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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,058 $ 1,259
Accounts receivable, net of allowance for doubtful accounts of $7 and $5, respectively 1,174 1,060
Income taxes receivable 273 230
Prepaid sports rights 81 498
Prepaid expenses and other current assets 206 170
Total current assets 2,792 3,217
Property and equipment, net 785 823
Operating lease assets 177 197
Deferred tax assets 293 197
Restricted cash 3 3
Goodwill 2,088 2,092
Indefinite-lived intangible assets 150 171
Definite-lived intangible assets, net 5,199 5,624
Other assets 1,358 1,058
Total assets [1] 12,845 13,382
Current liabilities:    
Accounts payable and accrued liabilities 624 533
Current portion of notes payable, finance leases, and commercial bank financing 66 58
Current portion of operating lease liabilities 27 34
Current portion of program contracts payable 116 92
Other current liabilities 307 317
Total current liabilities 1,140 1,034
Notes payable, finance leases, and commercial bank financing, less current portion 12,464 12,493
Operating lease liabilities, less current portion 185 198
Program contracts payable, less current portion 25 30
Other long-term liabilities 397 622
Total liabilities [1] 14,211 14,377
Commitments and contingencies (See Note 6)
Redeemable noncontrolling interests 194 190
Shareholders' equity:    
Additional paid-in capital 747 721
Accumulated deficit (2,357) (1,986)
Accumulated other comprehensive loss (4) (10)
Total Sinclair Broadcast Group shareholders’ deficit (1,613) (1,274)
Noncontrolling interests 53 89
Total deficit (1,560) (1,185)
Total liabilities, redeemable noncontrolling interests, and deficit 12,845 13,382
Class A Common Stock    
Shareholders' equity:    
Common Stock 1 1
Class B Common Stock    
Shareholders' equity:    
Common Stock 0 0
Customer relationships, net    
Current assets:    
Definite-lived intangible assets, net 3,994 4,286
Other definite-lived intangible assets, net    
Current assets:    
Definite-lived intangible assets, net $ 1,205 $ 1,338
[1] Our consolidated total assets as of September 30, 2021 and December 31, 2020 include total assets of variable interest entities (VIEs) of $214 million and $233 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of September 30, 2021 and December 31, 2020 include total liabilities of VIEs of $83 million and $60 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 9. Variable Interest Entities.