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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 1,259.0 $ 1,333.0
Accounts receivable, net of allowance for doubtful accounts of $5 and $8, respectively 1,060.0 1,132.0
Income taxes receivable 230.0 103.0
Prepaid sports rights 498.0 113.0
Prepaid expenses and other current assets 170.0 232.0
Total current assets 3,217.0 2,913.0
Property and equipment, net 823.0 765.0
Operating lease assets 197.0 223.0
Deferred tax assets 197.0 0.0
Restricted cash 3.0 0.0
Goodwill 2,092.0 4,716.0
Indefinite-lived intangible assets 171.0 158.0
Finite-lived intangible assets, net 5,624.0 7,977.0
Other assets 1,058.0 618.0
Total assets [1] 13,382.0 17,370.0
Current liabilities:    
Accounts payable and accrued liabilities 533.0 782.0
Current portion of notes payable, finance leases, and commercial bank financing 58.0 71.0
Current portion of operating lease liabilities 34.0 38.0
Current portion of program contracts payable 92.0 88.0
Other current liabilities 317.0 155.0
Total current liabilities 1,034.0 1,134.0
Notes payable, finance leases, and commercial bank financing, less current portion 12,493.0 12,367.0
Operating lease liabilities, less current portion 198.0 217.0
Program contracts payable, less current portion 30.0 39.0
Deferred tax liabilities 0.0 407.0
Other long-term liabilities 622.0 434.0
Total liabilities [1] 14,377.0 14,598.0
Commitments and contingencies (See Note 13)
Redeemable noncontrolling interests 190.0 1,078.0
Shareholders' Equity:    
Additional paid-in capital 721.0 1,011.0
(Accumulated deficit) retained earnings (1,986.0) 492.0
Accumulated other comprehensive loss (10.0) (2.0)
Total Sinclair Broadcast Group shareholders’ (deficit) equity (1,274.0) 1,502.0
Noncontrolling interests 89.0 192.0
Total (deficit) equity (1,185.0) 1,694.0
Total liabilities, redeemable noncontrolling interests, and equity 13,382.0 17,370.0
Consolidated VIEs    
CURRENT ASSETS:    
Cash and cash equivalents 64.0 39.0
Accounts receivable, net of allowance for doubtful accounts of $5 and $8, respectively 70.0 39.0
Prepaid sports rights 2.0 10.0
Prepaid expenses and other current assets 5.0 6.0
Total current assets 141.0 94.0
Property and equipment, net 16.0 15.0
Operating lease assets 6.0 8.0
Indefinite-lived intangible assets 14.0 14.0
Finite-lived intangible assets, net 54.0 93.0
Other assets 1.0 3.0
Total assets 233.0 228.0
Current liabilities:    
Other current liabilities 40.0 19.0
Notes payable, finance leases, and commercial bank financing, less current portion 10.0 15.0
Operating lease liabilities, less current portion 5.0 6.0
Program contracts payable, less current portion 4.0 7.0
Other long-term liabilities 17.0 1.0
Total liabilities 76.0 48.0
Recourse | Consolidated VIEs    
Current liabilities:    
Total liabilities 60.0 27.0
Class A Common Stock    
Shareholders' Equity:    
Common Stock 1.0 1.0
Class B Common Stock    
Shareholders' Equity:    
Common Stock 0.0 0.0
Customer relationships    
CURRENT ASSETS:    
Finite-lived intangible assets, net 4,286.0 5,979.0
Other defined-lived intangible assets    
CURRENT ASSETS:    
Finite-lived intangible assets, net $ 1,338.0 $ 1,998.0
[1] Our consolidated total assets as of December 31, 2020 and 2019 include total assets of variable interest entities (VIEs) of $233 million and $228 million, respectively, which can only be used to settle the obligations of the VIEs.  Our consolidated total liabilities as of December 31, 2020 and 2019 include total liabilities of the VIEs of $60 million and $27 million, respectively, for which the creditors of the VIEs have no recourse to us.  See Note 14. Variable Interest Entities.