EW SCRIPPS Co
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
SSP$3.69+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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6. Consolidated Statements of Operations
| For the years ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2022 |
| Operating Revenues: | |||
| Advertising | $1,692,714 | $1,477,999 | $1,757,389 |
| Distribution | 784,573 | 779,217 | 660,317 |
| Other | 32,485 | 35,696 | 35,509 |
| Total operating revenues | 2,509,772 | 2,292,912 | 2,453,215 |
| Operating Expenses: | |||
| Cost of revenues, excluding depreciation and amortization | 1,320,774 | 1,283,324 | 1,233,769 |
| Selling, general and administrative expenses, excluding depreciation and amortization | 606,178 | 614,769 | 623,161 |
| Acquisition and related integration costs | — | — | 1,642 |
| Restructuring costs | 33,525 | 38,612 | — |
| Depreciation | 61,992 | 60,725 | 61,943 |
| Amortization of intangible assets | 93,236 | 94,380 | 98,490 |
| Impairment of goodwill | — | 952,000 | — |
| Losses (gains), net on disposal of property and equipment | (18,424) | 2,344 | 5,866 |
| Total operating expenses | 2,097,281 | 3,046,154 | 2,024,871 |
| Operating income (loss) | 412,491 | (753,242) | 428,344 |
| Interest expense | (210,344) | (213,512) | (161,130) |
| Gain on extinguishment of debt | — | — | 8,589 |
| Defined benefit pension plan income | 674 | 650 | 2,613 |
| Miscellaneous, net | 7,160 | (1,407) | (1,953) |
| Income (loss) from operations before income taxes | 209,981 | (967,511) | 276,463 |
| Provision (benefit) for income taxes | 63,763 | (19,727) | 80,561 |
| Net income (loss) | 146,218 | (947,784) | 195,902 |
| Preferred stock dividends | (58,615) | (50,305) | (50,305) |
| Net income (loss) attributable to the shareholders of The E.W. Scripps Company | $87,603 | $(998,089) | $145,597 |
| Net income (loss) per basic share of common stock attributable to the shareholders of The E.W. Scripps Company | $1.01 | $(11.84) | $1.71 |
| Net income (loss) per diluted share of common stock attributable to the shareholders of The E.W. Scripps Company | $1.01 | $(11.84) | $1.62 |
| Weighted average shares outstanding: | |||
| Basic | 85,738 | 84,266 | 83,220 |
| Diluted | 86,067 | 84,266 | 87,346 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.