Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 3

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 3
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ITEM 1. FINANCIAL STATEMENTS

IHEARTMEDIA, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)June 30,2025December 31,2024(Unaudited)CURRENT ASSETSCash and cash equivalents$235,932 $259,580 Accounts receivable, net of allowance of $28,936 in 2025 and $36,552 in 2024879,057 993,328 Prepaid expenses149,942 97,332 Other current assets83,247 11,602 Total Current Assets1,348,178 1,361,842 PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment, net451,250 489,843 INTANGIBLE ASSETS AND GOODWILLIndefinite-lived intangibles - licenses809,928 809,928 Other intangibles, net820,145 927,582 Goodwill1,105,507 1,105,156 OTHER ASSETSOperating lease right-of-use assets641,347 668,165 Other assets202,962 209,180 Total Assets$5,379,317 $5,571,696 CURRENT LIABILITIES  Accounts payable$217,110 $253,264 Current operating lease liabilities66,763 69,516 Accrued expenses288,267 348,119 Accrued interest74,299 22,535 Deferred revenue178,912 154,345 Current portion of long-term debt73,726 22,501 Total Current Liabilities899,077 870,280 Long-term debt5,063,792 5,048,968 Noncurrent operating lease liabilities693,642 716,586 Deferred income taxes245,500 102,898 Other long-term liabilities203,555 204,744 Commitments and contingent liabilities (Note 6)STOCKHOLDERS' DEFICITNoncontrolling interest4,254 5,289 Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding— — Class A Common Stock, par value $0.001 per share, 1,000,000,000 shares authorized, issued and outstanding 131,307,592 and 127,474,033 shares in 202