Gray Media Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	182	135	21	61	189	773
Cash & Short-Term Investments	182	135	21	61	189	773
Cash Growth	163.77%	542.86%	-65.57%	-67.73%	-75.55%	264.62%
Accounts Receivable	204	337	342	650	624	425
Other Receivables	6	6	21	22	21	21
Receivables	210	343	363	672	645	446
Prepaid Expenses	28	21	48	54	54	61
Other Current Assets	65	42	36	70	75	24
Total Current Assets	485	541	468	857	963	1,304
Property, Plant & Equipment	1,600	1,646	1,676	1,541	1,235	794
Long-Term Investments	56	66	85	105	117	72
Goodwill	2,642	2,642	2,643	2,663	2,649	1,460
Other Intangible Assets	5,490	5,601	5,735	5,967	6,128	3,974
Other Long-Term Assets	39	46	33	19	16	39
Total Assets	10,321	10,542	10,640	11,152	11,108	7,643
Accounts Payable	18	75	23	55	59	10
Accrued Expenses	380	355	267	247	227	158
Current Portion of Long-Term Debt	35	20	15	15	15	-
Current Portion of Leases	10	10	11	10	9	7
Current Income Taxes Payable	7	5	22	15	10	20
Current Unearned Revenue	28	29	23	24	14	22
Other Current Liabilities	41	33	34	43	50	38
Total Current Liabilities	519	527	395	409	384	255
Long-Term Debt	5,608	5,601	6,145	6,440	6,740	3,974
Long-Term Leases	61	62	69	68	63	51
Pension & Post-Retirement Benefits	-	-	-	-	24	43
Long-Term Deferred Tax Liabilities	1,310	1,347	1,359	1,454	1,471	885
Other Long-Term Liabilities	15	72	51	15	19	32
Total Liabilities	7,513	7,609	8,019	8,386	8,701	5,240
Common Stock	1,272	1,255	1,224	1,195	1,166	1,144
Retained Earnings	1,237	1,375	1,084	1,242	869	862
Treasury Stock	-323	-317	-314	-309	-251	-214
Comprehensive Income & Other	-28	-30	-23	-12	-27	-39
Total Common Equity	2,158	2,283	1,971	2,116	1,757	1,753
Shareholders' Equity	2,808	2,933	2,621	2,766	2,407	2,403
Total Liabilities & Equity	10,321	10,542	10,640	11,152	11,108	7,643
Total Debt	5,714	5,693	6,240	6,533	6,827	4,032
Net Cash (Debt)	-5,532	-5,558	-6,219	-6,472	-6,638	-3,259
Net Cash Per Share	-57.63	-57.90	-67.60	-69.59	-69.87	-33.60
Filing Date Shares Outstanding	96.79	97.39	94.59	91.15	93.55	94.04
Total Common Shares Outstanding	96.79	95.43	92.77	91.34	93.21	93.79
Working Capital	-34	14	73	448	579	1,049
Book Value Per Share	22.30	23.92	21.25	23.17	18.85	18.69
Tangible Book Value	-5,974	-5,960	-6,407	-6,514	-7,020	-3,681
Tangible Book Value Per Share	-61.72	-62.46	-69.06	-71.32	-75.31	-39.25
Land	382	385	368	290	277	123
Buildings	925	908	868	477	453	305
Machinery	1,120	1,105	1,082	1,027	961	780
Construction In Progress	86	82	81	362	63	54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.