Gray Financial Statements From 2010 to 2025

GTN-A Stock  USD 7.12  0.03  0.42%   
Gray Television financial statements provide useful quarterly and yearly information to potential Gray Television investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Gray Television financial statements helps investors assess Gray Television's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Gray Television's valuation are summarized below:
Gross Profit
1.1 B
Profit Margin
0.0569
Market Capitalization
354.7 M
Enterprise Value Revenue
1.9973
Revenue
3.5 B
We have found one hundred twenty available fundamental trends for Gray Television, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to confirm all of Gray Television regular market performance against the performance between 2010 and 2025 to make sure the company can sustain itself down the road. The current year's Market Cap is expected to grow to about 779 M. The current year's Enterprise Value is expected to grow to about 655.5 M

Gray Television Total Revenue

3.96 Billion

Check Gray Television financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gray Television's main balance sheet or income statement drivers, such as Depreciation And Amortization of 409.3 M, Interest Expense of 531.3 M or Total Revenue of 4 B, as well as many indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.094 or PTB Ratio of 0.34. Gray financial statements analysis is a perfect complement when working with Gray Television Valuation or Volatility modules.
  
Check out the analysis of Gray Television Correlation against competitors.
For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.

Gray Television Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.8 B12.2 B5.7 B
Slightly volatile
Short and Long Term Debt Total7.5 B7.2 B3.3 B
Slightly volatile
Other Current Liabilities330.9 M315.1 M134.3 M
Slightly volatile
Total Current Liabilities477 M454.2 M209.5 M
Slightly volatile
Total Stockholder Equity3.2 BB1.4 B
Slightly volatile
Property Plant And Equipment NetB1.9 B743.4 M
Slightly volatile
Accounts Payable27.8 M26.4 M15.6 M
Slightly volatile
Cash22.9 M24.1 M183.3 M
Pretty Stable
Non Current Assets Total12.3 B11.7 B5.2 B
Slightly volatile
Cash And Short Term Investments22.9 M24.1 M183.3 M
Pretty Stable
Net Receivables438.3 M417.4 M270 M
Slightly volatile
Common Stock Shares Outstanding111.1 M105.8 M77.5 M
Slightly volatile
Liabilities And Stockholders Equity12.8 B12.2 B5.7 B
Slightly volatile
Non Current Liabilities Total9.2 B8.8 B4.1 B
Slightly volatile
Other Current Assets101.4 M96.6 M45.8 M
Slightly volatile
Total Liabilities9.7 B9.2 B4.3 B
Slightly volatile
Total Current Assets285.8 M538.2 M496.7 M
Slightly volatile
Short Term Debt25.8 M42.5 M36.4 M
Pretty Stable
Intangible Assets6.9 B6.6 BB
Slightly volatile
Common Stock1.5 B1.4 B878.7 M
Slightly volatile
Current Deferred Revenue47.1 M44.9 M14.7 M
Slightly volatile
Good Will3.2 BB1.3 B
Slightly volatile
Common Stock Total Equity806.3 M1.4 B849.3 M
Slightly volatile
Property Plant And Equipment GrossB2.8 B880.2 M
Slightly volatile
Short Term Investments9.8 M19.1 M14.6 M
Slightly volatile
Long Term Debt7.4 B7.1 BB
Slightly volatile
Long Term Debt Total7.8 B7.4 B3.1 B
Slightly volatile
Deferred Long Term Liabilities1.1 BB581.6 M
Slightly volatile
Long Term Investments102.6 M97.8 M45.5 M
Slightly volatile
Non Current Liabilities Other40.7 M58.6 M36.8 M
Pretty Stable
Property Plant Equipment1.8 B1.7 B691.3 M
Slightly volatile
Other Liabilities1.8 B1.7 B802.8 M
Slightly volatile
Short and Long Term Debt12.8 M13.5 M580.1 M
Slightly volatile
Net Invested Capital6.7 B9.4 B4.9 B
Slightly volatile
Net Working Capital62.4 M65.7 M481.8 M
Slightly volatile
Capital Stock1.8 B2.2 B1.3 B
Slightly volatile
Warrants520 M585 M637.8 M
Slightly volatile
Capital Lease Obligations74.6 M92 M60.3 M
Slightly volatile

Gray Television Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization409.3 M389.9 M128.7 M
Slightly volatile
Interest Expense531.3 M506 M191.9 M
Slightly volatile
Total RevenueB3.8 B1.7 B
Slightly volatile
Gross Profit1.1 BB562.8 M
Slightly volatile
Other Operating Expenses3.5 B3.3 B1.3 B
Slightly volatile
Operating Income462.5 M440.4 M338.2 M
Slightly volatile
EBIT432.3 M411.7 M349 M
Slightly volatile
EBITDA841.6 M801.5 M477.8 M
Slightly volatile
Cost Of Revenue2.9 B2.7 B1.1 B
Slightly volatile
Total Operating Expenses621.9 M592.2 M228.4 M
Slightly volatile
Selling General Administrative135.2 M128.8 M60.4 M
Slightly volatile
Net Income Applicable To Common Shares486.6 M463.4 M187 M
Slightly volatile
Reconciled Depreciation264.9 M432.4 M191.9 M
Slightly volatile
Selling And Marketing Expenses1.6 M1.8 MM
Slightly volatile

Gray Television Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow362.2 M345 M198.5 M
Slightly volatile
Begin Period Cash Flow123 M70.2 M238.2 M
Slightly volatile
Depreciation454 M432.4 M180.1 M
Slightly volatile
Dividends Paid99 M94.3 M87 M
Pretty Stable
Capital Expenditures420.2 M400.2 M144.4 M
Slightly volatile
Total Cash From Operating Activities782.5 M745.2 M342.9 M
Slightly volatile
End Period Cash Flow22.9 M24.1 M230.3 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.270.291.1233
Slightly volatile
Dividend Yield0.0940.08950.0483
Slightly volatile
PTB Ratio0.340.361.4654
Slightly volatile
Days Sales Outstanding55.7736.3464.655
Pretty Stable
Book Value Per Share26.9225.6414.8595
Slightly volatile
Free Cash Flow Yield0.340.330.2131
Slightly volatile
Operating Cash Flow Per Share6.666.343.7266
Slightly volatile
Average Payables4.2 M5.4 M5.8 M
Pretty Stable
Capex To Depreciation0.971.060.6952
Slightly volatile
PB Ratio0.340.361.4654
Slightly volatile
EV To Sales3.782.473.0595
Slightly volatile
Free Cash Flow Per Share3.082.932.2178
Slightly volatile
ROIC0.03420.03110.0547
Pretty Stable
Inventory Turnover79.4360.1240.0
Slightly volatile
Payables Turnover97.9193.2581.1283
Pretty Stable
Sales General And Administrative To Revenue0.03050.03070.0406
Slightly volatile
Average Inventory10 M9.5 M9.3 M
Slightly volatile
Capex To Revenue0.140.120.0746
Slightly volatile
Cash Per Share0.20.212.246
Very volatile
POCF Ratio1.391.465.479
Slightly volatile
Interest Coverage1.340.782.0665
Very volatile
Capex To Operating Cash Flow0.90.620.3975
Slightly volatile
PFCF Ratio2.62.478.647
Slightly volatile
Days Payables Outstanding3.854.056.7598
Slightly volatile
EV To Operating Cash Flow11.8712.515.3176
Slightly volatile
EV To Free Cash Flow16.7121.1327.6089
Pretty Stable
Intangibles To Total Assets0.540.710.6827
Pretty Stable
Current Ratio1.831.073.2058
Slightly volatile
Receivables Turnover5.9710.395.9895
Pretty Stable
Graham Number11.120.7120.0454
Slightly volatile
Shareholders Equity Per Share26.9225.6414.8595
Slightly volatile
Debt To Equity3.862.743.2001
Slightly volatile
Capex Per Share4.574.351.6294
Slightly volatile
Average Receivables28.9 M38 M40.4 M
Pretty Stable
Revenue Per Share33.732.117.9524
Slightly volatile
Interest Debt Per Share68.6265.3538.1618
Slightly volatile
Debt To Assets0.460.530.554
Pretty Stable
Enterprise Value Over EBITDA12.1311.6211.1378
Slightly volatile
Short Term Coverage Ratios20.6522.4363.4029
Slightly volatile
Operating Cycle62.8236.3475.7495
Slightly volatile
Price Book Value Ratio0.340.361.4654
Slightly volatile
Days Of Payables Outstanding3.854.056.7598
Slightly volatile
Price To Operating Cash Flows Ratio1.391.465.479
Slightly volatile
Price To Free Cash Flows Ratio2.62.478.647
Slightly volatile
Operating Profit Margin0.150.110.2424
Slightly volatile
Company Equity Multiplier6.244.675.2351
Slightly volatile
Long Term Debt To Capitalization0.570.630.6786
Very volatile
Total Debt To Capitalization0.580.630.6809
Very volatile
Return On Capital Employed0.06970.0430.0779
Slightly volatile
Debt Equity Ratio3.862.743.2001
Slightly volatile
Ebit Per Revenue0.150.110.2424
Slightly volatile
Quick Ratio1.761.073.075
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.811.362.9497
Slightly volatile
Net Income Per E B T0.460.830.7052
Pretty Stable
Cash Ratio0.04550.04781.4837
Slightly volatile
Cash Conversion Cycle50.1233.1768.4916
Pretty Stable
Operating Cash Flow Sales Ratio0.140.180.2045
Pretty Stable
Days Of Sales Outstanding55.7736.3464.655
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.440.420.6263
Slightly volatile
Cash Flow Coverage Ratios0.110.120.8956
Slightly volatile
Price To Book Ratio0.340.361.4654
Slightly volatile
Fixed Asset Turnover1.861.762.4355
Slightly volatile
Capital Expenditure Coverage Ratio2.141.683.3468
Slightly volatile
Price Cash Flow Ratio1.391.465.479
Slightly volatile
Enterprise Value Multiple12.1311.6211.1378
Slightly volatile
Debt Ratio0.460.530.554
Pretty Stable
Cash Flow To Debt Ratio0.110.120.8956
Slightly volatile
Price Sales Ratio0.270.291.1233
Slightly volatile
Asset Turnover0.360.350.3153
Pretty Stable
Gross Profit Margin0.430.310.3965
Slightly volatile
Price Fair Value0.340.361.4654
Slightly volatile

Gray Television Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap779 M741.9 M1.3 B
Very volatile
Enterprise Value655.5 M624.3 M650.5 M
Slightly volatile

Gray Fundamental Market Drivers

Forward Price Earnings2.0551
Cash And Short Term Investments21 M

About Gray Television Financial Statements

Gray Television stakeholders use historical fundamental indicators, such as Gray Television's revenue or net income, to determine how well the company is positioned to perform in the future. Although Gray Television investors may analyze each financial statement separately, they are all interrelated. For example, changes in Gray Television's assets and liabilities are reflected in the revenues and expenses on Gray Television's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Gray Television. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue44.9 M47.1 M
Total Revenue3.8 BB
Cost Of Revenue2.7 B2.9 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.03  0.03 
Capex To Revenue 0.12  0.14 
Revenue Per Share 32.10  33.70 
Ebit Per Revenue 0.11  0.15 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:
Check out the analysis of Gray Television Correlation against competitors.
For information on how to trade Gray Stock refer to our How to Trade Gray Stock guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.