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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company classifies its operations into two operating segments: Domestic Operations and International and Other. These operating segments represent strategic business units that are managed separately.
The Company evaluates segment performance based on several factors, of which the primary financial measure is operating segment adjusted operating income ("AOI"). The Company defines AOI as operating income (loss) before depreciation and amortization, cloud computing amortization, share-based compensation expenses or benefit, impairment and other charges (including gains or losses on sales or dispositions of businesses), restructuring and other related charges and including the Company’s proportionate share of adjusted operating income (loss) from majority-owned equity method investees. The Company has presented the components that reconcile adjusted operating income to operating income, and other information as to the continuing operations of the Company's operating segments below.
(In thousands)Three Months Ended March 31, 2022
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Subscription$343,748 $60,412 $— $404,160 
Content licensing and other$61,254 $27,054 $(3,237)85,071 
   Distribution and other405,002 87,466 (3,237)489,231 
   Advertising200,541 22,385 — 222,926 
Consolidated revenues, net$605,543 $109,851 $(3,237)$712,157 
Operating income (loss)$198,522 $17,355 $(41,200)$174,677 
Share-based compensation expenses3,673 754 3,702 8,129 
Depreciation and amortization12,136 4,903 5,551 22,590 
Cloud computing amortization— 900 907 
Majority-owned equity investees AOI4,881 — — 4,881 
Adjusted operating income (loss)$219,219 $23,012 $(31,047)$211,184 
(In thousands)Three Months Ended March 31, 2021
Domestic OperationsInternational
and Other
Corporate / Inter-segment
Eliminations
Consolidated
Revenues, net
Subscription$318,832 $63,028 $— $381,860 
Content licensing and other55,995 36,568 (3,395)89,168 
   Distribution and other374,827 $99,596 (3,395)$471,028 
   Advertising199,142 21,571 — 220,713 
Consolidated revenues, net$573,969 $121,167 $(3,395)$691,741 
Operating income (loss)$216,459 $(3,162)$(43,589)$169,708 
Share-based compensation expenses5,639 1,231 6,576 13,446 
Depreciation and amortization13,373 4,949 6,924 25,246 
Restructuring and other related charges2,427 4,490 1,708 8,625 
Impairment and other charges— 16,055 — 16,055 
Cloud computing amortization— — 264 264 
Majority-owned equity investees AOI4,635 — — 4,635 
Adjusted operating income (loss)$242,533 $23,563 $(28,117)$237,979 
Corporate overhead costs not allocated to the segments include such costs as executive salaries and benefits, costs of maintaining corporate headquarters, facilities and common support functions (such as human resources, legal, finance, strategic planning and information technology).
Inter-segment eliminations are primarily licensing revenues recognized between the Domestic Operations and International and Other segments as well as transmission revenues recognized by AMC Networks Broadcasting & Technology from the International and Other operating segment.
(In thousands)Three Months Ended March 31,
20222021
Inter-segment revenues
Domestic Operations$(3,002)$(670)
International and Other(235)(2,725)
$(3,237)$(3,395)

The table below summarizes revenues based on customer location:
(In thousands)Three Months Ended March 31,
20222021
Revenues
United States$591,208 $577,148 
Europe82,925 82,036 
Other38,024 32,557 
$712,157 $691,741 
The table below summarizes property and equipment based on asset location:
(In thousands)March 31, 2022December 31, 2021
Property and equipment, net
United States$206,410 $210,252 
Europe13,731 14,510 
Other1,153 1,029 
$221,294 $225,791