iHeartMedia 2010 Annual Report Download - page 129
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Please find page 129 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)
120
Post-merger Period from July 31 through December 31, 2008
(In thousands) Parent Subsidiary Guarantor Non-Guarantor
Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated
Cash flows provided by (used for) operating activities:
Consolidated net income (loss)
$(5,095,942) $ (5,093,258) $(4,677,461) $ (3,006,202) $ 12,830,384 $ (5,042,479)
Less: Income (loss) from discontinued o
p
erations, net —
—
(1,845)
—
— (1,845)
Net income (loss) from continuing operations
(5,095,942) (5,093,258) (4,675,616) (3,006,202) 12,830,384 (5,040,634)
Reconciling items:
Impairment charges
— — 2,051,209 3,217,649 — 5,268,858
De
p
reciation and amortization
—
—
122,807 225,234 — 348,041
Deferred taxes
397 (71,627) (278,330) (270,334) — (619,894)
Provision for doubtful accounts
— — 30,363 24,240 — 54,603
Amortization of deferred financing charges and note
discounts, net
— 104,687 (1,288) — (540) 102,859
Share-based compensation
— — 11,728 4,183 — 15,911
Gain on sale of operating assets
— — (8,335) (4,870) — (13,205)
Loss on securities
—
—
56,710 59,842 — 116,552
Equity in (earnings) loss of nonconsolidated affiliates 5,093,258 4,675,297 3,007,885 (5,804) (12,776,440) (5,804)
Gain on debt extinguishment
— (60,690) (2,538) — (53,449) (116,677)
Other reconciling items - net
— — 1,590 10,499 — 12,089
Changes in operating assets and liabilities:
Decrease in accounts receivable
— — 70,022 88,120 — 158,142
Increase (decrease) in accounts payable, accrued expenses
and other
— (122,571) 71,675 (79,276) — (130,172)
Increase (decrease) in accrued interest
— 101,907 (443) (1,012) (1,543) 98,909
Decrease in deferred income
— — (5,963) (48,975) — (54,938)
Changes in other operating assets and liabilities, net of
effects of acquisitions and dispositions
(3,433) 143,573 (149,208) 60,454 — 51,386
Net cash provided by (used for) operating activities (5,720) (322,682) 302,268 273,748 (1,588) 246,026
Cash flows provided by (used for) investing activities:
Purchases of property, plant and equipment
— — (30,536) (159,717) — (190,253)
Proceeds from disposal of assets
— — 14,038 2,917 — 16,955
Acquisition of operating assets
— (26,042) (11,551) (11,677) 26,042 (23,228)
Decrease (increase) in other - net
— 67,335 (96,254) (39,841) 26,042 (42,718)
Cash used to purchase equity
(2,142,830) (15,329,629) — — — (17,472,459)
Net cash provided by (used for) investing activities
(2,142,830) (15,288,336) (124,303) (208,318) 52,084 (17,711,703)