iHeartMedia 2002 Annual Report Download - page 65

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CONSOLIDATED BALANCE SHEETS
ASSETS
(In thousands)
See Notes to Consolidated Financial Statements
59
December 31,
2002 2001
CURRENT ASSETS
Cash and cash equivalents $ 170,086 $ 154,744
Restricted cash
—
4,600
Accounts receivable, less allowance of $67,338 in 2002 and $61,070 in 2001 1,584,995 1,475,276
Prepaid expenses 203,578 163,283
Other current assets 164,836 143,396
Total Current Assets 2,123,495 1,941,299
PROPERTY, PLANT
AND EQUIPMENT
Land, buildings and improvements 1,519,845 1,388,332
Structures and site leases 2,581,414 2,210,309
Towers, transmitters and studio equipmen
t
743,463 634,532
Furniture and other equipment 629,264 556,977
Construction in progress 227,853 191,048
5,701,839 4,981,198
Less accumulated depreciation 1,459,027 1,024,449
4,242,812 3,956,749
INTANGIBLE ASSETS
Definite-lived intangibles, net 761,728 814,306
Indefinite-lived intangibles –licenses 11,738,947 21,116,280
Indefinite-lived intangibles –other 389,801 155,593
Goodwill 7,241,231 18,267,306
OTHER ASSETS
Notes receivable 21,658 45,856
Investments in, and advances to, nonconsolidated affiliates 542,214 502,185
Other assets 520,423 449,227
Other investments 89,844 354,341
Total Assets $27,672,153 $47,603,142