Gannett (GCI) Financials

$3.78 +0.05 (+1.21%)

Closing price 03:59 PM Eastern

Extended Trading

$3.76 -0.02 (-0.50%)

As of 08:00 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-78	-28	-26
Consolidated Net Income / (Loss)	-78	-28	-26
Net Income / (Loss) Continuing Operations	-78	-28	-26
Total Pre-Tax Income	-77	-6.17	-78
Total Operating Income	-34	86	-43
Total Gross Profit	1,085	971	963
Total Revenue	2,945	2,664	2,509
Operating Revenue	2,945	2,664	2,509
Total Cost of Revenue	1,860	1,693	1,546
Operating Cost of Revenue	1,860	1,693	1,546
Total Operating Expenses	1,119	885	1,007
Selling, General & Admin Expense	854	737	736
Depreciation Expense	182	163	156
Impairment Charge	1.06	1.37	47
Restructuring Charge	88	24	66
Other Special Charges / (Income)	-6.88	-40	1.11
Total Other Income / (Expense), net	-43	-92	-35
Interest Expense	108	107	49
Interest & Investment Income	3.42	2.38	0.55
Other Income / (Expense), net	61	12	14
Income Tax Expense	1.35	22	-51
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.25	-0.10	-0.03
Basic Earnings per Share	($0.57)	($0.20)	($0.18)
Weighted Average Basic Shares Outstanding	145.77M	148.81M	147.37M
Diluted Earnings per Share	($0.57)	($0.20)	($0.18)
Weighted Average Diluted Shares Outstanding	145.77M	148.81M	147.37M
Weighted Average Basic & Diluted Shares Outstanding	145.77M	148.81M	147.37M

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

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

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

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

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

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

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

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

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

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

Financials Breakdown Chart

Key Financial Trends

Gannett Co., Inc. (NYSE:GCI) has shown mixed financial performance over the last several years through its quarterly reports up to Q4 2024. Here are some key insights from the income statements, cash flow statements, and balance sheets spanning from 2022 through 2024:

Operating revenue has remained relatively stable, with a recent value of approximately $621 million in Q4 2024, close to previous quarters indicating consistent top-line performance.
Net income showed a strong rebound in Q4 2024 at around $64.3 million, improving significantly from negative results in prior quarters during 2024, including a $-19.7 million loss in Q3 2024 and a $-84.7 million loss in Q1 2024.
Cash and equivalents have generally been growing modestly over time, with a $101.8 million balance at Q3 2024, up from $83.1 million at Q1 2023, indicating better liquidity management.
Net cash from operating activities improved to $8.99 million in Q4 2024 from losses in prior quarters, showing gradual improvement in the company’s operational cash flows.
Total liabilities have fluctuated but remain high at over $1.8 billion (e.g., $1.82 billion at Q3 2024), reflecting a significant leverage position which warrants attention from investors.
Depreciation expenses have been steady around $38-$40 million per quarter, suggesting ongoing asset usage and investment in property, plant, and equipment.
Weighted average shares outstanding remained very stable around 147 million shares, which limits dilution risk for existing shareholders.
Gannett has consistently reported restructuring charges and impairment charges impacting earnings — for example, Q1 2024 had an impairment charge of nearly $46 million, and restructuring expenses averaging around $11-$20 million per quarter indicate ongoing cost restructuring pressures.
Interest expenses are substantial, around $25-$29 million quarterly, which temper profitability and cash flow, signaling notable debt servicing costs.
Net income was negative for most quarters in 2023 and the first three quarters of 2024 with sizeable losses, demonstrating ongoing operational and financial challenges before recent improvements.

Overall, Gannett's financial statements indicate the company has faced significant challenges the past two years related to restructuring costs, impairment charges, and interest expenses impacting profitability. However, there is visible improvement in net income and operating cash flow in the latest quarter of 2024, suggesting possible stabilization or turnaround. Investors should monitor the company's ability to sustain earnings improvement while managing its high leverage and ongoing restructuring activities.

10/23/25 11:27 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Gannett's Financials

When does Gannett's fiscal year end?

According to the most recent income statement we have on file, Gannett's financial year ends in December. Their financial 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. View Gannett's forecast to see where analysts expect Gannett to go next.

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's 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 10/23/2025 by MarketBeat.com Staff

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