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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,022,974 $ 681,326
Restricted cash, current 0 313,110
Accounts receivable, net of allowance for doubtful accounts of $2,367 and $2,590, respectively 609,742 566,464
Current portion of program contract costs 87,128 71,387
Income taxes receivable 0 28,150
Prepaid expenses and other current assets 70,891 54,310
Total current assets 1,790,735 1,714,747
Assets held for sale 5,590 0
Program contract costs, less current portion 13,080 3,202
Property and equipment, net 674,440 738,298
Restricted cash, less current portion 1,508 1,504
Goodwill 2,125,402 2,124,033
Indefinite-lived intangible assets 158,222 159,371
Definite-lived intangible assets, net 1,670,340 1,801,670
Other assets 188,097 241,645
Total assets [1] 6,627,414 6,784,470
Current liabilities:    
Accounts payable and accrued liabilities 428,471 370,403
Deferred spectrum auction proceeds 0 84,341
Income taxes payable 14,320 2,503
Current portion of notes payable, capital leases and commercial bank financing 43,698 161,049
Current portion of program contracts payable 114,115 108,053
Total current liabilities 600,604 726,349
Liabilities held for sale 4,083 0
Notes payable, capital leases and commercial bank financing, less current portion 3,858,558 3,887,601
Program contracts payable, less current portion 54,691 41,909
Deferred tax liabilities 444,940 515,236
Other long-term liabilities 78,984 79,009
Total liabilities [1] 5,041,860 5,250,104
Commitments and contingencies (See Note 4)
Shareholders' Equity:    
Additional paid-in capital 1,293,169 1,320,298
Retained earnings 330,780 248,845
Accumulated other comprehensive loss (1,423) (1,423)
Total Sinclair Broadcast Group shareholders’ equity 1,623,533 1,568,738
Noncontrolling interests (37,979) (34,372)
Total equity 1,585,554 1,534,366
Total liabilities and equity 6,627,414 6,784,470
Assets of variable interest entities 121,100 130,600
Liabilities of variable interest entities 22,900 27,000
Class A Common Stock    
Shareholders' Equity:    
Common Stock 750 761
Class B Common Stock    
Shareholders' Equity:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of September 30, 2018 and December 31, 2017 include total assets of variable interest entities (VIEs) of $121.1 million and $130.6 million, respectively, which can only be used to settle the obligations of the VIEs.  Our consolidated total liabilities as of September 30, 2018 and December 31, 2017 include total liabilities of VIEs of $22.9 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.