XML 21 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues:      
Total operating revenues $ 2,453,215 $ 2,283,532 $ 1,857,478
Operating Expenses:      
Cost of revenues, excluding depreciation and amortization 1,233,769 1,106,226 929,748
Selling, general and administrative expenses, excluding depreciation and amortization 623,161 595,105 497,748
Acquisition and related integration costs 1,642 40,373 18,678
Restructuring costs 0 9,436 0
Depreciation 61,943 58,357 50,416
Amortization of intangible assets 98,490 103,565 56,739
Losses (gains), net on disposal of property and equipment 5,866 (30,275) 661
Total operating expenses 2,024,871 1,882,787 1,553,990
Operating income 428,344 400,745 303,488
Interest expense (161,130) (165,164) (92,994)
Gain (loss) on extinguishment of debt 8,589 (15,347) 0
Defined benefit pension plan income (expense) 2,613 (343) (4,388)
Gain on sale of Triton business 0 81,784 0
Losses on stock warrant 0 (99,118) 0
Miscellaneous, net (1,953) (15,469) 2,914
Income from continuing operations before income taxes 276,463 187,088 209,020
Provision for income taxes 80,561 71,189 55,456
Income from continuing operations, net of tax 195,902 115,899 153,564
Income from discontinued operations, net of tax 0 6,813 115,769
Net income 195,902 122,712 269,333
Preferred stock dividends (50,305) (49,372) 0
Net income attributable to the shareholders of The E.W. Scripps Company $ 145,597 $ 73,340 $ 269,333
Net income per basic share of common stock attributable to the shareholders of The E.W. Scripps Company:      
Income from continuing operations (in dollars per share) $ 1.71 $ 0.79 $ 1.84
Income from discontinued operations (in dollars per share) 0 0.08 1.39
Net income per basic share of common stock (USD per share) 1.71 0.87 3.23
Net income per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company:      
Income from continuing operations (in dollars per share) 1.62 0.74 1.83
Income from discontinued operations (in dollars per share) 0 0.08 1.39
Net income per diluted share of common stock (USD per share) $ 1.62 $ 0.81 $ 3.21
Weighted average shares outstanding:      
Basic (in shares) 83,220 82,327 81,418
Diluted (in shares) 87,346 87,979 81,831
Advertising      
Operating Revenues:      
Total operating revenues $ 1,757,389 $ 1,614,814 $ 1,187,581
Distribution      
Operating Revenues:      
Total operating revenues 660,317 620,454 592,514
Other      
Operating Revenues:      
Total operating revenues $ 35,509 $ 48,264 $ 77,383