Sinclair Inc
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES: | ||
| Net income | $92 | $73 |
| Adjustments to reconcile net income to net cash flows from operating activities: | ||
| Amortization of definite-lived intangible and other assets | 98 | 114 |
| Depreciation of property and equipment | 76 | 80 |
| Amortization of program costs | 55 | 59 |
| Equity-based compensation | 42 | 34 |
| Deferred tax benefit | 24 | (237) |
| (Gain) loss on asset dispositions and other, net of impairment | (7) | 7 |
| Loss on deconsolidation of subsidiary | — | 10 |
| Income from equity method investments | — | (31) |
| (Income) loss from investments | (25) | 77 |
| Distributions from investments | — | 29 |
| Gain on extinguishment of debt | (1) | (15) |
| Change in assets and liabilities, net of acquisitions and asset transfer to Ventures: | ||
| Decrease in accounts receivable | 2 | 30 |
| Decrease (increase) in prepaid expenses and other current assets | 27 | (10) |
| Net change in due to/from member | (2) | (12) |
| (Decrease) increase in accounts payable and accrued and other current liabilities | (394) | 27 |
| Net change in net income taxes payable/receivable | (13) | (2) |
| Decrease in program contracts payable | (61) | (68) |
| Other, net | 1 | 7 |
| Net cash flows (used in) from operating activities | (86) | 172 |
| CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (61) | (71) |
| Purchases of investments | (4) | (37) |
| Distributions and proceeds from investments | 44 | 204 |
| Other, net | 1 | 6 |
| Net cash flows (used in) from investing activities | (20) | 102 |
| CASH FLOWS USED IN FINANCING ACTIVITIES: | ||
| Repayments of notes payable, commercial bank financing, and finance leases | (51) | (76) |
| Repurchase of outstanding Old Sinclair Class A Common Stock | — | (153) |
| Dividends paid on Old Sinclair Class A and Class B Common Stock | — | (18) |
| Repurchase of redeemable subsidiary preferred equity | — | (190) |
| Contributions from (distributions to) member, net | 48 | (429) |
| Distributions to noncontrolling interests, net | (8) | (10) |
| Other, net | — | (3) |
| Net cash flows used in financing activities | (11) | (879) |
| NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (117) | (605) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period | 319 | 884 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period | $202 | $279 |
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