v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 844 $ 866
Accounts receivable, net of allowance for doubtful accounts of $5 as of both periods 631 687
Prepaid expenses and other current assets 153 147
Total current assets 1,628 1,700
Property and equipment, net 640 655
Operating lease assets 112 110
Goodwill 2,082 2,085
Indefinite-lived intangible assets 27 149
Other assets 651 717
Total assets [1] 5,776 5,949
Current liabilities:    
Accounts payable and accrued liabilities 475 496
Income taxes payable 21 21
Current portion of notes payable, finance leases, and commercial bank financing 23 25
Current portion of operating lease liabilities 25 24
Current portion of program contracts payable 57 70
Other current liabilities 71 67
Total current liabilities 672 703
Notes payable, finance leases, and commercial bank financing, less current portion 4,353 4,358
Operating lease liabilities, less current portion 113 112
Program contracts payable, less current portion 12 13
Deferred tax liabilities 57 213
Other long-term liabilities 177 180
Total liabilities [1] 5,384 5,579
Commitments and contingencies (See Note 4)
Shareholders’ equity:    
Additional paid-in capital 635 613
Accumulated deficit (169) (171)
Total Sinclair shareholders’ equity 467 443
Noncontrolling interests (75) (73)
Total equity 392 370
Total liabilities and equity 5,776 5,949
Class A Common Stock    
Shareholders’ equity:    
Common Stock 1 1
Class B Common Stock    
Shareholders’ equity:    
Common Stock 0 0
Customer relationships, net    
Current assets:    
Definite-lived intangible assets, net 265 269
Other definite-lived intangible assets, net    
Current assets:    
Definite-lived intangible assets, net $ 371 $ 264
[1] Our consolidated total assets as of March 31, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $21 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of March 31, 2026 and December 31, 2025 include total liabilities of VIEs of $5 million and $8 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.