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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 941,000 $ 1,259,000
Accounts receivable, net of allowance for doubtful accounts of $4 and $5, respectively 1,058,000 1,060,000
Income taxes receivable 235,000 230,000
Prepaid sports rights 542,000 498,000
Prepaid expenses and other current assets 194,000 170,000
Total current assets 2,970,000 3,217,000
Property and equipment, net 804,000 823,000
Operating lease assets 189,000 197,000
Deferred tax assets 202,000 197,000
Restricted cash 4,000 3,000
Goodwill 2,091,000 2,092,000
Indefinite-lived intangible assets 150,000 171,000
Definite-lived intangible assets, net 5,500,000 5,624,000
Other assets 1,222,000 1,058,000
Total assets [1] 13,132,000 13,382,000
Current liabilities:    
Accounts payable and accrued liabilities 469,000 533,000
Current portion of notes payable, finance leases, and commercial bank financing 58,000 58,000
Current portion of operating lease liabilities 30,000 34,000
Current portion of program contracts payable 77,000 92,000
Other current liabilities 288,000 317,000
Total current liabilities 922,000 1,034,000
Notes payable, finance leases, and commercial bank financing, less current portion 12,482,000 12,493,000
Operating lease liabilities, less current portion 194,000 198,000
Program contracts payable, less current portion 26,000 30,000
Other long-term liabilities 506,000 622,000
Total liabilities [1] 14,130,000 14,377,000
Commitments and contingencies (See Note 6)
Redeemable noncontrolling interests 188,000 190,000
Shareholders' equity:    
Additional paid-in capital 735,000 721,000
Accumulated deficit (2,013,000) (1,986,000)
Accumulated other comprehensive loss (2,000) (10,000)
Total Sinclair Broadcast Group shareholders’ deficit (1,279,000) (1,274,000)
Noncontrolling interests 93,000 89,000
Total deficit (1,186,000) (1,185,000)
Total liabilities, redeemable noncontrolling interests, and deficit 13,132,000 13,382,000
Class A Common Stock    
Shareholders' equity:    
Common Stock $ 1,000 $ 1,000
Common Stock, shares issued (shares) 51,118,350 49,252,671
Class B Common Stock    
Shareholders' equity:    
Common Stock $ 0 $ 0
Common Stock, shares issued (shares) 24,217,682 24,727,682
Customer relationships, net    
Current assets:    
Definite-lived intangible assets, net $ 4,189,000 $ 4,286,000
Other definite-lived intangible assets, net    
Current assets:    
Definite-lived intangible assets, net $ 1,311,000 $ 1,338,000
[1] Our consolidated total assets as of March 31, 2021 and December 31, 2020 include total assets of variable interest entities (VIEs) of $241 million and $233 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2021 and December 31, 2020 include total liabilities of VIEs of $57 million and $60 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 9. Variable Interest Entities.