Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Intersegment revenue eliminations are included in Corporate and Other and totaled $7.2 million and $6.6 million for the three months ended March 31, 2017 and March 31, 2016, respectively.

Our CODM, whom we have identified as our Chief Executive Officer (“CEO”), evaluates the operating performance of our businesses and makes decisions about the allocation of resources to the businesses using a measure we refer to as segment profit (loss). Segment profit (loss) is defined as income (loss) from operations before income taxes excluding depreciation, amortization, goodwill write-downs, interest expense, equity in earnings of affiliates, gain (loss) on derivatives, gain (loss) on sale of investments and other miscellaneous non-operating expenses which are included in net income (loss) determined in accordance with GAAP.

Information regarding our segments is as follows:

	Three months ended March 31, 2017
(in thousands)	U.S. Networks			International Networks			Corporate and Other			Consolidated
Operating revenues:
Advertising	$	512,055		$	84,660		$	—		$	596,715
Distribution		211,140			27,240			—			238,380
Other		13,694			13,625			(7,294	)		20,025
Total operating revenues		736,889			125,525			(7,294	)		855,120
Cost of services, excluding depreciation and amortization		205,322			79,334			(5,617	)		279,039
Selling, general and administrative		147,993			30,681			28,696			207,370
Segment profit (loss)		383,574			15,510			(30,373	)		368,711
Depreciation		11,499			2,872			589			14,960
Amortization		9,918			14,279			—			24,197
Operating income (loss)		362,157			(1,641	)		(30,962	)		329,554
Interest (expense) income, net		(120	)		147			(24,279	)		(24,252	)
Equity in earnings of affiliates		5,243			15,206			—			20,449
Loss on derivatives		—			—			(2,336	)		(2,336	)
Miscellaneous, net		2,483			19,903			5,154			27,540
Income (loss) from operations before income taxes	$	369,763		$	33,615		$	(52,423	)	$	350,955

Additions to property and equipment:	$	12,256		$	7,347		$	5,844		$	25,447

	Three months ended March 31, 2016
(in thousands)	U.S. Networks			International Networks			Corporate and Other			Consolidated
Operating revenues:
Advertising	$	487,285		$	84,570		$	—		$	571,855
Distribution		202,096			25,972			—			228,068
Other		12,814			10,796			(6,655	)		16,955
Total operating revenues		702,195			121,338			(6,655	)		816,878
Cost of services, excluding depreciation and amortization		203,359			81,058			(4,750	)		279,667
Selling, general and administrative		139,339			30,491			28,991			198,821
Segment profit (loss)		359,497			9,789			(30,896	)		338,390
Depreciation		14,195			2,841			261			17,297
Amortization		10,021			21,041			—			31,062
Operating income (loss)		335,281			(14,093	)		(31,157	)		290,031
Interest expense, net		(17	)		(6,867	)		(26,861	)		(33,745	)
Equity in earnings of affiliates		7,732			17,946			—			25,678
Gain on derivatives		—			—			2,766			2,766
Gain on sale of investments		208,197			—			—			208,197
Miscellaneous, net		3,487			31,058			(28,479	)		6,066
Income (loss) from operations before income taxes	$	554,680		$	28,044		$	(83,731	)	$	498,993

Additions to property and equipment:	$	8,671		$	2,674		$	—		$	11,345

Operating revenues and long lived assets by geographical location

	Three months ended March 31,
(in thousands)	2017		2016
Operating revenues by geographic location:
United States	$	738,094	$	701,888
Poland		99,284	$	97,758
Other International		17,742		17,232
Total operating revenues	$	855,120	$	816,878


(in thousands)	March 31, 2017		December 31, 2016
Assets:
U.S. Networks	$	2,782,139	$	2,800,137
International Networks		3,077,875		2,991,607
Corporate and Other		342,578		408,550
Total assets	$	6,202,592	$	6,200,294
Long-lived assets by geographic location:
United States	$	1,803,591	$	1,809,919
Poland		2,251,449		2,172,743
Other International		395,261		384,242
Total long-lived assets	$	4,450,301	$	4,366,904

No single customer provides more than 10.0 percent of our revenues.