SINCLAIR BROADCAST GROUP, INC. SBGI Balance Sheet

Sinclair broadcast group, inc. (SBGI)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
1,342	1,333	1,399	929	975	1,060	1,022	1,014	810	681	602	796	815	259	104	103	141	149	119	64	57	17	99	395	317	280	228	550	25	22	44	31	26	12	61	50	21
Restricted cash, current
-	-	-	-	-	-	0	0	226	313	312	2	3	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5
Accounts receivable, net of allowance for doubtful accounts of $5 and $8, respectively
1,100	1,132	1,137	589	581	599	609	566	538	566	523	537	510	513	519	489	417	424	387	384	368	383	327	300	285	308	250	210	196	183	151	159	136	132	114	118	121
Affiliate receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	1	0	0	0	0	0	0	0	0
Current portion of program contract costs
-	-	80	21	42	64	87	19	42	71	97	28	55	83	110	36	62	91	120	44	66	88	107	35	53	74	82	29	39	56	61	23	32	38	48	17	37
Income taxes receivable
137	103	50	8	-	0	0	0	27	28	5	11	5	5	9	0	0	0	0	0	-	3	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Prepaid sports rights
338	113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
152	232	237	86	84	61	70	78	68	54	37	36	41	41	37	38	52	26	35	41	33	27	32	25	25	30	14	11	9	7	9	8	18	17	8	8	6
Deferred barter costs
-	-	-	-	-	-	-	-	-	-	11	10	10	-	8	9	9	7	9	8	7	5	6	6	5	3	5	4	4	3	3	3	2	2	3	3	3
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	97	-	5	-	15	30	14	-	-	-	-	37	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	3	4	4	9	9	9
Total current assets
3,069	2,913	2,903	1,635	1,683	1,784	1,790	1,678	1,714	1,714	1,589	1,422	1,440	905	790	678	682	701	672	543	533	526	573	763	785	697	587	806	292	304	289	230	222	209	245	246	204
Assets held for sale
-	-	-	-	-	-	5	149	152	-	-	-	-	-	-	-	-	-	-	1	1	-	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Program contract costs, less current portion
-	-	6	7	9	11	13	1	2	3	4	5	7	8	12	10	14	18	23	24	30	38	42	17	20	24	30	10	11	12	14	11	13	15	19	6	8
Property and equipment, net
786	765	740	699	687	683	674	666	654	738	724	705	712	717	713	727	723	717	746	741	742	752	712	636	574	596	513	454	431	439	365	372	314	281	276	277	272
Operating lease assets
226	223	222	192	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash, less current portion
-	-	-	-	-	-	1	1	1	1	1	1	1	0	0	0	3	3	-	1	-	0	104	12	12	11	41	33	25	0	42	0	38	58	20	0	0
Goodwill
4,716	4,716	4,048	2,123	2,123	2,124	2,125	2,022	2,021	2,124	2,113	2,002	1,998	1,990	1,989	2,017	2,081	1,931	1,951	1,951	1,951	1,964	1,820	1,341	1,336	1,380	1,297	1,105	1,067	1,074	908	912	728	660	660	659	660
Indefinite-lived intangible assets
158	158	158	158	158	158	158	156	156	159	168	160	157	156	153	157	167	132	133	130	130	135	125	120	97	101	98	87	85	85	70	70	58	47	47	47	47
Definite-lived intangible assets, net
7,814	7,977	9,104	1,540	1,584	1,627	1,670	1,686	1,729	1,801	1,841	1,725	1,757	1,944	1,983	1,975	1,861	1,751	1,763	1,792	1,822	1,818	1,652	1,081	1,077	1,127	819	656	624	623	379	391	266	175	178	143	184
Notes receivable from affiliates
-	-	-	-	-	-	-	-	-	-	19	19	19	19	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
591	618	598	195	194	185	188	218	229	241	223	246	223	220	224	212	212	175	189	192	204	175	222	208	205	208	229	188	195	189	174	170	129	123	117	116	108
Total assets
17,360	17,370	17,779	6,553	6,634	6,572	6,627	6,581	6,663	6,784	6,687	6,289	6,317	5,963	5,866	5,779	5,747	5,432	5,480	5,380	5,417	5,410	5,294	4,181	4,110	4,147	3,617	3,343	2,734	2,729	2,245	2,160	1,771	1,571	1,563	1,497	1,485
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS, AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities
526	782	630	424	376	330	428	455	356	370	290	290	245	328	291	271	261	251	6	17	7	260	18	9	8	13	14	9	9	10	6	7	4	8	2	3	5
Current portion of notes payable, finance leases, and commercial bank financing
71	71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred spectrum auction proceeds
-	-	-	-	-	-	0	0	0	84	310	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265	218	237	-	263	187	225	182	200	128	167	143	147	115	101	79	88	70	68
Income taxes payable
-	-	0	0	24	23	14	21	2	2	1	0	56	23	-	8	9	0	3	18	26	-	10	19	19	2	1	2	8	9	6	9	10	-	4	3	0
Debt, Current
-	-	71	25	42	43	43	44	154	161	164	168	64	171	165	175	168	164	67	61	58	113	43	56	52	46	16	19	46	47	44	42	36	38	26	24	19
Current portion of operating lease liabilities
41	38	38	22	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of program contracts payable
69	88	107	53	73	93	114	46	77	108	130	65	87	109	131	63	85	108	130	62	83	104	118	50	69	90	99	53	66	88	91	50	59	63	71	41	68
Other current liabilities
133	155	247	-	-	84	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of notes payable and capital leases payable to affiliates
-	-	-	-	-	-	-	-	-	-	2	2	2	3	3	3	3	3	3	2	2	2	2	2	2	2	2	2	2	1	3	3	3	3	2	2	3
Deferred barter revenues
-	-	-	-	-	-	-	-	-	-	10	10	10	-	8	9	9	8	8	8	7	5	6	6	5	3	5	4	4	3	3	3	2	1	2	3	2
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	6	6	-	0	4	4	1	0	6	4	0	-	-	-	-	-	-	-
Total current liabilities
840	1,134	1,093	526	539	573	600	568	591	726	911	537	467	636	599	531	537	535	491	396	431	487	463	336	397	343	340	226	311	307	303	231	218	195	199	177	167
Notes payable, finance leases, and commercial bank financing, less current portion
13,231	12,367	12,392	3,762	3,840	3,850	3,858	3,864	3,875	3,887	3,876	3,884	4,002	4,014	4,022	3,984	3,998	3,669	3,804	3,808	3,831	3,754	3,725	3,038	2,954	2,966	2,436	2,407	2,201	2,210	1,664	1,667	1,312	1,148	1,156	1,141	1,169
Liabilities held for sale
-	-	-	-	-	-	4	11	12	-	-	-	-	-	-	-	-	-	-	0	-	-	4	-	10	-	-	-	1	2	0	-	-	-	-	27	-
Operating lease liabilities, less current portion
216	217	213	194	193	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Program contracts payable, less current portion
35	39	43	40	45	50	54	33	37	41	46	42	48	53	57	45	51	56	60	49	55	60	63	28	29	34	38	14	15	16	19	21	23	27	33	22	29
Notes payable and capital leases to affiliates, less current portion
-	-	-	-	-	-	-	-	-	-	12	13	14	14	15	15	16	17	15	16	17	16	16	17	18	18	19	20	20	13	14	14	15	16	17	18	19
Deferred tax liabilities
429	407	361	415	414	413	444	441	498	515	661	601	605	609	612	587	551	585	583	584	591	608	592	321	300	311	302	241	229	233	245	243	241	247	235	226	210
Other long-term liabilities
431	434	640	84	80	86	78	77	77	79	70	86	82	76	71	72	71	68	72	78	78	77	73	68	66	67	63	47	53	48	50	47	46	47	46	46	45
Total liabilities
15,182	14,598	14,742	5,024	5,115	4,972	5,041	4,996	5,091	5,250	5,578	5,164	5,220	5,405	5,379	5,236	5,227	4,932	5,029	4,934	5,005	5,004	4,939	3,811	3,767	3,741	3,201	2,957	2,831	2,829	2,297	2,226	1,858	1,682	1,689	1,632	1,643
Commitments and contingencies (See Note 5)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
Redeemable noncontrolling interests
522	1,078	1,362	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' equity:
Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	0	-	-	-
Additional paid-in capital
864	1,011	1,028	1,024	1,038	1,121	1,293	1,336	1,332	1,320	1,318	1,346	1,343	843	876	964	973	962	961	981	979	979	1,001	1,021	1,018	1,094	1,097	1,088	608	600	622	621	620	617	617	617	609
Retained earnings
596	492	467	544	520	518	330	285	275	248	-176	-188	-214	-255	-360	-394	-426	-437	-479	-507	-537	-545	-625	-657	-684	-696	-684	-705	-708	-713	-680	-694	-714	-734	-747	-757	-771
Accumulated other comprehensive loss
-2	-2	-1	-0	-0	-1	-1	-1	-1	-1	-0	-0	-0	-0	-0	-0	-0	-0	-6	-6	-6	-6	-2	-1	-2	-2	-5	-5	-5	-4	-4	-4	-4	-4	-3	-3	-3
Total Sinclair Broadcast Group shareholders’ equity
1,459	1,502	1,495	1,569	1,559	1,639	1,623	1,621	1,607	1,568	1,141	1,158	1,129	587	516	570	547	525	476	469	437	427	374	362	332	396	408	378	-104	-116	-61	-76	-97	-121	-133	-143	-165
Noncontrolling interests
197	192	180	-40	-40	-39	-37	-35	-36	-34	-33	-33	-32	-30	-29	-27	-27	-26	-25	-22	-24	-22	-20	7	9	9	7	7	7	16	9	10	10	9	7	7	8
Total equity
1,656	1,694	1,675	1,528	1,519	1,600	1,585	1,585	1,571	1,534	1,108	1,124	1,096	557	486	542	519	499	451	446	412	405	354	370	342	405	416	386	-97	-100	-52	-66	-87	-111	-125	-135	-157
Total liabilities, redeemable noncontrolling interests, and equity
17,360	17,370	17,779	6,553	6,634	6,572	6,627	6,581	6,663	6,784	6,687	6,289	6,317	5,963	5,866	5,779	5,747	5,432	5,480	5,380	5,417	5,410	5,294	4,181	4,110	4,147	3,617	3,343	2,734	2,729	2,245	2,160	1,771	1,571	1,563	1,497	1,485
Total assets of variable interest entities
-	-	299	121	124	127	121	114	122	130	260	134	130	142	151	-	-	152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities of variable interest entities
-	-	26	15	17	22	22	15	23	27	160	29	34	40	41	-	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated VIEs
Cash and cash equivalents
17	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for doubtful accounts of $5 and $8, respectively
34	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
30	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
81	94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment, net
17	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets
7	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Definite-lived intangible assets, net
87	93	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
212	228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
20	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable, finance leases, and commercial bank financing, less current portion
14	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities, less current portion
6	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Program contracts payable, less current portion
6	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
47	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer relationships, net
Definite-lived intangible assets, net
5,853	5,979	-	-	-	772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other definite-lived intangible assets, net
Definite-lived intangible assets, net
1,961	1,998	-	-	-	855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock
Common Stock
1	1	1	0	0	1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Common Stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-