v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash $ 199 $ 135
Accounts receivable, net 216 337
Current portion of program broadcast rights, net 5 17
Income tax refunds receivable 6 6
Prepaid income taxes 25 25
Prepaid and other current assets 27 21
Total current assets 478 541
Property and equipment, net 1,542 1,577
Operating leases right of use asset 70 69
Broadcast licenses 5,310 5,311
Goodwill 2,642 2,642
Other intangible assets, net 203 290
Investments in broadcasting and technology companies 58 66
Deferred pension assets 20 19
Other 29 27
Total assets 10,352 10,542
Liabilities and stockholders’ equity:    
Accounts payable 82 75
Employee compensation and benefits 83 111
Accrued interest 95 112
Accrued network programming fees 93 79
Other accrued expenses 121 53
Federal and state income taxes 8 5
Current portion of program broadcast obligations 5 18
Deferred revenue 27 29
Dividends payable 15 15
Current portion of operating lease liabilities 10 10
Current portion of long-term debt 10 20
Total current liabilities 549 527
Long-term debt, less current portion and deferred financing costs 5,580 5,601
Deferred income taxes 1,312 1,347
Operating lease liabilities, less current portion 62 62
Other 18 72
Total liabilities 7,521 7,609
Commitments and contingencies (Note 9)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date and $650 aggregate liquidation value at each date 650 650
Stockholders’ equity:    
Retained earnings 1,268 1,375
Accumulated other comprehensive loss, net of income tax benefit (31) (30)
Stockholders' equity before treasury stock 2,504 2,600
Total stockholders’ equity 2,181 2,283
Total liabilities and stockholders’ equity 10,352 10,542
Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 1,205 1,198
Treasury stock at cost (288) (284)
Class A Common Stock (No Par Value) [Member]    
Stockholders’ equity:    
Common stock 62 57
Treasury stock at cost $ (35) $ (33)