iHeartMedia Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
IHRT$1.770.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In thousands, except share and per share data) | March 31,2024 | December 31,2023 |
|---|---|---|
| (Unaudited) | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $361,403 | $346,382 |
| Accounts receivable, net of allowance of $37,742 in 2024 and $38,055 in 2023 | 878,353 | 1,041,214 |
| Prepaid expenses | 135,234 | 93,131 |
| Other current assets | 38,082 | 26,189 |
| Total Current Assets | 1,413,072 | 1,506,916 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Property, plant and equipment, net | 529,114 | 558,865 |
| INTANGIBLE ASSETS AND GOODWILL | ||
| Indefinite-lived intangibles - licenses and other | 1,114,479 | 1,113,979 |
| Other intangibles, net | 1,111,236 | 1,173,210 |
| Goodwill | 1,721,349 | 1,721,483 |
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 693,545 | 704,992 |
| Other assets | 175,517 | 173,166 |
| Total Assets | $6,758,312 | $6,952,611 |
| CURRENT LIABILITIES | ||
| Accounts payable | $215,410 | $236,162 |
| Current operating lease liabilities | 73,775 | 73,832 |
| Accrued expenses | 196,110 | 317,575 |
| Accrued interest | 53,164 | 61,987 |
| Deferred revenue | 163,310 | 158,540 |
| Current portion of long-term debt | 289 | 340 |
| Total Current Liabilities | 702,058 | 848,436 |
| Long-term debt | 5,216,503 | 5,214,810 |
| Noncurrent operating lease liabilities | 749,365 | 762,820 |
| Deferred income taxes | 315,679 | 339,768 |
| Other long-term liabilities | 173,281 | 171,535 |
| Commitments and contingent liabilities (Note 6) | ||
| STOCKHOLDERS' DEFICIT | ||
| Noncontrolling interest | 6,400 | 9,397 |
| Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding | — | — |
| Class A Common Stock, par value $.001 per share, authorized 1,000,000,000 shares, issued and outstanding 124,416,225 and 124,299,288 shares in 2024 and 2023, respectively | 125 | 125 |
| Class B Common Stock, par value $.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,346,613 and 21,347,363 shares in 2024 and 2023, respectively | 21 | 21 |
| Special Warrants, 5,043,336 and 5,101,870 issued and outstanding in 2024 and 2023, respectively | — | — |
| Additional paid-in capital | 2,955,043 | 2,947,096 |
| Accumulated deficit | (3,348,650) | (3,330,142) |
| Accumulated other comprehensive loss | (1,347) | (1,128) |
| Cost of shares (999,647 in 2024 and 983,589 in 2023) held in treasury | (10,166) | (10,127) |
| Total Stockholders' Deficit | (398,574) | (384,758) |
| Total Liabilities and Stockholders' Deficit | $6,758,312 | $6,952,611 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.