USA TODAY Co., Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
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 | 2025 | 2024 | 2023 |
| Operating activities | |||
| Net income (loss) | $1,755 | $(26,387) | $(27,894) |
| Adjustments to reconcile net income (loss) to operating cash flows: | |||
| Depreciation and amortization | 165,759 | 156,287 | 162,622 |
| Share-based compensation expense | 9,149 | 12,522 | 16,567 |
| Non-cash interest expense | 6,038 | 18,072 | 21,199 |
| (Benefit) provision for deferred incomes taxes | (10,276) | (44,758) | 11,514 |
| (Gain) loss on sale or disposal of assets, net | (16,844) | 1,106 | (40,101) |
| Loss (gain) on early extinguishment of debt | 1,516 | (55,559) | (4,529) |
| Asset impairments | 2,243 | 46,589 | 1,370 |
| Pension and other postretirement benefit obligations | (25,132) | (23,916) | (13,917) |
| Equity income in unconsolidated investees, net | (2,209) | (548) | (2,379) |
| Change in other assets and liabilities: | |||
| Accounts receivable, net | 17,170 | 25,843 | 34,135 |
| Inventory | 8,105 | 4,617 | 18,510 |
| Prepaid expenses | 2,746 | (1,820) | 16,680 |
| Accounts payable and accrued liabilities | (20,477) | (1,934) | (65,094) |
| Deferred revenue | (2,276) | (17,277) | (29,971) |
| Other assets and liabilities | (22,878) | 7,473 | (4,138) |
| Cash provided by operating activities | 114,389 | 100,310 | 94,574 |
| Investing activities | |||
| Purchase of property, plant, and equipment | (51,486) | (49,534) | (38,116) |
| Proceeds from sale of real estate and other assets | 55,295 | 20,976 | 85,298 |
| Proceeds from the sale of investments | 6,161 | 1,050 | — |
| Change in other investing activities | (1,000) | (442) | (203) |
| Cash provided by (used for) investing activities | 8,970 | (27,950) | 46,979 |
| Financing activities | |||
| Payments of deferred financing costs | (992) | (8,933) | — |
| Borrowings of long-term debt | 15,000 | 837,671 | — |
| Repayments of long-term debt | (135,521) | (644,732) | (133,821) |
| Repurchase of convertible debt | (14,647) | (248,211) | — |
| Proceeds from convertible debt | — | 110 | — |
| Treasury stock | (3,064) | (3,141) | (2,642) |
| Changes in other financing activities | (613) | (1,617) | 952 |
| Cash used for financing activities | (139,837) | (68,853) | (135,511) |
| Effect of currency exchange rate change on cash | (1,891) | 2,062 | (234) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (18,369) | 5,569 | 5,808 |
| Cash, cash equivalents and restricted cash at beginning of year | 116,181 | 110,612 | 104,804 |
| Cash, cash equivalents and restricted cash at end of year | $97,812 | $116,181 | $110,612 |
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