Sinclair Broadcast Group (SBGI) Misses Q1 EPS by 6c, Revenue Beats

Second Quarter

Full Year

Media Revenues

$716 million to $725 million

Political Revenues Included in Media

Revenues

$4 million to $5 million

Distribution Revenues Included in Media

Revenues

$365 million to $368 million

Media Revenue Related to Revenue-generating

Initiatives

$16 million

Media Production Expenses and Media Selling,

General and Administrative Expenses (together,

"Media Expenses")

$506 million to $508 million

$1,987 million to $1,990

million

Media Expenses Related to Revenue-generating

Initiatives

$25 million

$113 million

Stock-based Compensation Expense

$5 million

$19 million

Non-media Revenues

$50 million

$180 million

Program Contract Payments

$24 million

$95 million

Corporate Overhead

$25 million

$100 million

Stock-based Compensation Expense

$4 million

$17 million

One-time Transaction Costs

$3 million

$11 million

Non-media Expenses, Including ONE Media and

Research and Development Costs

$46 million

$164 million

Program Contract Amortization

$22 million

$92 million

Depreciation on Property and Equipment

$24 million

$97 million

Amortization of Acquired Intangibles

$44 million

$174 million

Net Gains on Asset Dispositions

$14 million

$92 million

Net Interest Expense

$49 million

$196 million

Net Interest Expense - Cash Basis

$47 million

$188 million

Equity Method Investments Loss

$12 million

$49 million

Effective Tax Rate

9%

10%

Net Cash Taxes Paid

$31 million

$34 million

Total Capital Expenditures, Including Repack

$77 million

$246 million to $256 million

Repack Capital Expenditures

$37 million

$136 million