Gray Media, Inc. (GTN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 523M | 656M | 485M | 478M | 483M | 541M | 576M | 538M | 601M | 468M | 495M | 512M | 537M | 857M | 934M | 951M | 1.02B | 963M | 872M | 1.26B |
| Cash & Short-Term Investments | 259M | 368M | 182M | 199M | 210M | 135M | 69M | 75M | 134M | 21M | 21M | 36M | 56M | 61M | 144M | 162M | 247M | 189M | 322M | 785M |
| Cash Only | 259M | 368M | 182M | 199M | 210M | 135M | 69M | 75M | 134M | 21M | 21M | 36M | 56M | 61M | 144M | 162M | 247M | 189M | 322M | 785M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 179M | 211M | 210M | 222M | 198M | 343M | 364M | 344M | 383M | 363M | 360M | 350M | 354M | 672M | 637M | 635M | 665M | 645M | 461M | 429M |
| Days Sales Outstanding | 22.85 | 24.45 | 26.53 | 24.75 | 31.13 | 31.12 | 34.28 | 40.05 | 41.24 | 38.49 | 40.67 | 39.4 | 57.64 | 56.17 | 64.37 | 68.15 | 71.28 | 70.56 | 68.12 | 71.79 |
| Inventory | 11M | 0 | 25M | 0 | 0 | 17M | 0 | 0 | 14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 1.53 | - | 100 | - | - | 2.51 | - | - | 2.11 | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 31M | 42M | 28M | 57M | 51M | 21M | 76M | 54M | 56M | 66M | 80M | 59M | 63M | 81M | 92M | 47M | 84M | 89M | 61M | 34M |
| Total Non-Current Assets | 9.8B | 9.78B | 9.84B | 9.87B | 9.96B | 10B | 10.06B | 10.1B | 10.13B | 10.17B | 10.24B | 10.3B | 10.31B | 10.29B | 10.25B | 10.17B | 10.12B | 10.14B | 6.91B | 6.41B |
| Property, Plant & Equipment | 1.57B | 1.57B | 1.6B | 0 | 0 | 1.65B | 1.65B | 1.65B | 1.66B | 1.68B | 1.69B | 1.65B | 1.6B | 1.54B | 1.44B | 1.33B | 1.25B | 1.24B | 964M | 864M |
| Fixed Asset Turnover | 0.49x | 0.50x | 0.47x | - | - | 0.63x | 0.58x | 0.50x | 0.49x | 0.51x | 0.48x | 0.50x | 0.51x | 0.72x | 0.66x | 0.67x | 0.66x | 0.66x | 0.66x | 0.66x |
| Goodwill | 2.65B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.64B | 2.66B | 2.66B | 2.66B | 2.66B | 2.66B | 2.65B | 2.65B | 1.63B | 1.47B |
| Intangible Assets | 5.5B | 5.47B | 5.49B | 5.51B | 5.57B | 5.6B | 5.63B | 5.67B | 5.7B | 5.74B | 5.78B | 5.86B | 5.92B | 5.97B | 6.01B | 6.05B | 6.08B | 6.13B | 4.19B | 3.93B |
| Long-Term Investments | 32M | 37M | 56M | 58M | 72M | 66M | 86M | 86M | 86M | 85M | 101M | 108M | 107M | 105M | 125M | 120M | 117M | 117M | 105M | 95M |
| Other Non-Current Assets | 49M | 64M | 48M | 1.66B | 1.67B | 46M | 43M | 43M | -1.31B | 33M | 27M | 20M | 20M | 19M | 15M | 12M | 15M | 16M | 14M | 55M |
| Total Assets | 10.32B | 10.44B | 10.32B | 10.35B | 10.44B | 10.54B | 10.63B | 10.63B | 10.73B | 10.64B | 10.73B | 10.81B | 10.85B | 11.15B | 11.18B | 11.12B | 11.13B | 11.11B | 7.78B | 7.67B |
| Asset Turnover | 0.07x | 0.08x | 0.07x | 0.07x | 0.07x | 0.10x | 0.09x | 0.08x | 0.08x | 0.08x | 0.07x | 0.08x | 0.07x | 0.10x | 0.08x | 0.08x | 0.07x | 0.08x | 0.08x | 0.07x |
| Asset Growth % | -1.14% | -0.97% | -2.92% | -2.65% | -2.77% | -0.92% | -0.97% | -1.63% | -1.01% | -4.59% | -4.01% | -2.81% | -2.6% | 0.4% | 43.76% | 45.02% | 45.35% | 45.34% | 7.68% | 8.95% |
| Total Current Liabilities | 437M | 516M | 519M | 549M | 533M | 527M | 508M | 331M | 424M | 395M | 414M | 357M | 424M | 409M | 446M | 374M | 363M | 384M | 280M | 223M |
| Accounts Payable | 130M | 144M | 18M | 82M | 72M | 75M | 17M | 32M | 36M | 23M | 26M | 33M | 40M | 55M | 40M | 66M | 23M | 59M | 34M | 33M |
| Days Payables Outstanding | 19.03 | -6.78 | 200 | 12.02 | 11.08 | 6.78 | 3.8 | 5.34 | 4.44 | 3.57 | 4.72 | 5.9 | 6.96 | 7.32 | 8.82 | 7.47 | 6.64 | 9.06 | 7.76 | 6.52 |
| Short-Term Debt | 10M | 2M | 12M | 10M | 53M | 20M | 23M | 13M | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 0 | 0 |
| Deferred Revenue (Current) | 21M | 20M | 28M | 27M | 21M | 29M | 50M | 23M | 22M | 23M | 51M | 40M | 43M | 24M | 64M | 22M | 20M | 14M | 11M | 8M |
| Other Current Liabilities | 189M | 121M | 359M | 329M | 68M | 18M | 145M | 90M | 208M | 130M | 110M | 79M | 82M | 127M | 130M | 100M | 107M | 134M | 103M | 74M |
| Current Ratio | 1.20x | 1.27x | 0.93x | 0.87x | 0.91x | 1.03x | 1.13x | 1.63x | 1.42x | 1.18x | 1.20x | 1.43x | 1.27x | 2.10x | 2.09x | 2.54x | 2.80x | 2.51x | 3.11x | 5.64x |
| Quick Ratio | 1.17x | 1.27x | 0.89x | 0.87x | 0.91x | 0.99x | 1.13x | 1.63x | 1.38x | 1.18x | 1.20x | 1.43x | 1.27x | 2.10x | 2.09x | 2.54x | 2.80x | 2.51x | 3.11x | 5.64x |
| Cash Conversion Cycle | 5.35 | - | -73.47 | - | - | 26.85 | - | - | 38.91 | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 7.12B | 7.12B | 6.99B | 6.97B | 7B | 7.08B | 7.34B | 7.6B | 7.61B | 7.62B | 7.67B | 7.74B | 7.71B | 7.98B | 8.15B | 8.26B | 8.32B | 8.32B | 5.09B | 5B |
| Long-Term Debt | 5.75B | 5.74B | 6.35B | 5.58B | 5.59B | 5.6B | 5.87B | 6.13B | 6.14B | 6.14B | 6.17B | 6.2B | 6.15B | 6.44B | 6.59B | 6.69B | 6.74B | 6.74B | 3.98B | 3.98B |
| Capital Lease Obligations | 57M | 59M | 61M | 62M | 63M | 62M | 62M | 64M | 65M | 69M | 70M | 71M | 72M | 68M | 65M | 63M | 64M | 63M | 51M | 50M |
| Deferred Tax Liabilities | 1.3B | 1.3B | 1.31B | 1.31B | 1.33B | 1.35B | 1.34B | 1.35B | 1.35B | 1.36B | 1.4B | 1.45B | 1.46B | 1.45B | 1.47B | 1.47B | 1.47B | 1.47B | 994M | 905M |
| Other Non-Current Liabilities | 16M | 18M | -729M | 18M | 18M | 72M | 67M | 60M | 54M | 51M | 31M | 27M | 33M | 15M | 32M | 37M | 42M | 43M | 61M | 66M |
| Total Liabilities | 7.56B | 7.63B | 7.51B | 7.52B | 7.53B | 7.61B | 7.85B | 7.93B | 8.04B | 8.02B | 8.08B | 8.1B | 8.13B | 8.39B | 8.6B | 8.63B | 8.68B | 8.7B | 5.37B | 5.22B |
| Total Debt | 5.81B | 5.81B | 6.42B | 5.66B | 5.71B | 5.69B | 5.96B | 6.21B | 6.23B | 6.24B | 6.27B | 6.29B | 6.25B | 6.53B | 6.68B | 6.78B | 6.83B | 6.83B | 4.04B | 4.04B |
| Net Debt | 5.55B | 5.45B | 6.24B | 5.46B | 5.5B | 5.56B | 5.9B | 6.14B | 6.09B | 6.22B | 6.25B | 6.26B | 6.19B | 6.47B | 6.54B | 6.62B | 6.58B | 6.64B | 3.72B | 3.25B |
| Debt / Equity | 2.10x | 2.07x | 2.29x | 2.00x | 1.97x | 1.94x | 2.15x | 2.30x | 2.31x | 2.38x | 2.36x | 2.32x | 2.30x | 2.36x | 2.59x | 2.72x | 2.78x | 2.84x | 1.67x | 1.65x |
| Debt / EBITDA | 38.24x | 10.44x | 44.01x | 38.26x | 35.50x | 14.52x | 18.41x | 27.49x | 32.61x | 30.14x | 37.30x | 29.41x | 38.79x | 14.23x | 19.59x | 22.51x | 26.16x | 37.72x | 31.08x | 24.03x |
| Net Debt / EBITDA | 36.54x | 9.78x | 42.76x | 36.91x | 34.19x | 14.18x | 18.20x | 27.15x | 31.91x | 30.04x | 37.18x | 29.24x | 38.44x | 14.10x | 19.17x | 21.98x | 25.21x | 36.67x | 28.60x | 19.36x |
| Interest Coverage | 0.69x | 0.78x | 0.77x | 0.70x | 0.80x | 2.77x | 1.98x | 1.25x | 2.03x | 0.90x | 0.67x | 1.08x | 0.60x | 3.44x | 2.60x | 2.69x | 2.05x | 1.68x | 1.38x | 2.15x |
| Total Equity | 2.76B | 2.81B | 2.81B | 2.83B | 2.9B | 2.93B | 2.78B | 2.71B | 2.7B | 2.62B | 2.65B | 2.71B | 2.71B | 2.77B | 2.58B | 2.49B | 2.45B | 2.41B | 2.41B | 2.45B |
| Equity Growth % | -4.86% | -4.36% | 1.01% | 4.66% | 7.56% | 11.9% | 4.83% | -0.18% | -0.41% | -5.24% | 2.71% | 8.92% | 10.47% | 14.91% | 7.05% | 1.68% | 1.24% | 0.17% | 9.04% | 16.08% |
| Book Value per Share | 28.48 | 28.92 | 28.95 | 29.19 | 30.25 | 29.93 | 28.66 | 28.18 | 28.42 | 28.18 | 28.52 | 29.14 | 29.47 | 30.07 | 28.07 | 26.47 | 26.11 | 25.34 | 25.39 | 25.76 |
| Total Shareholders' Equity | 2.76B | 2.81B | 2.81B | 2.83B | 2.9B | 2.93B | 2.78B | 2.71B | 2.7B | 2.62B | 2.65B | 2.71B | 2.71B | 2.77B | 2.58B | 2.49B | 2.45B | 2.41B | 2.41B | 2.45B |
| Common Stock | 1.28B | 1.28B | 1.27B | 1.27B | 1.26B | 1.25B | 1.25B | 1.25B | 1.24B | 1.22B | 1.22B | 1.21B | 1.21B | 1.2B | 1.19B | 1.18B | 1.18B | 1.17B | 1.16B | 1.16B |
| Retained Earnings | 1.16B | 1.21B | 1.24B | 1.27B | 1.34B | 1.38B | 1.23B | 1.15B | 1.15B | 1.08B | 1.11B | 1.18B | 1.19B | 1.24B | 1.08B | 988M | 910M | 869M | 861M | 899M |
| Treasury Stock | -332M | -323M | -323M | -323M | -322M | -317M | -317M | -317M | -317M | -314M | -313M | -313M | -313M | -309M | -307M | -307M | -257M | -251M | -221M | -221M |
| Accumulated OCI | -4M | -4M | -28M | -31M | -31M | -30M | -30M | -25M | -23M | -23M | -17M | -15M | -23M | -12M | -27M | -27M | -27M | -27M | -39M | -39M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |