v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (154) $ 25
Adjustments to reconcile net (loss) income to net cash flows from (used in) operating activities:    
Amortization of definite-lived intangible and other assets 36 38
Depreciation of property and equipment 26 25
Amortization of program costs 19 19
Equity-based compensation 22 27
Deferred tax benefit (138) 4
Loss on asset dispositions and other, net 8 0
Income from investments 73 (27)
Gain on extinguishment of debt (2) (1)
Debt issuance costs 68 0
Change in assets and liabilities, net of acquisitions:    
Increase in accounts receivable (33) (27)
Increase in prepaid expenses and other current assets (29) (3)
Increase (decrease) in accounts payable and accrued and other current liabilities 24 (35)
Net change in net income taxes payable/receivable 92 (8)
Decrease in program contracts payable (19) (22)
Other, net 4 (6)
Net cash flows from (used in) operating activities 5 (4)
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (16) (21)
Distributions and proceeds from investments 7 77
Other, net 0 1
Net cash flows (used in) from investing activities (42) 54
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 1,430 0
Repayments of notes payable, commercial bank financing, and finance leases (1,331) (34)
Debt issuance costs (99) 0
Distributions to noncontrolling interests, net (3) (2)
Net cash flows used in financing activities (29) (57)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (66) (7)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 697 662
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 631 655
Sinclair Broadcast Group, LLC    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income (101) 6
Adjustments to reconcile net (loss) income to net cash flows from (used in) operating activities:    
Amortization of definite-lived intangible and other assets 31 33
Depreciation of property and equipment 25 25
Amortization of program costs 19 19
Equity-based compensation 22 25
Deferred tax benefit (99) 0
Loss on asset dispositions and other, net 8 0
Income from investments 0 (25)
Gain on extinguishment of debt (2) (1)
Debt issuance costs 68 0
Change in assets and liabilities, net of acquisitions:    
Increase in accounts receivable (20) (10)
Increase in prepaid expenses and other current assets (8) (2)
Net change in due to/from member 1 17
Increase (decrease) in accounts payable and accrued and other current liabilities 30 (16)
Net change in net income taxes payable/receivable 73 (9)
Decrease in program contracts payable (19) (22)
Other, net 6 (23)
Net cash flows from (used in) operating activities 34 17
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (15) (22)
Distributions and proceeds from investments 0 26
Other, net 0 1
Net cash flows (used in) from investing activities (15) 5
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 1,430 0
Repayments of notes payable, commercial bank financing, and finance leases (1,331) (34)
Debt issuance costs (99) 0
(Distributions to) contributions from member, net (31)  
(Distributions to) contributions from member, net   32
Distributions to noncontrolling interests, net (2) (2)
Net cash flows used in financing activities (33) (4)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (14) 18
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 291 319
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 277 $ 337