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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,399,000 $ 1,060,000
Accounts receivable, net of allowance for doubtful accounts of $3 and $2, respectively 1,137,000 599,000
Current portion of program contract costs 80,000 64,000
Income taxes receivable 50,000 0
Prepaid expenses and other current assets 237,000 61,000
Total current assets 2,903,000 1,784,000
Program contract costs, less current portion 6,000 11,000
Property and equipment, net 740,000 683,000
Operating lease assets 222,000  
Goodwill 4,048,000 2,124,000
Indefinite-lived intangible assets 158,000 158,000
Definite-lived intangible assets, net 9,104,000 1,627,000
Other assets 598,000 185,000
Total assets [1] 17,779,000 6,572,000
Current liabilities:    
Accounts payable and accrued liabilities 630,000 330,000
Income taxes payable 0 23,000
Current portion of notes payable, finance leases, and commercial bank financing 71,000 43,000
Current portion of operating lease liabilities 38,000  
Current portion of program contracts payable 107,000 93,000
Other current liabilities 247,000 84,000
Total current liabilities 1,093,000 573,000
Notes payable, finance leases, and commercial bank financing, less current portion 12,392,000 3,850,000
Operating lease liabilities, less current portion 213,000  
Program contracts payable, less current portion 43,000 50,000
Deferred tax liabilities 361,000 413,000
Other long-term liabilities 640,000 86,000
Total liabilities [1] 14,742,000 4,972,000
Commitments and contingencies (See Note 6)
Redeemable noncontrolling interests 1,362,000 0
Shareholders' equity:    
Additional paid-in capital 1,028,000 1,121,000
Retained earnings 467,000 518,000
Accumulated other comprehensive loss (1,000) (1,000)
Total Sinclair Broadcast Group shareholders’ equity 1,495,000 1,639,000
Noncontrolling interests 180,000 (39,000)
Total equity 1,675,000 1,600,000
Total liabilities, redeemable noncontrolling interests, and equity 17,779,000 6,572,000
Assets of variable interest entities 299,000 128,000
Liabilities of variable interest entities 26,000 22,000
Class A Common Stock    
Shareholders' equity:    
Common Stock 1,000 1,000
Class B Common Stock    
Shareholders' equity:    
Common Stock $ 0 $ 0
[1]
Our consolidated total assets as of September 30, 2019 and December 31, 2018 include total assets of variable interest entities (VIEs) of $299 million and $128 million, respectively, which can only be used to settle the obligations of the VIEs.  Our consolidated total liabilities as of September 30, 2019 and December 31, 2018 include total liabilities of VIEs of $26 million and $22 million, respectively, for which the creditors of the VIEs have no recourse to us.  See Note 9. Variable Interest Entities.