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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ( UNAUDITED ) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues:        
Advertising $ 527,855 $ 432,149 $ 1,466,014 $ 1,362,878
Network affiliate fees, net 224,941 198,236 649,166 597,158
Other 23,326 14,038 51,294 36,268
Total operating revenues 776,122 644,423 2,166,474 1,996,304
Cost of services, excluding depreciation and amortization of intangible assets 270,150 207,099 664,384 578,418
Selling, general and administrative 193,645 167,361 574,330 557,904
Depreciation 18,359 17,541 50,052 55,221
Amortization of intangible assets 22,932 14,076 46,267 41,863
Loss (gain) on disposal of property and equipment 40 (448) 2,600 1,047
Total operating expenses 505,126 405,629 1,337,633 1,234,453
Operating income 270,996 238,794 828,841 761,851
Interest expense, net (50,439) (12,235) (80,182) (36,898)
Equity in earnings of affiliates 23,392 17,586 69,627 67,110
Gain (loss) on derivatives 4,037 2,041 47,168 (2,436)
Miscellaneous, net (9,543) 25 (23,198) 4,307
Income from operations before income taxes 238,443 246,211 842,256 793,934
Provision for income taxes 75,110 75,910 266,685 245,175
Net income 163,333 170,301 575,571 548,759
Less: net income attributable to non-controlling interests (38,774) (38,962) (133,451) (135,330)
Net income attributable to SNI $ 124,559 $ 131,339 $ 442,120 $ 413,429
Basic net income per share:        
Net income attributable to SNI common shareholders (in dollars per share) $ 0.96 $ 0.93 $ 3.41 $ 2.90
Diluted net income per share:        
Net income attributable to SNI common shareholders (in dollars per share) $ 0.96 $ 0.93 $ 3.39 $ 2.88
Weighted average shares outstanding:        
Basic (in shares) 129,177 140,738 129,817 142,786
Diluted (in shares) 129,704 141,628 130,434 143,703