Company: UONE
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001041657-25-000034
Chunk: 79

Company: URBAN ONE, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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7,308$7,382Reserve for uncertain tax position1,8291,829Other1,6063,577Total long-term liabilities$10,743$12,788Supplemental Cash Flow InformationThe following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within the condensed consolidated balance sheets to “Cash, cash equivalents and restricted cash, end of period” as reported within the condensed consolidated statements of cash flows:Three Months EndedMarch 31,20252024(In thousands)Cash and cash equivalents$115,084$155,265Restricted cash484481Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$115,568$155,746Recently Issued Accounting Pronouncements Not Yet AdoptedIn December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, which enhances the disclosure requirements for income tax reconciliation, domestic and foreign taxes paid, and unrecognized tax benefits. The amendments of ASU No. 2023-09 are effective for annual periods beginning after December 15, 2024. Early adoption is permitted and should be applied prospectively. The Company is in the process of evaluating the impact of this new guidance on the disclosures within its consolidated financial statements.In November 2024, the FASB issued ASU No. 2024-03, “Income Statement (Subtopic 220-40): Disaggregation of Income Statement Expenses”, which focuses on the disaggregation of income statement expenses. ASU No. 2024-03 requires entities to provide more detailed disclosures about certain significant expense categories in their financial statements. The amendments of ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and for interim reporting periods beginning after December 15, 2027. Early adoption is permitted, and the amendments may be applied prospectively or retrospectively. The Company is in the process of evaluating the impact of this new guidance on the disclosures within its consolidated financial statements.

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3. NET REVENUERevenue RecognitionThe following tables show the sources of the Company’s net revenue by contract type and segment for the three months ended March 31, 2025 and 2024:(In thousands)RadioBroadcastingReachMediaDigital(1)CableTelevision(1)All Other - Corporate/EliminationsConsolidatedThree Months Ended