XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 57,843us-gaap_CashAndCashEquivalentsAtCarryingValue $ 17,682us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $4,387 and $4,246, respectively 368,696us-gaap_AccountsReceivableNetCurrent 383,503us-gaap_AccountsReceivableNetCurrent
Current portion of program contract costs 66,405sbgi_DeferredProgramContractCostsCurrent 88,198sbgi_DeferredProgramContractCostsCurrent
Income taxes receivable   3,314us-gaap_IncomeTaxesReceivable
Prepaid expenses and other current assets 33,213us-gaap_PrepaidExpenseAndOtherAssetsCurrent 21,338us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Deferred barter costs 7,620sbgi_DeferredBarterCostsCurrent 5,626sbgi_DeferredBarterCostsCurrent
Assets held for sale   6,504us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 533,777us-gaap_AssetsCurrent 526,165us-gaap_AssetsCurrent
ASSETS HELD FOR SALE 1,843us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssets 8,817us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssets
PROGRAM CONTRACT COSTS, less current portion 30,703sbgi_DeferredProgramContractCostsNoncurrent 38,531sbgi_DeferredProgramContractCostsNoncurrent
PROPERTY AND EQUIPMENT, net 742,397us-gaap_PropertyPlantAndEquipmentNet 752,538us-gaap_PropertyPlantAndEquipmentNet
GOODWILL 1,951,074us-gaap_Goodwill 1,964,553us-gaap_Goodwill
BROADCAST LICENSES 130,915us-gaap_IndefiniteLivedLicenseAgreements 135,075us-gaap_IndefiniteLivedLicenseAgreements
DEFINITE-LIVED INTANGIBLE ASSETS, net 1,822,211us-gaap_FiniteLivedIntangibleAssetsNet 1,818,263us-gaap_FiniteLivedIntangibleAssetsNet
OTHER ASSETS 204,559us-gaap_OtherAssetsNoncurrent 208,230us-gaap_OtherAssetsNoncurrent
Total assets 5,417,479us-gaap_Assets 5,452,172us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 7,346us-gaap_AccountsPayableCurrent 12,248us-gaap_AccountsPayableCurrent
Accrued liabilities 237,709us-gaap_AccruedLiabilitiesCurrent 246,123us-gaap_AccruedLiabilitiesCurrent
Income taxes payable 26,431us-gaap_AccruedIncomeTaxesCurrent  
Current portion of notes payable, capital leases and commercial bank financing 58,826sbgi_NotesPayableAndCapitalLeaseObligationsCurrent 113,116sbgi_NotesPayableAndCapitalLeaseObligationsCurrent
Current portion of notes and capital leases payable to affiliates 2,778us-gaap_DueToRelatedPartiesCurrent 2,625us-gaap_DueToRelatedPartiesCurrent
Current portion of program contracts payable 83,632sbgi_ProgramContractsPayableCurrent 104,922sbgi_ProgramContractsPayableCurrent
Deferred barter revenues 7,768sbgi_DeferredBarterRevenuesCurrent 5,806sbgi_DeferredBarterRevenuesCurrent
Deferred tax liabilities 6,689us-gaap_DeferredTaxLiabilitiesCurrent 6,689us-gaap_DeferredTaxLiabilitiesCurrent
Liabilities held for sale   2,477us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current liabilities 431,179us-gaap_LiabilitiesCurrent 494,006us-gaap_LiabilitiesCurrent
LONG-TERM LIABILITIES:    
Notes payable, capital leases and commercial bank financing, less current portion 3,831,823us-gaap_LongTermDebtAndCapitalLeaseObligations 3,796,666us-gaap_LongTermDebtAndCapitalLeaseObligations
Notes payable and capital leases to affiliates, less current portion 17,605us-gaap_DueToRelatedPartiesNoncurrent 16,309us-gaap_DueToRelatedPartiesNoncurrent
Program contracts payable, less current portion 55,013sbgi_ProgramContractsPayableNoncurrent 60,605sbgi_ProgramContractsPayableNoncurrent
Deferred tax liabilities 591,245us-gaap_DeferredTaxLiabilitiesNoncurrent 602,243us-gaap_DeferredTaxLiabilitiesNoncurrent
Other long-term liabilities 78,174us-gaap_OtherLiabilitiesNoncurrent 77,000us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 5,005,039us-gaap_Liabilities 5,046,829us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (See Note 4)      
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY:    
Additional paid-in capital 979,914us-gaap_AdditionalPaidInCapitalCommonStock 979,202us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (537,253)us-gaap_RetainedEarningsAccumulatedDeficit (545,820)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (6,371)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (6,455)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Sinclair Broadcast Group shareholders' equity 437,244us-gaap_StockholdersEquity 427,882us-gaap_StockholdersEquity
Noncontrolling interests (24,804)us-gaap_MinorityInterest (22,539)us-gaap_MinorityInterest
Total equity 412,440us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 405,343us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity 5,417,479us-gaap_LiabilitiesAndStockholdersEquity 5,452,172us-gaap_LiabilitiesAndStockholdersEquity
Class A Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY:    
Common Stock 695us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
696us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock    
SINCLAIR BROADCAST GROUP SHAREHOLDERS' EQUITY:    
Common Stock $ 259us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 259us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember