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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 28, 2014
Current assets    
Cash and cash equivalents $ 129,200 $ 110,305
Trade receivables, net of allowances of $9,092 and $8,844, respectively 556,351 537,457
Other receivables 18,738 55,040
Assets held for sale 0 36,774
Prepaid expenses and other current assets 94,262 82,956
Current discontinued operations assets 6,608 490,531
Total current assets 805,159 1,313,063
Property and equipment    
Land 76,089 97,892
Buildings and improvements 272,862 487,885
Equipment, furniture and fixtures 604,839 692,424
Construction in progress 30,395 17,511
Total 984,185 1,295,712
Less accumulated depreciation (525,866) (628,794)
Net property and equipment 458,319 666,918
Intangible and other assets    
Goodwill 3,919,726 3,914,771
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $220,662 and $114,273, respectively 3,065,107 3,177,578
Investments and other assets 288,790 249,450
Noncurrent discontinued operation assets 657 1,920,415
Total intangible and other assets 7,274,280 9,262,214
Total assets [1] 8,537,758 11,242,195
Accounts payable    
Trade 87,706 114,362
Other 36,948 34,924
Accrued liabilities    
Compensation 115,679 143,905
Interest 49,835 64,929
Other 131,301 154,370
Dividends payable 31,033 45,309
Income taxes 15,742 11,267
Deferred income 132,650 131,794
Current portion of long-term debt 646 7,854
Current discontinued operations liabilities 5,243 424,739
Total current liabilities 606,783 1,133,453
Income taxes 18,191 56,578
Deferred income taxes 883,141 681,595
Long-term debt 4,200,816 4,488,028
Pension liabilities 178,844 171,675
Other noncurrent liabilities 168,573 175,710
Noncurrent discontinued operations liabilities 0 1,025,413
Total noncurrent liabilities 5,449,565 6,598,999
Total liabilities [1] 6,056,348 7,732,452
Redeemable noncontrolling interests $ 24,666 $ 20,470
Commitments and contingent liabilities (see Note 12)
TEGNA Inc. shareholders’ equity    
Common stock, par value $1: Authorized, 800,000,000 shares: Issued, 324,418,632 shares $ 324,419 $ 324,419
Additional paid-in capital 539,505 546,406
Retained earnings 7,111,129 8,602,369
Accumulated other comprehensive loss (130,951) (778,769)
Stockholders' Equity before Treasury Stock, Total 7,844,102 8,694,425
Less treasury stock at cost, 104,664,452 shares and 97,679,541 shares, respectively (5,652,131) (5,439,511)
Total TEGNA Inc. shareholders’ equity 2,191,971 3,254,914
Noncontrolling interests 264,773 234,359
Total equity 2,456,744 3,489,273
Total liabilities, redeemable noncontrolling interests and equity $ 8,537,758 $ 11,242,195
[1] Our consolidated assets as of Dec. 31, 2015 and Dec. 28, 2014, include total assets of $4.4 million and $60.0 million related to variable interest entities (VIEs). These assets can only be used to settle the obligations of the VIEs. Consolidated liabilities as of Dec. 31, 2015 include total liabilities of $1.2 million related to VIEs and our consolidated liabilities as of Dec. 28, 2014 include $4.3 million of such liabilities. The VIEs’ creditors have no recourse to us regarding these liabilities. See further description in Note 1 - Summary of significant accounting policies.