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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Media revenues $ 2,499,549 $ 2,011,946 $ 1,784,641
Revenues realized from station barter arrangements 135,566 111,337 122,262
Other non-media revenues 101,834 95,853 69,655
Total revenues 2,736,949 2,219,136 1,976,558
OPERATING EXPENSES:      
Media production expenses 953,089 733,199 578,687
Media selling, general and administrative expenses 501,589 431,728 372,220
Expenses recognized from station barter arrangements 116,954 93,204 107,716
Amortization of program contract costs and net realizable value adjustments 127,880 124,619 106,629
Other non-media expenses 80,648 71,803 55,615
Depreciation of property and equipment 98,529 103,433 103,291
Corporate general and administrative expenses 73,556 64,246 62,495
Amortization of definite-lived intangible and other assets 183,795 161,454 125,496
Research and development expenses 4,085 12,436 6,918
(Gain) loss on asset dispositions (6,029) 278 (37,160)
Total operating expenses 2,134,096 1,796,400 1,481,907
Operating income 602,853 422,736 494,651
OTHER INCOME (EXPENSE):      
Interest expense and amortization of debt discount and deferred financing costs (211,143) (191,447) (174,862)
Loss from extinguishment of debt (23,699) 0 (14,553)
Income from equity and cost method investments 1,735 964 2,313
Other income, net 3,144 1,540 4,998
Total other expense (229,963) (188,943) (182,104)
Income before income taxes 372,890 233,793 312,547
INCOME TAX PROVISION (122,128) (57,694) (97,432)
NET INCOME 250,762 176,099 215,115
Net income attributable to the noncontrolling interests (5,461) (4,575) (2,836)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 245,301 $ 171,524 $ 212,279
Dividends declared per share (in dollars per share) $ 0.71 $ 0.66 $ 0.63
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:      
Basic earnings per share (in dollars per share) 2.62 1.81 2.19
Diluted earnings per share (in dollars per share) $ 2.60 $ 1.79 $ 2.17
Weighted average common shares outstanding (in shares) 93,567 95,003 97,114
Weighted average common and common equivalent shares outstanding (in shares) 94,433 95,728 97,819