Company Quick10K Filing
Sinclair Broadcast
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-31 Filed 2013-03-12
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-03-31 Filed 2012-05-09
10-K 2011-12-31 Filed 2012-03-02
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-04
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-03-05
8-K 2020-05-12 Other Events, Exhibits
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-03-17 Other Events
8-K 2020-03-02 Earnings
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-01-27 Other Events
8-K 2019-11-27 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-18 Officers, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-08-23 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2019-08-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-08-02 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-07-11 Earnings, Exhibits
8-K 2019-06-06 Shareholder Vote
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-05-03 Enter Agreement, Regulation FD, Exhibits
8-K 2019-02-27 Earnings, Exhibits
8-K 2019-01-25 Officers, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-08-29 Other Events, Exhibits
8-K 2018-08-09 Leave Agreement, Other Events, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-06-07 Shareholder Vote
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-05-08 Enter Agreement, Other Events
8-K 2018-02-28 Earnings, Exhibits
8-K 2018-02-06 Other Events

Sinclair Broadcast Financials

SBGI Metrics, Comps, Filings

Quarterly | Annual

Business

We are a diversified television broadcasting company with national reach and a strong focus on using our spectrum to bring together content providers, advertisers, and consumers on various platforms. The content, distributed through our broadcast platform, consists of programming provided by third-party networks and syndicators, local news, our own networks, and other original programming produced by us. We also distribute our original programming, and owned and operated networks, on other third-party platforms. Additionally, we own digital and internet media products that are complementary to our extensive portfolio of television station related digital properties. We focus on offering marketing solutions to advertisers through our television and digital platforms and digital agency services. Outside of our media related businesses, we operate technical services companies focused on supply and maintenance of broadcast transmission systems as well as research and development for the advancement of broadcast technology, and we manage other non-media related investments.

As of December 31, 2018, our broadcast distribution platform consists primarily of our broadcast television stations. We own, provide programming and operating services pursuant to local marketing agreements (LMAs), or provide sales services and other non-programming operating services pursuant to other outsourcing agreements (such as JSAs and SSAs) to 191 stations in 89 markets. These stations broadcast 605 channels, including 240 channels affiliated with primary networks or program service providers comprised of: FOX (59), ABC (41), CBS (30), NBC (24), CW (47), and MyNetworkTV (MNT) (39). The other 365 channels broadcast programming from Antenna TV, Azteca, Bounce Network, CHARGE!, Comet, Estrella TV, Get TV, Grit, Me TV, Movies!, Nevada Sports Network, Stadium, TBD, Telemundo, This TV, Unimas, Univision, Weather, and two channels broadcasting independent programming. For the purpose of this report, these 191 stations and 605 channels are referred to as "our" stations and channels. Refer to our Television Markets and Stations table later in this Item 1. for more information.

Our broadcast segment provides free over-the-air programming to television viewing audiences in the communities we serve through our local television stations. The programming that we provide on our primary channels consists of network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming provided by our other media subsidiaries. We provide live, local sporting events on many of our stations by acquiring the local television broadcast rights for these events.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Nexstar Media Group (NXST) 4,879 0% 22.5 2% 14,103 12,153 2,737 0 276 582 13,080
Tribune Media (TRCO) 4,127 0% 6.7 4% 8,463 4,796 2,016 0 364 855 5,726
Sinclair Broadcast (SBGI) 3,952 0% 35.7 0% 17,779 14,742 3,511 0 17 419 14,945
TEGNA (TGNA) 3,218 46% 15.5 3% 6,902 5,381 1,606 732 202 478 7,417
Pandora (P) 2,533 33% -9.4 -28% 1,173 607 1,517 503 -332 -255 2,401
Gray Television (GTN) 1,605 0% 14.8 2% 7,104 5,051 1,871 0 173 363 5,379
Central European Media Enterprises (CETV) 1,205 45% 8.6 9% 1,339 805 697 311 126 206 1,765
EW Scripps (SSP) 1,014 0% 18.8 -0% 3,506 2,613 1,348 0 -7 155 2,913
Entercom Communications (ETM) 470 0% -12.0 -8% 4,185 2,818 1,487 0 -320 -180 2,166
Entravision Communications (EVC) 272 0% 37.7 -3% 688 402 285 0 -20 12 464
Townsquare Media (TSQ) 192 0% 13.1 -0% 1,030 681 428 0 -2 52 677
Urban One (UONE) 110 15% 11.1 10% 1,262 1,063 445 67 123 88 972
Beasley Broadcast Group (BBGI) 88 0% 10.2 1% 740 458 189 0 9 32 329
Emmis Communications (EMMS) 59 0% 7.3 2% 260 158 114 0 4 19 135
Salem Media (SALM) 43 0% 36.2 -4% 586 392 189 0 -23 8 293
NTN Buzztime (NTN) 7 0% 29.0 -5% 15 9 15 0 -1 0 6
Saga Communications (SGA) 0 0% -1.5 6% 249 59 124 0 14 20 -31
Akazoo (SONG)
Liberty Media Corporation (BATRA)
Cumulus Media (CMLS) -94.7 -0% 0 0 0 -11 1,004

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash5161132731452326551229280318396991858651191501421041052608167966026811,0381,0161,0241,0609759291,399
Accounts Receivable1191151331361601521831972112503092853003283843693853874254174905205145105375235665385666105995815901,137
Inventory
PP&E2782772823143723668294324555131,0385746367131,2737427427471,3047247287131,4037127057241,4876546676741,453687700740
Assets1,4971,5641,5711,7712,1602,2462,7302,7353,3433,6184,1474,1104,1825,2945,4525,4175,3815,4805,4325,7475,7805,8665,9636,3176,2906,6876,7846,6636,5826,6276,5726,6346,55417,779
Accounts Payable43957610910141481019127187251323370
Long-Term Debt1,1411,1571,1481,3121,6681,6652,2112,2022,4082,4362,9662,9543,0393,7253,7973,8323,8903,8913,6694,1874,1794,2064,1864,0844,0684,0564,0344,0303,8643,8593,8923,8413,76312,392
Liabilities1,6331,6891,6831,8582,2272,2982,8302,8322,9573,2013,7423,7683,8124,9405,0475,0054,9355,0294,9335,2275,2375,3805,4055,2205,1655,5795,2505,0924,9965,0424,9725,1155,02514,742
Stockholders' Equity-143-133-121-981,1781,1461,6351,6541,7024093963333633754284374694775265475715175881,1291,1581,1421,5691,6081,6211,6241,6391,5591,5691,495
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue1871862132242542603302833143394284135294956145055545486125796676947986506796717346657307668937227711,125
Cost of Revenue
Gross Profit
R&D345111111135
SG&A3031323642445052536678828397109102103105122115128127131125127134148147151155160165185
Tax12111352839-4319324181533852162371112272756292517-146-16-3-353-95
Net Income19192329555159486337428424997254644612651521227146334454429652343-49
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating612067-66162-16757-331811013644178721126613389134761212627072137153101156116100123271
Cash Investing-32-55-201-355-53-54085-547-494-2-29-1,116-250-28-62-38-24-455-74-29-48155-54-263-37-21-36-29-47-34-9,396
Cash Financing-18-14147-15029223360411536-976364197-442-41-35312-40-91-58331-38-68-37-38-141-79-138-1359,595