IHEARTCOMMUNICATIONS, INC. (CCMO) financial statements (2021 and earlier)

Company profile

Business Address 20880 STONE OAK PARKWAY
SAN ANTONIO, TX 78258
State of Incorp. TX
Fiscal Year End December 31
SIC 4832 - Radio Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2678457734577081,225
Cash and cash equivalents2678457734577081,225
Receivables1,5081,3641,4421,3951,4548,724
Inventory, net of allowances, customer advances and progress billings222225242723
Inventory222225242723
Prepaid expense209185189192 
Deferred costs   333044
Disposal group, including discontinued operation 56295   
Deposits current assets   4510
Prepaid expense and other current assets4770
Deferred tax assets   385219
Other current assets8355112136 
Other undisclosed current assets(22)(22)(25)(99)190(7,122)
Total current assets:2,0672,5052,8112,1802,5132,994
Noncurrent Assets
Property, plant and equipment   2,6992,8983,037
Long-term investments and receivables119888928249490
Long-term investments105888928249490
Accounts and financing receivable, after allowance for credit loss1400000
Intangible assets, net (including goodwill)   7,8058,0858,381
Goodwill   4,1874,2024,216
Intangible assets, net (excluding goodwill)   3,6183,8834,165
Prepaid expense3 816 
Deposits noncurrent assets252126282618
Restricted cash and investments18     
Deferred costs  115130144158
Other noncurrent assets   289 
Prepaid expense and other noncurrent assets558843
Prepaid pension costs121110121211
Defined benefit plan, assets for plan benefits  121211
Other undisclosed noncurrent assets10110882(10,730)(11,449)(12,138)
Total noncurrent assets:278227330289533810
Other undisclosed assets9,91510,13010,68011,57112,05112,488
TOTAL ASSETS:12,26012,86213,82114,04015,09716,293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1961,1541,2671,185939 
Accounts payable163147153132131 
Accrued liabilities764743834799807 
Interest and dividends payable268264279253  
Debt14,9723431824454382
Deferred revenue and credits186200211176172173
Other liabilities     138
Other undisclosed current liabilities    1951,090
Total current liabilities:16,3551,6971,6591,3641,7601,782
Noncurrent Liabilities
Long-term debt and lease obligation5,67720,02220,68720,32220,03020,365
Long-term debt, excluding current maturities5,67720,02220,68720,32220,03020,365
Liabilities, other than long-term debt, including:597572527455466451
Deferred compensation liability, classified   121211
Asset retirement obligations474248545956
Deferred tax liabilities, net   1,5641,5381,690
Other liabilities   455466451
Other undisclosed liabilities, other than long-term debt550530479(1,629)(1,609)(1,757)
Other undisclosed noncurrent liabilities9591,4571,5551,5641,5381,629
Total noncurrent liabilities:7,23322,05122,76922,34122,03422,445
Total liabilities:23,58823,74824,42823,70523,79424,227
Temporary equity, carrying amount     61
Stockholders' equity
Stockholders' equity attributable to parent, including:(11,370)(11,021)(10,784)(9,665)(8,697)(8,299)
Common stock11111 
Additional paid in capital2,0702,0682,0672,1012,1422,136
Accumulated other comprehensive loss(313)(356)(414)(309)(196)(153)
Accumulated deficit(13,128)(12,733)(12,437)(11,682)(10,889)(10,282)
Other undisclosed stockholders' equity attributable to parent   224246 
Stockholders' equity attributable to noncontrolling interest43135178224246304
Other undisclosed stockholders' equity   (224)(246) 
Total stockholders' equity:(11,327)(10,885)(10,607)(9,665)(8,697)(7,995)
TOTAL LIABILITIES AND EQUITY:12,26012,86213,82114,04015,09716,293

Income statement (P&L) ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues6,1716,2746,2426,3196,2436,247
Cost of revenue
(Cost of Goods and Services Sold)
(2,462)(2,412)(2,473)(2,534)(2,543)(2,497)
Gross profit:3,7093,8613,7683,7843,7003,750
Operating expenses(1,862)(1,734)(1,723)(1,960)(1,980)(1,691)
Other operating income, net3635494402348
Other undisclosed operating loss(913)(976)(990)(783)(742)(1,038)
Operating income:9701,5051,1491,0821,0011,070
Nonoperating income (expense)(15)(73)1325(20)(5)
Investment income, nonoperating     (2)
Foreign currency transaction gain (loss), before tax29(70) 162(3)
Other nonoperating income (expense)(45)(3)139(22)0
Interest and debt expense(1,864)(1,692)(1,808)(1,785)(1,737)(1,804)
Loss from continuing operations before equity method investments, income taxes:(910)(261)(645)(679)(757)(738)
Income (loss) from equity method investments(3)(17)(1)(9)(78)19
Other undisclosed income (loss) from continuing operations before income taxes(5)(13)(4)(16)1290
Loss from continuing operations before income taxes:(917)(290)(651)(704)(705)(719)
Income tax expense (benefit)45750(87)(58)122308
Net loss:(460)(240)(737)(762)(584)(411)
Net income (loss) attributable to noncontrolling interest66(56)(17)(32)(23)(13)
Net loss available to common stockholders, diluted:(394)(296)(755)(794)(607)(424)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(460)(240)(737)(762)(584)(411)
Other comprehensive income (loss)5756(124)(130)(45) 
Other undisclosed comprehensive income (loss)66(56)(17)(32)(23)105
Comprehensive loss:(336)(240)(878)(923)(652)(306)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)22221(2)6
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    5(12)
Comprehensive loss, net of tax, attributable to parent:(351)(238)(856)(902)(650)(312)

Statements sources

The financial statements are based on the company's filings with the 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.

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