730 | 727 | 708 | 684 | 810 | 795 | 811 | - | - | - |
EBITDA Margin | - | - | - | - | - | 0.27* | 0.27* | 0.29* | - | - | 0.32* | 0.33* | 0.27* | 0.29* | 0.29* | 0.30* | 0.36* | 0.36* | 0.36* | - | - | - |
Interest Expenses | -0.1% | 173 | 173 | 174 | 176 | 179 | 183 | 186 | 189 | 195 | 200 | 210 | 221 | 222 | 216 | 205 | 192 | 188 | 191 | 192 | 193 | 197 |
Earnings Before Taxes | - | - | - | - | - | - | - | 614 | - | - | - | 637 | - | - | - | 376 | - | 514 | 530 | 509 | 414 | 369 |
EBT Margin | - | - | - | - | - | 0.20* | 0.20* | 0.21* | - | - | 0.21* | 0.22* | 0.14* | 0.15* | 0.15* | 0.16* | 0.23* | 0.23* | 0.24* | - | - | - |
Net Income | 11.4% | 669 | 601 | 630 | 541 | 524 | 499 | 477 | 592 | 596 | 509 | 483 | 322 | 239 | 299 | 286 | 363 | 412 | 424 | 406 | 548 | 494 |
Net Income Margin | -100.0% | - | 0.19* | 0.19* | 0.17* | 0.17* | 0.16* | 0.16* | 0.19* | 0.19* | 0.17* | 0.16* | 0.12* | 0.10* | 0.12* | 0.12* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 738 | 761 | 701 | 638 | 584 | 439 | 578 | 639 | 640 | 760 | 531 | 419 | 350 | 209 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -3.8% | 7,115 | 7,394 | 7,329 | 7,124 | 6,965 | 6,854 | 6,918 | 6,931 | 6,843 | 6,858 | 6,849 | 6,945 | 6,928 | 6,894 | 6,954 | 6,902 | 5,413 | 5,324 | 5,277 | 5,173 | 5,143 |
Current Assets | -18.3% | 1,144 | 1,400 | 1,304 | 1,071 | 885 | 769 | 788 | 757 | 698 | 693 | 673 | 763 | 711 | 647 | 707 | 648 | 537 | 519 | 635 | 531 | 503 |
Cash Equivalents | -28.4% | 489 | 683 | 552 | 377 | 201 | 43.00 | 57.00 | 51.00 | 57.00 | 13.00 | 41.00 | 165 | 173 | 35.00 | 29.00 | 9.00 | 29.00 | 4.00 | 136 | 24.00 | 25.00 |
Net PPE | -0.8% | 442 | 445 | 457 | 457 | 459 | 457 | 467 | 460 | 466 | 470 | 470 | 471 | 481 | 485 | 486 | 471 | 385 | 387 | 375 | 355 | 351 |
Goodwill | 0% | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,969 | 2,969 | 2,969 | 2,967 | 2,951 | 128 | 24.00 | 2,606 | 2,597 | 2,597 | 2,597 |
Liabilities | -0.8% | 4,193 | 4,225 | 4,240 | 4,229 | 4,207 | 4,218 | 4,382 | 4,495 | 4,569 | 4,703 | 4,776 | 5,131 | 5,239 | 5,222 | 5,364 | 5,381 | 3,933 | 3,918 | 3,936 | 3,967 | 4,026 |
Current Liabilities | -12.0% | 333 | 378 | 391 | 395 | 371 | 380 | 375 | 351 | 318 | 389 | 424 | 399 | 317 | 324 | 361 | 375 | 277 | 324 | 369 | 360 | 261 |
LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 |
LT Debt, Non Current | 0.0% | 3,071 | 3,070 | 3,069 | 3,068 | 3,068 | 3,067 | 3,232 | 3,337 | 3,456 | 3,517 | 3,553 | 3,906 | 4,098 | 4,072 | 4,179 | 4,181 | 2,954 | 2,891 | 2,944 | 2,989 | 3,131 |
Shareholder's Equity | -7.8% | 2,904 | 3,151 | 3,072 | 2,878 | 2,742 | 2,619 | 2,520 | 2,420 | 2,259 | 2,139 | 2,058 | 1,800 | 1,675 | 1,658 | 1,590 | 1,522 | 1,480 | 1,405 | 1,341 | 1,206 | 1,117 |
Retained Earnings | 1.4% | 7,989 | 7,880 | 7,898 | 7,704 | 7,583 | 7,480 | 7,459 | 7,351 | 7,249 | 7,152 | 7,076 | 6,847 | 6,730 | 6,726 | 6,655 | 6,586 | 6,553 | 6,488 | 6,430 | 6,284 | 6,202 |
Additional Paid-In Capital | 0% | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 113 | 120 | 140 | 152 | 247 | 252 | 256 | 263 | 301 | 306 | 304 |
Accumulated Depreciation | 1.8% | 635 | 623 | 610 | 599 | 612 | 601 | 587 | 574 | 582 | 570 | 556 | 541 | 544 | 529 | 512 | 515 | 510 | 497 | 483 | 477 | 471 |
Shares Outstanding | -3.0% | 218 | 225 | - | 224 | 224 | 223 | - | 222 | 222 | 221 | - | 220 | 219 | 218 | - | 217 | 217 | 217 | - | 216 | 216 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -7.4% | 728 | 786 | 812 | 760 | 697 | 640 | 502 | 632 | 688 | 686 | 805 | 599 | 494 | 426 | 297 | 409 | 490 | 524 | 527 | 370 | 300 |
Share Based Compensation | -6.6% | 22.00 | 24.00 | 30.00 | 32.00 | 33.00 | 33.00 | 32.00 | 31.00 | 29.00 | 30.00 | 20.00 | 19.00 | 18.00 | 15.00 | 20.00 | 14.00 | 14.00 | 13.00 | 13.00 | 15.00 | 15.00 |
Cashflow From Investing | 9.8% | -43.32 | -48.02 | -51.23 | -59.96 | -58.82 | -53.35 | -69.26 | -80.46 | -72.72 | -67.19 | -59.52 | -64.85 | -1,386 | -1,469 | -1,563 | -1,545 | -240 | -146 | -374 | -329 | -111 |
Cashflow From Financing | -302.8% | -396 | -98.39 | -266 | -374 | -494 | -555 | -416 | -664 | -731 | -640 | -734 | -378 | 1,036 | 1,074 | 1,160 | 1,121 | -245 | -382 | -144 | -430 | -341 |
Dividend Payments | -2.4% | 83.00 | 85.00 | 85.00 | 85.00 | 84.00 | 84.00 | 78.00 | 73.00 | 67.00 | 61.00 | 76.00 | 76.00 | 76.00 | 76.00 | 61.00 | 61.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 |
Buy Backs | - | 1,755 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.00 | 21.00 | 21.00 |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
Income Statement [Abstract] | ||||||
Revenues | $ 731,506 | $ 784,881 | $ 1,471,833 | $ 1,559,004 | ||
Operating expenses: | ||||||
Cost of revenues | [1] | 430,528 | 420,235 | 857,460 | 831,685 | |
Business units - Selling, general and administrative expenses | 97,231 | 99,585 | 196,340 | 201,554 | ||
Corporate - General and administrative expenses | 26,506 | 13,612 | 38,606 | 34,932 | ||
Depreciation | 14,987 | 15,534 | 30,036 | 30,839 | ||
Amortization of intangible assets | 13,296 | 14,999 | 26,878 | 29,999 | ||
Asset impairment and other | 3,359 | (105) | 3,359 | (163) | ||
Merger termination fee | (136,000) | 0 | (136,000) | 0 | ||
Total | 449,907 | 563,860 | 1,016,679 | 1,128,846 | ||
Operating income | 281,599 | 221,021 | 455,154 | 430,158 | ||
Non-operating (expense) income: | ||||||
Equity loss in unconsolidated investments, net | (283) | (236) | (520) | (4,047) | ||
Interest expense | (42,797) | (42,950) | (85,703) | (86,570) | ||
Other non-operating items, net | 5,781 | (1,865) | 11,192 | 15,454 | ||
Total | (37,299) | (45,051) | (75,031) | (75,163) | ||
Income before income taxes | 244,300 | 175,970 | 380,123 | 354,995 | ||
Provision for income taxes | 44,207 | 44,030 | 76,026 | 88,768 | ||
Net Income | 200,093 | 131,940 | 304,097 | 266,227 | ||
Net loss (income) attributable to redeemable noncontrolling interest | 12 | (371) | 311 | (424) | ||
Net income attributable to TEGNA Inc. | $ 200,105 | $ 131,569 | $ 304,408 | $ 265,803 | ||
Earnings per share: | ||||||
Basic (in dollars per share) | $ 0.92 | $ 0.59 | $ 1.37 | $ 1.19 | ||
Diluted (in dollars per share) | $ 0.92 | $ 0.59 | $ 1.37 | $ 1.19 | ||
Weighted average number of common shares outstanding: | ||||||
Basic shares (in shares) | 217,830 | 223,675 | 221,168 | 223,197 | ||
Diluted shares (in shares) | 217,979 | 224,489 | 221,391 | 223,867 | ||
|
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets | ||
Cash and cash equivalents | $ 489,373 | $ 551,681 |
Accounts receivable, net of allowances of $4,249 and $3,697, respectively | 593,410 | 658,318 |
Other receivables | 10,534 | 13,493 |
Syndicated programming rights | 17,326 | 44,064 |
Prepaid expenses and other current assets | 33,257 | 36,152 |
Total current assets | 1,143,900 | 1,303,708 |
Property and equipment | ||
Cost | 1,076,634 | 1,067,191 |
Less accumulated depreciation | (634,853) | (610,138) |
Net property and equipment | 441,781 | 457,053 |
Intangible and other assets | ||
Goodwill | 2,981,587 | 2,981,587 |
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $263,484 and $348,087, respectively | 2,355,561 | 2,381,606 |
Right-of-use assets for operating leases | 73,605 | 78,448 |
Investments and other assets | 118,839 | 126,494 |
Total intangible and other assets | 5,529,592 | 5,568,135 |
Total assets | 7,115,273 | 7,328,896 |
Current liabilities | ||
Accounts payable | 78,788 | 76,212 |
Accrued liabilities | ||
Compensation | 38,598 | 50,339 |
Interest | 44,625 | 45,480 |
Contracts payable for programming rights | 99,593 | 117,743 |
Other | 67,724 | 78,265 |
Income taxes payable | 3,416 | 22,985 |
Total current liabilities | 332,744 | 391,024 |
Noncurrent liabilities | ||
Deferred income tax liability | 574,975 | 556,131 |
Long-term debt | 3,071,026 | 3,069,316 |
Pension liabilities | 73,380 | 73,684 |
Operating lease liabilities | 74,231 | 79,503 |
Other noncurrent liabilities | 66,653 | 70,098 |
Total noncurrent liabilities | 3,860,265 | 3,848,732 |
Total liabilities | 4,193,009 | 4,239,756 |
Commitments and contingent liabilities (see Note 9) | ||
Redeemable noncontrolling interest (see Note 1) | 18,106 | 17,418 |
Shareholders’ equity | ||
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued | 324,419 | 324,419 |
Additional paid-in capital | 27,941 | 27,941 |
Retained earnings | 7,989,312 | 7,898,055 |
Accumulated other comprehensive loss | (123,467) | (125,533) |
Less treasury stock at cost, 122,978,320 shares and 100,970,426 shares, respectively | (5,314,047) | (5,053,160) |
Total equity | 2,904,158 | 3,071,722 |
Total liabilities, redeemable noncontrolling interest and equity | $ 7,115,273 | $ 7,328,896 |