iHeartMedia, Inc. (IHTM) financial statements (2020 and earlier)

Company profile

Business Address 20880 STONE OAK PARKWAY
SAN ANTONIO, TX 78258
State of Incorp.
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400406267845773457708
Cash and cash equivalents400406267845773457708
Receivables9031,5751,5081,3641,4421,3951,454
Inventory, net of allowances, customer advances and progress billings1182222252427
Inventory1182222252427
Prepaid expense72195209185189192 
Deferred costs     3330
Disposal group, including discontinued operation   56295  
Deposits current assets     45
Prepaid expense and other current assets47
Deferred tax assets    3852
Other current assets41588355112136 
Other undisclosed current assets(1)(18)(22)(22)(25)(99)190
Total current assets:1,4162,2352,0672,5052,8112,1802,513
Noncurrent Assets
Property, plant and equipment     2,6992,898
Long-term investments and receivables6499119888928249
Long-term investments3173105888928249
Accounts and financing receivable, after allowance for credit loss3326140000
Intangible assets, net (including goodwill)     7,8058,085
Goodwill     4,1874,202
Intangible assets, net (excluding goodwill)     3,6183,883
Prepaid expense073 816 
Deposits noncurrent assets4282521262826
Restricted cash and investments 1618    
Deferred costs    115130144
Other noncurrent assets     289 
Prepaid expense and other noncurrent assets558
Prepaid pension costs1211101212
Defined benefit plan, assets for plan benefits  1212
Other undisclosed noncurrent assets2813210110882(10,730)(11,449)
Total noncurrent assets:96282278227330289533
Other undisclosed assets9,5099,7529,91510,13010,68011,57112,051
TOTAL ASSETS:11,02112,27012,26012,86213,82114,04015,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4419931,1961,1541,2671,185939
Accounts payable87163163147153132131
Accrued liabilities270827764743834799807
Interest and dividends payable843268264279253 
Debt874614,9723431824454
Deferred revenue and credits186200211176172
Contract with customer, liability208
Other undisclosed current liabilities140     195
Total current liabilities:6671,24816,3551,6971,6591,3641,760
Noncurrent Liabilities
Long-term debt and lease obligation6,5535,2775,67720,02220,68720,32220,030
Long-term debt, excluding current maturities5,7575,2775,67720,02220,68720,32220,030
Operating lease, liability796
Liabilities, other than long-term debt, including:58490597572527455466
Deferred compensation liability, classified     1212
Asset retirement obligations4444742485459
Deferred tax liabilities, net    1,5641,538
Other liabilities     455466
Other undisclosed liabilities, other than long-term debt54446550530479(1,629)(1,609)
Other undisclosed noncurrent liabilities79716,8159591,4571,5551,5641,538
Total noncurrent liabilities:7,40822,5827,23322,05122,76922,34122,034
Total liabilities:8,07623,83023,58823,74824,42823,70523,794
Stockholders' equity
Stockholders' equity attributable to parent, including:2,936(11,591)(11,370)(11,021)(10,784)(9,665)(8,697)
Common stock     00
Treasury stock, value(2)(3)(2)(2)(2)(1)(6)
Additional paid in capital2,8272,0752,0732,0712,0692,1032,148
Accumulated other comprehensive loss(1)(318)(313)(356)(414)(309)(196)
Retained earnings (accumulated deficit)113(13,345)(13,128)(12,733)(12,437)(11,682)(10,889)
Other undisclosed stockholders' equity attributable to parent     224246
Stockholders' equity attributable to noncontrolling interest93143135178224246
Other undisclosed stockholders' equity00000(224)(246)
Total stockholders' equity:2,945(11,560)(11,327)(10,885)(10,607)(9,665)(8,697)
TOTAL LIABILITIES AND EQUITY:11,02112,27012,26012,86213,82114,04015,097

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 6,3266,1716,2746,2426,3196,243
Operating leases, income statement, lease revenue1,332
Cost of revenue
(Cost of Goods and Services Sold)
 (2,533)(2,462)(2,412)(2,473)(2,534)(2,543)
Gross profit: 3,7933,7093,8613,7683,7843,700
Operating expenses (1,937)(1,862)(1,734)(1,723)(1,960)(1,980)
Other operating income (expense), net (7)36354944023
Other undisclosed operating loss (868)(913)(976)(990)(783)(742)
Operating income: 9819701,5051,1491,0821,001
Nonoperating income (expense) (59)(15)(73)1325(20)
Foreign currency transaction gain (loss), before tax (33)29(70) 162
Other nonoperating income (expense) (25)(45)(3)139(22)
Interest and debt expense (723)(1,864)(1,692)(1,808)(1,785)(1,737)
Income (loss) from continuing operations before equity method investments, income taxes: 199(910)(261)(645)(679)(757)
Income (loss) from equity method investments 1(3)(17)(1)(9)(78)
Other undisclosed income (loss) from continuing operations before income taxes (356)(5)(13)(4)(16)129
Loss from continuing operations before income taxes: (156)(917)(290)(651)(704)(705)
Income tax expense (benefit)(39)(46)45750(87)(58)122
Net loss:(39)(203)(460)(240)(737)(762)(584)
Net income (loss) attributable to noncontrolling interest 166(56)(17)(32)(23)
Net loss attributable to parent:(39)(202)(394)(296)(755)(794)(607)
Preferred stock dividends and other adjustments      (3)
Net loss available to common stockholders, diluted:(39)(202)(394)(296)(755)(794)(609)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(39)(203)(460)(240)(737)(762)(584)
Other comprehensive income (loss) (14)5756(124)(130)(45)
Other undisclosed comprehensive income (loss) 166(56)(17)(32)(23)
Comprehensive loss:(39)(216)(336)(240)(878)(923)(652)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 9(14)22221(2)
Other undisclosed comprehensive income, net of tax, attributable to parent      5
Comprehensive loss, net of tax, attributable to parent:(39)(208)(351)(238)(856)(902)(650)

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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