iHeartMedia Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
IHRT$0.62-65.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| (In thousands) | Nine Months Ended September 30, | |
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,041,422) | $(1,114,314) |
| Reconciling items: | ||
| Impairment charges | 922,144 | 965,087 |
| Depreciation and amortization | 310,849 | 323,028 |
| Deferred taxes | (67,239) | (107,089) |
| Provision for doubtful accounts | 13,774 | 22,914 |
| Amortization of deferred financing charges and note discounts, net | 5,247 | 5,026 |
| Share-based compensation | 21,920 | 26,833 |
| Loss on disposal of operating and other assets | 1,090 | 1,706 |
| (Gain) Loss on investments | (91,479) | 19,924 |
| Equity in loss of nonconsolidated affiliates | 2,693 | 3,518 |
| Gain on extinguishment of debt | — | (51,474) |
| Barter and trade income | (28,779) | (21,419) |
| Other reconciling items, net | 273 | 800 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | ||
| Decrease in accounts receivable | 128,433 | 30,769 |
| Increase in prepaid & other current assets | (46,938) | (56,835) |
| Decrease in other long-term assets | 347 | 401 |
| Increase (Decrease) in accounts payable | 4,229 | (60,748) |
| Increase (Decrease) in accrued expenses | (57,051) | 43,107 |
| Decrease in accrued interest | (10,451) | (11,539) |
| Increase in deferred revenue | 2,048 | 42,497 |
| Increase (Decrease) in other long-term liabilities | 529 | (3,234) |
| Cash provided by operating activities | 70,217 | 58,958 |
| Cash flows from investing activities: | ||
| Proceeds from sale of investments | 101,756 | 3,106 |
| Purchases of property, plant and equipment | (72,174) | (90,456) |
| Proceeds from disposal of assets | 254 | 54,101 |
| Change in other, net | (6,319) | (6,742) |
| Cash provided by (used for) investing activities | 23,517 | (39,991) |
| Cash flows from financing activities: | ||
| Payments on long-term debt and credit facilities | (586) | (138,565) |
| Dividends and other payments to noncontrolling interests | (4,170) | (2,210) |
| Change in other, net | (3,687) | (1,182) |
| Cash used for financing activities | (8,443) | (141,957) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 91 | (192) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 85,382 | (123,182) |
| Cash, cash equivalents and restricted cash at beginning of period | 346,382 | 336,661 |
| Cash, cash equivalents and restricted cash at end of period | $431,764 | $213,479 |
| SUPPLEMENTAL DISCLOSURES: | ||
| Cash paid for interest | $301,900 | $304,216 |
| Cash paid for income taxes | 3,675 | 13,254 |
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