iHeartMedia 2001 Annual Report Download - page 65

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65
LIABILITIES AND SHAREHOLDERS’ EQUITY
(In thousands, except share data)
December 31,
2001 2000
CURRENT LIABILITIES
Accounts payable $ 319,280 $ 383,588
Accrued interest 85,842 105,581
Accrued expenses 776,968 886,904
Accrued income taxes 10,097 445,499
Current portion of long-term debt 1,515,221 67,736
Deferred income 234,559 218,670
Other current liabilities 17,890 20,572
Total Current Liabilities 2,959,857 2,128,550
Long-term debt 7,967,713 10,597,082
Deferred income taxes 6,512,217 6,771,198
Other long-term liabilities 374,307 150,713
Minority interest 52,985 61,745
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
598,270,433 and 585,766,166 shares
in 2001 and 2000, respectively 59,827 58,577
Additional paid-in capital 30,320,916 29,558,908
Common stock warrants 12,373 249,312
Retained earnings (deficit) (599,086) 544,940
Accumulated other comprehensive income (loss) (34,470) (32,433)
Other (8,218) (26,298)
Cost of shares (279,700 in 2001 and 115,557
in 2000) held in treasury (15,279) (5,833)
Total Shareholders' Equity 29,736,063 30,347,173
Total Liabilities and Shareholders' Equity $47,603,142 $50,056,461
See Notes to Consolidated Financial Statements