IHEARTMEDIA CAPITAL I, LLC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
20880 STONE OAK PARKWAY SAN ANTONIO, TX 78258 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 286 | 260 | 365 | 845 | 543 | 952 | |||
| Cash and cash equivalent | 286 | 260 | 365 | 845 | 543 | 952 | |||
| Receivables | 1,433 | 1,424 | 1,245 | 1,364 | 1,393 | 1,401 | |||
| Inventory, net of allowances, customer advances and progress billings | 22 | ||||||||
| Inventory | 22 | ||||||||
| Prepaid expense | 230 | 232 | 265 | 185 | 206 | 215 | |||
| Disposal group, including discontinued operation | 56 | 55 | 55 | ||||||
| Other current assets | 78 | 58 | 68 | 55 | 80 | 80 | |||
| Other undisclosed current assets | (22) | ||||||||
| Total current assets: | 2,027 | 1,974 | 1,943 | 2,505 | 2,277 | 2,703 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,888 | 1,927 | 1,923 | 2,039 | 2,069 | ||||
| Long-term investments and receivables | 88 | ||||||||
| Long-term investments | 88 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 0 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 7,088 | 7,143 | 7,180 | 7,322 | 7,384 | ||||
| Goodwill | 4,084 | 4,081 | 4,070 | 4,109 | 4,114 | ||||
| Intangible asset, excluding goodwill, after accumulated amortization | 3,004 | 3,062 | 3,110 | 3,213 | 3,269 | ||||
| Prepaid expense | |||||||||
| Deposits noncurrent assets | 21 | ||||||||
| Restricted cash and investments | |||||||||
| Other noncurrent assets | 277 | 272 | 242 | 226 | 225 | ||||
| Prepaid pension costs | ✕ | ✕ | ✕ | 11 | |||||
| Other undisclosed noncurrent assets | 977 | 986 | 986 | 108 | 961 | 961 | |||
| Total noncurrent assets: | 10,230 | 10,328 | 10,331 | 227 | 10,548 | 10,639 | |||
| Other undisclosed assets | 10,130 | ||||||||
| TOTAL ASSETS: | 12,257 | 12,301 | 12,274 | 12,862 | 12,824 | 13,341 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,025 | 1,058 | 895 | 1,154 | 995 | 1,141 | |||
| Interest and dividends payable | 150 | 262 | 146 | 264 | 152 | 283 | |||
| Accounts payable | 157 | 115 | 111 | 147 | 111 | 125 | |||
| Accrued liabilities | 718 | 680 | 638 | 743 | 732 | 732 | |||
| Debt | 619 | 585 | 436 | 343 | 205 | 575 | |||
| Deferred revenue and credits | 215 | 233 | 239 | 200 | 239 | 255 | |||
| Total current liabilities: | 1,860 | 1,876 | 1,570 | 1,697 | 1,438 | 1,971 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 19,996 | 19,795 | 19,935 | 20,022 | 20,250 | 20,210 | |||
| Long-term debt, excluding current maturities | 19,996 | 19,795 | 19,935 | 20,022 | 20,250 | 20,210 | |||
| Liabilities, other than long-term debt, including: | 619 | 2,072 | 2,060 | 572 | 2,099 | 2,091 | |||
| Asset retirement obligations | 42 | ||||||||
| Deferred tax liabilities, net | 1,455 | 1,461 | 1,541 | 1,545 | |||||
| Other liabilities | 619 | 617 | 600 | 558 | 546 | ||||
| Other undisclosed liabilities, other than long-term debt | 530 | ||||||||
| Total noncurrent liabilities: | 20,614 | 21,867 | 21,995 | 20,594 | 22,349 | 22,301 | |||
| Total liabilities: | 22,474 | 23,744 | 23,565 | 22,291 | 23,787 | 24,272 | |||
| Equity | |||||||||
| Equity, attributable to parent | (13,862) | (13,628) | (13,469) | (13,089) | (13,188) | (13,159) | |||
| Accumulated other comprehensive loss | (317) | (332) | (346) | (356) | (348) | (354) | |||
| Accumulated deficit | (13,544) | (13,296) | (13,122) | (12,733) | (12,839) | (12,804) | |||
| Total equity: | (13,862) | (13,628) | (13,469) | (13,089) | (13,188) | (13,159) | |||
| Other undisclosed liabilities and equity | 3,645 | 2,186 | 2,177 | 3,661 | 2,225 | 2,229 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,257 | 12,301 | 12,274 | 12,862 | 12,824 | 13,341 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,537 | 1,590 | 1,329 | 1,721 | 1,570 | 1,619 | ||
| Cost of revenue (Cost of Product and Service Sold) | (622) | (614) | (571) | (631) | (596) | (617) | ||
| Gross profit: | 916 | 976 | 758 | 1,090 | 975 | 1,001 | ||
| Operating expenses | (446) | (447) | (451) | (444) | (430) | (435) | ||
| Other operating income (expense), net | (13) | 7 | 31 | 134 | (1) | (64) | ||
| Other undisclosed operating loss | (228) | (225) | (224) | (248) | (245) | (250) | ||
| Operating income: | 228 | 311 | 114 | 532 | 299 | 253 | ||
| Nonoperating income (expense) | 2 | 2 | (15) | (26) | (7) | (34) | ||
| Investment income, nonoperating | (12) | |||||||
| Interest and debt expense | (470) | (463) | (455) | (460) | (302) | (466) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (240) | (151) | (357) | 46 | (10) | (247) | ||
| Income (loss) from equity method investments | (2) | 0 | (0) | (16) | 1 | (2) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2) | 1 | (14) | |||||
| Income (loss) from continuing operations before income taxes: | (244) | (151) | (357) | 31 | (23) | (249) | ||
| Income tax expense (benefit) | (2) | (17) | (31) | 93 | (6) | (27) | ||
| Income (loss) from continuing operations: | (246) | (168) | (388) | 123 | (28) | (276) | ||
| Income (loss) before gain (loss) on sale of properties: | (246) | (168) | (388) | 123 | (28) | (276) | ||
| Net income (loss): | (246) | (168) | (388) | 123 | (28) | (276) | ||
| Net income (loss) attributable to noncontrolling interest | (2) | (6) | (1) | (17) | (6) | (3) | ||
| Net income (loss) available to common stockholders, diluted: | (248) | (174) | (388) | 106 | (35) | (279) | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (246) | (168) | (388) | 123 | (28) | (276) | ||
| Other comprehensive income (loss) | 19 | 22 | 8 | (16) | 7 | 38 | ||
| Other undisclosed comprehensive income (loss) | (2) | (6) | (1) | (17) | (6) | (3) | ||
| Comprehensive income (loss): | (229) | (152) | (380) | 90 | (28) | (241) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | (8) | 1 | 9 | (1) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (234) | (159) | (379) | 99 | (29) | (242) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.