XML 29 R10.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Accounts receivable, allowance for doubtful accounts $ 5 $ 5
Assets [1] 6,201 6,704 [2]
Liabilities [1] 5,560 5,829 [2]
Consolidated VIEs    
Assets 78 115
Liabilities 22 26
Consolidated VIEs | Nonrecourse    
Liabilities $ 16 $ 18
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 39,274,843 45,847,879
Common stock, shares outstanding (in shares) 39,274,843 45,847,879
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 140,000,000 140,000,000
Common stock, shares issued (in shares) 23,775,056 23,775,056
Common stock, shares outstanding (in shares) 23,775,056 23,775,056
Sinclair Broadcast Group, LLC    
Accounts receivable, allowance for doubtful accounts $ 4 $ 5
Assets 4,994 [2] 6,704
Liabilities 5,466 [2] 5,829
Sinclair Broadcast Group, LLC | Consolidated VIEs    
Assets 78 115
Liabilities 22 26
Sinclair Broadcast Group, LLC | Consolidated VIEs | Nonrecourse    
Liabilities $ 16 $ 18
Sinclair Broadcast Group, LLC | Class A Common Stock    
Common stock, par value (in dollars per share)   $ 0.01
Common stock, shares authorized (in shares)   500,000,000
Common stock, shares issued (in shares)   45,847,879
Common stock, shares outstanding (in shares)   45,847,879
Sinclair Broadcast Group, LLC | Class B Common Stock    
Common stock, par value (in dollars per share)   $ 0.01
Common stock, shares authorized (in shares)   140,000,000
Common stock, shares issued (in shares)   23,775,056
Common stock, shares outstanding (in shares)   23,775,056
[1] Our consolidated total assets as of June 30, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $78 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2023 and December 31, 2022 include total liabilities of VIEs of $16 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 8. Variable Interest Entities.
[2] SBG's consolidated total assets as of June 30, 2023 and December 31, 2022 include total assets of variable interest entities ("VIE") of $78 million and $115 million, respectively, which can only be used to settle the obligations of the VIEs. SBG's consolidated total liabilities as of June 30, 2023 and December 31, 2022 include total liabilities of VIEs of $16 million and $18 million, respectively, for which the creditors of the VIEs have no recourse to SBG. See Note 7. Variable Interest Entities.