iHeartMedia 2004 Annual Report Download - page 60

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LIABILITIES AND SHAREHOLDERS’ EQUITY
(In thousands, except share data)
See Notes to Consolidated Financial Statements
57
December 31,
2004 2003
CURRENT LIABILITIES
Accounts payable and accrued expenses $ 1,295,106 $ 1,309,697
Accrued interest 95,525 93,848
Accrued income taxes 34,683 1,079
Current portion of long-term debt 417,275 143,664
Deferred income 317,682 318,759
Other current liabilities 24,281 25,672
Total Current Liabilities 2,184,552 1,892,719
Long-term debt 6,962,560 6,921,348
Other long-term obligations 283,937 153,311
Deferred income taxes 237,827 3,049,337
Other long-term liabilities 703,766 723,676
Minority interest 67,229 58,363
Commitment and contingent liabilities (Note H)
SHAREHOLDERS’ EQUITY
Preferred Stock – Class A, par value $1.00 per share, authorized 2,000,000 shares, no shares issued and
outstanding
Preferred Stock, – Class B, par value $1.00 per share, authorized 8,000,000 shares, no shares issued and
outstanding
Common Stock, par value $.10 per share, authorized 1,500,000,000 shares, issued 567,572,736 and 616,321,231
shares in 2004 and 2003, respectively 56,757 61,632
Additional paid-in capital 29,183,595 30,950,820
Retained defici
t
(19,933,777) (15,630,387)
Accumulated other comprehensive income 194,590 194,406
Other (213) (1,293)
Cost of shares (307,973 in 2004 and 427,971 in 2003) held in treasury (12,874)(21,239)
Total Shareholders’ E
q
uit
y
9,488,078 15,553,939
Total Liabilities and Shareholders’ E
q
uit
y
$19,927,949 $28,352,693