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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Media revenues $ 3,894 $ 6,083 $ 5,843
Non-media revenues 34 51 100
Total revenues 3,928 6,134 5,943
OPERATING EXPENSES:      
Media programming and production expenses 1,942 4,291 2,735
Media selling, general and administrative expenses 812 908 832
Amortization of program contract costs 90 93 86
Non-media expenses 44 57 91
Depreciation of property and equipment 100 114 102
Corporate general and administrative expenses 160 170 148
Amortization of definite-lived intangible and other assets 221 477 572
Impairment of goodwill and definite-lived intangible assets 0 0 4,264
Gain on deconsolidation of subsidiary (3,357) 0 0
(Gain) loss on asset dispositions and other, net of impairment (64) (71) (115)
Total operating (gains) expenses (52) 6,039 8,715
Operating income (loss) 3,980 95 (2,772)
OTHER INCOME (EXPENSE):      
Interest expense including amortization of debt discount and deferred financing costs (296) (618) (656)
Gain (loss) on extinguishment of debt 3 (7) (10)
Income (loss) from equity method investments 56 45 (36)
Other (expense) income, net (129) (14) 325
Total other expense, net (366) (594) (377)
Income (loss) before income taxes 3,614 (499) (3,149)
INCOME TAX (PROVISION) BENEFIT (913) 173 720
NET INCOME (LOSS) 2,701 (326) (2,429)
Net income attributable to the redeemable noncontrolling interests (20) (18) (56)
Net (income) loss attributable to the noncontrolling interests (29) (70) 71
NET INCOME (LOSS) ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP $ 2,652 $ (414) $ (2,414)
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR BROADCAST GROUP:      
Basic earnings (loss) per share (in dollars per share) $ 37.54 $ (5.51) $ (30.20)
Diluted earnings (loss) per share (in dollars per share) $ 37.54 $ (5.51) $ (30.20)
Basic weighted average common shares outstanding (in shares) 70,653 75,050 79,924
Diluted weighted average common and common equivalent shares outstanding (in shares) 70,656 75,050 79,924