Gray Financial Statements From 2010 to 2025

GTN-A Stock  USD 6.88  0.11  1.57%   
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
1.2 B
Profit Margin
0.1029
Market Capitalization
496.8 M
Enterprise Value Revenue
1.84
Revenue
3.6 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

3.83 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 311.9 M, Interest Expense of 509.2 M or Total Revenue of 3.8 B, as well as many indicators such as Price To Sales Ratio of 0.078, Dividend Yield of 0.11 or PTB Ratio of 0.12. 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 Assets11.1 B10.5 B5.5 B
Slightly volatile
Short and Long Term Debt Total87.4 M92 M2.4 B
Slightly volatile
Other Current Liabilities407.4 M388 M143.6 M
Slightly volatile
Total Current Liabilities553.4 M527 M218.8 M
Slightly volatile
Total Stockholder Equity2.4 B2.3 B1.3 B
Slightly volatile
Property Plant And Equipment Net1.7 B1.6 B707.3 M
Slightly volatile
Accounts Payable78.8 M75 M21.9 M
Slightly volatile
Cash106.4 M135 M195.4 M
Pretty Stable
Non Current Assets Total10.5 B10 B4.9 B
Slightly volatile
Cash And Short Term Investments106.6 M135 M195.4 M
Pretty Stable
Net Receivables360.1 M343 M260.5 M
Slightly volatile
Common Stock Shares Outstanding51.8 M96 M73.2 M
Slightly volatile
Liabilities And Stockholders Equity11.1 B10.5 B5.5 B
Slightly volatile
Non Current Liabilities Total7.4 B7.1 B3.9 B
Slightly volatile
Other Current Assets66.2 M63 M41.5 M
Slightly volatile
Total LiabilitiesB7.6 B4.1 B
Slightly volatile
Total Current Assets295.2 M541 M497.4 M
Slightly volatile
Short Term Debt26 M30 M35.7 M
Very volatile
Intangible Assets5.9 B5.6 B2.9 B
Slightly volatile
Common Stock702.2 M1.2 B817.1 M
Slightly volatile
Current Deferred Revenue30.4 M29 M12.7 M
Slightly volatile
Good Will2.8 B2.6 B1.2 B
Slightly volatile
Common Stock Total Equity806.3 M1.4 B849.3 M
Slightly volatile
Property Plant And Equipment Gross2.7 B2.5 B842.2 M
Slightly volatile
Short Term Investments9.8 M19.1 M14.6 M
Slightly volatile
Long Term Debt3.2 B5.6 B2.6 B
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 Investments47.9 M66 M40.1 M
Slightly volatile
Non Current Liabilities Other43.9 M72 M37.8 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 Debt19 M20 M580.9 M
Slightly volatile
Net Invested CapitalB7.9 B4.8 B
Slightly volatile
Net Working Capital13.3 M14 M475.5 M
Slightly volatile
Capital Stock1.9 B1.9 B1.3 B
Slightly volatile
Warrants520 M585 M637.8 M
Slightly volatile
Capital Lease Obligations75.3 M72 M59.1 M
Slightly volatile

Gray Television Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization311.9 M297 M116.9 M
Slightly volatile
Interest Expense509.2 M485 M189.2 M
Slightly volatile
Total Revenue3.8 B3.6 B1.6 B
Slightly volatile
Gross Profit3.7 B3.5 B881.4 M
Slightly volatile
Other Operating Expenses3.1 B2.9 B1.3 B
Slightly volatile
Operating Income893.5 M851 M390.8 M
Slightly volatile
EBITB977 M421.4 M
Slightly volatile
EBITDA1.3 B1.3 B538.3 M
Slightly volatile
Cost Of Revenue118.8 M125 M762.5 M
Slightly volatile
Total Operating Expenses2.9 B2.8 B510.4 M
Slightly volatile
Selling General Administrative109.2 M104 M57.2 M
Slightly volatile
Net Income Applicable To Common Shares486.6 M463.4 M187 M
Slightly volatile
Reconciled Depreciation272.7 M297 M183.9 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 Flow638.4 M608 M232.2 M
Slightly volatile
Begin Period Cash Flow19.9 M21 M228.7 M
Pretty Stable
Depreciation311.9 M297 M162.7 M
Slightly volatile
Dividends Paid42.5 M32 M79.5 M
Very volatile
Capital Expenditures150.2 M143 M111.4 M
Slightly volatile
Total Cash From Operating Activities788.5 M751 M343.6 M
Slightly volatile
End Period Cash Flow124 M135 M243.5 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.0780.08211.0983
Slightly volatile
Dividend Yield0.110.10690.0504
Slightly volatile
PTB Ratio0.120.13111.4373
Slightly volatile
Days Sales Outstanding32.6434.356563.0854
Slightly volatile
Book Value Per Share32.4230.873715.5304
Slightly volatile
Free Cash Flow Yield2.132.03170.4313
Slightly volatile
Operating Cash Flow Per Share8.37.90533.9269
Slightly volatile
Average Payables4.2 M5.4 M5.8 M
Pretty Stable
Capex To Depreciation0.950.48150.6578
Slightly volatile
PB Ratio0.120.13111.4373
Slightly volatile
EV To Sales0.06680.07032.6775
Slightly volatile
Free Cash Flow Per Share6.726.42.6622
Slightly volatile
ROIC0.03460.06460.0569
Pretty Stable
Inventory Turnover79.4360.1240.0
Slightly volatile
Payables Turnover1.581.666769.3838
Pretty Stable
Sales General And Administrative To Revenue0.03020.02850.0405
Slightly volatile
Average Inventory10 M9.5 M9.3 M
Slightly volatile
Capex To Revenue0.03730.03920.0631
Pretty Stable
Cash Per Share0.991.42112.371
Pretty Stable
POCF Ratio0.380.39855.3495
Slightly volatile
Interest Coverage1.341.75462.1274
Pretty Stable
Capex To Operating Cash Flow0.180.19040.3256
Very volatile
PFCF Ratio0.520.49228.3934
Slightly volatile
Days Payables Outstanding23021934.3255
Slightly volatile
EV To Operating Cash Flow0.320.341213.8358
Slightly volatile
EV To Free Cash Flow0.40.421525.2952
Pretty Stable
Intangibles To Total Assets0.540.78190.6872
Pretty Stable
Current Ratio1.81.02663.2012
Slightly volatile
Receivables Turnover11.1610.62396.3285
Slightly volatile
Graham Number43.6641.5824.834
Slightly volatile
Shareholders Equity Per Share25.2324.031614.6534
Slightly volatile
Debt To Equity0.03830.04032.7925
Slightly volatile
Capex Per Share1.561.50531.2634
Slightly volatile
Average Receivables28.9 M38 M40.4 M
Pretty Stable
Revenue Per Share40.2838.357918.7547
Slightly volatile
Interest Debt Per Share5.776.073730.5289
Slightly volatile
Debt To Assets0.00830.00870.4931
Slightly volatile
Enterprise Value Over EBITDA0.190.20119.6778
Slightly volatile
Short Term Coverage Ratios20.6225.033363.5638
Slightly volatile
Operating Cycle32.6434.356573.7393
Slightly volatile
Price Book Value Ratio0.120.13111.4373
Slightly volatile
Days Of Payables Outstanding3.854.056.7598
Slightly volatile
Price To Operating Cash Flows Ratio0.380.39855.3495
Slightly volatile
Price To Free Cash Flows Ratio0.520.49228.3934
Slightly volatile
Operating Profit Margin0.160.23350.2507
Slightly volatile
Company Equity Multiplier6.194.61765.2287
Slightly volatile
Long Term Debt To Capitalization0.02510.02640.6068
Slightly volatile
Total Debt To Capitalization0.03680.03870.61
Slightly volatile
Return On Capital Employed0.07040.0850.0806
Slightly volatile
Debt Equity Ratio0.03830.04032.7925
Slightly volatile
Ebit Per Revenue0.160.23350.2507
Slightly volatile
Quick Ratio1.741.02663.0711
Slightly volatile
Dividend Paid And Capex Coverage Ratio4.514.29143.3017
Very volatile
Net Income Per E B T0.460.76220.701
Pretty Stable
Cash Ratio0.240.25621.5089
Slightly volatile
Operating Cash Flow Sales Ratio0.140.20610.2061
Very volatile
Days Of Sales Outstanding32.6434.356563.0854
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.850.80960.6762
Very volatile
Cash Flow Coverage Ratios8.578.1631.9271
Very volatile
Price To Book Ratio0.120.13111.4373
Slightly volatile
Fixed Asset Turnover1.862.21392.4639
Slightly volatile
Capital Expenditure Coverage Ratio5.515.25173.7807
Pretty Stable
Price Cash Flow Ratio0.380.39855.3495
Slightly volatile
Enterprise Value Multiple0.190.20119.6778
Slightly volatile
Debt Ratio0.00830.00870.4931
Slightly volatile
Cash Flow To Debt Ratio8.578.1631.9271
Very volatile
Price Sales Ratio0.0780.08211.0983
Slightly volatile
Asset Turnover0.360.34570.315
Pretty Stable
Gross Profit Margin1.010.96570.4737
Slightly volatile
Price Fair Value0.120.13111.4373
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 Investments135 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 Revenue29 M30.4 M
Total Revenue3.6 B3.8 B
Cost Of Revenue125 M118.8 M
Sales General And Administrative To Revenue 0.03  0.03 
Capex To Revenue 0.04  0.04 
Revenue Per Share 38.36  40.28 
Ebit Per Revenue 0.23  0.16 

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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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.