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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 810,232 $ 681,326
Restricted cash, current 226,558 313,110
Accounts receivable, net of allowance for doubtful accounts of $2,209 and $2,590, respectively 538,472 566,464
Current portion of program contract costs 42,736 71,387
Income taxes receivable 27,909 28,150
Prepaid expenses and other current assets 68,784 54,310
Total current assets 1,714,691 1,714,747
Assets held for sale 152,880 0
Program contract costs, less current portion 2,178 3,202
Property and equipment, net 654,432 738,298
Restricted cash, less current portion 1,505 1,504
Goodwill 2,021,970 2,124,033
Indefinite-lived intangible assets 156,629 159,371
Definite-lived intangible assets, net 1,729,563 1,801,670
Other assets 229,563 241,645
Total assets [1] 6,663,411 6,784,470
Current liabilities:    
Accounts payable and accrued liabilities 356,792 370,403
Deferred spectrum auction proceeds 0 84,341
Income taxes payable 2,503 2,503
Current portion of notes payable, capital leases and commercial bank financing 154,944 161,049
Current portion of program contracts payable 77,442 108,053
Total current liabilities 591,681 726,349
Liabilities held for sale 12,210 0
Notes payable, capital leases and commercial bank financing, less current portion 3,875,025 3,887,601
Program contracts payable, less current portion 37,170 41,909
Deferred tax liabilities 498,719 515,236
Other long-term liabilities 77,063 79,009
Total liabilities [1] 5,091,868 5,250,104
Commitments and contingencies (See Note 4)
Shareholders' Equity:    
Additional paid-in capital 1,332,432 1,320,298
Retained earnings 275,676 248,845
Accumulated other comprehensive loss (1,423) (1,423)
Total Sinclair Broadcast Group shareholders’ equity 1,607,707 1,568,738
Noncontrolling interests (36,164) (34,372)
Total equity 1,571,543 1,534,366
Total liabilities and equity 6,663,411 6,784,470
Assets of variable interest entities 122,500 130,600
Liabilities of variable interest entities 23,000 27,000
Class A Common Stock    
Shareholders' Equity:    
Common Stock 765 761
Class B Common Stock    
Shareholders' Equity:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of March 31, 2018 and December 31, 2017 include total assets of variable interest entities (VIEs) of $122.5 million and $130.6 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2018 and December 31, 2017 include total liabilities of VIEs of $23.0 million and $27.0 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.