Interim Financial Information (Unaudited)

The following is a summary of the Company's selected quarterly financial data for the years ended December 31, 2017 and 2016:



(In thousands)	For the three months ended,
2017:	March 31, 2017			June 30, 2017			September 30, 2017			December 31, 2017			2017
Revenues, net	$	720,189		$	710,545		$	648,023		$	726,934		$	2,805,691
Operating expenses	(488,518		)	(534,755		)	(494,669		)	(565,390		)	(2,083,332		)
Operating income	$	231,671		$	175,790		$	153,354		$	161,544		$	722,359
Net income including noncontrolling interests	$	142,631		$	107,626		$	90,836		$	148,544		$	489,637
Net income attributable to AMC Networks' stockholders	$	136,217		$	102,598		$	87,002		$	145,499		$	471,316

Net income per share attributable to AMC Networks' stockholders:
Basic	$	2.00		$	1.55		$	1.37		$	2.36		$	7.26
Diluted	$	1.98		$	1.54		$	1.35		$	2.33		$	7.18



(In thousands)	For the three months ended,
2016:	March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016			2016
Revenues, net	$	706,579		$	684,832		$	634,646		$	729,597		$	2,755,654
Operating expenses	(447,920		)	(506,800		)	(517,509		)	(625,869		)	(2,098,098		)
Operating income	$	258,659		$	178,032		$	117,137		$	103,728		$	657,556
Net income including noncontrolling interests	$	120,064		$	83,387		$	67,469		$	19,043		$	289,963
Net income attributable to AMC Networks' stockholders	$	113,444		$	77,175		$	65,393		$	14,498		$	270,510

Net income per share attributable to AMC Networks' stockholders:
Basic	$	1.56		$	1.06		$	0.91		$	0.21		$	3.77
Diluted	$	1.55		$	1.05		$	0.91		$	0.20		$	3.74

The results for the fourth quarter of 2017 were impacted by the enactment of the Tax Cuts and Jobs Act. Specifically, the Company recorded a tax benefit of $56.9 million which represents the one-time impact of the change in the corporate tax rate on deferred tax assets and liabilities, partially offset by the one-time transition tax liability, net of foreign taxes deemed paid.