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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Revenues $ 1,125 $ 766 $ 2,618 $ 2,162
OPERATING EXPENSES:        
Media programming and production expenses 560 304 1,215 894
Media selling, general and administrative expenses 185 155 510 452
Amortization of program contract costs and net realizable value adjustments 22 24 68 76
Non-media expenses 42 32 120 85
Depreciation of property and equipment 24 25 69 75
Corporate general and administrative expenses 237 34 317 89
Amortization of definite-lived intangible and other assets 96 45 183 131
Gain on asset dispositions and other, net of impairment (35) (11) (57) (37)
Total operating expenses 1,131 608 2,425 1,765
Operating (loss) income (6) 158 193 397
OTHER INCOME (EXPENSE):        
Interest expense and amortization of debt discount and deferred financing costs (129) (76) (237) (238)
Loss from equity method investments (12) (14) (38) (44)
Other income (expense), net 3 (6) 12 2
Total other expense, net (138) (96) (263) (280)
(Loss) income before income taxes (144) 62 (70) 117
INCOME TAX BENEFIT 95 3 88 21
NET (LOSS) INCOME (49) 65 18 138
Net income attributable to the redeemable noncontrolling interests (11) 0 (11) 0
Net income attributable to the noncontrolling interests 0 (1) (3) (3)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ (60) $ 64 $ 4 $ 135
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:        
Basic earnings per share (USD per share) $ (0.65) $ 0.63 $ 0.05 $ 1.32
Diluted earnings per share (USD per share) $ (0.64) $ 0.62 $ 0.05 $ 1.31
Weighted average common shares outstanding (shares) 92,086 102,083 92,050 102,069
Weighted average common and common equivalent shares outstanding (shares) 93,435 102,789 93,271 102,898
Media revenues        
REVENUES:        
Revenues $ 1,070 $ 730 $ 2,465 $ 2,070
Non-media revenues        
REVENUES:        
Revenues $ 55 $ 36 $ 153 $ 92