Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 134

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 134
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CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

As ofDecember 31, 2024December 31, 2023ASSETSCURRENT ASSETS:Cash and cash equivalents$137,090 $233,090 Restricted cash484 480 Trade accounts receivable, net of allowance for expected credit losses of $4,553 and $8,638, respectively113,847 133,194 Prepaid expenses8,156 9,504 Current portion of content assets36,861 29,748 Other current assets8,941 15,950 Total current assets305,379 421,966 CONTENT ASSETS, NET86,868 82,448 PROPERTY AND EQUIPMENT, NET27,822 28,661 GOODWILL196,425 216,599 RIGHT OF USE ASSETS, NET31,055 31,649 RADIO BROADCASTING LICENSES257,759 375,296 OTHER INTANGIBLE ASSETS, NET30,860 49,104 OTHER ASSETS8,622 5,450 Total assets$944,790 $1,211,173 LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$19,945 $20,000 Accrued interest18,028 22,342 Accrued compensation and related benefits11,899 14,420 Reserve for audience deficiency22,383 12,779 Current portion of content payables14,233 22,389 Current portion of lease liabilities7,428 10,648 Other current liabilities20,386 30,052 Total current liabilities114,302 132,630 LONG-TERM DEBT, net of original issue discount and issuance costs579,069 716,246 CONTENT PAYABLES, net of current portion6,020 3,402 LONG-TERM LEASE LIABILITIES24,373 22,377 OTHER LONG-TERM LIABILITIES12,788 24,995 DEFERRED TAX LIABILITIES, NET29,305 20,938 Total liabilities765,857 920,588 COMMITMENTS AND CONTINGENCIES (NOTE 19)REDEEMABLE NON-CONTROLLING INTERESTS7,988 16,520 STOCKHOLDERS’