What is New York Times's the athletic — severance?

New York Times (NYT) reported the athletic — severance of $700K in Q2 2023.

What does the athletic — severance mean?

The total cost incurred for employee severance and related exit packages within the segment.

How do you interpret the athletic — severance?

An increase signals organizational restructuring or workforce reduction, which may be a precursor to future cost savings or a response to underperformance.

How does the athletic — severance compare across companies?

Standard 'Restructuring or Severance costs' reported in segment-level financial disclosures.

New York Times NYT The Athletic — Severance

Discontinued — last reported Q2 '23

Similar metrics at other companies

BALLOperating Segments — Severance Costs1

$1.8M—

IPCorporate Segment — Severance costs

$15.25M—

ENTGCorporate Segment — Employee Termination Benefits

$400K—

MODCorporate — Severance Costs1

$325K—

TTMICorporate — Severance Costs1

$685.75K—

SPXCOperating Segments — Severance Costs1

$600K+41.2%

Other financials

Income statement

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Revenue$712.2M+12.0%

Gross profit$349.3M+15.9%

Operating income$90.6M+54.5%

Net income$87.9M+77.4%

EPS (diluted)$0.54+80.0%

Balance sheet

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Cash & equivalents$200.5M+1.7%

Total debt$48.7M+2.0%

Total equity$2.0B+6.2%

Total assets$2.9B+4.5%

Cash flow

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Operating cash flow$92.2M-6.9%

CapEx$10.7M+16.1%

Free cash flow$81.5M-9.3%

Valuation

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Market cap$11.83B+67.4%

P/E30.9×+7.6×

P/S4.1×+1.4×

Profitability

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Gross margin51.1%+1.6pp

Operating margin16%+2.2pp

Net margin13.2%+1.6pp

FCF margin18.7%+2.5pp

Returns & leverage

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Return on equity19.7%+3.0pp

Debt / equity0×0.0×

Current ratio1.6×+0.2×

Where this comes from

Reported directly by New York Times in its filing.

Tagged under the XBRL concept us-gaap:SeveranceCosts1.

The official record: New York Times’s 10-Q, filed August 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is New York Times's the athletic — severance?: New York Times (NYT) reported the athletic — severance of $700K in Q2 2023.
What does the athletic — severance mean?: The total cost incurred for employee severance and related exit packages within the segment.
How do you interpret the athletic — severance?: An increase signals organizational restructuring or workforce reduction, which may be a precursor to future cost savings or a response to underperformance.
How does the athletic — severance compare across companies?: Standard 'Restructuring or Severance costs' reported in segment-level financial disclosures.