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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 829M | 3.9% |
| Gross Profit | 597M | 5.9% |
| Cost of Revenue | 232M | 0.9% |
| Operating expense | 765M | 1.2% |
| Net Income | 17M | 26.1% |
| EBITDA | 102M | 23.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.69B | 5.8% |
| Total Liabilities | 5.41B | 6.2% |
| Total Equity | 340M | 2.1% |
| Shares Outstanding | 66M | 3.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -306M | 7550% |
| Cash from investing | 56M | 3.7% |
| Cash from financing | -27M | 52.6% |
EPS
Financial Highlights for Sinclair Broadcast Group in Q2 '24
Sinclair Broadcast Group reported a revenue of 829M, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 597M, marking a 5.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 232M, a -0.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 765M, showing a 1.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 17M, showing a -26.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 102M, showing a -23.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Sinclair Broadcast Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
