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Sinclair Broadcast Group Inc – ‘10-K’ for 12/31/14 – ‘EX-12’

On:  Monday, 3/2/15, at 5:03pm ET   ·   For:  12/31/14   ·   Accession #:  1104659-15-15845   ·   File #:  0-26076

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/02/15  Sinclair Broadcast Group Inc      10-K       12/31/14  104:29M                                    Toppan Merrill/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.51M 
 2: EX-10.39    Material Contract                                   HTML     53K 
 4: EX-21       Subsidiaries List                                   HTML     59K 
 5: EX-23       Consent of Experts or Counsel                       HTML     28K 
 3: EX-12       Statement re: Computation of Ratios                 HTML     67K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
71: R1          Document and Entity Information                     HTML     62K 
58: R2          Consolidated Balance Sheets                         HTML    193K 
69: R3          Consolidated Balance Sheets (Parenthetical)         HTML     58K 
74: R4          Consolidated Statements of Operations               HTML    170K 
95: R5          Consolidated Statements of Operations               HTML     32K 
                (Parenthetical)                                                  
60: R6          Consolidated Statements of Comprehensive Income     HTML     55K 
68: R7          Consolidated Statements of Equity (Deficit)         HTML    153K 
52: R8          Consolidated Statements of Equity (Deficit)         HTML     35K 
                (Parenthetical)                                                  
41: R9          Consolidated Statements of Cash Flows               HTML    161K 
96: R10         Consolidated Statements of Cash Flows               HTML     30K 
                (Parenthetical)                                                  
76: R11         Nature of Operations and Summary of Significant     HTML    185K 
                Accounting Policies                                              
75: R12         Acquisitions                                        HTML    342K 
82: R13         Disposition of Assets and Discontinued Operations   HTML     63K 
83: R14         Stock-Based Compensation Plans                      HTML     80K 
80: R15         Property and Equipment                              HTML     57K 
84: R16         Goodwill, Broadcast Licenses and Other Intangible   HTML    147K 
                Assets                                                           
70: R17         Notes Payable and Commercial Bank Financing         HTML    117K 
72: R18         Program Contracts                                   HTML     40K 
78: R19         Common Stock                                        HTML     45K 
104: R20         Income Taxes                                        HTML    138K  
91: R21         Commitments and Contingencies                       HTML     61K 
64: R22         Related Person Transactions                         HTML     78K 
77: R23         Earnings Per Share                                  HTML     60K 
66: R24         Segment Data                                        HTML    111K 
32: R25         Fair Value Measurements                             HTML     66K 
92: R26         Condensed Consolidated Financial Statements         HTML    724K 
100: R27         Quarterly Financial Information (Unaudited)         HTML     91K  
47: R28         Nature of Operations and Summary of Significant     HTML    244K 
                Accounting Policies (Policies)                                   
46: R29         Nature of Operations and Summary of Significant     HTML    135K 
                Accounting Policies (Tables)                                     
50: R30         Acquisitions (Tables)                               HTML    294K 
51: R31         Disposition of Assets and Discontinued Operations   HTML     44K 
                (Tables)                                                         
53: R32         Stock-Based Compensation Plans (Tables)             HTML     70K 
24: R33         Property and Equipment (Tables)                     HTML     56K 
89: R34         Goodwill, Broadcast Licenses and Other Intangible   HTML    143K 
                Assets (Tables)                                                  
62: R35         Notes Payable and Commercial Bank Financing         HTML     81K 
                (Tables)                                                         
65: R36         Program Contracts (Tables)                          HTML     39K 
36: R37         Income Taxes (Tables)                               HTML    136K 
103: R38         Commitments and Contingencies (Tables)              HTML     37K  
16: R39         Related Person Transactions (Tables)                HTML    107K 
55: R40         Earnings Per Share (Tables)                         HTML     57K 
94: R41         Segment Data (Tables)                               HTML    104K 
34: R42         Fair Value Measurements (Tables)                    HTML     59K 
45: R43         Condensed Consolidated Financial Statements         HTML    639K 
                (Tables)                                                         
49: R44         Quarterly Financial Information (Unaudited)         HTML     89K 
                (Tables)                                                         
59: R45         Nature of Operations and Summary of Significant     HTML     33K 
                Accounting Policies (Details)                                    
23: R46         Nature of Operations and Summary of Significant     HTML    253K 
                Accounting Policies (Details 2)                                  
40: R47         Nature of Operations and Summary of Significant     HTML     44K 
                Accounting Policies (Details 3)                                  
18: R48         Nature of Operations and Summary of Significant     HTML     49K 
                Accounting Policies (Details 4)                                  
93: R49         Nature of Operations and Summary of Significant     HTML     61K 
                Accounting Policies (Details 5)                                  
33: R50         Nature of Operations and Summary of Significant     HTML     56K 
                Accounting Policies (Details 6)                                  
90: R51         Nature of Operations and Summary of Significant     HTML     58K 
                Accounting Policies (Details 7)                                  
37: R52         Nature of Operations and Summary of Significant     HTML     52K 
                Accounting Policies (Details 8)                                  
56: R53         Nature of Operations and Summary of Significant     HTML     86K 
                Accounting Policies (Details 9)                                  
17: R54         Acquisitions (Details)                              HTML    466K 
21: R55         Acquisitions (Details 2)                            HTML    223K 
48: R56         Acquisitions (Detail 3)                             HTML    121K 
27: R57         Disposition of Assets and Discontinued Operations   HTML     60K 
                (Details)                                                        
97: R58         Disposition of Assets and Discontinued Operations   HTML    117K 
                (Detais 2l)                                                      
61: R59         Stock-Based Compensation Plans (Details)            HTML     92K 
81: R60         Stock-Based Compensation Plans (Details 2)          HTML    113K 
39: R61         Stock-Based Compensation Plans (Details 3)          HTML     59K 
42: R62         Stock-Based Compensation Plans (Details 4)          HTML     40K 
88: R63         Stock-Based Compensation Plans (Details 5)          HTML     46K 
85: R64         Property and Equipment (Details)                    HTML     86K 
63: R65         Goodwill, Broadcast Licenses and Other Intangible   HTML     76K 
                Assets (Details)                                                 
87: R66         Goodwill, Broadcast Licenses and Other Intangible   HTML     69K 
                Assets (Details 2)                                               
38: R67         Goodwill, Broadcast Licenses and Other Intangible   HTML     44K 
                Assets (Details 3)                                               
67: R68         Goodwill, Broadcast Licenses and Other Intangible   HTML    111K 
                Assets (Details 4)                                               
99: R69         Notes Payable and Commercial Bank Financing         HTML    516K 
                (Details)                                                        
20: R70         Program Contracts (Details)                         HTML     54K 
31: R71         Common Stock (Details)                              HTML    124K 
57: R72         Income Taxes (Details)                              HTML     70K 
26: R73         Income Taxes (Details 2)                            HTML     78K 
102: R74         Income Taxes (Details 3)                            HTML     86K  
35: R75         Income Taxes (Details 4)                            HTML     55K 
28: R76         Commitments and Contingencies (Details)             HTML     62K 
30: R77         Commitments and Contingencies (Details 2)           HTML    168K 
22: R78         Related Person Transactions (Details)               HTML    346K 
25: R79         Earnings Per Share (Details)                        HTML     91K 
73: R80         Segment Data (Details)                              HTML    149K 
29: R81         Fair Value Measurements (Details)                   HTML    114K 
98: R82         Condensed Consolidated Financial Statements         HTML    340K 
                (Details)                                                        
54: R83         Condensed Consolidated Financial Statements         HTML    242K 
                (Details 2)                                                      
79: R84         Condensed Consolidated Financial Statements         HTML    204K 
                (Details 3)                                                      
86: R85         Quarterly Financial Information (Unaudited)         HTML     82K 
                (Details)                                                        
101: XML         IDEA XML File -- Filing Summary                      XML    170K  
19: EXCEL       IDEA Workbook of Financial Reports                  XLSX    461K 
43: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   5.42M 
10: EX-101.INS  XBRL Instance -- sbgi-20141231                       XML   6.45M 
12: EX-101.CAL  XBRL Calculations -- sbgi-20141231_cal               XML    395K 
15: EX-101.DEF  XBRL Definitions -- sbgi-20141231_def                XML   1.36M 
13: EX-101.LAB  XBRL Labels -- sbgi-20141231_lab                     XML   2.54M 
14: EX-101.PRE  XBRL Presentations -- sbgi-20141231_pre              XML   1.96M 
11: EX-101.SCH  XBRL Schema -- sbgi-20141231                         XSD    335K 
44: ZIP         XBRL Zipped Folder -- 0001104659-15-015845-xbrl      Zip    396K 


‘EX-12’   —   Statement re: Computation of Ratios


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



EXHIBIT 12

 

SINCLAIR BROADCAST GROUP, INC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

FOR THE YEARS ENDED DECEMBER 31, 2014, 2013, 2012, 2011 and 2010

(DOLLARS IN THOUSANDS)

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

Income before provision for income taxes from continuing operations

 

$

312,547

 

$

105,508

 

$

212,340

 

$

121,373

 

$

115,851

 

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

(Earnings) loss of equity investees

 

(2,313

)

(621

)

(9,670

)

(3,269

)

4,861

 

Dividends and distributions of income from equity investees

 

4,768

 

4,911

 

10,339

 

6,031

 

999

 

Total interest expense (a)

 

174,862

 

162,937

 

128,553

 

106,128

 

116,046

 

Portion of rents representative of the interest factor (b)

 

6,451

 

3,429

 

2,239

 

1,302

 

1,241

 

Earnings, as adjusted

 

$

496,315

 

$

276,164

 

$

343,801

 

$

231,565

 

$

238,998

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Total interest expense (c)

 

$

175,205

 

$

162,937

 

$

128,553

 

$

106,692

 

$

118,407

 

Portion of rents representative of the interest factor

 

6,451

 

3,429

 

2,239

 

1,302

 

1,241

 

Total fixed charges

 

$

181,656

 

$

166,366

 

$

130,792

 

$

107,994

 

$

119,648

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends (d)

 

 

 

 

 

 

Total combined fixed charges and preferred stock dividends (d)

 

$

181,656

 

$

166,366

 

$

130,792

 

$

107,994

 

$

119,648

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.73

 

1.66

 

2.63

 

2.14

 

2.00

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

2.73

 

1.66

 

2.63

 

2.14

 

2.00

 

 


(a)              Consists of interest expense on all debt, including amortization of debt discount/premium and amortization of deferred financing costs.

 

(b)              Management believes this portion is representative of the interest factor.

 

(c)               Consists of interest expense on all debt, including amortization of debt discount/premium and amortization of deferred financing costs, as well as capitalized interest.

 

(d)              There was no preferred stock issued or outstanding for any period presented in the table.

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/2/15
For Period end:12/31/1411-K,  4,  ARS
12/31/1310-K,  11-K,  4,  5,  5/A,  ARS
12/31/1210-K,  11-K,  ARS
12/31/1110-K,  11-K,  ARS
12/31/1010-K,  11-K,  4
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