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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total $ 2,299,497 $ 2,207,282 $ 1,903,026
Operating expenses:      
Cost of revenues [1] 1,228,237 1,065,933 933,718
Business units - Selling, general and administrative expenses 326,804 315,320 287,396
Corporate - General and administrative expenses 80,144 52,467 54,943
Depreciation 60,525 55,949 55,068
Amortization of intangible assets 50,104 30,838 21,570
Spectrum repacking reimbursements and other, net (see Note 11) (5,335) (11,701) 4,429
Total 1,740,479 1,508,806 1,357,124
Operating income 559,018 698,476 545,902
Non-operating income (expense):      
Equity income in unconsolidated investments, net 10,149 13,792 10,402
Interest expense (205,470) (192,065) (210,284)
Other non-operating items, net 11,960 (11,496) (35,304)
Total (183,361) (189,769) (235,186)
Income before income taxes 375,657 508,707 310,716
Provision (benefit) for income taxes 89,422 107,367 (137,246)
Income from continuing operations 286,235 401,340 447,962
Income (loss) from discontinued operations, net of tax 0 4,325 (232,916)
Net income 286,235 405,665 215,046
Net loss attributable to noncontrolling interests from discontinued operations 0 0 58,698
Net income attributable to TEGNA Inc. $ 286,235 $ 405,665 $ 273,744
Earnings from continuing operations per share - basic (in dollars per share) $ 1.32 $ 1.86 $ 2.08
Earnings (loss) from discontinued operations per share - basic (in dollars per share) 0 0.02 (0.81)
Net income per share - basic (in dollars per share) 1.32 1.88 1.27
Earnings from continuing operations per share - diluted (in dollars per share) 1.31 1.85 2.06
Earnings from discontinued operations per share - diluted (in dollars per share) 0 0.02 (0.80)
Net income per share - diluted (in dollars per share) $ 1.31 $ 1.87 $ 1.26
Weighted average number of common shares outstanding:      
Basic (in shares) 217,138 216,184 215,587
Diluted (in shares) 217,977 216,621 217,478
[1] Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.