Sinclair Broadcast Group, Inc. (SBGI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3331,06068126015018280
Cash and cash equivalents1,3331,06068126015018280
Restricted cash and investments  313    
Receivables1,235599595519425767618
Assets held-for-sale7 
Income taxes receivable3 
Other current assets 125154131127118109
Other undisclosed current assets345 (28)(6)(1)(387)(309)
Total current assets:2,9131,7841,715905702526698
Noncurrent Assets
Operating lease, right-of-use asset223
Property, plant and equipment765683738718717753596
Intangible assets, net (including goodwill), including:12,8513,9094,0854,0913,8153,9182,609
Goodwill4,7162,1242,1241,9911,9311,9651,380
Intangible assets, net (excluding goodwill)8,1351,7851,9612,1011,8841,8181,128
Other undisclosed intangible assets, net (including goodwill)     135101
Regulated entity, other noncurrent assets     4746
Restricted cash and investments  2 4 12
Other noncurrent assets613185242221176208208
Assets held-for-sale, long lived9 
Other undisclosed noncurrent assets51132819(9)(21)
Total noncurrent assets:14,4574,7885,0705,0584,7314,9263,450
TOTAL ASSETS:17,3706,5726,7845,9635,4325,4524,147
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:782413370323251258196
Accounts payable  3703232511214
Accrued liabilities782413370323251246182
Employee-related liabilities    655745
Taxes payable 23323  3
Interest and dividends payable    33  
Other undisclosed accounts payable and accrued liabilities (23)(373)(346)(349)(57)(47)
Debt7143159  11346
Due to related parties  24332
Disposal group, including discontinued operation     2 
Program rights obligations8893     
Deferred revenue and credits   2720
Deferred tax liabilities    72
Other liabilities15511719513911611798
Other undisclosed current liabilities38(93) 171164(34)(22)
Total current liabilities:1,134573726636535494343
Noncurrent Liabilities
Long-term debt and lease obligation, including:2503,8503,8754,0153,6693,7972,966
Finance lease, liability33
Operating lease, liability217
Other undisclosed long-term debt and lease obligation 3,8503,8754,0153,6693,7972,966
Liabilities, other than long-term debt88013691700672696397
Deferred tax liabilities, net  609585602311
Deferred income tax liabilities407
Due to related parties  1214181619
Other liabilities434867976697767
Program rights obligations3950     
Other undisclosed noncurrent liabilities12,33441355754576135
Total noncurrent liabilities:13,4644,3994,5244,7694,3984,5533,398
Total liabilities:14,5984,9725,2505,4054,9335,0473,742
Temporary equity, carrying amount1,078      
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5021,6391,569588526428396
Additional paid in capital1,0111,1211,3208449639791,095
Accumulated other comprehensive loss(2)(1)(1)(1)(1)(6)(3)
Retained earnings (accumulated deficit)492518249(256)(437)(546)(697)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest192(39)(34)(30)(26)(23)9
Total stockholders' equity:1,6941,6001,534558500405406
TOTAL LIABILITIES AND EQUITY:17,3706,5726,7845,9635,4325,4524,147

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Gross profit:4,2403,0552,7342,7372,2191,9771,363
Operating expenses(3,770)(2,395)(1,997)(2,134)(1,796)(1,482)(1,039)
Operating income:470660738603423495324
Nonoperating expense(461)(349)(219)(230)(189)(182)(219)
Interest and debt expense(10)(292)(1)(24)(191)(189)(221)
Income (loss) from continuing operations before equity method investments, income taxes:(1)1851734942123(116)
Other undisclosed income from continuing operations before income taxes10292124191189221
Income from continuing operations before income taxes:9310519373234313106
Income tax expense (benefit)963675(122)(58)(97)(41)
Income from continuing operations:10534659425117621564
Income from discontinued operations      12
Net income:10534659425117621576
Net loss attributable to noncontrolling interest(10)(5)(18)(5)(5)(3)(2)
Net income attributable to parent:9534157624517221273
Other undisclosed net loss available to common stockholders, basic(48)      
Net income available to common stockholders, diluted:4734157624517221273

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:10534659425117621576
Other comprehensive income (loss)(1)1(1)06(3)2
Comprehensive income:10434759325118221278
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)(5)(18)(5)(5)32
Other undisclosed comprehensive loss, net of tax, attributable to parent(48)    (6)(5)
Comprehensive income, net of tax, attributable to parent:4634257524517720976

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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