Sinclair Inc

For the period ended Jun 30, 2024. Filed Aug 9, 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.

Jun 30, 2024 · Filed Aug 9, 2024

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

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Contents

CONSOLIDATED BALANCE SHEETS

	As of June 30,2024	As of December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$378	$662
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods	662	616
Income taxes receivable	8	8
Prepaid expenses and other current assets	174	189
Total current assets	1,222	1,475
Property and equipment, net	717	715
Operating lease assets	133	142
Goodwill	2,082	2,082
Indefinite-lived intangible assets	150	150
Customer relationships, net	334	369
Other definite-lived intangible assets, net	368	410
Other assets	680	742
Total assets (a)	$5,686	$6,085
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS, AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$503	$913
Current portion of notes payable, finance leases, and commercial bank financing	37	36
Current portion of operating lease liabilities	22	21
Current portion of program contracts payable	47	76
Other current liabilities	77	57
Total current liabilities	686	1,103
Notes payable, finance leases, and commercial bank financing, less current portion	4,106	4,139
Operating lease liabilities, less current portion	143	152
Program contracts payable, less current portion	15	14
Deferred tax liabilities	263	252
Other long-term liabilities	198	204
Total liabilities (a)	5,411	5,864
Commitments and contingencies (See Note 5)
Shareholders' equity:
Class A Common Stock, $.01 par value, 500,000,000 shares authorized, 42,505,771 and 39,737,682 shares issued and outstanding, respectively	1	1
Class B Common Stock, $.01 par value, 140,000,000 shares authorized, 23,775,056 and 23,775,056 shares issued and outstanding, respectively, convertible into Class A Common Stock	—	—
Additional paid-in capital	560	517
Accumulated deficit	(227)	(234)
Accumulated other comprehensive income	6	1
Total Sinclair shareholders' equity	340	285
Noncontrolling interests	(65)	(64)
Total equity	275	221
Total liabilities and equity	$5,686	$6,085

(a)Our consolidated total assets as of June 30, 2024 and December 31, 2023 include total assets of variable interest entities ("VIE") of $72 million and $85 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2024 and December 31, 2023 include total liabilities of VIEs of $14 million and $17 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.

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