iHeartMedia 2012 Annual Report Download - page 73

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CONSOLIDATED BALANCE SHEETS OF
CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
See Notes to Consolidated Financial Statements
70
(In thousands)
December 31,
December 31,
2012
2011
CURRENT ASSETS
Cash and cash equivalents
$
1,225,010
$
1,228,682
Accounts receivable, net of allowance of $55,917 in 2012 and $63,098 in 2011
1,423,999
1,399,135
Prepaid expenses
177,590
161,317
Other current assets
167,208
196,151
Total Current Assets
2,993,807
2,985,285
PROPERTY, PLANT AND EQUIPMENT
Structures, net
1,890,693
1,950,437
Other property, plant and equipment, net
1,146,161
1,112,890
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses
2,423,979
2,411,367
Indefinite-lived intangibles - permits
1,070,720
1,105,704
Other intangibles, net
1,740,792
2,017,760
Goodwill
4,216,085
4,186,718
OTHER ASSETS
Other assets
810,476
771,878
Total Assets
$
16,292,713
$
16,542,039
CURRENT LIABILITIES
Accounts payable
$
136,318
$
121,575
Accrued expenses
772,963
735,152
Accrued interest
180,572
160,361
Current portion of long-term debt
381,728
268,638
Deferred income
172,672
143,236
Other current liabilities
137,889
-
Total Current Liabilities
1,782,142
1,428,962
Long-term debt
20,365,369
19,938,531
Deferred income taxes
1,689,876
1,938,599
Other long-term liabilities
450,517
707,888
Commitments and contingent liabilities (Note 7)
MEMBER'S DEFICIT
Noncontrolling interest
303,997
521,794
Member's interest
2,135,842
2,129,575
Retained deficit
(10,281,746)
(9,857,267)
Accumulated other comprehensive loss
(153,284)
(266,043)
Total Member's Deficit
(7,995,191)
(7,471,941)
Total Liabilities and Member's Deficit
$
16,292,713
$
16,542,039