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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
 3 Months Ended
Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of condensed consolidating balance sheet
CONDENSED CONSOLIDATING BALANCE SHEET
AS OF MARCH 31, 2016
(in thousands) (unaudited)

 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Cash
$
—

 
$
105,318

 
$
10,053

 
$
26,153

 
$
—

 
$
141,524

Accounts receivable
18

 
—

 
391,581

 
26,719

 
(1,258
)
 
417,060

Other current assets
1,787

 
6,831

 
97,006

 
20,871

 
(2,547
)
 
123,948

Total current assets
1,805

 
112,149

 
498,640

 
73,743

 
(3,805
)
 
682,532

 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
2,618

 
20,224

 
566,467

 
143,272

 
(8,819
)
 
723,762

 
 
 
 
 
 
 
 
 
 
 
 
Investment in consolidated subsidiaries
521,328

 
3,774,538

 
4,179

 
—

 
(4,300,045
)
 
—

Goodwill
—

 
—

 
2,077,657

 
4,279

 
—

 
2,081,936

Indefinite-lived intangible assets
—

 
—

 
151,366

 
15,709

 
—

 
167,075

Definite-lived intangible assets
—

 
—

 
1,709,430

 
214,842

 
(62,828
)
 
1,861,444

Other long-term assets
51,166

 
726,459

 
108,028

 
148,980

 
(804,184
)
 
230,449

Total assets
$
576,917

 
$
4,633,370

 
$
5,115,767

 
$
600,825

 
$
(5,179,681
)
 
$
5,747,198

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
106

 
$
73,501

 
$
165,791

 
$
26,053

 
$
(3,563
)
 
$
261,888

Current portion of long-term debt
—

 
59,938

 
1,728

 
106,722

 
—

 
168,388

Current portion of affiliate long-term debt
1,701

 
—

 
1,450

 
1,714

 
(1,503
)
 
3,362

Other current liabilities
—

 
—

 
93,742

 
10,326

 
—

 
104,068

Total current liabilities
1,807

 
133,439

 
262,711

 
144,815

 
(5,066
)
 
537,706

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,925,163

 
32,263

 
41,248

 
—

 
3,998,674

Affiliate long-term debt
1,272

 
—

 
13,712

 
372,008

 
(370,310
)
 
16,682

Other liabilities
26,790

 
30,020

 
1,049,026

 
174,761

 
(606,359
)
 
674,238

Total liabilities
29,869

 
4,088,622

 
1,357,712

 
732,832

 
(981,735
)
 
5,227,300

 
 
 
 
 
 
 
 
 
 
 
 
Total Sinclair Broadcast Group equity (deficit)
547,048

 
544,748

 
3,758,055

 
(100,419
)
 
(4,202,384
)
 
547,048

Noncontrolling interests in consolidated subsidiaries
—

 
—

 
—

 
(31,588
)
 
4,438

 
(27,150
)
Total liabilities and equity (deficit)
$
576,917

 
$
4,633,370

 
$
5,115,767

 
$
600,825

 
$
(5,179,681
)
 
$
5,747,198

CONDENSED CONSOLIDATING 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
$
—

 
$
115,771

 
$
235

 
$
33,966

 
$
—

 
$
149,972

Accounts receivable
—

 
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
)
 
—

Goodwill
—

 
—

 
1,926,814

 
4,279

 
—

 
1,931,093

Indefinite-lived intangible assets
—

 
—

 
114,841

 
17,624

 
—

 
132,465

Definite-lived intangible assets
—

 
—

 
1,602,454

 
206,975

 
(57,859
)
 
1,751,570

Other long-term assets
52,128

 
673,915

 
110,507

 
140,910

 
(779,173
)
 
198,287

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 (deficit)
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 (deficit)
$
555,922

 
$
4,247,403

 
$
4,807,332

 
$
604,648

 
$
(4,782,990
)
 
$
5,432,315
Schedule of condensed consolidating statement of operations and comprehensive income
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2016
(in thousands) (unaudited)
  
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
545,113

 
$
52,250

 
$
(18,474
)
 
$
578,889

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
209,725

 
24,381

 
(18,229
)
 
215,877

Selling, general and administrative
1,002

 
22,099

 
111,107

 
2,162

 
(20
)
 
136,350

Depreciation, amortization and other operating expenses
266

 
1,190

 
108,478

 
30,855

 
(466
)
 
140,323

Total operating expenses
1,268

 
23,289

 
429,310

 
57,398

 
(18,715
)
 
492,550

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(1,268
)
 
(23,289
)
 
115,803

 
(5,148
)
 
241

 
86,339

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
24,287

 
74,855

 
50

 
—

 
(99,192
)
 
—

Interest expense
(94
)
 
(46,363
)
 
(1,202
)
 
(7,897
)
 
6,141

 
(49,415
)
Other income (expense)
1,142

 
118

 
(11
)
 
(364
)
 
—

 
885

Total other income (expense)
25,335

 
28,610

 
(1,163
)
 
(8,261
)
 
(93,051
)
 
(48,530
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
73

 
23,103

 
(38,180
)
 
2,824

 
—

 
(12,180
)
Net income (loss)
24,140

 
28,424

 
76,460

 
(10,585
)
 
(92,810
)
 
25,629

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(899
)
 
(590
)
 
(1,489
)
Net income (loss) attributable to Sinclair Broadcast Group
$
24,140

 
$
28,424

 
$
76,460

 
$
(11,484
)
 
$
(93,400
)
 
$
24,140

Comprehensive income (loss)
$
24,140

 
$
28,424

 
$
76,460

 
$
(10,585
)
 
$
(92,810
)
 
$
25,629

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2015
(in thousands) (unaudited)
  
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
476,670

 
$
47,004

 
$
(18,899
)
 
$
504,775

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
170,249

 
19,849

 
(18,527
)
 
171,571

Selling, general and administrative
1,045

 
14,783

 
99,723

 
2,640

 
88

 
118,279

Depreciation, amortization and other operating expenses
266

 
775

 
101,428

 
28,250

 
(341
)
 
130,378

Total operating expenses
1,311

 
15,558

 
371,400

 
50,739

 
(18,780
)
 
420,228

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(1,311
)
 
(15,558
)
 
105,270

 
(3,735
)
 
(119
)
 
84,547

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
24,325

 
64,465

 
(50
)
 
—

 
(88,740
)
 
—

Interest expense
(102
)
 
(43,873
)
 
(1,176
)
 
(6,706
)
 
5,209

 
(46,648
)
Other income (expense)
1,350

 
(154
)
 
64

 
2,104

 
—

 
3,364

Total other income (expense)
25,573

 
20,438

 
(1,162
)
 
(4,602
)
 
(83,531
)
 
(43,284
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
20

 
20,615

 
(38,377
)
 
1,315

 
—

 
(16,427
)
Net income (loss)
24,282

 
25,495

 
65,731

 
(7,022
)
 
(83,650
)
 
24,836

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(554
)
 
—

 
(554
)
Net income (loss) attributable to Sinclair Broadcast Group
$
24,282

 
$
25,495

 
$
65,731

 
$
(7,576
)
 
$
(83,650
)
 
$
24,282

Comprehensive income (loss)
$
24,920

 
$
25,579

 
$
65,731

 
$
(7,576
)
 
$
(83,734
)
 
$
24,920


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of condensed consolidating statement of cash flows
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2016
(in thousands) (unaudited)
  
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS FROM(USED IN) OPERATING ACTIVITIES
$
823

 
$
(20,655
)
 
$
145,404

 
$
779

 
$
7,664

 
$
134,015

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

 
(1,479
)
 
(23,239
)
 
(1,323
)
 
190

 
(25,851
)
Acquisition of businesses, net of cash acquired
—

 
—

 
(374,284
)
 
(10,375
)
 
—

 
(384,659
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(7,017
)
 
—

 
(7,017
)
Investments in equity and cost method investees
—

 
(10,000
)
 
(47
)
 
(9,827
)
 
—

 
(19,874
)
Loans to affiliates
—

 
(19,500
)
 
—

 
—

 
—

 
(19,500
)
Other, net
1,197

 
—

 
(210
)
 
1,278

 
—

 
2,265

Net cash flows from (used in) investing activities
1,197

 
(30,979
)
 
(397,780
)
 
(27,264
)
 
190

 
(454,636
)
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

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

 
595,000

 
—

 
3,850

 
—

 
598,850

Repayments of notes payable, commercial bank financing and capital leases
—

 
(257,682
)
 
(461
)
 
(3,087
)
 
—

 
(261,230
)
Dividends paid on Class A and Class B Common Stock
(15,675
)
 
—

 
—

 
—

 
—

 
(15,675
)
Increase (decrease) in intercompany payables
15,368

 
(290,337
)
 
262,392

 
20,489

 
(7,912
)
 
—

Other, net
(1,713
)
 
(5,800
)
 
263

 
(2,580
)
 
58

 
(9,772
)
Net cash flows (used in) from financing activities
(2,020
)
 
41,181

 
262,194

 
18,672

 
(7,854
)
 
312,173

 
 
 
 
 
 
 
 
 
 
 
 
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
—

 
(10,453
)
 
9,818

 
(7,813
)
 
—

 
(8,448
)
CASH AND CASH EQUIVALENTS, beginning of period
—

 
115,771

 
235

 
33,966

 
—

 
149,972

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
105,318

 
$
10,053

 
$
26,153

 
$
—

 
$
141,524


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2015
(in thousands) (unaudited)
  
 
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
$
8,824

 
$
(25,325
)
 
$
139,443

 
$
(13,488
)
 
$
4,398

 
$
113,852

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

Acquisition of property and equipment
—

 
(2,912
)
 
(20,309
)
 
(635
)
 
208

 
(23,648
)
Payments for acquisition of television stations
—

 
—

 
(150
)
 
—

 
—

 
(150
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(5,744
)
 
—

 
(5,744
)
Distributions from equity and costs method investees
1,425

 
419

 
—

 
2,308

 
—

 
4,152

Investments in equity and cost method investees
—

 
(1,100
)
 
—

 
(1,845
)
 
—

 
(2,945
)
Other, net
—

 
—

 
422

 
—

 
—

 
422

Net cash flows (used in) from investing activities
1,425

 
(3,593
)
 
(20,037
)
 
(5,916
)
 
208

 
(27,913
)
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

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

 
—

 
—

 
7,866

 
—

 
7,866

Repayments of notes payable, commercial bank financing and capital leases
(508
)
 
(23,514
)
 
56

 
(1,089
)
 
—

 
(25,055
)
Dividends paid on Class A and Class B Common Stock
(15,715
)
 
—

 
—

 
—

 
—

 
(15,715
)
Repurchase of outstanding Class A Common Stock
(7,803
)
 
—

 
—

 
—

 
—

 
(7,803
)
Increase (decrease) in intercompany payables
15,323

 
84,589

 
(120,275
)
 
24,969

 
(4,606
)
 
—

Other, net
(1,546
)
 
—

 
—

 
(3,525
)
 
—

 
(5,071
)
Net cash flows (used in) from financing activities
(10,249
)
 
61,075

 
(120,219
)
 
28,221

 
(4,606
)
 
(45,778
)
 
 
 
 
 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
32,157

 
(813
)
 
8,817

 
—

 
40,161

CASH AND CASH EQUIVALENTS, beginning of period
—

 
3,394

 
1,749

 
12,539

 
—

 
17,682

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
35,551

 
$
936

 
$
21,356

 
$
—

 
$
57,843