Sinclair Inc-A 2026年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER:333-271072 Sinclair,Inc. 10706 Beaver Dam RoadHunt Valley, Maryland 21030(Address of principal executive office, zip code) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such file). Yes☒ No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.See definitions of“large accelerated filer”, “accelerated filer” and “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐ PART I. FINANCIAL INFORMATION Table of Contents SINCLAIR, INC. FORM10-QFOR THE QUARTER ENDED JUNE30, 2026 TABLE OF CONTENTS PARTI. FINANCIAL INFORMATION2ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)3CONSOLIDATED BALANCE SHEETS4CONSOLIDATED STATEMENTS OF OPERATIONS5CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS6CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTERESTS7CONSOLIDATED STATEMENTS OF CASH FLOWS9NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS10ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS29ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK41ITEM 4. CONTROLS AND PROCEDURES41PARTII. OTHER INFORMATION43ITEM 1. LEGAL PROCEEDINGS43ITEM 1A. RISK FACTORS43ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS43ITEM 3. DEFAULTS UPON SENIOR SECURITIES43ITEM 4. MINE SAFETY DISCLOSURES43ITEM 5. OTHER INFORMATION43ITEM 6. EXHIBITS44SIGNATURE45 ITEM 1. FINANCIAL STATEMENTS SINCLAIR, INC.CONSOLIDATED BALANCE SHEETS(in millions, except share and per share data) (Unaudited) SINCLAIR, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(in millions) (Unaudited) SINCLAIR, INC.CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTERESTS(in millions, except share and per share data) (Unaudited) SINCLAIR, INC.CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTERESTS(in millions, except share and per share data) (Unaudited) SINCLAIR, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions) (Unaudited) SINCLAIR, INC.NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 1.NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Nature of Operations Sinclair, Inc. (“the Company” or “Sinclair”) is a diversified media company with national reach and a strong focus on providing high-quality content on our local television stations and digital platforms. The content, distributed through our broadcast platform and third-party platforms, consists of programming provided by third-party networks and syndicators, local news, other original programmingproduced by us and our owned networks and professional sports. Additionally, we own digital media companies that are complementaryto our extensive portfolio of television station related digital properties and we have interests in, own, manage, and/or operate technicaland software services companies, research and development companies for the advancement of broadcast technology, and other mediaand non-media related businesses and assets, including real estate, venture capital, private equity, and direct investments. For the quarter ended June30, 2026, we had two reportable segments: local media and tennis. The local media segment consistsprimarily of our 178 broadcast television stations in 79 markets, which we own, provide programming and operating services pursuant toagreements commonly referred to as local marketing agreements (“LMA”), or provide sales services and other non-programmingoperating services pursuant to other outsourcing agreements (such as joint sales agreements (“JSA”) and shared services ag