TEGNA (TGNA) Financials

$16.08 +0.32 (+2.04%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$16.10 +0.01 (+0.09%)

As of 04/17/2025 04:26 PM Eastern

Annual Income Statements for TEGNA

This table shows TEGNA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	460	437	274	406	286	483	477	630	477	600
Consolidated Net Income / (Loss)	523	488	215	406	286	483	478	631	476	599
Net Income / (Loss) Continuing Operations	230	309	448	401	286	483	478	631	476	599
Total Pre-Tax Income	346	449	311	509	376	637	614	834	607	773
Total Operating Income	630	708	546	698	559	871	802	991	734	785
Total Gross Profit	1,037	1,209	969	1,141	1,071	1,434	1,392	1,586	1,192	1,346
Total Revenue	1,765	2,004	1,903	2,207	2,299	2,938	2,991	3,279	2,911	3,102
Operating Revenue	1,765	2,004	1,903	2,207	2,299	2,938	2,991	3,279	2,911	3,102
Total Cost of Revenue	728	795	934	1,066	1,228	1,503	1,599	1,693	1,719	1,756
Operating Cost of Revenue	-	795	934	1,066	1,228	1,503	1,599	1,693	1,719	1,756
Total Operating Expenses	406	500	423	443	512	564	590	595	459	561
Selling, General & Admin Expense	379	390	342	368	407	439	465	475	478	446
Depreciation Expense	62	55	55	56	61	67	65	61	60	60
Amortization Expense	25	23	22	31	50	68	63	60	53	54
Impairment Charge	-59	32	4.43	-12	-5.34	-	-2.31	-0.32	3.36	1.10
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	0.00	-136	0.00
Total Other Income / (Expense), net	-285	-259	-235	-190	-183	-234	-189	-157	-127	-12
Interest Expense	273	232	210	192	205	210	186	174	173	169
Interest & Investment Income	-2.80	-3.41	10	14	10	10	-9.71	6.92	29	27
Other Income / (Expense), net	-8.68	-23	-35	-11	12	-34	6.82	10	17	130
Income Tax Expense	116	140	-137	107	89	154	135	202	130	174
Net Income / (Loss) Attributable to Noncontrolling Interest	63	51	-59	0.00	0.00	-0.02	1.24	0.73	-0.38	-0.78
Basic Earnings per Share	-	$2.02	$1.27	$1.88	$1.32	$2.20	$2.15	$2.82	$2.29	$3.55
Weighted Average Basic Shares Outstanding	224.69M	216.36M	215.59M	216.18M	217.14M	219.23M	221.50M	223.65M	207.59M	168.43M
Diluted Earnings per Share	-	$1.99	$1.26	$1.87	$1.31	$2.19	$2.14	$2.81	$2.28	$3.53
Weighted Average Diluted Shares Outstanding	229.72M	219.68M	217.48M	216.62M	217.98M	219.73M	222.47M	224.49M	207.95M	169.17M
Weighted Average Basic & Diluted Shares Outstanding	225.30M	216.20M	215.50M	215.80M	217.82M	219.66M	221.54M	223.55M	176.11M	159.90M
Cash Dividends to Common per Share	$0.68	$0.56	$0.35	$0.28	$0.28	$0.28	$0.36	$0.38	$0.42	$0.49

This table shows TEGNA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	146	219	104	200	96	76	190	82	147	181
Consolidated Net Income / (Loss)	146	219	104	200	96	76	189	82	147	181
Net Income / (Loss) Continuing Operations	146	219	104	200	96	76	189	82	147	181
Total Pre-Tax Income	190	289	136	244	124	102	251	103	192	227
Total Operating Income	232	328	174	282	135	144	138	142	230	275
Total Gross Profit	374	484	313	301	275	303	284	278	369	415
Total Revenue	803	917	740	732	713	726	714	710	807	871
Operating Revenue	803	917	740	732	713	726	714	710	807	871
Total Cost of Revenue	429	433	427	431	438	423	431	432	438	456
Operating Cost of Revenue	429	433	427	431	438	423	431	432	438	456
Total Operating Expenses	142	156	140	19	140	159	146	136	139	139
Selling, General & Admin Expense	112	126	111	124	112	131	117	108	110	112
Depreciation Expense	15	15	15	15	15	15	14	15	16	15
Amortization Expense	15	15	14	13	13	13	14	14	13	13
Total Other Income / (Expense), net	-42	-40	-38	-37	-11	-41	113	-39	-38	-48
Interest Expense	43	44	43	43	43	44	42	42	42	43
Interest & Investment Income	-0.18	11	7.57	8.54	7.39	5.79	5.57	5.87	7.02	8.52
Other Income / (Expense), net	1.31	-6.73	-2.40	-3.04	25	-3.38	150	-2.75	-2.70	-14
Income Tax Expense	44	70	32	44	28	26	61	21	45	47
Net Income / (Loss) Attributable to Noncontrolling Interest	0.09	0.21	-0.30	-0.01	0.07	-0.14	-0.30	-0.12	-0.26	-0.10
Basic Earnings per Share	$0.65	$0.98	$0.46	$0.92	$0.48	$0.43	$1.06	$0.48	$0.89	$1.12
Weighted Average Basic Shares Outstanding	223.97M	223.65M	224.54M	217.83M	200.78M	207.59M	177.82M	169.51M	165.19M	168.43M
Diluted Earnings per Share	$0.65	$0.97	$0.46	$0.92	$0.48	$0.42	$1.06	$0.48	$0.89	$1.10
Weighted Average Diluted Shares Outstanding	224.92M	224.49M	224.84M	217.98M	201.22M	207.95M	178.44M	169.88M	165.75M	169.17M
Weighted Average Basic & Diluted Shares Outstanding	223.29M	223.55M	225.03M	201.52M	196.97M	176.11M	169.61M	165.43M	161.12M	159.90M

This table details how cash moves in and out of TEGNA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	11	-57	23	7.82	-106	12	16	495	-191	332
Net Cash From Operating Activities	651	679	389	527	297	805	502	812	587	685
Net Cash From Continuing Operating Activities	651	679	389	527	297	805	502	812	587	685
Net Income / (Loss) Continuing Operations	523	488	215	406	286	483	478	631	476	599
Consolidated Net Income / (Loss)	523	488	215	406	286	483	478	631	476	599
Depreciation Expense	141	90	75	56	61	67	65	61	60	60
Amortization Expense	121	115	62	42	62	88	71	67	61	60
Non-Cash Adjustments To Reconcile Net Income	-167	70	389	-48	-7.29	28	39	32	-112	-86
Changes in Operating Assets and Liabilities, net	34	-84	-351	72	-104	139	-152	21	103	52
Net Cash From Investing Activities	217	-273	176	-374	-1,563	-60	-69	-51	-28	32
Net Cash From Continuing Investing Activities	217	-273	176	-374	-1,563	-60	-69	-51	-28	32
Purchase of Property, Plant & Equipment	-119	-95	-77	-65	-88	-45	-63	-51	-55	-52
Acquisitions	-54	-206	0.00	-328	-1,514	-35	-13	0.00	-1.15	-54
Purchase of Investments	-34	-21	-6.41	-12	-4.99	-2.42	-1.79	-5.69	-0.37	-21
Divestitures	411	8.44	205	16	22	5.03	0.30	0.47	0.12	0.26
Sale and/or Maturity of Investments	12	40	38	7.19	4.70	5.03	3.70	5.00	28	159
Other Investing Activities, net	0.00	0.00	16	7.40	17	13	4.94	0.32	0.00	0.00
Net Cash From Financing Activities	-858	-462	-543	-145	1,160	-734	-416	-266	-750	-385
Net Cash From Continuing Financing Activities	-858	-462	-543	-145	1,160	-734	-416	-266	-750	-385
Repayment of Debt	-515	-354	-1,057	-76	-732	-2,222	-338	-166	0.00	-6.45
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-15	-13	-17
Repurchase of Common Equity	-296	-162	-23	-5.83	-	-	0.00	0.00	-653	-275
Payment of Dividends	-177	-141	-133	-60	-61	-76	-78	-85	-84	-81
Other Financing Activities, net	-70	-20	-3.93	-2.44	-0.82	14	-	0.00	0.00	-4.67
Cash Interest Paid	265	-	-	182	186	201	180	168	166	164
Cash Income Taxes Paid	106	-	-	63	84	85	179	171	126	134

This table details how cash moves in and out of TEGNA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	176	175	131	-194	64	-192	70	15	91	157
Net Cash From Operating Activities	209	211	170	137	101	178	100	125	210	250
Net Cash From Continuing Operating Activities	209	211	170	137	101	178	100	125	210	250
Net Income / (Loss) Continuing Operations	146	219	104	200	96	76	189	82	147	181
Consolidated Net Income / (Loss)	146	219	104	200	96	76	189	82	147	181
Depreciation Expense	30	-30	29	28	28	-26	28	29	29	-26
Non-Cash Adjustments To Reconcile Net Income	10	9.63	11	-125	-14	15	-135	13	13	24
Changes in Operating Assets and Liabilities, net	23	-54	27	33	-9.54	52	18	0.88	21	12
Net Cash From Investing Activities	-12	-15	-4.12	-12	13	-25	86	-15	-23	-17
Net Cash From Continuing Investing Activities	-12	-15	-4.12	-12	13	-25	86	-15	-23	-17
Purchase of Property, Plant & Equipment	-12	-16	-2.85	-12	-15	-25	-4.91	-16	-15	-16
Acquisitions	-	-	-1.15	-	-	-	-53	-	-	-1.45
Purchase of Investments	-0.01	-0.98	-0.16	-0.17	-0.03	-0.01	-8.99	-0.80	-9.59	-1.39
Sale and/or Maturity of Investments	-	1.55	0.02	-	28	0.46	153	2.17	2.33	1.61
Net Cash From Financing Activities	-21	-21	-35	-319	-51	-346	-117	-95	-97	-75
Net Cash From Continuing Financing Activities	-21	-21	-35	-319	-51	-346	-117	-95	-97	-75
Repurchase of Common Equity	-	-	0.00	-300	-28	-325	-82	-72	-70	-50
Payment of Dividends	-21	-21	-21	-19	-23	-20	-20	-21	-20	-20
Other Financing Activities, net	-	-	-	-	-	13	-	-	-	12
Cash Interest Paid	74	9.24	74	9.20	74	9.21	74	8.38	73	8.55
Cash Income Taxes Paid	44	47	0.91	73	27	25	1.04	47	27	59

This table presents TEGNA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	8,506	8,543	4,962	5,277	6,954	6,849	6,918	7,329	7,000	7,327
Total Current Assets	805	791	637	635	707	673	788	1,304	1,050	1,360
Cash & Equivalents	129	16	99	136	29	41	57	552	361	693
Accounts Receivable	575	407	439	446	601	565	658	672	634	616
Inventories, net	-	39	38	35	50	47	53	44	32	28
Prepaid Expenses	94	24	61	18	27	20	20	36	24	23
Plant, Property, & Equipment, net	458	375	335	375	486	470	467	457	452	444
Plant, Property & Equipment, gross	984	805	783	858	998	1,026	1,054	1,067	1,078	1,094
Accumulated Depreciation	526	430	447	483	512	556	587	610	626	650
Total Noncurrent Assets	7,242	7,377	3,990	4,266	5,761	5,706	5,663	5,568	5,498	5,522
Long-Term Investments	257	181	137	143	145	136	153	126	114	133
Goodwill	3,920	2,579	2,579	2,597	2,951	2,969	2,982	2,982	2,982	3,016
Intangible Assets	3,065	1,295	1,273	1,526	2,562	2,504	2,441	2,382	2,329	2,310
Other Noncurrent Operating Assets	-	-	-	0.00	103	97	87	78	73	64
Total Liabilities & Shareholders' Equity	8,506	8,543	4,962	5,277	6,954	6,849	6,918	7,329	7,000	7,327
Total Liabilities	6,025	5,943	3,967	3,936	5,364	4,776	4,382	4,240	4,276	4,301
Total Current Liabilities	607	619	325	369	361	424	375	391	423	466
Accounts Payable	125	66	53	83	52	58	73	76	115	87
Accrued Expenses	131	72	58	49	61	78	91	78	83	75
Current Deferred & Payable Income Tax Liabilities	16	11	0.00	19	3.33	64	11	23	6.01	51
Current Employee Benefit Liabilities	116	54	54	53	64	46	55	50	55	64
Other Current Liabilities	-	65	105	112	120	131	99	118	120	143
Other Current Nonoperating Liabilities	55	319	39	37	46	47	46	45	45	45
Total Noncurrent Liabilities	5,418	5,324	3,642	3,567	5,002	4,351	4,006	3,849	3,853	3,835
Long-Term Debt	4,169	4,043	3,007	2,944	4,179	3,553	3,232	3,069	3,073	3,076
Noncurrent Deferred & Payable Income Tax Liabilities	883	649	382	397	516	530	548	556	578	579
Noncurrent Employee Benefit Liabilities	179	187	144	139	127	86	58	74	70	66
Other Noncurrent Operating Liabilities	169	75	88	72	173	182	168	150	131	114
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	25	46	-	-	0.00	15	16	17	19	20
Total Equity & Noncontrolling Interests	2,457	2,553	995	1,341	1,590	2,058	2,520	3,072	2,705	3,005
Total Preferred & Common Equity	2,192	2,271	995	1,341	1,590	2,058	2,520	3,072	2,705	3,005
Total Common Equity	2,192	2,271	995	1,341	1,590	2,058	2,520	3,072	2,705	3,005
Common Stock	864	798	707	626	572	438	352	352	352	352
Retained Earnings	7,111	7,385	6,063	6,430	6,655	7,076	7,459	7,898	8,091	8,550
Treasury Stock	-5,652	-5,750	-5,668	-5,578	-5,494	-5,334	-5,195	-5,053	-5,619	-5,791
Accumulated Other Comprehensive Income / (Loss)	-131	-162	-107	-137	-143	-121	-97	-126	-120	-107

This table presents TEGNA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	7,124	7,394	7,115	7,195	7,105	7,089	7,199
Total Current Assets	1,071	1,400	1,144	1,242	1,096	1,099	1,216
Cash & Equivalents	377	683	489	553	431	446	536
Accounts Receivable	599	648	604	616	616	616	616
Inventories, net	56	33	17	42	21	11	37
Prepaid Expenses	40	36	33	32	28	26	27
Plant, Property, & Equipment, net	457	445	442	441	443	446	443
Plant, Property & Equipment, gross	1,056	1,069	1,077	1,058	1,083	1,080	1,084
Accumulated Depreciation	599	623	635	616	640	634	641
Total Noncurrent Assets	5,597	5,549	5,530	5,511	5,566	5,545	5,540
Long-Term Investments	137	123	119	114	129	125	135
Goodwill	2,982	2,982	2,982	2,982	3,016	3,016	3,016
Intangible Assets	2,397	2,369	2,356	2,342	2,350	2,336	2,323
Other Noncurrent Operating Assets	81	76	74	73	71	68	66
Total Liabilities & Shareholders' Equity	7,124	7,394	7,115	7,195	7,105	7,089	7,199
Total Liabilities	4,229	4,225	4,193	4,216	4,288	4,269	4,307
Total Current Liabilities	395	378	333	358	434	426	467
Accounts Payable	84	88	79	86	80	79	92
Accrued Expenses	110	74	68	75	97	93	96
Current Deferred & Payable Income Tax Liabilities	3.99	52	3.42	1.94	66	44	55
Current Employee Benefit Liabilities	54	41	39	58	48	44	66
Other Current Liabilities	131	111	100	125	130	122	146
Other Current Nonoperating Liabilities	12	13	45	12	12	44	12
Total Noncurrent Liabilities	3,834	3,847	3,860	3,858	3,854	3,843	3,841
Long-Term Debt	3,068	3,070	3,071	3,072	3,074	3,075	3,076
Noncurrent Deferred & Payable Income Tax Liabilities	555	557	575	577	578	577	576
Noncurrent Employee Benefit Liabilities	53	74	73	73	70	68	64
Other Noncurrent Operating Liabilities	157	146	141	136	132	123	124
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	17	18	18	18	19	20	20
Total Equity & Noncontrolling Interests	2,878	3,151	2,904	2,961	2,798	2,801	2,871
Total Preferred & Common Equity	2,878	3,151	2,904	2,961	2,798	2,801	2,871
Total Common Equity	2,878	3,151	2,904	2,961	2,798	2,801	2,871
Common Stock	352	352	352	397	352	352	352
Retained Earnings	7,704	7,880	7,989	8,063	8,248	8,281	8,394
Treasury Stock	-5,068	-4,956	-5,314	-5,377	-5,684	-5,715	-5,759
Accumulated Other Comprehensive Income / (Loss)	-110	-124	-123	-122	-118	-117	-116

This table displays calculated financial ratios and metrics derived from TEGNA's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-32.80%	13.56%	-5.04%	15.99%	4.18%	27.76%	1.81%	9.63%	-11.23%	6.56%
EBITDA Growth	-35.84%	0.60%	-27.23%	21.30%	-11.63%	42.99%	-4.69%	19.41%	-22.88%	18.90%
EBIT Growth	-44.09%	10.15%	-25.43%	34.54%	-16.89%	46.58%	-3.34%	23.69%	-25.03%	22.01%
NOPAT Growth	-22.48%	16.37%	61.53%	-29.98%	-22.70%	54.96%	-5.29%	20.00%	-23.20%	5.57%
Net Income Growth	-53.76%	-6.64%	-55.93%	88.64%	-29.44%	68.66%	-0.95%	32.00%	-24.53%	25.76%
EPS Growth	0.00%	0.00%	-36.68%	48.41%	-29.95%	67.18%	-2.28%	31.31%	-18.86%	54.82%
Operating Cash Flow Growth	-23.16%	4.22%	-42.62%	35.38%	-43.58%	170.66%	-37.70%	61.91%	-27.69%	16.64%
Free Cash Flow Firm Growth	212.48%	281.02%	-85.49%	-34.81%	-473.65%	169.98%	-36.94%	60.30%	-11.34%	-10.88%
Invested Capital Growth	-6.65%	-44.59%	8.71%	6.22%	39.36%	-2.83%	1.97%	-1.40%	-2.87%	-0.87%
Revenue Q/Q Growth	33.02%	54.46%	16.15%	7.39%	2.31%	9.04%	-5.17%	4.54%	-6.17%	4.89%
EBITDA Q/Q Growth	-32.93%	35.91%	13.82%	30.58%	-2.68%	36.75%	-8.80%	18.67%	-12.19%	21.03%
EBIT Q/Q Growth	-43.56%	19.26%	-0.75%	18.48%	-11.31%	30.41%	-16.94%	12.30%	-19.83%	15.14%
NOPAT Q/Q Growth	-20.36%	19.34%	103.92%	-30.29%	-14.83%	34.26%	-16.54%	12.16%	-19.65%	22.06%
Net Income Q/Q Growth	-50.68%	-2.74%	286.33%	-26.04%	-21.17%	49.93%	-19.37%	16.42%	-23.07%	21.15%
EPS Q/Q Growth	0.00%	-2.74%	162.50%	-26.38%	-21.56%	50.00%	-20.15%	16.60%	-19.43%	23.86%
Operating Cash Flow Q/Q Growth	-16.99%	13.80%	-32.35%	42.35%	-27.29%	34.49%	-20.63%	6.90%	-5.33%	11.63%
Free Cash Flow Firm Q/Q Growth	291.07%	593.30%	-85.66%	67.89%	-13.18%	21.90%	-18.63%	9.32%	-6.22%	11.54%
Invested Capital Q/Q Growth	-2.67%	-45.48%	9.79%	-0.62%	0.66%	1.07%	0.95%	1.16%	-0.54%	0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.74%	60.31%	50.94%	51.71%	46.59%	48.83%	46.55%	48.37%	40.95%	43.39%
EBITDA Margin	50.08%	44.37%	34.00%	35.56%	30.16%	33.76%	31.60%	34.42%	29.90%	33.36%
Operating Margin	35.71%	35.34%	28.69%	31.64%	24.31%	29.65%	26.82%	30.21%	25.20%	25.30%
EBIT Margin	35.22%	34.17%	26.83%	31.12%	24.83%	28.49%	27.05%	30.52%	25.77%	29.50%
Profit (Net Income) Margin	29.62%	24.35%	11.30%	18.38%	12.45%	16.43%	15.99%	19.25%	16.36%	19.31%
Tax Burden Percent	151.21%	108.62%	69.21%	79.74%	76.20%	75.78%	77.92%	75.72%	78.53%	77.50%
Interest Burden Percent	55.61%	65.62%	60.85%	74.05%	65.79%	76.12%	75.85%	83.30%	80.86%	84.46%
Effective Tax Rate	33.58%	31.20%	-44.17%	21.11%	23.80%	24.22%	22.08%	24.28%	21.47%	22.50%
Return on Invested Capital (ROIC)	6.37%	9.88%	21.46%	13.99%	8.77%	11.84%	11.26%	13.48%	10.58%	11.38%
ROIC Less NNEP Spread (ROIC-NNEP)	9.28%	9.92%	-9.12%	8.74%	4.65%	7.10%	6.74%	9.16%	6.65%	11.01%
Return on Net Nonoperating Assets (RNNOA)	11.08%	9.33%	-9.49%	20.75%	10.76%	14.52%	9.49%	8.96%	5.81%	9.46%
Return on Equity (ROE)	17.45%	19.21%	11.97%	34.73%	19.53%	26.36%	20.75%	22.44%	16.39%	20.84%
Cash Return on Invested Capital (CROIC)	13.25%	67.27%	13.11%	7.96%	-24.12%	14.70%	9.31%	14.89%	13.49%	12.25%
Operating Return on Assets (OROA)	6.30%	8.03%	7.56%	13.42%	9.34%	12.13%	11.75%	14.05%	10.47%	12.78%
Return on Assets (ROA)	5.29%	5.72%	3.18%	7.92%	4.68%	7.00%	6.95%	8.86%	6.65%	8.36%
Return on Common Equity (ROCE)	15.86%	16.88%	10.87%	34.73%	19.53%	26.25%	20.61%	22.31%	16.29%	20.70%
Return on Equity Simple (ROE_SIMPLE)	23.85%	21.48%	21.61%	30.25%	18.00%	23.46%	18.98%	20.55%	17.61%	19.94%
Net Operating Profit after Tax (NOPAT)	419	487	787	551	426	660	625	750	576	608
NOPAT Margin	23.72%	24.31%	41.36%	24.97%	18.52%	22.47%	20.90%	22.88%	19.79%	19.61%
Net Nonoperating Expense Percent (NNEP)	-2.91%	-0.03%	30.57%	5.25%	4.12%	4.73%	4.53%	4.32%	3.93%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.22%	9.97%	10.00%
Cost of Revenue to Revenue	41.26%	39.69%	49.06%	48.29%	53.41%	51.17%	53.45%	51.63%	59.05%	56.61%
SG&A Expenses to Revenue	21.48%	19.45%	17.99%	16.66%	17.70%	14.94%	15.53%	14.47%	16.42%	14.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.03%	24.97%	22.25%	20.06%	22.28%	19.18%	19.73%	18.16%	15.75%	18.09%
Earnings before Interest and Taxes (EBIT)	622	685	511	687	571	837	809	1,001	750	915
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	884	889	647	785	694	992	945	1,129	870	1,035
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	1.73	2.66	1.56	2.07	1.38	1.55	1.46	1.08	0.98
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.67	1.96	1.39	0.95	1.43	0.97	1.30	1.37	1.00	0.95
Price to Earnings (P/E)	10.27	8.98	9.67	5.16	11.52	5.89	8.16	7.13	6.12	4.91
Dividend Yield	58.16%	3.06%	2.42%	2.88%	1.84%	2.16%	2.02%	1.89%	2.69%	2.67%
Earnings Yield	9.74%	11.13%	10.34%	19.38%	8.68%	16.97%	12.25%	14.03%	16.35%	20.35%
Enterprise Value to Invested Capital (EV/IC)	1.39	2.30	1.42	1.17	1.29	1.13	1.24	1.25	1.03	0.98
Enterprise Value to Revenue (EV/Rev)	4.98	4.04	2.85	2.16	3.18	2.12	2.32	2.11	1.90	1.68
Enterprise Value to EBITDA (EV/EBITDA)	9.95	9.11	8.37	6.06	10.53	6.29	7.33	6.12	6.36	5.04
Enterprise Value to EBIT (EV/EBIT)	14.14	11.83	10.61	6.93	12.79	7.45	8.57	6.90	7.38	5.70
Enterprise Value to NOPAT (EV/NOPAT)	21.00	16.62	6.88	8.63	17.14	9.45	11.09	9.20	9.61	8.58
Enterprise Value to Operating Cash Flow (EV/OCF)	13.50	11.93	13.91	9.02	24.55	7.75	13.82	8.50	9.42	7.62
Enterprise Value to Free Cash Flow (EV/FCFF)	10.10	2.44	11.26	15.18	0.00	7.61	13.41	8.33	7.53	7.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.68	1.56	3.02	2.20	2.63	1.71	1.27	0.99	1.13	1.02
Long-Term Debt to Equity	1.68	1.56	3.02	2.20	2.63	1.71	1.27	0.99	1.13	1.02
Financial Leverage	1.19	0.94	1.04	2.37	2.31	2.04	1.41	0.98	0.87	0.86
Leverage Ratio	3.30	3.36	3.76	4.38	4.17	3.77	2.99	2.53	2.47	2.49
Compound Leverage Factor	1.83	2.20	2.29	3.25	2.75	2.87	2.27	2.11	1.99	2.10
Debt to Total Capital	62.69%	60.87%	75.14%	68.71%	72.44%	63.15%	56.03%	49.84%	53.01%	50.42%
Short-Term Debt to Total Capital	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	62.68%	60.86%	75.12%	68.71%	72.44%	63.15%	56.03%	49.84%	53.01%	50.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.35%	4.94%	0.00%	0.00%	0.00%	0.27%	0.28%	0.28%	0.32%	0.33%
Common Equity to Total Capital	32.96%	34.19%	24.86%	31.29%	27.56%	36.58%	43.69%	49.88%	46.66%	49.25%
Debt to EBITDA	4.72	4.55	4.65	3.75	6.03	3.58	3.42	2.72	3.53	2.97
Net Debt to EBITDA	4.28	4.33	4.28	3.40	5.77	3.40	3.20	2.12	2.98	2.17
Long-Term Debt to EBITDA	4.72	4.55	4.65	3.75	6.03	3.58	3.42	2.72	3.53	2.97
Debt to NOPAT	9.96	8.30	3.82	5.34	9.81	5.38	5.17	4.09	5.33	5.06
Net Debt to NOPAT	9.04	7.90	3.52	4.84	9.40	5.11	4.84	3.19	4.51	3.70
Long-Term Debt to NOPAT	9.96	8.30	3.82	5.34	9.81	5.38	5.17	4.09	5.33	5.06
Altman Z-Score	2.12	2.13	2.91	2.93	2.37	2.68	2.93	3.19	2.90	3.03
Noncontrolling Interest Sharing Ratio	9.08%	12.15%	9.12%	0.00%	0.00%	0.41%	0.67%	0.60%	0.62%	0.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.28	1.96	1.72	1.96	1.59	2.10	3.33	2.48	2.92
Quick Ratio	1.16	0.68	1.65	1.58	1.75	1.43	1.91	3.13	2.35	2.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	870	3,316	481	314	-1,172	820	517	829	735	655
Operating Cash Flow to CapEx	548.33%	715.96%	506.50%	808.23%	336.68%	1,769.57%	795.25%	1,582.12%	1,073.70%	1,306.19%
Free Cash Flow to Firm to Interest Expense	3.19	14.29	2.29	1.63	-5.70	3.90	2.78	4.76	4.25	3.87
Operating Cash Flow to Interest Expense	2.38	2.93	1.85	2.75	1.45	3.83	2.70	4.67	3.40	4.05
Operating Cash Flow Less CapEx to Interest Expense	1.95	2.52	1.49	2.41	1.02	3.61	2.36	4.37	3.08	3.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.24	0.28	0.43	0.38	0.43	0.43	0.46	0.41	0.43
Accounts Receivable Turnover	3.02	4.08	4.50	4.98	4.39	5.04	4.89	4.93	4.46	4.96
Inventory Turnover	0.00	0.00	24.46	29.20	28.94	31.01	31.84	34.85	45.48	58.90
Fixed Asset Turnover	3.14	4.81	5.36	6.21	5.34	6.15	6.38	7.10	6.40	6.92
Accounts Payable Turnover	5.32	8.34	15.68	15.65	18.18	27.35	24.40	22.70	17.98	17.36
Days Sales Outstanding (DSO)	120.74	89.41	81.14	73.23	83.16	72.45	74.59	74.00	81.85	73.53
Days Inventory Outstanding (DIO)	0.00	0.00	14.92	12.50	12.61	11.77	11.46	10.47	8.03	6.20
Days Payable Outstanding (DPO)	68.66	43.77	23.28	23.32	20.08	13.35	14.96	16.08	20.30	21.02
Cash Conversion Cycle (CCC)	52.08	45.65	72.78	62.41	75.69	70.87	71.10	68.39	69.58	58.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,344	3,515	3,821	4,059	5,656	5,496	5,604	5,526	5,367	5,320
Invested Capital Turnover	0.27	0.41	0.52	0.56	0.47	0.53	0.54	0.59	0.53	0.58
Increase / (Decrease) in Invested Capital	-452	-2,829	306	238	1,597	-160	108	-79	-159	-47
Enterprise Value (EV)	8,792	8,097	5,418	4,758	7,303	6,236	6,932	6,903	5,533	5,218
Market Capitalization	4,719	3,922	2,647	2,093	3,298	2,845	3,893	4,494	2,916	2,947
Book Value per Share	$9.89	$10.59	$4.62	$6.23	$7.33	$9.39	$11.39	$13.76	$13.73	$18.65
Tangible Book Value per Share	($21.62)	($7.48)	($13.28)	($12.92)	($18.08)	($15.57)	($13.12)	($10.26)	($13.23)	($14.41)
Total Capital	6,651	6,643	4,003	4,285	5,770	5,626	5,768	6,158	5,796	6,101
Total Debt	4,170	4,043	3,008	2,944	4,179	3,553	3,232	3,069	3,073	3,076
Total Long-Term Debt	4,169	4,043	3,007	2,944	4,179	3,553	3,232	3,069	3,073	3,076
Net Debt	3,783	3,847	2,772	2,665	4,005	3,376	3,022	2,391	2,598	2,251
Capital Expenditures (CapEx)	119	95	77	65	88	45	63	51	55	52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	70	156	213	130	317	207	355	361	266	201
Debt-free Net Working Capital (DFNWC)	199	172	312	266	346	248	412	913	627	894
Net Working Capital (NWC)	198	172	312	266	346	248	412	913	627	894
Net Nonoperating Expense (NNE)	-104	-0.78	572	145	140	177	147	119	100	9.14
Net Nonoperating Obligations (NNO)	3,862	916	2,826	2,718	4,066	3,423	3,068	2,437	2,643	2,295
Total Depreciation and Amortization (D&A)	262	204	137	98	123	155	136	128	120	120
Debt-free, Cash-free Net Working Capital to Revenue	3.96%	7.80%	11.21%	5.90%	13.78%	7.06%	11.88%	11.01%	9.13%	6.48%
Debt-free Net Working Capital to Revenue	11.28%	8.59%	16.41%	12.05%	15.05%	8.46%	13.79%	27.83%	21.54%	28.82%
Net Working Capital to Revenue	11.24%	8.56%	16.37%	12.05%	15.05%	8.46%	13.79%	27.83%	21.54%	28.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.27	$0.00	$0.00	$1.88	$1.32	$2.20	$2.15	$2.82	$2.29	$3.55
Adjusted Weighted Average Basic Shares Outstanding	360.33M	346.97M	215.59M	216.18M	217.14M	219.23M	221.50M	223.65M	207.59M	168.43M
Adjusted Diluted Earnings per Share	$1.25	$0.00	$0.00	$1.87	$1.31	$2.19	$2.14	$2.81	$2.28	$3.53
Adjusted Weighted Average Diluted Shares Outstanding	368.40M	352.30M	217.48M	216.62M	217.98M	219.73M	222.47M	224.49M	207.95M	169.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	352.36M	344.34M	215.60M	215.80M	217.82M	219.66M	221.54M	223.55M	176.11M	159.90M
Normalized Net Operating Profit after Tax (NOPAT)	379	509	385	542	422	660	623	750	472	609
Normalized NOPAT Margin	21.49%	25.41%	20.24%	24.55%	18.35%	22.47%	20.84%	22.87%	16.21%	19.63%
Pre Tax Income Margin	19.59%	22.42%	16.33%	23.05%	16.34%	21.68%	20.52%	25.42%	20.84%	24.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.28	2.95	2.43	3.58	2.78	3.98	4.36	5.75	4.34	5.41
NOPAT to Interest Expense	1.53	2.10	3.74	2.87	2.07	3.14	3.37	4.31	3.33	3.59
EBIT Less CapEx to Interest Expense	1.84	2.54	2.06	3.24	2.35	3.76	4.02	5.46	4.02	5.10
NOPAT Less CapEx to Interest Expense	1.10	1.69	3.38	2.53	1.64	2.92	3.03	4.02	3.02	3.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.80%	28.88%	61.98%	14.86%	21.18%	15.84%	16.41%	13.43%	17.54%	13.58%
Augmented Payout Ratio	90.39%	62.05%	72.90%	16.30%	21.18%	15.84%	16.41%	13.43%	154.60%	59.46%

This table displays calculated financial ratios and metrics derived from TEGNA's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.16%	18.39%	-4.37%	-6.80%	-11.19%	-20.86%	-3.52%	-2.89%	13.12%	19.93%
EBITDA Growth	7.04%	61.23%	-22.19%	22.89%	-28.54%	-60.63%	57.81%	-45.27%	35.94%	105.28%
EBIT Growth	9.23%	51.72%	-24.42%	27.11%	-31.46%	-56.34%	67.87%	-50.06%	41.92%	86.39%
NOPAT Growth	8.76%	48.14%	-15.28%	39.18%	-41.53%	-57.12%	-21.80%	-51.13%	68.74%	105.08%
Net Income Growth	13.57%	68.56%	-22.55%	51.65%	-34.14%	-65.27%	81.98%	-59.00%	52.92%	137.60%
EPS Growth	12.07%	70.18%	-23.33%	55.93%	-26.15%	-56.70%	130.43%	-47.83%	85.42%	161.90%
Operating Cash Flow Growth	43.26%	32.98%	-13.18%	-29.74%	-51.58%	-15.62%	-41.09%	-8.99%	107.25%	39.99%
Free Cash Flow Firm Growth	428.79%	446.89%	19.37%	44.75%	-36.22%	-18.97%	-6.95%	-47.02%	55.05%	0.02%
Invested Capital Growth	-1.61%	-1.40%	-1.63%	-1.75%	-1.22%	-2.87%	-1.90%	-1.12%	-1.65%	-0.87%
Revenue Q/Q Growth	2.32%	14.20%	-19.28%	-1.19%	-2.50%	1.77%	-1.60%	-0.54%	13.58%	7.90%
EBITDA Q/Q Growth	5.63%	10.59%	-32.54%	53.59%	-38.58%	-39.07%	191.76%	-46.73%	52.55%	-7.99%
EBIT Q/Q Growth	6.58%	37.64%	-47.49%	62.75%	-42.53%	-12.32%	115.08%	-51.58%	63.32%	15.15%
NOPAT Q/Q Growth	7.82%	39.28%	-46.60%	73.55%	-54.70%	2.13%	-2.61%	8.46%	56.41%	24.13%
Net Income Q/Q Growth	10.78%	49.71%	-52.47%	92.39%	-51.90%	-21.05%	149.04%	-56.66%	79.43%	22.68%
EPS Q/Q Growth	10.17%	49.23%	-52.58%	100.00%	-47.83%	-12.50%	152.38%	-54.72%	85.42%	23.60%
Operating Cash Flow Q/Q Growth	7.27%	1.02%	-19.42%	-19.54%	-26.07%	76.03%	-43.74%	24.31%	68.34%	18.90%
Free Cash Flow Firm Q/Q Growth	18.44%	22.19%	-31.87%	46.79%	-47.81%	55.24%	-21.76%	-16.42%	52.74%	0.15%
Invested Capital Q/Q Growth	-1.16%	1.16%	-1.44%	-0.30%	-0.62%	-0.54%	-0.46%	0.49%	-1.15%	0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.60%	52.83%	42.33%	41.15%	38.55%	41.70%	39.72%	39.18%	45.73%	47.66%
EBITDA Margin	32.84%	31.80%	26.99%	41.95%	26.42%	15.82%	44.14%	23.64%	31.75%	27.08%
Operating Margin	28.92%	35.79%	23.44%	38.50%	18.88%	19.80%	19.26%	19.97%	28.49%	31.64%
EBIT Margin	29.08%	35.05%	23.12%	38.08%	22.44%	19.34%	40.23%	19.58%	28.16%	30.05%
Profit (Net Income) Margin	18.20%	23.86%	14.05%	27.35%	13.50%	10.47%	26.50%	11.55%	18.24%	20.74%
Tax Burden Percent	76.93%	75.82%	76.57%	81.90%	77.59%	74.24%	75.55%	79.46%	76.69%	79.44%
Interest Burden Percent	81.34%	89.77%	79.36%	87.70%	77.49%	72.93%	87.19%	74.21%	84.48%	86.88%
Effective Tax Rate	23.07%	24.18%	23.43%	18.10%	22.41%	25.76%	24.45%	20.54%	23.31%	20.56%
Return on Invested Capital (ROIC)	12.67%	15.99%	10.61%	18.37%	8.37%	7.86%	7.78%	8.42%	12.07%	14.59%
ROIC Less NNEP Spread (ROIC-NNEP)	11.53%	14.90%	9.49%	17.21%	8.04%	6.65%	11.34%	7.20%	10.87%	13.04%
Return on Net Nonoperating Assets (RNNOA)	12.29%	14.58%	8.47%	15.99%	6.82%	5.81%	9.09%	6.34%	8.95%	11.21%
Return on Equity (ROE)	24.96%	30.57%	19.08%	34.36%	15.19%	13.67%	16.88%	14.76%	21.02%	25.80%
Cash Return on Invested Capital (CROIC)	13.77%	14.89%	14.87%	16.21%	14.43%	13.49%	11.99%	9.02%	10.97%	12.25%
Operating Return on Assets (OROA)	12.98%	16.14%	10.53%	17.27%	9.73%	7.86%	16.01%	7.90%	11.57%	13.01%
Return on Assets (ROA)	8.12%	10.98%	6.40%	12.40%	5.85%	4.25%	10.54%	4.66%	7.50%	8.98%
Return on Common Equity (ROCE)	24.81%	30.39%	18.97%	34.15%	15.10%	13.58%	16.77%	14.66%	20.89%	25.62%
Return on Equity Simple (ROE_SIMPLE)	18.84%	0.00%	19.07%	23.04%	20.91%	0.00%	20.07%	15.83%	17.22%	0.00%
Net Operating Profit after Tax (NOPAT)	179	249	133	231	104	107	104	113	176	219
NOPAT Margin	22.25%	27.13%	17.95%	31.53%	14.65%	14.70%	14.55%	15.87%	21.85%	25.14%
Net Nonoperating Expense Percent (NNEP)	1.14%	1.09%	1.12%	1.16%	0.33%	1.21%	-3.55%	1.21%	1.20%	1.55%
Return On Investment Capital (ROIC_SIMPLE)	-	4.05%	-	-	-	1.85%	-	-	-	3.60%
Cost of Revenue to Revenue	53.40%	47.17%	57.67%	58.86%	61.45%	58.30%	60.28%	60.82%	54.27%	52.34%
SG&A Expenses to Revenue	13.94%	13.76%	15.02%	16.92%	15.70%	18.05%	16.39%	15.15%	13.64%	12.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.68%	17.04%	18.89%	2.65%	19.67%	21.90%	20.46%	19.21%	17.24%	16.01%
Earnings before Interest and Taxes (EBIT)	234	321	171	279	160	140	287	139	227	262
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	292	200	307	188	115	315	168	256	236
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.54	1.46	1.16	1.23	0.97	1.08	0.93	0.84	0.91	0.98
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.41	1.37	1.13	1.12	0.92	1.00	0.90	0.83	0.88	0.95
Price to Earnings (P/E)	8.19	7.13	6.11	5.33	4.62	6.12	4.64	5.32	5.27	4.91
Dividend Yield	1.91%	1.89%	2.32%	2.40%	2.81%	2.69%	2.18%	2.53%	2.31%	2.67%
Earnings Yield	12.22%	14.03%	16.37%	18.76%	21.65%	16.35%	21.55%	18.78%	18.97%	20.35%
Enterprise Value to Invested Capital (EV/IC)	1.28	1.25	1.09	1.11	0.98	1.03	0.96	0.91	0.95	0.98
Enterprise Value to Revenue (EV/Rev)	2.23	2.11	1.83	1.89	1.70	1.90	1.78	1.71	1.70	1.68
Enterprise Value to EBITDA (EV/EBITDA)	7.36	6.12	5.90	5.67	5.33	6.36	5.55	6.21	5.89	5.04
Enterprise Value to EBIT (EV/EBIT)	7.86	6.90	6.27	5.99	5.65	7.38	5.93	6.72	6.33	5.70
Enterprise Value to NOPAT (EV/NOPAT)	10.47	9.20	8.20	7.64	7.37	9.61	9.46	11.46	10.10	8.58
Enterprise Value to Operating Cash Flow (EV/OCF)	9.22	8.50	7.57	8.30	8.52	9.42	9.94	9.68	8.20	7.62
Enterprise Value to Free Cash Flow (EV/FCFF)	9.24	8.33	7.29	6.81	6.74	7.53	7.95	10.03	8.58	7.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.06	0.99	0.97	1.05	1.03	1.13	1.09	1.09	1.06	1.02
Long-Term Debt to Equity	1.06	0.99	0.97	1.05	1.03	1.13	1.09	1.09	1.06	1.02
Financial Leverage	1.07	0.98	0.89	0.93	0.85	0.87	0.80	0.88	0.82	0.86
Leverage Ratio	2.64	2.53	2.45	2.48	2.44	2.47	2.42	2.47	2.45	2.49
Compound Leverage Factor	2.14	2.27	1.95	2.17	1.89	1.80	2.11	1.84	2.07	2.17
Debt to Total Capital	51.45%	49.84%	49.21%	51.24%	50.77%	53.01%	52.18%	52.15%	51.54%	50.42%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	51.45%	49.84%	49.21%	51.24%	50.77%	53.01%	52.18%	52.15%	51.54%	50.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.29%	0.28%	0.28%	0.30%	0.31%	0.32%	0.33%	0.33%	0.33%	0.33%
Common Equity to Total Capital	48.26%	49.88%	50.51%	48.46%	48.93%	46.66%	47.50%	47.51%	48.12%	49.25%
Debt to EBITDA	3.23	2.72	3.04	2.88	3.10	3.53	3.32	3.90	3.60	2.97
Net Debt to EBITDA	2.69	2.12	2.24	2.31	2.43	2.98	2.71	3.18	2.81	2.17
Long-Term Debt to EBITDA	3.23	2.72	3.04	2.88	3.10	3.53	3.32	3.90	3.60	2.97
Debt to NOPAT	4.59	4.09	4.23	3.88	4.28	5.33	5.66	7.21	6.17	5.06
Net Debt to NOPAT	3.82	3.19	3.12	3.11	3.35	4.51	4.63	5.87	4.83	3.70
Long-Term Debt to NOPAT	4.59	4.09	4.23	3.88	4.28	5.33	5.66	7.21	6.17	5.06
Altman Z-Score	2.81	2.89	2.69	2.80	2.63	2.62	2.64	2.55	2.64	2.73
Noncontrolling Interest Sharing Ratio	0.62%	0.60%	0.59%	0.61%	0.61%	0.62%	0.62%	0.66%	0.65%	0.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.71	3.33	3.70	3.44	3.47	2.48	2.53	2.58	2.60	2.92
Quick Ratio	2.47	3.13	3.52	3.29	3.27	2.35	2.41	2.49	2.47	2.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	268	328	223	328	171	265	208	174	265	265
Operating Cash Flow to CapEx	1,689.00%	1,337.76%	6,016.49%	1,179.85%	685.80%	702.60%	2,065.86%	781.82%	1,376.70%	1,547.12%
Free Cash Flow to Firm to Interest Expense	6.18	7.44	5.20	7.65	3.94	6.06	4.90	4.16	6.27	6.20
Operating Cash Flow to Interest Expense	4.82	4.80	3.97	3.20	2.33	4.07	2.37	2.99	4.97	5.83
Operating Cash Flow Less CapEx to Interest Expense	4.54	4.44	3.91	2.93	1.99	3.49	2.25	2.61	4.61	5.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.46	0.46	0.45	0.43	0.41	0.40	0.40	0.41	0.43
Accounts Receivable Turnover	5.16	4.93	4.98	5.20	5.11	4.46	4.57	4.69	4.80	4.96
Inventory Turnover	27.01	34.85	47.49	82.96	35.53	45.48	63.96	121.86	43.70	58.90
Fixed Asset Turnover	6.85	7.10	7.19	7.08	6.91	6.40	6.50	6.45	6.69	6.92
Accounts Payable Turnover	25.63	22.70	19.50	20.82	20.37	17.98	20.47	21.83	19.38	17.36
Days Sales Outstanding (DSO)	70.70	74.00	73.32	70.18	71.45	81.85	79.96	77.75	75.97	73.53
Days Inventory Outstanding (DIO)	13.51	10.47	7.69	4.40	10.27	8.03	5.71	3.00	8.35	6.20
Days Payable Outstanding (DPO)	14.24	16.08	18.72	17.54	17.92	20.30	17.83	16.72	18.83	21.02
Cash Conversion Cycle (CCC)	69.97	68.39	62.28	57.05	63.80	69.58	67.83	64.03	65.49	58.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,463	5,526	5,446	5,430	5,396	5,367	5,342	5,369	5,307	5,320
Invested Capital Turnover	0.57	0.59	0.59	0.58	0.57	0.53	0.53	0.53	0.55	0.58
Increase / (Decrease) in Invested Capital	-89	-79	-90	-97	-66	-159	-104	-61	-89	-47
Enterprise Value (EV)	7,003	6,903	5,951	6,048	5,284	5,533	5,141	4,888	5,035	5,218
Market Capitalization	4,431	4,494	3,669	3,567	2,861	2,916	2,608	2,364	2,611	2,947
Book Value per Share	$12.90	$13.76	$14.10	$12.91	$14.69	$13.73	$15.89	$16.52	$17.36	$18.65
Tangible Book Value per Share	($11.20)	($10.26)	($9.84)	($10.81)	($11.73)	($13.23)	($14.58)	($15.04)	($14.91)	($14.41)
Total Capital	5,964	6,158	6,239	5,993	6,051	5,796	5,891	5,895	5,967	6,101
Total Debt	3,068	3,069	3,070	3,071	3,072	3,073	3,074	3,075	3,076	3,076
Total Long-Term Debt	3,068	3,069	3,070	3,071	3,072	3,073	3,074	3,075	3,076	3,076
Net Debt	2,555	2,391	2,264	2,463	2,405	2,598	2,514	2,504	2,404	2,251
Capital Expenditures (CapEx)	12	16	2.83	12	15	25	4.86	16	15	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	299	361	339	322	332	266	231	228	213	201
Debt-free Net Working Capital (DFNWC)	676	913	1,022	811	885	627	662	673	749	894
Net Working Capital (NWC)	676	913	1,022	811	885	627	662	673	749	894
Net Nonoperating Expense (NNE)	33	30	29	31	8.23	31	-85	31	29	38
Net Nonoperating Obligations (NNO)	2,567	2,437	2,277	2,507	2,417	2,643	2,525	2,548	2,416	2,295
Total Depreciation and Amortization (D&A)	30	-30	29	28	28	-26	28	29	29	-26
Debt-free, Cash-free Net Working Capital to Revenue	9.54%	11.01%	10.43%	10.08%	10.69%	9.13%	8.02%	7.94%	7.20%	6.48%
Debt-free Net Working Capital to Revenue	21.55%	27.83%	31.48%	25.41%	28.52%	21.54%	22.95%	23.51%	25.33%	28.82%
Net Working Capital to Revenue	21.55%	27.83%	31.48%	25.41%	28.52%	21.54%	22.95%	23.51%	25.33%	28.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	$0.98	$0.46	$0.92	$0.48	$0.43	$1.06	$0.48	$0.89	$1.12
Adjusted Weighted Average Basic Shares Outstanding	223.97M	223.65M	224.54M	217.83M	200.78M	207.59M	177.82M	169.51M	165.19M	168.43M
Adjusted Diluted Earnings per Share	$0.65	$0.97	$0.46	$0.92	$0.48	$0.42	$1.06	$0.48	$0.89	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	224.92M	224.49M	224.84M	217.98M	201.22M	207.95M	178.44M	169.88M	165.75M	169.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	223.29M	223.55M	225.03M	201.52M	196.97M	176.11M	169.61M	165.43M	161.12M	159.90M
Normalized Net Operating Profit after Tax (NOPAT)	179	249	133	122	104	107	105	113	176	219
Normalized NOPAT Margin	22.23%	27.13%	17.95%	16.68%	14.65%	14.70%	14.67%	15.87%	21.85%	25.14%
Pre Tax Income Margin	23.66%	31.47%	18.35%	33.40%	17.39%	14.10%	35.07%	14.53%	23.79%	26.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.38	7.30	3.99	6.51	3.69	3.21	6.78	3.33	5.37	6.11
NOPAT to Interest Expense	4.12	5.65	3.10	5.39	2.41	2.44	2.45	2.70	4.17	5.11
EBIT Less CapEx to Interest Expense	5.10	6.94	3.92	6.24	3.35	2.63	6.67	2.95	5.01	5.73
NOPAT Less CapEx to Interest Expense	3.83	5.29	3.03	5.12	2.07	1.86	2.34	2.32	3.81	4.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.60%	13.43%	14.14%	12.39%	13.62%	17.54%	14.61%	18.93%	16.55%	13.58%
Augmented Payout Ratio	15.60%	13.43%	14.14%	57.23%	66.58%	154.60%	145.54%	133.37%	127.78%	59.46%

Frequently Asked Questions About TEGNA's Financials

When does TEGNA's fiscal year end?

According to the most recent income statement we have on file, TEGNA's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TEGNA's net income changed over the last 9 years?

TEGNA's net income appears to be on an upward trend, with a most recent value of $599.04 million in 2024, rising from $522.69 million in 2015. The previous period was $476.35 million in 2023.

What is TEGNA's operating income?

TEGNA's total operating income in 2024 was $784.78 million, based on the following breakdown:

Total Gross Profit: $1.35 billion
Total Operating Expenses: $561.07 million

How has TEGNA revenue changed over the last 9 years?

Over the last 9 years, TEGNA's total revenue changed from $1.76 billion in 2015 to $3.10 billion in 2024, a change of 75.8%.

How much debt does TEGNA have?

TEGNA's total liabilities were at $4.30 billion at the end of 2024, a 0.6% increase from 2023, and a 28.6% decrease since 2015.

How much cash does TEGNA have?

In the past 9 years, TEGNA's cash and equivalents has ranged from $15.88 million in 2016 to $693.21 million in 2024, and is currently $693.21 million as of their latest financial filing in 2024.

How has TEGNA's book value per share changed over the last 9 years?

Over the last 9 years, TEGNA's book value per share changed from 9.89 in 2015 to 18.65 in 2024, a change of 88.6%.

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This page (NYSE:TGNA) was last updated on 4/18/2025 by MarketBeat.com Staff

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TEGNA (TGNA) Financials

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TEGNA (TGNA) Financials

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