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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98,886 $ 100,180
Accounts receivable, net of allowance of $14,514 and $16,338 as of June 30, 2024 and December 31, 2023, respectively 241,649 266,096
Inventories 22,427 26,794
Prepaid expenses 39,426 36,210
Other current assets 15,647 14,957
Total current assets 418,035 444,237
Property, plant and equipment, net of accumulated depreciation of $342,821 and $336,408 as of June 30, 2024 and December 31, 2023, respectively 233,892 239,087
Operating lease assets 157,980 221,733
Goodwill 533,687 533,876
Intangible assets, net 478,697 524,350
Deferred tax assets 40,166 37,125
Pension and other assets 191,029 180,839
Total assets 2,053,486 2,181,247
Current liabilities:    
Accounts payable and accrued liabilities 304,882 293,444
Deferred revenue 112,259 120,502
Current portion of long-term debt 60,452 63,752
Operating lease liabilities 41,694 45,763
Other current liabilities 8,361 10,052
Total current liabilities 527,648 533,513
Long-term debt 531,211 564,836
Convertible debt 423,370 416,036
Deferred tax liabilities 0 2,028
Pension and other postretirement benefit obligations 40,391 42,661
Long-term operating lease liabilities 183,137 203,871
Other long-term liabilities 98,459 100,989
Total noncurrent liabilities 1,276,568 1,330,421
Total liabilities 1,804,216 1,863,934
Commitments and contingent liabilities (See Note 11)
Equity    
Preferred stock, $0.01 par value per share, 300,000 shares authorized, none of which were issued and outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized, 158,817,284 shares issued and 147,653,745 shares outstanding at June 30, 2024; 158,554,705 shares issued and 148,939,463 shares outstanding at December 31, 2023 1,588 1,586
Treasury stock, at cost, 11,163,539 shares and 9,615,242 shares at June 30, 2024 and December 31, 2023, respectively (20,499) (17,393)
Additional paid-in capital 1,432,682 1,426,325
Accumulated deficit (1,098,212) (1,027,192)
Accumulated other comprehensive loss (65,786) (65,541)
Total Gannett stockholders' equity 249,773 317,785
Noncontrolling interests (503) (472)
Total equity 249,270 317,313
Total liabilities and equity $ 2,053,486 $ 2,181,247