Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 31

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 31
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105,394)Stock-based compensation expense— — — — — — 5,380 — 5,380 Repurchase of 2,850,844 shares of Class A common stock(2)— — — (1,345)— (3,688)— (5,035)Repurchase of 1,802,071 shares of Class D common stock— — — — — — (3,097)— (3,097)

F-8

Settlement of stock-based compensation liability— — — 1 — — 4,680 — 4,681 Adjustment of redeemable non-controlling interests to estimated redemption value— — — — — — 345 — 345 BALANCE, as of December 31, 2024$8 $3 $2 $35 $(1,345)$— $1,011,007 $(838,765)$170,945 

The accompanying notes are an integral part of these consolidated financial statements.

F-9

URBAN ONE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Years Ended December 31,20242023CASH FLOWS FROM OPERATING ACTIVITIES:Net (loss) income$(104,179)$4,565 Adjustments to reconcile net income to net cash from operating activities:Depreciation and amortization7,716 7,101 Amortization of debt financing costs1,920 2,137 Amortization of launch assets4,980 4,980 Amortization of content assets46,297 50,098 Deferred income taxes8,368 5,148 Impairment of goodwill and intangible assets151,755 129,278 Non-cash fair value adjustment of Employment Agreement Award(10,398)169 Stock-based compensation expense5,716 9,975 Gain on retirement of debt(23,271)(2,356)Loss on investment in unconsolidated joint venture— 5,131 Realized gain on available for sale debt securities— (96,826)Other304 4,182 Effect of change in operating assets and liabilities, net of assets acquired:Trade accounts receivable, net18,991 8,698 Prepaid expenses