← iHeartMedia, Inc.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($262.7m) | ($1.1b) | ($1.0b) | ($471.9m) | |
| Net Income (Loss) Attributable to Parent | ($754.6m) | ($296.3m) | ($393.9m) | ($201.9m) | ($1.9b) | ($159.2m) | ($264.7m) | ($1.1b) | ($1.0b) | ($472.9m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($296.3m) | ($393.9m) | ($201.9m) | ($1.9b) | ($159.2m) | ($264.7m) | ($1.1b) | ($1.0b) | ($472.9m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($737.5m) | ($240.0m) | ($460.0m) | ($202.6m) | ($1.9b) | ($158.4m) | ($262.7m) | ($1.1b) | ($1.0b) | ($471.9m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($754.6m) | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($1.9b) | ($158.4m) | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $0 | $0 | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | $0 | $0 | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $17.1m | $56.3m | ($66.1m) | ($729k) | ($523k) | $810k | $2.0m | $2.3m | $447k | $979k | |
| Depreciation, Depletion and Amortization | $674.0m | $635.2m | $601.3m | $530.9m | $402.9m | $469.4m | $445.7m | $428.5m | $409.6m | $360.0m | |
| Amortization of Debt Issuance Costs and Discounts | $63.8m | $70.0m | $57.5m | $22.6m | $4.8m | $5.9m | $6.2m | $6.7m | $5.6m | $3.0m | |
| Amortization of Intangible Assets | $237.5m | $222.6m | $197.2m | $130.9m | $258.9m | $280.6m | $253.6m | $246.7m | $245.3m | $213.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $445.7m | $428.5m | $409.6m | $360.0m | |
| Amortization of deferred financing charges and note discounts, net | $63.8m | $70.0m | $57.5m | $22.6m | $4.8m | $5.9m | $6.2m | $6.7m | $5.6m | $3.0m | |
| Deferred Income Tax Expense (Benefit) | $27.8m | ($98.1m) | ($488.2m) | $18.0m | ($184.3m) | ($10.9m) | ($74.4m) | ($144.6m) | ($236.9m) | ($16.2m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($74.4m) | ($144.6m) | ($236.9m) | ($16.2m) | |
| Deferred Tax | — | — | — | — | — | — | ($74.4m) | ($144.6m) | ($236.9m) | ($16.2m) | |
| Deferred taxes | $27.8m | ($98.1m) | ($488.2m) | $18.0m | ($184.3m) | ($10.9m) | ($74.4m) | ($144.6m) | ($236.9m) | ($16.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $10.9m | $13.1m | $12.1m | $10.6m | $22.5m | $23.5m | $35.5m | $34.6m | $28.6m | $19.6m | |
| Goodwill, Impairment Loss | $0 | $7.3m | $1.6m | $0 | $1.2b | — | $0 | $595.5m | $616.1m | $0 | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $22.9m | $23.5m | $35.5m | $35.6m | $32.3m | $44.1m | |
| Equity Method Investment, Other than Temporary Impairment | ($553k) | $15.0m | — | — | — | — | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $900k | $8.7m | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $6.0m | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $44.3m | $8.7m | $6.1m | $2.0m | $5.4m | |
| Asset Impairment Charge | — | — | — | — | — | — | $311.5m | $965.1m | $922.7m | $213.9m | |
| Impairment charges | $21.6m | $8.0m | $10.2m | $40.9m | $1.7b | $57.7m | $311.5m | $965.1m | $922.7m | $213.9m | |
| Share-based compensation | $10.9m | $13.1m | $12.1m | $10.6m | $22.5m | $23.5m | $35.5m | $34.6m | $28.6m | $19.6m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $107.2m | ($314.7m) | ($292.0m) | ($296.3m) | ($85.2m) | ($183.4m) | ($161.0m) | ($102.7m) | ($97.6m) | ($81.7m) | |
| Gain (Loss) on Extinguishment of Debt | ($2.2m) | $157.6m | $1.3m | $100k | $0 | ($11.6m) | $30.2m | $56.7m | ($275k) | $0 | |
| Gain (Loss) on Disposition of Assets | — | $365.7m | $44.5m | $131k | ($7.0m) | ($26.8m) | ($23.3m) | ($2.3m) | ($1.5m) | ($9.6m) | |
| Income (Loss) from Equity Method Investments | ($902k) | ($16.7m) | ($2.9m) | $1.0m | ($379k) | ($1.1m) | ($11k) | ($3.5m) | ($2.6m) | ($7.0m) | |
| Income Tax Expense (Benefit) | $87.0m | ($50.5m) | ($457.4m) | $46.4m | ($183.6m) | $8.4m | $4.7m | ($62.3m) | ($158.4m) | ($1.8m) | |
| Operating Lease, Expense | — | — | — | — | $198.2m | $203.5m | $188.5m | $178.3m | $183.6m | $185.7m | |
| Operating Lease, Lease Income | — | — | — | — | $2.1m | $1.4m | $1.4m | $2.0m | $787k | $562k | |
| Other Nonoperating Income (Expense) | $13.1m | ($3.2m) | ($44.5m) | ($24.5m) | ($7.8m) | ($15.0m) | ($2.3m) | ($655k) | ($926k) | $1.1m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $11k | $3.5m | $2.6m | $7.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $121.6m | $14.5m | $149.3m | $110.1m | ($77.3m) | $205.2m | $20.9m | $31.1m | ($28.4m) | ($16.8m) | |
| Increase (Decrease) in Accounts Payable | $27.4m | $3.1m | $15.7m | $38.3m | $52.4m | $153.9m | $34.4m | ($3.1m) | $18.6m | $18.6m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $30.6m | $27.4m | $38.9m | $28.4m | $38.3m | $4.1m | $14.2m | $29.5m | $15.9m | $19.2m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $2.2m | ($157.6m) | ($1.3m) | ($100k) | $0 | ($62k) | ($6.5m) | ($15.6m) | ($14.4m) | ($12.0m) | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | $2.8m | ($6.4m) | ($5.4m) | ($1.2m) | $255k | |
| Foreign Currency Transaction Gain (Loss), before Tax | $15.5m | ($69.9m) | $29.2m | ($33.1m) | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $4.4m | ($14.8m) | ($4.9m) | ($1.3m) | ($9.3m) | $43.6m | ($1.0m) | ($28.1m) | $75.5m | ($43.0m) | |
| Goodwill | $4.1b | $4.1b | $4.1b | $4.1b | $2.1b | $2.3b | $2.3b | $1.7b | $1.1b | $1.1b | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | ($414k) | $3.8m | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | ($73.1m) | ($15.3m) | ($58.9m) | — | — | — | — | — | — | |
| Operating Expenses | — | — | — | — | — | $2.7b | $3.0b | $3.1b | — | — | |
| Payments of Financing Costs | — | — | — | — | $4.8m | — | — | — | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | — | $0 | $0 | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $5.0b | $2.9b | $3.6b | $3.9b | $3.7b | $3.9b | $3.9b | |
| Operating Cash Flow | ($77.3m) | ($14.0m) | ($503.7m) | $966.7m | $215.9m | $330.6m | $420.1m | $213.1m | $71.4m | $92.6m | |
| Cash Flow From Continuing Operating Activities | ($77.3m) | ($14.0m) | ($503.7m) | $966.7m | $215.9m | $330.6m | $420.1m | $213.1m | $71.4m | $92.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $352.6m | $336.7m | $346.4m | $259.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($306.1m) | ($152.2m) | ($158.3m) | ($15.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($129.2m) | ($51.3m) | $508k | ($66.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $34.4m | ($3.1m) | $18.6m | $18.6m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($9.1m) | $85.6m | $15.1m | $3.1m | |
| Change In Interest Payable | — | — | — | — | — | — | ($3.8m) | ($2.2m) | ($39.5m) | $43.8m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($4.8m) | $7.3m | $814k | $852k | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $818k | ($1.4m) | $2.0m | $14.6m | |
| Change In Other Working Capital | — | — | — | — | — | — | $2.7m | $18.1m | ($18.2m) | $26.0m | |
| Change In Payable | — | — | — | — | — | — | $34.4m | ($3.1m) | $18.6m | $18.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $25.4m | $82.5m | $33.6m | $21.7m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($13.4m) | ($5.4m) | $11.5m | ($32.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($20.9m) | ($31.1m) | $28.4m | $16.8m | |
| Change In Working Capital | — | — | — | — | — | — | ($10.1m) | $70.1m | $58.1m | $47.4m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($20.9m) | ($31.1m) | $28.4m | $16.8m | |
| Changes In Cash | — | — | — | — | — | — | ($15.3m) | $9.6m | ($86.4m) | $11.0m | |
| End Cash Position | — | — | — | — | — | — | $336.7m | $346.4m | $259.6m | $270.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($306.1m) | ($152.2m) | ($158.3m) | ($15.3m) | |
| Free Cash Flow | — | — | — | — | — | — | $259.1m | $110.4m | ($26.2m) | $10.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $1.0m | $28.1m | ($75.5m) | $43.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($129.2m) | ($51.3m) | $508k | ($66.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($245.5m) | $0 | ($4.9m) | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($161.0m) | ($102.7m) | ($97.6m) | ($81.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($5.9m) | ($22.8m) | ($71.1m) | $59.6m | |
| Other Non Cash Items | — | — | — | — | — | — | ($33.7m) | ($47.0m) | ($46.0m) | ($139.0m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $14.2m | $29.5m | $15.9m | $19.2m | |
| Purchase Of Business | — | — | — | — | — | ($245.5m) | $0 | ($4.9m) | — | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($161.0m) | ($102.7m) | ($97.6m) | ($81.7m) | |
| Stock Based Compensation | — | — | — | — | — | — | $35.5m | $34.6m | $28.6m | $19.6m | |
| Net loss | ($737.5m) | ($240.0m) | ($460.0m) | ($202.6m) | ($1.9b) | ($158.4m) | ($262.7m) | ($1.1b) | ($1.0b) | ($471.9m) | |
| Provision for doubtful accounts | $30.6m | $27.4m | $38.9m | $28.4m | $38.3m | $4.1m | $14.2m | $29.5m | $15.9m | $19.2m | |
| Loss on disposal of operating and other assets | ($107.2m) | ($365.7m) | ($44.5m) | ($131k) | $7.0m | $26.8m | $23.3m | $2.3m | $1.5m | $9.6m | |
| (Gain) loss on investments, net | $4.4m | — | $3.8m | $472k | $9.3m | ($43.6m) | $1.0m | $28.1m | ($75.5m) | $43.0m | |
| Equity in loss of nonconsolidated affiliates | $902k | $16.7m | $2.9m | ($1.0m) | $379k | $1.1m | $11k | $3.5m | $2.6m | $7.0m | |
| Barter and trade income | ($14.4m) | ($38.3m) | ($42.2m) | ($15.7m) | ($10.5m) | ($16.3m) | ($40.7m) | ($33.3m) | ($51.9m) | ($141.1m) | |
| Other reconciling items, net | ($28.5m) | $33.1m | ($28.4m) | $36.9m | $656k | $12.5m | $692k | $347k | $1.6m | ($869k) | |
| (Increase) Decrease in prepaid & other current assets | ($20.6m) | ($2.8m) | ($28.4m) | $22k | $2.4m | $4.7m | ($13.4m) | ($26.5m) | $7.6m | ($32.5m) | |
| Decrease in other long-term assets | — | — | ($13.7m) | ($13.8m) | ($1.1m) | ($5.5m) | ($4.8m) | $7.3m | $814k | $852k | |
| Increase (Decrease) in accrued expenses | ($15.8m) | ($2.9m) | $4.1m | $40.1m | — | — | ($5.2m) | $87.8m | $54.5m | ($40.7m) | |
| Increase (Decrease) in accrued interest | $59.6m | $20.8m | $41.0m | $304.7m | ($15.7m) | ($72k) | ($3.8m) | ($2.2m) | ($39.5m) | $43.8m | |
| Increase (Decrease) in deferred revenue | — | $23.7m | ($26.5m) | $19.9m | ($21.9m) | $8.2m | $2.7m | $18.5m | ($15.6m) | $26.0m | |
| Increase (Decrease) in other long-term liabilities | $7.1m | $3.5m | ($23.4m) | ($47.4m) | $7.9m | $2.4m | $7.3m | $55.1m | $2.0m | $14.6m | |
| Proceeds from disposal of assets | $414.3m | $857.0m | $83.0m | $10.4m | $3.0m | $37.5m | $36.8m | $57.0m | $3.2m | $21.5m | |
| Change in other, net | $2.2m | ($1.6m) | ($21.1m) | ($2.4m) | ($1.4m) | $244k | ($6.0m) | ($3.7m) | ($2.4m) | ($1.3m) | |
| Proceeds from revolving credit facilities | $350.0m | $100.0m | $100.0m | $143.3m | — | — | — | $0 | $0 | $100.0m | |
| Payments on revolving credit facilities | ($123.8m) | ($2.1m) | ($25.9m) | ($258.3m) | ($532.4m) | ($352.4m) | ($300.1m) | ($148.4m) | $0 | ($50.0m) | |
| Other Operating Income (Expense), Net | $94.0m | $353.6m | $35.7m | ($6.8m) | ($11.3m) | ($32.3m) | ($25.0m) | ($4.4m) | ($2.8m) | ($10.6m) | |
| Net Cash Provided by (Used in) Operating Activities | ($77.3m) | ($14.0m) | ($503.7m) | $966.7m | $215.9m | $330.6m | $420.1m | $213.1m | $71.4m | $92.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $296.4m | $314.7m | $292.0m | $296.3m | $85.2m | $183.4m | $161.0m | $102.7m | $97.6m | $81.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $500k | — | $74.3m | $62.0m | $245.5m | $0 | $4.9m | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | $23.3m | $41.4m | $42.8m | $63.4m | $70.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $902k | $3.9m | $101.8m | $1.7m | |
| Gain (Loss) on Sale of Investments | $4.4m | — | $3.8m | $472k | ($9.3m) | $43.6m | ($1.0m) | ($28.1m) | $75.5m | ($43.0m) | |
| Sale Of Investment | — | — | — | — | — | — | $902k | $3.9m | $101.8m | $1.7m | |
| Proceeds from sale of investment securities | — | — | — | — | $1.0m | $50.8m | $902k | $3.9m | $101.8m | $1.7m | |
| Payments for (Proceeds from) Other Investing Activities | $2.5m | $2.8m | $4.1m | $1.2m | $3.6m | $6.2m | $6.0m | $4.5m | $6.8m | $7.8m | |
| Net Other Investing Changes | — | — | — | — | — | — | $30.8m | $47.5m | ($3.7m) | $13.8m | |
| Net cash provided by (used for) investing activities | $30.2m | $510.9m | ($236.1m) | ($345.5m) | ($147.8m) | ($346.8m) | ($129.2m) | ($51.3m) | $508k | ($66.2m) | |
| Net Cash Provided by (Used in) Investing Activities | $30.2m | $510.9m | ($236.1m) | ($345.5m) | ($147.8m) | ($346.8m) | ($129.2m) | ($51.3m) | $508k | ($66.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.2b | $6.9m | $156.0m | $0 | $779.8m | $0 | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $100.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $100.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($300.1m) | ($148.4m) | ($151.4m) | ($12.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($300.1m) | ($148.4m) | ($151.4m) | ($12.4m) | |
| Repayments of Long-term Debt | $931.4m | $421.3m | $9.9m | $365.0m | — | — | — | — | $151.4m | $62.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($300.1m) | ($148.4m) | ($151.4m) | ($112.4m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($300.1m) | ($148.4m) | ($151.4m) | ($112.4m) | |
| Payments on long term debt | ($931.4m) | ($421.3m) | ($9.9m) | ($365.0m) | — | — | ($300.1m) | ($148.4m) | ($151.4m) | ($62.4m) | |
| Dividends and other payments to noncontrolling interests | ($31) | ($90) | ($46) | ($9) | — | — | ($1) | ($3) | ($5) | ($2) | |
| Proceeds from (Payments for) Other Financing Activities | $2.2m | ($1.6m) | ($21.1m) | ($2.4m) | ($1.4m) | $244k | ($6.0m) | ($3.7m) | ($2.4m) | ($1.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($6.0m) | ($3.7m) | ($7.0m) | ($3.0m) | |
| Net cash used for financing activities | $377.4m | ($418.2m) | $151.3m | ($491.8m) | $241.2m | ($352.1m) | ($306.1m) | ($152.2m) | ($158.3m) | ($15.3m) | |
| Net Cash Provided by (Used in) Financing Activities | $377.4m | ($418.2m) | $151.3m | ($491.8m) | $241.2m | ($352.1m) | ($306.1m) | ($152.2m) | ($158.3m) | ($15.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($14.7m) | ($6.3m) | $10.6m | ($10.4m) | $257k | ($292k) | ($634k) | $151k | ($394k) | $311k | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($634k) | $151k | ($394k) | $311k | |
| Effect of exchange rate changes on cash | ($14.7m) | ($6.3m) | $10.6m | ($10.4m) | $257k | ($292k) | ($634k) | $151k | ($394k) | $311k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $93.9m | ($544.4m) | $119.0m | $309.6m | ($368.6m) | ($15.9m) | $9.7m | ($86.8m) | $11.3m | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | $93.9m | ($544.4m) | $119.0m | $309.6m | ($368.6m) | ($15.9m) | $9.7m | ($86.8m) | $11.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $93.9m | ($544.4m) | $430.3m | $721.2m | $352.6m | $336.7m | $346.4m | $259.6m | $270.9m | |
| Cash, cash equivalents and restricted cash at beginning of period | — | $855.7m | $311.3m | $430.3m | $721.2m | $352.6m | $352.6m | $346.4m | $259.6m | $270.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($15.9m) | $9.7m | ($86.8m) | $11.3m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.7b | $1.8b | $1.8b | $398.0m | $357.2m | $328.1m | $342.4m | $392.7m | $427.5m | $361.2m | |
| Income Taxes Paid, Net | $52.2m | $44.8m | $35.5m | $34.2m | $5.8m | $11.1m | $35.4m | $14.0m | $13.4m | ($16.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.