Sinclair Broadcast (SBGI) financial statements
Sinclair Broadcast reported revenue of $3.2B in fiscal 2025, down 15.2% a year over 4 years.
Net income was -$112M and the operating margin 5.5%, against 1.5% in 2021.
Free cash flow was $115M, and the company returned $69M in dividends.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sinclair Broadcast's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.1B | $3.9B | $3.1B | $3.5B | $3.2B |
| Selling, general and admin | $908M | $812M | $747M | $794M | $806M |
| Operating income | $95M | $4.0B | -$331M | $551M | $173M |
| Interest expense | $618M | $296M | $305M | $304M | $395M |
| Pre-tax income | -$499M | $3.6B | -$637M | $395M | -$153M |
| Income tax | -$173M | $913M | -$358M | $76M | -$54M |
| Net income | -$414M | $2.7B | -$291M | $310M | -$112M |
| EPS (diluted) | -$5.51 | $37.54 | -$4.46 | $4.69 | -$1.61 |
| Diluted shares | 75M | 71M | 65M | 66M | 69M |
| Operating margin | 1.5% | 101.3% | -10.6% | 15.5% | 5.5% |
| Net margin | -6.7% | 67.5% | -9.3% | 8.7% | -3.5% |
Balance sheet
Fiscal years, from Sinclair Broadcast's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $819M | $884M | $662M | $697M | $866M |
| Receivables | — | $612M | $616M | $637M | $687M |
| Total current assets | — | $1.7B | $1.5B | $1.5B | $1.7B |
| Property, plant and equipment | — | $728M | $715M | $705M | $655M |
| Goodwill | $2.1B | $2.1B | $2.1B | $2.1B | $2.1B |
| Total assets | — | $6.7B | $6.1B | $5.9B | $5.9B |
| Total current liabilities | — | $608M | $1.1B | $605M | $703M |
| Long-term debt | — | $4.2B | $4.1B | $4.1B | $4.4B |
| Total liabilities | — | $5.8B | $5.9B | $5.4B | $5.6B |
| Shareholders' equity | -$1.7B | $748M | $285M | $583M | $443M |
| Net debt | -$819M | $3.4B | $3.5B | $3.4B | $3.5B |
Cash flow
Fiscal years, from Sinclair Broadcast's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $327M | $799M | $235M | $98M | $189M |
| Capital spending | $80M | $105M | $92M | $84M | $74M |
| Free cash flow | $247M | $694M | $143M | $14M | $115M |
| Stock-based compensation | $60M | $50M | $45M | $51M | $51M |
| Dividends paid | $60M | $70M | $65M | $66M | $69M |
| Share buybacks (net) | -$61M | -$120M | -$153M | $0 | $0 |
| Net borrowing | $357M | $728M | $0 | $0 | $1.8B |
| Free cash flow margin | 4.0% | 17.7% | 4.6% | 0.4% | 3.6% |
| Dividends per share | $0.80 | $0.99 | $1.00 | $1.00 | $1.00 |
Questions
What was Sinclair Broadcast's revenue in 2025?
$3.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Sinclair Broadcast generate?
$115M in fiscal 2025 (operating cash flow minus capital spending).
From Sinclair Broadcast's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.