NEW YORK TIMES CO
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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, 2025 | December 31, 2024 | December 31, 2023 |
| Cash flows from operating activities | |||
| Net income | $343,981 | $293,825 | $232,752 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 85,007 | 82,936 | 86,115 |
| Amortization of right of use asset | 10,142 | 9,088 | 9,232 |
| Stock-based compensation expense | 74,183 | 67,499 | 54,776 |
| Multiemployer pension plan liability adjustments | 2,967 | (2,980) | (605) |
| Impairment charges | 2,858 | — | 15,239 |
| Gain from joint ventures | — | — | (2,477) |
| Change in long-term retirement benefit obligations | (10,633) | (25,051) | (29,528) |
| Fair market value adjustment on life insurance products | (400) | (1,923) | (1,648) |
| Other – net | 1,422 | (7,446) | 3,932 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable – net | (41,293) | (7,042) | (24,955) |
| Other current assets | 36,341 | 2,403 | (2,154) |
| Accounts payable, accrued payroll and other liabilities | 55,650 | (21,031) | (7,321) |
| Unexpired subscriptions | 20,541 | 14,310 | 16,827 |
| Other noncurrent assets and liabilities | 3,723 | 5,924 | 10,433 |
| Net cash provided by operating activities | 584,489 | 410,512 | 360,618 |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (652,705) | (479,975) | (286,448) |
| Maturities/disposals of marketable securities | 452,309 | 190,592 | 142,161 |
| Proceeds from/(purchases of) investments | 246 | (42) | 2,512 |
| Capital expenditures | (33,984) | (29,173) | (22,669) |
| Other – net | 12,818 | 12,512 | 4,754 |
| Net cash used in investing activities | (221,316) | (306,086) | (159,690) |
| Cash flows from financing activities | |||
| Long-term obligations: | |||
| Dividends paid | (110,363) | (82,855) | (69,464) |
| Payment of contingent consideration | (431) | (3,017) | (3,448) |
| Purchase of noncontrolling interest | — | — | (356) |
| Capital shares: | |||
| Repurchases | (165,341) | (85,043) | (44,553) |
| Share-based compensation tax withholding | (30,004) | (21,800) | (14,889) |
| Net cash used in financing activities | (306,139) | (192,715) | (132,710) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 57,034 | (88,289) | 68,218 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (430) | (1,026) | (219) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 213,857 | 303,172 | 235,173 |
| Cash, cash equivalents and restricted cash at the end of the year | $270,461 | $213,857 | $303,172 |
THE NEW YORK TIMES COMPANY – P. 67
SUPPLEMENTAL DISCLOSURES TO CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash Flow Information
| Years Ended | |||
|---|---|---|---|
| (In thousands) | December 31, 2025 | December 31, 2024 | December 31, 2023 |
| Cash payments | |||
| Interest, net of capitalized interest | $111 | $716 | $708 |
| Income tax payments – net | $71,946 | $113,091 | $71,814 |
P. 68 – THE NEW YORK TIMES COMPANY
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