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Tegna Inc – ‘10-Q’ for 9/30/19 – ‘R14’

On:  Thursday, 11/7/19, at 4:06pm ET   ·   For:  9/30/19   ·   Accession #:  39899-19-42   ·   File #:  1-06961

Previous ‘10-Q’:  ‘10-Q’ on 8/6/19 for 6/30/19   ·   Next:  ‘10-Q’ on 5/11/20 for 3/31/20   ·   Latest:  ‘10-Q’ on 5/8/24 for 3/31/24   ·   7 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/07/19  Tegna Inc                         10-Q        9/30/19   73:9.5M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.23M 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    221K 
 3: EX-10.1     Material Contract                                   HTML    535K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
16: R1          Cover Page                                          HTML     74K 
56: R2          Condensed Consolidated Balance Sheets               HTML    141K 
64: R3          Condensed Consolidated Balance Sheets               HTML     33K 
                (Parenthetical)                                                  
40: R4          Consolidated Statements of Income                   HTML    125K 
13: R5          Consolidated Statements of Comprehensive Income     HTML     49K 
53: R6          Condensed Consolidated Statements of Cash Flows     HTML     96K 
61: R7          Consolidated Statements of Equity Consolidated      HTML     69K 
                Statements of Equity                                             
39: R8          Consolidated Statements of Equity Consolidated      HTML     23K 
                Statements of Equity (Parenthetical)                             
18: R9          Accounting policies                                 HTML     57K 
69: R10         Acquisitions                                        HTML    152K 
50: R11         Goodwill and other intangible assets                HTML     52K 
22: R12         Investments and other assets                        HTML     38K 
29: R13         Long-term debt                                      HTML     56K 
70: R14         Retirement plans                                    HTML     52K 
51: R15         Leases                                              HTML     44K 
23: R16         Accumulated other comprehensive loss                HTML    107K 
31: R17         Earnings per share                                  HTML     79K 
71: R18         Fair value measurement                              HTML     29K 
49: R19         Supplemental cash flow information                  HTML     46K 
20: R20         Other matters                                       HTML     37K 
43: R21         Accounting policies (Policies)                      HTML     45K 
65: R22         Accounting policies (Tables)                        HTML     43K 
57: R23         Acquisitions (Tables)                               HTML    143K 
21: R24         Goodwill and other intangible assets (Tables)       HTML     51K 
44: R25         Investments and other assets (Tables)               HTML     33K 
66: R26         Long-term debt (Tables)                             HTML     53K 
58: R27         Retirement plans (Tables)                           HTML     50K 
19: R28         Leases (Tables)                                     HTML     38K 
45: R29         Accumulated other comprehensive loss (Tables)       HTML    108K 
34: R30         Earnings per share (Tables)                         HTML     78K 
25: R31         Supplemental cash flow information (Tables)         HTML     44K 
48: R32         Accounting policies - Narrative (Details)           HTML     33K 
68: R33         Accounting policies - Revenue (Details)             HTML     33K 
33: R34         Acquisitions - Narrative (Details)                  HTML     85K 
24: R35         Acquisitions - Summary of Estimated Preliminary     HTML    163K 
                Fair Values of Assets Acquired and Liabilities                   
                Assumed (Details)                                                
47: R36         Acquisitions - Statement of Income for Recent       HTML     26K 
                Acquisitions (Details)                                           
67: R37         Acquisitions - Schedule of Unaudited Pro Forma      HTML     26K 
                Financial Information (Details)                                  
32: R38         Goodwill and other intangible assets - Intangible   HTML     46K 
                Assets and Goodwill (Details)                                    
26: R39         Investments and other assets - Components of        HTML     35K 
                Investments and Other Assets (Details)                           
42: R40         Investments and other assets - Narrative (Details)  HTML     44K 
15: R41         Long-term debt - Schedule of Long-Term Debt         HTML     66K 
                (Details)                                                        
55: R42         Long-term debt - Narrative (Details)                HTML     64K 
63: R43         Long-term debt - Schedule of Total Leverage Ratios  HTML     32K 
                (Details)                                                        
41: R44         Retirement plans - Narrative (Details)              HTML     43K 
14: R45         Retirement plans - Benefit Costs (Details)          HTML     41K 
54: R46         Leases - Narrative (Details)                        HTML     57K 
62: R47         Leases - Lease Related Assets and Liabilities       HTML     31K 
                (Details)                                                        
38: R48         Leases - Future Rent Payments (Details)             HTML     40K 
17: R49         Accumulated other comprehensive loss - Accumulated  HTML     51K 
                Other Comprehensive Loss (Details)                               
27: R50         Accumulated other comprehensive loss -              HTML     39K 
                Reclassifications out of Accumulated Other                       
                Comprehensive Loss (Details)                                     
35: R51         Earnings per share - Schedule of Earnings Per       HTML     87K 
                Share (Details)                                                  
73: R52         Earnings per share - Narrative (Details)            HTML     23K 
52: R53         Fair value measurement (Details)                    HTML     38K 
28: R54         Supplemental cash flow information (Details)        HTML     53K 
36: R55         Other matters (Details)                             HTML     64K 
59: R9999       Uncategorized Items - tgna-20190930x10q.htm         HTML     23K 
60: XML         IDEA XML File -- Filing Summary                      XML    123K 
72: XML         XBRL Instance -- tgna-20190930x10q_htm               XML   1.97M 
30: EXCEL       IDEA Workbook of Financial Reports                  XLSX     76K 
 9: EX-101.CAL  XBRL Calculations -- tgna-20190930_cal               XML    237K 
10: EX-101.DEF  XBRL Definitions -- tgna-20190930_def                XML    455K 
11: EX-101.LAB  XBRL Labels -- tgna-20190930_lab                     XML   1.39M 
12: EX-101.PRE  XBRL Presentations -- tgna-20190930_pre              XML    792K 
 8: EX-101.SCH  XBRL Schema -- tgna-20190930                         XSD    146K 
46: JSON        XBRL Instance as JSON Data -- MetaLinks              310±   449K 
37: ZIP         XBRL Zipped Folder -- 0000039899-19-000042-xbrl      Zip    378K

‘R14’   —   Retirement plans

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.3
Retirement plans
 9 Months Ended
Retirement Benefits [Abstract]  
Retirement plans Retirement plans

Our principal defined benefit pension plan is the TEGNA Retirement Plan (TRP). The disclosure table below includes the pension expenses of the TRP and the TEGNA Supplemental Retirement Plan (SERP). The total net pension obligations, including both current and non-current liabilities, as of September 30, 2019, were $136.4 million, of which $7.9 million is recorded as a current obligation within accrued liabilities on the Condensed Consolidated Balance Sheet.

Pension costs, which primarily include costs for the qualified TRP and the non-qualified SERP, are presented in the following table (in thousands):
 
Quarter ended Sept. 30,
 
Nine months ended Sept. 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Service cost-benefits earned during the period
$
2

 
$
3

 
$
6

 
$
9

Interest cost on benefit obligation
5,761

 
5,721

 
17,284

 
15,945

Expected return on plan assets
(6,580
)
 
(8,218
)
 
(19,740
)
 
(23,148
)
Amortization of prior service cost
23

 
42

 
68

 
126

Amortization of actuarial loss
1,521

 
1,271

 
4,562

 
3,814

Pension payment timing related charge
—

 
1,198

 
686

 
7,498

Expense for company-sponsored retirement plans
$
727

 
$
17

 
$
2,866

 
$
4,244



Benefits no longer accrue for substantially all TRP and SERP participants as a result of amendments to the plans in the past years and as such we no longer incur a significant amount of the service cost component of pension expense. All other components of our pension expense presented above are included within the Other non-operating items, net line item of the Consolidated Statements of Income.

During the nine months ended September 30, 2019 and 2018, we made cash contributions of $2.4 million and $11.1 million to the TRP and benefit payments to participants of the SERP of $6.0 million and $32.9 million, respectively. Based on actuarial projections, we expect to make additional cash payments of $3.6 million in fourth quarter of 2019 on account of these benefit plans (comprised of payments of $1.5 million to the TRP and $2.1 million SERP participants).

We incurred pension payment timing related charges of $0.7 million and $7.5 million in the first nine months of 2019 and 2018, respectively, as a result of lump sum SERP payments made to certain former employees. These charges were reclassified from accumulated other comprehensive loss into net periodic benefit cost.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/7/198-K
For Period end:9/30/19SC 13D
9/30/1810-Q
 List all Filings 

7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  TEGNA Inc.                        10-K       12/31/23  100:11M
 5/01/23  TEGNA Inc.                        10-K/A     12/31/22   12:2.4M
 2/27/23  TEGNA Inc.                        10-K       12/31/22   94:11M
 5/02/22  TEGNA Inc.                        10-K/A     12/31/21   14:2.6M                                   Donnelley … Solutions/FA
 3/01/22  TEGNA Inc.                        10-K       12/31/21   96:11M
 4/30/21  TEGNA Inc.                        S-3ASR      4/30/21    5:382K                                   Donnelley … Solutions/FA
 3/01/21  TEGNA Inc.                        10-K       12/31/20   99:13M
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Filing Submission 0000039899-19-000042   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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