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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS:    
Cash, cash equivalents, and restricted cash $ 72,994 $ 103,344
Accounts receivable, net of allowance of $6,845 in 2023 and $9,424 in 2022 258,088 261,357
Prepaid expenses, deposits and other 70,537 72,350
Total current assets 401,619 437,051
Property and equipment, net 284,681 299,592
Operating lease right-of-use assets 202,010 211,022
Radio broadcasting licenses 794,771 2,089,226
Goodwill 63,915 63,915
Assets held for sale 1,544 5,474
Software, net 129,128 151,829
Other assets 22,772 26,784
TOTAL ASSETS 1,900,440 3,284,893
LIABILITIES:    
Accounts payable 21,742 14,002
Accrued expenses 73,519 72,488
Other current liabilities 131,031 80,549
Operating lease liabilities 37,631 40,815
Long-term debt, current portion 1,924,023 0
Total current liabilities 2,187,946 207,854
Long-term debt, net of current portion 0 1,880,362
Operating lease liabilities, net of current portion 201,802 196,654
Net deferred tax liabilities 101,937 453,378
Other long-term liabilities 23,508 26,026
Total long-term liabilities 327,247 2,556,420
Total liabilities 2,515,193 2,764,274
CONTINGENCIES AND COMMITMENTS (Note 21)
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Additional paid-in capital 1,682,467 1,678,247
Accumulated deficit (2,297,270) (1,160,618)
Accumulated other comprehensive income 0 2,942
Total shareholders’ (deficit) equity (614,753) 520,619
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY 1,900,440 3,284,893
Common Class A    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock 49 47
Common Class B    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock 1 1
Common Class C    
SHAREHOLDERS’ (DEFICIT) EQUITY:    
Common stock $ 0 $ 0