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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Media revenues $ 792 $ 766
Non-media revenues 6 7
Revenue 798 773
OPERATING EXPENSES:    
Media programming and production expenses 408 398
Media selling, general and administrative expenses 196 191
Amortization of program contract costs 19 22
Non-media expenses 12 12
Depreciation of property and equipment 25 24
Corporate general and administrative expenses 58 58
Amortization of definite-lived intangible assets 38 41
Loss on asset dispositions and other, net of impairment 0 6
Total operating expenses 756 752
Operating income 42 21
OTHER INCOME (EXPENSE):    
Interest expense including amortization of debt discount and deferred financing costs (76) (74)
Gain on extinguishment of debt 1 0
Income from equity method investments 14 31
Other income, net 40 11
Total other expense, net (21) (32)
Income (loss) before income taxes 21 (11)
INCOME TAX BENEFIT 4 204
NET INCOME 25 193
Net loss attributable to the redeemable noncontrolling interests 0 4
Net income attributable to the noncontrolling interests (2) (12)
NET INCOME ATTRIBUTABLE TO SINCLAIR $ 23 $ 185
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR:    
Basic earnings per share (in dollars per share) $ 0.35 $ 2.65
Diluted earnings per share (in dollars per share) $ 0.35 $ 2.64
Basic weighted average common shares outstanding (in shares) 64,156 69,744
Diluted weighted average common and common equivalent shares outstanding (in shares) 64,403 69,864