iHeartCommunications, Inc. company info

CIK 739708
IRS Number 741787536
State of incorporation TX
Business address 20880 STONE OAK PARKWAY
None
SAN ANTONIO
TX
78258
Mail address 20880 STONE OAK PARKWAY
None
SAN ANTONIO
TX
78258

Short summary

iHeartCommunications, Inc. is a Texas company, with head office located at 20880 Stone Oak Parkway San Antonio, Texas 78258. In 2017 the company owned a total of 12.26 billion USD worth of assets, including 2.07 billion USD worth of current assets and 278.27 million USD worth of non-current assets. 2010 was the year when the company amassed the most assets.

iHeartCommunications, Inc. Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Selling, General and Administrative Expense 1,520.401,570.211,604.521,673.451,649.861,680.941,704.351,725.901,851.65
Operating Income (Loss) -3,687.15864.841,054.721,070.051,000.781,081.591,149.431,504.64969.94
Interest expense 1,500.871,533.341,466.251,549.021,649.451,741.601,805.501,849.981,865.58
Other Nonoperating Income (Expense) 679.72-13.83-3.170.25-21.98-6.45-2.41-3.22-44.55
Income Tax Expense (Benefit) -493.32-159.98-125.98-308.28-121.8258.4986.96-50.47-457.41
Net income -4,034.09-479.09-302.09-424.48-606.88-793.76-754.62-296.36-393.89

iHeartCommunications, Inc. Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 239.851,504.731,219.161,316.52704.17798.44387.45951.85260.47267.11
Accounts Receivable, Net, Current 1,453.261,371.281,389.141,424.231,434.231,400.601,423.581,508.37
Inventories 21.1623.1126.8723.7824.8322.0722.47
Deferred income taxes 16.6019.205237.80
Property, Plant and Equipment, Gross 4,402.664,623.484,782.844,607.154,365.514,472.434,565.78
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1,381.111,719.821,885.212,202.222,296.972,545.772,681.07
Goodwill 4,210.774,183.164,202.934,203.274,177.774,114.334,080.934,051.08
Other Assets, Noncurrent 813.81792.68639.96301.87297.16225.12271.55278.27
Total assets 16,882.0516,451.8215,296.4814,752.1813,626.9513,341.3712,301.4512,260.43
Current assets 3,025.023,055.872,461.722,612.012,185.842,702.811,973.592,067.35
Non-current assets 771.88816.53533.46289.07215.09227.45278.27
Accounts payable 127.26817.40103.66113.97122.42124.93115.38163.45
Total current liabilities 1,524.061,484.941,202.291,386.381,369.301,970.511,876.3716,354.60
Long-term Debt, Excluding Current Maturities 19,885.0620,391.2920,376.3320,650.0520,371.8020,209.6719,795.435,676.81
Long-term Debt 20,714.8220,412.1420,672.0720,374.5320,784.6720,380.8820,649.18
Deferred income taxes 2,005.471,823.701,532.611,578.101,562.081,545.041,455.09
Common Stock, Value, Issued 0.500.500.500.500.500.50
Retained Earnings (Accumulated Deficit) -9,740.18-10,039.92-10,477.55-11,499.45-12,121.82-12,804.42-13,296.20-13,127.84
Accumulated Other Comprehensive Income (Loss), Net of Tax -179.98-241.85-247.38-201.59-382.71-354.36-331.82-312.56

iHeartCommunications, Inc. Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income -4,034.09-479.09-302.09-424.48-606.88-793.76-754.62-296.36-393.89
Amortization of Intangible Assets 328.30300289263.40237.50222.60197.20
Depreciation and amortization 765.47732.87763.31729.29730.83710.90673.99635.23601.30
Deferred Income Tax Expense (Benefit) -417.19-211.18-143.94-304.61-158.1733.9027.85-98.13-488.22
Accounts receivable -99.23119.867.8434.2429.6113.90121.5714.47149.35
Accounts payable 6.2413.86-2.62
Deferred revenue 2.170.80-10.7833.487.5111.2923.5223.66-26.53
Net Cash Provided by (Used in) Operating Activities 181.18582.37374.86485.13212.87245.12-77.30-13.98-503.74
Payments to Acquire Property, Plant, and Equipment 223.79241.46362.28390.28324.53318.16296.38314.72291.97
Payments to Acquire Productive Assets 16.1121.0014.83
Payments to Acquire Businesses, Net of Cash Acquired -0.8427.590.50
Net Cash Provided by (Used in) Investing Activities -141.75-240.20-368.09-397.02-133.37-88.6830.23510.92-236.07
Proceeds from Issuance of Long-term Debt 500145.641,731.274,917.645752,062.481,172.786.86156
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 34.2520.6728.5416.7210.7110.9213.0912.08
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 34.2520.6728.5416.7210.7110.9213.0912.08
Net Cash Provided by (Used in) Financing Activities 1,604.72-305.24-698.12-95.35-595.88-398.00377.41-418.23151.34
Cash and Cash Equivalents, Period Increase (Decrease) 1,644.1536.93-692.24-3.67-516.86-251.13315.6572.35-577.92