Gannett Co Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
TDAY$6.95+1.2%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 Operations and Comprehensive Income (Loss)
| Year ended December 31, | |||
|---|---|---|---|
| In thousands, except per share amounts | 2024 | 2023 | 2022 |
| Digital | $1,103,651 | $1,050,370 | $1,038,580 |
| Print and commercial | 1,405,664 | 1,613,180 | 1,906,723 |
| Total revenues | 2,509,315 | 2,663,550 | 2,945,303 |
| Operating costs | 1,545,584 | 1,692,031 | 1,860,353 |
| Selling, general and administrative expenses | 726,028 | 735,339 | 852,488 |
| Depreciation and amortization | 156,287 | 162,622 | 182,022 |
| Integration and reorganization costs | 66,155 | 24,468 | 87,974 |
| Asset impairments | 46,589 | 1,370 | 1,056 |
| Loss (gain) on sale or disposal of assets, net | 1,106 | (40,101) | (6,883) |
| Other operating expenses | 10,404 | 1,550 | 1,892 |
| Total operating expenses | 2,552,153 | 2,577,279 | 2,978,902 |
| Operating (loss) income | (42,838) | 86,271 | (33,599) |
| Interest expense | 104,697 | 111,776 | 108,366 |
| Gain on early extinguishment of debt | (55,559) | (4,529) | (399) |
| Non-operating pension income | (12,438) | (9,382) | (58,953) |
| Equity income in unconsolidated investees, net | (548) | (2,379) | (3,421) |
| Other non-operating income, net | (1,317) | (3,050) | (2,286) |
| Non-operating expenses | 34,835 | 92,436 | 43,307 |
| Loss before income taxes | (77,673) | (6,165) | (76,906) |
| (Benefit) provision for income taxes | (51,286) | 21,729 | 1,349 |
| Net loss | $(26,387) | $(27,894) | $(78,255) |
| Net loss attributable to noncontrolling interests | (33) | (103) | (253) |
| Net loss attributable to Gannett | $(26,354) | $(27,791) | $(78,002) |
| Loss per share attributable to Gannett - basic | $(0.18) | $(0.20) | $(0.57) |
| Loss per share attributable to Gannett - diluted | $(0.18) | $(0.20) | $(0.57) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | $(14) | $13,683 | $(24,008) |
| Pension and other postretirement benefit items: | |||
| Net actuarial gain (loss) | 10,205 | 33,135 | (185,282) |
| Amortization of net actuarial gain (loss) | 1,014 | (305) | (500) |
| Change in prior service cost | — | 3,307 | — |
| Amortization of prior service cost | (500) | (502) | 66 |
| Settlement loss | 35 | — | — |
| Equity method investments | 116 | 610 | — |
| Other | 1,405 | (7,415) | 5,283 |
| Total pension and other postretirement benefit items | 12,275 | 28,830 | (180,433) |
| Other comprehensive income (loss) before tax | 12,261 | 42,513 | (204,441) |
| Income tax provision (benefit) related to components of other comprehensive income (loss) | 2,884 | 6,823 | (43,212) |
| Other comprehensive income (loss), net of tax | 9,377 | 35,690 | (161,229) |
| Comprehensive (loss) income | (17,010) | 7,796 | (239,484) |
| Comprehensive loss attributable to noncontrolling interests(a) | (33) | (103) | (253) |
| Comprehensive (loss) income attributable to Gannett | $(16,977) | $7,899 | $(239,231) |
(a)For the years ended December 31, 2024,2023, and 2022 there wereno redeemable noncontrolling interests included in Net loss attributable to
noncontrolling interests.
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