Gannett Co Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||
|---|---|---|---|
| In thousands | 2024 | 2023 | 2022 |
| Operating activities | |||
| Net loss | $(26,387) | $(27,894) | $(78,255) |
| Adjustments to reconcile net loss to operating cash flows: | |||
| Depreciation and amortization | 156,287 | 162,622 | 182,022 |
| Share-based compensation expense | 12,522 | 16,567 | 16,751 |
| Non-cash interest expense | 18,072 | 21,199 | 21,303 |
| (Benefit) provision for deferred incomes taxes | (44,758) | 11,514 | 2,549 |
| Loss (gain) on sale or disposal of assets, net | 1,106 | (40,101) | (6,883) |
| Gain on early extinguishment of debt | (55,559) | (4,529) | (399) |
| Asset impairments | 46,589 | 1,370 | 1,056 |
| Pension and other postretirement benefit obligations | (23,916) | (13,917) | (80,012) |
| Equity income in unconsolidated investees, net | (548) | (2,379) | (3,421) |
| Change in other assets and liabilities: | |||
| Accounts receivable, net | 25,843 | 34,135 | 44,943 |
| Inventory | 4,617 | 18,510 | (7,434) |
| Prepaid expenses | (1,820) | 16,680 | 3,244 |
| Accounts payable and accrued liabilities | (1,934) | (65,094) | (23,653) |
| Deferred revenue | (17,277) | (29,971) | (30,076) |
| Other assets and liabilities | 7,473 | (4,138) | (959) |
| Cash provided by operating activities | 100,310 | 94,574 | 40,776 |
| Investing activities | |||
| Acquisitions, net of cash acquired | — | — | (15,432) |
| Purchase of property, plant, and equipment | (49,534) | (38,116) | (45,376) |
| Proceeds from sale of real estate and other assets | 20,976 | 85,298 | 83,504 |
| Change in other investing activities | 608 | (203) | (572) |
| Cash (used for) provided by investing activities | (27,950) | 46,979 | 22,124 |
| Financing activities | |||
| Payments of deferred financing costs | (8,933) | — | (1,652) |
| Borrowings of long-term debt | 837,671 | — | 80,000 |
| Repayments of long-term debt | (644,732) | (133,821) | (170,994) |
| Repurchase of convertible debt | (248,211) | — | — |
| Proceeds from convertible debt | 110 | — | — |
| Acquisition of noncontrolling interests | — | — | (2,050) |
| Treasury stock | (3,141) | (2,642) | (6,555) |
| Changes in other financing activities | (1,617) | 952 | (1,616) |
| Cash used for financing activities | (68,853) | (135,511) | (102,867) |
| Effect of currency exchange rate change on cash | 2,062 | (234) | 1,152 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 5,569 | 5,808 | (38,815) |
| Cash, cash equivalents and restricted cash at beginning of year | 110,612 | 104,804 | 143,619 |
| Cash, cash equivalents and restricted cash at end of year | $116,181 | $110,612 | $104,804 |
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