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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 85,912 $ 106,299
Accounts receivable, net of allowance for credit losses of $11,874 and $13,596 as of March 31, 2025 and December 31, 2024, respectively 222,992 239,636
Inventories 18,737 20,910
Prepaid expenses 43,608 40,268
Other current assets 16,510 18,782
Total current assets 387,759 425,895
Property, plant and equipment, net of accumulated depreciation of $352,066 and $337,013 as of March 31, 2025 and December 31, 2024, respectively 226,979 240,980
Operating lease assets 134,639 143,955
Goodwill 518,099 530,028
Intangible assets, net 395,954 430,374
Deferred tax assets 75,992 60,983
Pension and other assets 212,396 207,932
Total assets 1,951,818 2,040,147
Current liabilities:    
Accounts payable and accrued liabilities 309,801 318,384
Deferred revenue 112,580 108,000
Current portion of long-term debt 68,000 74,300
Operating lease liabilities 37,948 39,761
Other current liabilities 7,573 5,157
Total current liabilities 535,902 545,602
Long-term debt 689,945 755,754
Convertible debt 250,296 249,757
Deferred tax liabilities 12,267 4,928
Pension and other postretirement benefit obligations 36,596 37,820
Long-term operating lease liabilities 158,324 167,731
Other long-term liabilities 118,850 125,921
Total noncurrent liabilities 1,266,278 1,341,911
Total liabilities 1,802,180 1,887,513
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 March 31, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized, 159,081,464 shares issued and 146,659,540 shares outstanding at March 31, 2025; 158,835,742 shares issued and 147,388,555 shares outstanding at December 31, 2024 1,591 1,588
Treasury stock, at cost, 12,421,924 shares and 11,447,187 shares at March 31, 2025 and December 31, 2024, respectively (23,302) (20,540)
Additional paid-in capital 1,284,331 1,281,801
Accumulated deficit (1,060,879) (1,053,546)
Accumulated other comprehensive loss (51,598) (56,164)
Total Gannett stockholders' equity 150,143 153,139
Noncontrolling interests (505) (505)
Total equity 149,638 152,634
Total liabilities and equity $ 1,951,818 $ 2,040,147