iHeartMedia, Inc.

Listed Company

IHETWCIK 0001400891OTCAcceleratedSmaller ReportingRadio Broadcasting StationsFY ends Dec 31

Period

FY 2025

Revenue

$3.86B

Net Income

$-472.87M

Total Assets

$5.13B

Equity

$-1.83B

Shares Out

5.04M

Op. Cash Flow

$92.58M

Business

iHeartMedia, Inc. is the leading U.S. audio media company focused on companionship-oriented audio delivered primarily through broadcast radio and complementary multi‑platform channels. It offers AM/FM and HD radio stations, syndicated networks, podcasts, the iHeartRadio streaming service and mobile app, programmatic ad tech and measurement solutions, live and virtual events, and media representation and broadcast software services. The company reports operations in three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. Its content and advertising services distribute nationally via terrestrial radio, digital platforms and apps, social media, connected devices, automotive systems, television partnerships, and live events.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,865	3,855	3,751	3,912	3,558
Direct operating expenses (excludes depreciation and amortization)	1,613	1,589	1,494	1,480	1,325
Selling, general and administrative expenses (excludes depreciation and amortization)	1,688	1,694	1,656	1,593	1,519
Depreciation and amortization	360	410	428	446	469
Impairment charges	214	923	965	311	58
Other operating expense	11	3	4	25	32
Operating loss	−21	−763	−797	57	155
Interest expense, net	403	379	390	342	332
Gain (loss) on investments, net	−43	76	−28	−1	44
Equity in loss of nonconsolidated affiliates	−7	−3	−4	−11,000	−1
Gain (loss) on extinguishment of debt and exchange costs	−2	−97	57	30	—
Other income (expense), net	1	−926,000	−655,000	−2	−3
Loss before income taxes	−474	−1,168	−1,163	−258	−150
Income tax benefit	2	158	62	−5	−8
Net loss	−472	−1,009	−1,100	−263	−158
Less amount attributable to noncontrolling interest	979,000	447,000	2	2	810,000
Net loss attributable to the Company	−473	−1,010	−1,103	−265	−159
Foreign currency translation adjustments	7,000	−757,000	203,000	−1	−451,000
Other comprehensive income (loss), net of tax	7,000	−757,000	203,000	−1	−451,000
Comprehensive loss	−473	−1,011	−1,102	−266	−160
Less amount attributable to noncontrolling interest	0	0	0	0	0
Comprehensive loss attributable to the Company	−473	−1,011	−1,102	−266	−160
Basic (in dollars per share)	−3.06	−6.68	−7.39	−1.79	−1.09
Weighted average common shares outstanding - Basic (in shares)	154	151	149	148	147
Diluted (in dollars per share)	−3.06	−6.68	−7.39	−1.79	−1.09
Weighted average common shares outstanding - Diluted (in shares)	154	151	149	148	147

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2022 2022-12-31
Cash and cash equivalents	271	260	346	—	336
Accounts receivable, net of allowance of $30,467 in 2025 and $36,552 in 2024	959	993	1,041	—	1,038
Prepaid expenses	190	97	93	—	79
Other current assets	39	12	26	—	20
Total Current Assets	1,459	1,362	1,507	—	1,473
Property, plant and equipment, net	398	490	559	—	695
Indefinite-lived intangibles - licenses	601	810	1,100	—	1,500
Other intangibles, net	714	928	1,173	—	1,420
Goodwill	1,105	1,105	1,721	—	2,313
Operating lease right-of-use assets	626	668	705	26	788
Other assets	222	209	173	—	171
Total Assets	5,126	5,572	6,953	—	8,336
Accounts payable	271	253	236	—	240
Current operating lease liabilities	61	70	74	—	70
Accrued expenses	297	348	318	—	325
Accrued interest	74	23	62	—	64
Deferred revenue	190	154	159	—	131
Current portion of long-term debt	73	23	340,000	—	664,000
Total Current Liabilities	967	870	848	—	832
Long-term debt	4,980	5,049	5,215	—	5,414
Noncurrent operating lease liabilities	674	717	763	—	849
Deferred income taxes	87	103	340	—	484
Other long-term liabilities	245	205	172	—	73
Commitments and contingent liabilities (Note 7)	—	—	—	—	—
Noncontrolling interest	5	5	9	—	10
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0	0	—	0
Additional paid-in capital	2,995	2,976	2,947	—	2,913
Accumulated deficit	−4,813	−4,340	−3,330	—	−2,227
Accumulated other comprehensive loss	−2	−2	−1	—	−1
Cost of shares (2,364,267 in 2025 and 1,587,031 in 2024) held in treasury	−12	−11	−10	—	−9
Total Stockholders' Deficit	−1,827	−1,372	−385	—	685
Total Liabilities and Stockholders' Deficit	5,126	5,572	6,953	—	8,336

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred taxes	−16	−237	−145	−74	−11
Provision for doubtful accounts	19	16	29	14	4
Amortization of deferred financing charges and note discounts, net	3	6	7	6	6
Share-based compensation	20	29	35	35	24
Loss on disposal of operating and other assets	10	1	2	23	27
(Gain) loss on investments, net	43	−76	28	1	−44
(Gain) loss on extinguishment of debt	0	275,000	−57	−30	—
Barter and trade income	−141	−53	−54	−41	−16
Other reconciling items, net	−869,000	2	347,000	692,000	890,000
(Increase) Decrease in accounts receivable	17	28	−31	−21	−205
(Increase) Decrease in prepaid & other current assets	−33	11	−5	−13	5
Decrease in other long-term assets	852,000	814,000	7	−5	−6
Increase (Decrease) in accounts payable	19	19	−3	34	—
Increase (Decrease) in accrued expenses	−41	55	88	−5	—
Increase (Decrease) in accrued interest	44	−39	−2	−4	−72,000
Increase (Decrease) in deferred revenue	26	−18	18	3	8
Increase (Decrease) in other long-term liabilities	15	2	−1	818,000	2
Net cash provided by operating activities	93	71	213	420	331
Purchases of property, plant and equipment	−82	−98	−103	−161	−183
Proceeds from disposal of assets	22	3	57	37	37
Proceeds from sale of investment securities	2	102	4	902,000	51
Change in other, net	−8	−7	−9	−6	−6
Net cash provided by (used for) investing activities	−66	508,000	−51	−129	−347
Proceeds from revolving credit facilities	100	0	0	—	—
Payments on revolving credit facilities	−50	0	0	−300	−352
Payments on long term debt	−62	−151	−148	−300	—
Dividends and other payments to noncontrolling interests	−2	−5	−3	−794,000	—
Change in other, net	−1	−2	−1	−5	259,000
Net cash used for financing activities	−15	−158	−152	−306	−352
Effect of exchange rate changes on cash	311,000	−394,000	151,000	−634,000	−292,000
Net increase (decrease) in cash, cash equivalents and restricted cash	11	−87	10	−16	−369
Cash paid during the year for interest	361	427	393	342	328
Cash paid during the year for income taxes, net	16	13	14	35	11

Filings

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