Gray Television, Inc. (GTN)

Gray Television Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	3,281	3,676	2,413	2,381	2,122
Revenue Growth (YoY)	-10.75%	52.34%	1.34%	12.21%	95.76%
Cost of Revenue	2,383	2,248	1,610	1,392	1,399
Gross Profit	898	1,428	803	989	723
Selling, General & Admin	112	104	159	65	104
Other Operating Expenses	403	334	263	172	141
Operating Expenses	515	438	422	237	245
Operating Income	383	990	381	752	478
Interest Expense / Income	440	354	205	191	227
Other Expense / Income	25	22	8	17	-4
Pretax Income	-82	614	168	544	255
Income Tax	-6	159	78	134	76
Net Income	-76	455	90	410	179
Preferred Dividends	52	52	52	52	52
Net Income Common	-128	403	38	358	127
Net Income Growth	-	960.53%	-89.39%	181.89%	-39.81%
Shares Outstanding (Basic)	92	92	95	96	99
Shares Outstanding (Diluted)	92	93	95	97	100
Shares Change	-1.08%	-2.11%	-2.06%	-3.00%	12.36%
EPS (Basic)	-1.39	4.38	0.40	3.73	1.28
EPS (Diluted)	-1.39	4.33	0.40	3.69	1.27
EPS Growth	-	982.50%	-89.16%	190.55%	-46.41%
Free Cash Flow	300	393	93	542	275
Free Cash Flow Per Share	3.26	4.27	0.98	5.65	2.78
Dividend Per Share	0.320	0.320	0.320	-	-
Gross Margin	27.37%	38.85%	33.28%	41.54%	34.07%
Operating Margin	11.67%	26.93%	15.79%	31.58%	22.53%
Profit Margin	-3.90%	10.96%	1.57%	15.04%	5.98%
Free Cash Flow Margin	9.14%	10.69%	3.85%	22.76%	12.96%
Effective Tax Rate	-	25.90%	46.43%	24.63%	29.80%
EBITDA	697	1,304	594	936	677
EBITDA Margin	21.24%	35.47%	24.62%	39.31%	31.90%
Depreciation & Amortization	339	336	221	201	195
EBIT	358	968	373	735	482
EBIT Margin	10.91%	26.33%	15.46%	30.87%	22.71%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).