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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment


(In thousands)	Year Ended December 31, 2020
	National Networks		International and Other		Inter-segment eliminations		Consolidated
Revenues, net
Advertising	$	802,332	$	74,338	$	(854)	$	875,816
Distribution and other	1,293,837		672,189		(26,886)		1,939,140
Consolidated revenues, net	$	2,096,169	$	746,527	$	(27,740)	$	2,814,956
Operating income (loss)	$	656,425	$	(224,228)	$	10,447	$	442,644
Share-based compensation expense	42,536		10,372		—		52,908
Depreciation and amortization	40,539		64,067		—		104,606
Impairment charges	—		122,227		—		122,227
Restructuring and other related charges	20,553		14,515		—		35,068
Cloud computing amortization	—		200		—		200
Majority-owned equity investees AOI	—		8,958		—		8,958
Adjusted operating income	$	760,053	$	(3,889)	$	10,447	$	766,611
Capital expenditures	$	11,007	$	35,588	$	—	$	46,595


(In thousands)	Year Ended December 31, 2019
	National Networks		International and Other		Inter-segment eliminations		Consolidated
Revenues, net
Advertising	$	904,253	$	89,659	$	(79)	$	993,833
Distribution and other	1,464,791		644,484		(42,787)		2,066,488
Consolidated revenues, net	$	2,369,044	$	734,143	$	(42,866)	$	3,060,321
Operating income (loss)	$	804,422	$	(170,039)	$	(9,106)	$	625,277
Share-based compensation expense	52,977		11,156		—		64,133
Depreciation and amortization	32,674		68,424		—		101,098
Impairment charges	—		106,603		—		106,603
Restructuring and other related charges	13,453		28,084		(623)		40,914
Majority-owned equity investees AOI	—		5,965		—		5,965
Adjusted operating income	$	903,526	$	50,193	$	(9,729)	$	943,990
Capital expenditures	$	36,199	$	55,405	$	—	$	91,604


(In thousands)	Year Ended December 31, 2018
	National Networks		International and Other		Inter-segment eliminations		Consolidated
Revenues, net
Advertising	$	944,675	$	91,404	$	—	$	1,036,079
Distribution and other	1,468,650		506,902		(39,702)		1,935,850
Consolidated revenues, net	$	2,413,325	$	598,306	$	(39,702)	$	2,971,929
Operating income (loss)	$	825,770	$	(93,326)	$	(5,535)	$	726,909
Share-based compensation expense	48,621		12,358		—		60,979
Depreciation and amortization	33,728		57,553		—		91,281
Impairment charges	—		4,486		—		4,486
Restructuring and other related charges	17,160		35,189		(6,502)		45,847
Majority-owned equity investees AOI	—		3,043		—		3,043
Adjusted operating income	$	925,279	$	19,303	$	(12,037)	$	932,545
Capital expenditures	$	16,316	$	73,486	$	—	$	89,802

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)	Years Ended December 31,
	2020		2019		2018
Inter-segment revenues
National Networks	$	(22,617)	$	(32,762)	$	(33,600)
International and Other	(5,123)		(10,104)		(6,102)
	$	(27,740)	$	(42,866)	$	(39,702)

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The table below summarizes revenue based on customer location:


	Years Ended December 31,
(In thousands)	2020		2019		2018
Revenue
United States	$	2,267,754	$	2,511,686	$	2,389,624
Europe	385,787		382,888		394,235
Other	161,415		165,747		188,070
	$	2,814,956	$	3,060,321	$	2,971,929

Long-lived Assets by Geographic Areas

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


	Years Ended December 31,
(In thousands)	2020		2019
Property and equipment, net
United States	$	239,387	$	244,175
Europe	15,938		25,925
Other	720		13,652
	$	256,045	$	283,752