QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED): 

(In thousands, except per share data)

	For the Quarter Ended
	3/31/2018		6/30/2018		9/30/2018		12/31/2018
Total revenues, net	$	665,352	$	730,143	$	766,261	$	893,325
Operating income	$	107,314	$	131,583	$	157,810	$	262,954
Net income	$	43,994	$	29,310	$	65,000	$	207,694
Net income attributable to Sinclair Broadcast Group	$	43,123	$	28,042	$	63,875	$	206,201
Basic earnings per common share	$	0.42	$	0.27	$	0.63	$	2.12
Diluted earnings per common share	$	0.42	$	0.27	$	0.62	$	2.10

	For the Quarter Ended
	3/31/2017		6/30/2017		9/30/2017		12/31/2017 (a)
Total revenues, net (b)	$	626,936	$	652,235	$	644,532	$	712,512
Operating income	$	157,629	$	118,849	$	103,447	$	357,581
Net income	$	70,703	$	46,035	$	32,566	$	444,800
Net income attributable to Sinclair Broadcast Group	$	57,202	$	44,645	$	30,637	$	443,529
Basic earnings per common share	$	0.62	$	0.43	$	0.30	$	4.36
Diluted earnings per common share	$	0.61	$	0.43	$	0.30	$	4.32

(a) During the three months ended December 31, 2017, we recognized a gain of $225.3 million for vacating spectrum in certain markets as discussed in Broadcast Incentive Auction under Note 2. Acquisitions and Dispositions of Assets; and a non-recurring benefit of $272.1 million to reflect the estimated effect of the Tax Reform as discussed in Note 10. Income Taxes.

(b)

See Revenue Recognition within Note 1. Nature of Operations and Summary of Significant Accounting Policies for a discussion of the adoption of the new accounting principles for revenue recognition.