Sinclair broadcast group, inc. (SBGI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

233,000

105,000

226,000

338,850

325,006

346,000

582,697

550,566

567,291

594,000

271,803

291,271

295,836

250,762

189,092

181,093

176,892

176,099

212,358

217,092

212,294

215,115

122,263

110,146

86,604

75,817

130,975

120,676

132,749

144,953

108,800

101,779

90,124

76,177

0

0

0

Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation of property and equipment

98,000

97,000

99,000

99,883

100,675

105,000

99,974

99,858

100,344

97,000

96,225

97,669

98,475

98,529

101,825

101,415

102,279

103,433

104,257

104,123

104,102

103,291

98,418

90,357

80,273

70,554

60,452

56,342

53,900

48,871

44,955

39,457

34,658

33,153

0

0

0

Amortization of definite-lived intangible and other assets

434,000

327,000

227,000

175,279

174,395

175,000

177,701

176,791

177,051

179,000

178,897

183,336

185,584

183,795

179,212

171,419

165,239

161,454

160,740

155,204

140,748

125,496

106,288

88,989

79,546

70,820

60,521

54,194

48,774

38,671

30,905

24,446

19,331

18,229

0

0

0

Impairment of goodwill, intangible and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Recognition of deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of program contract costs and net realizable value adjustments

89,000

90,000

93,000

95,361

98,050

101,000

104,038

107,745

111,931

116,000

119,120

123,514

125,439

127,880

131,327

128,727

127,688

124,619

120,506

119,287

113,079

106,629

100,316

90,729

85,841

80,925

74,442

69,907

66,688

61,943

58,209

56,542

53,741

52,079

0

0

0

Stock-based compensation

39,000

33,000

31,000

31,896

30,044

26,000

24,095

18,292

15,385

16,000

16,374

18,418

18,182

16,939

17,007

16,707

17,586

18,315

17,641

17,443

16,584

14,296

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

15,000

-5,000

-84,000

-26,844

-84,658

-103,000

-215,715

-223,960

-171,073

-159,000

-13,798

704

2,806

6,118

-2,192

-13,875

-19,440

-28,446

-43,655

-7,617

-3,420

-818

47,218

15,883

16,004

22,518

7,350

7,148

13,450

8,313

18,150

25,338

32,070

43,972

0

0

0

Gain on asset disposition and other, net of impairment

86,000

62,000

45,000

15,018

6,676

19,000

249,469

251,280

245,977

279,000

53,578

56,855

56,716

6,029

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investments

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of sports programming rights

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sports programming rights payments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from extinguishment of debt

0

-

-

-

0

-

-

-

-

-

-

-25,103

-25,103

-23,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities, net of acquisitions:
Decrease in accounts receivable

-88,000

-70,000

-74,000

28,543

47,504

37,000

92,167

18,676

17,039

42,000

-7,567

51,771

97,093

71,718

116,347

88,341

31,367

38,666

61,066

47,982

42,132

44,253

35,900

55,349

59,279

90,635

70,385

52,325

45,453

23,225

5,269

9,911

10,825

11,616

0

0

0

Decrease in income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Decrease (increase) in prepaid expenses and other current assets

-40,000

27,000

46,000

7,561

14,647

10,000

27,743

35,902

21,814

9,000

-2,118

-3,754

-12,425

969

-3,825

-9,664

11,935

3,474

288

9,327

50,684

2,215

1,350

364

-50,253

-8,295

910

861

3,168

8,360

20,395

17,996

19,463

10,449

0

0

0

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,248

25,980

321

1,247

0

0

0

Decrease in accounts payable and accrued and other current liabilities

112,000

334,000

180,000

-36,875

14,473

24,000

117,237

143,474

85,472

35,000

-4,437

17,773

-9,791

60,086

12,256

27,907

8,215

-15,902

-12,796

30,882

25,646

55,457

56,311

25,799

10,891

7,954

42,272

12,475

33,227

35,885

-2,125

393

7,867

8,878

0

0

0

Net change in net income taxes payable/receivable

-162,000

-127,000

-64,000

-30,096

49,759

49,000

18,571

34,231

-75,272

-43,000

5,654

-20,236

41,473

18,814

-10,831

-8,427

-16,729

3,203

-7,693

12,277

49,556

8,253

17,814

16,298

-16,895

-4,937

-17,285

-23,353

-18,725

-9,150

814

5,018

7,018

-780

0

0

0

(Decrease) increase in other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,293

-1,303

785

913

0

0

0

Decrease in program contracts payable

93,000

94,000

97,000

92,891

103,508

108,000

109,501

117,764

110,892

111,000

111,380

111,416

111,491

111,506

111,088

110,623

110,048

109,057

106,771

101,977

97,340

93,682

92,178

92,086

91,683

90,080

85,156

80,328

75,804

70,061

66,892

65,516

65,168

67,319

0

0

0

Real estate held for development and sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,683

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-75,000

-71,000

-54,000

-54,665

-46,351

-37,000

-32,207

-18,930

-23,099

-23,000

-20,922

-22,777

-16,387

-16,096

-27,209

-19,065

-17,092

-11,071

1,145

9,357

7,353

1,732

1,386

5,275

9,320

3,134

32,569

14,335

8,834

13,787

-24,588

-14,241

-15,995

-14,851

0

0

0

Net cash flows (used in) from operating activities

778,000

916,000

768,000

614,535

645,057

647,000

526,789

545,874

463,301

432,000

559,541

543,214

547,217

611,590

419,466

432,338

423,090

402,927

387,923

432,862

410,191

432,599

368,335

287,191

247,135

160,577

224,810

210,570

219,694

237,475

183,467

160,519

161,039

148,513

0

0

0

CASH FLOWS USED IN INVESTING ACTIVITIES:
Acquisition of property and equipment

173,000

156,000

123,000

114,327

111,781

105,000

106,537

102,761

85,445

84,000

81,327

78,186

89,388

94,465

87,546

94,145

93,624

91,421

95,783

101,933

93,199

81,458

72,763

52,809

47,813

43,388

42,605

42,679

44,732

43,986

39,198

33,652

36,486

35,835

0

0

0

Purchase of alarm monitoring contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

40,206

36,988

44,128

40,458

39,185

43,394

36,539

29,122

27,701

27,440

25,272

26,120

23,721

17,039

13,111

11,343

12,454

9,263

10,045

10,130

8,850

0

0

0

Investments in equity investees

-

-

-

-

-

-

-

-

-

-

39,325

50,094

34,453

51,247

35,871

28,749

61,644

44,715

43,214

39,746

8,895

8,104

8,520

13,532

11,163

10,767

28,081

21,706

20,307

24,052

8,339

9,031

9,016

11,577

0

0

0

Distributions from investments

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Spectrum repack reimbursements

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

271,000

269,600

30,882

48,998

425,657

427,353

440,115

401,520

17,011

0

0

0

-

-

-

-

-

-

-

-

1,135,348

0

0

0

-

-

-

-

Proceeds from sale of non-media business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,522

-1,620

33,633

-13,556

-58,501

22,653

3

38,503

53,445

0

0

0

Proceeds from the sale of assets

0

-

-

-

0

-

-

-

-

195,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

49,738

0

0

0

-

-

-

-

-

0

0

0

Distributions from equity investees

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

3,798

0

0

0

Proceeds from termination of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loans to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,500

19,500

19,500

19,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Purchases of investments

449,000

452,000

445,000

72,998

68,250

48,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from the sale of real estate investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other, net

-4,000

0

-5,000

-1,651

-5,143

-3,000

-3,414

-6,985

-2,265

6,000

19,256

22,881

13,114

2,441

12,192

8,630

6,687

4,378

-3,067

-8,403

-1,681

4,256

2,496

-2,154

-435

-909

0

0

0

-

-

-

0

-

-

-

-

Proceeds from loans to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Net cash flows used in investing activities

-9,506,000

-9,530,000

-9,508,000

-143,576

-144,050

-118,000

-124,648

-45,242

-65,109

114,000

99,647

22,291

3,267

-609,528

-581,305

-589,868

-578,034

-151,311

-378,027

-1,455,943

-1,423,303

-1,397,356

-1,641,361

-955,911

-1,038,265

-1,051,241

-1,096,763

-719,524

-963,266

-1,149,284

-663,977

-643,233

-304,984

-112,248

0

0

0

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable and commercial bank financing

10,829,000

9,956,000

0

0

0

-

-

-

-

166,000

179,641

580,446

589,151

1,024,912

1,014,718

625,589

973,871

382,887

818,711

1,762,849

1,502,701

1,500,720

2,140,968

1,218,673

2,183,050

2,278,293

1,830,363

1,854,465

1,163,901

1,247,255

631,091

573,916

207,882

151,733

0

0

0

Repayments of notes payable, commercial bank financing, and finance leases

1,245,000

1,236,000

728,000

133,477

161,050

167,000

175,691

180,909

72,528

340,000

338,761

696,032

697,631

674,439

674,030

314,242

631,322

395,147

671,451

922,130

601,423

582,764

798,092

539,150

1,403,533

1,509,760

1,081,596

1,137,736

268,450

179,356

111,142

59,221

112,262

150,447

0

0

0

Repurchase of outstanding Class A Common Stock

216,000

145,000

300,000

346,034

326,000

221,000

0

0

0

-

-

-

-

-

-

-

-

28,823

53,542

58,589

58,589

133,157

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options, including excess tax benefits of share based payments of $0.5 million and $0.2 million, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Dividends paid on Class A and Class B Common Stock

73,000

73,000

74,000

73,971

73,608

74,000

72,951

73,050

73,135

71,000

69,291

67,872

66,491

65,909

65,296

64,050

62,693

62,733

62,885

63,283

62,122

61,103

60,151

59,079

59,415

56,767

134,545

131,620

126,312

123,852

40,665

38,336

38,353

38,356

0

0

0

Proceeds from the sale of Class A Common Stock

-

-

-

-

-

-

-

-

-

488,000

487,883

487,883

487,883

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Class A Common Stock sold by variable interest entity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,808

0

0

0

Noncontrolling interests distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,184

-4,611

-4,495

-1,187

-10,256

-10,347

-10,394

-10,383

-1,142

-998

-830

-659

-610

0

0

0

Redemption of redeemable subsidiary preferred equity

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,707

9,482

7,784

4,720

5,483

0

0

0

Distributions to noncontrolling interests, net

0

-

-

-

0

-

-

-

-

-

-

-

-

10,464

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to redeemable noncontrolling interests

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of notes and capital leases to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,926

2,973

3,083

3,210

0

0

0

Other, net

-47,000

-39,000

3,000

2,454

4,296

3,000

6,357

160

15,588

0

-2,551

7,044

-8,512

2,113

6,646

-417

-3,933

-1,745

-11,373

-5,912

-2,909

3,413

6,630

1,246

969

1,204

0

0

0

-

-

-

-

-

-

-

-

Net cash flows from (used in) financing activities

9,095,000

8,887,000

9,115,000

-558,535

-564,362

-465,000

-294,453

-283,707

-180,047

190,000

149,038

126,586

124,661

104,425

146,995

196,678

238,625

-119,326

10,143

692,114

753,144

702,335

1,143,382

513,454

1,083,116

1,147,903

1,056,322

1,028,688

742,595

921,707

463,768

462,500

46,640

-45,272

0

0

0

NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

367,000

273,000

375,000

-87,576

-63,355

64,000

107,688

216,925

218,145

736,000

808,226

692,091

675,145

106,487

-14,844

39,148

83,681

132,290

20,039

-330,967

-259,968

-262,422

-129,644

-155,266

291,986

257,239

184,369

519,734

-977

9,898

-16,742

-20,214

-97,305

-9,007

0

0

0