XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 31,078 $ 12,967
Accounts receivable, net of allowance for doubtful accounts of $3,332 and $3,008, respectively 159,842 132,915
Affiliate receivable 943 252
Income taxes receivable   225
Current portion of program contract costs 23,171 38,906
Prepaid expenses and other current assets 8,444 17,274
Deferred barter costs 3,500 2,238
Deferred tax assets 3,390 4,940
Total current assets 230,368 209,717
PROGRAM CONTRACT COSTS, less current portion 11,124 15,584
PROPERTY AND EQUIPMENT, net 372,049 281,521
RESTRICTED CASH, less current portion 223 58,726
GOODWILL 912,862 660,117
BROADCAST LICENSES 70,727 47,002
DEFINITE-LIVED INTANGIBLE ASSETS, net 391,890 175,341
OTHER ASSETS 170,998 123,409
Total assets 2,160,241 [1] 1,571,417 [1]
CURRENT LIABILITIES:    
Accounts payable 7,302 8,872
Accrued liabilities 115,061 79,698
Income taxes payable 9,963  
Current portion of notes payable, capital leases and commercial bank financing 42,432 38,195
Current portion of notes and capital leases payable to affiliates 3,198 3,014
Current portion of program contracts payable 50,569 63,825
Deferred barter revenues 3,253 1,978
Total current liabilities 231,778 195,582
LONG-TERM LIABILITIES:    
Notes payable, capital leases and commercial bank financing, less current portion 1,667,809 1,148,271
Notes payable and capital leases to affiliates, less current portion 14,892 16,545
Program contracts payable, less current portion 21,300 27,625
Deferred tax liabilities 243,513 247,552
Other long-term liabilities 47,231 47,204
Total liabilities 2,226,523 [1] 1,682,779 [1]
COMMITMENTS AND CONTINGENCIES (See Note 3)      
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):    
Common Stock 812 809
Additional paid-in capital 621,556 617,375
Accumulated deficit (694,296) (734,511)
Accumulated other comprehensive loss (4,659) (4,848)
Total Sinclair Broadcast Group shareholders' deficit (76,587) (121,175)
Noncontrolling interests 10,305 9,813
Total deficit (66,282) (111,362)
Total liabilities and equity (deficit) 2,160,241 1,571,417
Class A Common Stock
   
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):    
Common Stock 523 520
Total deficit 523 520
Class B Common Stock
   
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY (DEFICIT):    
Common Stock 289 289
Total deficit $ 289 $ 289
[1] Our consolidated total assets as of June 30, 2012 and December 31, 2011 include total assets of variable interest entities (VIEs) of $44.9 million and $33.5 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2012 and December 31, 2011 include total liabilities of the VIEs of $11.2 million and $14.4 million, respectively, for which the creditors of the VIEs have no recourse to us.