NEXSTAR MEDIA GROUP, INC. (NXST) [Rocket]

In millions, except per share items	Dec-31-22	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	8-K	10-K	8-K	10-K	10-K	10-K	10-K
Revenues:
Broadcast							2,612.5	2,306.4
Digital							261.2	226.8
Other							154.2	125.6
Trade and Barter Revenue								56.7
Total revenues	5,211.0	5,211.0	4,648.4	4,648.4	4,501.3	3,039.3	2,766.7	2,432.0
Revenue growth [+]	12.1%	12.1%	3.3%		48.1%	9.9%	13.8%	120.4%
Broadcast							13.3%	121.6%
Digital							15.2%	130.5%
Other							22.8%	100.9%
Trade and Barter Revenue								24.1%
Cost of goods sold	2,004.8	2,004.8	1,862.4	1,862.4	1,720.5	1,348.6	1,117.9	993.4
Gross profit	3,206.2	3,206.2	2,786.0	2,786.0	2,780.8	1,690.7	1,648.8	1,438.6
Gross margin	61.5%	61.5%	59.9%	59.9%	61.8%	55.6%	59.6%	59.2%
Selling, general and administrative [+]	1,894.1	1,101.9	1,610.6	1,024.2	1,405.4	63.3	579.9	605.1
Sales and marketing		903.5		848.4
General and administrative		198.4		175.8
Other selling, general and administrative		903.5		848.4
Equity in earnings		-153.4		-124.6			2.4	1.3
Other operating expenses	39.4	130.1		-2.2		908.9	32.0	105.4
EBITDA [+]	1,741.9	1,820.8	1,642.9	1,639.4	1,802.8	1,042.1	1,039.3	729.3
EBITDA growth	6.0%	11.1%	-8.9%		73.0%	0.3%	42.5%	82.1%
EBITDA margin	33.4%	34.9%	35.3%	35.3%	40.1%	34.3%	37.6%	30.0%
Depreciation	469.2	662.1	467.5	588.6	427.4	323.7	109.8	100.7
EBITA	1,272.7	1,158.7	1,175.4	1,050.8	1,375.4	718.4	929.5	628.7
EBITA margin	24.4%	22.2%	25.3%	22.6%	30.6%	23.6%	33.6%	25.8%
Amortization of intangibles							149.4	159.5
EBIT [+]	1,272.7	1,158.7	1,175.4	1,050.8	1,375.4	718.4	780.1	469.2
EBIT growth	8.3%	10.3%	-14.5%		91.4%	-7.9%	66.3%	55.1%
EBIT margin	24.4%	22.2%	25.3%	22.6%	30.6%	23.6%	28.2%	19.3%
Non-recurring items [+]						63.3	19.9	-37.7
Asset impairment						63.3	19.9	20.0
Loss (gain) on sale of business								-57.7
Interest expense		336.6		282.7			221.0	241.2
Interest expense		336.6		282.7			221.0	241.2
Other income (expense), net [+]	-55.6	395.0	-82.1	325.2	-270.8	-281.8	-6.3	-24.3
Gain (loss) on debt retirement							-12.1	-34.9
Other		-10.5		-4.9			0.0	0.0
Pre-tax income	1,217.1	1,217.1	1,093.3	1,093.3	1,104.6	373.3	532.9	241.4
Income taxes	273.6	273.6	262.9	262.9	296.5	137.0	144.7	-233.9
Tax rate	22.5%	22.5%	24.0%	24.0%	26.8%	36.7%	27.1%
Minority interest		27.6		4.1			-1.2	0.3
Net income	971.1	971.1	834.5	834.5	811.5	230.3	389.5	475.0
Net margin	18.6%	18.6%	18.0%	18.0%	18.0%	7.6%	14.1%	19.5%

Basic EPS [+]	$24.68	$24.68	$19.81	$19.81	$18.07	$5.01	$8.52	$10.38
Growth	24.6%	24.6%	9.6%		260.8%	-41.2%	-17.9%	248.0%
Diluted EPS [+]	$24.16	$24.16	$18.97	$18.97	$17.37	$4.80	$8.21	$10.07
Growth	27.4%	27.4%	9.2%		261.5%	-41.5%	-18.5%	248.5%

Dividends per share [+]	$3.60		$2.80		$2.24	$1.80	$1.50	$1.20
Growth	28.6%		25.0%		24.4%	20.0%	25.0%	25.1%

Shares outstanding (basic) [+]	39.3	39.3	42.1	42.1	44.9	46.0	45.7	45.8
Growth	-6.6%	-6.6%	-6.2%		-2.3%	0.6%	-0.1%	49.1%
Shares outstanding (diluted) [+]	40.2	40.2	44.0	44.0	46.7	47.9	47.4	47.1
Growth	-8.6%	-8.6%	-5.9%		-2.5%	1.1%	0.6%	48.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.