Sinclair Broadcast Group Inc (SBGI) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

The amortization of program contract costs decreased $1 million for the three months ended March 31, 2022, when compared to the same period in 2021, primarily related to reduced renewal costs.

Depreciation and amortization expenses decreased $2 million for the three months ended March 31, 2022, when compared to the same period in 2021, primarily related to assets retired during 2021.

48 Table of Contents CORPORATE AND UNALLOCATED EXPENSES The following table presents our corporate and unallocated expenses for the periods presented (in millions): Three Months Ended March 31, Percent ChangeIncrease/ (Decrease) 2022 2021 Corporate general and administrative expenses $ 47 $ 61 (23)% Gain on deconsolidation of subsidiary $ (3,357) $ - n/m Interest expense including amortization of debt discount and deferred financing costs $ 115 $ 151 (24)% Other (expense) income, net $ (60) $ 124 (148)% Income tax (provision) benefit $ (687) $ 9 (7733)% Net income attributable to the redeemable noncontrolling interests $ (4) $ (4) -% Net income attributable to the noncontrolling interests $ (25) $ (34) (26)% n/m - not meaningful Corporate general and administrative expenses.