For the year ending 2025-12-31, SBGI had $169M increase in cash & cash equivalents over the period. $115M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (loss) income | -99 |
| Amortization of definite-lived intangible assets | 145 |
| Depreciation of property and equipment | 104 |
| Amortization of program contract costs | 74 |
| Stock-based compensation | 51 |
| Deferred tax (benefit) provision | -121 |
| Loss (gain) on asset dispositions and other, net | -26 |
| Loss on deconsolidation of subsidiary | 0 |
| Income from equity method investments | 61 |
| Loss from investments | 34 |
| Distributions from investments | 74 |
| Gain on extinguishment of debt | 6 |
| Debt issuance costs | 53 |
| Increase in accounts receivable | 47 |
| (increase) decrease in prepaid expenses and other current assets | 9 |
| Increase (decrease) in accounts payable and accrued and other current liabilities | 43 |
| Net change in current and long-term net income taxes payable/receivable | 23 |
| Decrease in program contracts payable | 74 |
| Other, net | 21 |
| Net cash flows from operating activities | 189 |
| Acquisition of property and equipment | 74 |
| Acquisition of businesses, net of cash acquired | 29 |
| Purchases of investments | 51 |
| Distributions and proceeds from investments | 30 |
| Other, net | -4 |
| Net cash flows (used in) from investing activities | -120 |
| Proceeds from notes payable and commercial bank financing | 1,805 |
| Repayments of notes payable, commercial bank financing and finance leases | 1,515 |
| Repurchase of outstanding classa common stock | 0 |
| Dividends paid on classa and classb common stock | 69 |
| Repurchase of redeemable subsidiary preferred equity | 0 |
| Debt issuance costs | 96 |
| Distributions to noncontrolling interests | 17 |
| Other, net | -8 |
| Net cash flows from (used in) financing activities | 100 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 169 |
| Cash, and cash equivalents, and restricted cash, beginning of year | 697 |
| Cash, and cash equivalents, and restricted cash, end of year | 866 |
Sinclair, Inc. (SBGI)
Sinclair, Inc. (SBGI)