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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Continuing Operations by Reportable Segment


(In thousands)	Three Months Ended June 30, 2020
			National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	187,434		$	14,810		$	—		$	202,244
Distribution	308,416			146,170			(10,539)			444,047
Consolidated revenues, net	$	495,850		$	160,980		$	(10,539)		$	646,291
Operating income (loss)	$	187,532		$	(138,973)		$	243		$	48,802
Share-based compensation expense	12,366			2,869			—			15,235
Depreciation and amortization	8,822			17,083			—			25,905
Impairment charges	—			130,411			—			130,411
Restructuring and other related charges	1,214			2,293			—			3,507
Majority-owned equity investees AOI	—			1,418			—			1,418
Adjusted operating income	$	209,934		$	15,101		$	243		$	225,278


(In thousands)	Three Months Ended June 30, 2019
			National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	219,490		$	23,535		$	(49)		242,976
Distribution	385,249			155,991			(11,917)			529,323
Consolidated revenues, net	$	604,739		$	179,526		$	(11,966)		$	772,299
Operating income (loss)	$	214,198		$	(27,284)		$	(16,657)		170,257
Share-based compensation expense	13,821			2,904			—			16,725
Depreciation and amortization	8,179			17,714			—			25,893
Restructuring and other related charges	274			16,888			—			17,162

Majority-owned equity investees AOI	—			1,608			—			1,608
Adjusted operating income	$	236,472		$	11,830		$	(16,657)		$	231,645


(In thousands)	Six Months Ended June 30, 2020
			National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	400,660		$	34,174		$	(1)		$	434,833
Distribution	662,129			297,299			(13,595)			945,833
Consolidated revenues, net	$	1,062,789		$	331,473		$	(13,596)		$	1,380,666
Operating income (loss)	$	382,756		$	(158,424)		$	(2,560)		$	221,772
Share-based compensation expense	24,832			5,915			—			30,747
Depreciation and amortization	17,211			35,424			—			52,635
Impairment charges	—			130,411			—			130,411
Restructuring and other related charges	2,723			6,750			—			9,473
Majority-owned equity investees AOI	—			2,694			—			2,694
Adjusted operating income	$	427,522		$	22,770		$	(2,560)		$	447,732


(In thousands)	Six Months Ended June 30, 2019
			National Networks			International and Other			Inter-segment eliminations			Consolidated
Revenues, net
Advertising	$	458,579		$	44,741		$	(51)		$	503,269
Distribution	762,279			305,874			(14,902)			1,053,251
Consolidated revenues, net	$	1,220,858		$	350,615		$	(14,953)		$	1,556,520
Operating income (loss)	$	465,702		$	(41,031)		$	(9,551)		$	415,120
Share-based compensation expense	30,090			6,534			—			36,624
Depreciation and amortization	16,791			33,158			—			49,949
Restructuring and other related charges	576			19,923			(695)			19,804
Majority-owned equity investees AOI	—			3,188			—			3,188

Adjusted operating income	$	513,159		$	21,772		$	(10,246)		$	524,685

Summary of Inter-Segment Eliminations

Inter-segment eliminations are primarily licensing revenues recognized between the National Networks and International and Other segments as well as revenues recognized by AMC Networks Broadcasting & Technology for transmission revenues recognized from the International and Other operating segment.


(In thousands)	Three Months Ended June 30,									Six Months Ended June 30,
			2020			2019			2020			2019
Inter-segment revenues
National Networks	$	(8,111)		$	(10,260)		$	(10,180)		$	(11,650)
International and Other	(2,428)			(1,706)			(3,416)			(3,303)
	$	(10,539)		$	(11,966)		$	(13,596)		$	(14,953)

Schedule of Revenue by Geographic Area

The table below summarizes revenues based on customer location:


(In thousands)	Three Months Ended June 30,									Six Months Ended June 30,
			2020			2019			2020			2019
Revenues
United States	$	523,395		$	605,114		$	1,148,388		$	1,267,578
Europe	91,836			111,983			164,315			191,417
Other	31,060			55,202			67,963			97,525
	$	646,291		$	772,299		$	1,380,666		$	1,556,520

Schedule of Disclosure on Geographic Areas, Long-Lived Assets

The table below summarizes property and equipment based on asset location:


(In thousands)	June 30, 2020		December 31, 2019
Property and equipment, net
United States	$	246,786	$	244,175
Europe	12,911		25,925
Other	86		13,652
	$	259,783	$	283,752