iHeartMedia, Inc. (IHETW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
20880 STONE OAK PARKWAY SAN ANTONIO, TX 78258 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4832 - Radio Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 260 | 346 | 336 | 352 | 721 | 400 | |||
| Cash and cash equivalent | 260 | 346 | 336 | 352 | 721 | 400 | |||
| Receivables | 993 | 1,041 | 1,038 | 1,030 | 801 | 903 | |||
| Inventory, net of allowances, customer advances and progress billings | 3 | 1 | 1 | ||||||
| Inventory | 3 | 1 | 1 | ||||||
| Prepaid expense | 97 | 93 | 79 | 66 | 80 | 72 | |||
| Other current assets | 12 | 26 | 20 | 24 | 17 | 41 | |||
| Other undisclosed current assets | (3) | (1) | (1) | ||||||
| Total current assets: | 1,362 | 1,507 | 1,473 | 1,473 | 1,619 | 1,416 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 668 | 705 | 788 | 741 | 826 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 782 | 812 | |||||||
| Long-term investments and receivables | 14 | 11 | 13 | 64 | |||||
| Long-term investments | 14 | 11 | 13 | 31 | |||||
| Accounts and financing receivable, after allowance for credit loss | 33 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 2,843 | 4,009 | 5,209 | 5,758 | 5,841 | ||||
| Goodwill | 1,105 | 1,721 | 2,313 | 2,314 | 2,146 | ||||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,738 | 2,287 | 2,896 | 3,445 | 3,695 | ||||
| Prepaid expense | 0 | ||||||||
| Deposits noncurrent assets | 4 | ||||||||
| Other noncurrent assets | 209 | 173 | 171 | 127 | 106 | ||||
| Other undisclosed noncurrent assets | 476 | 548 | 681 | 28 | |||||
| Total noncurrent assets: | 4,210 | 5,446 | 6,863 | 7,408 | 7,584 | 96 | |||
| Other undisclosed assets | 9,509 | ||||||||
| TOTAL ASSETS: | 5,572 | 6,953 | 8,336 | 8,881 | 9,203 | 11,021 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 601 | 554 | 566 | 627 | 483 | 441 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 68 | 68 | 84 | ||
| Accounts payable | 253 | 236 | 240 | 206 | 149 | 87 | |||
| Accrued liabilities | 348 | 318 | 325 | 353 | 266 | 270 | |||
| Debt | 23 | 0 | 1 | 1 | 35 | 87 | |||
| Other undisclosed current liabilities | 246 | 294 | 265 | 222 | 200 | 140 | |||
| Total current liabilities: | 870 | 848 | 832 | 849 | 718 | 667 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,049 | 5,215 | 5,414 | 6,477 | 6,747 | 6,553 | |||
| Long-term debt, excluding current maturities | 5,049 | 5,215 | 5,414 | 5,738 | 5,982 | 5,757 | |||
| Liabilities, other than long-term debt, including: | 1,024 | 1,274 | 1,406 | 81 | 71 | 58 | |||
| Asset retirement obligations | 4 | 4 | 4 | ||||||
| Deferred income tax liabilities | 103 | 340 | 484 | ||||||
| Other liabilities | 205 | 172 | 73 | ||||||
| Operating lease, liability | 717 | 763 | 849 | 739 | 764 | 796 | |||
| Other undisclosed liabilities, other than long-term debt | 76 | 67 | 54 | ||||||
| Other undisclosed noncurrent liabilities | 558 | 616 | 797 | ||||||
| Total noncurrent liabilities: | 6,073 | 6,489 | 6,820 | 7,116 | 7,434 | 7,408 | |||
| Total liabilities: | 6,943 | 7,337 | 7,651 | 7,966 | 8,152 | 8,076 | |||
| Equity | |||||||||
| Equity, attributable to parent | (1,377) | (394) | 675 | 907 | 1,042 | 2,936 | |||
| Treasury stock, value | (11) | (10) | (9) | (6) | (3) | (2) | |||
| Additional paid in capital | 2,976 | 2,947 | 2,913 | 2,877 | 2,849 | 2,827 | |||
| Accumulated other comprehensive income (loss) | (2) | (1) | (1) | (0) | 0 | (1) | |||
| Retained earnings (accumulated deficit) | (4,340) | (3,330) | (2,227) | (1,963) | (1,804) | 113 | |||
| Equity, attributable to noncontrolling interest | 5 | 9 | 10 | 8 | 8 | 9 | |||
| Other undisclosed equity | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Total equity: | (1,372) | (385) | 685 | 916 | 1,051 | 2,945 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,572 | 6,953 | 8,336 | 8,881 | 9,203 | 11,021 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,855 | 3,751 | 3,912 | 3,558 | 2,948 | |||
| Cost of revenue (Cost of Product and Service Sold) | (1,589) | (1,494) | (1,480) | (1,325) | (1,163) | |||
| Gross profit: | 2,266 | 2,257 | 2,432 | 2,234 | 1,785 | |||
| Operating expenses | (2,616) | (2,964) | ||||||
| Other operating expense, net | (3) | (4) | (25) | (32) | (11) | |||
| Other undisclosed operating loss | (410) | (3,050) | (2,350) | (2,047) | (548) | |||
| Operating income (loss): | (763) | (797) | 57 | 155 | (1,738) | |||
| Nonoperating income (expense) | 75 | (29) | (3) | 29 | (17) | |||
| Investment income, nonoperating | 76 | (28) | (1) | 44 | (9) | |||
| Other nonoperating income (expense) | (1) | (1) | (2) | (15) | (8) | |||
| Interest and debt expense | (0) | 57 | 30 | (12) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (689) | (769) | 84 | 172 | (1,755) | |||
| Loss from equity method investments | (3) | (4) | (0) | (1) | (0) | |||
| Other undisclosed loss from continuing operations before income taxes | (321) | (344) | ||||||
| Income (loss) from continuing operations before income taxes: | (691) | (773) | 84 | (150) | (2,099) | |||
| Income tax expense (benefit) | 158 | 62 | (5) | (8) | 184 | (39) | ||
| Income (loss) from continuing operations: | (533) | (711) | 79 | (158) | (1,915) | (39) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (158) | (1,915) | (39) | |
| Other undisclosed net loss | (476) | (390) | (342) | |||||
| Net loss: | (1,009) | (1,100) | (263) | (158) | (1,915) | (39) | ||
| Net income (loss) attributable to noncontrolling interest | (0) | (2) | (2) | (1) | 1 | |||
| Net loss available to common stockholders, diluted: | (1,010) | (1,103) | (265) | (159) | (1,915) | (39) | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,009) | (1,100) | (263) | (158) | (1,915) | (39) | ||
| Other comprehensive income | 1 | |||||||
| Other undisclosed comprehensive income (loss) | (1) | (2) | (3) | (1) | 1 | |||
| Comprehensive loss: | (1,011) | (1,102) | (266) | (160) | (1,914) | (39) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (2) | (2) | (1) | 1 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | 2 | 2 | 1 | (1) | |||
| Comprehensive loss, net of tax, attributable to parent: | (1,011) | (1,102) | (266) | (160) | (1,914) | (39) | ||
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.