XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues [Abstract]        
Net revenue $ 1,269 $ 1,240 $ 2,553 $ 2,497
Operating expenses:        
Direct operating, excluding depreciation and amortization 552 537 1,100 1,075
Selling, general and administrative, excluding depreciation and amortization 269 262 539 528
Depreciation and amortization 208 262 398 511
Total operating expenses 1,029 1,061 2,037 2,114
Income from operations 240 179 516 383
Income from equity method investments, net 16 32 35 57
Interest expense, net (113) (111) (227) (218)
Pension and other postretirement plans credit, net 7 10 14 19
Gain on disposal of an investment     40  
Other expenses, net (1)     (1)
Income before income taxes 149 110 378 240
Income tax expense (43) (35) (105) (77)
Net income 106 75 273 163
Net loss attributable to noncontrolling interests 12 21 20 44
Net income attributable to Nexstar Media Group, Inc. $ 118 $ 96 $ 293 $ 207
Net income per common share attributable to Nexstar Media Group, Inc.:        
Basic $ 3.59 $ 2.68 $ 8.85 $ 5.71
Diluted $ 3.54 $ 2.64 $ 8.71 $ 5.61
Weighted average number of common shares outstanding:        
Basic (in thousands) 32,816 35,788 33,133 36,250
Diluted (in thousands) 33,287 36,314 33,656 36,878