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Sinclair Broadcast Group (SBGI)
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Sinclair Broadcast Group Balance Sheet 2022-2008 | SBGI
Brief overview of Sinclair Broadcast Group's balance sheet strength
The balance sheet is assessed across five available annual reports spanning 2018 to 2022.
Assets changed little, standing at $6.6 billion initially and $6.7 billion at the end. The balance sheet stayed close to its former scale.
Liability growth of +17.2% exceeded asset growth of +2%, increasing reliance on outside funding.
The equity ratio is 11.2%, compared with 24.9% before. Low autonomy increases reliance on liabilities.
Net debt to equity is high at 4.51x; refinancing risk and borrowing costs become more important.
Cash represents 13.2% of assets versus 16.1% initially, showing how the immediate liquidity reserve changed.
By the end of the period, accumulated earnings were $122 million; the change from the start was -76.4%.
Overall picture
Sinclair Broadcast Group has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.
Annual Balance Sheet Sinclair Broadcast Group
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.37 B | 11.5 B | 11.3 B | 11.1 B | 2.91 B | 3.21 B | 3.75 B | 3.52 B | 3.74 B | 2.69 B | 2.19 B | 1.14 B | 1.15 B | - | - |
Long Term Debt |
4.23 B | 12.3 B | 12.5 B | 12.4 B | 3.93 B | 3.89 B | 4.01 B | 3.67 B | 3.75 B | 2.97 B | 2.21 B | 1.15 B | 1.17 B | - | - |
Long Term Debt Current |
23 M | 35 M | 34 M | 38 M | 41 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
5.22 B | 12.8 B | 13.3 B | 14.5 B | 4.4 B | 4.52 B | 4.77 B | 4.4 B | 4.55 B | 3.4 B | 2.52 B | 1.49 B | 1.48 B | - | - |
Total Current Liabilities |
608 M | 1.2 B | 1.03 B | 1.13 B | 573 M | 726 M | 636 M | 535 M | 487 M | 343 M | 308 M | 196 M | 168 M | - | - |
Total Liabilities |
5.83 B | 14 B | 14.4 B | 14.6 B | 4.97 B | 5.25 B | 5.41 B | 4.93 B | 5 B | 3.74 B | 2.83 B | 1.68 B | 1.64 B | - | - |
Deferred Revenue |
- | - | - | 54 M | 83 M | 50 M | 25.7 M | 24.8 M | 27 M | 20.1 M | 14.7 M | 13.3 M | - | - | - |
Retained Earnings |
122 M | -2.46 B | -1.99 B | 492 M | 518 M | 249 M | -256 M | -437 M | -546 M | -697 M | -714 M | -735 M | -772 M | - | - |
Total Assets |
6.7 B | 12.5 B | 13.4 B | 17.4 B | 6.57 B | 6.78 B | 5.96 B | 5.43 B | 5.41 B | 4.15 B | 2.73 B | 1.57 B | 1.49 B | - | - |
Cash and Cash Equivalents |
884 M | 816 M | 1.26 B | 1.33 B | 1.06 B | 681 M | 260 M | 150 M | 17.7 M | 280 M | 17.7 M | 13 M | 22 M | 23.2 M | 16.5 M |
Book Value |
875 M | -1.51 B | -995 M | 2.77 B | 1.6 B | 1.53 B | 558 M | 500 M | 405 M | 406 M | -100 M | -111 M | -157 M | - | - |
Total Shareholders Equity |
748 M | -1.77 B | -1.27 B | 1.5 B | 1.64 B | 1.57 B | 588 M | 526 M | 428 M | 396 M | -117 M | -121 M | -165 M | -202 M | -58.7 M |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Balance Sheet Sinclair Broadcast Group
| 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
148 M | 154 M | 156 M | 159 M | 163 M | 205 M | 185 M | 187 M | 194 M | 198 M | 203 M | 211 M | 216 M | 217 M | 213 M | 194 M | 194 M | 3.93 B | 3.86 B | 3.86 B | 3.88 B | 3.89 B | 3.88 B | 3.88 B | 4 B | 4.01 B | 4.02 B | 3.98 B | 4 B | 3.67 B | 3.8 B | 3.81 B | 3.83 B | 3.75 B | 3.73 B | 3.04 B | 2.95 B | 2.97 B | 2.44 B | 2.41 B | 2.2 B | 2.21 B | 1.66 B | 1.67 B | 1.31 B | 1.15 B | 1.16 B | 1.14 B | 1.15 B |
Total Non Current Liabilities |
5 B | 5.22 B | 5.09 B | 5 B | 5.17 B | 12.8 B | 13.1 B | 13.1 B | 13.2 B | 13.3 B | 13 B | 13.5 B | 14.3 B | 13.5 B | 13.6 B | 4.5 B | 4.58 B | 4.4 B | 4.44 B | 4.43 B | 4.5 B | 4.52 B | 4.67 B | 4.63 B | 4.75 B | 4.77 B | 4.78 B | 4.71 B | 4.69 B | 4.4 B | 4.54 B | 4.54 B | 4.57 B | 4.52 B | 4.48 B | 3.48 B | 3.37 B | 3.4 B | 2.86 B | 2.73 B | 2.52 B | 2.52 B | 1.99 B | 1.99 B | 1.64 B | 1.49 B | 1.49 B | 1.46 B | - |
Total Liabilities |
5.6 B | 5.83 B | 5.78 B | 5.62 B | 5.78 B | 14 B | 14.2 B | 14.1 B | 14.1 B | 14.4 B | 14 B | 14.4 B | 15.2 B | 14.6 B | 14.7 B | 5.02 B | 5.12 B | 4.97 B | 5.04 B | 5 B | 5.09 B | 5.25 B | 5.58 B | 5.16 B | 5.22 B | 5.41 B | 5.38 B | 5.24 B | 5.23 B | 4.93 B | 5.03 B | 4.93 B | 5.01 B | 5 B | 4.94 B | 3.81 B | 3.77 B | 3.74 B | 3.2 B | 2.96 B | 2.83 B | 2.83 B | 2.3 B | 2.23 B | 1.86 B | 1.68 B | 1.69 B | 1.63 B | 1.68 B |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | 75 M | 38 M | 45 M | 54 M | 61 M | 67.8 M | 75.1 M | 83 M | 83 M | 83.3 M | 83.3 M | 50 M | - | - | - | 31.7 M | - | - | - | 24.8 M | - | - | - | 27 M | - | - | - | 20.1 M | - | - | - | 14.7 M | - | - | - | 13.3 M | - | - | - |
Retained Earnings |
289 M | 122 M | 84 M | 79 M | 109 M | -2.46 B | -2.36 B | -2.36 B | -2.01 B | -1.99 B | -2.44 B | 832 M | 596 M | 492 M | 467 M | 545 M | 521 M | 518 M | 331 M | 285 M | 276 M | 249 M | -176 M | -189 M | -215 M | -256 M | -360 M | -394 M | -427 M | -437 M | -480 M | -507 M | -537 M | -546 M | -625 M | -658 M | -685 M | -697 M | -684 M | -706 M | -709 M | -714 M | -680 M | -694 M | -715 M | -735 M | -748 M | -757 M | -735 M |
Total Assets |
6.44 B | 6.7 B | 6.6 B | 6.45 B | 6.66 B | 12.5 B | 12.8 B | 12.8 B | 13.1 B | 13.4 B | 12.5 B | 16.8 B | 17.4 B | 17.4 B | 17.8 B | 6.55 B | 6.63 B | 6.57 B | 6.63 B | 6.58 B | 6.66 B | 6.78 B | 6.69 B | 6.29 B | 6.32 B | 5.96 B | 5.87 B | 5.78 B | 5.75 B | 5.43 B | 5.48 B | 5.38 B | 5.42 B | 5.41 B | 5.29 B | 4.18 B | 4.11 B | 4.15 B | 3.62 B | 3.34 B | 2.73 B | 2.73 B | 2.25 B | 2.16 B | 1.77 B | 1.57 B | 1.56 B | 1.5 B | 1.57 B |
Cash and Cash Equivalents |
623 M | 884 M | 607 M | 420 M | 521 M | 819 M | 1.06 B | 968 M | 945 M | 1.26 B | 633 M | 622 M | 1.34 B | 1.33 B | 1.4 B | 929 M | 975 M | 1.06 B | 1.02 B | 1.02 B | 1.04 B | 996 M | 916 M | 800 M | 820 M | 260 M | 105 M | 104 M | 142 M | 154 M | 119 M | 64.6 M | 57.8 M | 17.7 M | 99.4 M | 396 M | 318 M | 280 M | 229 M | 551 M | 25.8 M | 17.7 M | 44.6 M | 31.1 M | 26.8 M | 13 M | 61.4 M | 51.3 M | 13 M |
Book Value |
831 M | 875 M | 830 M | 829 M | 887 M | -1.51 B | -1.37 B | -1.36 B | -998 M | -995 M | -1.48 B | 2.32 B | 2.18 B | 2.77 B | 3.04 B | 1.53 B | 1.52 B | 1.6 B | 1.59 B | 1.59 B | 1.57 B | 1.53 B | 1.11 B | 1.12 B | 1.1 B | 558 M | 487 M | 543 M | 520 M | 500 M | 451 M | 446 M | 412 M | 405 M | 354 M | 370 M | 342 M | 406 M | 416 M | 386 M | -97.3 M | -100 M | -52.4 M | -66.3 M | -87.2 M | -111 M | -125 M | -135 M | -111 M |
Total Shareholders Equity |
831 M | 681 M | 640 M | 642 M | 703 M | -1.71 B | -1.56 B | -1.55 B | -1.19 B | -1.18 B | -1.68 B | 1.81 B | 1.66 B | 1.69 B | 1.68 B | 1.53 B | 1.52 B | 1.6 B | 1.59 B | 1.58 B | 1.57 B | 1.54 B | 1.11 B | 1.12 B | 1.1 B | 558 M | 487 M | 543 M | 520 M | 500 M | 451 M | 446 M | 412 M | 405 M | 354 M | 370 M | 342 M | 406 M | 416 M | 386 M | -97.3 M | -100 M | -52.4 M | -66.3 M | -87.2 M | -111 M | -125 M | -135 M | -121 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Sinclair Broadcast Group, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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