XML 32 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 2,292,912 $ 2,453,215 $ 2,283,532
Operating Expenses:      
Cost of revenues, excluding depreciation and amortization 1,283,324 1,233,769 1,106,226
Selling, general and administrative expenses, excluding depreciation and amortization 614,769 623,161 595,105
Acquisition and related integration costs 0 1,642 40,373
Restructuring and related cost, incurred cost 38,612 0 9,436
Depreciation 60,725 61,943 58,357
Amortization of intangible assets 94,380 98,490 103,565
Impairment of goodwill 952,000 0 0
Losses (gains), net on disposal of property and equipment 2,344 5,866 (30,275)
Total operating expenses 3,046,154 2,024,871 1,882,787
Operating income (loss) (753,242) 428,344 400,745
Interest expense (213,512) (161,130) (165,164)
Gain (loss) on extinguishment of debt 0 8,589 (15,347)
Defined benefit pension plan income (expense) 650 2,613 (343)
Gain on sale of Triton business 0 0 81,784
Losses on stock warrant 0 0 (99,118)
Miscellaneous, net (1,407) (1,953) (15,469)
Income (loss) from continuing operations before income taxes (967,511) 276,463 187,088
Provision (benefit) for income taxes (19,727) 80,561 71,189
Income (loss) from continuing operations, net of tax (947,784) 195,902 115,899
Income from discontinued operations, net of tax 0 0 6,813
Net income (loss) (947,784) 195,902 122,712
Preferred stock dividends (50,305) (50,305) (49,372)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company $ (998,089) $ 145,597 $ 73,340
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:      
Income from continuing operations (in dollars per share) $ (11.84) $ 1.71 $ 0.79
Income from discontinued operations (in dollars per share) 0 0 0.08
Net income per basic share of common stock (USD per share) (11.84) 1.71 0.87
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company:      
Income from continuing operations (in dollars per share) (11.84) 1.62 0.74
Income from discontinued operations (in dollars per share) 0 0 0.08
Net income per diluted share of common stock (USD per share) $ (11.84) $ 1.62 $ 0.81
Weighted average shares outstanding:      
Basic (in shares) 84,266 83,220 82,327
Diluted (in shares) 84,266 87,346 87,979
Advertising      
Operating Revenues:      
Total operating revenues $ 1,477,999 $ 1,757,389 $ 1,614,814
Distribution      
Operating Revenues:      
Total operating revenues 779,217 660,317 620,454
Other      
Operating Revenues:      
Total operating revenues $ 35,696 $ 35,509 $ 48,264