Sinclair, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
SBGI$14.23+4.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUES: | ||
| Media revenues | $770 | $792 |
| Non-media revenues | 6 | 6 |
| Total revenues | 776 | 798 |
| OPERATING EXPENSES: | ||
| Media programming and production expenses | 418 | 408 |
| Media selling, general and administrative expenses | 192 | 196 |
| Amortization of program costs | 19 | 19 |
| Non-media expenses | 11 | 12 |
| Depreciation of property and equipment | 26 | 25 |
| Corporate general and administrative expenses | 52 | 58 |
| Amortization of definite-lived intangible assets | 36 | 38 |
| Loss on asset dispositions and other, net | 8 | — |
| Total operating expenses | 762 | 756 |
| Operating income | 14 | 42 |
| OTHER INCOME (EXPENSE): | ||
| Interest expense including amortization of debt discount and deferred financing costs | (144) | (76) |
| Gain on extinguishment of debt | 2 | 1 |
| (Loss) income from equity method investments | (6) | 14 |
| Other (expense) income, net | (66) | 40 |
| Total other expense, net | (214) | (21) |
| (Loss) income before income taxes | (200) | 21 |
| INCOME TAX BENEFIT | 46 | 4 |
| NET (LOSS) INCOME | (154) | 25 |
| Net income attributable to the noncontrolling interests | (2) | (2) |
| NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR | $(156) | $23 |
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SINCLAIR: | ||
| Basic earnings per share | $(2.30) | $0.35 |
| Diluted earnings per share | $(2.30) | $0.35 |
| Basic weighted average common shares outstanding (in thousands) | 67,489 | 64,156 |
| Diluted weighted average common and common equivalent shares outstanding (in thousands) | 67,489 | 64,403 |
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