iHeartMedia 2010 Annual Report Download - page 122
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Please find page 122 of the 2010 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.CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
113
Post-merger Year Ended December 31, 2009
(In thousands)
Parent
Company
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Revenue
$— $— $ 2,831,773 $ 2,723,840 $ (3,704) $ 5,551,909
Operating expenses:
Direct o
p
eratin
g
ex
p
enses
—
—
953,870 1,630,330 (937) 2,583,263
Sellin
g
,
g
eneral and administrative ex
p
enses
—
—
967,683 501,677 (2,767) 1,466,593
Corporate expenses
14,690 15 174,012 65,247 — 253,964
Depreciation and amortization
— — 324,204 441,270 — 765,474
Merger expenses
— — — — — —
Impairment charges
— — 3,223,941 894,983 — 4,118,924
Other operating expense – net
— — (42,606) (8,231) — (50,837)
Operating loss
(14,690) (15) (2,854,543) (817,898) — (3,687,146)
Interest expense, net
20 1,371,161 20,218 83,846 25,621 1,500,866
Loss on marketable securities
— — (273) (13,098) — (13,371)
Equity in earnings (loss) of nonconsolidated affiliates (4,367,740) (3,770,825) (872,212) (20,622) 9,010,710 (20,689)
Other income (ex
p
ense) – net
—
407,748 (10,642) (85,981) 368,591 679,716
Income before income taxes
(4,382,450) (4,734,253) (3,757,888) (1,021,445) 9,353,680 (4,542,356)
Income tax benefit (expense)
5,394 366,513 (25,702) 147,115 — 493,320
Consolidated net income (loss)
(4,377,056) (4,367,740) (3,783,590) (874,330) 9,353,680 (4,049,036)
Less amount attributable to noncontrolling interest — — (10,604) (4,346) — (14,950)
Net income (loss) attributable to the Com
p
an
y
$(4,377,056) $(4,367,740) $(3,772,986) $ (869,984) $ 9,353,680 $ (4,034,086)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments
— — 6,457 144,965 — 151,422
Unrealized gain (loss) on securities and derivatives:
Unrealized holdin
g
g
ain (loss) on marketable securities
—
—
11,649 (9,971)
—
1,678
Unrealized holding loss on cash flow derivatives — (74,100) — — — (74,100)
Reclassification adjustment
— — (4,692) 14,700 — 10,008
Equity in subsidiary comprehensive income (loss) 68,220 142,322 141,644 — (352,186) —
Com
p
rehensive income (loss)
(4,308,836) (4,299,518) (3,617,928) (720,290) 9,001,494 (3,945,078)
Less amount attributable to noncontrolling interest — — 12,738 8,050 — 20,788
Comprehensive income (loss) attributable to the Company $(4,308,836) $(4,299,518) $(3,630,666) $ (728,340) $ 9,001,494 $(3,965,866)