XML 59 R49.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Statement of Cash Flow (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities $ 311,488 $ 358,397
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (72,476) (58,151)
Payments for acquisition of television stations (15,514) (1,071,428)
Purchase of alarm monitoring contracts (31,340) (15,647)
Proceeds from sale of broadcast assets 23,650 83,200
Decrease in restricted cash 0 (92,583)
Investments in equity and cost method investees (43,068) (7,958)
Payments for acquisition of assets in other operating divisions 0 (8,273)
Proceeds from termination of life insurance policies 0 17,042
Other, net (11,215) (6,936)
Net cash flows used in investing activities (127,533) (1,146,862)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 379,481 1,061,490
Repayments of notes payable, commercial bank financing and capital leases (375,104) (286,417)
Dividends paid on Class A and Class B common stock (47,104) (45,322)
Payments for deferred financing cost (3,847) (15,010)
Repurchase of outstanding Class A Common Stock (28,823) (108,438)
Increase (decrease) in intercompany payables 0 0
Noncontrolling interests distributions (6,655) (4,294)
Other, net (196) (13,602)
Net cash flows used in financing activities (82,248) 607,711
NET INCREASE IN CASH AND CASH EQUIVALENTS 101,707 (180,754)
CASH AND CASH EQUIVALENTS, beginning of period 17,682 280,104
CASH AND CASH EQUIVALENTS, end of period 119,389 99,350
Reportable legal entities | Sinclair Broadcast Group, Inc    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities (8,709) (27,282)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment 0 0
Payments for acquisition of television stations 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of broadcast assets 0 0
Decrease in restricted cash   0
Investments in equity and cost method investees 0 0
Payments for acquisition of assets in other operating divisions   0
Proceeds from termination of life insurance policies   0
Other, net (3,776) (1,000)
Net cash flows used in investing activities 3,776 1,000
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and capital leases (473) (408)
Dividends paid on Class A and Class B common stock (47,104) (45,322)
Payments for deferred financing cost 0  
Repurchase of outstanding Class A Common Stock (28,823) (108,438)
Increase (decrease) in intercompany payables 82,410 178,331
Noncontrolling interests distributions 0  
Other, net (1,077) 2,119
Net cash flows used in financing activities 4,933 26,282
NET INCREASE IN CASH AND CASH EQUIVALENTS 0 0
CASH AND CASH EQUIVALENTS, beginning of period 0 0
CASH AND CASH EQUIVALENTS, end of period 0 0
Reportable legal entities | Sinclair Television Group, Inc.    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities (66,929) (77,257)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (7,687) (8,482)
Payments for acquisition of television stations 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of broadcast assets 0 0
Decrease in restricted cash   (9,600)
Investments in equity and cost method investees (7,486) 0
Payments for acquisition of assets in other operating divisions   0
Proceeds from termination of life insurance policies   17,042
Other, net (539) 0
Net cash flows used in investing activities (14,634) (1,040)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 349,559 1,040,796
Repayments of notes payable, commercial bank financing and capital leases (370,011) (280,121)
Dividends paid on Class A and Class B common stock 0 0
Payments for deferred financing cost (3,604)  
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables 200,108 (821,116)
Noncontrolling interests distributions 0  
Other, net 113 (15,010)
Net cash flows used in financing activities 176,165 (75,451)
NET INCREASE IN CASH AND CASH EQUIVALENTS 94,602 (153,748)
CASH AND CASH EQUIVALENTS, beginning of period 3,394 237,974
CASH AND CASH EQUIVALENTS, end of period 97,996 84,226
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities 390,101 426,702
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (64,693) (47,961)
Payments for acquisition of television stations (15,514) (1,071,428)
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of broadcast assets 23,650 83,200
Decrease in restricted cash   (82,983)
Investments in equity and cost method investees (27) 0
Payments for acquisition of assets in other operating divisions   0
Proceeds from termination of life insurance policies   0
Other, net (530) (5,000)
Net cash flows used in investing activities (56,054) (1,114,172)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and capital leases (937) (743)
Dividends paid on Class A and Class B common stock 0 0
Payments for deferred financing cost 0  
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables (335,447) 663,350
Noncontrolling interests distributions 0  
Other, net 847 (784)
Net cash flows used in financing activities (335,537) 661,823
NET INCREASE IN CASH AND CASH EQUIVALENTS (1,490) (25,647)
CASH AND CASH EQUIVALENTS, beginning of period 1,749 28,594
CASH AND CASH EQUIVALENTS, end of period 259 2,947
Reportable legal entities | Non-Guarantor Subsidiaries    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities (21,156) 22,125
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (1,603) (1,708)
Payments for acquisition of television stations 0 0
Purchase of alarm monitoring contracts (31,340) (15,647)
Proceeds from sale of broadcast assets 0 0
Decrease in restricted cash   0
Investments in equity and cost method investees (35,555) (7,958)
Payments for acquisition of assets in other operating divisions   (8,273)
Proceeds from termination of life insurance policies   0
Other, net (6,370) (936)
Net cash flows used in investing activities (62,128) (32,650)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 29,922 20,694
Repayments of notes payable, commercial bank financing and capital leases (3,683) (5,145)
Dividends paid on Class A and Class B common stock 0 0
Payments for deferred financing cost (243)  
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables 72,757 (6,456)
Noncontrolling interests distributions (6,655)  
Other, net (219) 73
Net cash flows used in financing activities 91,879 9,166
NET INCREASE IN CASH AND CASH EQUIVALENTS 8,595 (1,359)
CASH AND CASH EQUIVALENTS, beginning of period 12,539 13,536
CASH AND CASH EQUIVALENTS, end of period 21,134 12,177
Eliminations    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
Net cash flows from operating activities 18,181 14,109
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment 1,507 0
Payments for acquisition of television stations 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of broadcast assets 0 0
Decrease in restricted cash   0
Investments in equity and cost method investees 0 0
Payments for acquisition of assets in other operating divisions   0
Proceeds from termination of life insurance policies   0
Other, net 0 0
Net cash flows used in investing activities 1,507 0
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and capital leases 0 0
Dividends paid on Class A and Class B common stock 0 0
Payments for deferred financing cost 0  
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables (19,828) (14,109)
Noncontrolling interests distributions 0  
Other, net 140 0
Net cash flows used in financing activities (19,688) (14,109)
NET INCREASE IN CASH AND CASH EQUIVALENTS 0 0
CASH AND CASH EQUIVALENTS, beginning of period 0 0
CASH AND CASH EQUIVALENTS, end of period $ 0 $ 0