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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Table of Contents
FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 2025
TABLE OF CONTENTS
| PART I. FINANCIAL INFORMATION | 2 |
|---|---|
| ITEM 1. FINANCIAL STATEMENTS | 4 |
| ITEM 1A. FINANCIAL STATEMENTS OF SINCLAIR, INC. (UNAUDITED) | 4 |
| CONSOLIDATED BALANCE SHEETS | 5 |
| CONSOLIDATED STATEMENTS OF OPERATIONS | 6 |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME | 7 |
| CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTERESTS | 8 |
| CONSOLIDATED STATEMENTS OF CASH FLOWS | 10 |
| NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS | 11 |
| ITEM 1B. FINANCIAL STATEMENTS OF SINCLAIR BROADCAST GROUP, LLC (UNAUDITED) | 29 |
| CONSOLIDATED BALANCE SHEETS | 30 |
| CONSOLIDATED STATEMENTS OF OPERATIONS | 31 |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME | 32 |
| CONSOLIDATED STATEMENTS OF MEMBER’S DEFICIT AND NONCONTROLLING INTERESTS | 33 |
| CONSOLIDATED STATEMENTS OF CASH FLOWS | 35 |
| NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS | 36 |
| ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 52 |
| ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 64 |
| ITEM 4. CONTROLS AND PROCEDURES | 65 |
| PART II. OTHER INFORMATION | 66 |
| ITEM 1. LEGAL PROCEEDINGS | 66 |
| ITEM 1A. RISK FACTORS | 66 |
|---|---|
| ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 66 |
| ITEM 3. DEFAULTS UPON SENIOR SECURITIES | 66 |
| ITEM 4. MINE SAFETY DISCLOSURES | 66 |
| ITEM 5. OTHER INFORMATION | 66 |
| ITEM 6. EXHIBITS | 67 |
| SIGNATURE | 68 |
ITEM 1. FINANCIAL STATEMENTS
This report includes the Consolidated Financial Statements of Sinclair and SBG in Item 1A and Item 1B, respectively.
ITEM 1A. FINANCIAL STATEMENTS OF SINCLAIR, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.