Sinclair Inc

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

Jun 30, 2024 · Filed Aug 9, 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 June 30,2024	As of December 31,2023
ASSETS
Current assets:
Cash and cash equivalents	$52	$319
Accounts receivable, net of allowance for doubtful accounts of $4 as of both periods	599	568
Income taxes receivable	8	7
Prepaid expenses and other current assets	111	139
Total current assets	770	1,033
Property and equipment, net	694	692
Operating lease assets	133	142
Goodwill	2,016	2,016
Indefinite-lived intangible assets	123	123
Customer relationships, net	214	238
Other definite-lived intangible assets, net	367	409
Other assets	207	184
Total assets (a)	$4,524	$4,837
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$425	$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	47	76
Other current liabilities	82	50
Total current liabilities	612	1,034
Notes payable, finance leases, and commercial bank financing, less current portion	4,091	4,124
Operating lease liabilities, less current portion	143	152
Program contracts payable, less current portion	15	14
Deferred tax liabilities	284	283
Other long-term liabilities	153	158
Total liabilities (a)	5,298	5,765
Commitments and contingencies (See Note 5)
SBG member's deficit:
Accumulated deficit	(714)	(865)
Accumulated other comprehensive income	6	1
Total SBG member's deficit	(708)	(864)
Noncontrolling interests	(66)	(64)
Total deficit	(774)	(928)
Total liabilities and deficit	$4,524	$4,837

(a)SBG's 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. SBG's 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 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.