iHeartMedia 2005 Annual Report Download - page 89

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89
(In thousands)
Radio
Broadcasting
Americas
Outdoor
Advertising
International
Outdoor
Advertising
Other
Corporate and
gain on
disposition of
assets - net
Eliminations
Consolidated
2004
Revenue $ 3,754,381 $ 1,092,089 $ 1,354,951 $ 548,641 $ $ (115,172) $ 6,634,890
Direct operating expenses 900,633 468,571 793,630 215,898 (47,915) 2,330,817
Selling, general and
administrative expenses
1,261,855
173,010
326,447
217,733
—
(67,257)
1,911,788
Non-cash compensation 930 — 2,666 3,596
Depreciation and amortization 159,082 186,620 201,597 62,514 20,708 630,521
Corporate expenses — — — — 164,722 — 164,722
Gain on disposition of assets -
net
—
—
—
—
39,552
—
39,552
Operating income (loss) $ 1,431,881 $ 263,888 $ 33,277 $ 52,496 $ (148,544) $ — $ 1,632,998
Intersegment revenues $ 39,139 $ 10,510 $ — $ 65,523 $ $ $ 115,172
Identifiable assets $ 12,313,335 $ 2,475,299 $ 2,223,917 $ 1,232,053 $ 321,390 $ $ 18,565,994
Capital expenditures $ 81,474 $ 60,506 $ 112,791 $ 26,550 $ 2,603 $ $ 283,924
2003
Revenue $ 3,695,020 $ 1,006,376 $ 1,168,221 $ 501,519 $ $ (120,206) $ 6,250,930
Direct operating expenses 852,195 435,075 698,311 205,185 (49,603) 2,141,163
Selling, general and
administrative expenses
1,277,859
161,579
295,314
206,012
(70,603)
1,870,161
Non-cash compensation 1,609 2,107 3,716
Depreciation and amortization 154,121 194,237 185,403 52,046 22,724 608,531
Corporate expenses — — — — 150,407 — 150,407
Gain on disposition of assets -
net
—
—
—
—
6,688
—
6,688
Operating income (loss) $ 1,409,236 $ 215,485 $ (10,807) $ 38,276 $ (168,550) $ — $ 1,483,640
Intersegment revenues $ 41,392 $ 15,509 $ — $ 63,305 $ $ $ 120,206
Identifiable assets $ 19,686,072 $ 2,713,606 $ 2,159,503 $ 2,055,521 $ 316,646 $ $ 26,931,348
Capital expenditures $ 80,138 $ 60,685 $ 138,836 $ 26,211 $ 2,277 $ $ 308,147
Revenue of $1.5 billion, $1.4 billion and $1.2 billion and identifiable assets of $2.2 billion, $2.3 billion and $2.2 billion
derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2005,
2004 and 2003, respectively.