22. SUMMARIZED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	Year ended December 31, 2017
(in thousands, except per share data)	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total
Operating revenues	$	855,120		$	925,046		$	825,525		$	956,116		$	3,561,807
Operating expenses:
Cost of services, excluding depreciation and amortization		279,039			299,851			318,292			356,812			1,253,994
Selling, general and administrative		207,370			212,397			224,192			237,071			881,030
Depreciation		14,960			13,660			14,736			14,993			58,349
Amortization		24,197			25,058			17,400			26,861			93,516
Goodwill write-down		-			-			-			505			505
Total operating expenses		525,566			550,966			574,620			636,242			2,287,394
Operating income		329,554			374,080			250,905			319,874			1,274,413
Interest expense, net		(24,252	)		(24,203	)		(23,092	)		(21,612	)		(93,159	)
Equity in earnings of affiliates		20,449			20,974			8,758			9,577			59,758
Loss on derivatives		(2,336	)		(3,672	)		(3,446	)		(1,848	)		(11,302	)
Gain (loss) on sale of investments		-			1,416			(2,442	)		-			(1,026	)
Miscellaneous, net		27,540			32,181			2,854			19,951			82,526
Income from operations before income taxes		350,955			400,776			233,537			325,942			1,311,210
Provision for income taxes		101,140			115,099			70,454			210,166			496,859
Net income		249,815			285,677			163,083			115,776			814,351
Less: net income attributable to non-controlling interests		(49,915	)		(51,602	)		(38,995	)		(49,904	)		(190,416	)
Net income attributable to SNI	$	199,900		$	234,075		$	124,088		$	65,872		$	623,935

Net income attributable to SNI Class A Common and Common Voting shareholders per share of common stock:
Basic	$	1.54		$	1.80		$	0.95		$	0.51		$	4.79
Diluted	$	1.53		$	1.79		$	0.95		$	0.50		$	4.76
Weighted average shares outstanding:
Basic		129,921			130,233			130,313			130,392			130,217
Diluted		130,743			130,884			131,262			131,353			131,063

Cash dividends declared per share of common stock	$	0.30		$	0.30		$	0.30		$	0.30		$	1.20

	Year ended December 31, 2016
(in thousands, except per share data)	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Total
Operating revenues	$	816,878		$	892,771		$	803,085		$	888,701		$	3,401,435
Operating expenses:
Cost of services, excluding depreciation and amortization		279,667			286,999			298,207			328,355			1,193,228
Selling, general and administrative		198,821			191,133			200,820			215,959			806,733
Depreciation		17,297			16,089			20,370			17,803			71,559
Amortization		31,062			25,654			25,771			40,955			123,442
Goodwill write-down		-			-			-			57,878			57,878
Total operating expenses		526,847			519,875			545,168			660,950			2,252,840
Operating income		290,031			372,896			257,917			227,751			1,148,595
Interest expense, net		(33,745	)		(33,175	)		(32,609	)		(29,912	)		(129,441	)
Equity in earnings of affiliates		25,678			21,712			8,473			15,519			71,382
Gain on derivatives		2,766			8,267			2,827			4,008			17,868
Gain (loss) on sale of investments		208,197			(16,373	)		-			-			191,824
Miscellaneous, net		6,066			(21,672	)		21,276			(28,120	)		(22,450	)
Income from operations before income taxes		498,993			331,655			257,884			189,246			1,277,778
Provision for income taxes		159,047			98,303			76,043			96,937			430,330
Net income		339,946			233,352			181,841			92,309			847,448
Less: net income attributable to non-controlling interests		(49,049	)		(48,744	)		(35,844	)		(40,216	)		(173,853	)
Net income attributable to SNI	$	290,897		$	184,608		$	145,997		$	52,093		$	673,595

Net income attributable to SNI Class A Common and Common Voting shareholders per share of common stock:
Basic	$	2.25		$	1.42		$	1.13		$	0.40		$	5.20
Diluted	$	2.24		$	1.42		$	1.12		$	0.40		$	5.18
Weighted average shares outstanding:
Basic		129,295			129,562			129,586			129,661			129,529
Diluted		129,790			130,141			130,124			130,350			130,104

Cash dividends declared per share of common stock	$	0.25		$	0.25		$	0.25		$	0.25		$	1.00