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CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests
Sinclair Broadcast Group, LLC
Sinclair Broadcast Group, LLC
Class A Common Stock
Sinclair Broadcast Group, LLC
Class B Common Stock
Sinclair Broadcast Group, LLC
Common Stock
Class A Common Stock
Sinclair Broadcast Group, LLC
Common Stock
Class B Common Stock
Sinclair Broadcast Group, LLC
Additional Paid-In Capital
Sinclair Broadcast Group, LLC
Retained Earnings (Accumulated Deficit)
Sinclair Broadcast Group, LLC
Accumulated Other Comprehensive (Loss) Income
Sinclair Broadcast Group, LLC
Noncontrolling Interests
Beginning balance at Dec. 31, 2021 $ 197                 $ 197                
Increase (Decrease) in Temporary Equity                                    
Distributions to noncontrolling interests (3)                 (3)                
Deconsolidation of subsidiary (16)                 (16)                
Net income (loss) 9                 9                
Ending balance at Jun. 30, 2022 187                 187                
Beginning balance (in shares) at Dec. 31, 2021       49,314,303 23,775,056               49,314,303 23,775,056        
Beginning balance at Dec. 31, 2021 (1,706)     $ 1 $ 0 $ 691 $ (2,460) $ (2) $ 64 (1,706)     $ 1 $ 0 $ 691 $ (2,460) $ (2) $ 64
Increase (Decrease) in Stockholders' Equity                                    
Dividends declared and paid on Old Sinclair Class A and Class B Common Stock (37)           (37)     (37)           (37)    
Repurchases of Old Sinclair Class A Common Stock (in shares)       (4,058,319)                 (4,058,319)          
Repurchases of Old Sinclair Class A Common Stock (104)         (104)       (104)         (104)      
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans (in shares)       1,214,562                 1,214,562          
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans 41         41       41         41      
Distributions to noncontrolling interests (5)               (5) (5)               (5)
Other comprehensive income 3             3   3             3  
Deconsolidation of subsidiary (151)             (3) (148) (151)             (3) (148)
Net income (loss) 2,601           2,576   25 2,601           2,576   25
Ending balance (in shares) at Jun. 30, 2022       46,470,546 23,775,056               46,470,546 23,775,056        
Ending balance at Jun. 30, 2022 642     $ 1 $ 0 628 79 (2) (64) 642     $ 1 $ 0 628 79 (2) (64)
Beginning balance at Mar. 31, 2022 184                 184                
Increase (Decrease) in Temporary Equity                                    
Distributions to noncontrolling interests (2)                 (2)                
Net income (loss) 5                 5                
Ending balance at Jun. 30, 2022 187                 187                
Beginning balance (in shares) at Mar. 31, 2022       47,934,815 23,775,056               47,934,815 23,775,056        
Beginning balance at Mar. 31, 2022 703     $ 1 $ 0 657 109 (2) (62) 703     $ 1 $ 0 657 109 (2) (62)
Increase (Decrease) in Stockholders' Equity                                    
Dividends declared and paid on Old Sinclair Class A and Class B Common Stock (19)           (19)     (19)           (19)    
Repurchases of Old Sinclair Class A Common Stock (in shares)       (1,585,834)                 (1,585,834)          
Repurchases of Old Sinclair Class A Common Stock (36)         (36)       (36)         (36)      
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans (in shares)       121,565                 121,565          
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans 7         7       7         7      
Distributions to noncontrolling interests (2)               (2) (2)               (2)
Net income (loss) (11)           (11)     (11)           (11)    
Ending balance (in shares) at Jun. 30, 2022       46,470,546 23,775,056               46,470,546 23,775,056        
Ending balance at Jun. 30, 2022 642     $ 1 $ 0 628 79 (2) (64) 642     $ 1 $ 0 628 79 (2) (64)
Beginning balance at Dec. 31, 2022 194                 194                
Increase (Decrease) in Temporary Equity                                    
Repurchase of redeemable subsidiary preferred equity                   (190)                
Net income (loss) (4)                 (4)                
Ending balance at Jun. 30, 2023 0                 0                
Beginning balance (in shares) at Dec. 31, 2022   45,847,879 23,775,056 45,847,879 23,775,056           45,847,879 23,775,056 45,847,879 23,775,056        
Beginning balance at Dec. 31, 2022 681     $ 1 $ 0 624 122 1 (67) 681     $ 1 $ 0 624 122 1 (67)
Increase (Decrease) in Stockholders' Equity                                    
Dividends declared and paid on Old Sinclair Class A and Class B Common Stock (34)           (34)     (18)           (18)    
Repurchases of Old Sinclair Class A Common Stock (in shares)       (8,785,022)                 (8,785,022)          
Repurchases of Old Sinclair Class A Common Stock (153)         (153)       (153)         (153)      
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans (in shares)       2,211,986                 2,274,558          
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans 39         39       40         40      
Old Sinclair Class A and Class B Common Stock converted to Member Equity (in shares)                         (39,337,415) (23,775,056)        
Old Sinclair Class A and Class B Common Stock converted to SBG member's equity                   (1)     $ (1)          
Deemed dividend to parent                   (1,118)         (511) (606)   (1)
Distributions to noncontrolling interests (8)               (8) (7)               (7)
Other comprehensive income 6             6   6             6  
Net income (loss) 110           96   14 98           84   14
Ending balance (in shares) at Jun. 30, 2023   39,274,843 23,775,056 39,274,843 23,775,056               0 0        
Ending balance at Jun. 30, 2023 641     $ 1 $ 0 510 184 7 (61) (472)     $ 0 $ 0 0 (418) 7 (61)
Beginning balance at Mar. 31, 2023 0                 0                
Increase (Decrease) in Temporary Equity                                    
Net income (loss) 0                 0                
Ending balance at Jun. 30, 2023 0                 0                
Beginning balance (in shares) at Mar. 31, 2023       44,360,502 23,775,056               44,360,502 23,775,056        
Beginning balance at Mar. 31, 2023 831     $ 1 $ 0 602 289 (2) (59) 831     $ 1 $ 0 602 289 (2) (59)
Increase (Decrease) in Stockholders' Equity                                    
Dividends declared and paid on Old Sinclair Class A and Class B Common Stock (16)           (16)                      
Repurchases of Old Sinclair Class A Common Stock (in shares)       (5,201,809)                 (5,201,809)          
Repurchases of Old Sinclair Class A Common Stock (100)         (100)       (100)         (100)      
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans (in shares)       116,150                 178,722          
Old Sinclair Class A Common Stock issued pursuant to employee benefit plans 8         8       9         9      
Old Sinclair Class A and Class B Common Stock converted to Member Equity (in shares)                         (39,337,415) (23,775,056)        
Old Sinclair Class A and Class B Common Stock converted to SBG member's equity                   (1)     $ (1)          
Deemed dividend to parent                   (1,118)         (511) (606)   (1)
Distributions to noncontrolling interests (4)               (4) (3)               (3)
Other comprehensive income 9             9   9             9  
Net income (loss) (87)           (89)   2 (99)           (101)   2
Ending balance (in shares) at Jun. 30, 2023   39,274,843 23,775,056 39,274,843 23,775,056               0 0        
Ending balance at Jun. 30, 2023 $ 641     $ 1 $ 0 $ 510 $ 184 $ 7 $ (61) $ (472)     $ 0 $ 0 $ 0 $ (418) $ 7 $ (61)