iHeartMedia 2002 Annual Report Download - page 66
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LIABILITIES AND SHAREHOLDERS’EQUITY
(In thousands, except share data)
See Notes to Consolidated Financial Statements
60
December 31,
2002 2001
CURRENT LIABILITIES
Accounts payable $ 345,093 $ 292,539
Accrued interest 71,335 85,842
Accrued expenses 894,166 837,129
Current portion of long-term debt 1,396,532 1,515,221
Deferred income 277,042 201,139
Other current liabilities 26,471 27,987
Total Current Liabilities 3,010,639 2,959,857
Long-term debt 7,382,090 7,967,713
Deferred income taxes 2,470,458 6,512,217
Other long-term liabilities 552,801 374,307
Minority interest 46,073 52,985
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
613,402,780 and 598,270,433 shares in 2002 and 2001, respectively 61,340 59,827
Additional paid-in capital 30,868,725 30,320,916
Common stock warrants —12,373
Retained defici
t
(16,652,789)(599,086)
Accumulated other comprehensive loss (47,798) (34,470)
Other (3,131)(8,218)
Cost of shares (302,214 in 2002 and 279,700 in 2001) held in treasury (16,255) (15,279)
Total Shareholders’Equity 14,210,092 29,736,063
Total Liabilities and Shareholders’Equity $ 27,672,153 $47,603,142