iHeartMedia 2009 Annual Report Download - page 149
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Pre-merger
Period from January 1 through July 30, 2008
(In thousands)
Parent
Company
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Eliminations
Consolidate
d
Revenue
$
—
$
—
$1,978,039
$1,978,264
$(4,561)
$3,951,742
Operating expenses:
Direct operating expenses
—
—
579,094
1,127,005
—
1,706,099
Selling, general and
administrative expenses
—
—
675,333
351,687
(4,561)
1,022,459
Depreciation and amortization
—
—
100,675
248,114
—
348,789
Corporate expenses
—
275
86,030
39,364
—
125,669
Merger expenses
—
87,684
—
—
—
87,684
Other operating income – ne
t
—
—
3,849
10,978
—
14,827
Operating income (loss)
—
(87,959)
540,756
223,072
—
675,869
Interest (income) expense, net
—
(132,888)
257,445
88,653
—
213,210
Gain on marketable securities
—
—
34,262
—
—
34,262
Equity in earnings (loss) of
nonconsolidated affiliates
—
744,920
185,444
94,215
(930,364)
94,215
Other income (expense) – ne
t
—
(28)
(17,576)
12,492
—
(5,112)
Income before income taxes and
discontinued operations
—
789,821
485,441
241,126
(930,364)
586,024
Income tax benefit (expense)
—
246,704
(358,541)
(60,746)
—
(172,583)
Income (loss) before discontinued
operations
—
1,036,525
126,900
180,380
(930,364)
413,441
Income (loss) from discontinued
operations, net
—
—
637,120
3,116
—
640,236
Consolidated net income (loss)
—
1,036,525
764,020
183,496
(930,364)
1,053,677
Amount attributable to
noncontrolling interest
—
—
19,100
(1,948)
—
17,152
Net income (loss) attributable to
the Company
$
—
$1,036,525
$ 744,920
$ 185,444
$ (930,364)
$ 1,036,525