iHeartMedia 2006 Annual Report Download - page 57
Download and view the complete annual report
Please find page 57 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.57
LIABILITIES AND SHAREHOLDERS’ EQUITY
(In thousands, except share data)
December 31,
2006 2005
CURRENT LIABILITIES
Accounts payable
$ 156,921 $ 250,563
Accrued expenses 893,045 731,105
Accrued interest 112,049 97,515
Current portion of long-term debt 336,375 891,185
Deferred income 143,691 116,670
Other current liabilities
21,765 20,275
Total Current Liabilities 1,663,846 2,107,313
Long-term debt 7,326,700 6,155,363
Other long-term obligations 68,509 119,655
Deferred income taxes 740,818 533,631
Other long-term liabilities 698,574 670,590
Minority interest 349,391 290,362
Commitments and contingent liabilities (Note I)
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 493,982,851 and 538,287,763
shares in 2006 and 2005, respectively 49,399 53,829
Additional paid-in capital 26,745,687 27,945,725
Retained deficit (19,054,365) (19,371,411)
Accumulated other comprehensive income 304,975 201,928
Cost of shares (114,449 in 2006 and 113,890 in 2005) held in
treasury
(3,355) (3,609)
Total Shareholders' Equity 8,042,341 8,826,462
Total Liabilities and Shareholders' Equity $ 18,890,179 $ 18,703,376
See Notes to Consolidated Financial Statements