iHeartMedia 2007 Annual Report Download - page 62

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CONSOLIDATED BALANCE SHEETS
ASSETS
(In thousands)
See Notes to Consolidated Financial Statements
61
December 31, December 31,
2007 2006
CURRENT ASSETS
Cash and cash equivalents $ 145,148 $ 116,000
Accounts receivable, net of allowance of $59,169 in 2007 and $56,068 in 2006 1,693,218 1,619,858
Prepaid expenses 116,902 122,000
Other current assets 243,248 244,103
Income taxes receivable
—
7,392
Current assets from discontinued operations 96,067 96,377
Total Current Assets 2,294,583 2,205,730
PROPERTY, PLANT AND EQUIPMENT
Land, buildings and improvements 815,277 765,306
Structures 3,901,941 3,601,653
Towers, transmitters and studio equipmen
t
552,372 580,322
Furniture and other equipment 520,204 523,489
Construction in progress 118,879 89,772
5,908,673 5,560,542
Less accumulated depreciation 2,905,493 2,600,072
3,003,180 2,960,470
Property, plant and equipment from discontinued operations, net 211,908 275,740
INTANGIBLE ASSETS
Definite-lived intangibles, net 485,870 522,482
Indefinite-lived intangibles — licenses 4,186,720 4,196,789
Indefinite-lived intangibles — permits 251,988 260,950
Goodwill 7,046,881 7,071,935
Intangible assets from discontinued operations, net 397,854 554,172
OTHER ASSETS
Notes receivable 12,388 6,318
Investments in, and advances to, nonconsolidated affiliates 346,387 311,258
Other assets 303,791 249,524
Other investments 237,598 244,980
Other assets from discontinued operations 26,380 26,590
Total Assets $18,805,528 $18,886,938