SBGI Stock Cash Flow Statements

Sinclair Broadcast Group Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Sinclair Broadcast Group Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-09-30	2002-06-30	2002-03-31	2001-09-30

cash flows from (used in) operating activities:
net income	-62,000,000	-154,000,000	179,000,000	96,000,000	19,000,000	25,000,000	-340,000,000	-45,000,000	-87,000,000	193,000,000	62,000,000	29,000,000	-6,000,000	2,616,000,000	-41,000,000	17,000,000	-328,000,000	26,000,000	514,000,000	-3,367,000,000	273,000,000	151,000,000	87,000,000	-48,154,000	43,383,000	22,771,000	207,694,000	65,000,000	29,310,000	43,994,000	444,801,000	32,565,000	46,035,000	70,703,000	122,500,000	52,033,000	50,600,000	25,629,000	60,830,000	44,034,000	46,399,000	24,836,000	97,089,000	48,768,000	41,601,000	27,657,000	4,237,000	36,651,000	18,059,000	16,870,000	59,395,000	26,352,000	30,132,000	29,074,000	23,242,000	19,331,000	18,477,000	15,127,000	32,957,000	14,145,000	16,952,000	10,994,000	-69,568,000	16,100,000	2,586,000	-87,147,000	-282,837,000	11,655,000	13,278,000	16,413,000	9,901,000	2,197,000	-2,389,000	11,111,000	22,565,000	-717,000	31,578,000	145,140,000	11,309,000	-2,586,000	3,508,000	22,811,000	289,000	18,607,000	6,463,000	670,000	-1,348,000	-21,441,000	-1,424,000	-42,966,000	-29,859,000
adjustments to reconcile net income to net cash flows from (used in) operating activities:
amortization of definite-lived intangible and other assets	35,000,000	36,000,000	36,000,000	37,000,000	38,000,000	38,000,000	42,000,000	42,000,000	41,000,000	41,000,000	42,000,000	43,000,000	43,000,000	93,000,000	113,000,000	120,000,000	119,000,000	125,000,000	123,000,000	149,000,000	150,000,000	150,000,000	144,000,000	95,999,000	43,537,000	43,464,000		44,600,000	43,117,000	43,605,000		43,368,000	43,377,000	45,554,000		47,807,000	45,625,000	43,765,000		40,014,000	39,445,000	39,980,000		34,478,000	24,989,000	24,728,000		17,179,000	15,546,000	16,002,000		10,852,000	10,126,000	5,899,000		4,393,000	4,613,000	5,195,000		4,687,000	4,683,000	4,717,000
depreciation of property and equipment	24,000,000	26,000,000	25,000,000	26,000,000	25,000,000	25,000,000	25,000,000	24,000,000	32,000,000	24,000,000	24,000,000	24,000,000	24,000,000	28,000,000	30,000,000	28,000,000	28,000,000	28,000,000	27,000,000	25,000,000	26,000,000	24,000,000	28,000,000	23,675,000	22,305,000	23,020,000	29,763,000	25,035,000	23,117,000	27,325,000	25,077,000	24,442,000	23,603,000	23,981,000	24,199,000	25,886,000	24,409,000	24,035,000	27,495,000	25,476,000	25,273,000	25,189,000	28,319,000	25,342,000	25,252,000	24,378,000	23,446,000	17,281,000	15,168,000	14,659,000	13,344,000	13,171,000	12,726,000	9,630,000	9,428,000	7,673,000	7,927,000	8,125,000	8,625,000	9,081,000	9,166,000	9,691,000	10,504,000	10,064,000	10,595,000	12,054,000	11,023,000	11,771,000	11,618,000	10,615,000	10,435,000	11,632,000	10,897,000	10,367,000	10,907,000																10,075,000
amortization of program costs	17,000,000	19,000,000	19,000,000	18,000,000
stock-based compensation	11,000,000	22,000,000	6,000,000	8,000,000	10,000,000	27,000,000	3,000,000	6,000,000	13,000,000	23,000,000	4,000,000	8,000,000	9,000,000	29,000,000	8,000,000	9,000,000	10,000,000	33,000,000	13,000,000	10,000,000	12,000,000	17,000,000	7,000,000	6,364,000	8,817,000	10,819,000																	2,863,000	3,003,000																		2,321,000		362,000	238,000	289,000	629,000	784,000	2,691,000	1,979,000	456,000	1,975,000	698,000	463,000	422,000																217,000
deferred tax benefit	-3,000,000	-138,000,000					-121,000,000	-10,000,000	-20,000,000	-207,000,000					0	1,000,000	-90,000,000	-3,000,000	56,000,000	-709,000,000	27,000,000	22,000,000	46,000,000				-32,684,000	3,234,000	-56,829,000	-16,342,000			-3,942,000	-4,269,000	-513,000	9,428,000	-1,840,000	-957,000	-8,823,000	-2,255,000
loss on asset dispositions and other	9,000,000	8,000,000
loss (income) from equity method investments	1,000,000	6,000,000
income from investments			2,000,000	-15,000,000			13,000,000	25,000,000	51,000,000	2,000,000
distributions from investments	1,000,000	2,000,000	28,000,000	1,000,000	1,000,000	1,000,000	1,000,000	2,000,000	1,000,000	28,000,000	13,000,000	43,000,000	6,000,000	25,000,000	27,000,000	6,000,000	7,000,000	14,000,000	1,000,000	0	2,000,000	24,000,000	3,000,000	974,000																																																										5,000	32,000	19,000	0
gain on extinguishment of debt	-4,000,000	-2,000,000	0	0	0	-1,000,000		-4,000,000				0								0	-3,000,000	-2,000,000
debt issuance costs	0	68,000,000																	-12,000,000				-17,000,000
change in assets and liabilities, net of acquisitions:
decrease (increase) in accounts receivable											-28,000,000	19,000,000											7,000,000	57,514,000																				10,214,000	-10,336,000	17,498,000
increase in prepaid expenses and other current assets	-9,000,000	-29,000,000			-5,000,000	-3,000,000	7,000,000	8,000,000	-5,000,000	-42,000,000	-1,000,000	12,000,000	-8,000,000	-99,000,000	44,000,000	-57,000,000	-36,000,000	-37,000,000					29,000,000	-30,643,000	-2,121,000	-23,236,000	10,416,000	7,475,000	-9,443,000	-18,353,000	-8,352,000	-363,000	4,845,000	-5,539,000	3,375,000	1,273,000	13,316,000	-18,933,000	8,169,000	7,112,000																																																		673,000
increase in accounts payable and accrued and other current liabilities	80,000,000	24,000,000	-87,000,000	-26,000,000	-347,000,000	-35,000,000	490,000,000	-40,000,000	41,000,000	21,000,000	-63,000,000	20,000,000	24,000,000	5,000,000	33,000,000	45,000,000			103,000,000	47,000,000
net change in net income taxes payable/receivable	-43,000,000	92,000,000		-1,000,000	-2,000,000	-8,000,000		-1,000,000				2,000,000	-18,000,000	-3,000,000		-92,000,000	54,000,000	-4,000,000	18,000,000	-139,000,000	28,000,000	-34,000,000	-54,000,000	-41,474,000	-32,950,000	1,424,000	8,736,000	-7,603,000	47,329,000	241,000	-21,803,000	8,090,000	-62,174,000	32,513,000	27,225,000	-17,800,000	-465,000	9,854,000	-2,420,000
decrease in program contracts payable	-18,000,000	-19,000,000	-19,000,000	-20,000,000	-19,000,000	-22,000,000	-20,000,000	-22,000,000	-23,000,000	-23,000,000	-25,000,000	-26,000,000	-26,000,000	-26,000,000	-25,000,000	-27,000,000	-25,000,000	-25,000,000	-26,000,000	-23,000,000	-24,000,000	-23,000,000	-22,000,000	-23,193,000	-24,359,000	-24,448,000		-19,077,000
other	5,000,000	4,000,000		7,000,000	1,000,000	-6,000,000	-2,000,000	3,000,000	1,000,000	1,000,000			-9,000,000	10,000,000	0	4,000,000	10,000,000	14,000,000	-7,000,000	13,000,000	15,000,000	18,000,000	26,000,000	17,102,000	12,011,000	15,887,000	10,362,000	16,953,000	5,157,000	4,759,000	15,111,000	8,143,000	8,328,000	6,054,000	6,130,000	3,034,000	3,352,000	1,599,000	10,376,000	-3,964,000	6,089,000	1,244,000	-5,085,000	5,735,000	-5,078,000	6,279,000	9,518,000	-2,377,000	4,453,000	8,333,000	10,259,000	-5,864,000	5,185,000	5,092,000	6,965,000	-5,722,000	6,774,000	3,487,000	8,045,000	2,477,000
net cash flows from (used in) operating activities	122,000,000	5,000,000											137,000,000	70,000,000																																																																												66,170,000
cash flows (used in) from investing activities:
acquisition of property and equipment	-17,000,000	-16,000,000	-23,000,000	-17,000,000	-23,000,000	-21,000,000	-22,000,000	-30,000,000	-20,000,000	-20,000,000	-31,000,000	-29,000,000	-24,000,000	-21,000,000	-18,000,000	-24,000,000	-18,000,000	-20,000,000	-27,000,000	-33,000,000	-51,000,000	-46,000,000	-60,000,000	-34,405,000	-32,587,000	-29,008,000	-27,443,000	-25,350,000	-30,049,000	-22,219,000	-28,349,000	-21,956,000	-12,733,000	-20,774,000	-25,864,000	-18,815,000	-23,935,000	-25,851,000	-18,945,000	-25,414,000
acquisition of businesses, net of cash acquired	0	-25,000,000																-2,000,000													-1,474,000	-241,470,000	-20,329,000	-8,000,000	-1,000	-2,752,000	-38,445,000	-384,659,000
purchases of investments	-12,000,000	-8,000,000	-9,000,000	-9,000,000	-29,000,000	-3,000,000	-28,000,000	-5,000,000	-6,000,000	-33,000,000	-8,000,000	-6,000,000	-56,000,000	-5,000,000	-12,000,000	-80,000,000	-115,000,000	-49,000,000	-54,000,000	-37,000,000	-23,000,000	-25,000,000	-25,000,000	-383,406,000
distributions and proceeds from investments	6,000,000	7,000,000	18,000,000	1,000,000	107,000,000	77,000,000
net cash flows (used in) from investing activities	-23,000,000	-42,000,000																									-31,723,000	-29,073,000	-36,465,000	-20,950,000
cash flows used in financing activities:
proceeds from notes payable and commercial bank financing	0	1,430,000,000									0	0			0	0	351,000,000	6,000,000	872,000,000	74,000,000	0	873,000,000	503,000,000	9,452,491,000				1,327,000	1,653,000	363,000		2,952,000	0	163,089,000		403,757,000	8,705,000	598,850,000																																															2,000,000	262,336,000	54,000,000	487,000,000	16,500,000	300,000,000
repayments of notes payable, commercial bank financing, and finance leases	-83,000,000	-1,331,000,000	-9,000,000	-9,000,000	-9,000,000	-34,000,000	-9,000,000	-38,000,000	-29,000,000	-9,000,000									-794,000,000	-17,000,000	-908,000,000	-20,000,000
dividends paid on class a and class b common stock	-17,000,000	-17,000,000	-17,000,000	-16,000,000	-17,000,000	-16,000,000	-15,000,000	-16,000,000	-16,000,000	-18,000,000	-17,000,000	-17,000,000	-18,000,000	-18,000,000	-14,000,000	-16,000,000	-15,000,000	-15,000,000	-14,000,000	-14,000,000	-17,000,000	-18,000,000	-18,000,000	-18,235,000	-18,409,000	-18,356,000	-19,361,000	-18,410,000	-18,403,000	-18,392,000	-18,315,000	-18,305,000	-18,487,000	-16,257,000	-16,242,000	-16,886,000	-17,106,000	-15,675,000	-15,629,000	-15,640,000
distributions to noncontrolling interests	-3,000,000	-3,000,000	-4,000,000	-3,000,000	-3,000,000	-2,000,000	-3,000,000	-2,000,000	-4,000,000	-4,000,000	-2,000,000	-5,000,000	-2,000,000	-3,000,000	-32,000,000	-13,000,000	-20,000,000	-30,000,000	-13,000,000	-12,000,000	-4,000,000	-3,000,000	-2,000,000				-2,030,000	-3,355,000				-2,421,000	-2,340,000	-15,708,000
net cash flows used in financing activities	-114,000,000	-29,000,000	-28,000,000	-28,000,000	-27,000,000	-57,000,000	-28,000,000	-54,000,000	-148,000,000	-279,000,000	-35,000,000	-41,000,000	-175,000,000	-102,000,000		-64,000,000									-135,031,000	-137,503,000														-41,022,000
net decrease in cash, cash equivalents, and restricted cash	-15,000,000	-66,000,000		158,000,000	-277,000,000	-7,000,000		-85,000,000	105,000,000	-261,000,000		187,000,000	-101,000,000	-298,000,000		93,000,000
cash, cash equivalents, and restricted cash, beginning of period	0	697,000,000		0	0	662,000,000		0	0	884,000,000		0	0	819,000,000		0	0	1,262,000,000		0	0	1,333,000,000		-330,000	0	1,060,330,000		0	0	995,940,000
cash, cash equivalents, and restricted cash, end of period	-15,000,000	631,000,000		158,000,000	-277,000,000	655,000,000		-85,000,000	105,000,000	623,000,000		187,000,000	-101,000,000	521,000,000		93,000,000	23,000,000	945,000,000		11,000,000	-720,000,000	1,342,000,000		469,962,000	-46,309,000	975,347,000		8,258,000	-22,071,000	1,038,295,000
for the three months ended june 30, 2025
distribution revenue	-15,000,000	395,000,000		-1,000,000	0	384,000,000		-7,000,000	-8,000,000	380,000,000		-4,000,000	-7,000,000	392,000,000		9,000,000	2,000,000	361,000,000		7,000,000	-6,000,000	355,000,000
core advertising revenue	1,000,000	271,000,000		-2,000,000	1,000,000	284,000,000
political advertising revenue	0	6,000,000		98,000,000	16,000,000	24,000,000
other media, non-media, and intercompany revenues	-1,000,000	22,000,000		0	6,000,000	35,000,000		6,000,000	6,000,000	28,000,000		2,000,000	-16,000,000	47,000,000		2,000,000	7,000,000	37,000,000		-1,000,000	-1,000,000	36,000,000
total revenues	-15,000,000	694,000,000		95,000,000	23,000,000	727,000,000		-2,000,000	23,000,000	676,000,000		21,000,000	11,000,000	721,000,000		14,000,000	22,000,000	665,000,000		142,000,000	-109,000,000	701,000,000
for the six months ended june 30, 2025
for the three months ended june 30, 2024
for the six months ended june 30, 2024
loss (income) from investments		73,000,000									-11,000,000	-15,000,000	105,000,000	54,000,000
increase in accounts receivable		-33,000,000	-23,000,000	43,000,000	-21,000,000	-27,000,000									-71,000,000	-26,000,000											11,243,000	-44,952,000							5,400,000	-30,876,000
for the three months ended march 31, 2025
for the three months ended march 31, 2024
cash flows from operating activities:
adjustments to reconcile net income to net cash flows from operating activities:
amortization of sports programming rights											0	0	0	326,000,000	438,000,000	531,000,000	829,000,000	552,000,000	50,000,000	632,000,000	5,000,000	391,000,000
deferred tax provision			46,000,000	27,000,000	5,000,000	4,000,000					147,000,000	105,000,000	-35,000,000	689,000,000											910,000	2,075,000																													18,673,000	9,625,000	9,756,000	5,918,000
(gain) loss on asset dispositions and other, net of impairment			-9,000,000
gain on deconsolidation of subsidiary							0				0	0	0	-3,357,000,000
income from equity method investments			-26,000,000	0	-78,000,000	-14,000,000	1,000,000	0	1,000,000	-31,000,000		-33,000,000	-3,000,000	-12,000,000					13,000,000	10,000,000	7,000,000	6,000,000	-3,000,000	12,519,000	11,844,000	13,637,000
sports programming rights payments											0	0	0	-325,000,000	-496,000,000	-328,000,000	-403,000,000	-607,000,000	-221,000,000	-99,000,000	-413,000,000	-612,000,000
rebate payments to distributors											0	0	0	-15,000,000	0	0	-69,000,000	-133,000,000
changes in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:
decrease (increase) in prepaid expenses and other current assets			23,000,000																44,000,000	-29,000,000	-11,000,000	44,000,000																																																														-5,906,000	8,260,000
net change in current and long-term net income taxes payable/receivable
net cash flows from operating activities							92,000,000	1,000,000	80,000,000	62,000,000	341,000,000				92,000,000				709,000,000	505,000,000			422,000,000	271,309,000	123,016,000	99,675,000	274,513,000	116,207,000	155,755,000	100,943,000	152,693,000	136,929,000	71,840,000	69,642,000	261,506,000	120,602,000	75,643,000	134,015,000	89,207,000	133,472,000	66,397,000	111,619,000	72,057,000	178,413,000	43,724,000	136,260,000	9,938,000	97,269,000	3,668,000	49,702,000	74,171,000	83,029,000	12,792,000	67,483,000	20,163,000	60,563,000	13,291,000	54,496,000	48,026,000	46,770,000	24,215,000	35,950,000	21,861,000	32,116,000	27,687,000	23,772,000	73,038,000	48,331,000	41,725,000	48,040,000	50,874,000	17,010,000	23,242,000	48,192,000	47,350,000	4,598,000	2,024,000	24,989,000	22,938,000	40,741,000	36,764,000	15,718,000	26,890,000	34,872,000	32,218,000	7,642,000	74,021,000	46,642,000
cash flows from (used in) investing activities:
deconsolidation of subsidiary cash											0	0	0	-315,000,000
net cash flows from (used in) investing activities						54,000,000	-45,000,000	-32,000,000																									-53,792,000	155,159,000																									-548,000	4,702,000	7,101,000	20,680,000														-8,173,000	20,433,000													4,719,000
repurchase of outstanding class a common stock							0	0	-100,000,000	-53,000,000	-6,000,000	-10,000,000	-36,000,000	-68,000,000					0	-82,000,000	-85,000,000	-176,000,000	-20,000,000	34,000	-20,049,000	-104,985,000	-174,985,000				0				-35,119,000	-89,917,000			0	-21,020,000
dividends paid on redeemable subsidiary preferred equity											-2,000,000	-2,000,000	-2,000,000	-1,000,000	-1,000,000	0	0	-4,000,000	-4,000,000	-8,000,000			-23,000,000
repurchase of redeemable subsidiary preferred equity							0	0	0	-190,000,000
net increase in cash, cash equivalents, and restricted cash																		-317,000,000	629,000,000			9,000,000	-66,000,000	470,292,000	-46,309,000	-84,983,000	35,848,000	8,258,000	-22,071,000	42,355,000
cash, cash equivalents, and restricted cash, beginning of year
cash, cash equivalents, and restricted cash, end of year
balance at beginning of period
charged to expense
net write-offs
balance at end of period
cash flows (used in) from operating activities:
adjustments to reconcile net income to net cash flows (used in) from operating activities:
loss on deconsolidation of subsidiary
net cash flows (used in) from operating activities				210,000,000	-306,000,000	-4,000,000																-39,000,000
cash flows from investing activities:
net cash flows from investing activities				-24,000,000
for the three months ended september 30, 2024
for the nine months ended september 30, 2024
for the three months ended september 30, 2023
for the nine months ended september 30, 2023
loss on asset dispositions and other, net of impairment
for the three months ended june 30, 2023
for the six months ended june 30, 2023
amortization of program contract costs						19,000,000	21,000,000	18,000,000	19,000,000	22,000,000	22,000,000	22,000,000	21,000,000	25,000,000	26,000,000	22,000,000	22,000,000	23,000,000	23,000,000	19,000,000
(income) income from investments						-27,000,000										5,000,000
for the three months ended march 31, 2023
gain on asset dispositions and other, net of impairment							-8,000,000	0	5,000,000	6,000,000		-1,000,000	-4,000,000	-5,000,000		-4,000,000	-6,000,000	-14,000,000						-28,205,000	-13,775,000	-8,020,000
(gain) loss on extinguishment of debt
spectrum repack reimbursements										1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	2,000,000	4,000,000	4,000,000	14,000,000	18,000,000	20,000,000	28,000,000	24,000,000		27,881,000
proceeds from the sale of assets																			0	18,000,000	0	18,000,000					529,000	82,000	956,000	49,000																					-21,000	16,000			3,000	25,000	15,000	26,000					24,000	64,000	10,000	28,000	22,000	32,000	16,000	129,000	666,000	1,000	11,000	1,036,000	18,000
distributions to redeemable noncontrolling interests															-1,000,000	0	-3,000,000	-2,000,000	-5,000,000	0	0	-378,000,000
change in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:
decrease in accounts receivable								-15,000,000	22,000,000	4,000,000				16,000,000				6,000,000		-124,000,000	114,000,000	34,000,000				15,987,000				26,504,000				1,543,000				26,918,000		-2,870,000	-16,186,000	19,619,000												8,370,000				7,579,000				5,392,000	-11,692,000	-2,836,000	-1,575,000	16,926,000		14,326,000	114,000	11,237,000	10,185,000	-8,643,000	10,370,000
advertising revenue								-1,000,000	25,000,000	268,000,000		23,000,000	34,000,000	282,000,000		3,000,000	13,000,000	267,000,000		136,000,000	-102,000,000	310,000,000
for the three months ended september 30, 2022
for the nine months ended september 30, 2022
for the three months ended june 30, 2022
for the six months ended june 30, 2022
cash flows used in investing activities:
proceeds from sale of assets												0	5,000,000	4,000,000		4,000,000	11,000,000	28,000,000																																																																									31,000
net cash flows used in investing activities										-44,000,000	-29,000,000	-23,000,000	-63,000,000	-266,000,000	-15,000,000	-90,000,000	-115,000,000	-26,000,000	-61,000,000	-27,000,000	-48,000,000	-23,000,000		-9,395,551,000	-34,294,000	-47,155,000										-29,077,000	-73,814,000	-454,636,000		-37,640,000
for the three months ended march 31, 2022
impairment of goodwill and definite-lived intangible assets																			0
gain on asset disposition and other, net of impairment																					-28,000,000	-32,000,000
(income) income from equity method investments															-22,000,000	-12,000,000	-2,000,000	-9,000,000
measurement adjustment gain on variable payment obligations															-19,000,000				9,000,000
increase in other long-term liabilities														-7,000,000	2,000,000				78,000,000	35,000,000																													1,622,000	2,202,000		2,551,000			-78,000	-45,000	2,282,000	40,000																																	38,914,000
redemption of redeemable subsidiary preferred equity																			0	-349,000,000	0	-198,000,000
repayments of notes payable, commercial bank financing and finance leases												-9,000,000	-838,000,000	-7,000,000		-15,000,000	-359,000,000	-26,000,000						-606,446,000	-97,492,000	-11,062,000
for the three months ended september 30, 2021
for the nine months ended september 30, 2021
for the three months ended june 30, 2021
for the six months ended june 30, 2021
measurement adjustment loss on variable payment obligations														3,000,000
for the three months ended march 31, 2021
loss on extinguishment of debt																																																0
changes in assets and liabilities, net of acquisitions:
cash flows (used in) from financing activities:
proceeds from the issuance of redeemable subsidiary preferred equity																							0
net cash flows (used in) from financing activities																		-85,000,000	-19,000,000								-206,942,000	-78,876,000	-141,361,000	-37,638,000
for the three months ended september 30, 2020
for the nine months ended september 30, 2020
for the three months ended june 30, 2020
for the six months ended june 30, 2020
cash flows used in operating activities:
adjustments to reconcile net income to net cash flows used in operating activities:
(gain) income from investments																		-123,000,000
decrease in accounts payable and accrued and other current liabilities																		-72,000,000				-240,000,000
net cash flows used in operating activities																		-206,000,000
for the three months ended march 31, 2020
net (gain) income from investments
acquisition of business, net of cash acquired
for the three months ended september 30, 2019
other media, non-media, and intercompany revenue																				9,000,000	-1,000,000	11,000,000
for the nine months ended september 30, 2019
for the three months ended june 30, 2019
for the six months ended june 30, 2019
amortization of program contract costs and net realizable value adjustments																						23,000,000	22,000,000	21,979,000	22,084,000	23,937,000	24,757,000	24,482,000	24,710,000	26,950,000	27,561,000	28,047,000	28,896,000	31,019,000	31,158,000	32,441,000	30,821,000	33,460,000	34,605,000	29,841,000	29,782,000	30,391,000	30,492,000	28,622,000	23,574,000	23,941,000	24,179,000	19,035,000	18,686,000	19,025,000	17,696,000	14,500,000	15,467,000	14,280,000	13,962,000	12,833,000	12,666,000	12,618,000	13,700,000	15,945,000	15,303,000	15,914,000	15,443,000	17,021,000	19,865,000	20,758,000	21,175,000	21,744,000	21,794,000	19,709,000	29,194,000	23,108,000	21,384,000	25,318,000	24,122,000	18,600,000	18,827,000	16,560,000	17,350,000	19,774,000	25,367,000	22,478,000	26,561,000	26,063,000	26,470,000	23,859,000	28,690,000	30,728,000	34,504,000	33,781,000	27,254,000
cash flows from (used in) financing activities:
net cash flows from (used in) financing activities																						71,000,000	-435,000,000												-57,591,000	-90,707,000	-39,626,000	312,173,000									535,671,000	11,019,000			444,090,000	-16,615,000						55,400,000											-1,723,000	6,955,000																	2,205,000
for the three months ended march 31, 2019
income from extinguishment of debt
additions to sports programming rights
increase in accounts payable and accrued liabilities																							124,000,000	185,811,000			-30,391,000	-31,007,000			63,094,000	-4,827,000	35,535,000	-58,945,000	23,800,000	17,383,000	7,971,000	10,932,000	-24,029,000				-23,069,000			37,997,000	-20,070,000			13,689,000	-5,140,000	23,079,000	-3,189,000	21,135,000	-7,576,000	18,921,000	-3,639,000	17,358,000	7,394,000	8,657,000	6,416,000	10,845,000					8,083,000	1,543,000
spectrum repack reimbursements and auction proceeds
proceeds from the sale of class a common stock																																	0	487,883,000													513,000	0
amortization of prepaid program rights
additions to prepaid program rights
other media and non-media revenues
decrease in accounts payable and accrued liabilities																										-17,642,000				-8,473,000
payments for debt and equity investments																										-25,725,000
distributions from equity method investees																										695,000
amortization of definite-lived intangible assets
gain on asset dispositions, net of impairment
changes in assets and liabilities, net of effects of acquisitions and dispositions:
payments on program contracts payable																														-28,492,000	-26,971,000	-27,347,000	-28,552,000	-28,600,000	-26,881,000	-27,383,000	-28,627,000	-28,615,000	-26,463,000	-26,918,000
spectrum auction proceeds
purchase of alarm monitoring contracts																															0	0	0	-5,682,000	-11,063,000	-7,527,000	-14,599,000	-7,017,000	-7,845,000	-14,667,000
investments in equity investees																											-10,181,000	-7,628,000
loans to affiliates																																			0	0	0	-19,500,000
proceeds from notes payable, commercial bank financing and capital leases																																									356,987,000	7,866,000	439,230,000	958,766,000	96,839,000	5,885,000	1,079,478,000	36,471,000	1,061,216,000	101,128,000	631,548,000	60,573,000	370,652,000	184,482,000	15,384,000	3,398,000	4,618,000	128,333,000	250,874,000	24,031,000	4,180,000	4,845,000	849,108,000	17,803,000	24,880,000	89,084,000	41,416,000	89,275,000	64,441,000	79,511,000	53,516,000	395,200,000	276,500,000	0	6,000,000
repayments of notes payable, commercial bank financing and capital leases																											-12,541,000	-12,167,000	-125,127,000	-16,950,000	-18,192,000	-17,141,000	-16,746,000	-284,422,000	-17,228,000	-374,412,000	-18,345,000	-261,230,000	-20,043,000	-14,624,000
payments for deferred financing costs
stock-based compensation expense																												7,092,000	6,784,000	6,956,000		1,457,000	3,877,000	7,571,000		3,501,000	3,641,000	6,328,000		3,201,000	4,520,000	7,057,000
gain on asset disposition, net of impairment																												5,000	-3,911,000	-20,324,000
income from equity investments																												24,970,000																																																												-176,000	-14,000	1,625,000
distributions from equity investees																												8,358,000
net proceeds from the sale of class a common stock
assets
current assets:
accounts receivable
other current assets
total current assets
program contract costs, less current portion
property and equipment
goodwill and indefinite-lived intangible assets
definite-lived intangible assets
other assets
total assets
liabilities
current liabilities:
other current liabilities
notes payable, capital leases and commercial bank financing, less current portion
program contracts payable, less current portion
other long-term liabilities
total liabilities
loss on extinguishment of debt, non-cash portion																															0	0	0	1,404,000	0																																840,000	1,119,000	0	41,000	32,000	1,167,000	2,232,000
income from equity and cost method investments																														12,593,000																																						-658,000
investments in equity and cost method investees																														-7,750,000	-32,827,000	-1,612,000	-17,610,000	-3,080,000	-17,023,000	-12,381,000	-1,969,000	-19,874,000	-1,647,000	-5,259,000
distributions from equity and cost method investees																														10,832,000										1,804,000	4,016,000	4,152,000			783,000	739,000	937,000	1,050,000	1,043,000	2,228,000	76,000	3,522,000
(gain) loss on the sale of assets
net cash flow used in investing activities
noncontrolling interests distributions																																							-3,263,000	-4,191,000
net increase in cash and cash equivalents																															79,133,000	-193,854,000	-19,653,000	555,716,000	155,439,000	818,000	-37,797,000	-8,448,000	30,583,000	54,810,000	6,736,000	40,161,000			77,735,000	37,707,000	51,110,000	-321,818,000	524,987,000	2,960,000	-21,760,000	13,547,000	4,276,000	13,835,000		10,557,000	-72,836,000	101,672,000		-1,323,000	-9,514,000	29,110,000												34,913,000					10,840,000					15,823,000	-3,331,000	-33,452,000	44,363,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
gain on asset dispositions																																-34,000	-150,000	-53,347,000
proceeds from sale of non-media business																																-5,000	490,000	192,149,000
payments for deferred financing cost
net cash flows from financing activities																																-68,254,000	-37,701,000	330,915,000									96,769,000											147,312,000
cash and cash equivalents, beginning of period																																0	0	259,984,000		0	0	149,972,000		0	0	17,682,000		0	0	280,104,000		0	0	22,865,000		0	0	12,967,000		279,000	0	21,695,000		0	0	23,224,000		0	0	16,470,000		0	0	20,980,000	0	0	67,408,000		0		0	0	10,491,000		0	0	28,730,000	0	0	0	5,327,000	0	0	32,063,000
cash and cash equivalents, end of period																																-193,854,000	-19,653,000	815,700,000		818,000	-37,797,000	141,524,000		54,810,000	6,736,000	57,843,000		-296,196,000	77,735,000	317,811,000		-321,818,000	524,987,000	25,825,000		13,547,000	4,276,000	26,802,000		10,836,000	-72,836,000	123,367,000		-1,323,000	-9,514,000	52,334,000		-2,856,000	1,848,000	11,232,000		735,000	-1,683,000	12,594,000	1,262,000	-6,269,000	15,450,000		24,885,000		13,480,000	-16,685,000	21,331,000		1,717,000	-8,984,000	16,363,000	15,823,000	-3,331,000	-33,452,000	49,690,000	36,905,000	-208,000	7,372,000	5,568,000
real estate held for development and sale																																							2,866,000	-1,151,000
decrease (increase) in restricted cash																																																			42,652,000
proceeds from termination of life insurance policies																																											0	0	0	17,042,000
gain on the sale of assets
original debt issuance discount paid
payments for acquisitions of television stations, net of cash acquired
proceeds from the sale of broadcast assets
increase in restricted cash
investment in marketable securities
distributions from cost method investees
payments for acquisition of television stations
payments for acquisition of assets in other operating divisions
proceeds from sale of broadcast assets																																																0	13,680,000	14,312,000
increase in income taxes payable																																									-12,081,000	29,786,000	-13,316,000	4,574,000	369,000	16,626,000				441,000	2,197,000	-3,010,000	-53,000	10,016,000		1,194,000	1,947,000	2,218,000																-5,567,000		-16,719,000	-26,662,000
(increase) in accounts receivable
decrease increase in restricted cash
net cash flows (used in) investing activities
cash flows from financing activities:
redemption of 3% convertible notes
proceeds from class a common stock sold by variable interest entity																																															0	0	9,863,000	1,045,000					0	0	0	1,808,000
proceeds from sale of assets in other operating divisions
proceeds from the sale of real estate investment																																																		5,516,000
repayments of notes and capital leases to affiliates
impairment of goodwill, intangible and other assets																																																															119,458,000	243,000	0	130,098,000
decrease in income taxes receivable																																																						225,000
increase in other assets
payments for acquisitions of television stations
payments for acquisitions of assets of other operating divisions
deferred tax
payments for acquisitions in other operating divisions
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.5 million and 0.2 million, respectively																																																62,000
investments in marketable securities
proceeds from insurance settlement																																																				9,000	4,000	19,000		0	0	1,736,000																			3,000
proceeds from sale of real estate investment
proceeds from loans to affiliates																																																	64,000	13,000	43,000	-368,000	91,000	417,000	90,000	35,000	28,000	89,000	2,000	45,000	24,000	46,000	4,000	71,000	40,000	42,000	44,000	49,000	45,000	41,000	39,000	44,000	35,000	36,000	36,000	32,000	31,000	34,000	28,000	-671,000	174,000	202,000	1,806,000	351,000	164,000	98,000	290,000
other investing activities																																																		335,000
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.4 million and 0.2 million, respectively																																																		1,242,000
amortization of debt discount, net of debt premium																																																											1,240,000	1,202,000	1,214,000	1,307,000		2,768,000	2,717,000	2,861,000	878,000	812,000	813,000	787,000	750,000	452,000	702,000	700,000
investment in debt securities
proceeds from insurance settlements
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.3 million, 0.7 million and 0 million, respectively
purchase of subsidiary shares from noncontrolling interests
amortization of deferred financing costs																																																																842,000	892,000	896,000	1,010,000	998,000	998,000	1,048,000	973,000	825,000	539,000	556,000	587,000	737,000	685,000	700,000	654,000	654,000	658,000	773,000	754,000	742,000	740,000	752,000	756,000	874,000	1,175,000	1,138,000
stock based compensation
recognition of deferred revenue
acquisition of television stations
payments for acquisition of assets of other operating divisions
purchase of investments
proceeds from sale of equity investments
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.2 million and 0.7 million, respectively																																																				48,000
decrease in restricted cash																																																					38,500,000	20,000,000			0	5,058,000		17,488,000	15,495,000	26,556,000
decrease (increase) in other assets																																																						395,000																2,702,000
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.2 million and 0.6 million, respectively																																																						279,000
gain on extinguishment of debt, non-cash portion																																																											1,973,000	3,114,000	149,000	289,000
decrease (increase) in income taxes receivable																																																													512,000	179,000							-1,278,000	3,189,000
proceeds from the sale of equity method investment
proceeds from share based awards, including excess tax benefits of 0.7 million, 0 million and 0 million, respectively
repurchase of class a common stock
noncontrolling interests (distributions) contributions
amortization of deferred financing cost
original debt issuance discount paid on extinguishment of debt
change in assets and liabilities:
increase in income taxes receivable
acquisition of intangibles
dividends and distributions from equity and cost method investees																																																								1,284,000	516,000	832,000	0	751,000	122,000	21,000		133,000	415,000	286,000	547,000	441,000	304,000	401,000	489,000
proceeds from sale of equity investment
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.7 million and 0 million, respectively																																																								-114,000
proceeds from exercise of stock options, including excess tax benefits of share based payments of 0.6 million and 0 million, respectively																																																										1,737,000
increase in other assets and liabilities
consolidation of variable interest entity																																																																			0	0	-858,000	2,186,000										0	0	0	239,000
payments for acquisitions of other operating divisions companies
proceeds from derivative terminations																																																																			0	0	0	8,001,000
deferred tax benefit related to operations																																																												5,847,000	9,220,000	6,682,000																				14,616,000	47,000						6,184,000	5,509,000	-6,497,000
decrease in other long-term liabilities
decrease in prepaid expenses and other current assets																																																														672,000		1,096,000	-358,000	722,000	281,000	733,000	-1,062,000	4,169,000	2,958,000	-5,534,000	6,729,000						7,629,000				5,425,000				12,867,000
noncontrolling interests contributions
amortization of definite-lived intangible assets and other assets																																																															4,672,000	6,230,000	6,252,000	5,201,000	4,648,000	4,606,000	4,547,000	4,539,000	4,587,000	4,365,000	4,367,000	4,826,000	4,435,000	4,446,000	4,471,000	4,537,000	4,543,000	4,666,000	4,759,000	4,805,000	4,805,000			4,812,000	4,857,000	4,771,000
(gain) loss on extinguishment of debt, non-cash portion
increase in taxes receivable
decrease (increase) in other assets and liabilities
dividends and distributions from cost method investees																																																															41,000	62,000	201,000	1,197,000	0	0	715,000	860,000	-137,000
proceeds from the sale of broadcast assets related to discontinued operations																																																																										0	0	0	5,771,000
purchase of noncontrolling interest
proceeds from exercise of stock options, including excess tax benefits of 0 million, 0 million and 1.9 million, respectively
contributions/distributions to noncontrolling interests
gain on asset exchange
accretion of capital leases																																																																34,000	18,000	50,000	196,000	212,000	214,000	222,000	230,000	232,000	231,000	118,000	60,000	109,000	195,000	159,000	175,000	174,000	177,000	176,000	179,000	161,000	189,000
(income) income from equity and cost method investments
gain on sale of property																																																																																								-172,000	418,000	48,000
gain from derivative instruments																																																																50,000
excess tax benefit for stock options exercised
amortization of derivative instruments																																																																						39,000	133,000	424,000	134,000	135,000	134,000	134,000	134,000	136,000	134,000	135,000	134,000	415,000	414,000	415,000	414,000	415,000	414,000	485,000	255,000	254,000	220,000
amortization of net periodic pension benefit costs																																																																88,000	87,000	88,000	30,000	48,000	48,000	48,000	59,000	59,000	60,000
net effect of change in deferred barter revenues and deferred barter costs																																																																550,000	18,000	60,000				128,000													45,000
purchase of subsidiary shares from noncontrolling interest
noncontrolling interest contributions																																																																-100,000
net decrease in cash and cash equivalents
excess tax benefit from stock options exercised
loss (income) from equity and cost method investments																																																																		445,000					-878,000
contributions from noncontrolling interest																																																																		226,000
loss (income) income from equity and cost method investments
(gain) loss on sale of property
gain on sale of broadcast assets related to discontinued operations
impairment of intangibles																																																																			462,261,000	0
deferred tax provision related to discontinued operations																																																																												4,159,000
decrease (increase) in taxes receivable																																																																																								-19,574,000
increase in minority interest																																																																						5,000	131,000	-19,000	39,000
proceeds from exercise of stock options, including excess tax benefits of 0 million, 1.9 million and 0.1 million, respectively
payments for derivative terminations
excess tax benefits on employee stock awards																																																																						18,000
deferred tax provision related to operations																																																																				14,296,000	8,652,000	8,036,000	11,576,000	3,397,000	877,000		-9,778,000	19,757,000	7,288,000	12,237,000	5,297,000	-5,990,000
payments for acquisitions of other operating divisions’ companies
proceeds from exercise of stock options, including excess tax benefits of 34 and 1,851, respectively
(gain) income from derivative instruments
proceeds from exercise of stock options, including excess tax benefits of 0 and 1,844, respectively
proceeds from exercise of stock options, including excess tax benefits of 0 million and 1,574 million, respectively
loss on sale of property																																																																							30,000	-4,000	12,000		-4,000	11,000			11,000	7,000	12,000	-36,000	69,000		2,000	367,000	20,000
excess tax benefits for stock options exercised
deferred tax benefit related to discontinued operations
increase in affiliate receivable
decrease in other assets
payments for acquisition of television station
proceeds from exercise of stock options, including excess tax benefits of 1,851
decrease in income taxes payable
payments for acquisition of an other operating divisions’ company
proceeds from exercise of stock options, including excess tax benefits of 1,844
loss (income) from equity and cost investees																																																																									180,000
unrealized gain from derivative instruments																																																																																			95,000
dividends and distributions from equity and cost investees																																																																									88,000		136,000	1,549,000	608,000
dividends and distributions from cost investees																																																																									435,000
investments in equity and cost investees
proceeds from exercise of stock options																																																																									11,357,000			105,000	55,000	5,000	13,000	0	0	95,000	1,057,000	988,000	160,000	255,000	28,000	506,000	655,000	1,275,000	362,000
(income) income from equity and cost investees
gain on involuntary conversion, non-cash portion
income from extinguishment of debt, non-cash portion																																																																										0
deferred tax provision related to continuing operations
increase in other long-term assets
decrease in minority interest
dividends and distributions of earnings from equity and cost investees
payments on program contracts
proceeds from the sale of equity investees																																																																												0
dividends paid on series d convertible exchangeable preferred stock
repurchase of series d convertible exchangeable preferred stock
decrease in taxes receivable																																																																												0	0			-213,000	-272,000	808,000	1,005,000		-63,000	1,160,000	36,425,000			37,207,000
decrease in other long-term assets																																																																											97,000
amortization of debt discount, net of
amortization of debt premium
depreciation and amortization of property and equipment																																																																												11,952,000	12,201,000	13,489,000	13,189,000	12,804,000	12,574,000	13,100,000	12,399,000		11,767,000	11,509,000	11,098,000	10,617,000	9,760,000	9,964,000
impairment of goodwill
extinguishment of debt, non-cash portion																																																																												0	0			0	4,000				0
distribution from equity investments																																																																												-37,000
redemption of high yield trust originated preferred securities
amortization of deferred compensation																																																																													484,000	443,000	233,000	1,781,000	3,000	21,000	101,000	-112,000	117,000	117,000	144,000	183,000	183,000	183,000
decrease in accounts receivables																																																																															11,769,000
decrease in other long term assets																																																																													-74,000				238,000	-233,000	509,000		-1,423,000	2,000	2,560,000
payment for acquisition of television stations
contributions in equity and cost investees
proceeds from the sale of property																																																																													26,000
proceeds from commercial bank financing and notes payable																																																																													19,000,000			22,000,000	42,000,000
dividends paid on series d convertible preferred stock
dividends paid on class a common stock
repurchase of series d convertible preferred stock
deferred tax benefit related to deferred gain
deferred tax provision related to sale of assets from discontinued operations																																																																														21,209,000	1,659,000
increase in accounts receivables
payment for acquisition of television station
contributions in equity investments
income from equity and cost investees
unrealized (gain) income from derivative instruments
decrease (increase) in minority interest																																																																															17,000
increase in other long term assets																																																																																										1,834,000
dividends and distributions in investments
proceeds from sale of property																																																																															21,000	16,000	6,000	5,000	12,000	0	0	30,000	108,000	623,000	25,000	29,000
amortization of debt (premium) discount
gain on involuntary conversion-non cash portion
cumulative effect of change in accounting principle																																																																																								0	0	41,608,000
deferred tax benefit related to sale of broadcast assets from discontinued operations
deferred tax provision related to extraordinary loss
deferred tax benefit related to change in accounting principle
dividends and distributions from equity investees																																																																																2,007,000
payments for acquisition of television station and related assets
repayment of note receivable																																																																																								0	0	30,257,000
dividends paid on common stock
repurchase of series d preferred stock
proceeds from termination of derivative instruments
amortization of debt discount																																																																																								25,000	24,000	25,000	25,000
decrease in receivables																																																																																			17,315,000		7,777,000	-12,990,000	23,233,000	13,523,000	-23,175,000	25,628,000
payment for acquisition of television station licenses and related assets
contributions in investments
dividends paid on series d preferred stock
increase in receivables
dividends from equity method investees
repurchases of class a common stock
deposit related to the acquisition of broadcast assets
additional investments
adjustments to reconcile net income to net cash flows from operating activities-
non-cash (gain)/income from equity investments
impairment and write down of long-lived assets																																																																																											-1,000
contract termination costs
unrealized (gain) loss on derivative instrument
extinguishment of securities, non-cash portion
deferred tax benefit related to extraordinary loss
changes in assets and liabilities, net of effects of acquisitions and dispositions
payments relating to the acquisition of broadcast assets
deposits received on future sale of broadcast assets																																																																																											0
payment from equity put options premium
adjustments to reconcile net income to net cash flows from operating activities
(income) income from equity investments
gain on sale of broadcasting assets related to discontinued operations
amortization from definite-lived intangible assets and other assets
income from cumulative effect of change in accounting principle
changes in assets and liabilities, net of effect of acquisitions and dispositions
repayment of notes and capital leases to affiliates
unrealized income from derivative instruments
extinguishment of debt
distributions from joint ventures																																																																																							251,000	0	20,000	269,000
contributions in investments in affiliates
receivables from affiliates
deferred financing costs
extraordinary loss																																																																																								6,265,000	-363,000	1,036,000	1,000
changes in assets and liabilities, net of effects of acquisitions and dispositions-
decrease (increase) in other long term assets																																																																																								387,000
income tax payments related to the sale of broadcast assets
loans to officers and affiliates
proceeds from loans to officers and affiliates
payment of equity put option premium
adjustments to reconcile net income to net cash flows from operating activities—
unrealized loss on derivative instrument
changes in assets and liabilities, net of effects of acquisitions and dispositions—
repayments of loans to officers and affiliates																																																																																									50,000	6,607,000	-188,000
(gain) loss on derivative instrument
amortization of acquired intangible broadcast assets, non-compete and consulting agreements and other assets																																																																																										4,915,000
amortization of acquired intangible broadcasting assets, non-compete and consulting agreements and other assets																																																																																											27,135,000
cumulative adjustment for change in assets held for sale
proceeds from commercial bank financing																																																																																											47,500,000
payment of equity put options premium
adjustments to reconcile net income to net cash flows from (used in) operating activities-
unrealized gain on derivative instrument
gain from equity investments
distributions from (investments in) joint ventures
net cash flows used in investing activities..

We provide you with 20 years of cash flow statements for Sinclair Broadcast Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Sinclair Broadcast Group stock. Explore the full financial landscape of Sinclair Broadcast Group stock with our expertly curated income statements.

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