XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Total operating revenues $ 573,629 $ 582,836 $ 1,135,093 $ 1,110,614
Operating Expenses:        
Cost of revenues, excluding depreciation and amortization 327,107 316,824 655,640 625,284
Selling, general and administrative expenses, excluding depreciation and amortization 151,532 154,262 297,225 301,148
Restructuring costs 973 7,992 5,988 24,503
Depreciation 15,150 15,137 30,270 30,190
Amortization of intangible assets 23,318 23,491 46,886 46,981
Impairment of goodwill 0 686,000 0 686,000
Losses (gains), net on disposal of property and equipment (157) 358 (10) 1,254
Total operating expenses 517,923 1,204,064 1,035,999 1,715,360
Operating income (loss) 55,706 (621,228) 99,094 (604,746)
Interest expense (52,123) (52,275) (107,040) (101,113)
Defined benefit pension plan income 177 134 354 268
Miscellaneous, net (419) (675) 16,402 (1,178)
Income (loss) from operations before income taxes 3,341 (674,044) 8,810 (706,769)
Provision (benefit) for income taxes 1,912 (4,215) 5,755 (18,400)
Net income (loss) 1,429 (669,829) 3,055 (688,369)
Preferred stock dividends (14,432) (12,577) (28,809) (25,153)
Net loss attributable to the shareholders of The E.W. Scripps Company $ (13,003) $ (682,406) $ (25,754) $ (713,522)
Net loss per basic share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (0.15) $ (8.10) $ (0.30) $ (8.49)
Net loss per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company (in dollars per share) $ (0.15) $ (8.10) $ (0.30) $ (8.49)
Advertising        
Operating Revenues:        
Total operating revenues $ 365,981 $ 371,103 $ 715,739 $ 723,202
Distribution        
Operating Revenues:        
Total operating revenues 199,599 200,902 402,159 367,461
Other        
Operating Revenues:        
Total operating revenues $ 8,049 $ 10,831 $ 17,195 $ 19,951