NEW YORK TIMES CO
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
NYT$72.58+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the years ended
| Years Ended | |||
|---|---|---|---|
| (In thousands) | December 31, 2024 | December 31, 2023 | December 31, 2022 |
| Cash flows from operating activities | |||
| Net income | $293,825 | $232,752 | $173,905 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 82,936 | 86,115 | 82,654 |
| Amortization of right of use asset | 9,088 | 9,232 | 9,923 |
| Stock-based compensation expense | 67,499 | 54,776 | 35,306 |
| Multiemployer pension plan liability adjustment | (2,980) | (605) | 14,989 |
| Impairment charges | — | 15,239 | 4,069 |
| Gain on the sale of land | — | — | (34,227) |
| Gain from joint ventures | — | (2,477) | — |
| Change in long-term retirement benefit obligations | (25,051) | (29,528) | (29,049) |
| Fair market value adjustment on life insurance products | (1,923) | (1,648) | 1,081 |
| Other – net | (7,446) | 3,932 | 2,739 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable – net | (7,042) | (24,955) | 20,889 |
| Other current assets | 2,403 | (2,154) | (23,220) |
| Accounts payable, accrued payroll and other liabilities | (21,031) | (7,321) | (111,216) |
| Unexpired subscriptions | 14,310 | 16,827 | 8,588 |
| Other noncurrent assets and liabilities | 5,924 | 10,433 | (5,744) |
| Net cash provided by operating activities | 410,512 | 360,618 | 150,687 |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (479,975) | (286,448) | (6,648) |
| Maturities/disposals of marketable securities | 190,592 | 142,161 | 484,984 |
| Business acquisitions | — | — | (515,586) |
| (Purchases of)/proceeds from investments | (42) | 2,512 | (1,832) |
| Capital expenditures | (29,173) | (22,669) | (36,961) |
| Other – net | 12,512 | 4,754 | 2,482 |
| Net cash used in investing activities | (306,086) | (159,690) | (73,561) |
| Cash flows from financing activities | |||
| Long-term obligations: | |||
| Dividends paid | (82,855) | (69,464) | (56,790) |
| Payment of contingent consideration | (3,017) | (3,448) | (2,586) |
| Purchase of noncontrolling interest | — | (356) | — |
| Capital shares: | |||
| Stock issuances | — | — | 3 |
| Repurchases | (85,043) | (44,553) | (105,056) |
| Share-based compensation tax withholding | (21,800) | (14,889) | (9,877) |
| Net cash used in financing activities | (192,715) | (132,710) | (174,306) |
| Net (decrease)/increase in cash, cash equivalents and restricted cash | (88,289) | 68,218 | (97,180) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,026) | (219) | (1,953) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 303,172 | 235,173 | 334,306 |
| Cash, cash equivalents and restricted cash at the end of the year | $213,857 | $303,172 | $235,173 |
P. 68 – THE NEW YORK TIMES COMPANY
SUPPLEMENTAL DISCLOSURES TO CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash Flow Information
| Years Ended | |||
|---|---|---|---|
| (In thousands) | December 31, 2024 | December 31, 2023 | December 31, 2022 |
| Cash payments | |||
| Interest, net of capitalized interest | $716 | $708 | $1,583 |
| Income tax payments – net | $113,091 | $71,814 | $110,161 |
THE NEW YORK TIMES COMPANY – P. 69
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