Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 20

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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,490 Amortization of content assets19,483 22,543 Deferred income taxes(6,414)(16,010)Impairment of goodwill and intangible assets136,521 80,758 Stock-based compensation expense1,250 2,463 Gain on retirement of debt(41,884)(15,299)Non-cash fair value adjustment of Employment Agreement Award1,312 (6,263)Other2,585 (484)Effect of change in operating assets and liabilities, net of assets acquired:  Trade accounts receivable, net17,597 10,542 Prepaid expenses and other current assets1,181 4,599 Other assets(106)(4,181)Content assets and payables(22,080)(34,168)Accounts payable(6,283)(1,010)Accrued interest(2,835)(3,392)Accrued compensation and related benefits(3,164)(4,080)Reserve for audience deficiency(5,147)5,829 Other liabilities(2,589)(9,127)Net cash flows provided by operating activities8,290 3,685 INVESTING ACTIVITIES  Purchase of property and equipment(3,765)(4,039)Proceeds from sale of equity securities— 829 Cash receipts related to disposition of station— 3,500 Investment in unconsolidated joint venture— (609)Other investments(200)— Acquisition of station and broadcasting assets(250)— Net cash flows used in investing activities(4,215)(319)FINANCING ACTIVITIES  Purchase of ownership interest in Reach Media(3,232)(7,603)Repurchase of long-term debt(49,538)(93,934)Repurchase of common stock, including payments for taxes related to net share settlement of equity awards(1,726)(2,488)Release of secured letters of credit deposit— 1,260 Payment of dividends to non-controlling interest members of Reach Media(936)(1,799)Net cash flows used in financing activities(55,432)(104,564)NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH(51,357)(101,198)CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period137,574 233,570 CASH,