Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 112

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 112
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 Other long-term liabilities204,744 171,535 Commitments and contingent liabilities (Note 7)STOCKHOLDERS' DEFICITNoncontrolling interest5,289 9,397 Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding— — Class A Common Stock, par value $0.001 per share, authorized 1,000,000,000 shares, issued and outstanding 127,474,033 and 124,299,288 shares in 2024 and 2023, respectively128 125 Class B Common Stock, par value 0.001 per share, authorized 1,000,000,000 shares, issued and outstanding 21,285,914 and 21,347,363 shares in 2024 and 2023, respectively21 21 Special Warrants, 5,039,323 and 5,101,870 issued and outstanding in 2024 and 2023, respectively— — Additional paid-in capital2,975,703 2,947,096 Accumulated deficit(4,340,083)(3,330,142)Accumulated other comprehensive loss(1,885)(1,128)Cost of shares (1,587,031 in 2024 and 983,589 in 2023) held in treasury(10,953)(10,127)Total Stockholders' Deficit(1,371,780)(384,758)Total Liabilities and Stockholders' Deficit$5,571,696 $6,952,611 

See Notes to Consolidated Financial Statements

57

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS OF

IHEARTMEDIA, INC. AND SUBSIDIARIES

(In thousands, except per share data)Year Ended December 31,202420232022Revenue$3,854,532 $3,751,025 $3,912,283 Operating expenses:Direct operating expenses (excludes depreciation and amortization)1,588,931 1,494,234 1,480,326 Selling, general and administrative expenses (excludes depreciation and amortization)1,693,679 1,656,171 1,592,946 Depreciation and amortization409,582 428,483 445,664 Impairment charges922,681