iHeartMedia 2006 Annual Report Download - page 101
Download and view the complete annual report
Please find page 101 of the 2006 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.-
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
 |
 |
101
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Deferred Tax Asset Valuation Allowance
(In thousands)
Charges
Balance at to Costs, Balance
Beginning Expenses at end of
Description of period and other Deletions (2) Other (1) Period
Year ended
December 31,
2004 $ 60,672 $ — $ 60,672 $ — $ —
Year ended
December 31,
2005 $ — $ — $ — $ 571,154 $ 571,154
Year ended
December 31,
2006 $ 571,154 $ — $ — $ (17,756) $ 553,398
(1) Related to a valuation allowance for the capital loss carryforward recognized during 2005 as a result of the spin-
off of Live Nation. During 2006 the amount of capital loss carryforward and the related valuation allowance
was adjusted to the final amount reported on our 2005 filed tax return.
(2) In 2004, the Company utilized net operating loss carryforwards and certain deferred tax assets, which resulted in
the reduction of the allowance for those net operating loss carryforwards and other assets.