← Sinclair, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| REVENUE: | ||||||
| Total operating expenses | $6.0b | ($52.0m) | $3.5b | $3.0b | $3.0b | |
| Operating income (loss) | $95.0m | $4.0b | ($331.0m) | $551.0m | $173.0m | |
| Media Revenue | $6.1b | $3.9b | $3.1b | $3.5b | $3.1b | |
| Non-media revenue | $51.0m | $34.0m | $28.0m | $37.0m | $27.0m | |
| Depreciation of property and equipment | $114.0m | $100.0m | $105.0m | $101.0m | $104.0m | |
| Amortization of definite-lived intangible and other assets | $477.0m | $221.0m | $166.0m | $149.0m | $145.0m | |
| Loss on deconsolidation of subsidiary | $0 | ($3.4b) | $10.0m | $0 | $0 | |
| (Gain) loss on asset dispositions and other, net | ($71.0m) | ($64.0m) | $3.0m | ($20.0m) | ($19.0m) | |
| Gain on extinguishment of debt | ($7.0m) | $3.0m | $15.0m | $1.0m | $6.0m | |
| Income from equity method investments | $45.0m | $56.0m | $29.0m | $118.0m | $61.0m | |
| INCOME TAX BENEFIT (PROVISION) | $173.0m | ($913.0m) | $358.0m | ($76.0m) | $54.0m | |
| NET (LOSS) INCOME | ($326.0m) | $2.7b | ($279.0m) | $319.0m | ($99.0m) | |
| Net loss attributable to the redeemable noncontrolling interests | ($18.0m) | ($20.0m) | $4.0m | $0 | $0 | |
| NET (LOSS) INCOME ATTRIBUTABLE TO SINCLAIR | ($414.0m) | $2.7b | ($291.0m) | $310.0m | ($112.0m) | |
| (Loss) income before income taxes | ($499.0m) | $3.6b | ($637.0m) | $395.0m | ($153.0m) | |
| Net income attributable to the noncontrolling interests | ($70.0m) | ($29.0m) | ($16.0m) | ($9.0m) | ($13.0m) | |
| Basic (loss) earnings per share (in dollars per share) | ($5.51) | $37.54 | ($4.46) | $4.72 | ($1.61) | |
| Diluted (loss) earnings per share (in dollars per share) | ($5.51) | $37.54 | ($4.46) | $4.69 | ($1.61) | |
| Basic weighted average common shares outstanding (in shares) | 75.0m | 70.7m | 65.1m | 65.8m | 69.1m | |
| Diluted weighted average common and common equivalent shares outstanding (in shares) | 75.0m | 70.7m | 65.1m | 66.1m | 69.1m | |
| Media programming and production expenses | $4.3b | $1.9b | $1.6b | $1.7b | $1.7b | |
| Media selling, general and administrative expenses | $908.0m | $812.0m | $747.0m | $794.0m | $806.0m | |
| Amortization of program contract costs | $93.0m | $90.0m | $80.0m | $74.0m | $74.0m | |
| Non-media expenses | $57.0m | $44.0m | $49.0m | $53.0m | $48.0m | |
| Corporate general and administrative expenses | $170.0m | $160.0m | $694.0m | $185.0m | $185.0m | |
| Interest expense including amortization of debt discount and deferred financing costs | ($618.0m) | ($296.0m) | ($305.0m) | ($304.0m) | ($395.0m) | |
| Other income (expense), net | ($14.0m) | ($129.0m) | ($45.0m) | $29.0m | $2.0m | |
| Total other expense, net | ($594.0m) | ($366.0m) | ($306.0m) | ($156.0m) | ($326.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.