iHeartMedia 2009 Annual Report Download - page 140

Revenue of $1.6 billion, $799.8 million, $1.2 billion, and $1.9 billion derived from the Company’s foreign operations are included in
the data above for the year ended December 31, 2009, the post-merger period from July 31, 2008 through December 31, 2008, the
pre-merger period January 1, 2008 through July 30, 2008, and the pre-merger year ended December 31, 2007, respectively.
Identifiable assets of $2.5 billion, $2.6 billion, $2.9 billion, and $2.9 billion derived from foreign operations are included in the data
above for the year ended December 31, 2009, the post-merger five months ended December 31, 2008, the pre-merger seven months
ended July 30, 2008, and the pre-merger year ended December 31, 2007, respectively.
135
Radio
Broadcasting
Americas
Outdoor
Advertising
International
Outdoor
Advertising
Other
Corporate
and other
reconciling
items
Eliminations Consolidate
d
Pre-Mer
g
er Period from Januar
y
1, 2008 throu
g
h Jul
y
30, 2008
Revenue $ 1,937,980 $ 842,831 $ 1,119,232 $111,990 $
—
$ (60,291) $ 3,951,742
Direct operating expenses 570,234 370,924 748,508 46,490 — (30,057) 1,706,099
Selling, general and
administrative expenses
652,162 138,629 206,217 55,685
—
(30,234) 1,022,459
Depreciation and amortization 62,656 117,009 130,628 28,966 9,530
—
348,789
Corporate expenses
—
—
—
—
125,669
—
125,669
Merger expenses
—
—
—
—
87,684
—
87,684
Other operating income – ne
t
—
—
—
—
14,827
—
14,827
Operating income (loss) $652,928 $216,269 $33,879 $(19,151) $(208,056) $
—
$675,869
Intersegment revenues $23,551 $4,561 $
—
$32,179 $
—
$
—
$60,291
Identifiable assets $11,667,570 $2,876,051 $2,704,889 $558,638 $656,616 $
—
$18,463,764
Capital expenditures
$37,004 $82,672 $ 116,450 $1,609 $2,467 $
—
$ 240,202
Share-based payments $34,386 $5,453 $1,370 $1,166 $20,348 $
—
$62,723
Pre-Mer
g
er Year Ended December 31, 2007
Revenue $3,558,534 $1,485,058 $1,796,778 $207,704 $ — $(126,872) $6,921,202
Direct operating expenses
982,966 590,563 1,144,282 78,513
—
(63,320) 2,733,004
Selling, general and
administrative expenses
1,190,083 226,448 311,546 97,414
—
(63,552) 1,761,939
Depreciation and amortization
107,466 189,853 209,630 43,436 16,242
—
566,627
Corporate expenses
—
—
—
—
181,504
—
181,504
Merger expenses
—
—
—
—
6,762
—
6,762
Other operating income – net — — — — 14,113 — 14,113
Operating income (loss) $ 1,278,019 $ 478,194 $ 131,320 $ (11,659) $ (190,395) $
—
$ 1,685,479
Intersegment revenues $44,666 $13,733 $
—
$68,473 $
—
$
—
$126,872
Identifiable assets
$ 11,732,311 $ 2,878,753 $ 2,606,130 $736,037 $ 345,404 $
—
$ 18,298,635
Capital expenditures $78,523 $142,826 $132,864 $2,418 $6,678 $
—
$363,309
Share-based payments
$22,226 $7,932 $1,701 $
—
$12,192 $
—
$44,051