For the quarter ending 2026-03-31, SBGI had -$22M decrease in cash & cash equivalents over the period. $28M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 21 | 116 | 1 | -216 |
| Amortization of definite-lived intangible and other assets | 39 | 37 | 37 | 71 |
| Depreciation of property and equipment | 26 | 29 | 25 | 50 |
| Amortization of program costs | 18 | 17 | 21 | 36 |
| Stock-based compensation | 21 | 9 | 9 | 33 |
| Deferred tax benefit | -156 | -23 | 43 | -141 |
| Loss on asset dispositions and other, net | -7 | 0 | -9 | -17 |
| Loss on deconsolidation of subsidiary | - | 0 | - | - |
| Loss from equity method investments | -1 | 70 | -2 | -7 |
| Loss from investments | 85 | -49 | -20 | 103 |
| Distributions from investments | 1 | 70 | 1 | 3 |
| Gain on extinguishment of debt | 0 | 0 | 0 | 6 |
| Debt issuance costs | 0 | -15 | 0 | 68 |
| Decrease (increase) in accounts receivable | -55 | 59 | 3 | -15 |
| Increase in prepaid expenses and other current assets | 39 | -9 | -20 | 38 |
| (decrease) increase in accounts payable and accrued and other current liabilities | -12 | 31 | -92 | 104 |
| Net change in net income taxes payable/receivable | -1 | 22 | -48 | 49 |
| Decrease in program contracts payable | 19 | 19 | 18 | 37 |
| Other, net | 4 | 7 | 23 | -9 |
| Net cash flows from operating activities | 43 | 98 | -36 | 127 |
| Acquisition of property and equipment | 15 | 19 | 22 | 33 |
| Acquisition of businesses, net of cash acquired | 15 | 4 | 0 | 25 |
| Purchases of investments | 8 | 25 | 6 | 20 |
| Distributions and proceeds from investments | 11 | 17 | 0 | 13 |
| Other, net | -3 | -4 | 0 | 0 |
| Net cash flows used in investing activities | -24 | -27 | -28 | -65 |
| Proceeds from notes payable and commercial bank financing | 0 | 375 | 0 | 1,430 |
| Repayments of notes payable, commercial bank financing, and finance leases | 9 | 95 | 6 | 1,414 |
| Repurchase of outstanding classa common stock | - | 0 | - | - |
| Dividends paid on classa and classb common stock | 18 | 17 | 18 | 34 |
| Repurchase of redeemable subsidiary preferred equity | - | 0 | - | - |
| Debt issuance costs | 0 | -14 | 0 | 110 |
| Distributions to noncontrolling interests | 3 | 9 | 2 | 6 |
| Other, net | -11 | 1 | 0 | -9 |
| Net cash flows used in financing activities | -41 | 269 | -26 | -143 |
| Net decrease in cash, cash equivalents, and restricted cash | -22 | 340 | -90 | -81 |
| Cash, cash equivalents, and restricted cash, beginning of period | 866 | 526 | 697 | - |
| Cash, cash equivalents, and restricted cash, end of period | 844 | 866 | 526 | - |
Sinclair, Inc. (SBGI)
Sinclair, Inc. (SBGI)