Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Gray Television, Inc. (GTN) had Return on Tangible Equity of 1.32% for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$3.28B
Net Income	$-128.00M
Cost of Goods Sold	$2.38B
Gross Profit	$898.00M
Operating Expenses	$2.90B
Operating Income	$383.00M
Non-Operating Income/Expense	$-465.00M
Pre-Tax Income	$-82.00M
Normalized Pre-Tax Income	$-53.00M
Income after Taxes	$-76.00M
Income from Continuous Operations	$-76.00M
Consolidated Net Income/Loss	$-76.00M
Normalized Income after Taxes	$-44.88M
EBIT	$383.00M
EBITDA	$834.00M
Weighted-Average Shares Outstanding (Basic)	92.00M
Weighted-Average Shares Outstanding (Diluted)	92.00M
Earnings per Share (EPS) (Basic)	$-1.39
Earnings per Share (EPS) (Diluted)	$-1.39
Balance Sheet Financials
Current Assets	$468.00M
Property, Plant, and Equipment	$1.60B
Long-Term Assets	$10.17B
Total Assets	$10.64B
Current Liabilities	$395.00M
Long-Term Debt	$6.14B
Long-Term Liabilities	$7.62B
Total Liabilities	$8.02B
Common Equity	$1.97B
Tangible Shareholders Equity	$-5.76B
Shareholders Equity	$2.62B
Common Shares Outstanding	95.39M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$648.00M
Cash Flow from Investing Activities	$-291.00M
Cash Flow from Financial Activities	$-397.00M
Beginning Cash	$61.00M
End Cash	$21.00M
Increase/Decrease in Cash	$-40.00M
Stock-Based Compensation	$10.00M
Common Stock Dividends Paid	$-30.00M
Preferred Stock Dividends Paid	$-52.00M
Fundamental Metrics & Ratios
Current Ratio	1.18
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.70
Debt to Equity Ratio	2.35
Gross Margin	27.37%
Operating Margin	11.67%
EBIT Margin	11.67%
EBITDA Margin	25.42%
Pre-Tax Profit Margin	-2.50%
Profit Margin	-3.90%
Free Cash Flow	$306.00M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.31
Inventory Turnover	--
Receiveable Turnover	9.04
Days Sales in Receivables	40.38
Return on Equity	-3.86%
Return on Tangible Equity	1.32%
Return on Assets	-0.71%
Return on Investments	-0.87%
Book Value Per Share	$27.48
Free Cash Flow per Share	$3.33
Operating Cash Flow per Share	$7.04

Data from Zacks Investment Research, Inc.