Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 15

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 15
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471,575)$2,345,438 $(1,417,856)Total amortization expense related to definite-lived intangible assets for the Company for the three months ended March 31, 2025 and 2024 was $53.7 million and $61.9 million, respectively.The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:(In thousands)2026$201,512 2027176,171 2028160,395 2029121,622 203016,430 

10

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

GoodwillThe following table presents the changes in the carrying amount of goodwill:(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidatedBalance as of December 31, 2024(1)$731,501 $311,353 $62,302 $1,105,156 Foreign currency— — 114 114 Balance as of March 31, 2025$731,501 $311,353 $62,416 $1,105,270 

(1) Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $41.6 million related to our Audio & Media Services Group. 

NOTE 5 – LONG-TERM DEBT

Long-term debt outstanding for the Company consisted of the following:(In thousands)March 31, 2025December 31, 2024Asset-based Revolving Credit Facility due 2027$— $— Term Loan Facility due 20265,095 5,095 Incremental Term Loan Facility due 20261,500 1,500 Term Loan Facility due 2029(1)2,140,360 2,145,724 6.375% Senior Notes due 202644,644 44,644 5.25% Senior Notes due 20276,983 6,983 8.375% Senior Unsecured Notes due 202772,388 72,388 4.75% Senior Secured Notes due 2028276,868 276,868 9.125% First Lien Notes due 2029717,588