iHeartMedia 2009 Annual Report Download - page 146
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Please find page 146 of the 2009 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.(a) Clear Channel had a note receivable in the original principal amount of $2.5 billion from Clear Channel Outdoor, Inc. at
December 31, 2008.
(b) Clear Channel was the issuer of substantially all of the Company’s indebtedness as of December 31, 2008.
141
Post-mer
g
er December 31, 2008
(In thousands)
Parent
Company
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Cash and cash equivalents
$ — $ — $ 139,433 $ 100,413 $ — $ 239,846
Accounts receivable, net of allowance
— — 622,255 809,049 — 1,431,304
Intercompany receivables
— 6,609,523 — 431,641 (7,041,164) —
Prepaid expenses
1,472 14,677 46,603 70,465 — 133,217
Other current assets
1,960 178,985 (62,689) 145,565 (1,633) 262,188
Total Current Assets
3,432 6,803,185 745,602 1,557,133 (7,042,797) 2,066,555
Property, plant and equipment, net
— — 959,555 2,588,604 — 3,548,159
Definite-lived intan
g
ibles, net
—
—
1,869,528 1,012,192
—
2,881,720
Indefinite-lived intangibles – licenses
— — 3,019,803 — — 3,019,803
Indefinite-lived intangibles – permits
— — — 1,529,068 — 1,529,068
Goodwill
— — 5,809,000 1,281,621 — 7,090,621
Notes receivable
— — 8,493 3,140 — 11,633
Intercompany notes receivable — 2,712,000 — — (2,712,000) —
Investments in, and advances to, nonconsolidated affiliates — — — 384,137 — 384,137
Investment in subsidiaries
(3,443,136) 7,333,787 3,730,759
—
(7,621,410)
—
Other assets
— 297,694 141,215 145,806 (24,455) 560,260
Other investments
— — 10,089 23,418 — 33,507
Total Assets
$(3,439,704) $17,146,666 $16,294,044 $ 8,525,119 $(17,400,662) $21,125,463
Accounts payable
$ — $ — $ 36,732 $ 118,508 $ — $ 155,240
Accrued ex
p
enses
—
—
295,402 497,964
—
793,366
Accrued interest
— 182,605 — 292 (1,633) 181,264
Intercompany payable
6,616 431,641 6,589,023 13,884 (7,041,164) —
Current portion of long-term debt — 493,395 6 69,522 — 562,923
Deferred income
— — 40,268 112,885 — 153,153
Total Current Liabilities
6,616 1,107,641 6,961,431 813,055 (7,042,797) 1,845,946
Long-term debt — 18,982,760 4,004 32,332 (78,399) 18,940,697
Intercompany long-term debt
— — 212,000 2,500,000 (2,712,000) —
Deferred income taxes
(12,229) 339,189 1,320,322 1,032,030 — 2,679,312
Other lon
g
-term liabilities
—
160,213 236,467 179,059
—
575,739
Total member’s interest (deficit)
(3,434,091) (3,443,137) 7,559,820 3,968,643 (7,567,466) (2,916,231)
Total Liabilities and Member’s Interest
(
Deficit
)
$(3,439,704) $17,146,666 $16,294,044 $8,525,119 $(17,400,662) $21,125,463
(a)
(b)
(b)