iHeartMedia 2002 Annual Report Download - page 101
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NOTE L –OTHER INFORMATION
(In thousands)
(In thousands)
93
For the
y
ear ended December 31,
2002 2001 2000
The following details the components of “Other income (expense)
–
ne
t
”:
Reimbursement of capital cos
t
$ (6,008) $ (9,007) $ (14,370)
Gain (loss) on disposal of fixed assets (2,384)(1,087)1,901
Gain on sale of operating assets 43,617 167,317 —
Gain on sale of representation contracts 14,836 13,463 2,997
Software maintenance –third party —(14,071) —
Minority interest (1,033)(6,289)(4,059)
Gain on extinguishment of deb
t
11,980 ——
Other (3,578)1,941 1,767
Total other income (expense) –ne
t
$ 57,430 $152,267 $ (11,764)
The following details the income tax expense (benefit) on items of other
comprehensive income (loss):
Foreign currency translation adjustments $ 25,096 $ (3,101) $ (4,270)
Unrealized gain (loss) on securities:
Unrealized holding gain (loss) $(62,182) $ (75,280) $(104,264)
Reclassification adjustment for gains on securities transferred to
trading $ — $ (24,400) $ —
Reclassification adjustment for gains on shares held prior to
merger $ (2,441) $ —$ (19,668)
Reclassification adjustments for (gain) loss included in net income
(loss) $6,355 $102,725 $3,919
As of December 31,
2002 2001
The following details the components of “Other current assets”:
Current film rights $ 24,878 $ 20,451
Inventory 25,603 45,004
Other 114,355 77,941
Total other current assets $164,836 $143,396
The following details the components of “Accrued expenses”:
Acquisition accruals $155,648 $225,018
Accrued liabilities —other 738,518 612,111
Total accrued expenses $894,166 $837,129