iHeartMedia 2003 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2003 iHeartMedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 179

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179

LIABILITIES AND SHAREHOLDERS’ EQUITY
(In thousands, except share data)
See Notes to Consolidated Financial Statements
57
December 31,
2003 2002
CURRENT LIABILITIES
Accounts payable $ 402,289 $ 345,093
Accrued interest 93,848 71,335
Accrued expenses 941,263 894,166
Current portion of long-term debt 143,664 1,396,532
Deferred income 284,904 277,042
Other current liabilities 26,751 26,471
Total Current Liabilities 1,892,719 3,010,639
Long-term debt 6,921,348 7,382,090
Other long-term obligations 153,311 64,114
Deferred income taxes 3,049,337 2,470,458
Other long-term liabilities 723,676 488,687
Minority interest 58,363 46,073
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
616,321,231 and 613,402,780 shares in 2003 and 2002, respectively 61,632 61,340
Additional paid-in capital 30,950,820 30,868,725
Retained defici
t
(15,630,387)(16,652,789)
Accumulated other comprehensive loss 194,406 (47,798)
Other (1,293)(3,131)
Cost of shares (427,971 in 2003 and 302,214 in 2002) held in treasury (21,239) (16,255)
Total Shareholders’ E
q
uit
y
15,553,939 14,210,092
Total Liabilities and Shareholders’ E
q
uit
y
$ 28,352,693 $ 27,672,153