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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 124,867 $ 130,756
Accounts receivable, net of allowance for doubtful accounts of $12,056 and $16,470 as of September 30, 2022 and December 31, 2021, respectively 270,440 328,733
Inventories 37,853 37,662
Prepaid expenses and other current assets 70,088 80,110
Total current assets 503,248 577,261
Property, plant and equipment, net of accumulated depreciation of $348,363 and $336,500 as of September 30, 2022 and December 31, 2021, respectively 328,607 415,384
Operating lease assets 243,096 271,935
Goodwill 537,898 533,709
Intangible assets, net 638,337 713,153
Deferred tax assets 0 32,399
Pension and other assets 230,466 284,228
Total assets 2,481,652 2,828,069
Current liabilities:    
Accounts payable and accrued liabilities 342,815 357,014
Deferred revenue 161,585 184,838
Current portion of long-term debt 91,117 69,456
Other current liabilities 53,142 51,218
Total current liabilities 648,659 662,526
Long-term debt 708,970 769,446
Convertible debt 402,469 393,354
Deferred tax liabilities 7,161 28,812
Pension and other postretirement benefit obligations 65,911 71,937
Long-term operating lease liabilities 228,412 254,969
Other long-term liabilities 106,935 117,410
Total noncurrent liabilities 1,519,858 1,635,928
Total liabilities 2,168,517 2,298,454
Commitments and contingent liabilities (See Note 11)
Equity    
Preferred stock, $0.01 par value per share, 300,000 shares authorized, of which 150,000 shares are designated as Series A Junior Participating Preferred Stock, none of which were issued and outstanding at September 30, 2022 and December 31, 2021 0 0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized, 152,710,398 shares issued and 146,218,045 shares outstanding at September 30, 2022; 144,667,389 shares issued and 142,299,399 shares outstanding at December 31, 2021 1,527 1,446
Treasury stock, at cost, 6,492,353 shares and 2,367,990 shares at September 30, 2022 and December 31, 2021, respectively (14,706) (8,151)
Additional paid-in capital 1,406,556 1,400,206
Accumulated deficit (1,032,168) (921,399)
Accumulated other comprehensive (loss) income (47,803) 59,998
Total Gannett stockholders equity 313,406 532,100
Noncontrolling interests (271) (2,485)
Total equity 313,135 529,615
Total liabilities and equity $ 2,481,652 $ 2,828,069