SEGMENT DATA

12 Months Ended

Dec. 31, 2018

SEGMENT DATA:

We measure segment performance based on operating income (loss). Our broadcast segment, includes stations in 89 markets located throughout the continental United States. Other primarily consists of owned networks and content, digital and internet solutions, technical services and other non-media investments. All of our businesses included in Other are located within the United States. Corporate costs primarily include our costs to operate as a public company and to operate our corporate headquarters location. Other and Corporate are not reportable segments but are included for reconciliation purposes.

We had approximately $155.8 million and $159.8 million of intercompany loans between broadcast, other and corporate as of December 31, 2018 and 2017, respectively. We had $15.3 million, $18.5 million, and $24.4 million in intercompany interest expense related to intercompany loans between broadcast, other, and corporate for the years ended December 31, 2018, 2017 and 2016, respectively. All other intercompany transactions are immaterial.

Financial information for our reportable segment is included in the following tables for the years ended December 31, 2018, 2017, and 2016 (in thousands):



For the year ended December 31, 2018	Broadcast				Other				Corporate			Consolidated
Revenue	$	2,714,663			$	340,418			$	—		$	3,055,081
Depreciation of property and equipment	97,703				7,461				76			105,240
Amortization of definite-lived intangible assets and other assets	153,720				21,128				—			174,848
Amortization of program contract costs and net realizable value adjustments	100,899				—				—			100,899
General and administrative overhead expenses	100,241				913				9,916			111,070
(Gain) loss on asset dispositions and other, net of impairment	(99,977		)	(d)	60,032			(c)	(118		)	(40,063		)
Operating income (loss)	751,341			(d)	(81,805		)	(c)	(9,875		)	659,661
Interest expense	5,734				803				285,439			291,976
Loss from equity method investments	—				(60,831		)		—			(60,831		)
Goodwill	2,054,779				69,123				—			2,123,902
Assets	4,797,420				720,704				1,053,968			6,572,092
Capital expenditures	94,812				5,155				5,094			105,061



For the year ended December 31, 2017	Broadcast			Other				Corporate			Consolidated
Revenue (a)	$	2,393,641		$	242,574			$	—		$	2,636,215
Depreciation of property and equipment	88,751			7,368				984			97,103
Amortization of definite-lived intangible assets and other assets	155,640			23,182				—			178,822
Amortization of program contract costs and net realizable value adjustments	115,523			—				—			115,523
General and administrative overhead expenses	101,680			1,009				10,564			113,253
(Gain) loss on asset dispositions and other, net of impairment	(225,770		)	(53,102		)	(b)	—			(278,872		)
Operating income (loss)	724,110			24,943			(b)	(11,547		)	737,506
Interest expense	5,285			1,835				205,195			212,315
Loss from equity method investments	—			(14,307		)		—			(14,307		)
Goodwill	2,053,410			70,623				—			2,124,033
Assets	5,267,986			769,919				746,565			6,784,470
Capital expenditures	63,163			5,546				15,103			83,812



For the year ended December 31, 2016	Broadcast			Other			Corporate			Consolidated
Revenue (a)	$	2,416,985		$	205,525		$	—		$	2,622,510
Depreciation of property and equipment	91,573			5,772			1,184			98,529
Amortization of definite-lived intangible assets and other assets	155,479			28,316			—			183,795
Amortization of program contract costs and net realizable value adjustments	127,880			—			—			127,880
General and administrative overhead expenses	67,035			2,459			4,062			73,556
(Gain) loss on asset dispositions and other, net of impairment	(4,647		)	(1,427		)	45			(6,029		)
Operating income (loss)	639,422			(31,258		)	(5,311		)	602,853
Interest expense	5,641			6,371			199,131			211,143
Income from equity method investments	—			906			—			906


(a)	Revenue has been adjusted for the adoption of ASC 606. See Note 1. Nature of Operations and Summary of Significant Accounting Policies


(b)	Includes a gain on the sale of Alarm of $53.0 million, of which $12.3 million was attributable to noncontrolling interests.


(c)	Includes a $59.6 million impairment to the carrying value of a consolidated real estate venture. See Note 1. Nature of Operations and Summary of Significant Accounting Policies.

(d)

Includes a gain of $83.3 million related to the auction proceeds. See Note 2. Acquisitions and Dispositions of Assets.