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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 88,542 $ 106,299
Accounts receivable, net of allowance for credit losses of $12,605 and $13,596 as of June 30, 2025 and December 31, 2024, respectively 226,459 239,636
Inventories 15,715 20,910
Prepaid expenses 44,461 40,268
Other current assets 17,663 18,782
Total current assets 392,840 425,895
Property, plant and equipment, net of accumulated depreciation of $376,094 and $337,013 as of June 30, 2025 and December 31, 2024, respectively 215,648 240,980
Operating lease assets 129,276 143,955
Goodwill 519,035 530,028
Intangible assets, net 377,416 430,374
Deferred tax assets 160,621 60,983
Pension and other assets 215,351 207,932
Total assets 2,010,187 2,040,147
Current liabilities:    
Accounts payable and accrued liabilities 319,465 318,384
Deferred revenue 106,946 108,000
Current portion of long-term debt 69,315 74,300
Operating lease liabilities 36,754 39,761
Other current liabilities 8,473 5,157
Total current liabilities 540,953 545,602
Long-term debt 681,352 755,754
Convertible debt 238,219 249,757
Deferred tax liabilities 6,513 4,928
Pension and other postretirement benefit obligations 36,107 37,820
Long-term operating lease liabilities 152,188 167,731
Other long-term liabilities 118,266 125,921
Total noncurrent liabilities 1,232,645 1,341,911
Total liabilities 1,773,598 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 June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized; 159,380,560 shares issued and 146,629,832 shares outstanding at June 30, 2025; 158,835,742 shares issued and 147,388,555 shares outstanding at December 31, 2024 1,594 1,588
Treasury stock, at cost, 12,750,728 shares and 11,447,187 shares at June 30, 2025 and December 31, 2024, respectively (23,607) (20,540)
Additional paid-in capital 1,284,699 1,281,801
Accumulated deficit (982,488) (1,053,546)
Accumulated other comprehensive loss (43,111) (56,164)
Total Gannett stockholders' equity 237,087 153,139
Noncontrolling interests (498) (505)
Total equity 236,589 152,634
Total liabilities and equity $ 2,010,187 $ 2,040,147