Gannett Co Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| Common stock · Additionalpaid-incapital · Accumulated other comprehensive income (loss) · Accumulated deficit · Treasury stock · Non-controlling interests(a) · Total equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| In thousands · Shares · $ · Shares · $ | |||||||||||
| Balance at December 31, 2020 | 139,495 | $1,395 | $1,103,881 | $50,173 | $(786,437) | 1,392 | $(4,903) | $— | $364,109 | ||
| Net loss attributable to Gannett | — | — | — | — | (134,962) | — | — | (66) | (135,028) | ||
| Restricted share grants | 3,883 | 39 | (39) | — | — | — | — | — | — | ||
| Restricted stock awards settled, net of withholdings | 1,072 | 10 | (1,912) | — | — | — | — | (1,902) | |||
| Other comprehensive income, net(b) | — | — | — | 9,825 | — | — | — | — | 9,825 | ||
| Share-based compensation expense | — | — | 18,439 | — | — | — | — | — | 18,439 | ||
| Equity component - 2027 Notes | — | — | 279,557 | — | — | — | — | — | 279,557 | ||
| Issuance of common stock | 217 | 2 | 136 | — | — | — | — | — | 138 | ||
| Remeasurement of redeemable noncontrolling interests | — | — | 126 | — | — | — | — | — | 126 | ||
| Treasury stock | — | — | — | — | — | 597 | (3,244) | (3,244) | |||
| Restricted share forfeiture | — | — | — | — | — | 379 | (4) | — | (4) | ||
| Other activity | — | — | 18 | — | — | — | — | (2,419) | (2,401) | ||
| Balance at December 31, 2021 | 144,667 | $1,446 | $1,400,206 | $59,998 | $(921,399) | 2,368 | $(8,151) | $(2,485) | $529,615 | ||
| Net loss attributable to Gannett | — | — | — | — | (78,002) | — | — | (253) | (78,255) | ||
| Acquisition of noncontrolling interests | — | — | (4,419) | — | — | — | — | 2,369 | (2,050) | ||
| Restricted share grants | 7,127 | 71 | (71) | — | — | — | — | — | — | ||
| Restricted stock awards settled, net of withholdings | 615 | 7 | (1,737) | — | — | — | — | (1,730) | |||
| Performance stock units settled, net of withholdings | 563 | 6 | (892) | — | — | — | — | — | (886) | ||
| Other comprehensive loss, net(b) | — | — | — | (161,229) | — | — | — | — | (161,229) | ||
| Share-based compensation expense | — | — | 16,751 | — | — | — | — | — | 16,751 | ||
| Issuance of common stock | 314 | 3 | 135 | — | — | — | — | — | 138 | ||
| Treasury stock | — | — | — | — | — | 1,568 | (6,555) | — | (6,555) | ||
| Restricted share forfeiture | — | — | — | — | — | 3,127 | (31) | — | (31) | ||
| Other activity | — | — | (395) | — | — | — | — | — | (395) | ||
| Balance at December 31, 2022 | 153,286 | $1,533 | $1,409,578 | $(101,231) | $(999,401) | 7,063 | $(14,737) | $(369) | $295,373 | ||
| Net loss attributable to Gannett | — | — | — | — | (27,791) | — | — | (103) | (27,894) | ||
| Restricted share grants | 4,682 | 47 | (47) | — | — | — | — | — | — | ||
| Performance stock units settled, net of withholdings | 97 | 1 | (127) | — | — | — | — | — | (126) | ||
| Other comprehensive income, net(b) | — | — | — | 35,690 | — | — | — | — | 35,690 | ||
| Share-based compensation expense | — | — | 16,567 | — | — | — | — | — | 16,567 | ||
| Issuance of common stock | 490 | 5 | 95 | — | — | — | — | — | 100 | ||
| Treasury stock | — | — | — | — | — | 1,132 | (2,642) | — | (2,642) | ||
| Restricted share forfeiture | — | — | — | — | — | 1,420 | (14) | — | (14) | ||
| Other activity | — | — | 259 | — | — | — | — | — | 259 | ||
| Balance at December 31, 2023 | 158,555 | $1,586 | $1,426,325 | $(65,541) | $(1,027,192) | 9,615 | $(17,393) | $(472) | $317,313 | ||
(a) Excludes Redeemable noncontrolling interests which are reflected in temporary equity.
(b) Other comprehensive income (loss) is net of an income tax provision of $6.8 million for the year ended December 31, 2023, net of an income tax benefit of $43.2 million for the year ended December 31, 2022 and net of an income tax provision of $3.1 million for the year ended December 31, 2021.
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