NXST: the cash flow

MyFinsight

For the year ending 2025-12-31, NXST had $136M increase in cash & cash equivalents over the period. $743M in free cash flow.

Cash Flow	2025-12-31
Net income	83
Amortization of broadcast rights	314
Depreciation and amortization of intangible assets	471
Goodwill and long-lived asset impairments	14
Stock-based compensation expense	78
Amortization of debt financing costs, debt discounts and premium	8
Deferred income taxes	129
Payments for broadcast rights	343
Income from equity method investments, net (excluding impairment)	30
Impairment of an equity method investment	381
Distribution from equity method investments - return on capital	137
Accounts receivable	47
Prepaid expenses and other current assets	1
Other noncurrent assets	-6
Accounts payable	4
Income tax payable	-14
Other noncurrent liabilities	-54
Other	13
Net cash provided by operating activities	891
Purchases of property and equipment	148
Payments for acquisitions, net of cash acquired	22
Other investing activities, net	3
Net cash used in investing activities	-173
Proceeds from debt issuance, net of debt discounts	3,393
Repayments of long-term debt	3,595
Purchase of treasury stock	125
Common stock dividends paid	226
Payments for capitalized software obligations	20
Cash paid for shares withheld for taxes	1
Other financing activities, net	-8
Net cash used in financing activities	-582
Net increase (decrease) in cash, cash equivalents and restricted cash	136
Cash, cash equivalents and restricted cash at beginning of period	144
Cash, cash equivalents and restricted cash at end of period	280

Unit: Million (M) dollars (except for numbers of shares and EPS).