XML 60 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Statement of Cash Flows (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES $ 330,260 $ 313,721
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (68,601) (72,476)
Acquisition of businesses, net of cash acquired (425,856) (15,514)
Purchase of alarm monitoring contracts (29,143) (31,340)
Proceeds from sale of assets 16,396 23,650
Investments in equity and cost method investees (34,224) (43,068)
Loans to affiliates (19,500) 0
Other, net 3,401 11,215
Net cash flows used in investing activities (557,527) (127,533)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 1,011,312 379,481
Repayments of notes payable, commercial bank financing and capital leases (653,987) (375,104)
Dividends paid on Class A and Class B Common Stock (49,667) (47,104)
Repurchase of outstanding Class A Common Stock (101,164) (28,823)
Increase (decrease) in intercompany payables 0 0
Other, net (24,654) (12,931)
Net cash flows from (used in) financing activities 181,840 (84,481)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (45,427) 101,707
CASH AND CASH EQUIVALENTS, beginning of period 149,972 17,682
CASH AND CASH EQUIVALENTS, end of period 104,545 119,389
Reportable legal entities | Sinclair Broadcast Group, Inc.    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES (4,060) (6,476)
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (7) 0
Acquisition of businesses, net of cash acquired 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of assets 0 0
Investments in equity and cost method investees (2,945) 0
Loans to affiliates 0  
Other, net 1,714 3,776
Net cash flows used in investing activities (1,238) 3,776
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 (473)
Dividends paid on Class A and Class B Common Stock (49,667) (47,104)
Repurchase of outstanding Class A Common Stock (101,164) (28,823)
Increase (decrease) in intercompany payables 158,574 82,410
Other, net (2,445) (3,310)
Net cash flows from (used in) financing activities 5,298 2,700
NET (DECREASE) 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 (USED IN) FROM OPERATING ACTIVITIES (152,724) (66,929)
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (3,626) (7,687)
Acquisition of businesses, net of cash acquired 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of assets 0 0
Investments in equity and cost method investees (10,840) (7,486)
Loans to affiliates (19,500)  
Other, net (1,828) 539
Net cash flows used in investing activities (35,794) (14,634)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 995,000 349,559
Repayments of notes payable, commercial bank financing and capital leases (636,547) (370,011)
Dividends paid on Class A and Class B Common Stock 0 0
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables (189,022) 200,108
Other, net (15,013) (3,491)
Net cash flows from (used in) financing activities 154,418 176,165
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (34,100) 94,602
CASH AND CASH EQUIVALENTS, beginning of period 115,771 3,394
CASH AND CASH EQUIVALENTS, end of period 81,671 97,996
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES 451,804 390,101
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (61,758) (64,693)
Acquisition of businesses, net of cash acquired (415,481) (15,514)
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of assets 7,263 23,650
Investments in equity and cost method investees (34) (27)
Loans to affiliates 0  
Other, net (86) 530
Net cash flows used in investing activities (470,096) (56,054)
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 (1,171) (937)
Dividends paid on Class A and Class B Common Stock 0 0
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables 22,603 (335,447)
Other, net 1,175 847
Net cash flows from (used in) financing activities 22,607 (335,537)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 4,315 (1,490)
CASH AND CASH EQUIVALENTS, beginning of period 235 1,749
CASH AND CASH EQUIVALENTS, end of period 4,550 259
Reportable legal entities | Non- Guarantor Subsidiaries    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES 17,138 (21,156)
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (3,842) (1,603)
Acquisition of businesses, net of cash acquired (10,375) 0
Purchase of alarm monitoring contracts (29,143) (31,340)
Proceeds from sale of assets 9,133 0
Investments in equity and cost method investees (20,405) (35,555)
Loans to affiliates 0  
Other, net 3,601 6,370
Net cash flows used in investing activities (51,031) (62,128)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 16,312 29,922
Repayments of notes payable, commercial bank financing and capital leases (16,269) (3,683)
Dividends paid on Class A and Class B Common Stock 0 0
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables 26,764 72,757
Other, net (8,556) (7,117)
Net cash flows from (used in) financing activities 18,251 91,879
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (15,642) 8,595
CASH AND CASH EQUIVALENTS, beginning of period 33,966 12,539
CASH AND CASH EQUIVALENTS, end of period 18,324 21,134
Eliminations    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES 18,102 18,181
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment 632 1,507
Acquisition of businesses, net of cash acquired 0 0
Purchase of alarm monitoring contracts 0 0
Proceeds from sale of assets 0 0
Investments in equity and cost method investees 0 0
Loans to affiliates 0  
Other, net 0 0
Net cash flows used in investing activities 632 1,507
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
Repurchase of outstanding Class A Common Stock 0 0
Increase (decrease) in intercompany payables (18,919) (19,828)
Other, net 185 140
Net cash flows from (used in) financing activities (18,734) (19,688)
NET (DECREASE) 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