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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 710M | 5.7% |
| Gross Profit | 170M | 36.5% |
| Cost of Revenue | 541M | 1.3% |
| Operating expense | 109M | 7.2% |
| Net Income | 82M | 56.7% |
| EBITDA | 159M | 48.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 7.09B | 0.2% |
| Total Liabilities | 4.27B | 0.4% |
| Total Equity | 2.8B | 0.1% |
| Shares Outstanding | 170,000 | 4.7% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 125M | 24.3% |
| Cash from investing | -15M | 116.9% |
| Cash from financing | -95M | 18.5% |
EPS
Financial Highlights for Tegna in Q2 '24
Tegna reported a revenue of 710M, which is a 5.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 170M, marking a 36.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 541M, a -1.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 109M, showing a -7.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 82M, showing a -56.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 159M, showing a -48.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Tegna faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
