iHeartMedia, Inc. (IHTM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments721400406267845773457
Cash and cash equivalents721400406267845773457
Receivables8019031,5751,5081,3641,4421,395
Inventory, net of allowances, customer advances and progress billings111822222524
Inventory111822222524
Prepaid expense8072195209185189192
Deferred costs      33
Disposal group, including discontinued operation    56295 
Deposits current assets      4
Deferred tax assets    38
Other current assets1741588355112136
Other undisclosed current assets(1)(1)(18)(22)(22)(25)(99)
Total current assets:1,6191,4162,2352,0672,5052,8112,180
Noncurrent Assets
Operating lease, right-of-use asset826 
Property, plant and equipment812     2,699
Long-term investments and receivables 6499119888928
Long-term investments 3173105888928
Accounts and financing receivable, after allowance for credit loss 332614000
Intangible assets, net (including goodwill)5,841     7,805
Goodwill2,146     4,187
Intangible assets, net (excluding goodwill)3,695     3,618
Prepaid expense 073 816
Deposits noncurrent assets 42825212628
Restricted cash and investments  1618   
Deferred costs     115130
Other noncurrent assets106     289
Prepaid pension costs12111012
Defined benefit plan, assets for plan benefits  12
Other undisclosed noncurrent assets 2813210110882(10,730)
Total noncurrent assets:7,58496282278227330289
Other undisclosed assets 9,5099,7529,91510,13010,68011,571
TOTAL ASSETS:9,20311,02112,27012,26012,86213,82114,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4834419931,1961,1541,2671,185
Accounts payable14987163163147153132
Accrued liabilities266270827764743834799
Interest and dividends payable68843268264279253
Debt35874614,9723431824
Deferred revenue and credits186200211176
Contract with customer, liability208
Other undisclosed current liabilities200140     
Total current liabilities:7186671,24816,3551,6971,6591,364
Noncurrent Liabilities
Long-term debt and lease obligation6,7476,5535,2775,67720,02220,68720,322
Long-term debt, excluding current maturities5,9825,7575,2775,67720,02220,68720,322
Operating lease, liability764796
Liabilities, other than long-term debt, including:7158490597572527455
Deferred compensation liability, classified      12
Asset retirement obligations444447424854
Deferred tax liabilities, net    1,564
Other liabilities      455
Other undisclosed liabilities, other than long-term debt6754446550530479(1,629)
Other undisclosed noncurrent liabilities61679716,8159591,4571,5551,564
Total noncurrent liabilities:7,4347,40822,5827,23322,05122,76922,341
Total liabilities:8,1528,07623,83023,58823,74824,42823,705
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0422,936(11,591)(11,370)(11,021)(10,784)(9,665)
Common stock      0
Treasury stock, value(3)(2)(3)(2)(2)(2)(1)
Additional paid in capital2,8492,8272,0752,0732,0712,0692,103
Accumulated other comprehensive income (loss)0(1)(318)(313)(356)(414)(309)
Retained earnings (accumulated deficit)(1,804)113(13,345)(13,128)(12,733)(12,437)(11,682)
Other undisclosed stockholders' equity attributable to parent      224
Stockholders' equity attributable to noncontrolling interest893143135178224
Other undisclosed stockholders' equity000000(224)
Total stockholders' equity:1,0512,945(11,560)(11,327)(10,885)(10,607)(9,665)
TOTAL LIABILITIES AND EQUITY:9,20311,02112,27012,26012,86213,82114,040

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,948 6,3266,1716,2746,2426,319
Operating leases, income statement, lease revenue1,332
Cost of revenue
(Cost of Goods and Services Sold)
(1,163) (2,533)(2,462)(2,412)(2,473)(2,534)
Gross profit:1,785 3,7933,7093,8613,7683,784
Operating expenses(2,964) (1,937)(1,862)(1,734)(1,723)(1,960)
Other operating income (expense), net(11) (7)363549440
Other undisclosed operating loss(548) (868)(913)(976)(990)(783)
Operating income (loss):(1,738) 9819701,5051,1491,082
Nonoperating income (expense)(17) (59)(15)(73)1325
Investment income, nonoperating(9) (1)    
Foreign currency transaction gain (loss), before tax  (33)29(70) 16
Other nonoperating income (expense)(8) (25)(45)(3)139
Interest and debt expense  (723)(1,864)(1,692)(1,808)(1,785)
Income (loss) from continuing operations before equity method investments, income taxes:(1,755) 199(910)(261)(645)(679)
Income (loss) from equity method investments(0) 1(3)(17)(1)(9)
Other undisclosed loss from continuing operations before income taxes(344) (356)(5)(13)(4)(16)
Loss from continuing operations before income taxes:(2,099) (156)(917)(290)(651)(704)
Income tax expense (benefit)184(39)(46)45750(87)(58)
Net loss:(1,915)(39)(203)(460)(240)(737)(762)
Net income (loss) attributable to noncontrolling interest1 166(56)(17)(32)
Net loss available to common stockholders, diluted:(1,915)(39)(202)(394)(296)(755)(794)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1,915)(39)(203)(460)(240)(737)(762)
Other comprehensive income (loss)1 (14)5756(124)(130)
Other undisclosed comprehensive income (loss)1 166(56)(17)(32)
Comprehensive loss:(1,914)(39)(216)(336)(240)(878)(923)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1 9(14)22221
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)      
Comprehensive loss, net of tax, attributable to parent:(1,914)(39)(208)(351)(238)(856)(902)

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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