Sinclair (Sinclair) Cash And Cash Equivalents : $662 Mil (As of Dec. 2023)

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What is Sinclair Cash And Cash Equivalents?

Sinclair's quarterly cash and cash equivalents declined from Jun. 2023 ($728.00 Mil) to Sep. 2023 ($643.00 Mil) but then increased from Sep. 2023 ($643.00 Mil) to Dec. 2023 ($662.00 Mil).

Sinclair's annual cash and cash equivalents increased from Dec. 2021 ($816.00 Mil) to Dec. 2022 ($884.00 Mil) but then declined from Dec. 2022 ($884.00 Mil) to Dec. 2023 ($662.00 Mil).

Sinclair Cash And Cash Equivalents Historical Data

The historical data trend for Sinclair's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sinclair Cash And Cash Equivalents Chart

Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,333.00

1,259.00

816.00

884.00

662.00

Sinclair Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															884.00	623.00	728.00	643.00	662.00

Sinclair Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Sinclair (NAS:SBGI) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Sinclair Cash And Cash Equivalents Related Terms

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Sinclair (Sinclair) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sinclair Inc (NAS:SBGI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030

Website

https://www.sbgi.net

Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 185 stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels on networks aligned with The CW (Nexstar) and MyNetworkTV (Fox). The firm also owns the Tennis Channel and four multicast networks. Via the 2019 purchase of the Fox regional sports networks from Disney, Sinclair is now the largest owner of Diamond Sports, which operates regional sports networks. Diamond Sports sought bankruptcy protection in early 2023.

Executives

David B Gibber	officer: SVP & General Counsel	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Howard E Friedman	director	6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Jeffrey Edward Lewis	officer: Chief Compliance Officer	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Benjamin Sr Carson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Lawrence E Mccanna	director	36 S CHARLES ST, STE 1800, BALTIMORE MD 21201
Frederick G Smith	director, 10 percent owner, officer: Vice President	10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
J Duncan Smith	director, 10 percent owner, officer: Secretary	10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
Laurie R Beyer	director	6331 FALCONWOOD STREET, MIDDLE RIVER MD 21220
David D Smith	director, 10 percent owner, officer: President	C/O SINCLAIR BROADCAST GROUP, 2000 WEST 41ST ST, BALTIMORE MD 21211-1420
Justin Leroy Bray	officer: VP & Treasurer	10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
David R Bochenek	officer: Controller and CAO	10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21030
Barry Faber	officer: Vice President-General Counsel	10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21203
Lucy Rutishauser	officer: Treasurer and VP Corp. Finance	10706 BEAVER DAM RD, COCKEYSVILLE MD 21203
Daniel C Keith	director	102 W PENNSYLVANIA AVE, STE 501, TOWSON MD 21204
Benson E Legg	director	393 SILVER MOSS DRIVE, VERO BEACH FL 32963