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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 149,972 $ 17,682
Accounts receivable, net of allowance for doubtful accounts of $4,495 and $4,246, respectively 424,608 383,503
Current portion of program contract costs 91,466 88,198
Income taxes receivable 823 3,314
Prepaid expenses and other current assets 26,903 27,842
Deferred barter costs 7,991 5,626
Total current assets 701,763 526,165
PROGRAM CONTRACT COSTS, less current portion 18,996 38,531
PROPERTY AND EQUIPMENT, net 717,137 752,538
RESTRICTED CASH 3,725 0
GOODWILL 1,931,093 1,964,553
BROADCAST LICENSES 132,465 135,075
DEFINITE-LIVED INTANGIBLE ASSETS, net 1,751,570 1,818,263
OTHER ASSETS 175,566 175,203
Total assets [1] 5,432,315 5,410,328
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 251,313 260,848
Current portion of notes payable, capital leases and commercial bank financing 164,184 113,116
Current portion of notes payable and capital leases payable to affiliates 3,166 2,625
Current portion of program contracts payable 108,260 104,922
Deferred barter revenues 8,080 5,806
Total current liabilities 535,003 487,317
LONG-TERM LIABILITIES:    
Notes payable, capital leases and commercial bank financing, less current portion 3,669,160 3,754,822
Notes payable and capital leases to affiliates, less current portion 17,850 16,309
Program contracts payable, less current portion 56,921 60,605
Deferred tax liabilities 585,072 608,932
Other long-term liabilities 68,631 77,000
Total liabilities $ 4,932,637 $ 5,004,985
COMMITMENTS AND CONTINGENCIES
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Additional paid-in capital $ 962,726 $ 979,202
Accumulated deficit (437,029) (545,820)
Accumulated other comprehensive loss (834) (6,455)
Total Sinclair Broadcast Group shareholders’ equity 525,810 427,882
Noncontrolling interests (26,132) (22,539)
Total equity 499,678 405,343
Total liabilities and equity 5,432,315 5,410,328
Class A Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock 688 696
Class B Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock $ 259 $ 259
[1] (a) Our consolidated total assets as of December 31, 2015 and 2014 include total assets of variable interest entities (VIEs) of $152.4 million and $163.3 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of December 31, 2015 and 2014 include total liabilities of the VIEs of $35.6 million and $30.0 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 1. Nature of Operations and Summary of Significant Accounting Policies.