Company Quick10K Filing
Sinclair Broadcast
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 93 $4,981
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-03-02 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-03-04 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
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

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Sinclair Broadcast (SBGI) 4,981 0% 9.3 5% 6,554 5,025 3,152 0 339 843 7,815
Nexstar Media Group (NXST) 4,805 0% 10.9 5% 7,032 5,073 2,767 0 381 779 8,510
Tribune Media (TRCO) 4,127 0% 6.3 4% 8,463 4,796 2,016 0 364 911 5,726
TEGNA (TGNA) 3,242 50% 8.1 8% 5,413 3,933 2,235 1,125 412 765 6,178
Pandora (P) 2,533 33% -9.4 -28% 1,173 607 1,517 503 -332 -255 2,401
Gray Television (GTN) 1,603 0% 13.5 3% 7,001 4,988 1,634 0 176 404 5,452
EW Scripps (SSP) 1,203 0% 13.9 1% 3,048 1,300 0 34 179 2,484
Central European Media Enterprises (CETV) 1,112 45% 5.8 12% 1,469 916 682 304 180 294 1,704
Entercom Communications (ETM) 813 0% -23.8 -8% 4,125 2,777 1,480 0 -321 -105 2,499
Entravision Communications (EVC) 249 21% 13.1 -1% 700 397 291 61 -5 33 437
Townsquare Media (TSQ) 139 0% 9.8 -0% 1,013 668 430 0 -1 65 637
Urban One (UONE) 107 52% 3.9 11% 1,269 1,077 444 229 141 257 1,002
Beasley Broadcast Group (BBGI) 84 0% 7.9 1% 724 445 264 0 10 40 317
Emmis Communications (EMMS) 59 0% 7.3 2% 260 158 114 0 4 19 135
Salem Media (SALM) 49 0% 8.5 -1% 611 395 258 0 -5 36 303
Saga Communications (SGA) 0 0% -1.4 6% 247 59 125 0 14 21 -28
NTN Buzztime (NTN) 0 0% -0.8 -1% 16 9 22 0 -0 1 -1
Akazoo (SONG)
Tencent Music (TME)
ViacomCBS (VIAC)

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash137280181502606811,060
Accounts Receivable133183309384425514566599
Inventory
PP&E282-111,0381,273717718738683
Assets1,5712,7304,1475,4525,4325,9636,7846,572
Accounts Payable9101412251323370
Long-Term Debt1,148132,9663,7973,6694,1864,0343,892
Liabilities1,6832,1833,7425,0474,9335,4055,2504,972
Stockholders' Equity-121-1523964285265881,5691,639
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue7651,0621,3631,9772,2192,7372,7343,055
Cost of Revenue
Gross Profit
R&D12410
SG&A124171250371432502534630
Tax456826101107108-75-36
Net Income7614576215176251594346
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating149237161430401592431647
Cash Investing-112-48-1,051-1,397-151-606-198-118
Cash Financing-45-31,148704-117124188-465