XML 58 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Dec. 31, 2014
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash $ 104,545 $ 149,972 $ 119,389 $ 17,682
Accounts receivable 519,662 424,608    
Other current assets 165,883 127,183    
Total current assets 790,090 701,763    
Property and equipment, net 713,088 717,137    
Investment in consolidated subsidiaries 0 0    
Goodwill 1,989,578 1,931,093    
Indefinite-lived intangible assets 153,125 132,465    
Definite-lived intangible assets 1,983,326 1,751,570    
Other long-term assets 236,981 198,287    
Total assets [1] 5,866,188 5,432,315    
Accounts payable and accrued liabilities 291,213 251,313    
Current portion of long-term debt 165,238 164,184    
Current portion of affiliate long-term debt 3,599 3,166    
Other current liabilities 139,695 116,340    
Total current liabilities 599,745 535,003    
Long-term debt 4,022,437 3,669,160    
Affiliate long-term debt 15,036 17,850    
Other liabilities 742,304 710,624    
Total liabilities [1] 5,379,522 4,932,637    
Total Sinclair Broadcast Group equity (deficit) 516,516 525,810    
Noncontrolling interests in consolidated subsidiaries (29,850) (26,132)    
Total liabilities and equity 5,866,188 5,432,315    
Reportable legal entities | Sinclair Broadcast Group, Inc.        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 0 0 0 0
Accounts receivable 0 0    
Other current assets 3,371 3,648    
Total current assets 3,371 3,648    
Property and equipment, net 2,086 2,884    
Investment in consolidated subsidiaries 483,523 497,262    
Goodwill 0 0    
Indefinite-lived intangible assets 0 0    
Definite-lived intangible assets 0 0    
Other long-term assets 52,116 52,128    
Total assets 541,096 555,922    
Accounts payable and accrued liabilities 102 104    
Current portion of long-term debt 0 0    
Current portion of affiliate long-term debt 1,804 1,651    
Other current liabilities 0 0    
Total current liabilities 1,906 1,755    
Long-term debt 0 0    
Affiliate long-term debt 479 1,857    
Other liabilities 22,196 26,500    
Total liabilities 24,581 30,112    
Total Sinclair Broadcast Group equity (deficit) 516,515 525,810    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 541,096 555,922    
Reportable legal entities | Sinclair Television Group, Inc.        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 81,671 115,771 97,996 3,394
Accounts receivable 0 1,775    
Other current assets 6,457 5,172    
Total current assets 88,128 122,718    
Property and equipment, net 17,710 20,336    
Investment in consolidated subsidiaries 3,696,504 3,430,434    
Goodwill 0 0    
Indefinite-lived intangible assets 0 0    
Definite-lived intangible assets 0 0    
Other long-term assets 782,850 673,915    
Total assets 4,585,192 4,247,403    
Accounts payable and accrued liabilities 55,484 49,428    
Current portion of long-term debt 55,500 57,640    
Current portion of affiliate long-term debt 0 0    
Other current liabilities 0 0    
Total current liabilities 110,984 107,068    
Long-term debt 3,951,479 3,594,218    
Affiliate long-term debt 0 0    
Other liabilities 31,612 28,866    
Total liabilities 4,094,075 3,730,152    
Total Sinclair Broadcast Group equity (deficit) 491,117 517,251    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 4,585,192 4,247,403    
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 4,550 235 259 1,749
Accounts receivable 483,686 390,142    
Other current assets 132,250 99,118    
Total current assets 620,486 489,495    
Property and equipment, net 566,633 559,042    
Investment in consolidated subsidiaries 4,180 4,179    
Goodwill 1,985,299 1,926,814    
Indefinite-lived intangible assets 137,416 114,841    
Definite-lived intangible assets 1,816,553 1,602,454    
Other long-term assets 105,247 110,507    
Total assets 5,235,814 4,807,332    
Accounts payable and accrued liabilities 211,362 179,156    
Current portion of long-term debt 1,803 1,611    
Current portion of affiliate long-term debt 1,569 1,311    
Other current liabilities 123,020 103,627    
Total current liabilities 337,754 285,705    
Long-term debt 31,521 32,743    
Affiliate long-term debt 12,977 14,240    
Other liabilities 1,173,805 1,060,211    
Total liabilities 1,556,057 1,392,899    
Total Sinclair Broadcast Group equity (deficit) 3,679,757 3,414,433    
Noncontrolling interests in consolidated subsidiaries 0 0    
Total liabilities and equity 5,235,814 4,807,332    
Reportable legal entities | Non- Guarantor Subsidiaries        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 18,324 33,966 21,134 12,539
Accounts receivable 37,237 33,949    
Other current assets 27,434 23,278    
Total current assets 82,995 91,193    
Property and equipment, net 130,309 143,667    
Investment in consolidated subsidiaries 0 0    
Goodwill 4,279 4,279    
Indefinite-lived intangible assets 15,709 17,624    
Definite-lived intangible assets 227,351 206,975    
Other long-term assets 160,180 140,910    
Total assets 620,823 604,648    
Accounts payable and accrued liabilities 28,427 27,462    
Current portion of long-term debt 107,935 106,358    
Current portion of affiliate long-term debt 2,258 456    
Other current liabilities 16,675 12,713    
Total current liabilities 155,295 146,989    
Long-term debt 39,437 42,199    
Affiliate long-term debt 384,174 366,042    
Other liabilities 177,155 171,102    
Total liabilities 756,061 726,332    
Total Sinclair Broadcast Group equity (deficit) (101,024) (91,703)    
Noncontrolling interests in consolidated subsidiaries (34,214) (29,981)    
Total liabilities and equity 620,823 604,648    
Eliminations        
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash 0 0 $ 0 $ 0
Accounts receivable (1,261) (1,258)    
Other current assets (3,629) (4,033)    
Total current assets (4,890) (5,291)    
Property and equipment, net (3,650) (8,792)    
Investment in consolidated subsidiaries (4,184,207) (3,931,875)    
Goodwill 0 0    
Indefinite-lived intangible assets 0 0    
Definite-lived intangible assets (60,578) (57,859)    
Other long-term assets (863,412) (779,173)    
Total assets (5,116,737) (4,782,990)    
Accounts payable and accrued liabilities (4,162) (4,837)    
Current portion of long-term debt 0 (1,425)    
Current portion of affiliate long-term debt (2,032) (252)    
Other current liabilities 0 0    
Total current liabilities (6,194) (6,514)    
Long-term debt 0 0    
Affiliate long-term debt (382,594) (364,289)    
Other liabilities (662,464) (576,055)    
Total liabilities (1,051,252) (946,858)    
Total Sinclair Broadcast Group equity (deficit) (4,069,849) (3,839,981)    
Noncontrolling interests in consolidated subsidiaries 4,364 3,849    
Total liabilities and equity $ (5,116,737) $ (4,782,990)    
[1] Our consolidated total assets as of September 30, 2016 and December 31, 2015 include total assets of variable interest entities (VIEs) of $151.1 million and $152.4 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2016 and December 31, 2015 include total liabilities of the VIEs of $41.1 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.