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Gray Television GTN Increase Decrease In Prepaid Taxes

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Other financials

Income statement

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Revenue$768.0M-1.8%
Operating income$81.0M-12.0%
Net income-$20.0M-122%
EPS (diluted)-$0.34-47.8%

Balance sheet

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Cash & equivalents$259.0M+23.3%
Total debt$5.8B+2.3%
Total equity$2.1B-6.3%
Total assets$10.3B-1.1%

Cash flow

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Operating cash flow$1.0M-99.2%
CapEx$19.0M+26.7%
Free cash flow-$18.0M-115%

Valuation

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Market cap$367.8M-15.6%
Enterprise value$5.92B+0.2%
P/S0.1×0.0×

Profitability

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Operating margin12.4%-10.4pp
Net margin-3.1%-10.8pp
FCF margin1.9%-17.6pp

Returns & leverage

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Return on equity-4.4%-17.3pp
Debt / equity2.8×+0.2×
Current ratio1.2×+0.3×

Where this comes from

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInPrepaidTaxes.

The official record: Gray Television’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gray Television's increase decrease in prepaid taxes?
Gray Television (GTN) reported increase decrease in prepaid taxes of $3M in Q1 2026.
How has Gray Television's increase decrease in prepaid taxes changed year-over-year?
Gray Television's increase decrease in prepaid taxes increased by 400.0% year-over-year, from -$1M to $3M.
What is the long-term trend for Gray Television's increase decrease in prepaid taxes?
Over 2 years (2021 to 2024), Gray Television's increase decrease in prepaid taxes has grown at a -55.3% compound annual growth rate (CAGR), from $40M to -$8M.
What does increase decrease in prepaid taxes mean?
This represents the change in cash outflows related to tax payments made in advance of the period in which the tax liability is recognized. Fluctuations in this metric reflect changes in the company's tax planning, estimated tax payments, and timing differences between cash disbursements and tax expense recognition. It is a key component in reconciling net income to cash flow from operations.