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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Media revenues $ 1,275 $ 1,497
Non-media revenues 13 14
Revenue 1,288 1,511
OPERATING EXPENSES:    
Media programming and production expenses 758 1,023
Media selling, general and administrative expenses 220 213
Amortization of program contract costs 25 23
Non-media expenses 13 17
Depreciation of property and equipment 28 28
Corporate general and administrative expenses 47 61
Amortization of definite-lived intangible and other assets 93 125
Gain on deconsolidation of subsidiary (3,357) 0
Gain on asset dispositions and other, net of impairment (5) (14)
Total operating (gains) expenses (2,178) 1,476
Operating income (loss) 3,466 35
OTHER INCOME (EXPENSE):    
Interest expense including amortization of debt discount and deferred financing costs (115) (151)
Income from equity method investments 12 9
Other (expense) income, net (60) 124
Total other expense, net (163) (18)
Income before income taxes 3,303 17
INCOME TAX (PROVISION) BENEFIT (687) 9
NET INCOME 2,616 26
Net income attributable to the redeemable noncontrolling interests (4) (4)
Net income attributable to the noncontrolling interests (25) (34)
NET INCOME (LOSS) ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 2,587 $ (12)
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:    
Basic earnings (loss) per share (in dollars per share) $ 35.85 $ (0.16)
Diluted earnings (loss) per share (in dollars per share) $ 35.84 $ (0.16)
Basic weighted average common shares outstanding (in shares) 72,164 74,389
Diluted weighted average common and common equivalent shares outstanding (in shares) 72,176 74,389