Sinclair Broadcast Group, Inc. (SBGI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8161,2591,3331,060681260150
Cash and cash equivalents8161,2591,3331,060681260150
Restricted cash and investments    313  
Receivables1,3971,2901,235599595519425
Other current assets   125154131127
Other undisclosed current assets258668345 (28)(6)(1)
Total current assets:2,4713,2172,9131,7841,715905702
Noncurrent Assets
Finance lease, right-of-use asset18  
Operating lease, right-of-use asset207197223
Property, plant and equipment 823765683738718717
Intangible assets, net (including goodwill)7,3267,88712,8513,9094,0854,0913,815
Goodwill2,0882,0924,7162,1242,1241,9911,931
Intangible assets, net (excluding goodwill)5,2385,7958,1351,7851,9612,1011,884
Restricted cash and investments33  2 4
Deferred income tax assets293197 
Other noncurrent assets1,4081,058613185242221176
Other undisclosed noncurrent assets815 51132819
Total noncurrent assets:10,07010,16514,4574,7885,0705,0584,731
TOTAL ASSETS:12,54113,38217,3706,5726,7845,9635,432
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:655533782413370323251
Accounts payable    370323251
Accrued liabilities655533782413370323251
Employee-related liabilities      65
Taxes payable   23323 
Interest and dividends payable      33
Other undisclosed accounts payable and accrued liabilities   (23)(373)(346)(349)
Debt69587143159  
Due to related parties    243
Program rights obligations97928893   
Other liabilities346317155117195139116
Other undisclosed current liabilities353438(93) 171164
Total current liabilities:1,2021,0341,134573726636535
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,27112,4932503,8503,8754,0153,669
Finance lease, liability323333
Operating lease, liability205198217
Other undisclosed long-term debt and lease obligation12,03412,262 3,8503,8754,0153,669
Liabilities, other than long-term debt53683688013691700672
Deferred revenue164184 
Deferred tax liabilities, net  609585
Deferred income tax liabilities  407
Due to related parties    121418
Other liabilities35162243486797669
Program rights obligations21303950   
Other undisclosed noncurrent liabilities411412,3344135575457
Total noncurrent liabilities:12,84813,34313,4644,3994,5244,7694,398
Total liabilities:14,05014,37714,5984,9725,2505,4054,933
Temporary equity, carrying amount1971901,078    
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,770)(1,274)1,5021,6391,569588526
Additional paid in capital6917211,0111,1211,320844963
Accumulated other comprehensive loss(2)(10)(2)(1)(1)(1)(1)
Retained earnings (accumulated deficit)(2,460)(1,986)492518249(256)(437)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest6489192(39)(34)(30)(26)
Total stockholders' equity:(1,706)(1,185)1,6941,6001,534558500
TOTAL LIABILITIES AND EQUITY:12,54113,38217,3706,5726,7845,9635,432

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,1345,9434,2403,0552,7342,7372,219
Gross profit:6,1345,9434,2403,0552,7342,7372,219
Operating expenses(6,039)(8,715)(3,770)(2,395)(1,997)(2,134)(1,796)
Operating income (loss):95(2,772)470660738603423
Nonoperating expense(594)(377)(461)(349)(219)(230)(189)
Other nonoperating income (expense)(14)32563932
Interest and debt expense(7)(10)(10)(292)(1)(24)(191)
Income (loss) from continuing operations before equity method investments, income taxes:(506)(3,159)(1)1851734942
Other undisclosed income from continuing operations before income taxes71010292124191
Income (loss) from continuing operations before income taxes:(499)(3,149)9310519373234
Income tax expense (benefit)173720963675(122)(58)
Net income (loss):(326)(2,429)105346594251176
Net income (loss) attributable to noncontrolling interest(70)71(10)(5)(18)(5)(5)
Other undisclosed net loss attributable to parent(18)      
Net income (loss) attributable to parent:(414)(2,358)95341576245172
Other undisclosed net loss available to common stockholders, basic (56)(48)    
Net income (loss) available to common stockholders, diluted:(414)(2,414)47341576245172

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(326)(2,429)105346594251176
Other comprehensive income (loss)8(8)(1)1(1)06
Comprehensive income (loss):(318)(2,437)104347593251182
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(70)71(10)(5)(18)(5)(5)
Other undisclosed comprehensive loss, net of tax, attributable to parent(18)(56)(48)    
Comprehensive income (loss), net of tax, attributable to parent:(406)(2,422)46342575245177

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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