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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Media $ 1,903,026 $ 1,994,120 $ 1,713,982
Digital 0 9,968 50,840
Total 1,903,026 2,004,088 1,764,822
Operating expenses:      
Cost of revenues, exclusive of depreciation 933,718 795,454 728,131
Business units - Selling, general and administrative expenses, exclusive of depreciation 287,396 331,028 318,109
Corporate - General and administrative expenses, exclusive of depreciation 54,943 58,692 61,045
Depreciation 55,068 55,369 62,141
Amortization of intangible assets 21,570 23,263 24,517
Asset impairment and facility consolidation charges (gains) (see Note 11) 4,429 32,130 (59,415)
Total 1,357,124 1,295,936 1,134,528
Operating income 545,902 708,152 630,294
Non-operating income (expense)      
Equity income (loss) in unconsolidated investments, net (see Note 4) 10,402 (3,414) (2,795)
Interest expense (210,284) (231,995) (273,152)
Other non-operating expenses (35,304) (23,452) (8,681)
Total (235,186) (258,861) (284,628)
Income before income taxes 310,716 449,291 345,666
(Benefit) provision for income taxes (137,246) 140,171 116,060
Income from continuing operations 447,962 309,120 229,606
(Loss) income from discontinued operations, net of tax (232,916) 178,879 293,080
Net Income 215,046 487,999 522,686
Net loss (income) attributable to noncontrolling interests from discontinued operations 58,698 (51,302) (63,164)
Net income attributable to TEGNA Inc. $ 273,744 $ 436,697 $ 459,522
Earnings from continuing operations per share - basic (in dollars per share) $ 2.08 $ 1.43 $ 1.02
Earnings (loss) from discontinued operations per share - basic (in dollars per share) (0.81) 0.59 1.02
Net income per share - basic (in dollars per share) 1.27 2.02 2.04
Earnings from continuing operations per share - diluted (in dollars per share) 2.06 1.41 1.00
Earnings from discontinued operations per share - diluted (in dollars per share) (0.80) 0.58 1.00
Net income per share - diluted (in dollars per share) $ 1.26 $ 1.99 $ 2.00
Weighted average number of common shares outstanding:      
Basic (in shares) 215,587 216,358 224,688
Diluted (in shares) 217,478 219,681 229,721
Dividends declared per share (in dollars per share) $ 0.35 $ 0.56 $ 0.68