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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:    
Net income $ 140 $ 61
Adjustments to reconcile net income to net cash flows (used in) from operating activities:    
Amortization of definite-lived intangible and other assets 113 124
Depreciation of property and equipment 76 80
Amortization of program costs 55 59
Equity-based compensation 45 42
Deferred tax benefit 36 (237)
(Gain) loss on asset dispositions and other, net of impairment (7) 11
Loss on deconsolidation of subsidiary 0 10
Income from equity method investments (92) (30)
Loss from investments 5 78
Distributions from investments 3 31
Gain on extinguishment of debt (1) (15)
Change in assets and liabilities, net of acquisitions and asset transfer to Ventures:    
Decrease in accounts receivable (5) 11
Decrease (increase) in prepaid expenses and other current assets 10 (39)
(Decrease) increase in accounts payable and accrued and other current liabilities (408) 22
Net change in net income taxes payable/receivable (11) (2)
Decrease in program contracts payable (61) (68)
Other, net 2 5
Net cash flows (used in) from operating activities (100) 143
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (61) (70)
Purchases of investments (41) (44)
Distributions and proceeds from investments 185 205
Other, net 3 6
Net cash flows (used in) from investing activities 86 97
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Repayments of notes payable, commercial bank financing, and finance leases (52) (76)
Repurchase of outstanding Old Sinclair Class A Common Stock 0 (153)
Dividends paid on Old Sinclair Class A and Class B Common Stock (49) (50)
Repurchase of redeemable subsidiary preferred equity 0 (190)
Distributions to noncontrolling interests, net (8) (10)
Other, net (3) (2)
Net cash flows used in financing activities (112) (481)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (126) (241)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 662 884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 536 643
Sinclair Broadcast Group, LLC    
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:    
Net income 92 73
Adjustments to reconcile net income to net cash flows (used in) from operating activities:    
Amortization of definite-lived intangible and other assets 98 114
Depreciation of property and equipment 76 80
Amortization of program costs 55 59
Equity-based compensation 42 34
Deferred tax benefit 24 (237)
(Gain) loss on asset dispositions and other, net of impairment (7) 7
Loss on deconsolidation of subsidiary 0 10
Income from equity method investments 0 (31)
Loss from investments (25) 77
Distributions from investments 0 29
Gain on extinguishment of debt (1) (15)
Change in assets and liabilities, net of acquisitions and asset transfer to Ventures:    
Decrease in accounts receivable 2 30
Decrease (increase) in prepaid expenses and other current assets 27 (10)
Net change in due to/from member (2) (12)
(Decrease) increase in accounts payable and accrued and other current liabilities (394) 27
Net change in net income taxes payable/receivable (13) (2)
Decrease in program contracts payable (61) (68)
Other, net 1 7
Net cash flows (used in) from operating activities (86) 172
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (61) (71)
Purchases of investments (4) (37)
Distributions and proceeds from investments 44 204
Other, net 1 6
Net cash flows (used in) from investing activities (20) 102
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Repayments of notes payable, commercial bank financing, and finance leases (51) (76)
Repurchase of outstanding Old Sinclair Class A Common Stock 0 (153)
Dividends paid on Old Sinclair Class A and Class B Common Stock 0 (18)
Repurchase of redeemable subsidiary preferred equity 0 (190)
Contributions from (distributions to) member, net 48  
Contributions from (distributions to) member, net   (429)
Distributions to noncontrolling interests, net (8) (10)
Other, net 0 (3)
Net cash flows used in financing activities (11) (879)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (117) (605)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 319 884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 202 $ 279