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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS:    
Cash $ 189,238 $ 20,393
Accounts receivable, net of allowance of $19,493 in 2020 and $17,515 in 2019 300,193 378,912
Prepaid expenses, deposits and other 41,823 25,375
Total current assets 531,254 424,680
Investments 3,305 3,305
Property and equipment, net 350,945 350,666
Operating lease right-of-use assets 248,501 259,613
Radio broadcasting licenses 2,508,121 2,508,121
Goodwill 43,892 43,920
Assets held for sale 10,188 10,188
Other assets, net 39,315 43,185
TOTAL ASSETS 3,735,521 3,643,678
LIABILITIES:    
Accounts payable 4,898 5,961
Accrued expenses 67,198 76,078
Other current liabilities 84,983 76,837
Operating lease liabilities 34,539 35,335
Long-term debt, current portion 5,488 16,377
Total current liabilities 197,106 210,588
Long-term debt, net of current portion 1,822,819 1,697,114
Operating lease liabilities, net of current portion 243,806 253,346
Net deferred tax liabilities 555,532 549,658
Other long-term liabilities 46,071 51,529
Total long-term liabilities 2,668,228 2,551,647
Total liabilities 2,865,334 2,762,235
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS' EQUITY:    
Class A, B and C common stock 1,381 1,379
Additional paid-in capital 1,656,015 1,655,781
Accumulated deficit (784,716) (775,578)
Accumulated other comprehensive income (loss) (2,493) (139)
Total shareholders' equity 870,187 881,443
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,735,521 $ 3,643,678