Gannett (GCI) Financials

$3.49 +0.07 (+2.05%)

Closing price 03:59 PM Eastern

Extended Trading

$3.50 +0.01 (+0.29%)

As of 07:18 PM Eastern

Annual Income Statements for Gannett

This table shows Gannett's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-26	-28	-78
Consolidated Net Income / (Loss)	-26	-28	-78
Net Income / (Loss) Continuing Operations	-26	-28	-78
Total Pre-Tax Income	-78	-6.17	-77
Total Operating Income	-43	86	-34
Total Gross Profit	963	971	1,085
Total Revenue	2,509	2,664	2,945
Operating Revenue	2,509	2,664	2,945
Total Cost of Revenue	1,546	1,693	1,860
Operating Cost of Revenue	1,546	1,693	1,860
Total Operating Expenses	1,007	885	1,119
Selling, General & Admin Expense	736	737	854
Depreciation Expense	156	163	182
Impairment Charge	47	1.37	1.06
Restructuring Charge	66	24	88
Other Special Charges / (Income)	1.11	-40	-6.88
Total Other Income / (Expense), net	-35	-92	-43
Interest Expense	49	107	108
Interest & Investment Income	0.55	2.38	3.42
Other Income / (Expense), net	14	12	61
Income Tax Expense	-51	22	1.35
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.03	-0.10	-0.25
Basic Earnings per Share	($0.18)	($0.20)	($0.57)
Weighted Average Basic Shares Outstanding	147.37M	148.81M	145.77M
Diluted Earnings per Share	($0.18)	($0.20)	($0.57)
Weighted Average Diluted Shares Outstanding	147.37M	148.81M	145.77M
Weighted Average Basic & Diluted Shares Outstanding	147.37M	148.81M	145.77M

This table shows Gannett's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	64	-20	14	-85	-23	-2.57	-13	10	33	-54
Consolidated Net Income / (Loss)	64	-20	14	-85	-23	-2.57	-13	10	33	-54
Net Income / (Loss) Continuing Operations	65	-20	13	-85	-20	-2.98	-15	10	32	-53
Total Pre-Tax Income	36	-26	-13	-75	-1.32	14	-11	-7.07	1.37	-36
Total Operating Income	6.11	-6.02	6.97	-50	18	35	14	20	15	-25
Total Gross Profit	245	236	248	233	250	236	246	239	276	259
Total Revenue	621	612	640	636	669	653	672	669	731	718
Operating Revenue	621	612	640	636	669	653	672	669	731	718
Total Cost of Revenue	376	376	391	403	420	417	426	430	455	459
Operating Cost of Revenue	376	376	391	403	420	417	426	430	455	459
Total Operating Expenses	239	243	241	283	232	202	233	219	261	284
Selling, General & Admin Expense	189	184	183	181	187	185	184	181	191	213
Depreciation Expense	39	40	38	38	38	41	40	44	40	45
Impairment Charge	0.51	0.09	0.00	46	-	0.19	1.18	0.01	0.05	0.07
Restructuring Charge	11	17	20	18	6.01	-0.96	7.29	12	-	-
Other Special Charges / (Income)	-0.47	0.78	0.24	0.55	0.77	-23	0.15	-18	2.73	-7.18
Total Other Income / (Expense), net	30	-20	-20	-25	-17	-21	-27	-27	-15	-9.73
Interest Expense	-29	26	26	26	26	25	29	28	26	27
Interest & Investment Income	0.27	-0.10	0.56	-0.19	1.04	0.51	0.62	0.21	-	-
Other Income / (Expense), net	0.83	6.17	5.43	1.33	8.07	3.33	0.44	0.59	7.91	17
Income Tax Expense	-28	-6.43	-27	10	22	16	1.33	-17	-31	18
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.00	-0.00	-0.03	0.00	-0.00	-0.00	-0.01	-0.08	-0.10	-0.01
Basic Earnings per Share	$0.46	($0.14)	$0.10	($0.60)	($0.16)	($0.02)	($0.09)	$0.07	$0.23	($0.39)
Weighted Average Basic Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	-	149.01M	145.77M	146.09M
Diluted Earnings per Share	$0.47	($0.14)	$0.09	($0.60)	($0.16)	($0.02)	($0.09)	$0.07	$0.23	($0.39)
Weighted Average Diluted Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	-	149.01M	145.77M	146.09M
Weighted Average Basic & Diluted Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	-	149.01M	145.77M	146.09M

This table details how cash moves in and out of Gannett's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	5.57	5.81	-39
Net Cash From Operating Activities	100	95	41
Net Cash From Continuing Operating Activities	100	95	41
Net Income / (Loss) Continuing Operations	-26	-28	-78
Consolidated Net Income / (Loss)	-26	-28	-78
Depreciation Expense	156	163	182
Non-Cash Adjustments To Reconcile Net Income	-1.73	-22	-52
Changes in Operating Assets and Liabilities, net	-28	-18	-11
Net Cash From Investing Activities	-28	47	22
Net Cash From Continuing Investing Activities	-28	47	22
Purchase of Property, Plant & Equipment	-50	-38	-45
Acquisitions	0.00	0.00	-15
Sale of Property, Plant & Equipment	21	85	84
Other Investing Activities, net	0.61	-0.20	-0.57
Net Cash From Financing Activities	-69	-136	-103
Net Cash From Continuing Financing Activities	-69	-136	-103
Repayment of Debt	-903	-133	-174
Repurchase of Common Equity	-3.14	-2.64	-6.56
Payment of Dividends	0.00	0.00	-2.05
Issuance of Debt	838	0.00	80
Effect of Exchange Rate Changes	2.06	-0.23	1.15

This table details how cash moves in and out of Gannett's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	4.50	2.89	5.42	-7.24	-9.42	1.90	25	-11	-31	37
Net Cash From Operating Activities	8.99	34	35	22	21	21	46	6.72	7.79	31
Net Cash From Continuing Operating Activities	8.99	34	35	22	21	21	46	6.72	7.79	31
Net Income / (Loss) Continuing Operations	64	-20	14	-85	-23	-2.57	-13	10	33	-54
Consolidated Net Income / (Loss)	64	-20	14	-85	-23	-2.57	-13	10	33	-54
Depreciation Expense	39	40	38	38	38	41	40	44	40	45
Non-Cash Adjustments To Reconcile Net Income	-54	4.79	4.34	43	4.36	-21	7.98	-13	-2.86	-19
Changes in Operating Assets and Liabilities, net	-41	8.21	-21	26	1.20	3.58	11	-34	-62	59
Net Cash From Investing Activities	-11	-0.80	-3.84	-12	-7.09	39	-5.70	21	3.04	29
Net Cash From Continuing Investing Activities	-11	-0.80	-3.84	-12	-7.09	39	-5.70	21	3.04	29
Purchase of Property, Plant & Equipment	-13	-14	-9.73	-13	-8.41	-13	-7.65	-8.80	-9.43	-13
Sale of Property, Plant & Equipment	1.72	13	5.50	0.58	1.50	52	1.96	30	13	41
Other Investing Activities, net	0.22	-	0.39	-0.00	-0.18	-0.01	-0.01	0.00	-0.02	-
Net Cash From Financing Activities	3.66	-29	-25	-18	-23	-58	-16	-39	-45	-23
Net Cash From Continuing Financing Activities	3.66	-29	-25	-18	-23	-58	-16	-39	-45	-23
Repayment of Debt	-834	-29	-25	-16	-23	-58	-15	-37	-45	-23
Effect of Exchange Rate Changes	2.74	-1.08	-0.59	0.98	-0.92	0.59	0.06	0.04	2.60	-0.31

This table presents Gannett's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,040	2,181	2,394
Total Current Assets	426	444	508
Cash & Equivalents	106	100	94
Accounts Receivable	240	266	289
Inventories, net	21	27	45
Prepaid Expenses	40	36	46
Other Current Assets	19	15	33
Plant, Property, & Equipment, net	241	239	306
Total Noncurrent Assets	1,373	1,498	1,580
Goodwill	530	534	533
Intangible Assets	430	524	613
Noncurrent Deferred & Refundable Income Taxes	61	37	57
Employee Benefit Assets	208	181	143
Other Noncurrent Operating Assets	144	222	233
Total Liabilities & Shareholders' Equity	2,040	2,181	2,394
Total Liabilities	1,888	1,864	2,098
Total Current Liabilities	546	534	617
Short-Term Debt	74	64	60
Accounts Payable	318	293	352
Current Deferred Revenue	108	121	154
Other Current Liabilities	45	56	51
Total Noncurrent Liabilities	1,342	1,330	1,481
Long-Term Debt	250	416	406
Noncurrent Deferred & Payable Income Tax Liabilities	4.93	2.03	1.44
Noncurrent Employee Benefit Liabilities	38	43	51
Other Noncurrent Operating Liabilities	1,049	870	1,023
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	153	317	295
Total Preferred & Common Equity	153	318	296
Preferred Stock	0.00	0.00	0.00
Total Common Equity	153	318	296
Common Stock	1,283	1,428	1,411
Retained Earnings	-1,054	-1,027	-999
Accumulated Other Comprehensive Income / (Loss)	-56	-66	-101
Other Equity Adjustments	-21	-17	-15
Noncontrolling Interest	-0.51	-0.47	-0.37

This table presents Gannett's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	3/31/2023	9/30/2022
Total Assets	2,063	2,053	2,089	2,249	2,328	2,482
Total Current Assets	433	418	426	464	451	503
Cash & Equivalents	102	99	93	109	83	125
Accounts Receivable	244	242	244	257	256	270
Inventories, net	22	22	24	30	42	38
Prepaid Expenses	43	39	44	50	48	70
Other Current Assets	21	16	20	17	21	-
Plant, Property, & Equipment, net	248	234	239	246	292	329
Total Noncurrent Assets	1,383	1,402	1,424	1,539	1,586	1,650
Goodwill	531	534	534	533	533	538
Intangible Assets	453	479	502	546	592	638
Noncurrent Deferred & Refundable Income Taxes	50	40	34	57	73	0.00
Employee Benefit Assets	197	191	188	172	156	230
Other Noncurrent Operating Assets	152	158	167	231	232	243
Total Liabilities & Shareholders' Equity	2,063	2,053	2,089	2,249	2,328	2,482
Total Liabilities	1,823	1,804	1,856	1,923	2,008	2,169
Total Current Liabilities	551	528	537	561	560	649
Short-Term Debt	60	60	64	69	60	91
Accounts Payable	334	305	300	311	305	343
Current Deferred Revenue	108	112	120	129	142	162
Other Current Liabilities	48	50	53	53	52	53
Total Noncurrent Liabilities	1,272	1,277	1,319	1,362	1,448	1,520
Long-Term Debt	427	423	420	412	409	402
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	6.60	0.00	0.00	7.16
Noncurrent Employee Benefit Liabilities	39	40	41	44	49	66
Other Noncurrent Operating Liabilities	806	813	852	906	990	1,044
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	240	249	233	326	321	313
Total Preferred & Common Equity	240	250	233	327	321	313
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	240	250	233	327	321	313
Common Stock	1,437	1,434	1,431	1,424	1,415	1,408
Retained Earnings	-1,118	-1,098	-1,112	-1,004	-989	-1,032
Accumulated Other Comprehensive Income / (Loss)	-59	-66	-65	-76	-88	-48
Other Equity Adjustments	-21	-20	-20	-17	-17	-15
Noncontrolling Interest	-0.50	-0.50	-0.47	-0.47	-0.45	-0.27

This table displays calculated financial ratios and metrics derived from Gannett's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-5.79%	-9.57%	-8.18%
EBITDA Growth	-51.32%	24.64%	-30.23%
EBIT Growth	-129.47%	257.10%	-71.37%
NOPAT Growth	-149.66%	356.77%	-130.80%
Net Income Growth	5.40%	64.36%	42.53%
EPS Growth	10.00%	64.91%	43.00%
Operating Cash Flow Growth	6.07%	131.94%	-68.01%
Free Cash Flow Firm Growth	865.32%	-82.02%	-83.03%
Invested Capital Growth	-46.85%	4.45%	-22.56%
Revenue Q/Q Growth	-1.88%	-2.25%	-3.14%
EBITDA Q/Q Growth	-13.90%	-0.60%	-19.25%
EBIT Q/Q Growth	-277.55%	-0.15%	-59.37%
NOPAT Q/Q Growth	-37.81%	3.74%	-41.43%
Net Income Q/Q Growth	76.77%	-200.81%	41.45%
EPS Q/Q Growth	77.78%	-205.26%	38.71%
Operating Cash Flow Q/Q Growth	-10.82%	16.45%	50.53%
Free Cash Flow Firm Q/Q Growth	481.03%	-25.86%	-17.71%
Invested Capital Q/Q Growth	-40.82%	-0.25%	-2.14%
Profitability Metrics	-	-	-
Gross Margin	38.39%	36.46%	36.84%
EBITDA Margin	5.07%	9.81%	7.12%
Operating Margin	-1.71%	3.24%	-1.14%
EBIT Margin	-1.16%	3.71%	0.94%
Profit (Net Income) Margin	-1.05%	-1.05%	-2.66%
Tax Burden Percent	33.97%	452.46%	101.75%
Interest Burden Percent	267.07%	-6.25%	-278.24%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.62%	8.85%	-3.08%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.41%	-14.64%	-18.63%
Return on Net Nonoperating Assets (RNNOA)	-5.61%	-17.96%	-15.89%
Return on Equity (ROE)	-11.23%	-9.11%	-18.97%
Cash Return on Invested Capital (CROIC)	55.57%	4.50%	22.36%
Operating Return on Assets (OROA)	-1.38%	4.32%	1.06%
Return on Assets (ROA)	-1.25%	-1.22%	-3.00%
Return on Common Equity (ROCE)	-11.25%	-9.12%	-19.04%
Return on Equity Simple (ROE_SIMPLE)	-17.23%	-8.78%	-26.46%
Net Operating Profit after Tax (NOPAT)	-30	60	-24
NOPAT Margin	-1.20%	2.27%	-0.80%
Net Nonoperating Expense Percent (NNEP)	-1.21%	23.50%	15.55%
Return On Investment Capital (ROIC_SIMPLE)	-6.29%	7.58%	-3.09%
Cost of Revenue to Revenue	61.61%	63.54%	63.16%
SG&A Expenses to Revenue	29.35%	27.67%	29.01%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.11%	33.24%	37.98%
Earnings before Interest and Taxes (EBIT)	-29	99	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	127	261	210
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.87	1.08	1.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.30	0.13	0.10
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.60	1.04	1.00
Enterprise Value to Revenue (EV/Rev)	0.38	0.27	0.23
Enterprise Value to EBITDA (EV/EBITDA)	7.57	2.76	3.19
Enterprise Value to EBIT (EV/EBIT)	0.00	7.31	24.17
Enterprise Value to NOPAT (EV/NOPAT)	0.00	11.95	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.60	7.63	16.38
Enterprise Value to Free Cash Flow (EV/FCFF)	3.25	23.49	3.91
Leverage & Solvency	-	-	-
Debt to Equity	2.12	1.51	1.58
Long-Term Debt to Equity	1.64	1.31	1.37
Financial Leverage	1.27	1.23	0.85
Leverage Ratio	8.98	7.47	6.33
Compound Leverage Factor	23.99	-0.47	-17.61
Debt to Total Capital	67.98%	60.19%	61.21%
Short-Term Debt to Total Capital	15.59%	8.00%	7.94%
Long-Term Debt to Total Capital	52.39%	52.19%	53.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.11%	-0.06%	-0.05%
Common Equity to Total Capital	32.13%	39.87%	38.84%
Debt to EBITDA	2.55	1.84	2.22
Net Debt to EBITDA	1.71	1.45	1.77
Long-Term Debt to EBITDA	1.96	1.59	1.93
Debt to NOPAT	-10.81	7.94	-19.82
Net Debt to NOPAT	-7.26	6.29	-15.81
Long-Term Debt to NOPAT	-8.33	6.89	-17.25
Altman Z-Score	0.63	0.77	0.71
Noncontrolling Interest Sharing Ratio	-0.21%	-0.14%	-0.35%
Liquidity Ratios	-	-	-
Current Ratio	0.78	0.83	0.82
Quick Ratio	0.63	0.69	0.62
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	297	31	171
Operating Cash Flow to CapEx	351.25%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	6.03	0.29	1.58
Operating Cash Flow to Interest Expense	2.04	0.88	0.38
Operating Cash Flow Less CapEx to Interest Expense	1.46	1.32	0.73
Efficiency Ratios	-	-	-
Asset Turnover	1.19	1.16	1.13
Accounts Receivable Turnover	9.92	9.59	9.53
Inventory Turnover	64.82	47.00	44.89
Fixed Asset Turnover	10.45	9.77	8.17
Accounts Payable Turnover	5.05	5.25	5.25
Days Sales Outstanding (DSO)	36.78	38.06	38.30
Days Inventory Outstanding (DIO)	5.63	7.77	8.13
Days Payable Outstanding (DPO)	72.22	69.58	69.54
Cash Conversion Cycle (CCC)	-29.81	-23.75	-23.11
Capital & Investment Metrics	-	-	-
Invested Capital	370	697	667
Invested Capital Turnover	4.70	3.91	3.85
Increase / (Decrease) in Invested Capital	-327	30	-194
Enterprise Value (EV)	963	722	668
Market Capitalization	746	342	297
Book Value per Share	$1.04	$2.13	$2.02
Tangible Book Value per Share	($5.48)	($4.97)	($5.82)
Total Capital	477	797	762
Total Debt	324	480	466
Total Long-Term Debt	250	416	406
Net Debt	218	380	372
Capital Expenditures (CapEx)	29	-47	-38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-152	-126	-143
Debt-free Net Working Capital (DFNWC)	-45	-26	-49
Net Working Capital (NWC)	-120	-89	-109
Net Nonoperating Expense (NNE)	-3.60	88	55
Net Nonoperating Obligations (NNO)	218	380	372
Total Depreciation and Amortization (D&A)	156	163	182
Debt-free, Cash-free Net Working Capital to Revenue	-6.05%	-4.72%	-4.86%
Debt-free Net Working Capital to Revenue	-1.81%	-0.96%	-1.66%
Net Working Capital to Revenue	-4.77%	-3.35%	-3.71%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.20)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	147.37M	148.81M	145.77M
Adjusted Diluted Earnings per Share	($0.18)	($0.20)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	147.37M	148.81M	145.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.37M	148.81M	145.77M
Normalized Net Operating Profit after Tax (NOPAT)	50	50	34
Normalized NOPAT Margin	1.98%	1.89%	1.15%
Pre Tax Income Margin	-3.10%	-0.23%	-2.61%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-0.59	0.92	0.26
NOPAT to Interest Expense	-0.61	0.56	-0.22
EBIT Less CapEx to Interest Expense	-1.17	1.36	0.61
NOPAT Less CapEx to Interest Expense	-1.19	1.00	0.14
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-2.62%
Augmented Payout Ratio	-11.90%	-9.47%	-11.00%

This table displays calculated financial ratios and metrics derived from Gannett's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.19%	-6.19%	-4.84%	-4.96%	-8.38%	-9.06%	-10.19%	-10.58%	-11.56%	-10.28%
EBITDA Growth	-28.19%	-48.62%	-5.73%	-115.97%	2.94%	116.62%	19.89%	-2.39%	-44.39%	-64.97%
EBIT Growth	-73.28%	-99.61%	-11.15%	-336.23%	14.45%	558.34%	396.24%	13.94%	-64.06%	-114.94%
NOPAT Growth	-13.19%	36.21%	-48.44%	-349.92%	-96.45%	62.45%	163.66%	1,109.15%	979.09%	-168.20%
Net Income Growth	380.91%	-665.34%	208.09%	-926.20%	-170.08%	95.26%	76.37%	430.75%	243.76%	-472.10%
EPS Growth	393.75%	-600.00%	200.00%	-957.14%	-169.57%	94.87%	76.92%	450.00%	276.92%	-533.33%
Operating Cash Flow Growth	-57.51%	63.56%	-23.75%	234.19%	171.45%	-34.07%	249.86%	-79.28%	232.24%	-23.22%
Free Cash Flow Firm Growth	2,065.01%	393.23%	-174.90%	-62.34%	-103.14%	-111.32%	2,960.15%	349.81%	-38.67%	133.31%
Invested Capital Growth	-46.85%	-10.42%	0.00%	-11.79%	4.45%	2.46%	0.00%	-13.96%	-22.56%	-24.75%
Revenue Q/Q Growth	1.44%	-4.28%	0.64%	-5.03%	2.53%	-2.90%	0.51%	-8.45%	1.78%	-4.11%
EBITDA Q/Q Growth	14.10%	-19.95%	593.74%	-115.47%	-18.35%	46.85%	-16.37%	-2.66%	71.81%	-18.72%
EBIT Q/Q Growth	4,551.01%	-98.80%	125.53%	-274.67%	-32.24%	174.32%	-32.13%	-21.18%	371.39%	-77.30%
NOPAT Q/Q Growth	357.38%	-186.46%	113.96%	-379.35%	289.14%	-169.88%	-32.31%	-96.03%	2,099.36%	-18.46%
Net Income Q/Q Growth	427.25%	-243.28%	116.18%	-270.23%	-791.59%	79.76%	-223.68%	-68.59%	160.36%	-0.79%
EPS Q/Q Growth	435.71%	-255.56%	115.00%	-275.00%	-700.00%	77.78%	-228.57%	-69.57%	158.97%	0.00%
Operating Cash Flow Q/Q Growth	-73.36%	-3.93%	56.45%	6.12%	2.55%	-55.22%	585.74%	-13.81%	-75.09%	201.80%
Free Cash Flow Firm Q/Q Growth	391.94%	110.90%	-1,398.58%	382.26%	26.59%	-102.78%	552.83%	-76.44%	164.30%	652.84%
Invested Capital Q/Q Growth	-40.82%	-1.32%	1.70%	-10.52%	-0.25%	0.00%	-100.00%	5.95%	-2.14%	-17.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.47%	38.60%	38.82%	36.69%	37.29%	36.20%	36.63%	35.69%	37.72%	36.02%
EBITDA Margin	7.45%	6.62%	7.92%	-1.61%	9.62%	12.09%	7.99%	9.61%	8.57%	5.07%
Operating Margin	0.98%	-0.98%	1.09%	-7.85%	2.67%	5.35%	2.01%	2.98%	2.02%	-3.50%
EBIT Margin	1.12%	0.02%	1.94%	-7.64%	3.87%	5.86%	2.07%	3.07%	3.10%	-1.16%
Profit (Net Income) Margin	10.35%	-3.21%	2.14%	-13.33%	-3.42%	-0.39%	-1.89%	1.53%	4.47%	-7.54%
Tax Burden Percent	177.74%	75.35%	-104.82%	113.49%	1,741.14%	-18.92%	111.74%	-145.14%	2,386.34%	150.24%
Interest Burden Percent	522.16%	-17,505.37%	-105.57%	153.82%	-5.07%	35.48%	-81.41%	-34.39%	6.04%	431.48%
Effective Tax Rate	-77.74%	0.00%	0.00%	0.00%	0.00%	118.92%	0.00%	0.00%	-2,286.34%	0.00%
Return on Invested Capital (ROIC)	8.21%	-2.66%	6.24%	-21.72%	7.29%	-4.00%	0.00%	7.83%	185.55%	-9.39%
ROIC Less NNEP Spread (ROIC-NNEP)	26.11%	-6.73%	10.84%	-34.55%	-2.13%	-2.91%	0.00%	6.76%	94.85%	-19.36%
Return on Net Nonoperating Assets (RNNOA)	33.19%	-9.02%	16.73%	-48.48%	-2.61%	-3.37%	0.00%	5.61%	80.94%	-16.57%
Return on Equity (ROE)	41.41%	-11.68%	22.98%	-70.20%	4.68%	-7.37%	0.00%	13.44%	266.49%	-25.96%
Cash Return on Invested Capital (CROIC)	55.57%	7.71%	-197.82%	14.26%	4.50%	6.00%	0.00%	13.94%	22.36%	26.16%
Operating Return on Assets (OROA)	1.33%	0.03%	2.45%	-9.10%	4.51%	6.75%	0.00%	3.45%	3.50%	-1.31%
Return on Assets (ROA)	12.31%	-3.81%	2.71%	-15.88%	-3.98%	-0.45%	0.00%	1.72%	5.04%	-8.50%
Return on Common Equity (ROCE)	41.49%	-11.70%	23.02%	-70.32%	4.69%	-7.38%	0.00%	13.46%	267.41%	-26.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-47.25%	-38.64%	-52.65%	0.00%	8.47%	0.00%	-20.21%	0.00%	-42.64%
Net Operating Profit after Tax (NOPAT)	11	-4.22	4.88	-35	13	-6.61	9.46	14	352	-18
NOPAT Margin	1.75%	-0.69%	0.76%	-5.49%	1.87%	-1.01%	1.41%	2.09%	48.16%	-2.45%
Net Nonoperating Expense Percent (NNEP)	-17.90%	4.07%	-4.59%	12.83%	9.42%	-1.09%	0.00%	1.07%	90.70%	9.98%
Return On Investment Capital (ROIC_SIMPLE)	2.28%	-	-	-	1.57%	-	-	-	46.21%	-
Cost of Revenue to Revenue	60.53%	61.40%	61.18%	63.31%	62.71%	63.80%	63.37%	64.31%	62.28%	63.98%
SG&A Expenses to Revenue	30.39%	30.04%	28.62%	28.40%	27.88%	28.38%	27.42%	27.00%	26.08%	29.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.53%	39.60%	37.73%	44.55%	34.64%	30.91%	34.62%	32.70%	35.69%	39.52%
Earnings before Interest and Taxes (EBIT)	6.93	0.15	12	-49	26	38	14	21	23	-8.35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	41	51	-10	64	79	54	64	63	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.87	3.45	2.72	1.56	1.08	1.12	0.00	0.85	1.00	0.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.30	0.32	0.26	0.14	0.13	0.13	0.12	0.10	0.10	0.07
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	13.10	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	7.63%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.60	1.94	1.68	1.21	1.04	1.06	0.00	0.93	1.00	0.87
Enterprise Value to Revenue (EV/Rev)	0.38	0.48	0.41	0.29	0.27	0.27	0.00	0.23	0.23	0.20
Enterprise Value to EBITDA (EV/EBITDA)	7.57	8.22	5.72	3.98	2.76	2.80	0.00	3.11	3.19	2.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	35.00	23.57	7.31	7.46	0.00	19.61	24.17	8.71
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	153.95	65.53	11.95	12.66	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.60	10.80	10.71	6.83	7.63	9.08	0.00	43.71	16.38	21.89
Enterprise Value to Free Cash Flow (EV/FCFF)	3.25	23.80	0.00	7.94	23.49	17.79	0.00	6.18	3.91	2.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.12	2.03	1.94	2.08	1.51	1.48	0.00	1.46	1.58	1.58
Long-Term Debt to Equity	1.64	1.78	1.70	1.80	1.31	1.27	0.00	1.28	1.37	1.29
Financial Leverage	1.27	1.34	1.54	1.40	1.23	1.16	0.00	0.83	0.85	0.86
Leverage Ratio	8.98	7.62	8.24	7.98	7.47	7.40	0.00	6.12	6.33	6.30
Compound Leverage Factor	46.90	-1,333.86	-8.70	12.27	-0.38	2.63	0.00	-2.10	0.38	27.18
Debt to Total Capital	67.98%	67.02%	66.00%	67.50%	60.19%	59.64%	0.00%	59.41%	61.21%	61.18%
Short-Term Debt to Total Capital	15.59%	8.31%	8.25%	8.96%	8.00%	8.58%	0.00%	7.65%	7.94%	11.29%
Long-Term Debt to Total Capital	52.39%	58.72%	57.75%	58.54%	52.19%	51.06%	0.00%	51.76%	53.27%	49.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.11%	-0.07%	-0.07%	-0.07%	-0.06%	-0.06%	0.00%	-0.06%	-0.05%	-0.03%
Common Equity to Total Capital	32.13%	33.05%	34.07%	32.56%	39.87%	40.42%	0.00%	40.64%	38.84%	38.85%
Debt to EBITDA	2.55	3.30	2.60	2.56	1.84	1.83	0.00	2.22	2.22	1.90
Net Debt to EBITDA	1.71	2.61	2.07	2.06	1.45	1.42	0.00	1.83	1.77	1.42
Long-Term Debt to EBITDA	1.96	2.89	2.27	2.22	1.59	1.57	0.00	1.93	1.93	1.55
Debt to NOPAT	-10.81	-22.41	69.96	42.09	7.94	8.28	0.00	-57.51	-19.82	-29.68
Net Debt to NOPAT	-7.26	-17.73	55.66	33.97	6.29	6.40	0.00	-47.33	-15.81	-22.17
Long-Term Debt to NOPAT	-8.33	-19.63	61.22	36.50	6.89	7.09	0.00	-50.10	-17.25	-24.20
Altman Z-Score	0.68	0.69	0.70	0.49	0.66	0.70	0.00	0.69	0.71	0.62
Noncontrolling Interest Sharing Ratio	-0.21%	-0.17%	-0.20%	-0.17%	-0.14%	-0.12%	0.00%	-0.08%	-0.35%	-0.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.79	0.79	0.79	0.83	0.83	0.00	0.81	0.82	0.78
Quick Ratio	0.63	0.63	0.65	0.63	0.69	0.65	0.00	0.61	0.62	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	337	69	-629	48	-17	-23	840	129	546	207
Operating Cash Flow to CapEx	80.93%	4,223.40%	830.77%	180.71%	306.18%	0.00%	810.06%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	2.62	-23.88	1.87	-0.67	-0.93	29.42	4.62	21.12	7.79
Operating Cash Flow to Interest Expense	0.00	1.29	1.33	0.87	0.82	0.82	1.61	0.24	0.30	1.18
Operating Cash Flow Less CapEx to Interest Expense	0.00	1.26	1.17	0.39	0.56	2.37	1.41	0.99	0.42	2.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.19	1.27	1.19	1.16	1.15	0.00	1.12	1.13	1.13
Accounts Receivable Turnover	9.92	10.21	10.75	10.51	9.59	10.33	0.00	10.42	9.53	10.64
Inventory Turnover	64.82	60.75	72.69	50.83	47.00	50.99	0.00	46.08	44.89	52.58
Fixed Asset Turnover	10.45	10.35	11.11	9.91	9.77	9.48	0.00	8.43	8.17	7.69
Accounts Payable Turnover	5.05	4.93	5.35	5.50	5.25	5.29	0.00	5.59	5.25	5.36
Days Sales Outstanding (DSO)	36.78	35.75	33.95	34.73	38.06	35.33	0.00	35.02	38.30	34.30
Days Inventory Outstanding (DIO)	5.63	6.01	5.02	7.18	7.77	7.16	0.00	7.92	8.13	6.94
Days Payable Outstanding (DPO)	72.22	74.03	68.26	66.35	69.58	69.01	0.00	65.29	69.54	68.13
Cash Conversion Cycle (CCC)	-29.81	-32.27	-29.29	-24.44	-23.75	-26.52	0.00	-22.35	-23.11	-26.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	370	626	634	624	697	699	0.00	707	667	682
Invested Capital Turnover	4.70	3.86	8.19	3.95	3.91	3.95	0.00	3.75	3.85	3.83
Increase / (Decrease) in Invested Capital	-327	-73	634	-83	30	17	-831	-115	-194	-224
Enterprise Value (EV)	963	1,215	1,065	753	722	737	0.00	658	668	593
Market Capitalization	746	830	680	363	342	365	335	273	297	224
Book Value per Share	$1.04	$1.63	$1.69	$1.58	$2.13	$2.19	$0.00	$2.20	$2.02	$2.14
Tangible Book Value per Share	($5.48)	($5.04)	($5.17)	($5.44)	($4.97)	($5.05)	$0.00	($5.52)	($5.82)	($5.88)
Total Capital	477	728	733	717	797	808	0.00	790	762	807
Total Debt	324	488	484	484	480	482	0.00	469	466	494
Total Long-Term Debt	250	427	423	420	416	412	0.00	409	406	402
Net Debt	218	386	385	391	380	373	0.00	386	372	369
Capital Expenditures (CapEx)	11	0.80	4.23	12	6.91	-39	5.69	-21	-3.07	-29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-152	-160	-148	-140	-126	-137	0.00	-131	-143	-179
Debt-free Net Working Capital (DFNWC)	-45	-58	-49	-47	-26	-28	0.00	-48	-49	-54
Net Working Capital (NWC)	-120	-118	-110	-111	-89	-98	0.00	-109	-109	-145
Net Nonoperating Expense (NNE)	-53	15	-8.84	50	35	-4.04	22	3.71	319	37
Net Nonoperating Obligations (NNO)	218	386	385	391	380	373	0.00	386	372	369
Total Depreciation and Amortization (D&A)	39	40	38	38	38	41	40	44	40	45
Debt-free, Cash-free Net Working Capital to Revenue	-6.05%	-6.25%	-5.70%	-5.33%	-4.72%	-5.04%	0.00%	-4.58%	-4.86%	-5.89%
Debt-free Net Working Capital to Revenue	-1.81%	-2.27%	-1.89%	-1.79%	-0.96%	-1.04%	0.00%	-1.68%	-1.66%	-1.79%
Net Working Capital to Revenue	-4.77%	-4.63%	-4.22%	-4.23%	-3.35%	-3.58%	0.00%	-3.79%	-3.71%	-4.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.46	($0.14)	$0.10	($0.60)	($0.16)	($0.02)	$0.00	$0.07	$0.23	($0.39)
Adjusted Weighted Average Basic Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	0.00	149.01M	145.77M	146.09M
Adjusted Diluted Earnings per Share	$0.47	($0.14)	$0.09	($0.60)	($0.16)	($0.02)	$0.00	$0.07	$0.23	($0.39)
Adjusted Weighted Average Diluted Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	0.00	149.01M	145.77M	146.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.37M	147.41M	147.60M	147.55M	148.81M	148.88M	0.00	149.01M	145.77M	146.09M
Normalized Net Operating Profit after Tax (NOPAT)	12	8.51	19	10	17	7.59	15	10	12	-23
Normalized NOPAT Margin	1.95%	1.39%	2.95%	1.60%	2.58%	1.16%	2.30%	1.51%	1.68%	-3.14%
Pre Tax Income Margin	5.82%	-4.26%	-2.05%	-11.75%	-0.20%	2.08%	-1.69%	-1.06%	0.19%	-5.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.01	0.47	-1.87	1.01	1.52	0.49	0.74	0.88	-0.31
NOPAT to Interest Expense	0.00	-0.16	0.19	-1.35	0.49	-0.26	0.33	0.50	13.61	-0.66
EBIT Less CapEx to Interest Expense	0.00	-0.02	0.31	-2.35	0.74	3.07	0.29	1.48	0.99	0.77
NOPAT Less CapEx to Interest Expense	0.00	-0.19	0.02	-1.82	0.22	1.29	0.13	1.25	13.72	0.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.62%	-1.53%
Augmented Payout Ratio	-11.90%	-2.76%	-3.24%	-2.47%	-9.47%	9.64%	-11.09%	-8.56%	-11.00%	-7.32%

Frequently Asked Questions About Gannett's Financials

When does Gannett's financial year end?

According to the most recent income statement we have on file, Gannett's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Gannett's net income changed over the last 2 years?

Gannett's net income appears to be on a downward trend, with a most recent value of -$26.39 million in 2024, falling from -$78.26 million in 2022. The previous period was -$27.89 million in 2023. Check out Gannett's forecast to explore projected trends and price targets.

What is Gannett's operating income?

Gannett's total operating income in 2024 was -$42.84 million, based on the following breakdown:

Total Gross Profit: $963.23 million
Total Operating Expenses: $1.01 billion

How has Gannett revenue changed over the last 2 years?

Over the last 2 years, Gannett's total revenue changed from $2.95 billion in 2022 to $2.51 billion in 2024, a change of -14.8%.

How much debt does Gannett have?

Gannett's total liabilities were at $1.89 billion at the end of 2024, a 1.3% increase from 2023, and a 10.0% decrease since 2022.

How much cash does Gannett have?

In the past 2 years, Gannett's cash and equivalents has ranged from $94.26 million in 2022 to $106.30 million in 2024, and is currently $106.30 million as of their latest financial filing in 2024.

How has Gannett's book value per share changed over the last 2 years?

Over the last 2 years, Gannett's book value per share changed from 2.02 in 2022 to 1.04 in 2024, a change of -48.7%.

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This page (NYSE:GCI) was last updated on 5/27/2025 by MarketBeat.com Staff

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Gannett (GCI) Financials

Frequently Asked Questions About Gannett's Financials

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Gannett (GCI) Financials

Annual Income Statements for Gannett

Quarterly Income Statements for Gannett

Annual Cash Flow Statements for Gannett

Quarterly Cash Flow Statements for Gannett

Annual Balance Sheets for Gannett

Quarterly Balance Sheets for Gannett

Annual Metrics And Ratios for Gannett

Quarterly Metrics And Ratios for Gannett

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