iHeartMedia 2001 Annual Report Download - page 98

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98
(In thousands)
Radio
Broadcasting
Outdoor
Advertising
Live
Entertainment
Other
Corporate
Eliminations
Consolidated
2000
Revenue $ 2,431,544 $ 1,729,438 $ 952,025 $ 314,559 $ $ (82,260) $ 5,345,306
Divisional operating expenses 1,385,848 1,078,540 878,553 220,025 (82,260) 3,480,706
Non-cash compensation 4,359   11,673 16,032
Depreciation 84,345 228,630 25,269 18,809 10,587
367,640
Amortization 714,723 208,719 92,482 17,499 1,033,423
Corporate expenses — — — — 142,627 — 142,627
Operating income (loss) $ 242,269 $ 213,549 $ (44,279) $ 58,226 $ (164,887)$ —$ 304,878
Identifiable assets $34,003,430 $ 7,683,182 $ 5,238,690 $ 1,282,194 $ 1,848,965 $ $50,056,461
Capital expenditures $ 139,923 $ 250,271 $ 46,707 $ 34,469 $ 24,181
$ $ 495,551
1999
Revenue $ 1,230,754 $ 1,253,732 $ $ 199,532 $ $ (5,858) $ 2,678,160
Divisional operating expenses 731,062 785,636 121,275 (5,858) 1,632,115
Non-cash compensation      
Depreciation 47,123 201,083 13,142 1,894 263,242
Amortization 279,440 171,215 8,336 458,991
Corporate expenses — — — — 70,146 — 70,146
Operating income (loss) $ 173,129 $ 95,798 $ — $ 56,779 $ (72,040)$ —$ 253,666
Identifiable assets $ 9,571,687 $ 5,978,562 $ $ 1,213,048 $ 58,215 $ $16,821,512
Capital expenditures $ 58,346 $ 154,133 $ $ 22,778 $ 3,481
$ $ 238,738
Revenue of $1.3 billion, $1.0 billion and $567.2 million and identifiable assets of $2.9 billion, $2.7
billion and $1.3 billion derived from the Company’s foreign operations are included in the data above for
the years ended December 31, 2001, 2000 and 1999, respectively.