XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 594,467 $ 565,077 $ 1,160,173 $ 1,105,998
Operating Expenses:        
Cost of revenues, excluding depreciation and amortization 308,510 268,683 606,344 533,078
Selling, general and administrative expenses, excluding depreciation and amortization 154,382 144,113 307,109 288,139
Acquisition and related integration costs 0 6,686 1,642 35,331
Restructuring costs 0 514 0 7,564
Depreciation 15,812 14,245 31,182 28,370
Amortization of intangible assets 25,207 26,506 49,582 51,888
Losses (gains), net on disposal of property and equipment 1,577 75 4,058 155
Total operating expenses 505,488 460,822 999,917 944,525
Operating income 88,979 104,255 160,256 161,473
Interest expense (36,011) (42,010) (72,510) (85,892)
Gain (loss) on extinguishment of debt 0 (13,775) 1,234 (13,775)
Defined benefit pension plan income 662 7 1,325 14
Gain on sale of Triton business 0 0 0 81,784
Losses on stock warrant 0 (31,874) 0 (99,118)
Miscellaneous, net 2,170 (2,707) 1,763 (7,558)
Income from continuing operations before income taxes 55,800 13,896 92,068 36,928
Provision for income taxes 14,060 12,683 27,963 32,212
Income from continuing operations, net of tax 41,740 1,213 64,105 4,716
Income from discontinued operations, net of tax 0 4,431 0 6,495
Net income 41,740 5,644 64,105 11,211
Preferred stock dividends (12,577) (12,576) (25,153) (24,219)
Net income (loss) attributable to the shareholders of The E.W. Scripps Company $ 29,163 $ (6,932) $ 38,952 $ (13,008)
Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:        
Income (loss) from continuing operations (in dollars per share) $ 0.34 $ (0.14) $ 0.46 $ (0.24)
Income from discontinued operations (in dollars per share) 0 0.05 0 0.08
Net income (loss) per basic share of common stock (in dollars per share) 0.34 (0.09) 0.46 (0.16)
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company:        
Income (loss) from continuing operations (in dollars per share) 0.32 (0.14) 0.42 (0.24)
Income from discontinued operations (in dollars per share) 0 0.05 0 0.08
Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ 0.32 $ (0.09) $ 0.42 $ (0.16)
Advertising        
Operating Revenues:        
Total operating revenues $ 414,147 $ 396,652 $ 812,628 $ 759,266
Retransmission and carriage        
Operating Revenues:        
Total operating revenues 170,304 156,421 326,124 312,918
Other        
Operating Revenues:        
Total operating revenues $ 10,016 $ 12,004 $ 21,421 $ 33,814