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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 732,908 $ 577,627 $ 1,459,959 $ 1,261,816
Operating expenses:        
Cost of revenues [1] 397,118 355,367 791,810 724,735
Business units - Selling, general and administrative expenses 96,949 85,008 186,275 177,976
Corporate - General and administrative expenses 23,183 28,312 40,053 50,026
Depreciation 15,838 16,711 31,734 33,611
Amortization of intangible assets 15,773 17,248 31,533 33,464
Spectrum repacking reimbursements and other, net (1,475) (116) (2,898) (7,631)
Total 547,386 502,530 1,078,507 1,012,181
Operating income 185,522 75,097 381,452 249,635
Non-operating income (expense):        
Equity (loss) income in unconsolidated investments, net (2,597) 1,921 (3,926) 10,936
Interest expense (46,609) (51,877) (93,094) (108,837)
Other non-operating items, net 1,524 1,039 1,854 (18,231)
Total (47,682) (48,917) (95,166) (116,132)
Income before income taxes 137,840 26,180 286,286 133,503
Provision for income taxes 30,986 6,607 66,600 27,732
Net Income 106,854 19,573 219,686 105,771
Net (income) loss attributable to the noncontrolling interest (227) 374 (442) 484
Net income attributable to TEGNA Inc. $ 106,627 $ 19,947 $ 219,244 $ 106,255
Net income per share:        
Basic (in dollars per share) $ 0.48 $ 0.09 $ 0.99 $ 0.48
Diluted (in dollars per share) $ 0.48 $ 0.09 $ 0.99 $ 0.48
Weighted average number of common shares outstanding:        
Basic shares (in shares) 221,522 219,128 221,064 218,703
Diluted shares (in shares) 222,506 219,426 221,855 219,144
[1] Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.