XML 81 R66.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - Statement of Cash Flows (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES $ 235 $ 839
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment (62) (130)
Spectrum repack reimbursements 22 72
Proceeds from sale of assets 43 36
Purchases of investments (244) (85)
Other, net 10 9
Net cash flows used in investing activities (231) (98)
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 357 947
Repayments of notes payable, commercial bank financing and finance leases (400) (945)
Repurchase of outstanding Class A Common Stock 0 (343)
Dividends paid on Class A and Class B Common Stock (46) (49)
Dividends paid on redeemable subsidiary preferred equity (4) (32)
Redemption of redeemable subsidiary preferred equity 0 (547)
Distributions to noncontrolling interests, net (63) (19)
Distributions to redeemable noncontrolling interests (5) (378)
Increase (decrease) in intercompany payables 0 0
Other, net (44) (75)
Net cash flows used in financing activities (205) (1,441)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (201) (700)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 1,262 1,333
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 1,061 633
Reportable Legal Entities | Sinclair Broadcast Group, Inc.    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 8 (115)
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment 0 0
Spectrum repack reimbursements 0 0
Proceeds from sale of assets 0 0
Purchases of investments (7) (2)
Other, net 0 1
Net cash flows used in investing activities (7) (1)
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and finance leases 0 0
Repurchase of outstanding Class A Common Stock   (343)
Dividends paid on Class A and Class B Common Stock (46) (49)
Dividends paid on redeemable subsidiary preferred equity 0 0
Redemption of redeemable subsidiary preferred equity   0
Distributions to noncontrolling interests, net 0 0
Distributions to redeemable noncontrolling interests 0 0
Increase (decrease) in intercompany payables 57 507
Other, net (12) 1
Net cash flows used in financing activities (1) 116
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 0 0
Reportable Legal Entities | Sinclair Television Group, Inc.    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES (100) (39)
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment (1) (7)
Spectrum repack reimbursements 0 0
Proceeds from sale of assets 0 0
Purchases of investments (12) (30)
Other, net 0 0
Net cash flows used in investing activities (13) (37)
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 341 648
Repayments of notes payable, commercial bank financing and finance leases (356) (670)
Repurchase of outstanding Class A Common Stock   0
Dividends paid on Class A and Class B Common Stock 0 0
Dividends paid on redeemable subsidiary preferred equity 0 0
Redemption of redeemable subsidiary preferred equity   0
Distributions to noncontrolling interests, net 0 0
Distributions to redeemable noncontrolling interests 0 0
Increase (decrease) in intercompany payables 226 3
Other, net (1) 0
Net cash flows used in financing activities 210 (19)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 97 (95)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 458 357
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 555 262
Reportable Legal Entities | Guarantor Subsidiaries and KDSM, LLC    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 317 481
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment (48) (110)
Spectrum repack reimbursements 22 72
Proceeds from sale of assets 34 36
Purchases of investments (40) (33)
Other, net (2) (9)
Net cash flows used in investing activities (34) (44)
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and finance leases (5) (3)
Repurchase of outstanding Class A Common Stock   0
Dividends paid on Class A and Class B Common Stock 0 0
Dividends paid on redeemable subsidiary preferred equity 0 0
Redemption of redeemable subsidiary preferred equity   0
Distributions to noncontrolling interests, net 0 0
Distributions to redeemable noncontrolling interests 0 0
Increase (decrease) in intercompany payables (268) (433)
Other, net 0 0
Net cash flows used in financing activities (273) (436)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 10 1
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 0 3
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 10 4
Reportable Legal Entities | Non- Guarantor Subsidiaries    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 6 510
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment (15) (19)
Spectrum repack reimbursements 0 0
Proceeds from sale of assets 9 0
Purchases of investments (185) (20)
Other, net 12 17
Net cash flows used in investing activities (179) (22)
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 16 299
Repayments of notes payable, commercial bank financing and finance leases (39) (272)
Repurchase of outstanding Class A Common Stock   0
Dividends paid on Class A and Class B Common Stock 0 0
Dividends paid on redeemable subsidiary preferred equity (4) (32)
Redemption of redeemable subsidiary preferred equity   (547)
Distributions to noncontrolling interests, net (63) (19)
Distributions to redeemable noncontrolling interests (5) (378)
Increase (decrease) in intercompany payables (9) (69)
Other, net (31) (76)
Net cash flows used in financing activities (135) (1,094)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (308) (606)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 804 973
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 496 367
Eliminations    
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME    
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES 4 2
NET CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisition of property and equipment 2 6
Spectrum repack reimbursements 0 0
Proceeds from sale of assets 0 0
Purchases of investments 0 0
Other, net 0 0
Net cash flows used in investing activities 2 6
NET CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES    
Proceeds from notes payable and commercial bank financing 0 0
Repayments of notes payable, commercial bank financing and finance leases 0 0
Repurchase of outstanding Class A Common Stock   0
Dividends paid on Class A and Class B Common Stock 0 0
Dividends paid on redeemable subsidiary preferred equity 0 0
Redemption of redeemable subsidiary preferred equity   0
Distributions to noncontrolling interests, net 0 0
Distributions to redeemable noncontrolling interests 0 0
Increase (decrease) in intercompany payables (6) (8)
Other, net 0 0
Net cash flows used in financing activities (6) (8)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 0 $ 0