Investor Presentaiton
Historical Financial Summary (in millions)
FY Net Revenue
$1,103
$896
$313 $306 $379
$502
$631
$3,039
$2,767
$2,432
$4,501
FY Income From Operations
$758
$655
$506
$287
$173 $206
$100
$103
$31 $48
$1,375
2010
2011 2012
2013
2014 2015 2016 2017
2018 2019 2020
2010
2011
2012
2013 2014 2015 2016
2017
2018 2019 2020
FY Adjusted EBITDA (1)
$1,951*
$1,023*
$898*
$743*
$405*
$112
36%
2010
$96
31%
$146
$167
$235
$305
39%
33%
37%
34%
37%
31%
37%
30%
43%
2011 2012
2013
2014
2015 2016
2017
2018
2019
2020
FY Free Cash Flow(1)
*
$469*
$160
$208
$245*
$60
$34
$81
$85
$684*
$439
*
$1,280*
2010
2011
2012
2013
2014
2015
2016 2017
2018
2019
2020
1)
Definitions and disclosures regarding non-GAAP financial information can be located in the Company's Fourth Quarter 2020 Financial Results press release dated February 23, 2020
*Reported Adjusted EBITDA and Free cash flow including transaction expenses in the twelve month period ended December 31 of $44.4 million in 2020, $74.1 million in 2019, $8.5 million in 2018, $58.9 million in 2017 and $8.9 million in 2016. 2020 Adjusted EBITDA and FCF includes $223.7 million of cash distributions from Nexstar's 31% ownership of TV Food Network.
Adjusted EBITDA before transaction expenses in the twelve month period ended December 31 was $1,995.6 million (44.0% margin) in 2020, $972.3 million (32.0% margin) in 2019, $1,031.9 million (28.6% margin) in 2018, $802.2 million (33.0% margin) in 2017 and $414.3 million (37.6% margin) in 2016
Free cash flow before transaction expenses in the twelve month period ended December 31 was $1,304.6 million in 2020, $520.9 million in 2019, $692.7 million in 2018, $528.0 million in 2017 and $253.6 million in 2016
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