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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 319 $ (279) $ 2,701
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Amortization of sports programming rights 0 0 326
Amortization of definite-lived intangible and other assets 149 166 221
Depreciation of property and equipment 101 105 100
Amortization of program costs 74 80 90
Equity-based compensation 51 45 50
Deferred tax provision (benefit) 82 (358) 906
Gain on asset dispositions and other, net of impairment (16) 3 (11)
Loss (gain) on deconsolidation of subsidiary 0 10 (3,357)
Income from equity method investments (118) (29) (56)
(Income) loss from investments 7 91 133
Distributions from investments 31 32 87
Sports programming rights payments 0 0 (325)
Rebate payments to distributors 0 0 (15)
Gain on extinguishment of debt (1) (15) (3)
Changes in assets and liabilities, net of acquisitions, deconsolidation of subsidiary, and asset transfer to Ventures:      
(Increase) decrease in accounts receivable (28) (8) 20
Decrease (increase) in prepaid expenses and other current assets 33 (32) (96)
(Decrease) increase in accounts payable and accrued and other current liabilities (495) 512 (14)
Net change in current and long-term net income taxes payable/receivable (11) (3) 147
Decrease in program contracts payable (80) (88) (103)
Other, net 0 3 (2)
Net cash flows from operating activities 98 235 799
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:      
Acquisition of property and equipment (84) (92) (105)
Deconsolidation of subsidiary cash 0 0 (315)
Purchases of investments (50) (72) (75)
Distributions and proceeds from investments 203 206 99
Other, net 8 10 15
Net cash flows from (used in) investing activities 77 52 (381)
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 0 0 728
Repayments of notes payable, commercial bank financing, and finance leases (61) (85) (863)
Repurchase of outstanding Class A Common Stock 0 (153) (120)
Dividends paid on Class A and Class B Common Stock (66) (65) (70)
Dividends paid on redeemable subsidiary preferred equity 0 0 (7)
Repurchase of redeemable subsidiary preferred equity 0 (190) 0
Distributions to noncontrolling interests, net (12) (13) (12)
Other, net (1) (3) (9)
Net cash flows used in financing activities (140) (509) (353)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 35 (222) 65
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 662 884 819
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year 697 662 884
Sinclair Broadcast Group, LLC      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) 235 (245) 2,701
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Amortization of sports programming rights 0 0 326
Amortization of definite-lived intangible and other assets 129 148 221
Depreciation of property and equipment 102 104 100
Amortization of program costs 74 80 90
Equity-based compensation 49 45 50
Deferred tax provision (benefit) 91 (359) 906
Gain on asset dispositions and other, net of impairment (14) (2) (11)
Loss (gain) on deconsolidation of subsidiary 0 10 (3,357)
Income from equity method investments 0 (31) (56)
(Income) loss from investments (25) 77 133
Distributions from investments 0 29 87
Sports programming rights payments 0 0 (325)
Rebate payments to distributors 0 0 (15)
Gain on extinguishment of debt (1) (15) (3)
Changes in assets and liabilities, net of acquisitions, deconsolidation of subsidiary, and asset transfer to Ventures:      
(Increase) decrease in accounts receivable (20) 9 20
Decrease (increase) in prepaid expenses and other current assets 37 4 (96)
Net change in due to/from member (3) 43 0
(Decrease) increase in accounts payable and accrued and other current liabilities (480) 486 (14)
Net change in current and long-term net income taxes payable/receivable (35) (3) 147
Decrease in program contracts payable (80) (88) (103)
Other, net 12 (32) (2)
Net cash flows from operating activities 71 260 799
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:      
Acquisition of property and equipment (80) (90) (105)
Deconsolidation of subsidiary cash 0 0 (315)
Purchases of investments (4) (39) (75)
Distributions and proceeds from investments 43 204 99
Other, net 3 9 15
Net cash flows from (used in) investing activities (38) 84 (381)
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 0 0 728
Repayments of notes payable, commercial bank financing, and finance leases (61) (85) (863)
Repurchase of outstanding Class A Common Stock 0 (153) (120)
Dividends paid on Class A and Class B Common Stock 0 (18) (70)
Dividends paid on redeemable subsidiary preferred equity 0 0 (7)
Repurchase of redeemable subsidiary preferred equity 0 (190) 0
Contributions from (distributions to) member, net 10    
Contributions from (distributions to) member, net   (448) 0
Distributions to noncontrolling interests, net (10) (12) (12)
Other, net 0 (3) (9)
Net cash flows used in financing activities (61) (909) (353)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (28) (565) 65
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 319 884 819
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 291 $ 319 $ 884