Gray Media Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-26	-85	375	-76	455	90
Depreciation & Amortization	234	237	269	339	336	221
Stock-Based Compensation	21	22	32	20	31	22
Other Adjustments	24	23	-95	31	10	17
Change in Receivables	26	132	5	308	-26	-30
Changes in Accounts Payable	10	-10	52	-32	-5	22
Changes in Accrued Expenses	68	-6	99	10	17	8
Changes in Income Taxes Payable	-4	-	-17	7	5	-8
Changes in Unearned Revenue	-6	-9	6	-1	10	-12
Changes in Other Operating Activities	-59	-16	35	33	-4	-30
Operating Cash Flow	250	289	751	648	829	300
Operating Cash Flow Growth	-69.81%	-61.52%	15.90%	-21.83%	176.33%	-53.99%
Capital Expenditures	-104	-108	-143	-348	-436	-207
Sale of Property, Plant & Equipment	35	47	14	54	4	5
Purchases of Investments	-	-8	-7	-14	-16	-49
Proceeds from Sale of Investments	12	24	110	-	-	-
Cash Acquisitions	-264	-	-1	-6	-58	-3,765
Proceeds from Business Divestments	-	-	-	6	-	473
Other Investing Activities	-18	-18	-1	17	3	9
Investing Cash Flow	-339	-63	-28	-291	-503	-3,534
Long-Term Debt Issued	2,050	2,110	2,070	300	-	3,050
Long-Term Debt Repaid	-1,832	-1,987	-2,544	-610	-315	-250
Net Long-Term Debt Issued (Repaid)	218	123	-474	-310	-315	2,800
Repurchase of Common Stock	-	-	-	-	-50	-30
Net Common Stock Issued (Repurchased)	-	-	-	-	-50	-30
Common Dividends Paid	-34	-33	-32	-30	-30	-31
Preferred Share Dividends Paid	-53	-52	-52	-52	-52	-52
Other Financing Activities	-9	-31	-51	-5	-7	-37
Financing Cash Flow	66	7	-609	-397	-454	2,650
Net Cash Flow	-23	233	114	-40	-128	-584
Free Cash Flow	146	181	608	300	393	93
Free Cash Flow Growth	-79.38%	-70.23%	102.67%	-23.66%	322.58%	-82.84%
FCF Margin	4.64%	5.85%	16.68%	9.14%	10.69%	3.85%
Free Cash Flow Per Share	1.49	1.87	6.33	3.26	4.23	0.98
Levered Free Cash Flow	299	74	150	-430	11	2,832
Unlevered Free Cash Flow	318.52	382.87	949.63	362.98	656.63	198.11

SEC Filings: 10-K · 10-Q