Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 117

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 117
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2,433)(1,192)(5,179)Net cash used for financing activities(158,345)(152,158)(306,108)Effect of exchange rate changes on cash(394)151 (634)Net increase (decrease) in cash, cash equivalents and restricted cash(86,802)9,721 (15,893)Cash, cash equivalents and restricted cash at beginning of period346,382 336,661 352,554 Cash, cash equivalents and restricted cash at end of period$259,580 $346,382 $336,661 SUPPLEMENTAL DISCLOSURES:Cash paid during the year for interest$427,467 $392,687 $342,393 Cash paid during the year for income taxes13,394 14,006 35,417 

See Notes to Consolidated Financial Statements

60

IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of BusinessiHeartMedia, Inc. (the “Company,” "iHeartMedia," "we" or "us") was formed in May 2007 for the purpose of acquiring the business of iHeartCommunications, Inc., a Texas company (“iHeartCommunications”), which occurred on July 30, 2008. Prior to the consummation of the acquisition of iHeartCommunications, iHeartMedia had not conducted any activities, other than activities incident to its formation in connection with the acquisition, and did not have any assets or liabilities, other than those related to the acquisition. In 2018, the Company filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, and in 2019, the Company emerged from Chapter 11 through a series of transactions that resulted in a decrease in the Company's debt ("Emergence"). The Company reports based on three reportable segments:•the Multiplatform Group, which includes the Company's Broadcast radio, Networks and Sponsorships and Events businesses;•the Digital Audio Group, which includes all of the Company's Digital businesses, including Podcasting; and •the Audio & Media Services Group, which includes Katz Media, a full-service media representation business, and RCS, a provider of scheduling and broadcast software and services.These reporting segments reflect how senior management operates the Company. This structure provides visibility into the underlying performances, results, and margin