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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 204.1 $ 190.9
Restricted cash and cash equivalents 15.6 15.6
Accounts receivable, net of allowance for credit losses of $18.4 and $23.1, respectively 1,079.4 1,021.0
Broadcast rights 194.0 46.4
Prepaid expenses and other current assets 121.4 138.8
Total current assets 1,614.5 1,412.7
Property and equipment, net 1,262.4 1,512.5
Goodwill 2,960.8 3,051.6
FCC licenses 2,910.3 2,910.3
Intangible assets, net 2,434.2 2,717.1
Investments 1,119.0 1,218.8
Assets held for sale   45.3
Other noncurrent assets, net 377.7 396.2
Total assets [1] 12,678.9 13,264.5
Current liabilities:    
Current portion of debt 124.3 47.2
Accounts payable 197.7 248.2
Broadcast rights payable 151.0 76.9
Accrued expenses 319.5 315.9
Operating lease liabilities 49.6 42.8
Other current liabilities 51.1 56.3
Total current liabilities 893.2 787.3
Debt 6,827.2 7,367.9
Deferred tax liabilities 1,605.6 1,728.5
Other noncurrent liabilities 583.6 523.3
Total liabilities [1] 9,909.6 10,407.0
Commitments and contingencies (Note 16)
Stockholders' equity:    
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of December 31, 2022 and December 31, 2021
Common stock - $0.01 par value, 100,000,000 shares authorized; 47,282,823 shares issued, 36,810,186 shares outstanding as of December 31, 2022 and 47,291,463 shares issued, 40,757,429 shares outstanding as of December 31, 2021 0.5 0.5
Additional paid-in capital 1,287.5 1,311.1
Accumulated other comprehensive income 26.9 141.6
Retained earnings 3,033.1 2,204.2
Treasury stock - at cost; 10,472,637 and 6,534,034 shares as of December 31, 2022 and December 31, 2021, respectively (1,607.0) (807.0)
Total Nexstar Media Group, Inc. stockholders’ equity 2,741.0 2,850.4
Noncontrolling interests 28.3 7.1
Total stockholders' equity 2,769.3 2,857.5
Total liabilities and stockholders’ equity 12,678.9 13,264.5
Network affiliation agreements [Member]    
Current assets:    
Intangible assets, net 1,871.4 2,060.2
Other Intangible Assets [Member]    
Current assets:    
Intangible assets, net $ 562.8 $ 656.9
[1] The consolidated total assets as of December 31, 2022 and 2021 include certain assets held by consolidated VIEs of $304.8 million and $309.7 million, respectively, which are not available to be used to settle the obligations of Nexstar. The consolidated total liabilities as of December 31, 2022 and 2021 include certain liabilities of consolidated VIEs of $148.4 million and $168.0 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additional information.