XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash, cash equivalents and restricted cash $ 57,380 $ 103,344
Accounts receivable, net of allowance of $7,085 in 2023 and $9,425 in 2022 249,241 261,357
Prepaid expenses, deposits and other 74,657 72,350
Total current assets 381,278 437,051
Investments 3,005 3,005
Net property and equipment 315,557 344,690
Operating lease right-of-use assets 198,702 211,022
Radio broadcasting licenses 1,693,670 2,089,226
Goodwill 63,915 63,915
Assets held for sale 2,476 5,474
Other assets, net of accumulated amortization 130,340 130,510
TOTAL ASSETS 2,788,943 3,284,893
LIABILITIES:    
Accounts payable 8,078 14,002
Accrued expenses 66,396 72,488
Other current liabilities 93,916 80,549
Operating lease liabilities 40,238 40,815
Long-term debt, current portion 1,922,111 0
Total current liabilities 2,130,739 207,854
Long-term debt 0 1,880,362
Operating lease liabilities, net of current portion 194,185 196,654
Net deferred tax liabilities 316,406 453,378
Other long-term liabilities 20,990 26,026
Total long-term liabilities 531,581 2,556,420
Total liabilities 2,662,320 2,764,274
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS' EQUITY:    
Additional paid-in capital 1,681,823 1,678,247
Accumulated deficit (1,556,594) (1,160,618)
Accumulated other comprehensive income 1,344 2,942
Total shareholders' equity 126,623 520,619
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,788,943 3,284,893
Common Class A    
SHAREHOLDERS' EQUITY:    
Common stock 49 47
Common Class B    
SHAREHOLDERS' EQUITY:    
Common stock 1 1
Common Class C    
SHAREHOLDERS' EQUITY:    
Common stock $ 0 $ 0