CITADEL BROADCASTING CORP CDL Balance Sheet

Jun'11	Dec'10
Cash and cash equivalents
104	111
Accounts receivable, net
142	138
Prepaid expenses and other current assets (including deferred income tax assets of $12,049 and $23,023 as of June 30, 2011 and December 31, 2010, respectively)
31	37
Total current assets
279	287
Property and equipment, net
196	200
FCC licenses
887	893
Goodwill
763	763
Customer and affiliate relationships, net
162	195
Other assets, net
63	67
Total assets
2,352	2,408
Accounts payable, accrued liabilities and other liabilities
49	56
Senior debt, current
-	3
Total current liabilities
49	60
Senior debt, less current portion
296	346
Senior notes
400	400
Other long-term liabilities, less current portion
54	58
Deferred income tax liabilities
255	268
Total liabilities
1,056	1,133
Commitments and contingencies
0	0
Preferred stock, $.001 par value - authorized, 50,000,000 shares at June 30, 2011 and December 31, 2010; no shares issued or outstanding at June 30, 2011 and December 31, 2010
0	0
Treasury stock, at cost, 197,748 shares at June 30, 2011
6	-
Equity held in reserve
7	13
Additional paid-in capital (including 22,933,523 and 23,682,484 special warrants as of June 30, 2011 and December 31, 2010, respectively)
1,294	1,263
Retained earnings (accumulated deficit)
0	-1
Total stockholders' equity
1,296	1,274
Total liabilities and stockholders' equity
2,352	2,408