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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 681,326 $ 259,984
Restricted cash, current 313,110 200
Accounts receivable, net of allowance for doubtful accounts of $2,590 and $2,124, respectively 566,464 513,954
Current portion of program contract costs 71,387 83,601
Income taxes receivable 28,150 5,500
Prepaid expenses and other current assets 54,310 41,849
Total current assets 1,714,747 905,088
Program contract costs, less current portion 3,202 8,919
Property and equipment, net 738,298 717,576
Restricted cash, less current portion 1,504 0
Goodwill 2,124,033 1,990,746
Indefinite-lived intangible assets, net 159,371 156,306
Definite-lived intangible assets, net 1,801,670 1,944,403
Notes receivable from affiliates 0 19,500
Other assets 241,645 220,630
Total assets [1] 6,784,470 5,963,168
Current liabilities:    
Accounts payable and accrued liabilities 370,403 328,545
Deferred spectrum auction proceeds 84,341 0
Income taxes payable 2,503 23,491
Current portion of notes payable, capital leases and commercial bank financing 159,382 171,131
Current portion of notes payable and capital leases payable to affiliates 1,667 3,604
Current portion of program contracts payable 108,053 109,702
Total current liabilities 726,349 636,473
Long-term liabilities    
Notes payable, capital leases and commercial bank financing, less current portion 3,875,116 4,014,932
Notes payable and capital leases to affiliates, less current portion 12,485 14,181
Program contracts payable, less current portion 41,909 53,836
Deferred tax liabilities 515,236 609,317
Other long-term liabilities 79,009 76,493
Total liabilities [1] 5,250,104 5,405,232
Commitments and contingencies (See Note 10)
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 1,320,298 843,691
Retained earnings (accumulated deficit) 248,845 (255,804)
Accumulated other comprehensive loss (1,423) (807)
Total Sinclair Broadcast Group shareholders’ equity 1,568,738 587,983
Noncontrolling interests (34,372) (30,047)
Total equity 1,534,366 557,936
Total liabilities and equity 6,784,470 5,963,168
Total assets of variable interest entities 130,600 142,300
Total liabilities of variable interest entities 27,000 40,900
Class A Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock 761 646
Class B Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of December 31, 2017 and 2016 include total assets of variable interest entities (VIEs) of $130.6 million and $142.3 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2017 and 2016 include total liabilities of the VIEs of $27.0 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.