Gray Television Inc Cl A (GTN.A)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2018 | 12-2017 | 12-2016 | 12-2015 | 12-2014 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 210,803 | 261,952 | 62,273 | 39,301 | 48,061 |
| Depreciation Amortization | 106,550 | 110,395 | 90,724 | 70,004 | 58,535 |
| Income taxes - deferred | 22,932 | -77,325 | 41,386 | 25,770 | 30,938 |
| Accounts receivable | -12,362 | -23,744 | -6,107 | -14,787 | -17,442 |
| Accounts payable and accrued liabilities | 563 | 2,116 | 518 | -141 | 2,197 |
| Other Working Capital | 24,113 | -19,260 | 3,960 | -11,318 | 6,816 |
| Other Operating Activity | -29,283 | -74,119 | 17,331 | -2,110 | 5,114 |
| Operating Cash Flow | $323,316 | $180,015 | $210,085 | $106,719 | $134,219 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -61,475 | -34,516 | -32,404 | -24,222 | -32,215 |
| Net Acquisitions | -586 | -406,294 | -449,909 | -185,275 | -471,185 |
| Other Investing Activity | 14,684 | 91,011 | 2,979 | 3,115 | 1,508 |
| Investing Cash Flow | $-47,377 | $-349,799 | $-479,334 | $-206,382 | $-501,892 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 750,000 | 641,438 | 1,656,000 | N/A | 644,000 |
| Debt Repayment | -40,208 | -562,641 | -1,127,502 | N/A | -249,623 |
| Common Stock Issued | N/A | 238,945 | N/A | 167,313 | N/A |
| Common Stock Repurchased | -19,607 | -4,000 | -2,000 | N/A | N/A |
| Other Financing Activity | -9,580 | -6,748 | -29,378 | -1,101 | -9,413 |
| Financing Cash Flow | $680,605 | $306,994 | $497,120 | $166,212 | $384,964 |
| Beginning Cash Position | 462,399 | 325,189 | 97,318 | 30,769 | 13,478 |
| End Cash Position | 1,418,943 | 462,399 | 325,189 | 97,318 | 30,769 |
| Net Cash Flow | $956,544 | $137,210 | $227,871 | $66,549 | $17,291 |
| Free Cash Flow | |||||
| Operating Cash Flow | 323,316 | 180,015 | 210,085 | 106,719 | 134,219 |
| Capital Expenditure | -69,975 | -34,516 | -43,604 | -24,222 | -32,215 |
| Free Cash Flow | 253,341 | 145,499 | 166,481 | 82,497 | 102,004 |