For the quarter ending 2026-03-31, NXST had $156M increase in cash & cash equivalents over the period. $267M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 160 | -170 | 65 | 188 |
| Amortization of broadcast rights | 72 | 314 | - | - |
| Depreciation and amortization of intangible assets | 121 | -121 | 190 | 402 |
| Goodwill and long-lived asset impairments | - | 14 | - | - |
| Stock-based compensation expense | 20 | 20 | 19 | 39 |
| Amortization of debt financing costs, debt discounts and premium | - | 2 | 1 | 5 |
| Deferred income taxes | 51 | 109 | -4 | 24 |
| Payments for broadcast rights | 62 | 94 | 88 | 161 |
| Income from equity method investments, net | 4 | 6 | 5 | 19 |
| Loss on extinguishment of debt | - | - | - | -5 |
| Impairment of an equity method investment | - | 381 | - | - |
| Distribution from equity method investments - return on capital | 84 | 6 | 6 | 125 |
| Accounts receivable | -34 | 62 | -9 | -6 |
| Prepaid and other current assets | 6 | 7 | -12 | 6 |
| Other noncurrent assets | 5 | -3 | 2 | -5 |
| Accounts payable | -31 | 34 | -90 | 60 |
| Accrued expenses and other current liabilities | -122 | - | 24 | 20 |
| Income tax payable | 43 | 31 | -7 | -38 |
| Other noncurrent liabilities | -13 | -4 | -21 | -29 |
| Other | 5 | 2 | 5 | 6 |
| Net cash provided by operating activities | 289 | 190 | 117 | 584 |
| Purchases of property and equipment | 22 | 54 | 30 | 64 |
| Payments for acquisitions, net of cash acquired | 3,341 | 0 | 0 | 22 |
| Proceeds received from life insurance policies | 51 | - | - | - |
| Other investing activities, net | 1 | 1 | -1 | 3 |
| Net cash used in investing activities | -3,313 | -55 | -29 | -89 |
| Proceeds from debt issuance, net of debt discounts | 9,381 | 0 | 0 | 3,393 |
| Repayments of long-term debt | 6,026 | 27 | 25 | 3,543 |
| Payments for debt financing costs | 85 | - | - | - |
| Payments for capitalized software obligations | - | 6 | 4 | 10 |
| Purchase of treasury stock | - | 0 | 0 | 125 |
| Premium paid on debt extinguishment | 13 | - | - | - |
| Common stock dividends paid | 56 | 57 | 56 | 113 |
| Cash paid for shares withheld for taxes | 18 | 1 | - | - |
| Payment for excise tax on stock repurchases | - | - | - | 5 |
| Other financing activities, net | -3 | 0 | -6 | -2 |
| Net cash provided by (used in) financing activities | 3,180 | -91 | -86 | -405 |
| Net increase in cash, cash equivalents and restricted cash | 156 | 44 | 2 | 90 |
| Cash, cash equivalents and restricted cash at beginning of period | 280 | 236 | 144 | - |
| Cash, cash equivalents and restricted cash at end of period | 436 | 280 | 236 | - |
NEXSTAR MEDIA GROUP, INC. (NXST)
NEXSTAR MEDIA GROUP, INC. (NXST)