iHeartMedia 2010 Annual Report Download - page 131
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CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
122
Pre-merger Period from January 1 through July 30, 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)
$ — $1,036,525 $ 764,020 $ 183,496 $ (930,364) $1,053,677
Less: Income (loss) from discontinued o
p
erations, net —
—
637,120 3,116
—
640,236
Net income (loss) from continuing operations
— 1,036,525 126,900 180,380 (930,364) 413,441
Reconciling items:
Depreciation and amortization
— — 100,675 248,114 — 348,789
Deferred taxes
— 54,276 67,172 23,855
—
145,303
Provision for doubtful accounts
—
—
14,601 8,615
—
23,216
Amortization of deferred financing charges and note discounts,
net
— 4,499 (969) — — 3,530
Share-based compensation
— — 56,218 6,505 — 62,723
Gain on disposal of assets
— — (3,849) (10,978) — (14,827)
Gain on trading securities
— — (36,758) — — (36,758)
E
q
uit
y
in (earnin
g
s) loss of nonconsolidated affiliates — (744,920) (185,444) (94,215) 930,364 (94,215)
Loss on debt extinguishment
— — 13,484 — — 13,484
Other reconciling items - net
— 72 7,124 4,433 — 11,629
Changes in operating assets and liabilities:
Decrease in accounts receivable
— — 18,100 6,429 — 24,529
Increase (decrease) in accounts payable, accrued expenses and
other
— 118,654 98,456 (26,276)
—
190,834
Increase (decrease) in accrued interest
— (8,374) (8,405) 207
—
(16,572)
Increase in deferred income
— — 17,068 34,132 — 51,200
Changes in other operating assets and liabilities, net of effects of
acquisitions and dispositions
— (353,648) 312,572 (49,972) — (91,048)
Net cash provided by operating activities
— 107,084 596,945 331,229 — 1,035,258
Cash flows provided by (used for) investing activities:
Proceeds from sales of other investments
— — 125,700 47,767 — 173,467
Purchases of property, plant and equipment
— — (40,642) (199,560) — (240,202)
Proceeds from disposal of assets
— — 34,176 38,630 — 72,806
Acquisition of operating assets
— — (69,015) (84,821) — (153,836)
Chan
g
e in other - net
— (239,733) (56,314) 27,561
—
(268,486)
Net cash used for investing activities
— (239,733) (6,095) (170,423) — (416,251)