v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 604 $ 866
Accounts receivable, net of allowance for doubtful accounts of $8 and $5, respectively 647 687
Prepaid expenses and other current assets 137 147
Total current assets 1,388 1,700
Property and equipment, net 634 655
Operating lease assets 108 110
Goodwill 2,083 2,085
Indefinite-lived intangible assets 24 149
Other assets 648 717
Total assets [1] 5,481 5,949
Current liabilities:    
Accounts payable and accrued liabilities 526 496
Income taxes payable 24 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 42 70
Other current liabilities 74 67
Total current liabilities 714 703
Notes payable, finance leases, and commercial bank financing, less current portion 4,036 4,358
Operating lease liabilities, less current portion 108 112
Program contracts payable, less current portion 8 13
Deferred tax liabilities 141 213
Other long-term liabilities 170 180
Total liabilities [1] 5,177 5,579
Commitments and contingencies (See Note 4)
Shareholders’ equity:    
Additional paid-in capital 642 613
Accumulated deficit (263) (171)
Total Sinclair shareholders’ equity 380 443
Noncontrolling interests (76) (73)
Total equity 304 370
Total liabilities and equity 5,481 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 249 269
Other definite-lived intangible assets, net    
Current assets:    
Definite-lived intangible assets, net $ 347 $ 264
[1] Our consolidated total assets as of June 30, 2026 and December 31, 2025 include total assets of variable interest entities (“VIE”) of $16 million and $30 million, respectively, which can only be used to settle the obligations of the VIEs. Our consolidated total liabilities as of June 30, 2026 and December 31, 2025 include total liabilities of VIEs of $4 million and $8 million, respectively, for which the creditors of the VIEs have no recourse to us. See Note 7. Variable Interest Entities.