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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES:      
Media revenues $ 5,843 $ 4,046 $ 2,919
Non-media revenues 100 194 136
Total revenues 5,943 4,240 3,055
OPERATING EXPENSES:      
Media programming and production expenses 2,735 2,073 1,191
Media selling, general and administrative expenses 832 732 630
Amortization of program contract costs 86 90 101
Non-media expenses 91 156 122
Depreciation of property and equipment 102 97 105
Corporate general and administrative expenses 148 387 111
Amortization of definite-lived intangible and other assets 572 327 175
Impairment of goodwill and definite-lived intangible assets 4,264 0 0
Gain on asset dispositions and other, net of impairment (115) (92) (40)
Total operating expenses 8,715 3,770 2,395
Operating (loss) income (2,772) 470 660
OTHER INCOME (EXPENSE):      
Interest expense including amortization of debt discount and deferred financing costs (656) (422) (292)
Loss on extinguishment of debt (10) (10) 0
Loss from equity method investments (36) (35) (61)
Other income, net 325 6 3
Total other expense, net (377) (461) (350)
(Loss) income before income taxes (3,149) 9 310
INCOME TAX BENEFIT 720 96 36
NET (LOSS) INCOME (2,429) 105 346
Net income attributable to the redeemable noncontrolling interests (56) (48) 0
Net loss (income) attributable to the noncontrolling interests 71 (10) (5)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ (2,414) $ 47 $ 341
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:      
Basic earnings per share (in dollars per share) $ (30.20) $ 0.52 $ 3.38
Diluted earnings per share (in dollars per share) $ (30.20) $ 0.51 $ 3.35
Weighted average common shares outstanding (in shares) 79,924 92,015 100,913
Weighted average common and common equivalent shares outstanding (in shares) 79,924 93,185 101,718