| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
2,683,810 | 2,721,705 | 2,588,702 | 2,679,822 | 2,806,204 | 2,961,259 | 2,946,190 | 2,946,944 | 3,003,874 | 2,797,994 | 2,698,024 |
Operating expenses: | ||||||||||
Direct operating expenses (excludes depreciation and amortization) | ||||||||||
1,452,177 | 1,470,668 | 1,409,767 | 1,418,319 | 1,485,835 | 1,596,888 | 1,594,728 | 1,603,492 | 1,630,875 | 1,559,972 | 1,625,083 |
Selling, general and administrative expenses (excludes depreciation and amortization) | ||||||||||
520,928 | 522,918 | 499,213 | 515,421 | 527,821 | 548,519 | 543,572 | 574,662 | 538,032 | 494,656 | 484,404 |
Other General and Administrative Expense | ||||||||||
144,341 | 152,090 | 143,678 | 117,436 | 116,523 | 130,894 | 124,399 | 115,832 | 100,971 | 107,596 | 65,247 |
Depreciation and amortization | ||||||||||
309,324 | 318,952 | 325,991 | 344,124 | 375,962 | 406,243 | 403,170 | 399,264 | 432,035 | 413,588 | 439,647 |
Asset Impairment Charges | ||||||||||
5,300 | 7,772 | 4,159 | 7,274 | 21,631 | 3,530 | 13,150 | 37,651 | 7,614 | 11,493 | 890,737 |
Other operating expense, net | ||||||||||
1,162 | 2,498 | 26,391 | 354,688 | -4,824 | 7,259 | 22,979 | 50,943 | 8,591 | -23,753 | -8,231 |
Operating income (loss) | ||||||||||
252,902 | 251,803 | 232,285 | 631,936 | 273,608 | 282,444 | 290,150 | 266,986 | 302,938 | 186,936 | -815,325 |
Interest expense, net | ||||||||||
418,184 | 388,133 | 379,701 | 375,029 | 355,917 | 353,265 | 352,783 | 373,876 | 242,435 | 239,453 | 154,919 |
Interest income (expense) on Due from/to iHeartCommunications, net | ||||||||||
-1,334 | 393 | 68,871 | 50,309 | 61,439 | 60,179 | 54,210 | 63,761 | 45,459 | 19,460 | 724 |
Interest Income Related Party | ||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - |
Intercompany interest expense | ||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - |
Loss on marketable securities | ||||||||||
- | - | - | - | - | - | -18 | -2,578 | -4,827 | -6,490 | -11,315 |
Loss on Due from iHeartCommunications | ||||||||||
-5,778 | 0 | -855,648 | 0 | 0 | - | - | - | - | - | - |
(Gain) loss on investments | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Income (Loss) from Equity Method Investments | ||||||||||
- | - | - | -1,689 | -289 | 3,789 | -2,092 | 843 | 6,029 | -9,936 | -31,442 |
Loss on extinguishment of debt | ||||||||||
-101,745 | 0 | 0 | - | - | - | - | -221,071 | 0 | 0 | - |
Other expense, net | ||||||||||
-15,384 | -34,393 | 27,765 | -70,151 | 12,387 | 15,185 | 1,016 | -364 | -649 | -5,335 | -9,368 |
Consolidated net loss before income taxes | ||||||||||
-289,523 | -170,330 | -906,428 | 235,376 | -8,772 | 8,332 | -9,517 | -266,299 | 106,515 | -54,818 | -1,021,645 |
Income tax expense | ||||||||||
72,254 | 32,515 | -280,218 | 77,499 | 49,943 | -8,787 | 14,809 | -107,089 | 43,296 | 21,599 | -149,110 |
Consolidated net loss | ||||||||||
-361,777 | -202,845 | -626,210 | 157,877 | -58,715 | 17,119 | -24,326 | -159,210 | 63,219 | -76,417 | -872,535 |
Less amount attributable to noncontrolling interest | ||||||||||
1,527 | 15,395 | 18,138 | 22,807 | 24,629 | 26,709 | 24,134 | 23,902 | 20,273 | 11,106 | -4,346 |
Net loss attributable to the Company | ||||||||||
-363,304 | -218,240 | -644,348 | 135,070 | -83,344 | -9,590 | -48,460 | -183,112 | 42,946 | -87,523 | -868,189 |
Other comprehensive income (loss), net of tax: | ||||||||||
Foreign currency translation adjustments | ||||||||||
-4,802 | -15,334 | 43,341 | 23,357 | -112,782 | -123,104 | -9,654 | 35,485 | -29,801 | 16,237 | -118,632 |
Foreign currency reclassification adjustment | ||||||||||
- | - | - | - | - | - | - | - | - | -3,437 | -523 |
Unrealized holding loss on marketable securities | ||||||||||
- | - | - | - | 553 | 327 | 1,187 | -2,573 | -4,834 | -7,809 | 9,971 |
Other Comprehensive Income, Other, Net of Tax | ||||||||||
-2,948 | -1,498 | 6,306 | -12,390 | -10,266 | -11,438 | 6,732 | 1,135 | -1,361 | - | - |
Reclassification adjustments | ||||||||||
-1,290 | -2,962 | -5,441 | -46,730 | -808 | -8 | 1,432 | -2,045 | 5,148 | -6,490 | 11,315 |
Equity in subsidiary comprehensive income (loss) | ||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - |
Other comprehensive income (loss) | ||||||||||
-6,460 | -13,870 | 55,088 | 57,697 | -121,687 | -134,207 | -3,167 | 36,092 | -30,848 | 18,355 | 119,453 |
Comprehensive loss | ||||||||||
-369,764 | -232,110 | -589,260 | 192,767 | -205,031 | -143,797 | -51,627 | -147,020 | 12,098 | -69,168 | -748,736 |
Less amount attributable to noncontrolling interest | ||||||||||
-1,397 | -8,040 | 8,949 | -8,038 | -10,885 | -6,426 | -2,194 | 1,703 | 8,918 | 7,617 | 8,050 |
Comprehensive loss attributable to the Company | ||||||||||
-368,367 | -224,070 | -598,209 | 200,805 | -194,146 | -137,371 | -49,433 | -148,723 | 3,180 | -76,785 | -756,786 |
Net loss attributable to the Company per share of common stock | ||||||||||
Earnings Per Share, Basic | ||||||||||
-0.88 | -0.60 | -1.78 | 0.37 | -0.23 | -0.03 | -0.14 | -0.54 | 0.11 | -0.26 | -2.46 |
Weighted Average Number of Shares Outstanding, Basic | ||||||||||
413,087 | 361,740 | 361,141 | 360,294 | 359,508 | 358,565 | 357,662 | 356,915 | 355,907 | 355,568 | 355,377 |
Diluted (in dollars per share) | ||||||||||
-0.88 | -0.60 | -1.78 | 0.37 | -0.23 | -0.03 | -0.14 | -0.54 | 0.11 | -0.26 | -2.46 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||||||
413,087 | 361,740 | 361,141 | 361,612 | 359,508 | 358,565 | 357,662 | 356,915 | 356,528 | 355,568 | 355,377 |