Gray Television Inc (GTN) — Cash Flow Reinvestment Rate
Gray Television Inc (GTN) has a Cash Flow Reinvestment Rate of 3.21x as of September 2025, reinvesting $45.00 Million (capex $25.00 Million plus investments $-20.00 Million) from operating cash flow of $14.00 Million. See GTN FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Gray Television Inc Cash Flow Reinvestment Rate (1990–2024)
Historical reinvestment intensity for Gray Television Inc across 35 annual periods. For the full cash flow conversion analysis, see Gray Television Inc operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for Gray Television Inc (1990–2024)
Year-by-year capital reinvestment analysis for Gray Television Inc. See GTN financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.23x | $171.00 Million | $751.00 Million | $143.00 Million | ▼ -80.3% |
| 2023 | 1.15x | $748.00 Million | $648.00 Million | $348.00 Million | ▲ +111.7% |
| 2022 | 0.55x | $452.00 Million | $829.00 Million | $436.00 Million | ▼ -36.1% |
| 2021 | 0.85x | $256.00 Million | $300.00 Million | $207.00 Million | ▲ +252.1% |
| 2020 | 0.24x | $158.00 Million | $652.00 Million | $110.00 Million | ▼ -96.6% |
| 2019 | 7.18x | $2.77 Billion | $385.00 Million | $110.00 Million | ▲ +1879.4% |
| 2018 | 0.36x | $117.35 Million | $323.32 Million | $69.97 Million | ▼ -83.0% |
| 2017 | 2.13x | $384.31 Million | $180.01 Million | $34.52 Million | ▼ -15.6% |
| 2016 | 2.53x | $522.94 Million | $206.63 Million | $43.60 Million | ▲ +1003.5% |
| 2015 | 0.23x | $24.22 Million | $105.61 Million | $24.22 Million | ▼ -4.4% |
| 2014 | 0.24x | $32.22 Million | $134.22 Million | $32.22 Million | ▼ -39.9% |
| 2013 | 0.40x | $24.05 Million | $60.24 Million | $24.05 Million | ▲ +45.5% |
| 2012 | 0.27x | $24.52 Million | $89.37 Million | $24.52 Million | ▼ -56.8% |
| 2011 | 0.64x | $24.27 Million | $38.17 Million | $24.27 Million | ▲ +25.0% |
| 2010 | 0.51x | $19.39 Million | $38.13 Million | $19.39 Million | ▼ -45.8% |
| 2009 | 0.94x | $17.76 Million | $18.90 Million | $17.76 Million | ▲ +324.9% |
| 2008 | 0.22x | $16.29 Million | $73.67 Million | $16.29 Million | ▼ -74.8% |
| 2007 | 0.88x | $24.83 Million | $28.36 Million | $24.83 Million | ▲ +70.0% |
| 2006 | 0.52x | $41.14 Million | $79.86 Million | $41.14 Million | ▼ -30.0% |
| 2005 | 0.74x | $37.16 Million | $50.48 Million | $37.16 Million | ▲ +108.4% |
| 2004 | 0.35x | $36.30 Million | $102.74 Million | $36.30 Million | ▼ -1.3% |
| 2003 | 0.36x | $22.31 Million | $62.32 Million | $22.31 Million | ▼ -35.0% |
| 2002 | 0.55x | $14.97 Million | $27.17 Million | $14.97 Million | ▲ +0.3% |
| 2001 | 0.55x | $11.24 Million | $20.47 Million | $11.24 Million | ▲ +119.2% |
| 2000 | 0.25x | $5.70 Million | $22.76 Million | $5.70 Million | ▼ -95.9% |
| 1999 | 6.08x | $126.40 Million | $20.80 Million | $126.40 Million | ▼ -7.3% |
| 1998 | 6.56x | $131.80 Million | $20.10 Million | $131.80 Million | ▲ +511.6% |
| 1997 | 1.07x | $10.40 Million | $9.70 Million | $10.40 Million | ▲ +281.6% |
| 1996 | 0.28x | $3.40 Million | $12.10 Million | $3.40 Million | ▼ -35.3% |
| 1995 | 0.43x | $3.30 Million | $7.60 Million | $3.30 Million | ▲ +68.9% |
| 1994 | 0.26x | $1.80 Million | $7.00 Million | $1.80 Million | ▼ -76.9% |
| 1993 | 1.11x | $1.00 Million | $900.00K | $1.00 Million | ▲ +58.7% |
| 1992 | 0.70x | $2.80 Million | $4.00 Million | $2.80 Million | ▲ +0.0% |
| 1991 | 0.70x | $2.80 Million | $4.00 Million | $2.80 Million | ▲ +198.7% |
| 1990 | 0.23x | $1.50 Million | $6.40 Million | $1.50 Million | — |