Sinclair Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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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$15.11+6.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $6 | $193 |
| Adjustments to reconcile net income to net cash flows from operating activities: | ||
| Amortization of definite-lived intangible and other assets | 33 | 41 |
| Depreciation of property and equipment | 25 | 24 |
| Amortization of program contract costs | 19 | 22 |
| Equity-based compensation | 25 | 23 |
| Deferred tax benefit | — | (207) |
| Loss on asset dispositions and other, net of impairment | — | 6 |
| Income from equity method investments | — | (31) |
| (Income) loss from investments | (25) | 2 |
| Distributions from investments | — | 28 |
| Gain on extinguishment of debt | (1) | — |
| Change in assets and liabilities, net of acquisitions: | ||
| (Increase) decrease in accounts receivable | (10) | 4 |
| Increase in prepaid expenses and other current assets | (2) | (42) |
| Net change in due to/from member | 17 | — |
| (Decrease) increase in accounts payable and accrued and other current liabilities | (16) | 21 |
| Net change in net income taxes payable/receivable | (9) | — |
| Decrease in program contracts payable | (22) | (23) |
| Other, net | (23) | 1 |
| Net cash flows from operating activities | 17 | 62 |
| CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (22) | (20) |
| Purchases of investments | — | (33) |
| Distributions and proceeds from investments | 26 | 8 |
| Other, net | 1 | 1 |
| Net cash flows from (used in) investing activities | 5 | (44) |
| CASH FLOWS USED IN FINANCING ACTIVITIES: | ||
| Repayments of notes payable, commercial bank financing, and finance leases | (34) | (9) |
| Repurchase of outstanding Old Sinclair Class A Common Stock | — | (53) |
| Dividends paid on Old Sinclair Class A and Class B Common Stock | — | (18) |
| Repurchase of redeemable subsidiary preferred equity | — | (190) |
| Contributions from member, net | 32 | — |
| Distributions to noncontrolling interests, net | (2) | (4) |
| Other, net | — | (5) |
| Net cash flows used in financing activities | (4) | (279) |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 18 | (261) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period | 319 | 884 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period | $337 | $623 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.