iHeartMedia 2009 Annual Report Download - page 149

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144
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