XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 602,193 $ 259,984
Restricted cash 312,802 200
Accounts receivable, net of allowance for doubtful accounts of $2,510 and $2,124, respectively 523,111 513,954
Current portion of program contract costs 97,768 83,601
Income taxes receivable 5,080 5,500
Prepaid expenses and other current assets 37,384 36,067
Deferred barter costs 11,093 5,782
Total current assets 1,589,431 905,088
Program contract costs, less current portion 4,513 8,919
Property and equipment, net 724,125 717,576
Restricted cash 1,501 0
Goodwill 2,113,651 1,990,746
Indefinite-lived intangible assets 168,720 156,306
Definite-lived intangible assets, net 1,841,938 1,944,403
Notes Receivable from affiliates 19,500 19,500
Other assets 223,690 220,630
Total assets [1] 6,687,069 5,963,168
Current liabilities:    
Accounts payable and accrued liabilities 290,848 322,505
Deferred spectrum auction proceeds 310,802 0
Income taxes payable 1,500 23,491
Current portion of notes payable, capital leases and commercial bank financing 164,485 171,131
Current portion of notes and capital leases payable to affiliates 2,183 3,604
Current portion of program contracts payable 130,892 109,702
Deferred barter revenues 10,513 6,040
Total current liabilities 911,223 636,473
Long-term liabilities:    
Notes payable, capital leases and commercial bank financing, less current portion 3,876,134 4,014,932
Notes payable and capital leases to affiliates, less current portion 12,824 14,181
Program contracts payable, less current portion 46,026 53,836
Deferred tax liabilities 661,745 609,317
Other long-term liabilities 70,818 76,493
Total liabilities [1] 5,578,770 5,405,232
Commitments and contingencies (See Note 4)
Sinclair Broadcast Group shareholders’ equity:    
Additional paid-in capital 1,318,155 843,691
Accumulated deficit (176,370) (255,804)
Accumulated other comprehensive loss (807) (807)
Total Sinclair Broadcast Group shareholders’ equity 1,141,995 587,983
Noncontrolling interests (33,696) (30,047)
Total equity 1,108,299 557,936
Total liabilities and equity 6,687,069 5,963,168
Assets of variable interest entities 260,700 142,300
Liabilities of variable interest entities 160,200 40,900
Class A Common Stock    
Sinclair Broadcast Group shareholders’ equity:    
Common Stock 760 646
Class B Common Stock    
Sinclair Broadcast Group shareholders’ equity:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of September 30, 2017 and December 31, 2016 include total assets of variable interest entities (VIEs) of $260.7 million and $142.3 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2017 and December 31, 2016 include total liabilities of the VIEs of $160.2 million and $40.9 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.