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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 731,506 $ 784,881 $ 1,471,833 $ 1,559,004
Operating expenses:        
Cost of revenues [1] 430,528 420,235 857,460 831,685
Business units - Selling, general and administrative expenses 97,231 99,585 196,340 201,554
Corporate - General and administrative expenses 26,506 13,612 38,606 34,932
Depreciation 14,987 15,534 30,036 30,839
Amortization of intangible assets 13,296 14,999 26,878 29,999
Asset impairment and other 3,359 (105) 3,359 (163)
Merger termination fee (136,000) 0 (136,000) 0
Total 449,907 563,860 1,016,679 1,128,846
Operating income 281,599 221,021 455,154 430,158
Non-operating (expense) income:        
Equity loss in unconsolidated investments, net (283) (236) (520) (4,047)
Interest expense (42,797) (42,950) (85,703) (86,570)
Other non-operating items, net 5,781 (1,865) 11,192 15,454
Total (37,299) (45,051) (75,031) (75,163)
Income before income taxes 244,300 175,970 380,123 354,995
Provision for income taxes 44,207 44,030 76,026 88,768
Net Income 200,093 131,940 304,097 266,227
Net loss (income) attributable to redeemable noncontrolling interest 12 (371) 311 (424)
Net income attributable to TEGNA Inc. $ 200,105 $ 131,569 $ 304,408 $ 265,803
Earnings per share:        
Basic (in dollars per share) $ 0.92 $ 0.59 $ 1.37 $ 1.19
Diluted (in dollars per share) $ 0.92 $ 0.59 $ 1.37 $ 1.19
Weighted average number of common shares outstanding:        
Basic shares (in shares) 217,830 223,675 221,168 223,197
Diluted shares (in shares) 217,979 224,489 221,391 223,867
[1] 1 Cost of revenues exclude charges for depreciation and amortization expense, which are shown separately above.