Sinclair Inc

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

SBGI$14.23+4.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

CONSOLIDATED BALANCE SHEETS

	As of March 31,2024	As of December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$337	$319
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods	577	568
Income taxes receivable	7	7
Prepaid expenses and other current assets	129	139
Total current assets	1,050	1,033
Property and equipment, net	698	692
Operating lease assets	138	142
Goodwill	2,016	2,016
Indefinite-lived intangible assets	123	123
Customer relationships, net	226	238
Other definite-lived intangible assets, net	388	409
Other assets	199	184
Total assets (a)	$4,838	$4,837
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$815	$851
Current portion of notes payable, finance leases, and commercial bank financing	36	36
Current portion of operating lease liabilities	22	21
Current portion of program contracts payable	57	76
Other current liabilities	69	50
Total current liabilities	999	1,034
Notes payable, finance leases, and commercial bank financing, less current portion	4,098	4,124
Operating lease liabilities, less current portion	148	152
Program contracts payable, less current portion	11	14
Deferred tax liabilities	284	283
Other long-term liabilities	153	158
Total liabilities (a)	5,693	5,765
Commitments and contingencies (See Note 5)
SBG member's deficit:
Accumulated deficit	(795)	(865)
Accumulated other comprehensive income	5	1
Total SBG member's deficit	(790)	(864)
Noncontrolling interests	(65)	(64)
Total deficit	(855)	(928)
Total liabilities and deficit	$4,838	$4,837

(a)SBG's consolidated total assets as of March 31, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $78 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. SBG's consolidated total liabilities as of March 31, 2024 and December 31, 2023 include total liabilities of VIEs of $16 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 7. Variable Interest Entities.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.