2022 Q1 Form 10-Q Financial Statement

#000140089122000023 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $843.5M $1.062B $706.7M
YoY Change 19.36% 13.52% -9.48%
Cost Of Revenue $330.5M $385.6M $292.8M
YoY Change 12.88% 15.13% -2.92%
Gross Profit $512.9M $676.5M $413.9M
YoY Change 23.93% 12.63% -13.59%
Gross Profit Margin 60.81% 63.7% 58.57%
Selling, General & Admin $384.3M $414.3M $342.3M
YoY Change 12.27% 26.64% -12.63%
% of Gross Profit 74.93% 61.25% 82.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.1M $126.0M $107.4M
YoY Change 6.23% 21.82% 10.95%
% of Gross Profit 22.24% 18.63% 25.94%
Operating Expenses $698.2M $545.1M $604.4M
YoY Change 15.52% 66.63% -5.6%
Operating Profit $12.34M $131.3M -$76.36M
YoY Change -116.15% 16.37% -95.59%
Interest Expense -$79.22M -$75.74M -$85.12M
YoY Change -6.93% -12.06% -5.51%
% of Operating Profit -642.23% -57.68%
Other Income/Expense, Net -$270.0K -$4.125M -$807.0K
YoY Change -66.54% -262.15% -89.73%
Pretax Income -$68.95M $43.11M -$162.1M
YoY Change -57.47% 49.68% -91.19%
Income Tax -$20.21M -$68.85M $79.94M
% Of Pretax Income -159.71%
Net Earnings -$48.58M $111.6M -$241.7M
YoY Change -79.9% 3120.72% -85.69%
Net Earnings / Revenue -5.76% 10.51% -34.21%
Basic Earnings Per Share -$0.33 -$1.65
Diluted Earnings Per Share -$0.33 $691.1K -$1.65
COMMON SHARES
Basic Shares Outstanding 147.5M shares 146.2M shares
Diluted Shares Outstanding 147.5M shares 146.2M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $279.7M $352.1M $529.0M
YoY Change -47.13% -51.16% -18.24%
Cash & Equivalents $279.7M $352.1M $529.1M
Short-Term Investments
Other Short-Term Assets $43.12M $24.43M $33.78M
YoY Change 27.67% 40.2% -22.21%
Inventory $3.154M
Prepaid Expenses $86.19M $65.93M $99.07M
Receivables $906.9M $1.030B $704.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.316B $1.473B $1.366B
YoY Change -3.67% -9.02% -10.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.476B $1.524B $1.607B
YoY Change -8.14% -6.99% 92.14%
Goodwill $2.313B $2.314B $2.313B
YoY Change 0.01% 7.81% 10.09%
Intangibles
YoY Change
Long-Term Investments $10.62M
YoY Change -4.05%
Other Assets $139.9M $126.7M $112.1M
YoY Change 24.75% 19.97% 14.32%
Total Long-Term Assets $7.311B $7.408B $7.685B
YoY Change -4.86% -2.31% -1.31%
TOTAL ASSETS
Total Short-Term Assets $1.316B $1.473B $1.366B
Total Long-Term Assets $7.311B $7.408B $7.685B
Total Assets $8.627B $8.881B $9.051B
YoY Change -4.68% -3.5% -2.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.9M $206.0M $157.0M
YoY Change -0.1% 37.95% 32.65%
Accrued Expenses $221.1M $353.0M $249.2M
YoY Change -11.27% 32.9% 32.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $719.0K $673.0K $28.63M
YoY Change -97.49% -98.06% -4.47%
Total Short-Term Liabilities $687.8M $849.4M $733.5M
YoY Change -6.22% 18.34% 13.57%
LONG-TERM LIABILITIES
Long-Term Debt $5.739B $5.738B $5.976B
YoY Change -3.96% -4.08% 0.89%
Other Long-Term Liabilities $66.15M $80.90M $71.29M
YoY Change -7.21% 13.59% 27.17%
Total Long-Term Liabilities $5.806B $5.819B $6.048B
YoY Change -4.0% -3.87% 1.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $687.8M $849.4M $733.5M
Total Long-Term Liabilities $5.806B $5.819B $6.048B
Total Liabilities $6.493B $6.669B $6.781B
YoY Change -4.24% -1.52% 2.35%
SHAREHOLDERS EQUITY
Retained Earnings -$2.011B -$1.963B -$2.045B
YoY Change -1.66% 8.83% 29.64%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.798M $6.282M $3.302M
YoY Change 105.88% 96.37% 52.52%
Treasury Stock Shares 415.0K shares 389.8K shares
Shareholders Equity $864.0M $907.4M $806.0M
YoY Change
Total Liabilities & Shareholders Equity $8.627B $8.881B $9.051B
YoY Change -4.68% -3.5% -2.8%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$48.58M $111.6M -$241.7M
YoY Change -79.9% 3120.72% -85.69%
Depreciation, Depletion And Amortization $114.1M $126.0M $107.4M
YoY Change 6.23% 21.82% 10.95%
Cash From Operating Activities -$52.21M $134.0M $71.73M
YoY Change -172.79% 68.11% -21.64%
INVESTING ACTIVITIES
Capital Expenditures $22.56M -$82.04M $18.95M
YoY Change 19.03% 207.25% -12.53%
Acquisitions $0.00 $230.8M
YoY Change -100.0%
Other Investing Activities $3.142M -$4.855M $130.0K
YoY Change 2316.92% -90.29% -98.72%
Cash From Investing Activities -$19.69M -$86.89M -$249.3M
YoY Change -92.1% 13.44% 684.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$461.0K -64.01M -$13.81M
YoY Change -96.66% 764.95% -107.37%
NET CHANGE
Cash From Operating Activities -$52.21M 134.0M $71.73M
Cash From Investing Activities -$19.69M -86.89M -$249.3M
Cash From Financing Activities -$461.0K -64.01M -$13.81M
Net Change In Cash -$72.45M -16.92M -$191.5M
YoY Change -62.17% 293.44% -177.7%
FREE CASH FLOW
Cash From Operating Activities -$52.21M $134.0M $71.73M
Capital Expenditures $22.56M -$82.04M $18.95M
Free Cash Flow -$74.77M $216.0M $52.78M
YoY Change -241.67% 103.02% -24.47%

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CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-216000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
813951000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-48739000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-242056000 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1334000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
37744000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
114051000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
107363000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
78346000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2111000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5846000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1439000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1519000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5535000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5685000 USD
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-584000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-952000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-1765000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
191000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-29000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-28000 USD
CY2022Q1 ihrt Barterand Trade Income
BarterandTradeIncome
7021000 USD
CY2021Q1 ihrt Barterand Trade Income
BarterandTradeIncome
2244000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-242000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-260000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-121339000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-113170000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
39983000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
35647000 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2610000 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
3317000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-49129000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7423000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-151853000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-9521000 USD
CY2022Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1829000 USD
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1789000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
19602000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
18881000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1051000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-544000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-52212000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
71728000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
230816000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22557000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18950000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6009000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
572000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3142000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
130000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19690000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-249324000 USD
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
168000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13547000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-293000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-461000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13811000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-264000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-83000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-122000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-72446000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-191529000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352554000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
721187000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280108000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
529658000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
76104000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
82833000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1123000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
352129000 USD
CY2020 ihrt Employer Social Security Payments Deferred Payment Cares Act
EmployerSocialSecurityPaymentsDeferredPaymentCARESAct
29300000 USD
CY2020Q1 ihrt Refundable Payroll Tax Credit Cares Act
RefundablePayrollTaxCreditCARESAct
12400000 USD
CY2020 ihrt Refundable Payroll Tax Credit Received During Period Cares Act
RefundablePayrollTaxCreditReceivedDuringPeriodCARESAct
700000 USD
CY2021 ihrt Refundable Payroll Tax Credit Received During Period Cares Act
RefundablePayrollTaxCreditReceivedDuringPeriodCARESAct
3800000 USD
CY2022Q1 ihrt Refundable Payroll Tax Credit Received During Period Cares Act
RefundablePayrollTaxCreditReceivedDuringPeriodCARESAct
7900000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
279700000 USD
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Certain prior period amounts have been reclassified to conform to the 2022 presentation.</span></div>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
279683000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
843168000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
425000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
425000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
280108000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352554000 USD
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
290000 USD
CY2022Q1 us-gaap Revenues
Revenues
843458000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
706182000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
483000 USD
CY2021Q1 us-gaap Revenues
Revenues
706665000 USD
CY2021Q4 ihrt Contract With Customer Liability Excluding Leases
ContractWithCustomerLiabilityExcludingLeases
161114000 USD
CY2020Q4 ihrt Contract With Customer Liability Excluding Leases
ContractWithCustomerLiabilityExcludingLeases
145493000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
60389000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39531000 USD
CY2022Q1 ihrt Contract With Customer Liability Additions During Period
ContractWithCustomerLiabilityAdditionsDuringPeriod
83331000 USD
CY2021Q1 ihrt Contract With Customer Liability Additions During Period
ContractWithCustomerLiabilityAdditionsDuringPeriod
59379000 USD
CY2022Q1 ihrt Contract With Customer Liability Excluding Leases
ContractWithCustomerLiabilityExcludingLeases
184056000 USD
CY2021Q1 ihrt Contract With Customer Liability Excluding Leases
ContractWithCustomerLiabilityExcludingLeases
165341000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
395100000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P5Y
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
750000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
789000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
610000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
426000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
328000 USD
CY2022Q1 ihrt Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
1528000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4431000 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1300000 USD
CY2022Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1200000 USD
CY2022Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
100000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
37700000 USD
CY2021Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
28800000 USD
CY2021Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
8900000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
43265000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
29951000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7586000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8276000 USD
CY2022Q1 ihrt Operating Lease Noncash Expense
OperatingLeaseNoncashExpense
23400000 USD
CY2021Q1 ihrt Operating Lease Noncash Expense
OperatingLeaseNoncashExpense
24800000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1174454000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1158039000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
425313000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
375946000 USD
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
749141000 USD
CY2021Q4 ihrt Fcc Petitions For Declaratory Ruling Percentage Of Voting Stock And Equity Owned By Non Us Individuals And Entities
FCCPetitionsForDeclaratoryRulingPercentageOfVotingStockAndEquityOwnedByNonUSIndividualsAndEntities
1
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
782093000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2338958000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
735445000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2338958000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
672358000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63100000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66300000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
244387000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
243194000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
212001000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
200251000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
176171000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
2145935000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
169298000 USD
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1446000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-206000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
2313581000 USD
CY2022Q1 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
15000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-75000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
2313491000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12745000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
13454000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17641000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18370000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
5740140000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
5738868000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
719000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
673000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5739421000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5738195000 USD
CY2022Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.055
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.054
CY2022Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
5800000000 USD
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
5900000000 USD
CY2021Q4 ihrt Fcc Petitions For Declaratory Ruling Percentage Of Voting Equity Without Prior Approval
FCCPetitionsForDeclaratoryRulingPercentageOfVotingEquityWithoutPriorApproval
0.05
CY2021Q4 ihrt Fcc Petitions For Declaratory Ruling Percentage Of Investors Noncontrolling Amount
FCCPetitionsForDeclaratoryRulingPercentageOfInvestorsNoncontrollingAmount
0.1499
CY2022Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3579000 USD
CY2021Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1589000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-23788000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
78346000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-20209000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79935000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.293
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.493
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2100000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
148125959 shares
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-48582000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-241723000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147513000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146214000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
147513000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146214000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.65
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.65
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10700000 shares
CY2022Q1 us-gaap Revenues
Revenues
843458000 USD
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
698240000 USD
CY2022Q1 ihrt Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
145218000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
114051000 USD
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1334000 USD
CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-870000 USD
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
11093000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5535000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12335000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22557000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5535000 USD
CY2021Q1 us-gaap Revenues
Revenues
706665000 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
604418000 USD
CY2021Q1 ihrt Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
102247000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
107363000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
37744000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2771000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
25040000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5685000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-76356000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18950000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5685000 USD

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