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Sinclair Broadcast

Filings

10-Q	2020-09-30	Filed 2020-11-09
10-Q	2020-06-30	Filed 2020-08-10
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

Reports

8-K	2020-11-04	Earnings, Exhibits
8-K	2020-09-23	Enter Agreement, Off-BS Arrangement, Exhibits
8-K	2020-08-06	Other Events, Exhibits
8-K	2020-08-05	Earnings, Exhibits
8-K	2020-06-10
8-K	2020-06-04
8-K	2020-05-12
8-K	2020-05-06
8-K	2020-03-17
8-K	2020-03-02
8-K	2020-02-26
8-K	2020-01-27
8-K	2019-11-27
8-K	2019-11-18
8-K	2019-11-06
8-K	2019-08-23
8-K	2019-08-13
8-K	2019-08-07
8-K	2019-08-02
8-K	2019-07-11
8-K	2019-06-06
8-K	2019-05-08
8-K	2019-05-03
8-K	2019-02-27
8-K	2019-01-25
8-K	2018-11-07
8-K	2018-08-29
8-K	2018-08-09
8-K	2018-08-08
8-K	2018-06-07
8-K	2018-05-09
8-K	2018-05-08
8-K	2018-02-28
8-K	2018-02-06

Sinclair Broadcast Financials

SBGI Metrics, Comps, Filings

Quarterly | Annual

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)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash	51	61	13	27	31	45	23	26	551	229	280	318	396	99	18	58	65	119	150	142	104	105	260	816	796	602	681	1,038	1,016	1,024	1,060	975	929	1,399
Accounts Receivable	119	115	133	136	160	152	183	197	211	250	309	285	300	328	384	369	385	387	425	417	490	520	514	510	537	523	566	538	566	610	599	581	590	1,137
Inventory
PP&E	278	277	282	314	372	366	829	432	455	513	1,038	574	636	713	1,273	742	742	747	1,304	724	728	713	1,403	712	705	724	1,487	654	667	674	1,453	687	700	740
Assets	1,497	1,564	1,571	1,771	2,160	2,246	2,730	2,735	3,343	3,618	4,147	4,110	4,182	5,294	5,452	5,417	5,381	5,480	5,432	5,747	5,780	5,866	5,963	6,317	6,290	6,687	6,784	6,663	6,582	6,627	6,572	6,634	6,554	17,779
Accounts Payable	4	3	9	5	7	6	10	9	10	14	14	8	10	19	12	7	18	7	251				323				370
Long-Term Debt	1,141	1,157	1,148	1,312	1,668	1,665	2,211	2,202	2,408	2,436	2,966	2,954	3,039	3,725	3,797	3,832	3,890	3,891	3,669	4,187	4,179	4,206	4,186	4,084	4,068	4,056	4,034	4,030	3,864	3,859	3,892	3,841	3,763	12,392
Liabilities	1,633	1,689	1,683	1,858	2,227	2,298	2,830	2,832	2,957	3,201	3,742	3,768	3,812	4,940	5,047	5,005	4,935	5,029	4,933	5,227	5,237	5,380	5,405	5,220	5,165	5,579	5,250	5,092	4,996	5,042	4,972	5,115	5,025	14,742
Stockholders' Equity	-143	-133	-121	-98	1,178	1,146	1,635	1,654	1,702	409	396	333	363	375	428	437	469	477	526	547	571	517	588	1,129	1,158	1,142	1,569	1,608	1,621	1,624	1,639	1,559	1,569	1,495


Income Statement ($MM)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Revenue	187	186	213	224	254	260	330	283	314	339	428	413	529	495	614	505	554	548	612	579	667	694	798	650	679	671	734	665	730	766	893	722	771	1,125
Cost of Revenue
Gross Profit
R&D																3	4	5	1	1	1	1	1	1	1	3	5
SG&A	30	31	32	36	42	44	50	52	53	66	78	82	83	97	109	102	103	105	122	115	128	127	131	125	127	134	148	147	151	155		160	165	185
Tax	12	11	13	5	28	39	-43	19	32	4	18	15	33	8	52	16	23	7	11	12	27	27	56	29	25	17	-146	-16	-3	-3		5	3	-95
Net Income	19	19	23	29	55	51	59	48	63	37	4	28	42	49	97	25	46	44	61	26	51	52	122	71	46	33	445	44	29	65		23	43	-49


Cash Flow ($MM)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash Operating		61	20	67	-66	162	-167	57	-33	181	10	136	44	178	72	112	66	133	89	134	76	121	262	70	72	137	153	101	156	116		100	123	271
Cash Investing		-32	-55	-201	-355	-53	-540	8	5	-547	-494	-2	-29	-1,116	-250	-28	-62	-38	-24	-455	-74	-29	-48	155	-54	-263	-37	-21	-36	-29		-47	-34	-9,396
Cash Financing		-18	-14	147	-150	2	922	33	604	11	536	-97	63	641	97	-44	2	-41	-35	312	-40	-91	-58	331	-38	-68	-37	-38	-141	-79		-138	-135	9,595