Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 3

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
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)September 30,2025December 31,2024(Unaudited)CURRENT ASSETSCash and cash equivalents$192,239 $259,580 Accounts receivable, net of allowance of $31,644 in 2025 and $36,552 in 2024845,827 993,328 Prepaid expenses216,229 97,332 Other current assets100,105 11,602 Total Current Assets1,354,400 1,361,842 PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment, net436,514 489,843 INTANGIBLE ASSETS AND GOODWILLIndefinite-lived intangibles - licenses601,440 809,928 Other intangibles, net766,492 927,582 Goodwill1,105,493 1,105,156 OTHER ASSETSOperating lease right-of-use assets634,329 668,165 Other assets189,896 209,180 Total Assets$5,088,564 $5,571,696 CURRENT LIABILITIES  Accounts payable$218,516 $253,264 Current operating lease liabilities67,177 69,516 Accrued expenses281,138 348,119 Accrued interest57,696 22,535 Deferred revenue154,052 154,345 Current portion of long-term debt73,708 22,501 Total Current Liabilities852,287 870,280 Long-term debt5,046,626 5,048,968 Noncurrent operating lease liabilities682,797 716,586 Deferred income taxes83,899 102,898 Other long-term liabilities211,662 204,744 Commitments and contingent liabilities (Note 6)STOCKHOLDERS' DEFICITNoncontrolling interest4,373 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 131,322,727 and 127,474,033 shares in 202