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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 103,727 $ 149,972
Accounts receivable, net of allowance for doubtful accounts of $4,357 and $4,495, respectively 489,884 424,608
Current portion of program contract costs 36,359 91,466
Income taxes receivable 0 823
Prepaid expenses and other current assets 38,949 26,903
Deferred barter costs 9,100 7,991
Total current assets 678,019 701,763
PROGRAM CONTRACT COSTS, less current portion 10,484 18,996
PROPERTY AND EQUIPMENT, net 727,806 717,137
RESTRICTED CASH 0 3,725
GOODWILL 2,017,382 1,931,093
INDEFINITE-LIVED INTANGIBLE ASSETS 157,725 132,465
DEFINITE-LIVED INTANGIBLE ASSETS, net 1,975,786 1,751,570
OTHER ASSETS 212,475 175,566
Total assets [1] 5,779,677 5,432,315
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 271,926 251,313
Income taxes payable 8,566 0
Current portion of notes payable, capital leases and commercial bank financing 175,044 164,184
Current portion of notes and capital leases payable to affiliates 3,501 3,166
Current portion of program contracts payable 63,492 108,260
Deferred barter revenues 9,211 8,080
Total current liabilities 531,740 535,003
LONG-TERM LIABILITIES:    
Notes payable, capital leases and commercial bank financing, less current portion 3,984,262 3,669,160
Notes payable and capital leases to affiliates, less current portion 15,953 17,850
Program contracts payable, less current portion 45,110 56,921
Deferred tax liabilities 587,289 585,072
Other long-term liabilities 72,429 68,631
Total liabilities [1] 5,236,783 4,932,637
COMMITMENTS AND CONTINGENCIES
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 964,818 962,726
Accumulated deficit (394,418) (437,029)
Accumulated other comprehensive loss (834) (834)
Total Sinclair Broadcast Group shareholders’ equity 570,512 525,810
Noncontrolling interests (27,618) (26,132)
Total equity 542,894 499,678
Total liabilities and equity 5,779,677 5,432,315
Class A Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock 687 688
Class B Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock $ 259 $ 259
[1] Our consolidated total assets as of June 30, 2016 and December 31, 2015 include total assets of variable interest entities (VIEs) of $147.5 million and $152.4 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2016 and December 31, 2015 include total liabilities of the VIEs of $30.4 million and $35.6 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 1. Nature of Operations and Summary of Significant Accounting Policies.