XML 106 R91.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents $ 681,326 $ 259,984 $ 149,972 $ 17,682 $ 17,682
Restricted cash, current 313,110 200      
Accounts and other receivables 566,464 513,954      
Other current assets 153,847 131,150      
Total current assets 1,714,747 905,088      
Property and equipment, net 738,298 717,576      
Investment in consolidated subsidiaries 0 0      
Other long-term assets 246,351 249,049      
Goodwill 2,124,033 1,990,746 1,931,093    
Indefinite-lived intangible assets 159,371 156,306      
Definite-lived intangible assets, net 1,801,670 1,944,403      
Total assets [1] 6,784,470 5,963,168      
Accounts payable and accrued liabilities 370,403 328,545      
Current portion of long-term debt 159,382 171,131      
Current portion of affiliate long-term debt 1,667 3,604      
Other current liabilities 194,897 133,193      
Total current liabilities 726,349 636,473      
Long-term debt 3,875,116 4,014,932      
Affiliate long-term debt 12,485 14,181      
Other liabilities 636,154 739,646      
Total liabilities [1] 5,250,104 5,405,232      
Total Sinclair Broadcast Group shareholders’ equity 1,568,738 587,983      
Noncontrolling interests (34,372) (30,047)      
Total liabilities and equity 6,784,470 5,963,168      
Reportable legal entities | Sinclair Broadcast Group, Inc.          
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents 0 0 0   0
Restricted cash, current 0        
Accounts and other receivables 0 0      
Other current assets 3,034 5,561      
Total current assets 3,034 5,561      
Property and equipment, net 829 1,820      
Investment in consolidated subsidiaries 1,537,337 551,250      
Other long-term assets 31,757 46,586      
Goodwill 0 0      
Indefinite-lived intangible assets 0 0      
Definite-lived intangible assets, net 0 0      
Total assets 1,572,957 605,217      
Accounts payable and accrued liabilities 1,100 100      
Current portion of long-term debt 0 0      
Current portion of affiliate long-term debt 0 1,857      
Other current liabilities 0 0      
Total current liabilities 1,100 1,957      
Long-term debt 0 0      
Affiliate long-term debt 0 0      
Other liabilities 3,119 15,277      
Total liabilities 4,219 17,234      
Total Sinclair Broadcast Group shareholders’ equity 1,568,738 587,983      
Noncontrolling interests 0 0      
Total liabilities and equity 1,572,957 605,217      
Reportable legal entities | Sinclair Television Group, Inc.          
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents 645,830 232,297 115,771   3,394
Restricted cash, current 0        
Accounts and other receivables 0 0      
Other current assets 5,758 3,143      
Total current assets 651,588 235,440      
Property and equipment, net 31,111 17,925      
Investment in consolidated subsidiaries 4,116,241 3,614,605      
Other long-term assets 770,312 819,506      
Goodwill 0 0      
Indefinite-lived intangible assets 0 0      
Definite-lived intangible assets, net 0 0      
Total assets 5,569,252 4,687,476      
Accounts payable and accrued liabilities 84,326 69,118      
Current portion of long-term debt 148,505 55,501      
Current portion of affiliate long-term debt 0 0      
Other current liabilities 0 0      
Total current liabilities 232,831 124,619      
Long-term debt 3,799,987 3,939,463      
Affiliate long-term debt 0 0      
Other liabilities 38,282 31,817      
Total liabilities 4,071,100 4,095,899      
Total Sinclair Broadcast Group shareholders’ equity 1,498,152 591,577      
Noncontrolling interests 0 0      
Total liabilities and equity 5,569,252 4,687,476      
Reportable legal entities | Guarantor Subsidiaries and KDSM, LLC          
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents 12,273 10,675 235   1,749
Restricted cash, current 311,110        
Accounts and other receivables 530,273 478,190      
Other current assets 145,637 124,313      
Total current assets 999,293 613,178      
Property and equipment, net 586,950 570,289      
Investment in consolidated subsidiaries 4,179 4,179      
Other long-term assets 104,363 103,808      
Goodwill 2,120,166 1,986,467      
Indefinite-lived intangible assets 145,073 140,597      
Definite-lived intangible assets, net 1,781,045 1,770,512      
Total assets 5,741,069 5,189,030      
Accounts payable and accrued liabilities 261,266 231,640      
Current portion of long-term debt 2,103 1,851      
Current portion of affiliate long-term debt 1,342 1,514      
Other current liabilities 180,616 121,972      
Total current liabilities 445,327 356,977      
Long-term debt 28,493 31,014      
Affiliate long-term debt 11,237 12,663      
Other liabilities 1,141,266 1,190,717      
Total liabilities 1,626,323 1,591,371      
Total Sinclair Broadcast Group shareholders’ equity 4,114,746 3,597,659      
Noncontrolling interests 0 0      
Total liabilities and equity 5,741,069 5,189,030      
Reportable legal entities | Non-Guarantor Subsidiaries          
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents 23,223 17,012 33,966   12,539
Restricted cash, current 2,000        
Accounts and other receivables 36,191 37,024      
Other current assets 9,687 25,406      
Total current assets 71,101 79,442      
Property and equipment, net 132,010 131,326      
Investment in consolidated subsidiaries 0 0      
Other long-term assets 208,367 169,817      
Goodwill 3,867 4,279      
Indefinite-lived intangible assets 14,298 15,709      
Definite-lived intangible assets, net 77,944 233,368      
Total assets 507,587 633,941      
Accounts payable and accrued liabilities 36,029 48,860      
Current portion of long-term debt 8,774 113,779      
Current portion of affiliate long-term debt 871 2,336      
Other current liabilities 14,281 13,545      
Total current liabilities 59,955 178,520      
Long-term debt 46,636 44,455      
Affiliate long-term debt 334,491 396,957      
Other liabilities 187,569 183,418      
Total liabilities 628,651 803,350      
Total Sinclair Broadcast Group shareholders’ equity (82,051) (134,991)      
Noncontrolling interests (39,013) (34,418)      
Total liabilities and equity 507,587 633,941      
Eliminations          
Condensed Financial Statements, Captions [Line Items]          
Cash and cash equivalents 0 0 $ 0   $ 0
Restricted cash, current 0        
Accounts and other receivables 0 (1,260)      
Other current assets (10,269) (27,273)      
Total current assets (10,269) (28,533)      
Property and equipment, net (12,602) (3,784)      
Investment in consolidated subsidiaries (5,657,757) (4,170,034)      
Other long-term assets (868,448) (890,668)      
Goodwill 0 0      
Indefinite-lived intangible assets 0 0      
Definite-lived intangible assets, net (57,319) (59,477)      
Total assets (6,606,395) (5,152,496)      
Accounts payable and accrued liabilities (12,318) (21,173)      
Current portion of long-term debt 0 0      
Current portion of affiliate long-term debt (546) (2,103)      
Other current liabilities 0 (2,324)      
Total current liabilities (12,864) (25,600)      
Long-term debt 0 0      
Affiliate long-term debt (333,243) (395,439)      
Other liabilities (734,082) (681,583)      
Total liabilities (1,080,189) (1,102,622)      
Total Sinclair Broadcast Group shareholders’ equity (5,530,847) (4,054,245)      
Noncontrolling interests 4,641 4,371      
Total liabilities and equity $ (6,606,395) $ (5,152,496)      
[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.