iHeartMedia 2005 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2005 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 121

  • 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

54
CONSOLIDATED BALANCE SHEETS
ASSETS
(In thousands)
December 31,
2005 2004
CURRENT ASSETS
Cash and cash equivalents
$ 82,786 $ 31,339
Accounts receivable, net of allowance of $47,061 in 2005 and
$47,400 in 2004 1,505,650 1,502,627
Prepaid expenses 114,452 129,842
Other current assets
128,409 139,376
Income taxes receivable 417,112 ―
Current assets from discontinued operations ― 466,738
Total Current Assets 2,248,409 2,269,922
PROPERTY, PLANT
AND EQUIPMENT
Land, buildings and improvements 863,133 859,835
Structures 3,327,326 3,110,233
Towers, transmitters and studio equipment 881,070 845,295
Furniture and other equipment 599,296 624,069
Construction in progress
91,789 80,389
5,762,614 5,519,821
Less accumulated depreciation
2,506,965 2,191,656
3,255,649 3,328,165
Property, plant and equipment from discontinued operations, net ― 796,109
INTANGIBLE ASSETS
Definite-lived intangibles, net 480,790 614,824
Indefinite-lived intangibles – licenses 4,312,570 4,323,297
Indefinite-lived intangibles – permits 207,921 211,690
Goodwill 7,111,948 7,186,015
Intangible assets from discontinued operations, net ― 49,268
OTHER ASSETS
Notes receivable 8,745 9,691
Investments in, and advances to, nonconsolidated affiliates 300,223 368,369
Other assets 452,540 327,145
Other investments
324,581 387,589
Other assets from discontinued operations
― 55,865
Total Assets
$ 18,703,376 $ 19,927,949
See Notes to Consolidated Financial Statements