iHeartMedia 2011 Annual Report Download - page 116
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CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
111
(In thousands)
Year Ended December 31, 2009
Parent
Subsidiar
y
Guarantor
Non-Guarantor
Com
p
an
y
Issuer
Subsidiaries
Subsidiaries
Eliminations
Consolidated
Revenue
$
—
$
—
$ 2,831,773
$ 2,723,840
$ (3,704)
$ 5,551,909
O
p
eratin
g
ex
p
enses:
Direct o
p
eratin
g
ex
p
enses
—
—
900,061
1,630,330
(937)
2,529,454
Selling, general and
administrative ex
p
enses
—
—
1,021,492 501,677
(2,767)
1,520,402
Cor
p
orate ex
p
enses
14,690
15
174,012
65,247
—
253,964
Depreciation and
amortization
—
—
324,204
441,270
—
765,474
Mer
g
er ex
p
enses
—
—
—
—
—
—
Im
p
airment char
g
es
—
—
3,223,941
894,983
—
4,118,924
Other operating expense
–
net
—
—
(42,606)
(8,231)
—
(50,837)
O
p
eratin
g
loss
(14,690)
(15)
(2,854,543)
(817,898)
—
(3,687,146)
Interest ex
p
ense, 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
—
493,32
0
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
noncontrollin
g
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 ad
j
ustments
—
—
6,457
144,965
—
151,422
Unrealized gain (loss) on
securities and
derivatives:
Unrealized holding gain
(loss) on marketable
securities
—
—
11,649 (9,971)
—
1,678
Unrealized holding loss
on cash flow
derivatives
—
(74,100)
—
—
—
(74,100)
Reclassification ad
j
ustment
—
—
(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
Com
p
an
y
$(4,308,836)
$(4,299,518)
$(3,630,666)
$ (728,340)
$9,001,494
$(3,965,866)