iHeartMedia 2011 Annual Report Download - page 68

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS OF CLEAR
CHANNEL CAPITAL I, LLC
See Notes to Consolidated Financial Statements
65
(In thousands)
Years Ended December 31,
2011
2010
2009
Revenue
$ 6,161,352
$ 5,865,685
$ 5,551,909
O
p
eratin
g
ex
p
enses:
Direct operating expenses (excludes depreciation and
amortization)
2,504,036
2,381,647
2,529,454
Selling, general and administrative expenses (excludes
de
p
reciation and amortization)
1,617,258
1,570,212
1,520,402
Cor
p
orate ex
p
enses (excludes de
p
reciation and amortization)
227,096
284,042
253,964
De
p
reciation and amortization
763,306
732,869
765,474
Im
p
airment char
g
es
7,614
15,364
4,118,924
Other o
p
eratin
g
income (ex
p
ense)
–
net
12,682
(16,710)
(50,837)
O
p
eratin
g
income (loss)
1,054,724
864,841
(3,687,146)
Interest ex
p
ense
1,466,246
1,533,341
1,500,866
Loss on marketable securities
(4,827)
(6,490)
(13,371)
E
q
uit
y
in earnin
g
s (loss) of nonconsolidated affiliates
26,958
5,702
(20,689)
Other income (ex
p
ense)
–
net
(4,616)
46,455
679,716
Loss before income taxes
(394,007)
(622,833)
(4,542,356)
Income tax benefit
125,978
159,980
493,320
Consolidated net loss
(268,029)
(462,853)
(4,049,036)
Less amount attributable to noncontrollin
g
interest
34,065
16,236
(14,950)
Net loss attributable to the Com
p
an
y
$ (302,094)
$ (479,089)
$(4,034,086)
Other com
p
rehensive income (loss), net of tax:
Forei
g
n currenc
y
translation ad
j
ustments
(29,647)
26,301
151,422
Unrealized
g
ain (loss) on securities and derivatives:
Unrealized holdin
g
g
ain (loss) on marketable securities
(224)
17,187
1,678
Unrealized holdin
g
g
ain (loss) on cash flow derivatives
33,775
15,112
(74,100)
Reclassification adjustment for realized loss on securities
included in net income and other
3,787
14,750
10,008
Other com
p
rehensive income
7,691
73,350
89,008
Com
p
rehensive loss
(294,403)
(405,739)
(3,945,078)
Less amount attributable to noncontrollin
g
interest
4,324
8,857
20,788
Com
p
rehensive loss attributable to the Com
p
an
y
(298,727)
$ (414,596)
$(3,965,866)