Webcast

Third Quarter 2020 Earnings Conference Call
Thursday, November 05, 2020
5:00 PM ET

Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Operating Revenue ($000)
Subscription Revenue 0 0 0 0 0
Advertising Revenue 109,365 273,575 297,815 536,034 258,514
Content Revenue 0 0 0 0 0
Other Operating Revenue 0 0 0 0 0
Operating Revenue, Net 109,365 273,575 297,815 536,034 258,514
Operating Expenses ($000)
Total Programming Expense 48,819 119,412 125,242 119,283 113,439
Other Cost of Revenue 13,794 36,757 45,096 45,338 9,536
Cost of Revenue 62,613 156,169 170,338 164,621 122,975
Operating SG&A Expense 36,712 82,032 78,400 77,053 71,341
Operating DD&A 8,385 16,648 16,273 16,411 15,342
Other Operating Expense 0 0 0 0 0
Total Operating Expenses 107,710 254,849 265,011 258,085 209,658
Net Operating Income 1,655 18,726 32,804 277,949 48,856
Reported Net Operating Income (36,667) (1,653) 33,577 277,861 48,856
Other Income/Expenses ($000)
Interest Income 1,186 4,271 5,448 774 300
Interest Expense 4,704 13,683 15,743 16,709 15,469
Interest Expense, Net of Interest Income 3,518 9,412 10,295 15,935 15,169
Partnership Income 0 (234) (1,374) (310) 0
Realized and Unrealized Gains on Securities 0 0 0 0 0
Gain on Sale of Assets NA NA 0 NA 0
Nonrecurring Loss on Early Retirement of Debt 0 255 550 3,306 161
Provision for Restructuring and Asset Writedowns 39,835 32,097 1,320 0 0
Other Non-Operating Income, Net 1,513 11,718 773 (88) 0
Other Income (41,840) (30,280) (12,766) (19,639) (15,330)
Net Income ($000)
Net Income before Taxes (40,185) (11,554) 20,038 258,310 33,526
Provision for Taxes (6,931) 8,158 7,877 82,612 13,121
Min Int & Oth after-tax Items 0 0 0 0 0
Net Income before Extra (33,254) (19,712) 12,161 175,698 20,405
Discontinued Operations 0 0 0 0 0
Change in Accounting Principles 0 0 0 0 0
Other Extraordinary Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income (33,254) (19,712) 12,161 175,698 20,405
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (33,254) (19,712) 12,161 175,698 20,405
Net Income for Basic EPS (33,254) (19,712) 12,161 175,698 20,405
Net Income for Diluted EPS (33,254) (19,712) 12,161 175,698 20,405
Per Share Information
Basic EPS before Extra($) (0.39) (0.23) 0.14 1.95 0.23
Basic EPS after Extra($) (0.39) (0.23) 0.14 1.95 0.23
Avg Basic Shares Out(actual) 84,220,649 85,107,301 89,115,997 90,272,257 89,340,589
Diluted EPS before Extra($) (0.39) (0.23) 0.13 1.91 0.22
Diluted EPS after Extraordinary($) (0.39) (0.23) 0.13 1.91 0.22
Avg Diluted Shares(actual) 84,220,649 85,107,301 90,328,583 91,891,957 91,303,056
Common Dividends Declared per Share($) 0.08 0.20 0.20 0.16 0.13
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.