XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 577,627 $ 536,932 $ 1,261,816 $ 1,053,685
Operating expenses:        
Cost of revenues [1] 355,367 285,293 724,735 566,604
Business units - Selling, general and administrative expenses 85,008 73,941 177,976 145,406
Corporate - General and administrative expenses 28,312 15,836 50,026 30,571
Depreciation 16,711 14,533 33,611 29,450
Amortization of intangible assets 17,248 8,823 33,464 17,512
Spectrum repacking reimbursements and other, net (116) (4,306) (7,631) (11,319)
Total 502,530 394,120 1,012,181 778,224
Operating income 75,097 142,812 249,635 275,461
Non-operating income (expense):        
Equity income (loss) in unconsolidated investments, net 1,921 (615) 10,936 11,413
Interest expense (51,877) (46,327) (108,837) (92,712)
Other non-operating items, net 1,039 8,964 (18,231) 7,425
Total (48,917) (37,978) (116,132) (73,874)
Income before income taxes 26,180 104,834 133,503 201,587
Provision for income taxes 6,607 24,879 27,732 47,653
Net Income 19,573 79,955 105,771 153,934
Net loss attributable to redeemable noncontrolling interest 374 0 484 0
Net income attributable to TEGNA Inc. $ 19,947 $ 79,955 $ 106,255 $ 153,934
Net income per share:        
Basic (in dollars per share) $ 0.09 $ 0.37 $ 0.48 $ 0.71
Diluted (in dollars per share) $ 0.09 $ 0.37 $ 0.48 $ 0.71
Weighted average number of common shares outstanding:        
Basic shares (in shares) 219,128 217,089 218,703 216,900
Diluted shares (in shares) 219,426 217,905 219,144 217,555
[1] Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.