Sinclair broadcast group, inc. (SBGI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
REVENUES:
Station broadcast revenues, net of agency commissions

-

-

-

-

-

-

-

920,593

648,002

655,836

555,110

Revenues realized from station barter arrangements

-

-

-

-

111,337

122,262

88,680

86,905

72,773

75,210

58,182

Other operating divisions revenues

-

-

-

-

-

-

-

54,181

44,513

36,598

43,698

Revenues

4,240,000

3,055,000

2,636,000

2,622,510

2,219,136

1,976,558

1,363,131

1,061,679

765,288

767,644

656,990

OPERATING EXPENSES:
Media Programming And Production Expenses

2,073,000

1,191,000

1,064,000

955,604

733,199

578,687

386,646

255,556

178,612

154,133

142,415

Media selling, general and administrative expenses

732,000

630,000

534,000

501,589

431,728

372,220

251,294

171,279

123,938

127,091

122,833

Expenses recognized from station barter arrangements

-

-

-

-

93,204

107,716

77,349

79,834

65,742

67,083

48,119

Amortization of program contract costs and net realizable value adjustments

90,000

101,000

116,000

127,880

124,619

106,629

80,925

60,990

52,079

60,862

73,087

Non-media expenses

156,000

122,000

75,000

84,733

71,803

55,615

45,005

-

-

-

-

Other operating divisions expenses

-

-

-

-

-

-

-

46,179

39,486

30,916

45,520

Depreciation of property and equipment

97,000

105,000

97,000

98,529

103,433

103,291

70,554

47,073

32,874

36,307

42,892

Corporate general and administrative expenses

387,000

111,000

113,000

73,556

64,246

62,495

53,126

33,391

28,310

26,800

25,632

Amortization of definite-lived intangible and other assets

327,000

175,000

179,000

183,795

161,454

125,496

70,820

38,099

18,229

18,834

22,355

Gain on asset dispositions and other, net of impairment

92,000

40,000

279,000

6,029

-278

37,160

-3,392

7

18

-

-

Research and development expenses

-

-

-

-

12,436

6,918

0

-

-

-

-

Gain on asset exchange

-

-

-

-

-

-

-

-

-

-

4,945

Impairment of goodwill, intangible and other assets

-

-

-

-

-

-

-

-

398

4,803

249,799

Total operating expenses

3,770,000

2,395,000

1,899,000

2,019,657

1,796,400

1,481,907

1,039,111

732,394

539,650

526,829

767,707

Operating income

470,000

660,000

737,000

602,853

422,736

494,651

324,020

329,285

225,638

240,815

-110,717

OTHER INCOME (EXPENSE):
Interest Expense

422,000

292,000

212,000

211,143

191,447

174,862

162,937

128,553

106,128

116,046

80,021

Loss from equity investments

-

-

-

-

964

2,313

621

9,670

3,269

-4,861

354

Gain (Loss) on Extinguishment of Debt

-10,000

0

-1,000

-23,699

0

-14,553

-58,421

-335

-4,847

-6,266

18,465

Income (Loss) from Equity Method Investments

-35,000

-61,000

-14,000

906

-

-

-

-

-

-

-

Gain on insurance settlement

-

-

-

-

-

-

-

-

1,742

344

11

Other (expense) income, net

6,000

3,000

9,000

3,973

1,540

4,998

2,225

2,273

1,699

1,865

1,448

Total other expense, net

-461,000

-350,000

-218,000

-229,963

-188,943

-182,104

-218,512

-116,945

-104,265

-124,964

-59,743

Income before income tax

9,000

310,000

519,000

372,890

233,793

312,547

105,508

212,340

121,373

115,851

-170,460

Income Tax Expense (Benefit)

-96,000

-36,000

-75,000

122,128

57,694

97,432

41,249

67,852

44,785

40,226

-32,512

Income from continuing operations

-

-

-

-

-

215,115

64,259

144,488

76,588

75,625

-137,948

Income from discontinued operations

-

-

-

-

-

0

11,558

465

-411

-577

-81

NET INCOME

105,000

346,000

594,000

250,762

176,099

215,115

75,817

144,953

76,177

75,048

-138,029

Net income attributable to the redeemable noncontrolling interests

48,000

0

0

-

-

-

-

-

-

-

-

Net income attributable to the noncontrolling interests

10,000

5,000

18,000

5,461

4,575

2,836

2,349

287

379

-1,100

-2,335

Net Income (Loss) Available to Common Stockholders, Basic

47,000

341,000

576,000

245,301

171,524

212,279

73,468

144,666

75,798

76,148

-135,694

Dividends declared per share (USD per share)

-

-

-

-

0.66

0.63

0.60

1.54

0.48

0.43

-

Earnings Per Share [Abstract]
Basic earnings per share from continuing operations (in dollars per share)

-

-

-

-

-

2.19

0.66

1.78

0.95

0.96

-1.70

Basic earnings per share (USD per share)

0.52

3.38

5.77

2.62

1.81

2.19

0.79

1.79

0.94

0.95

-1.70

Diluted earnings per share from continuing operations (in dollars per share)

-

-

-

-

-

2.17

0.66

1.78

0.95

0.95

-1.70

Diluted earnings per share (USD per share)

0.51

3.35

5.72

2.60

1.79

2.17

0.78

1.78

0.94

0.94

-1.70

Weighted average common shares outstanding (shares)

92,015

100,913

99,844

93,567

95,003

97,114

93,207

81,020

80,217

80,245

79,981

Weighted Average Number of Shares Outstanding, Diluted

93,185

101,718

100,789

94,433

95,728

97,819

93,845

81,310

80,532

83,606

79,981

AMOUNTS ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP COMMON SHAREHOLDERS:
Income from continuing operations, net of tax

-

-

-

-

-

212,279

61,910

144,201

76,209

76,725

-135,613

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

0

11,558

465

-411

-577

-81

NET INCOME ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP

47,000

341,000

576,000

245,301

171,524

212,279

73,468

144,666

75,798

76,148

-135,694

Media revenues
Revenues

4,046,000

2,919,000

2,567,000

2,520,676

2,011,946

1,784,641

1,219,091

-

-

-

-

Non-media revenues
Revenues

194,000

136,000

69,000

101,834

95,853

69,655

55,360

-

-

-

-