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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
19. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS:

STG is the primary obligor under STG's Bank Credit Agreement and the STG Notes. Our Class A Common Stock and Class B Common Stock as of December 31, 2022, were obligations or securities of SBG and not obligations or securities of STG. SBG is a guarantor under the STG Notes. As of December 31, 2022, our consolidated total debt of $4,265 million included $4,249 million of debt related to STG and its subsidiaries of which SBG guaranteed $4,216 million.
 
SBG, KDSM, LLC, a wholly-owned subsidiary of SBG, and STG’s wholly-owned subsidiaries ("guarantor subsidiaries"), have fully and unconditionally guaranteed, subject to certain customary automatic release provisions, all of STG’s obligations.  Those guarantees are joint and several. There are certain contractual restrictions on the ability of SBG, STG or KDSM, LLC to obtain funds from their subsidiaries in the form of dividends or loans.

The following condensed consolidating financial statements present the consolidated balance sheets, consolidated statements of operations and comprehensive income, and consolidated statements of cash flows of SBG, STG, KDSM, LLC and the guarantor subsidiaries, the direct and indirect non-guarantor subsidiaries of SBG, and the eliminations necessary to arrive at our information on a consolidated basis and are provided pursuant to the terms of certain of our debt agreements. Investments in the subsidiaries of SBG, STG, KDSM, LLC and the guarantor subsidiaries, the direct and indirect non-guarantor subsidiaries of SBG are presented in each column under the equity method of accounting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. As such, these condensed consolidating financial statements should be read in conjunction with the accompanying notes to consolidated financial statements.
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2022
(In millions)
 
 Sinclair
Broadcast
Group,
Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
Cash and cash equivalents$47 $750 $1 $86 $— $884 
Accounts receivable, net— — 555 57 — 612 
Other current assets32 42 159 19 (65)187 
Total current assets79 792 715 162 (65)1,683 
Property and equipment, net— 31 668 51 (22)728 
Investment in equity of consolidated subsidiaries962 3,463 — — (4,425)— 
Goodwill— — 2,081 7 — 2,088 
Indefinite-lived intangible assets— — 136 14 — 150 
Definite-lived intangible assets, net— — 935 42 (31)946 
Other long-term assets542 938 512 573 (1,456)1,109 
Total assets$1,583 $5,224 $5,047 $849 $(5,999)$6,704 
Accounts payable and accrued liabilities$— $80 $300 $18 $(1)$397 
Current portion of long-term debt— 28 6 5 (1)38 
Other current liabilities4 8 139 87 (65)173 
Total current liabilities4 116 445 110 (67)608 
Long-term debt— 4,181 24 387 (365)4,227 
Other long-term liabilities831 52 1,120 314 (1,323)994 
Total liabilities835 4,349 1,589 811 (1,755)5,829 
Redeemable noncontrolling interests— — — 194 — 194 
Total Sinclair Broadcast Group equity (deficit)748 875 3,458 (86)(4,247)748 
Noncontrolling interests in consolidated subsidiaries— — — (70)3 (67)
Total liabilities, redeemable noncontrolling interests, and equity$1,583 $5,224 $5,047 $849 $(5,999)$6,704 
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2021
(In millions)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
Cash and cash equivalents$2 $316 $2 $496 $— 816 
Accounts receivable, net— — 649 596 — 1,245 
Other current assets10 82 293 136 (111)410 
Total current assets12 398 944 1,228 (111)2,471 
Property and equipment, net1 31 664 161 (24)833 
Investment in equity of consolidated subsidiaries451 3,448 — — (3,899)— 
Restricted cash— — — 3 — 3 
Goodwill— — 2,081 7 — 2,088 
Indefinite-lived intangible assets— — 136 14 — 150 
Definite-lived intangible assets— — 1,105 4,019 (36)5,088 
Other long-term assets331 1,956 427 1,853 (2,659)1,908 
Total assets$795 $5,833 $5,357 $7,285 $(6,729)$12,541 
Accounts payable and accrued liabilities$31 $85 $295 $279 $(35)$655 
Current portion of long-term debt— 20 5 45 (1)69 
Other current liabilities2 6 155 392 (77)478 
Total current liabilities33 111 455 716 (113)1,202 
Long-term debt915 4,317 33 8,488 (1,482)12,271 
Investment in deficit of consolidated subsidiaries1,605 — — — (1,605)— 
Other long-term liabilities12 69 1,426 468 (1,398)577 
Total liabilities2,565 4,497 1,914 9,672 (4,598)14,050 
Redeemable noncontrolling interests— — — 197 — 197 
Total Sinclair Broadcast Group (deficit) equity(1,770)1,336 3,443 (2,644)(2,135)(1,770)
Noncontrolling interests in consolidated subsidiaries— — — 60 4 64 
Total liabilities, redeemable noncontrolling interests, and equity$795 $5,833 $5,357 $7,285 $(6,729)$12,541 
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2022
(In millions)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
Net revenue$— $65 $3,349 $681 $(167)$3,928 
Media programming and production expenses— 5 1,485 530 (78)1,942 
Selling, general and administrative41 140 790 80 (79)972 
Gain on deconsolidation of subsidiary(3,357)— — — — (3,357)
Depreciation, amortization and other operating (gains) expenses(32)6 329 98 (10)391 
Total operating (gains) expenses(3,348)151 2,604 708 (167)(52)
Operating income (loss)3,348 (86)745 (27)— 3,980 
Equity in earnings of consolidated subsidiaries16 575 — — (591)— 
Interest expense(4)(222)(3)(85)18 (296)
Other income (expense)26 6 8 (104)(6)(70)
Total other income (expense), net38 359 5 (189)(579)(366)
Income tax (provision) benefit(734)58 (170)(67)— (913)
Net income (loss)2,652 331 580 (283)(579)2,701 
Net income attributable to the redeemable noncontrolling interests— — — (20)— (20)
Net income attributable to the noncontrolling interests— — — (29)— (29)
Net income (loss) attributable to Sinclair Broadcast Group$2,652 $331 $580 $(332)$(579)$2,652 
Comprehensive income (loss)$2,652 $334 $580 $(280)$(579)$2,707 
 
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2021
(In millions)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
Net revenue$— $111 $2,979 $3,251 $(207)$6,134 
Media programming and production expenses— 4 1,425 2,916 (54)4,291 
Selling, general and administrative12 160 715 336 (145)1,078 
Depreciation, amortization and other operating expenses1 8 327 341 (7)670 
Total operating expenses13 172 2,467 3,593 (206)6,039 
Operating (loss) income(13)(61)512 (342)(1)95 
Equity in (loss) earnings of consolidated subsidiaries(350)435 — — (85)— 
Interest expense(13)(180)(3)(450)28 (618)
Other (expense) income(63)16 (24)111 (16)24 
Total other (expense) income, net(426)271 (27)(339)(73)(594)
Income tax benefit (provision)25 35 (44)157 — 173 
Net (loss) income(414)245 441 (524)(74)(326)
Net income attributable to the redeemable noncontrolling interests— — — (18)— (18)
Net income attributable to the noncontrolling interests— — — (70)— (70)
Net (loss) income attributable to Sinclair Broadcast Group$(414)$245 $441 $(612)$(74)$(414)
Comprehensive (loss) income $(414)$246 $441 $(517)$(74)$(318)
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2020
(In millions)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
Net revenue$— $100 $3,081 $2,946 $(184)$5,943 
Media programming and production expenses— 3 1,284 1,519 (71)2,735 
Selling, general and administrative18 122 658 279 (97)980 
Impairment of goodwill and definite-lived intangible assets— — — 4,264 — 4,264 
Depreciation, amortization and other operating expenses2 8 211 525 (10)736 
Total operating expenses20 133 2,153 6,587 (178)8,715 
Operating (loss) income(20)(33)928 (3,641)(6)(2,772)
Equity in (loss) earnings of consolidated subsidiaries(2,409)877 — — 1,532 — 
Interest expense(13)(191)(3)(474)25 (656)
Other income (expense)27 4 (41)303 (14)279 
Total other (expense) income, net(2,395)690 (44)(171)1,543 (377)
Income tax benefit1 51 3 665 — 720 
Net (loss) income(2,414)708 887 (3,147)1,537 (2,429)
Net income attributable to redeemable noncontrolling interests— — — (56)— (56)
Net loss attributable to the noncontrolling interests— — — 71 — 71 
Net (loss) income attributable to Sinclair Broadcast Group$(2,414)$708 $887 $(3,132)$1,537 $(2,414)
Comprehensive (loss) income$(2,414)$707 $887 $(3,154)$1,537 $(2,437)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
(In millions)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES$6 $(210)$600 $401 $2 $799 
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:   
Acquisition of property and equipment— (4)(100)(5)4 (105)
Deconsolidation of subsidiary cash— — (315)— (315)
Proceeds from the sale of assets— — 5 4 — 9 
Purchases of investments(48)(1)(4)(22)— (75)
Distributions from investments64 — 10 25 — 99 
Spectrum repack reimbursements— — 4 — — 4 
Other, net— 3 (1)— — 2 
Net cash flows from (used in) investing activities16 (2)(86)(313)4 (381)
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:   
Proceeds from notes payable and commercial bank financing— 728 — — — 728 
Repayments of notes payable, commercial bank financing and finance leases— (855)(5)(3)— (863)
Dividends paid on Class A and Class B Common Stock(70)— — — — (70)
Repurchase of outstanding Class A Common Stock(120)— — — — (120)
Dividends paid on redeemable subsidiary preferred equity— — — (7)— (7)
Distributions to noncontrolling interests— — — (12)— (12)
Increase (decrease) in intercompany payables214 781 (510)(479)(6)— 
Other, net(1)(8)— — — (9)
Net cash flows from (used in) financing activities23 646 (515)(501)(6)(353)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH45 434 (1)(413)— 65 
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period2 316 2 499 — 819 
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period$47 $750 $1 $86 $— $884 
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2021
(In million)
 Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES$(5)$(216)$583 $(46)$11 $327 
NET CASH FLOWS USED IN INVESTING ACTIVITIES:
Acquisition of property and equipment— (2)(64)(18)4 (80)
Acquisition of businesses, net of cash acquired— — (4)— — (4)
Proceeds from the sale of assets— — 34 9 — 43 
Purchases of investments(9)(9)(46)(192)— (256)
Spectrum repack reimbursements— — 24 — — 24 
Other, net(183)— (1)28 183 27 
Net cash flows used in investing activities(192)(11)(57)(173)187 (246)
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable and commercial bank financing— 341 — 46 (30)357 
Repayments of notes payable, commercial bank financing and finance leases— (362)(6)(51)(182)(601)
Dividends paid on Class A and Class B Common Stock(60)— — — — (60)
Repurchases of outstanding Class A Common Stock(61)— — — — (61)
Dividends paid on redeemable subsidiary preferred equity— — — (5)— (5)
Distributions to noncontrolling interests— — — (95)— (95)
Distributions to redeemable noncontrolling interests— — — (6)— (6)
Increase (decrease) in intercompany payables333 106 (518)65 14 — 
Other, net(13)— — (40)— (53)
Net cash flows from (used in) financing activities199 85 (524)(86)(198)(524)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH2 (142)2 (305)— (443)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period— 458 — 804 — 1,262 
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period$2 $316 $2 $499 $— $819 
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2020
(In millions)
Sinclair
Broadcast
Group, Inc.		Sinclair
Television
Group, Inc.		Guarantor
Subsidiaries
and KDSM,
LLC		Non-
Guarantor
Subsidiaries		EliminationsSinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES$(119)$(75)$864 $875 $3 $1,548 
NET CASH FLOWS USED IN INVESTING ACTIVITIES:
Acquisition of property and equipment— (8)(130)(26)7 (157)
Acquisition of businesses, net of cash acquired— — (16)— — (16)
Spectrum repack reimbursements— — 90 — — 90 
Proceeds from the sale of assets— — 36 — — 36 
Purchases of investments(43)(8)(43)(45)— (139)
Other, net1 — (2)28 — 27 
Net cash flows used in investing activities(42)(16)(65)(43)7 (159)
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from notes payable and commercial bank financing— 1,398 — 421 — 1,819 
Repayments of notes payable, commercial bank financing and finance leases— (1,434)(4)(301)— (1,739)
Dividends paid on Class A and Class B Common Stock(63)— — — — (63)
Dividends paid on redeemable subsidiary preferred equity— — — (36)— (36)
Repurchase of outstanding Class A Common Stock(343)— — — — (343)
Redemption of redeemable subsidiary preferred equity— — — (547)— (547)
Debt issuance costs— (11)— (8)— (19)
Distributions to noncontrolling interests— — — (32)— (32)
Distributions to redeemable noncontrolling interests— — — (383)— (383)
Increase (decrease) in intercompany payables565 239 (798)4 (10)— 
Other, net2 — — (119)— (117)
Net cash flows from (used in) financing activities161 192 (802)(1,001)(10)(1,460)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH— 101 (3)(169)— (71)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period— 357 3 973 — 1,333 
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period$— $458 $— $804 $— $1,262