XML 13 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Dec. 31, 2013
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash $ 64,579 $ 17,682 $ 395,546 $ 280,104
Accounts and other receivables 384,570 383,503    
Other current assets 94,650 118,476    
Assets held for sale 0 6,504    
Total current assets 543,799 526,165    
Property and equipment, net 741,854 752,538    
Assets held for sale 1,843 8,817    
Investment in consolidated subsidiaries 0 0    
Goodwill 1,951,302 1,964,553    
Broadcast licenses 130,915 135,075    
Definite-lived intangible assets 1,792,919 1,818,263    
Other long-term assets 218,349 204,917    
Total assets 5,380,981 5,410,328    
Accounts payable and accrued liabilities 236,239 258,371    
Current portion of long-term debt 61,935 113,116    
Current portion of affiliate long-term debt 2,881 2,625    
Other current liabilities 95,826 117,417    
Liabilities held for sale   2,477    
Total current liabilities 396,881 494,006    
Long-term debt 3,808,085 3,754,822    
Affiliate long-term debt 16,775 16,309    
Other liabilities 712,981 739,848    
Total liabilities 4,934,722 5,004,985    
Total Sinclair Broadcast Group shareholders’ equity 469,059 427,882    
Noncontrolling interests in consolidated subsidiaries (22,800) (22,539)    
Total liabilities and equity 5,380,981 5,410,328    
Reportable legal entities | Sinclair Broadcast Group, Inc        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 0 0 0 0
Accounts and other receivables 0 0    
Other current assets 2,456 5,741    
Assets held for sale   0    
Total current assets 2,456 5,741    
Property and equipment, net 3,416 3,949    
Assets held for sale 0 0    
Investment in consolidated subsidiaries 438,600 395,225    
Goodwill 0 0    
Broadcast licenses 0 0    
Definite-lived intangible assets 0 0    
Other long-term assets 59,027 65,988    
Total assets 503,499 470,903    
Accounts payable and accrued liabilities 161 541    
Current portion of long-term debt 217 529    
Current portion of affiliate long-term debt 1,556 1,464    
Other current liabilities 1,208 1,208    
Liabilities held for sale   0    
Total current liabilities 3,142 3,742    
Long-term debt 0 0    
Affiliate long-term debt 2,700 3,508    
Other liabilities 28,598 35,771    
Total liabilities 34,440 43,021    
Total Sinclair Broadcast Group shareholders’ equity 469,059 427,882    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 503,499 470,903    
Reportable legal entities | Sinclair Television Group, Inc.        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 49,400 3,394 382,989 237,974
Accounts and other receivables 0 164    
Other current assets 15,466 12,996    
Assets held for sale   0    
Total current assets 64,866 16,554    
Property and equipment, net 21,783 17,554    
Assets held for sale 0 0    
Investment in consolidated subsidiaries 3,476,007 3,585,037    
Goodwill 0 0    
Broadcast licenses 0 0    
Definite-lived intangible assets 0 0    
Other long-term assets 636,526 555,877    
Total assets 4,199,182 4,175,022    
Accounts payable and accrued liabilities 42,461 46,083    
Current portion of long-term debt 49,547 42,953    
Current portion of affiliate long-term debt 0 0    
Other current liabilities 0 0    
Liabilities held for sale   0    
Total current liabilities 92,008 89,036    
Long-term debt 3,623,777 3,638,286    
Affiliate long-term debt 0 0    
Other liabilities 29,278 28,856    
Total liabilities 3,745,063 3,756,178    
Total Sinclair Broadcast Group shareholders’ equity 454,119 418,844    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 4,199,182 4,175,022    
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 1,068 1,749 488 28,594
Accounts and other receivables 356,389 359,486    
Other current assets 63,074 98,751    
Assets held for sale   0    
Total current assets 420,531 459,986    
Property and equipment, net 551,889 569,372    
Assets held for sale 1,843 1,843    
Investment in consolidated subsidiaries 4,079 3,978    
Goodwill 1,947,027 1,963,254    
Broadcast licenses 113,955 118,115    
Definite-lived intangible assets 1,659,249 1,698,919    
Other long-term assets 115,999 132,611    
Total assets 4,814,572 4,948,078    
Accounts payable and accrued liabilities 181,306 201,102    
Current portion of long-term debt 1,437 1,302    
Current portion of affiliate long-term debt 1,136 1,182    
Other current liabilities 87,741 107,867    
Liabilities held for sale   0    
Total current liabilities 271,620 311,453    
Long-term debt 33,592 34,338    
Affiliate long-term debt 12,216 12,802    
Other liabilities 1,019,773 1,003,213    
Total liabilities 1,337,201 1,361,806    
Total Sinclair Broadcast Group shareholders’ equity 3,477,371 3,586,272    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 4,814,572 4,948,078    
Reportable legal entities | Non-Guarantor Subsidiaries        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 14,111 12,539 12,069 13,536
Accounts and other receivables 29,418 25,111    
Other current assets 22,866 12,721    
Assets held for sale   6,504    
Total current assets 66,395 56,875    
Property and equipment, net 172,701 168,762    
Assets held for sale 0 6,974    
Investment in consolidated subsidiaries 0 0    
Goodwill 4,275 1,299    
Broadcast licenses 16,960 16,960    
Definite-lived intangible assets 197,479 184,441    
Other long-term assets 151,204 121,273    
Total assets 609,014 556,584    
Accounts payable and accrued liabilities 26,381 24,325    
Current portion of long-term debt 10,734 68,332    
Current portion of affiliate long-term debt 1,409 1,026    
Other current liabilities 8,362 9,749    
Liabilities held for sale   2,477    
Total current liabilities 46,886 105,909    
Long-term debt 150,716 82,198    
Affiliate long-term debt 358,791 319,901    
Other liabilities 170,322 169,935    
Total liabilities 726,715 677,943    
Total Sinclair Broadcast Group shareholders’ equity (90,747) (94,632)    
Noncontrolling interests in consolidated subsidiaries (26,954) (26,727)    
Total liabilities and equity 609,014 556,584    
Eliminations        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 0 0 $ 0 $ 0
Accounts and other receivables (1,237) (1,258)    
Other current assets (9,212) (11,733)    
Assets held for sale   0    
Total current assets (10,449) (12,991)    
Property and equipment, net (7,935) (7,099)    
Assets held for sale 0 0    
Investment in consolidated subsidiaries (3,918,686) (3,984,240)    
Goodwill 0 0    
Broadcast licenses 0 0    
Definite-lived intangible assets (63,809) (65,097)    
Other long-term assets (744,407) (670,832)    
Total assets (4,745,286) (4,740,259)    
Accounts payable and accrued liabilities (14,070) (13,680)    
Current portion of long-term debt 0 0    
Current portion of affiliate long-term debt (1,220) (1,047)    
Other current liabilities (1,485) (1,407)    
Liabilities held for sale   0    
Total current liabilities (16,775) (16,134)    
Long-term debt 0 0    
Affiliate long-term debt (356,932) (319,902)    
Other liabilities (534,990) (497,927)    
Total liabilities (908,697) (833,963)    
Total Sinclair Broadcast Group shareholders’ equity (3,840,743) (3,910,484)    
Noncontrolling interests in consolidated subsidiaries 4,154 4,188    
Total liabilities and equity $ (4,745,286) $ (4,740,259)