iHeartMedia 2012 Annual Report Download - page 114

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CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
111
The following table discloses the components of “Other current liabilities” as of December 31, 2012 and 2011, respectively:
(In thousands)
As of December 31,
2012
2011
Interest rate swap - current portion
$
76,939
$
-
Redeemable noncontrolling interest
60,950
-
Total other current liabilities
$
137,889
$
-
The following table discloses the components of “Other long-term liabilities” as of December 31, 2012 and 2011, respectively:
(In thousands)
As of December 31,
2012
2011
Unrecognized tax benefits
$
158,321
$
212,672
Asset retirement obligation
56,047
50,983
Non-qualified plan liabilities
10,593
10,539
Interest rate swap - long-term portion
-
159,124
Deferred income
12,121
15,246
Redeemable noncontrolling interest
-
57,855
Deferred rent
106,394
81,599
Employee related liabilities
24,265
40,145
Other
82,776
79,725
Total other long-term liabilities
$
450,517
$
707,888
The following table discloses the components of “Accumulated other comprehensive loss,” net of tax, as of December 31, 2012 and
2011, respectively:
(In thousands)
As of December 31,
2012
2011
Cumulative currency translation adjustment
$
(178,372)
$
(212,761)
Cumulative unrealized gain (losses) on securities
66,982
41,302
Cumulative other adjustments
6,286
5,708
Cumulative unrealized gain (losses) on cash flow derivatives
(48,180)
(100,292)
Total accumulated other comprehensive loss
$
(153,284)
$
(266,043)
NOTE 13 – SEGMENT DATA
The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are CCME, Americas
outdoor and International outdoor. Revenue and expenses earned and charged between segments are recorded at estimated fair value
and eliminated in consolidation. The CCME segment provides media and entertainment services via broadcast and digital delivery
and also includes the Company’s national syndication business. The Americas outdoor advertising segment consists of operations
primarily in the United States and Canada. The International outdoor advertising segment primarily includes operations in Europe,
Asia, Australia and Latin America. The Americas outdoor and International outdoor display inventory consists primarily of
billboards, street furniture displays and transit displays. The Other category includes the Company’s media representation business as
well as other general support services and initiatives which are ancillary to the Company’s other businesses. Corporate includes
infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of
the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are
recorded by each segment in direct operating and selling, general and administrative expenses.
During the first quarter of 2012, the Company recast its segment reporting, as discussed in Note 1. The following table presents the
Company’s reportable segment results for the years ended December 31, 2012, 2011 and 2010.