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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Revenues $ 770,719 $ 730,143 $ 1,492,822 $ 1,395,496
OPERATING EXPENSES:        
Media production expenses 335,162 300,858 654,206 589,407
Media selling, general and administrative expenses 164,755 150,794 324,678 297,693
Amortization of program contract costs and net realizable value adjustments 22,084 24,710 46,021 51,660
Non-media expenses 39,210 31,021 78,510 52,244
Depreciation of property and equipment 22,305 23,117 45,325 50,442
Corporate general and administrative expenses 51,655 29,685 79,381 54,281
Amortization of definite-lived intangible and other assets 43,537 43,117 87,001 86,722
Gain on asset dispositions and other, net of impairment (13,988) (4,741) (21,897) (25,850)
Total operating expenses 664,720 598,561 1,293,225 1,156,599
Operating income 105,999 131,582 199,597 238,897
OTHER INCOME (EXPENSE):        
Interest expense and amortization of debt discount and deferred financing costs (53,678) (92,271) (108,304) (162,013)
Loss from equity method investments (11,844) (17,690) (25,481) (30,277)
Other income, net 5,533 4,391 7,728 7,772
Total other expense, net (59,989) (105,570) (126,057) (184,518)
Income before income taxes 46,010 26,012 73,540 54,379
INCOME TAX (PROVISION) BENEFIT (2,627) 3,297 (7,386) 18,925
NET INCOME 43,383 29,309 66,154 73,304
Net income attributable to the noncontrolling interests (1,086) (1,268) (2,185) (2,139)
NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 42,297 $ 28,041 $ 63,969 $ 71,165
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:        
Basic earnings per share (USD per share) $ 0.46 $ 0.27 $ 0.70 $ 0.70
Diluted earnings per share (USD per share) $ 0.45 $ 0.27 $ 0.69 $ 0.69
Weighted average common shares outstanding (shares) 91,764 102,224 92,032 102,062
Weighted average common and common equivalent shares outstanding (shares) 93,163 102,986 93,189 102,952
Media revenues        
REVENUES:        
Revenues $ 720,898 $ 695,862 $ 1,394,262 $ 1,339,513
Non-media revenues        
REVENUES:        
Revenues $ 49,821 $ 34,281 $ 98,560 $ 55,983