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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 115,652 $ 87,680
Accounts receivable, net of allowance for doubtful accounts of $13,358 and $5,805, respectively 562,943 218,058
Spectrum asset 305,764  
Restricted cash   26,719
Prepaid expenses and other current assets 71,859 30,760
Total current assets 1,056,218 363,217
Property and equipment, net 734,138 276,153
Goodwill 2,142,846 473,304
FCC licenses 1,767,638 542,524
Other intangible assets, net 1,581,626 324,737
Restricted cash   901,080
Other noncurrent assets, net 199,181 85,070
Total assets [1] 7,481,647 2,966,085
Current liabilities:    
Current portion of debt 92,808 28,093
Current portion of broadcast rights payable 16,659 16,512
Accounts payable 31,136 19,754
Accrued expenses 159,281 71,315
Interest payable 39,563 44,190
Liability to surrender spectrum asset 314,087  
Other current liabilities 17,169 9,714
Total current liabilities 670,703 189,578
Debt 4,269,652 2,314,326
Deferred tax liabilities 619,441 132,008
Other noncurrent liabilities 340,541 45,819
Total liabilities [1] 5,900,337 2,681,731
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of December 31, 2017 and 2016
Additional paid-in capital 1,342,541 386,921
Accumulated other comprehensive income 6,140  
Retained earnings (accumulated deficit) 299,523 (176,583)
Treasury stock - at cost; 1,325,049 and 876,744 shares at December 31, 2017 and 2016, respectively (78,063) (41,513)
Total Nexstar Media Group, Inc. stockholders' equity 1,570,614 169,141
Noncontrolling interests in consolidated variable interest entities 10,696 115,213
Total stockholders' equity 1,581,310 284,354
Total liabilities and stockholders' equity 7,481,647 2,966,085
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 473 316
Total stockholders' equity $ 473 $ 316
[1] The consolidated total assets as of December 31, 2017 and 2016 include certain assets held by consolidated VIEs of $426.9 million and $226.2 million, respectively, which are not available to be used to settle the obligations of Nexstar. The consolidated total liabilities as of December 31, 2017 and 2016 include certain liabilities of consolidated VIEs of $81.8 million and $39.2 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additional information.