Sinclair Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
View on SEC.govAbout 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 exhibitsContents
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| REVENUES: | ||
| Media revenues | $792 | $766 |
| Non-media revenues | 6 | 7 |
| Total revenues | 798 | 773 |
| OPERATING EXPENSES: | ||
| Media programming and production expenses | 408 | 398 |
| Media selling, general and administrative expenses | 196 | 191 |
| Amortization of program contract costs | 19 | 22 |
| Non-media expenses | 12 | 12 |
| Depreciation of property and equipment | 25 | 24 |
| Corporate general and administrative expenses | 58 | 58 |
| Amortization of definite-lived intangible assets | 38 | 41 |
| Loss on asset dispositions and other, net of impairment | — | 6 |
| Total operating expenses | 756 | 752 |
| Operating income | 42 | 21 |
| OTHER INCOME (EXPENSE): | ||
| Interest expense including amortization of debt discount and deferred financing costs | (76) | (74) |
| Gain on extinguishment of debt | 1 | — |
| Income from equity method investments | 14 | 31 |
| Other income, net | 40 | 11 |
| Total other expense, net | (21) | (32) |
| Income (loss) before income taxes | 21 | (11) |
| INCOME TAX BENEFIT | 4 | 204 |
| NET INCOME | 25 | 193 |
| Net loss attributable to the redeemable noncontrolling interests | — | 4 |
| Net income attributable to the noncontrolling interests | (2) | (12) |
| NET INCOME ATTRIBUTABLE TO SINCLAIR | $23 | $185 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR: | ||
| Basic earnings per share | $0.35 | $2.65 |
| Diluted earnings per share | $0.35 | $2.64 |
| Basic weighted average common shares outstanding (in thousands) | 64,156 | 69,744 |
| Diluted weighted average common and common equivalent shares outstanding (in thousands) | 64,403 | 69,864 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.