Sinclair Broadcast Group, Inc. (SBGI) Income Statement Analysis

See more : Sunrise Realty Trust, Inc. (SUNS) Income Statement Analysis – Financial Results

Complete financial analysis of Sinclair Broadcast Group, Inc. (SBGI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sinclair Broadcast Group, Inc., a leading company in the Entertainment industry within the Communication Services sector.

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Sinclair Broadcast Group, Inc. (SBGI)

Industry: Entertainment

Sector: Communication Services

Website: https://sbgi.net

About Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and programming to television viewing audiences in the communities through its local television stations. As of December 31, 2021, the segment owned, operated, and provided services to 185 stations and 634 channels in 86 markets. The Local Sports segment operates regional sports networks. This segment broadcasts professional sports games and produce content. In addition, this segment owns regional sports network, which has the rights to air games of 45 professional sports teams and other sporting events. The company also owns and operates Tennis Channel, a cable network, which includes coverage of various tennis' top tournaments and original professional sports and tennis lifestyle shows; the Tennis Channel International streaming service; Tennis Magazine, the sport's print publication; and Tennis.com, an online tennis platform. Further, it owns and operates various networks carried on distribution platforms, including Comet, a science fiction network; CHARGE!, an adventure and action-based network; TBD, a multiscreen TV network; Stadium, a professional sports highlights and college games network; STIRR, an ad-supported DTC streaming app; and NewsON, an ad-supported app that provides access to live or on-demand local news broadcasts, including non-Sinclair affiliate partners. Additionally, the company provides technical services to the broadcast industry; and owns various non-media related investments, such as private equity, mezzanine financing, and real estate investments. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	3.13B	3.93B	6.13B	5.94B	4.24B	3.06B	2.73B	2.74B	2.22B	1.98B	1.36B	1.06B	765.29M	767.19M	656.48M	754.47M	718.10M	715.14M	692.07M	708.28M	738.74M	735.79M	710.28M	788.86M	733.60M	736.80M	516.40M	378.50M	206.10M	123.50M
Cost of Revenue	1.66B	1.99B	4.29B	2.74B	2.07B	1.19B	1.23B	1.15B	898.21M	743.63M	510.56M	381.57M	283.84M	312.99M	236.05M	272.28M	237.39M	221.98M	223.60M	216.83M	147.94M	140.06M	145.98M	147.49M	175.40M	140.70M	92.20M	66.70M	22.60M	14.60M
Gross Profit	1.47B	1.94B	1.84B	3.21B	2.17B	1.86B	1.51B	1.59B	1.32B	1.23B	852.57M	680.11M	481.45M	454.19M	420.42M	482.20M	480.71M	493.16M	468.47M	491.45M	590.80M	595.73M	564.30M	641.37M	558.20M	596.10M	424.20M	311.80M	183.50M	108.90M
Gross Profit Ratio	47.03%	49.44%	30.05%	53.98%	51.11%	61.02%	55.11%	57.96%	59.52%	62.38%	62.54%	64.06%	62.91%	59.20%	64.04%	63.91%	66.94%	68.96%	67.69%	69.39%	79.97%	80.96%	79.45%	81.30%	76.09%	80.90%	82.15%	82.38%	89.03%	88.18%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	10.00M	4.09M	12.44M	6.92M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	694.00M	972.00M	263.00M	234.00M	477.00M	211.97M	228.78M	201.44M	188.87M	176.04M	134.05M	94.38M	0.00	26.80M	25.63M	26.29M	0.00	0.00	20.80M	0.00	0.00	0.00	226.75M	226.53M	141.60M	202.10M	145.80M	101.10M	0.00	0.00
Selling & Marketing	747.00M	812.00M	908.00M	832.00M	732.00M	629.92M	533.54M	501.59M	431.73M	370.61M	249.73M	171.28M	0.00	127.09M	122.83M	136.14M	0.00	0.00	139.30M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.44B	972.00M	1.17B	1.07B	1.21B	841.89M	762.31M	703.03M	620.59M	546.65M	383.78M	265.66M	152.25M	153.89M	148.47M	162.43M	164.36M	163.37M	160.10M	177.12M	246.39M	225.16M	226.75M	226.53M	141.60M	202.10M	145.80M	101.10M	57.90M	30.60M
Other Expenses	364.00M	411.00M	648.00M	765.00M	580.00M	3.37M	8.88M	3.14M	1.54M	5.00M	2.23M	2.28M	103.18M	55.14M	133.39M	144.34M	157.18M	170.60M	138.91M	157.10M	171.39M	185.94M	296.03M	259.19M	250.90M	201.70M	152.10M	121.80M	80.40M	55.60M
Operating Expenses	1.81B	1.38B	1.82B	1.83B	1.79B	1.24B	1.05B	989.43M	897.92M	775.44M	525.16M	350.83M	255.43M	209.03M	281.85M	579.05M	321.54M	333.98M	299.01M	334.21M	417.78M	411.10M	522.78M	485.71M	392.50M	403.80M	297.90M	222.90M	138.30M	86.20M
Cost & Expenses	3.47B	3.37B	6.11B	4.57B	3.86B	2.44B	2.28B	2.14B	1.80B	1.52B	1.04B	732.40M	539.27M	522.03M	517.91M	579.05M	558.93M	555.96M	522.61M	551.05M	565.72M	551.16M	668.76M	633.20M	567.90M	544.50M	390.10M	289.60M	160.90M	100.80M
Interest Income	0.00	296.00M	618.00M	656.00M	422.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	59.00K	743.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	305.00M	296.00M	618.00M	656.00M	422.00M	291.98M	212.32M	211.14M	191.45M	174.86M	162.94M	128.55M	106.13M	116.05M	80.02M	77.72M	95.87M	115.22M	118.59M	120.40M	128.23M	126.50M	143.57M	148.91M	0.00	139.00M	0.00	84.30M	39.30M	25.40M
Depreciation & Amortization	271.00M	737.00M	3.03B	1.84B	1.15B	380.99M	391.45M	410.20M	264.89M	228.79M	141.37M	85.17M	103.18M	55.14M	65.25M	147.53M	165.23M	160.33M	142.40M	168.85M	175.47M	197.82M	279.60M	259.19M	250.90M	201.70M	152.10M	121.80M	80.40M	55.60M
EBITDA	-45.00M	4.65B	3.15B	-655.00M	1.58B	983.00M	1.12B	994.24M	688.40M	691.98M	471.59M	418.02M	330.96M	348.16M	45.62M	-132.33M	292.83M	318.98M	329.27M	302.40M	331.60M	367.52M	321.30M	415.07M	416.60M	371.40M	272.80M	210.70M	125.60M	78.30M
EBITDA Ratio	-1.44%	20.54%	10.53%	39.37%	18.23%	27.57%	26.68%	32.30%	31.11%	35.09%	34.60%	40.16%	43.44%	38.51%	31.06%	52.31%	48.92%	46.40%	41.80%	47.87%	46.59%	55.53%	54.12%	54.76%	54.69%	52.13%	53.49%	54.74%	58.95%	64.62%
Operating Income	-331.00M	486.00M	55.00M	1.67B	349.00M	659.66M	737.51M	602.85M	422.74M	494.65M	324.02M	329.28M	225.62M	240.36M	-111.23M	173.80M	159.17M	159.18M	169.46M	157.23M	173.02M	184.63M	37.69M	155.66M	165.70M	192.30M	126.30M	88.90M	45.20M	22.70M
Operating Income Ratio	-10.56%	12.37%	0.90%	28.03%	8.23%	21.59%	26.97%	22.03%	19.05%	25.03%	23.77%	31.01%	29.48%	31.33%	-16.94%	23.04%	22.17%	22.26%	24.49%	22.20%	23.42%	25.09%	5.31%	19.73%	22.59%	26.10%	24.46%	23.49%	21.93%	18.38%
Total Other Income/Expenses	-306.00M	-366.00M	-594.00M	-377.00M	-461.00M	-350.00M	-218.00M	-229.96M	-188.94M	-182.10M	-218.51M	-116.95M	-104.25M	-124.96M	-59.23M	-81.43M	-119.96M	-103.04M	-98.92M	-132.05M	-116.29M	-186.25M	-203.20M	-190.36M	-182.80M	-163.30M	-114.70M	-81.00M	-35.00M	-26.80M
Income Before Tax	-637.00M	3.61B	-499.00M	-3.15B	9.00M	310.22M	518.74M	372.89M	233.79M	312.55M	105.51M	212.34M	121.37M	115.85M	-170.46M	104.43M	39.22M	55.62M	72.68M	25.19M	38.42M	5.22M	-165.19M	-30.96M	-17.10M	39.90M	11.50M	8.00M	10.20M	-4.10M
Income Before Tax Ratio	-20.33%	92.01%	-8.13%	-52.99%	0.21%	10.15%	18.97%	13.62%	10.54%	15.81%	7.74%	20.00%	15.86%	15.10%	-25.97%	13.84%	5.46%	7.78%	10.50%	3.56%	5.20%	0.71%	-23.26%	-3.92%	-2.33%	5.42%	2.23%	2.11%	4.95%	-3.32%
Income Tax Expense	-358.00M	913.00M	-173.00M	-720.00M	-96.00M	-35.78M	-75.36M	122.13M	57.69M	97.43M	41.25M	67.85M	44.79M	40.23M	-32.51M	42.63M	18.80M	6.97M	37.06M	11.18M	15.67M	1.37M	-51.68M	4.82M	25.10M	45.70M	16.00M	6.90M	5.20M	-600.00K
Net Income	-291.00M	2.65B	-326.00M	-2.43B	105.00M	341.24M	576.01M	245.30M	171.52M	212.28M	73.47M	144.67M	75.80M	76.15M	-135.69M	61.66M	43.11M	102.62M	187.31M	24.02M	24.39M	-564.49M	-127.72M	77.37M	167.70M	-16.90M	-10.60M	1.10M	100.00K	-3.50M
Net Income Ratio	-9.29%	67.52%	-5.31%	-40.87%	2.48%	11.17%	21.07%	8.96%	7.73%	10.74%	5.39%	13.63%	9.90%	9.93%	-20.67%	8.17%	6.00%	14.35%	27.07%	3.39%	3.30%	-76.72%	-17.98%	9.81%	22.86%	-2.29%	-2.05%	0.29%	0.05%	-2.83%
EPS	-4.47	37.54	-4.34	-30.39	1.14	3.38	5.77	2.62	1.81	2.19	0.79	1.79	0.94	0.95	-1.70	-2.87	0.26	0.63	2.43	0.16	0.16	-6.62	-1.38	0.73	1.63	-0.18	-0.18	0.02	0.08	-0.05
EPS Diluted	-4.47	37.53	-4.34	-30.39	1.13	3.35	5.72	2.60	1.79	2.17	0.78	1.78	0.94	0.94	-1.70	-2.87	0.26	0.63	2.43	0.16	0.16	-6.60	-1.38	0.73	1.63	-0.18	-0.18	0.02	0.08	-0.05
Weighted Avg Shares Out	65.13M	70.65M	75.05M	79.92M	92.02M	100.91M	99.84M	93.57M	95.00M	97.11M	93.21M	81.02M	80.22M	80.25M	79.98M	85.79M	86.91M	85.68M	85.38M	86.51M	87.76M	85.29M	92.85M	91.80M	102.88M	93.58M	58.89M	55.00M	61.43M	70.00M
Weighted Avg Shares Out (Dil)	65.13M	70.66M	75.05M	79.92M	93.19M	101.72M	100.79M	94.43M	95.73M	97.82M	93.85M	81.31M	80.53M	83.61M	79.98M	85.79M	87.02M	85.69M	85.39M	86.51M	87.76M	85.51M	92.85M	91.90M	102.88M	95.54M	58.89M	55.00M	61.43M	70.00M

Wall Street Analysts Think Sinclair (SBGI) Could Surge 26.58%: Read This Before Placing a Bet

September 2, 2024zacks.com

The consensus price target hints at a 26.6% upside potential for Sinclair (SBGI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside...

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The Zacks Media Conglomerates industry players like MSGE, SBGI and RSVR are gaining from the rising demand for high-speed Internet and increased media consumption.

Sinclair (SBGI) Shows Fast-paced Momentum But Is Still a Bargain Stock

September 2, 2024zacks.com

Sinclair (SBGI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Sinclair (SBGI) Tops Q2 Earnings Estimates

August 7, 2024zacks.com

Sinclair (SBGI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of a loss of $0.14 per share. This compares to loss of $1.09 per share a year ago.

Sinclair Announces 2024 Annual Diversity Scholarship Winners, Shaping the Future of Broadcasting

July 22, 2024businesswire.com

BALTIMORE--(BUSINESS WIRE)--Sinclair today announced that the company has awarded scholarships to 12 university students as a part of its annual Diversity Scholarship program. The annual Sinclair Broadcast Group Diversity Scholarship aims to invest in the future of the broadcast industry...

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July 9, 2024benzinga.com

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Call2Recycle announces Canadian soccer legend Christine Sinclair as Ambassador of the ‘Recycle Your Batteries, Canada!' program

July 8, 2024globenewswire.com

TORONTO, July 08, 2024 (GLOBE NEWSWIRE) -- Call2Recycle, Canada's leading battery collection and recycling organization, is proud to announce Canadian soccer legend Christine Sinclair as its new official ambassador for its consumer battery recycling program, Recycle Your Batteries, Canada! ....

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If you are looking for stocks with the highest yields, look no further! First, I would make it clear that the stocks in this list are not necessarily the ones with the “highest yields.

Jerald Fritz to Retire from Sinclair/ONE Media

June 24, 2024businesswire.com

ARLINGTON, Va.--(BUSINESS WIRE)--Jerald “Jerry” Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., has announced his retirement. After an illustrious career spanning more than 55 years in and around the...

Major Broadcasters Launch NextGen TV on Four Local Television Stations in Myrtle Beach-Florence, SC

June 19, 2024businesswire.com

MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Leading television stations serving the Myrtle Beach-Florence market today began broadcasting with NextGen TV, a revolutionary new digital broadcast technology. Today's launch includes WPDE-TV (ABC), WBTW (CBS), WHMC (ETV and SCETV PBS Kids 24/7) and WWMB (Dabl)....

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Sinclair Broadcast Group, Inc. (SBGI) Income Statement Analysis – Financial Results

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