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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of condensed consolidating balance sheet
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2015
(In thousands)
 
 
Sinclair
Broadcast
Group,
Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Cash and cash equivalents
$
—

 
$
115,771

 
$
235

 
$
33,966

 
$
—

 
$
149,972

Accounts and other receivables
—

 
1,775

 
390,142

 
33,949

 
(1,258
)
 
424,608

Other current assets
3,648

 
5,172

 
99,118

 
23,278

 
(4,033
)
 
127,183

Total current assets
3,648

 
122,718

 
489,495

 
91,193

 
(5,291
)
 
701,763

 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
2,884

 
20,336

 
559,042

 
143,667

 
(8,792
)
 
717,137

 
 
 
 
 
 
 
 
 
 
 
 
Investment in consolidated subsidiaries
497,262

 
3,430,434

 
4,179

 
—

 
(3,931,875
)
 
—

Other long-term assets
52,128

 
673,915

 
110,507

 
140,910

 
(779,173
)
 
198,287

Goodwill
—

 
—

 
1,926,814

 
4,279

 
—

 
1,931,093

Broadcast licenses
—

 
—

 
114,841

 
17,624

 
—

 
132,465

Definite-lived intangible assets
—

 
—

 
1,602,454

 
206,975

 
(57,859
)
 
1,751,570

Total assets
$
555,922

 
$
4,247,403

 
$
4,807,332

 
$
604,648

 
$
(4,782,990
)
 
$
5,432,315

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
104

 
$
49,428

 
$
179,156

 
$
27,462

 
$
(4,837
)
 
$
251,313

Current portion of long-term debt
—

 
57,640

 
1,611

 
106,358

 
(1,425
)
 
164,184

Current portion of affiliate long-term debt
1,651

 
—

 
1,311

 
456

 
(252
)
 
3,166

Other current liabilities
—

 
—

 
103,627

 
12,713

 
—

 
116,340

Total current liabilities
1,755

 
107,068

 
285,705

 
146,989

 
(6,514
)
 
535,003

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,594,218

 
32,743

 
42,199

 
—

 
3,669,160

Affiliate long-term debt
1,857

 
—

 
14,240

 
366,042

 
(364,289
)
 
17,850

Other liabilities
26,500

 
28,866

 
1,060,211

 
171,102

 
(576,055
)
 
710,624

Total liabilities
30,112

 
3,730,152

 
1,392,899

 
726,332

 
(946,858
)
 
4,932,637

 
 
 
 
 
 
 
 
 
 
 
 
Total Sinclair Broadcast Group equity
525,810

 
517,251

 
3,414,433

 
(91,703
)
 
(3,839,981
)
 
525,810

Noncontrolling interests in consolidated subsidiaries
—

 
—

 
—

 
(29,981
)
 
3,849

 
(26,132
)
Total liabilities and equity
$
555,922

 
$
4,247,403

 
$
4,807,332

 
$
604,648

 
$
(4,782,990
)
 
$
5,432,315

CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2014
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Cash and cash equivalents
$
—

 
$
3,394

 
$
1,749

 
$
12,539

 
$
—

 
$
17,682

Accounts and other receivables
—

 
164

 
359,486

 
25,111

 
(1,258
)
 
383,503

Other current assets
5,741

 
12,996

 
98,751

 
19,225

 
(11,733
)
 
124,980

Total current assets
5,741

 
16,554

 
459,986

 
56,875

 
(12,991
)
 
526,165

 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
3,949

 
17,554

 
569,372

 
168,762

 
(7,099
)
 
752,538

 
 
 
 
 
 
 
 
 
 
 
 
Investment in consolidated subsidiaries
395,225

 
3,585,037

 
3,978

 
—

 
(3,984,240
)
 
—

Other long-term assets
65,988

 
555,877

 
134,454

 
128,247

 
(670,832
)
 
213,734

Goodwill
—

 
—

 
1,963,254

 
1,299

 
—

 
1,964,553

Broadcast Licenses
—

 
—

 
118,115

 
16,960

 
—

 
135,075

Definite-lived intangible assets
—

 
—

 
1,698,919

 
184,441

 
(65,097
)
 
1,818,263

Total assets
$
470,903

 
$
4,175,022

 
$
4,948,078

 
$
556,584

 
$
(4,740,259
)
 
$
5,410,328

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
541

 
$
46,083

 
$
201,102

 
$
26,802

 
$
(13,680
)
 
$
260,848

Current portion of long-term debt
529

 
42,953

 
1,302

 
68,332

 
—

 
113,116

Current portion of affiliate long-term debt
1,464

 
—

 
1,182

 
1,026

 
(1,047
)
 
2,625

Other current liabilities
—

 
—

 
100,979

 
9,749

 


 
110,728

Total current liabilities
2,534

 
89,036

 
304,565

 
105,909

 
(14,727
)
 
487,317

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,638,286

 
34,338

 
82,198

 
—

 
3,754,822

Affiliate long-term debt
3,508

 
—

 
12,802

 
319,901

 
(319,902
)
 
16,309

Other liabilities
36,979

 
28,856

 
1,010,101

 
169,935

 
(499,334
)
 
746,537

Total liabilities
43,021

 
3,756,178

 
1,361,806

 
677,943

 
(833,963
)
 
5,004,985

 
 
 
 
 
 
 
 
 
 
 
 
Total Sinclair Broadcast Group equity
427,882

 
418,844

 
3,586,272

 
(94,632
)
 
(3,910,484
)
 
427,882

Noncontrolling interests in consolidated subsidiaries
—

 
—

 
—

 
(26,727
)
 
4,188

 
(22,539
)
Total liabilities and equity
$
470,903

 
$
4,175,022

 
$
4,948,078

 
$
556,584

 
$
(4,740,259
)
 
$
5,410,328
Schedule of condensed consolidating statement of operations and comprehensive income
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2015
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
2,076,851

 
$
221,633

 
$
(79,348
)
 
$
2,219,136

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
725,037

 
82,450

 
(74,288
)
 
733,199

Selling, general and administrative
4,441

 
58,543

 
418,885

 
14,272

 
(167
)
 
495,974

Depreciation, amortization and other operating expenses
1,065

 
3,779

 
433,690

 
131,373

 
(2,680
)
 
567,227

Total operating expenses
5,506

 
62,322

 
1,577,612

 
228,095

 
(77,135
)
 
1,796,400

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(5,506
)
 
(62,322
)
 
499,239

 
(6,462
)
 
(2,213
)
 
422,736

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
170,104

 
343,183

 
195

 
—

 
(513,482
)
 
—

Interest expense
(382
)
 
(180,166
)
 
(4,658
)
 
(30,022
)
 
23,781

 
(191,447
)
Other income (expense)
4,765

 
(151
)
 
269

 
(2,379
)
 
—

 
2,504

Total other income (expense)
174,487

 
162,866

 
(4,194
)
 
(32,401
)
 
(489,701
)
 
(188,943
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
2,543

 
81,626

 
(146,331
)
 
4,468

 
—

 
(57,694
)
Net income (loss)
171,524

 
182,170

 
348,714

 
(34,395
)
 
(491,914
)
 
176,099

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(4,914
)
 
339

 
(4,575
)
Net income (loss) attributable to Sinclair Broadcast Group
$
171,524

 
$
182,170

 
$
348,714

 
$
(39,309
)
 
$
(491,575
)
 
$
171,524

Comprehensive income (loss)
$
181,720

 
$
187,791

 
$
351,760

 
$
(39,309
)
 
$
(500,242
)
 
$
181,720

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2014
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
1,870,408

 
$
192,616

 
$
(86,466
)
 
$
1,976,558

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
76

 
573,725

 
86,266

 
(81,380
)
 
578,687

Selling, general and administrative
4,320

 
57,799

 
359,880

 
14,795

 
(2,079
)
 
434,715

Depreciation, amortization and other operating expenses
1,068

 
5,425

 
367,514

 
96,265

 
(1,767
)
 
468,505

Total operating expenses
5,388

 
63,300

 
1,301,119

 
197,326

 
(85,226
)
 
1,481,907

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(5,388
)
 
(63,300
)
 
569,289

 
(4,710
)
 
(1,240
)
 
494,651

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
211,782

 
373,228

 
(201
)
 
—

 
(584,809
)
 
—

Interest expense
(573
)
 
(163,347
)
 
(4,869
)
 
(27,364
)
 
21,291

 
(174,862
)
Other income (expense)
4,377

 
(14,651
)
 
998

 
2,024

 
10

 
(7,242
)
Total other income (expense)
215,586

 
195,230

 
(4,072
)
 
(25,340
)
 
(563,508
)
 
(182,104
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
2,081

 
83,897

 
(185,193
)
 
1,783

 
—

 
(97,432
)
Net income (loss)
212,279

 
215,827

 
380,024

 
(28,267
)
 
(564,748
)
 
215,115

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(2,836
)
 
—

 
(2,836
)
Net income (loss) attributable to Sinclair Broadcast Group
$
212,279

 
$
215,827

 
$
380,024

 
$
(31,103
)
 
$
(564,748
)
 
$
212,279

Comprehensive income (loss)
$
211,759

 
$
213,284

 
$
378,926

 
$
(27,982
)
 
$
(564,228
)
 
$
211,759

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2013
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
1,296,736

 
$
123,017

 
$
(56,622
)
 
$
1,363,131

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
15

 
357

 
391,410

 
52,492

 
(57,628
)
 
386,646

Selling, general and administrative
3,733

 
48,363

 
241,548

 
10,694

 
82

 
304,420

Depreciation, amortization and other operating expenses
1,307

 
3,105

 
275,889

 
68,215

 
(471
)
 
348,045

Total operating expenses
5,055

 
51,825

 
908,847

 
131,401

 
(58,017
)
 
1,039,111

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(5,055
)
 
(51,825
)
 
387,889

 
(8,384
)
 
1,395

 
324,020

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
97,138

 
309,388

 
1,009

 
—

 
(407,535
)
 
—

Interest expense
(1,083
)
 
(152,174
)
 
(4,965
)
 
(25,624
)
 
20,909

 
(162,937
)
Other income (expense)
4,633

 
(59,033
)
 
245

 
5,361

 
(6,781
)
 
(55,575
)
Total other income (expense)
100,688

 
98,181

 
(3,711
)
 
(20,263
)
 
(393,407
)
 
(218,512
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
(22,165
)
 
47,645

 
(73,266
)
 
2,637

 
3,900

 
(41,249
)
Income from discontinued operations, net of tax
—

 
11,063

 
495

 
—

 
—

 
11,558

Net income (loss)
73,468

 
105,064

 
311,407

 
(26,010
)
 
(388,112
)
 
75,817

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(2,349
)
 
—

 
(2,349
)
Net income (loss) attributable to Sinclair Broadcast Group
$
73,468

 
$
105,064

 
$
311,407

 
$
(28,359
)
 
$
(388,112
)
 
$
73,468

Comprehensive income (loss)
$
78,257

 
$
107,243

 
$
311,407

 
$
(28,098
)
 
$
(390,552
)
 
$
78,257
Schedule of condensed consolidating statement of cash flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2015
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES
$
(3,759
)
 
$
(133,595
)
 
$
530,768

 
$
(16,864
)
 
$
24,145

 
400,695

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Acquisition of property and equipment
—

 
(6,605
)
 
(84,079
)
 
(2,586
)
 
1,849

 
(91,421
)
Payments for acquisition of television stations
—

 
—

 
(17,011
)
 
—

 
—

 
(17,011
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(39,185
)
 
—

 
(39,185
)
Proceeds from sale of broadcast assets
—

 
—

 
23,650

 
—

 
—

 
23,650

Investments in equity and cost method investees
—

 
(8,998
)
 
(27
)
 
(35,690
)
 
—

 
(44,715
)
Other, net
4,598

 
(5,447
)
 
575

 
17,645

 
—

 
17,371

Net cash flows (used in) from investing activities
4,598

 
(21,050
)
 
(76,892
)
 
(59,816
)
 
1,849

 
(151,311
)
 
 
 


 
 
 
 
 
 
 


CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Proceeds from notes payable, commercial bank financing and capital leases
—

 
349,562

 
—

 
33,325

 
—

 
382,887

Repayments of notes payable, commercial bank financing and capital leases
(528
)
 
(382,691
)
 
(1,286
)
 
(10,642
)
 
—

 
(395,147
)
Dividends paid on Class A and Class B Common Stock
(62,733
)
 
—

 
—

 
—

 
—

 
(62,733
)
Repurchase of outstanding Class A Common Stock
(28,823
)
 
—

 
—

 
—

 
—

 
(28,823
)
Payments for deferred financing cost
—

 
(3,604
)
 
—

 
(243
)
 
—

 
(3,847
)
Noncontrolling interests distributions
—

 
—

 
—

 
(9,918
)
 
—

 
(9,918
)
Increase (decrease) in intercompany payables
89,319

 
303,755

 
(452,897
)
 
85,953

 
(26,130
)
 
—

Other, net
1,926

 
—

 
(1,207
)
 
(368
)
 
136

 
487

Net cash flows (used in) from financing activities
(839
)
 
267,022

 
(455,390
)
 
98,107

 
(25,994
)
 
(117,094
)
 


 


 


 


 


 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
112,377

 
(1,514
)
 
21,427

 
—

 
132,290

CASH AND CASH EQUIVALENTS, beginning of period
—

 
3,394

 
1,749

 
12,539

 
—

 
17,682

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
115,771

 
$
235

 
$
33,966

 
$
—

 
$
149,972

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2014
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES
$
(26,528
)
 
$
(147,940
)
 
$
628,103

 
$
(35,694
)
 
$
12,513

 
$
430,454

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

Acquisition of property and equipment
—

 
(8,864
)
 
(71,152
)
 
(2,722
)
 
1,280

 
(81,458
)
Payments for acquisition of television stations
—

 
—

 
(1,485,039
)
 
—

 
—

 
(1,485,039
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(27,701
)
 
—

 
(27,701
)
Proceeds from sale of broadcast assets
—

 
—

 
176,675

 
—

 
—

 
176,675

Decrease in restricted cash
—

 
11,525

 
91

 
—

 
—

 
11,616

Investments in equity and cost method investees
—

 
—

 
—

 
(8,104
)
 
—

 
(8,104
)
Proceeds from insurance settlement
—

 
17,042

 
—

 
—

 
—

 
17,042

Other, net
1,000

 
—

 
392

 
(1,779
)
 
—

 
(387
)
Net cash flows (used in) from investing activities
1,000

 
19,703

 
(1,379,033
)
 
(40,306
)
 
1,280

 
(1,397,356
)
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

Proceeds from notes payable, commercial bank financing and capital leases
—

 
1,466,500

 
507

 
33,713

 
—

 
1,500,720

Repayments of notes payable, commercial bank financing and capital leases
(556
)
 
(574,584
)
 
(1,028
)
 
(6,596
)
 
—

 
(582,764
)
Dividends paid on Class A and Class B Common Stock
(61,103
)
 
—

 
—

 
—

 
—

 
(61,103
)
Repurchase of outstanding Class A Common Stock
(133,157
)
 
—

 
—

 
—

 
—

 
(133,157
)
Payments for deferred financing costs
—

 
(16,590
)
 
—

 
—

 
—

 
(16,590
)
Noncontrolling interest distributions
—

 
—

 
—

 
(8,184
)
 
—

 
(8,184
)
Increase (decrease) in intercompany payables
218,081

 
(981,669
)
 
725,678

 
51,703

 
(13,793
)
 
—

Other, net
2,263

 
—

 
(1,072
)
 
4,367

 
—

 
5,558

Net cash flows (used in) from financing activities
25,528

 
(106,343
)
 
724,085

 
75,003

 
(13,793
)
 
704,480

 
 
 
 
 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
(234,580
)
 
(26,845
)
 
(997
)
 
—

 
(262,422
)
CASH AND CASH EQUIVALENTS, beginning of period
—

 
237,974

 
28,594

 
13,536

 
—

 
280,104

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
3,394

 
$
1,749

 
$
12,539

 
$
—

 
$
17,682