Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 3

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 3
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ITEM 1. FINANCIAL STATEMENTS

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)March 31,2025December 31,2024(Unaudited)CURRENT ASSETSCash and cash equivalents$167,714 $259,580 Accounts receivable, net of allowance of $27,253 in 2025 and $36,552 in 2024817,533 993,328 Prepaid expenses140,005 97,332 Other current assets34,309 11,602 Total Current Assets1,159,561 1,361,842 PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment, net464,842 489,843 INTANGIBLE ASSETS AND GOODWILLIndefinite-lived intangibles - licenses809,928 809,928 Other intangibles, net873,863 927,582 Goodwill1,105,270 1,105,156 OTHER ASSETSOperating lease right-of-use assets656,583 668,165 Other assets198,046 209,180 Total Assets$5,268,093 $5,571,696 CURRENT LIABILITIES  Accounts payable$209,967 $253,264 Current operating lease liabilities68,765 69,516 Accrued expenses208,686 348,119 Accrued interest54,353 22,535 Deferred revenue165,550 154,345 Current portion of long-term debt22,511 22,501 Total Current Liabilities729,832 870,280 Long-term debt5,032,066 5,048,968 Noncurrent operating lease liabilities705,569 716,586 Deferred income taxes239,116 102,898 Other long-term liabilities207,633 204,744 Commitments and contingent liabilities (Note 6)STOCKHOLDERS' DEFICITNoncontrolling interest5,245 5,289 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, 1,000,000,000 shares authorized, issued and outstanding 128,285,283 and 127,474,033 shares in 202