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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 806,827 $ 713,243 $ 2,231,442 $ 2,185,076
Operating expenses:        
Cost of revenues [1] 437,855 438,260 1,300,466 1,295,720
Business units - Selling, general and administrative expenses 96,882 98,394 294,080 294,734
Corporate - General and administrative expenses 13,188 13,552 40,671 52,158
Depreciation 15,543 15,083 45,026 45,119
Amortization of intangible assets 13,467 13,297 40,790 40,175
Asset impairment and other 0 0 1,097 3,359
Merger termination fee 0 0 0 (136,000)
Total 576,935 578,586 1,722,130 1,595,265
Operating income 229,892 134,657 509,312 589,811
Non-operating (expense) income:        
Interest expense (42,288) (43,418) (126,404) (129,121)
Interest income 7,023 7,389 18,469 23,498
Other non-operating items, net (2,696) 25,427 144,313 19,990
Total (37,961) (10,602) 36,378 (85,633)
Income before income taxes 191,931 124,055 545,690 504,178
Provision for income taxes 44,743 27,801 127,211 103,827
Net Income 147,188 96,254 418,479 400,351
Net loss (income) attributable to redeemable noncontrolling interest 260 (71) 673 240
Net income attributable to TEGNA Inc. $ 147,448 $ 96,183 $ 419,152 $ 400,591
Earnings per share:        
Basic (in dollars per share) $ 0.89 $ 0.48 $ 2.44 $ 1.86
Diluted (in dollars per share) $ 0.89 $ 0.48 $ 2.44 $ 1.86
Weighted average number of common shares outstanding:        
Basic shares (in shares) 165,188 200,779 170,820 214,297
Diluted shares (in shares) 165,748 201,218 171,334 214,591
[1] Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately.