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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES:        
Media revenues $ 777 $ 819 $ 1,547 $ 1,611
OPERATING EXPENSES:        
Media programming and production expenses 420 425 838 833
Media selling, general and administrative expenses 200 194 392 390
Amortization of program costs 17 18 36 37
Non-media expenses 13 13 24 25
Depreciation of property and equipment 24 25 50 50
Corporate general and administrative expenses 45 50 97 108
Amortization of definite-lived intangible assets 35 38 71 76
Loss on asset dispositions and other, net 9 2 17 2
Total operating expenses 763 765 1,525 1,521
Operating income 21 64 35 106
OTHER INCOME (EXPENSE):        
Interest expense including amortization of debt discount and deferred financing costs (82) (76) (226) (152)
Gain on extinguishment of debt 4 0 6 1
Other income, net (18) (42) (84) (2)
Total other expense, net (97) (40) (311) (61)
(Loss) income before income taxes (76) 24 (276) 45
INCOME TAX BENEFIT 14 (5) 60 (1)
NET (LOSS) INCOME (62) 19 (216) 44
Net income attributable to the noncontrolling interests (2) (2) (4) (4)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR (64) 17 (220) 40
Sinclair Broadcast Group, LLC        
REVENUES:        
Media revenues 679 750 1,373 1,477
OPERATING EXPENSES:        
Media programming and production expenses 380 382 770 765
Media selling, general and administrative expenses 162 178 332 361
Amortization of program costs 17 18 36 37
Non-media expenses 2 2 4 4
Depreciation of property and equipment 25 26 50 51
Corporate general and administrative expenses 27 35 64 76
Amortization of definite-lived intangible assets 29 32 60 65
Loss on asset dispositions and other, net 9 0 17 0
Total operating expenses 651 673 1,333 1,359
Operating income 28 77 40 118
OTHER INCOME (EXPENSE):        
Interest expense including amortization of debt discount and deferred financing costs (82) (76) (226) (152)
Gain on extinguishment of debt 4 0 6 1
Other income, net 3 2 6 33
Total other expense, net (75) (74) (214) (118)
(Loss) income before income taxes (47) 3 (174) 0
INCOME TAX BENEFIT 8 1 34 10
NET (LOSS) INCOME (39) 4 (140) 10
Net income attributable to the noncontrolling interests (2) (2) (3) (3)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR $ (41) $ 2 $ (143) $ 7