iHeartMedia Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 7, 2024
IHRT$1.77-5.3%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets
| (In thousands, except share and per share data) | September 30,2024 | December 31,2023 |
|---|---|---|
| (Unaudited) | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $431,764 | $346,382 |
| Accounts receivable, net of allowance of $40,479 in 2024 and $38,055 in 2023 | 894,468 | 1,041,214 |
| Prepaid expenses | 148,021 | 93,131 |
| Other current assets | 33,778 | 26,189 |
| Total Current Assets | 1,508,031 | 1,506,916 |
| PROPERTY, PLANT AND EQUIPMENT | ||
| Property, plant and equipment, net | 500,171 | 558,865 |
| INTANGIBLE ASSETS AND GOODWILL | ||
| Indefinite-lived intangibles - licenses | 809,928 | 1,113,979 |
| Other intangibles, net | 988,800 | 1,173,210 |
| Goodwill | 1,105,347 | 1,721,483 |
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 670,959 | 704,992 |
| Other assets | 195,774 | 173,166 |
| Total Assets | $5,779,010 | $6,952,611 |
| CURRENT LIABILITIES | ||
| Accounts payable | $235,756 | $236,162 |
| Current operating lease liabilities | 70,360 | 73,832 |
| Accrued expenses | 258,685 | 317,575 |
| Accrued interest | 51,537 | 61,987 |
| Deferred revenue | 162,934 | 158,540 |
| Current portion of long-term debt | 1,059 | 340 |
| Total Current Liabilities | 780,331 | 848,436 |
| Long-term debt | 5,220,788 | 5,214,810 |
| Noncurrent operating lease liabilities | 721,734 | 762,820 |
| Deferred income taxes | 272,516 | 339,768 |
| Other long-term liabilities | 193,062 | 171,535 |
| Commitments and contingent liabilities (Note 6) | ||
| STOCKHOLDERS' DEFICIT | ||
| Noncontrolling interest | 5,236 | 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 127,344,725 and 124,299,288 shares in 2024 and 2023, respectively | 128 | 125 |
| Class B Common Stock, par value $.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,285,914 and 21,347,363 shares in 2024 and 2023, respectively | 21 | 21 |
| Special Warrants, 5,039,323 and 5,101,870 issued and outstanding in 2024 and 2023, respectively | — | — |
| Additional paid-in capital | 2,969,013 | 2,947,096 |
| Accumulated deficit | (4,371,573) | (3,330,142) |
| Accumulated other comprehensive loss | (1,334) | (1,128) |
| Cost of shares (1,567,688 in 2024 and 983,589 in 2023) held in treasury | (10,912) | (10,127) |
| Total Stockholders' Deficit | (1,409,421) | (384,758) |
| Total Liabilities and Stockholders' Deficit | $5,779,010 | $6,952,611 |
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