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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Media revenues $ 3,106 $ 3,894 $ 6,083
Non-media revenues 28 34 51
Total revenues 3,134 3,928 6,134
OPERATING EXPENSES:      
Media programming and production expenses 1,611 1,942 4,291
Media selling, general and administrative expenses 747 812 908
Amortization of program contract costs 80 90 93
Non-media expenses 49 44 57
Depreciation of property and equipment 105 100 114
Corporate general and administrative expenses 694 160 170
Amortization of definite-lived intangible and other assets 166 221 477
Loss (gain) on deconsolidation of subsidiary 10 (3,357) 0
Gain on asset dispositions and other, net of impairment 3 (64) (71)
Total operating expenses (gains) 3,465 (52) 6,039
Operating (loss) income (331) 3,980 95
OTHER INCOME (EXPENSE):      
Interest expense including amortization of debt discount and deferred financing costs (305) (296) (618)
Gain (loss) on extinguishment of debt 15 3 (7)
Income from equity method investments 29 56 45
Other expense, net (45) (129) (14)
Total other expense, net (306) (366) (594)
(Loss) income before income taxes (637) 3,614 (499)
INCOME TAX BENEFIT (PROVISION) 358 (913) 173
NET (LOSS) INCOME (279) 2,701 (326)
Net loss (income) attributable to the redeemable noncontrolling interests 4 (20) (18)
Net income attributable to the noncontrolling interests (16) (29) (70)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR (291) 2,652 (414)
Sinclair Broadcast Group, LLC      
REVENUES:      
Media revenues 2,968 3,894 6,083
Non-media revenues 10 34 51
Total revenues 2,978 3,928 6,134
OPERATING EXPENSES:      
Media programming and production expenses 1,543 1,942 4,291
Media selling, general and administrative expenses 719 812 908
Amortization of program contract costs 80 90 93
Non-media expenses 24 44 57
Depreciation of property and equipment 104 100 114
Corporate general and administrative expenses 654 160 170
Amortization of definite-lived intangible and other assets 148 221 477
Loss (gain) on deconsolidation of subsidiary 10 (3,357) 0
Gain on asset dispositions and other, net of impairment (2) (64) (71)
Total operating expenses (gains) 3,280 (52) 6,039
Operating (loss) income (302) 3,980 95
OTHER INCOME (EXPENSE):      
Interest expense including amortization of debt discount and deferred financing costs (305) (296) (618)
Gain (loss) on extinguishment of debt 15 3 (7)
Income from equity method investments 31 56 45
Other expense, net (43) (129) (14)
Total other expense, net (302) (366) (594)
(Loss) income before income taxes (604) 3,614 (499)
INCOME TAX BENEFIT (PROVISION) 359 (913) 173
NET (LOSS) INCOME (245) 2,701 (326)
Net loss (income) attributable to the redeemable noncontrolling interests 4 (20) (18)
Net income attributable to the noncontrolling interests (16) (29) (70)
NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR $ (257) $ 2,652 $ (414)