SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Segment Financial Information

Segment financial information is included in the following tables for the years ended December 31, 2021, 2020, and 2019 (in millions):


As of December 31, 2021	Broadcast		Local sports		Other & Corporate		Eliminations		Consolidated
Goodwill	$	2,016	$	—	$	72	$	—	$	2,088
Assets	4,793		5,769		2,009		(30)		12,541
Capital expenditures	52		16		12		—		80


As of December 31, 2020	Broadcast		Local sports		Other & Corporate		Eliminations		Consolidated
Goodwill	$	2,017	$	—	$	75	$	—	$	2,092
Assets	4,908		6,620		1,867		(13)		13,382
Capital expenditures	101		24		32		—		157


For the year ended December 31, 2021	Broadcast			Local sports			Other & Corporate		Eliminations			Consolidated
Revenue	$	2,757		$	3,056		$	481	$	(160)	(c)	$	6,134
Depreciation of property and equipment and amortization of definite-lived intangible assets and other assets	247			316			31		(3)			591
Amortization of sports programming rights (a)	—			2,350			—		—			2,350
Amortization of program contract costs	76			—			17		—			93
Corporate general and administrative expenses	147			10			13		—			170
Gain on asset dispositions and other, net of impairment	(24)		(b)	(43)		(b)	(4)		—			(71)

Operating income (loss)	374		(b)	(317)		(b)	39		(1)			95
Interest expense including amortization of debt discount and deferred financing costs	4			436			192		(14)			618
Income (loss) from equity method investments	—			49			(4)		—			45


For the year ended December 31, 2020	Broadcast			Local sports		Other & Corporate		Eliminations			Consolidated
Revenue	$	2,922		$	2,686	$	451	$	(116)	(c)	$	5,943
Depreciation of property and equipment and amortization of definite-lived intangible assets and other assets	239			410		27		(2)			674
Amortization of sports programming rights (a)	—			1,078		—		—			1,078
Amortization of program contract costs	83			—		3		—			86
Corporate general and administrative expenses	119			10		19		—			148
(Gain) loss on asset dispositions and other, net of impairment	(118)		(b)	—		3		—			(115)
Impairment of goodwill and definite-lived intangible assets	—			4,264		—		—			4,264
Operating income (loss)	789		(b)	(3,602)		47		(6)			(2,772)
Interest expense including amortization of debt discount and deferred financing costs	5			460		203		(12)			656
Income (loss) from equity method investments	—			6		(42)		—			(36)


For the year ended December 31, 2019	Broadcast			Local sports		Other & Corporate		Eliminations			Consolidated
Revenue	$	2,690		$	1,139	$	470	$	(59)	(c)	$	4,240
Depreciation of property and equipment and amortization of definite-lived intangible assets and other assets	246			157		22		(1)			424
Amortization of sports programming rights (a)	—			637		—		—			637
Amortization of program contract costs	90			—		—		—			90
Corporate general and administrative expenses	144			93		151		(1)			387
Gain on asset dispositions and other, net of impairment	(62)		(b)	—		(30)		—			(92)
Operating income (loss)	546		(b)	30		(98)		(8)			470
Interest expense including amortization of debt discount and deferred financing costs	5			200		230		(13)			422
Income (loss) from equity method investments	—			18		(53)		—			(35)

(a)The amortization of sports programming rights is included within media programming and production expenses on our consolidated statements of operations.

(b)Includes gains of $67 million for the year ended December 31, 2021 related to the fair value of equipment that we received for the C-Band spectrum repack and reimbursements for spectrum repack costs, and gains of $90 million and $62 million for the years ended December 31, 2020 and 2019, respectively, related to reimbursements for spectrum repack costs. See Note 2. Acquisitions and Dispositions of Assets.

(c)Includes $111 million, $100 million, and $35 million of revenue for the years ended December 31, 2021, 2020, and 2019, respectively, for services provided by broadcast to local sports and other, which are eliminated in consolidation.