Company profile

Ticker
IHRT
Exchange
CEO
Robert W. Pittman
Employees
Location
Fiscal year end
Former names
BT Triple Crown Capital Holdings III, Inc., C C Media Holdings Inc, CC Media Holdings Inc
SEC CIK
IRS number
260241222

IHRT stock data

(
)

Calendar

14 Aug 19
19 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 1.38B 1.77B 1.58B 891.76M
Net income -114.38M 214.91M 70.08M -69.9M
Diluted EPS -1.34 2.51 0.82 -0.82
Net profit margin -8.28% 12.12% 4.43% -7.84%
Operating income 28.26M 387.22M 247.29M 181.24M
Net change in cash 224.09M -87.13M 49.4M -35.64M
Cash on hand 448.13M 224.04M 311.16M 261.76M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 6.33B 6.17B 6.25B 6.24B
Net income -201.91M -398.06M -302.06M -754.77M
Diluted EPS -2.36 -4.68 -3.57 -8.96
Net profit margin -3.19% -6.45% -4.83% -12.09%
Operating income 980.52M 969.8M 1.5B 1.15B
Net change in cash -43.07M -577.92M 72.35M 315.65M
Cash on hand 224.04M 267.11M 845.03M 772.68M

Financial data from Iheartmedia earnings reports

Financial report summary

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Risks
  • Substantial blocks of our outstanding shares may be sold into the market in this offering. If there are substantial sales of shares of our Class A common stock, the price of our Class A common stock could decline.
  • Your voting rights as a holder of Class A common stock will be diluted upon the exercise of Special Warrants or the conversion of Class B common stock.
  • We do not intend to pay dividends on our Class A common stock for the foreseeable future.
  • We are a holding company and rely on dividends, distributions and other payments, advances and transfers of funds from our subsidiaries to meet our obligations.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware, subject to certain exceptions, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business or our industry, or if they adversely change their recommendations regarding our stock, our stock price and trading volume could decline.
  • Regulations imposed by the Communications Act and the FCC limit the amount of foreign individuals or entities that may invest in our capital stock.
  • Direct or indirect ownership of our securities could result in the violation of the FCC’s media ownership rules by investors with “attributable interests” in other radio stations or in the same market as one or more of our broadcast stations.
  • Our certificate of incorporation grants us broad authority to comply with FCC Regulations.
Management Discussion
  • Our financial results for the periods from April 1, 2019 through May 1, 2019, from January 1, 2019 through May 1, 2019 and for the three and six months ended June 30, 2018 are referred to as those of the “Predecessor” period. Our financial results for the period from May 2, 2019 through June 30, 2019 are referred to as those of the “Successor” period. Our results of operations
  • as reported in our Consolidated Financial Statements for these periods are prepared in accordance with GAAP. Although GAAP requires that we report on our results for the period from April 1, 2019 through May 1, 2019, from January 1, 2019 through May 1, 2019 and the period from May 2, 2019 through June 30, 2019 separately, management views the Company’s operating results for the three and six months ended June 30, 2019 by combining the results of the applicable Predecessor and Successor periods because such presentation provides the most meaningful comparison of our results to prior periods.
  • The Company cannot adequately benchmark the operating results of the period from May 2, 2019 through June 30, 2019 against any of the previous periods reported in its Consolidated Financial Statements without combining it with the period from April 1, 2019 through May 1, 2019 and the period from January 1, 2019 through May 1, 2019 and does not believe that reviewing the results of this period in isolation would be useful in identifying trends in or reaching conclusions regarding the Company’s overall operating performance. Management believes that the key performance metrics such as revenue, operating income and Adjusted EBITDA for the Successor period when combined with the Predecessor period provides more meaningful comparisons to other periods and are useful in identifying current business trends. Accordingly, in addition to presenting our results of operations as reported in our Consolidated Financial Statements in accordance with GAAP, the tables and discussion below also present the combined results for the three and six months ended June 30, 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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