Sinclair Broadcast Group, Inc. (SBGI) financial statements (2021 and earlier)

Company profile

Business Address 10706 BEAVER DAM ROAD
HUNT VALLEY, MD 21030
State of Incorp. MD
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2591,3331,06068126015018
Cash and cash equivalents1,2591,3331,06068126015018
Restricted cash and investments   313   
Receivables1,2901,235599595519425767
Assets held-for-sale7
Income taxes receivable3
Other current assets  125154131127118
Other undisclosed current assets668345 (28)(6)(1)(387)
Total current assets:3,2172,9131,7841,715905702526
Noncurrent Assets
Operating lease, right-of-use asset197223
Property, plant and equipment823765683738718717753
Intangible assets, net (including goodwill), including:7,88712,8513,9094,0854,0913,8153,918
Goodwill2,0924,7162,1242,1241,9911,9311,965
Intangible assets, net (excluding goodwill)5,7958,1351,7851,9612,1011,8841,818
Other undisclosed intangible assets, net (including goodwill)      135
Regulated entity, other noncurrent assets      47
Restricted cash and investments3  2 4 
Deferred income tax assets197 
Other noncurrent assets1,058613185242221176208
Assets held-for-sale, long lived9
Other undisclosed noncurrent assets 51132819(9)
Total noncurrent assets:10,16514,4574,7885,0705,0584,7314,926
TOTAL ASSETS:13,38217,3706,5726,7845,9635,4325,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:533782413370323251258
Accounts payable   37032325112
Accrued liabilities533782413370323251246
Employee-related liabilities     6557
Taxes payable  23323  
Interest and dividends payable     33 
Other undisclosed accounts payable and accrued liabilities  (23)(373)(346)(349)(57)
Debt587143159  113
Due to related parties   2433
Disposal group, including discontinued operation      2
Program rights obligations928893    
Deferred revenue and credits   27
Deferred tax liabilities    7
Other liabilities317155117195139116117
Other undisclosed current liabilities3438(93) 171164(34)
Total current liabilities:1,0341,134573726636535494
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,4932503,8503,8754,0153,6693,797
Finance lease, liability3333
Operating lease, liability198217
Other undisclosed long-term debt and lease obligation12,262 3,8503,8754,0153,6693,797
Liabilities, other than long-term debt83688013691700672696
Deferred revenue184 
Deferred tax liabilities, net  609585602
Deferred income tax liabilities 407
Due to related parties   12141816
Other liabilities6224348679766977
Program rights obligations303950    
Other undisclosed noncurrent liabilities1412,334413557545761
Total noncurrent liabilities:13,34313,4644,3994,5244,7694,3984,553
Total liabilities:14,37714,5984,9725,2505,4054,9335,047
Temporary equity, carrying amount1901,078     
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,274)1,5021,6391,569588526428
Additional paid in capital7211,0111,1211,320844963979
Accumulated other comprehensive loss(10)(2)(1)(1)(1)(1)(6)
Retained earnings (accumulated deficit)(1,986)492518249(256)(437)(546)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest89192(39)(34)(30)(26)(23)
Total stockholders' equity:(1,185)1,6941,6001,534558500405
TOTAL LIABILITIES AND EQUITY:13,38217,3706,5726,7845,9635,4325,452

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Gross profit:5,9434,2403,0552,7342,7372,2191,977
Operating expenses(8,715)(3,770)(2,395)(1,997)(2,134)(1,796)(1,482)
Operating income (loss):(2,772)470660738603423495
Nonoperating expense(377)(461)(349)(219)(230)(189)(182)
Other nonoperating income325639325
Interest and debt expense(10)(10)(292)(1)(24)(191)(189)
Income (loss) from continuing operations before equity method investments, income taxes:(3,159)(1)1851734942123
Other undisclosed income from continuing operations before income taxes1010292124191189
Income (loss) from continuing operations before income taxes:(3,149)9310519373234313
Income tax expense (benefit)720963675(122)(58)(97)
Net income (loss):(2,429)105346594251176215
Net income (loss) attributable to noncontrolling interest71(10)(5)(18)(5)(5)(3)
Net income (loss) attributable to parent:(2,358)95341576245172212
Other undisclosed net loss available to common stockholders, basic(56)(48)     
Net income (loss) available to common stockholders, diluted:(2,414)47341576245172212

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2,429)105346594251176215
Other comprehensive income (loss)(8)(1)1(1)06(3)
Comprehensive income (loss):(2,437)104347593251182212
Comprehensive income (loss), net of tax, attributable to noncontrolling interest71(10)(5)(18)(5)(5)3
Other undisclosed comprehensive loss, net of tax, attributable to parent(56)(48)    (6)
Comprehensive income (loss), net of tax, attributable to parent:(2,422)46342575245177209

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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