Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 18

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 18
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 defined in ASC 842, is "the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment." The following table provides supplemental cash flow information related to leases for the periods presented:Nine Months Ended September 30,(In thousands)20252024Cash paid for amounts included in measurement of operating lease liabilities$108,908 $112,468 Lease liabilities arising from obtaining right-of-use assets(1)20,166 15,542 (1)Lease liabilities from obtaining right-of-use assets include new leases entered into during the nine months ended September 30, 2025 and 2024, respectively.The Company reflects changes in the lease liability and changes in the ROU asset on a net basis in the Statements of Cash Flows. The non-cash operating lease expense was $14.7 million and $16.2 million for the three months ended September 30, 2025 and 2024, respectively. The non-cash operating lease expense was $47.6 million and $47.7 million for the nine months ended September 30, 2025 and 2024, respectively.

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IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL

Property, Plant and EquipmentThe Company’s property, plant and equipment consisted of the following classes of assets:(In thousands)September 30,2025December 31,2024Land, buildings and improvements$332,846 $335,502 Towers, transmitters and studio equipment213,707 207,349 Computer equipment and software716,932 741,259 Furniture and other equipment54,075 54,108 Construction in progress22,573 12,186 1,340,133 1,350,404 Less: accumulated depreciation903,619 860,561 Property, plant and equipment, net$436,514 $489,843 Indefinite-lived Intangible AssetsThe Company’s indefinite-lived intangible assets consist of FCC broadcast licenses in its Multiplatform Group segment. The Company performs its annual impairment test on goodwill and indefinite-lived intangible assets, including FCC licenses, as of July 1 of each year. In