Gray Media, Inc. (GTN)

Gray Media Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	259	368	135	21	61	189
Cash & Short-Term Investments	259	368	135	21	61	189
Cash Growth	23.33%	172.59%	542.86%	-65.57%	-67.73%	-75.55%
Accounts Receivable	178	205	337	342	650	624
Other Receivables	1	6	6	21	22	21
Receivables	179	211	343	363	672	645
Prepaid Expenses	31	25	21	48	54	54
Other Current Assets	54	52	42	36	70	75
Total Current Assets	523	656	541	468	857	963
Property, Plant & Equipment	1,568	1,575	1,646	1,676	1,541	1,235
Long-Term Investments	32	37	66	85	105	117
Goodwill	2,651	2,642	2,642	2,643	2,663	2,649
Other Intangible Assets	5,496	5,466	5,601	5,735	5,967	6,128
Long-Term Accounts Receivable	11	10	9	-	-	-
Other Long-Term Assets	38	54	37	33	19	16
Total Assets	10,319	10,440	10,542	10,640	11,152	11,108
Accounts Payable	130	144	154	23	55	59
Accrued Expenses	245	301	276	267	247	227
Current Portion of Long-Term Debt	-	2	20	15	15	15
Current Portion of Leases	10	10	10	11	10	9
Current Income Taxes Payable	5	5	5	22	15	10
Current Unearned Revenue	21	20	29	23	24	14
Other Current Liabilities	26	34	33	34	43	50
Total Current Liabilities	437	516	527	395	409	384
Long-Term Debt	5,746	5,742	5,601	6,145	6,440	6,740
Long-Term Leases	57	59	62	69	68	63
Pension & Post-Retirement Benefits	-	-	-	-	-	24
Long-Term Deferred Tax Liabilities	1,300	1,300	1,347	1,359	1,454	1,471
Other Long-Term Liabilities	16	18	72	51	15	19
Total Liabilities	7,556	7,635	7,609	8,019	8,386	8,701
Common Stock	1,285	1,277	1,255	1,224	1,195	1,166
Retained Earnings	1,164	1,205	1,375	1,084	1,242	869
Treasury Stock	-332	-323	-317	-314	-309	-251
Comprehensive Income & Other	-4	-4	-30	-23	-12	-27
Total Common Equity	2,113	2,155	2,283	1,971	2,116	1,757
Shareholders' Equity	2,763	2,805	2,933	2,621	2,766	2,407
Total Liabilities & Equity	10,319	10,440	10,542	10,640	11,152	11,108
Total Debt	5,813	5,813	5,693	6,240	6,533	6,827
Net Cash (Debt)	-5,554	-5,445	-5,558	-6,219	-6,472	-6,638
Net Cash Per Share	-57.11	-56.13	-57.90	-67.60	-69.59	-69.87
Filing Date Shares Outstanding	97.68	98.62	97.39	94.59	91.15	93.55
Total Common Shares Outstanding	97.72	96.85	95.43	92.77	91.34	93.21
Working Capital	86	140	14	73	448	579
Book Value Per Share	21.62	22.25	23.92	21.25	23.17	18.85
Tangible Book Value	-6,034	-5,953	-5,960	-6,407	-6,514	-7,020
Tangible Book Value Per Share	-61.75	-61.47	-62.46	-69.06	-71.32	-75.31
Land	393	391	385	368	290	277
Buildings	951	940	908	868	477	453
Machinery	1,161	1,149	1,105	1,082	1,027	961
Construction In Progress	33	32	82	81	362	63

Updated May 7, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q