For the year ending 2025-12-31, GTN had $233M increase in cash & cash equivalents over the period. $181M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (loss) income | -85 |
| Depreciation | 133 |
| Amortization of intangible assets | 104 |
| Amortization of deferred loan costs | 16 |
| Accretion of original issue discount and premium related to long-term debt, net | 0 |
| Stock-based compensation | 22 |
| Amortization of program broadcast rights | 27 |
| Payments on program broadcast obligations | 27 |
| Common stock contributed to 401 plan | 0 |
| Deferred income taxes | -56 |
| (gain) loss on disposal of property and equipment, net | 6 |
| Gain on sale of investment | 5 |
| Loss from early extinguishment of debt | -10 |
| Impairment of other intangible assets | 20 |
| Impairment of goodwill, broadcast licenses and other intangible assets | 30 |
| Other | -15 |
| Accounts receivable, net | -132 |
| Income taxes receivable or prepaid | 10 |
| Other current assets | 6 |
| Accounts payable | -10 |
| Employee compensation, benefits and pension costs | -7 |
| Accrued other expenses | -38 |
| Accrued interest | 39 |
| Income taxes payable | 0 |
| Deferred revenue | -9 |
| Net cash provided by operating activities | 289 |
| Acquisitions of businesses and broadcast licenses, net of cash acquired | 0 |
| Proceeds from sale of television stations | 0 |
| Purchases of property and equipment | 108 |
| Proceeds from asset sales | 47 |
| Proceeds from sale of investments | 24 |
| Reimbursement of development costs | 0 |
| Investments in broadcast, production and technology companies | 8 |
| Other | 18 |
| Net cash used in investing activities | -63 |
| Proceeds from borrowings on long-term debt | 2,110 |
| Repayments of borrowings on long-term debt | 1,987 |
| Payments of common stock dividends | 33 |
| Payments of preferred stock dividends | 52 |
| Deferred and other loan costs | 26 |
| Payments of taxes related to net share settlement of equity awards | 5 |
| Net cash provided by (used in) financing activities | 7 |
| Net increase (decrease) in cash | 233 |
| Cash at beginning of year | 135 |
| Cash at end of year | 368 |
GRAY MEDIA, INC (GTN)
GRAY MEDIA, INC (GTN)