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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
May 01, 2019
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2018
Income Statement [Abstract]        
Revenue $ 1,073,471 $ 2,610,056 $ 2,948,218 $ 3,611,323
Operating expenses:        
Direct operating expenses (excludes depreciation and amortization) 381,184 878,956 1,163,148 1,132,439
Selling, general and administrative expenses (excludes depreciation and amortization) 427,230 897,670 1,225,097 1,350,157
Corporate expenses (excludes depreciation and amortization) 53,647 136,171 144,572 184,216
Depreciation and amortization 52,834 249,623 402,929 211,951
Impairment charges 91,382 0 1,738,752 33,150
Other operating expense, net 154 8,000 11,344 9,266
Operating income (loss) 67,040 439,636 (1,737,624) 690,144
Interest expense (income), net (499) 266,773 343,745 334,798
Loss on investments, net (10,237) (20,928) (9,346) (472)
Equity in earnings (loss) of nonconsolidated affiliates (66) (279) (379) 116
Other income (expense), net 23 (18,266) (7,751) (23,007)
Reorganization items, net 9,461,826 0 0 (356,119)
Income (loss) from continuing operations before income taxes 9,519,085 133,390 (2,098,845) (24,136)
Income tax benefit (expense) (39,095) (20,091) 183,623 (13,836)
Income (loss) from continuing operations 9,479,990 113,299 (1,915,222) (37,972)
Income (loss) from discontinued operations, net of tax 1,685,123 0 0 (164,667)
Net income (loss) 11,165,113 113,299 (1,915,222) (202,639)
Less amount attributable to noncontrolling interest (19,028) 751 (523) (729)
Net income (loss) attributable to the Company 11,184,141 112,548 (1,914,699) (201,910)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments (1,175) (750) 945 (15,924)
Other adjustments to comprehensive income (loss) 0 0 0 (1,498)
Reclassification adjustments 0 0 0 2,962
Other comprehensive income (loss) (1,175) (750) 945 (14,460)
Comprehensive income (loss) 11,182,966 111,798 (1,913,754) (216,370)
Less amount attributable to noncontrolling interest 2,784 0 0 (8,713)
Comprehensive income (loss) attributable to the Company $ 11,180,182 $ 111,798 $ (1,913,754) $ (207,657)
Basic net income (loss) per share        
From continuing operations - Basic (in dollars per share) $ 109.92 $ 0.77 $ (13.12) $ (0.44)
From discontinued operations - Basic (in dollars per share) 19.76 0 0 (1.93)
Basic net income (loss) per share (in dollars per share) $ 129.68 $ 0.77 $ (13.12) $ (2.36)
Weighted average common shares outstanding - Basic (in shares) 86,241 145,608 145,979 85,412
Diluted net income (loss) per share        
From continuing operations - Diluted (in dollars per share) $ 109.92 $ 0.77 $ (13.12) $ (0.44)
From discontinued operations - Diluted (in dollars per share) 19.76 0 0 (1.93)
Diluted net income (loss) per share (in dollars per share) $ 129.68 $ 0.77 $ (13.12) $ (2.36)
Weighted average common shares outstanding - Diluted (in shares) 86,241 145,795 145,979 85,412