← iHeartMedia, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $845.0m | $267.1m | $406.5m | $400.3m | $720.7m | $352.1m | $336.2m | $346.4m | $259.6m | $270.9m | |
| Prepaid Expense and Other Assets, Current | $30.3m | $26.5m | $25.7m | $801k | $1.1m | $0 | — | — | — | — | |
| Accounts Receivable | — | — | — | — | — | — | $1.0b | $1.0b | $993.3m | $959.4m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($29.2m) | ($38.1m) | ($36.6m) | ($30.5m) | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $336.2m | $346.4m | $259.6m | $270.9m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $336.2m | $346.4m | $259.6m | $270.9m | |
| Gross Accounts Receivable | — | — | — | — | — | — | $1.1b | $1.1b | $1.0b | $989.9m | |
| Other Current Assets | — | — | — | — | — | — | $19.6m | $26.2m | $11.6m | $38.6m | |
| Prepaid Assets | — | — | — | — | — | — | $79.1m | $93.1m | $97.3m | $190.4m | |
| Cash and cash equivalents | $845.0m | $267.1m | $406.5m | $400.3m | $720.7m | $352.1m | $336.2m | $346.4m | $259.6m | $270.9m | |
| Accounts receivable, net of allowance of $30,467 in 2025 and $36,552 in 2024 | $1.4b | $1.5b | $1.6b | $902.9m | $801.4m | $1.0b | $1.0b | $1.0b | $993.3m | $959.4m | |
| Prepaid expenses | $184.6m | $209.3m | $195.3m | $71.8m | $79.5m | $65.9m | $79.1m | $93.1m | $97.3m | $190.4m | |
| Other current assets | $55.1m | $82.5m | $58.1m | $41.4m | $17.4m | $24.4m | $19.6m | $26.2m | $11.6m | $38.6m | |
| Inventory, Net | $22.1m | $22.5m | $18.4m | $507k | $1.2m | $3.2m | — | — | — | — | |
| Assets, Current | $2.5b | $2.1b | $2.2b | $1.4b | $1.6b | $1.5b | $1.5b | $1.5b | $1.4b | $1.5b | |
| Total Current Assets | $2.5b | $2.1b | $2.2b | $1.4b | $1.6b | $1.5b | $1.5b | $1.5b | $1.4b | $1.5b | |
| Property, Plant and Equipment, Net | $1.9b | $1.9b | $1.8b | $846.9m | $811.7m | $782.1m | $694.8m | $558.9m | $489.8m | $398.2m | |
| Goodwill | $4.1b | $4.1b | $4.1b | $3.3b | $2.1b | $2.3b | $2.3b | $1.7b | $1.1b | $1.1b | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | $5.2b | $4.0b | $2.8b | $2.4b | |
| Other Intangible Assets | — | — | — | — | — | — | $2.9b | $2.3b | $1.7b | $1.3b | |
| Indefinite-lived intangibles - licenses | $2.4b | $2.5b | $2.4b | $2.3b | $1.8b | $1.8b | $1.5b | $1.1b | $809.9m | $601.4m | |
| Other intangibles, net | $740.5m | $550.1m | $453.3m | $2.2b | $1.9b | $1.7b | $1.4b | $1.2b | $927.6m | $713.8m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $881.8m | $825.9m | $741.4m | $788.3m | $705.0m | $668.2m | $625.8m | |
| Other Assets, Noncurrent | $227.4m | $278.3m | $282.2m | $96.2m | $105.6m | $126.7m | $170.6m | $173.2m | $209.2m | $221.9m | |
| Operating lease right-of-use assets | — | — | $0 | $881.8m | $825.9m | $741.4m | $788.3m | $705.0m | $668.2m | $625.8m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.4b | $1.5b | $1.6b | $902.9m | $801.4m | $1.0b | $1.0b | $1.0b | $993.3m | $959.4m | |
| Accrued Liabilities, Current | $742.6m | $764.3m | $826.9m | $270.1m | $265.7m | $353.0m | $325.4m | $317.6m | $348.1m | $297.3m | |
| Accumulated Depreciation | — | — | — | — | — | — | ($550.3m) | ($703.0m) | ($860.6m) | ($937.0m) | |
| Capital Lease Obligations | — | — | — | — | — | — | $918.9m | $836.7m | $786.1m | $735.2m | |
| Construction In Progress | — | — | — | — | — | — | $29.1m | $16.5m | $12.2m | $11.9m | |
| Current Accrued Expenses | — | — | — | — | — | — | $389.6m | $379.6m | $370.7m | $371.4m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $70.0m | $73.8m | $69.5m | $61.0m | |
| Current Debt | — | — | — | — | — | — | $664k | $340k | $22.5m | $73.4m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $70.7m | $74.2m | $92.0m | $134.4m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $131.1m | $158.5m | $154.3m | $190.2m | |
| Gross PPE | — | — | — | — | — | — | $2.0b | $2.0b | $2.0b | $2.0b | |
| Interest Payable | — | — | — | — | — | — | $64.2m | $62.0m | $22.5m | $74.1m | |
| Invested Capital | — | — | — | — | — | — | $6.1b | $4.8b | $3.7b | $3.2b | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $848.9m | $762.8m | $716.6m | $674.2m | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $659.7m | $733.1m | $795.4m | $803.2m | |
| Net Debt | — | — | — | — | — | — | $5.1b | $4.9b | $4.8b | $4.8b | |
| Net PPE | — | — | — | — | — | — | $1.5b | $1.3b | $1.2b | $1.0b | |
| Net Tangible Assets | — | — | — | — | — | — | ($4.5b) | ($4.4b) | ($4.2b) | ($4.3b) | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $483.8m | $339.8m | $102.9m | $86.7m | |
| Ordinary Shares Number | — | — | — | — | — | — | $143.3m | $144.7m | $147.2m | $150.2m | |
| Other Current Borrowings | — | — | — | — | — | — | $664k | $340k | $22.5m | $73.4m | |
| Other Equity Adjustments | — | — | — | — | — | — | ($1.3m) | ($1.1m) | ($1.9m) | ($1.9m) | |
| Other Non Current Assets | — | — | — | — | — | — | $170.6m | $173.2m | $209.2m | $221.9m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $73.3m | $171.5m | $204.7m | $245.1m | |
| Other Properties | — | — | — | — | — | — | $1.0b | $900.6m | $875.5m | $841.5m | |
| Properties | — | — | — | — | — | — | $340.7m | $316.7m | $335.5m | $304.4m | |
| Share Issued | — | — | — | — | — | — | $143.8m | $145.6m | $148.8m | $152.5m | |
| Tangible Book Value | — | — | — | — | — | — | ($4.5b) | ($4.4b) | ($4.2b) | ($4.3b) | |
| Treasury Shares Number | — | — | — | — | — | — | $597k | $984k | $1.6m | $2.4m | |
| Working Capital | — | — | — | — | — | — | $641.0m | $658.5m | $491.6m | $491.9m | |
| Current operating lease liabilities | — | — | $0 | $77.8m | $76.5m | $88.6m | $70.0m | $73.8m | $69.5m | $61.0m | |
| Noncurrent operating lease liabilities | — | — | $0 | $796.2m | $764.5m | $738.8m | $848.9m | $762.8m | $716.6m | $674.2m | |
| Deferred income taxes | $1.5b | $959.4m | $335.0m | $737.4m | $556.5m | $558.2m | $483.8m | $339.8m | $102.9m | $86.7m | |
| Cost of shares (2,364,267 in 2025 and 1,587,031 in 2024) held in treasury | ($2.1m) | ($2.5m) | ($2.6m) | ($2.1m) | ($3.2m) | ($6.3m) | ($8.9m) | ($10.1m) | ($11.0m) | ($12.2m) | |
| Total Capitalization | — | — | — | — | — | — | $6.1b | $4.8b | $3.7b | $3.1b | |
| Total Debt | — | — | — | — | — | — | $6.3b | $6.1b | $5.9b | $5.8b | |
| Total Non Current Assets | — | — | — | — | — | — | $6.9b | $5.4b | $4.2b | $3.7b | |
| Total Stockholders' Deficit | ($10.9b) | ($11.3b) | ($11.6b) | $2.9b | $1.1b | $915.8m | $684.5m | ($384.8m) | ($1.4b) | ($1.8b) | |
| Assets | $12.9b | $12.3b | $12.3b | $11.0b | $9.2b | $8.9b | $8.3b | $7.0b | $5.6b | $5.1b | |
| Total Assets | $12.9b | $12.3b | $12.3b | $11.0b | $9.2b | $8.9b | $8.3b | $7.0b | $5.6b | $5.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total Liabilities and Stockholders' Deficit | $12.9b | $12.3b | $12.3b | $11.0b | $9.2b | $8.9b | $8.3b | $7.0b | $5.6b | $5.1b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $0 | $77.8m | $76.5m | $88.6m | $70.0m | $73.8m | $69.5m | $61.0m | |
| Accounts Payable, Current | $146.8m | $163.4m | $163.1m | $87.4m | $149.3m | $206.0m | $240.5m | $236.2m | $253.3m | $271.4m | |
| Long-term Debt, Current Maturities | $342.9m | $15.0b | $46.3m | $8.9m | $34.8m | $673k | $664k | $340k | $22.5m | $73.4m | |
| Operating Lease, Liability, Noncurrent | — | — | $0 | $796.2m | $764.5m | $738.8m | $848.9m | $762.8m | $716.6m | $674.2m | |
| Long-term Debt, Excluding Current Maturities | $20.0b | $5.7b | $5.3b | $5.8b | $6.0b | $5.7b | $5.4b | $5.2b | $5.0b | $5.0b | |
| Deferred Revenue, Current | $200.1m | $186.4m | $208.2m | $139.5m | $123.5m | $133.1m | $131.1m | $158.5m | $154.3m | $190.2m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $630.0m | $615.7m | $623.9m | $642.8m | |
| Accrued interest | $264.2m | $268.1m | $3.1m | $83.8m | $68.1m | $68.0m | $64.2m | $62.0m | $22.5m | $74.1m | |
| Current portion of long-term debt | $342.9m | $15.0b | $46.3m | $8.9m | $34.8m | $673k | $664k | $340k | $22.5m | $73.4m | |
| Liabilities, Current | $1.7b | $16.4b | $1.2b | $667.4m | $717.8m | $849.4m | $831.8m | $848.4m | $870.3m | $967.4m | |
| Total Current Liabilities | $1.7b | $16.4b | $1.2b | $667.4m | $717.8m | $849.4m | $831.8m | $848.4m | $870.3m | $967.4m | |
| Deferred Income Tax Liabilities, Net | — | $959.4m | $335.0m | $737.4m | $556.5m | $558.2m | $483.8m | $339.8m | $102.9m | $86.7m | |
| Other Liabilities, Noncurrent | $572.0m | $597.1m | $489.8m | $58.1m | $71.2m | $80.9m | $73.3m | $171.5m | $204.7m | $245.1m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $6.3b | $6.0b | $5.8b | $5.7b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $483.8m | $339.8m | $102.9m | $86.7m | |
| Other long-term liabilities | $572.0m | $597.1m | $489.8m | $58.1m | $71.2m | $80.9m | $73.3m | $171.5m | $204.7m | $245.1m | |
| Deferred Tax Liabilities, Net | $1.5b | $959.4m | $979.9m | $737.4m | $556.5m | $558.2m | $483.8m | $339.8m | $102.9m | $86.7m | |
| Total Liabilities Net Minority Interest | — | — | — | — | — | — | $7.7b | $7.3b | $6.9b | $7.0b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Additional Paid in Capital | $2.1b | $2.1b | $2.1b | $2.8b | $2.8b | $2.9b | $2.9b | $2.9b | $3.0b | $3.0b | |
| Retained Earnings (Accumulated Deficit) | ($12.7b) | ($13.1b) | ($13.3b) | $112.5m | ($1.8b) | ($2.0b) | ($2.2b) | ($3.3b) | ($4.3b) | ($4.8b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($355.9m) | ($312.6m) | ($318.0m) | ($750k) | $194k | ($257k) | ($1.3m) | ($1.1m) | ($1.9m) | ($1.9m) | |
| Treasury Stock, Common, Value | — | — | — | — | — | — | $8.9m | $10.1m | $11.0m | $12.2m | |
| Common Stock Equity | — | — | — | — | — | — | $674.9m | ($394.2m) | ($1.4b) | ($1.8b) | |
| Capital Stock | — | — | — | — | — | — | $144k | $146k | $149k | $153k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | ($1.3m) | ($1.1m) | ($1.9m) | ($1.9m) | |
| Preferred Stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Treasury Stock | — | — | — | — | — | — | $8.9m | $10.1m | $11.0m | $12.2m | |
| Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Accumulated deficit | ($12.7b) | ($13.1b) | ($13.3b) | $112.5m | ($1.8b) | ($2.0b) | ($2.2b) | ($3.3b) | ($4.3b) | ($4.8b) | |
| Accumulated other comprehensive loss | ($355.9m) | ($312.6m) | ($318.0m) | ($750k) | $194k | ($257k) | ($1.3m) | ($1.1m) | ($1.9m) | ($1.9m) | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $135.2m | $42.8m | $30.9m | $9.1m | $8.3m | $8.4m | $9.6m | $9.4m | $5.3m | $4.6m | |
| Minority Interest | — | — | — | — | — | — | $9.6m | $9.4m | $5.3m | $4.6m | |
| Noncontrolling interest | $135.2m | $42.8m | $30.9m | $9.1m | $8.3m | $8.4m | $9.6m | $9.4m | $5.3m | $4.6m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $684.5m | ($384.8m) | ($1.4b) | ($1.8b) | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $6.8b | $6.5b | $6.1b | $6.0b | |
| Liabilities and Equity | $12.9b | $12.3b | $12.3b | $11.0b | $9.2b | $8.9b | $8.3b | $7.0b | $5.6b | $5.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.