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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 796,047 $ 259,984
Restricted cash 2,000 200
Accounts receivable, net of allowance for doubtful accounts of $2,621 and $2,124, respectively 537,286 513,954
Current portion of program contract costs 28,267 83,601
Income taxes receivable 11,670 5,500
Prepaid expenses and other current assets 36,343 36,067
Deferred barter costs 10,829 5,782
Total current assets 1,422,442 905,088
PROGRAM CONTRACT COSTS, less current portion 5,080 8,919
PROPERTY AND EQUIPMENT, net 705,483 717,576
RESTRICTED CASH 1,496 0
GOODWILL 2,002,809 1,990,746
INDEFINITE-LIVED INTANGIBLE ASSETS 160,357 156,306
DEFINITE-LIVED INTANGIBLE ASSETS, net 1,725,508 1,944,403
NOTES RECEIVABLE FROM AFFILIATES 19,500 19,500
OTHER ASSETS 246,861 220,630
Total assets [1] 6,289,536 5,963,168
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 290,758 322,505
Income taxes payable 0 23,491
Current portion of notes payable, capital leases and commercial bank financing 168,279 171,131
Current portion of notes and capital leases payable to affiliates 2,424 3,604
Current portion of program contracts payable 65,102 109,702
Deferred barter revenues 10,925 6,040
Total current liabilities 537,488 636,473
LONG-TERM LIABILITIES:    
Notes payable, capital leases and commercial bank financing, less current portion 3,884,159 4,014,932
Notes payable and capital leases to affiliates, less current portion 13,213 14,181
Program contracts payable, less current portion 42,072 53,836
Deferred tax liabilities 601,078 609,317
Other long-term liabilities 86,554 76,493
Total liabilities [1] 5,164,564 5,405,232
COMMITMENTS AND CONTINGENCIES (See Note 4)
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 1,346,657 843,691
Accumulated deficit (188,701) (255,804)
Accumulated other comprehensive loss (807) (807)
Total Sinclair Broadcast Group shareholders’ equity 1,158,176 587,983
Noncontrolling interests (33,204) (30,047)
Total equity 1,124,972 557,936
Total liabilities and equity 6,289,536 5,963,168
Assets of variable interest entities 134,700 142,300
Liabilities of variable interest entities 29,400 40,900
Class A Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock 770 646
Class B Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS’ EQUITY:    
Common Stock $ 257 $ 257
[1] Our consolidated total assets as of June 30, 2017 and December 31, 2016 include total assets of variable interest entities (VIEs) of $134.7 million and $142.3 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2017 and December 31, 2016 include total liabilities of the VIEs of $29.4 million and $40.9 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.