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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES:    
Revenues $ 1,511 $ 1,609
OPERATING EXPENSES:    
Media programming and production expenses 1,023 828
Media selling, general and administrative expenses 213 210
Amortization of program contract costs 23 23
Non-media expenses 17 30
Depreciation of property and equipment 28 24
Corporate general and administrative expenses 61 49
Amortization of definite-lived intangible and other assets 125 150
Gain on asset dispositions and other, net of impairment (14) (32)
Total operating expenses 1,476 1,282
Operating income 35 327
OTHER INCOME (EXPENSE):    
Interest expense including amortization of debt discount and deferred financing costs (151) (180)
Gain on extinguishment of debt 0 2
Income (loss) from equity method investments 9 (6)
Other income (expense), net 124 (4)
Total other expense, net (18) (188)
Income before income taxes 17 139
INCOME TAX BENEFIT 9 12
NET INCOME 26 151
Net income attributable to the redeemable noncontrolling interests (4) (20)
Net income attributable to the noncontrolling interests (34) (8)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ (12) $ 123
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:    
Basic (loss) earnings per share (USD per share) $ (0.16) $ 1.36
Diluted (loss) earnings per share (USD per share) $ (0.16) $ 1.35
Basic weighted average common shares outstanding (shares) 74,389 90,609
Diluted weighted average common and common equivalent shares outstanding (shares) 74,389 91,226
Media revenues    
REVENUES:    
Revenues $ 1,497 $ 1,574
Non-media revenues    
REVENUES:    
Revenues $ 14 $ 35