Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 168

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 168
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 and administrative expenses. The tax benefit related to the share-based compensation expense for the Company for the years ended December 31, 2024,  2023, and 2022 was $3.7 million, $4.7 million and $5.2 million, respectively. As of December 31, 2024, there was $30.1 million of unrecognized compensation cost related to share-based compensation arrangements. This cost is expected to be recognized over a weighted average period of approximately 1.5 years and assumes Performance RSUs will be fully earned.

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IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Loss per Share(In thousands, except per share data)Year Ended December 31, 202420232022NUMERATOR: Net loss attributable to the Company – common shares$(1,009,941)$(1,102,660)$(264,663)DENOMINATOR(1): Weighted average common shares outstanding - basic151,272 149,255 148,058   Stock options and restricted stock(2):— — — Weighted average common shares outstanding - diluted151,272 149,255 148,058 Net loss attributable to the Company per common share: Basic$(6.68)$(7.39)$(1.79)Diluted$(6.68)$(7.39)$(1.79)(1)All of the outstanding Special Warrants are included in both the basic and diluted weighted average common shares outstanding of the Company for the years ended December 31, 2024,  2023, and 2022.

(2)Outstanding equity awards representing 15.1 million, 13.6 million and 11.0 million shares of Class A common stock of the Company for the years ended December 31, 2024,  2023, and 2022, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive. 

NOTE 10 – EMPLOYEE BENEFIT PLANS 

iHeartCommunications has various 401(k) savings and other plans for the purpose of providing retirement benefits for substantially all employees. Under these plans, an employee can make pre-tax contributions and iHeartCommunications will match a portion of such an employee’s contribution. Employees vest in these