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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 1,060,330 $ 681,326
Restricted cash, current 0 313,110
Accounts receivable, net of allowance for doubtful accounts of $2,379 and $2,590, respectively 598,597 566,464
Current portion of program contract costs 64,247 71,387
Income taxes receivable 0 28,150
Prepaid expenses and other current assets 60,732 54,310
Total current assets 1,783,906 1,714,747
Program contract costs, less current portion 11,217 3,202
Property and equipment, net 683,134 738,298
Restricted cash, less current portion 0 1,504
Goodwill 2,123,902 2,124,033
Indefinite-lived intangible assets 158,222 159,371
Definite-lived intangible assets, net 1,626,880 1,801,670
Other assets 184,831 241,645
Total assets [1] 6,572,092 6,784,470
Current liabilities:    
Accounts payable and accrued liabilities 413,227 370,403
Deferred spectrum auction proceeds 0 84,341
Income taxes payable 23,314 2,503
Current portion of notes payable, capital leases and commercial bank financing 42,564 161,049
Current portion of program contracts payable 93,480 108,053
Total current liabilities 572,585 726,349
Notes payable, capital leases and commercial bank financing, less current portion 3,849,891 3,887,601
Program contracts payable, less current portion 50,060 41,909
Deferred tax liabilities 413,253 515,236
Other long-term liabilities 85,983 79,009
Total liabilities [1] 4,971,772 5,250,104
Commitments and contingencies (See Note 11)
Shareholders' Equity:    
Additional paid-in capital 1,121,054 1,320,298
Retained earnings 517,620 248,845
Accumulated other comprehensive loss (784) (1,423)
Total Sinclair Broadcast Group shareholders’ equity 1,638,836 1,568,738
Noncontrolling interests (38,516) (34,372)
Total equity 1,600,320 1,534,366
Total liabilities and equity 6,572,092 6,784,470
Total assets of variable interest entities 127,600 130,600
Total liabilities of variable interest entities 22,300 27,000
Class A Common Stock    
Shareholders' Equity:    
Common Stock 689 761
Class B Common Stock    
Shareholders' Equity:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of December 31, 2018 and 2017 include total assets of variable interest entities (VIEs) of $127.6 million and $130.6 million, respectively, which can only be used to settle the obligations of the VIEs.  Our consolidated total liabilities as of December 31, 2018 and 2017 include total liabilities of the VIEs of $22.3 million and $27.0 million, respectively, for which the creditors of the VIEs have no recourse to us.  See Note 12. Variable Interest Entities.