Last 7 days
0.3%
Last 30 days
-2.6%
Last 90 days
1.5%
Trailing 12 Months
-64.6%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-14 | Fasbender Jordan | sold (taxes) | -6,248 | 3.32 | -1,882 | see remarks |
2023-08-11 | PITTMAN ROBERT W | bought | 201,066 | 3.4382 | 58,480 | chairman and ceo |
2023-07-10 | Fasbender Jordan | sold (taxes) | -9,370 | 4.2 | -2,231 | see remarks |
2023-05-18 | Rasulo James A | acquired | 199,998 | 1.56571 | 127,736 | - |
2023-05-18 | SIVARAMAKRISHNAN KAMAKSHI | acquired | - | - | 54,744 | - |
2023-05-18 | Hamilton Scott D | acquired | - | - | 2,500 | see remarks |
2023-05-18 | BRESSLER RICHARD J | acquired | - | - | 1,036,560 | see remarks |
2023-05-18 | Monteagudo Graciela | acquired | - | - | 54,744 | - |
2023-05-18 | GERSTNER BRAD | acquired | 74,999 | 0.913333 | 82,116 | - |
2023-05-18 | MCGUINNESS MICHAEL B | acquired | - | - | 181,397 | evp-finance & deputy cfo |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 49,005 | 49,005 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -14.49 | -115,334 | 455,790 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 45.7 | 1,610 | 6,055 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -61.15 | -1,621,700 | 922,303 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | unchanged | - | -235,350 | 3,294,900 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | added | 41.21 | 1,861,480 | 7,716,060 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | added | 22.34 | 6,000 | 48,000 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 858 | 730,906 | 822,848 | -% |
2023-08-14 | Gotham Asset Management, LLC | reduced | -15.34 | -9,758 | 36,753 | -% |
2023-08-14 | Voya Investment Management LLC | reduced | -7.87 | -25,205 | 154,733 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | pacific investment management co llc | 19.99% | 24,760,762 | SC 13G/A | |
Feb 13, 2023 | oak hill advisors lp | 6.83% | 8,641,530 | SC 13G | |
Feb 09, 2023 | vanguard group inc | 9.02% | 10,982,981 | SC 13G/A | |
Feb 03, 2023 | blackrock inc. | 7.0% | 8,565,276 | SC 13G/A | |
May 09, 2022 | global media & entertainment investments ltd | 14.99% | 18,140,000 | SC 13D/A | |
May 02, 2022 | global media & entertainment investments ltd | 5989% | 15,242,573 | SC 13D/A | |
Apr 15, 2022 | global media & entertainment investments ltd | 11.08% | 13,407,138 | SC 13D/A | |
Apr 12, 2022 | global media & entertainment investments ltd | 6248% | 11,644,385 | SC 13D/A | |
Feb 14, 2022 | silver point capital l.p. | 4.8% | 5,727,724 | SC 13G/A | |
Feb 14, 2022 | pacific investment management co llc | 19.99% | 24,361,331 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 15, 2023 | 4 | Insider Trading | |
Aug 14, 2023 | 4 | Insider Trading | |
Aug 08, 2023 | 8-K | Current Report | |
Aug 08, 2023 | 10-Q | Quarterly Report | |
Jul 11, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CHTR | 67.1B | 54.5B | 8.09% | 26.57% | 14.01 | 1.23 | 2.60% | -15.83% |
SIRI | 15.8B | 9.0B | -3.98% | -28.94% | 13.65 | 1.76 | 0.44% | -8.55% |
MID-CAP | ||||||||
NYT | 6.9B | 2.4B | -0.99% | 44.33% | 39.27 | 2.93 | 7.76% | -7.72% |
NXST | 5.1B | 5.3B | -8.37% | -22.64% | 7.27 | 0.97 | 8.13% | -23.40% |
CABO | 3.5B | 1.7B | -1.28% | -35.52% | 33.15 | 2.07 | -1.31% | -70.36% |
DISH | 3.4B | 16.0B | 0.32% | -60.34% | 1.85 | 0.21 | -8.20% | -13.13% |
SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 11.55% | -54.87% | -384.5 | 0.16 | -6.01% | -100.49% |
SBGI | 768.6M | 3.3B | -23.56% | -49.69% | 4.47 | 0.23 | -34.89% | -93.14% |
AMCX | 538.8M | 3.0B | 9.44% | -44.09% | -87.27 | 0.18 | -0.73% | -101.96% |
IHRT | 510.2M | 3.8B | -2.56% | -64.63% | -0.38 | 0.13 | 1.55% | -1758.48% |
UONE | 359.0M | 484.6M | 3.19% | -10.09% | 8.5 | 0.74 | 10.07% | 1.46% |
EVC | 320.4M | 1.0B | -2.93% | -17.05% | 33.68 | 0.31 | 23.24% | -66.15% |
TSQ | 148.2M | 465.3M | -5.71% | 18.89% | 13.04 | 0.33 | 4.78% | -97.25% |
CMLS | 82.0M | 900.6M | 15.01% | -37.12% | -5.84 | 0.09 | -6.07% | -126.59% |
-27.2%
87.0%
67.0%
55.2%
Y-axis is the maximum loss one would have experienced if iHeartMedia was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -0.9% | 3,846,073,000 | 3,880,064,000 | 3,912,283,000 | 3,848,412,000 | 3,787,533,000 | 3,695,133,000 | 3,558,340,000 | 3,431,851,000 | 3,248,206,000 | 2,874,249,000 | 2,948,218,000 | 4,140,619,857 | 5,333,021,714 | 6,525,423,571 | 7,717,825,429 | 8,910,227,286 | 10,102,629,143 | 10,026,375,250 | 8,757,719,500 | 7,489,063,750 | 6,220,408,000 |
S&GA Expenses | 0.9% | 1,626,119,000 | 1,611,403,000 | 1,592,946,000 | 1,577,592,000 | 1,567,786,000 | 1,561,369,000 | 1,519,355,000 | 1,432,212,000 | 1,375,221,000 | 1,295,943,000 | 1,345,414,000 | 1,368,582,000 | 1,362,602,000 | 1,289,471,000 | 1,222,604,000 | 1,245,483,000 | 1,247,804,000 | 1,355,773,000 | 1,376,931,000 | 1,508,859,000 | 1,618,219,000 |
EBITDA | - | - | - | - | - | 628,760,000 | 647,479,000 | 647,520,000 | - | - | -1,346,683,000 | -1,338,748,000 | -1,308,212,000 | -1,242,617,000 | -1,074,297,000 | 630,760,600 | 741,311,400 | 808,691,000 | 1,011,089,000 | 932,432,000 | 1,050,167,000 | 1,151,336,000 |
EBITDA Margin | - | - | - | - | - | 0.17 | 0.18 | 0.19 | - | - | -0.52 | -0.35 | -0.34 | -0.24 | -0.17 | 0.08 | 0.08 | 0.08 | 0.18 | 0.15 | 0.17 | 0.19 |
Interest Expenses | 2.7% | 377,872,000 | 368,048,000 | 342,393,000 | 330,498,000 | 319,810,000 | 321,372,000 | 328,101,000 | 333,718,000 | 340,098,000 | 338,638,000 | 357,168,000 | 375,506,000 | 368,740,000 | 285,169,000 | 339,796,000 | 334,304,800 | 350,642,400 | 408,431,000 | 722,931,000 | 1,100,569,000 | 1,471,564,000 |
Earnings Before Taxes | - | - | - | - | - | - | - | -149,998,000 | - | - | - | -2,098,845,000 | -2,078,184,000 | -2,001,712,000 | -1,705,857,000 | 106,149,000 | 262,958,000 | 365,973,000 | 420,148,000 | -24,136,000 | -387,479,000 | -766,406,000 |
EBT Margin | - | - | - | - | - | -0.04 | -0.04 | -0.05 | - | - | -0.81 | -0.55 | -0.54 | -0.39 | -0.27 | 0.00 | 0.02 | 0.03 | 0.06 | -0.01 | -0.07 | -0.14 |
Net Income | -205.1% | -1,337,212,000 | -438,341,000 | -264,663,000 | -232,914,000 | 80,629,000 | 33,942,000 | -159,199,000 | -267,363,000 | -302,655,000 | -467,686,000 | -1,914,699,000 | -1,856,784,000 | -1,812,298,000 | -1,576,188,000 | -1,835,000 | 151,689,000 | 209,393,000 | 100,701,000 | -201,910,000 | 1,927,000 | -318,641,000 |
Net Income Margin | 100.0% | - | -0.11 | -0.07 | -0.06 | 0.02 | 0.01 | -0.05 | -0.08 | -0.10 | -0.18 | -0.50 | -0.48 | -0.36 | -0.25 | 0.00 | 0.02 | 0.02 | 0.02 | -0.03 | 0.00 | -0.05 |
Free Cashflow | -100.0% | - | 200,727,000 | 259,106,000 | 146,075,000 | 128,784,000 | 19,654,000 | 147,201,000 | 148,360,000 | 117,173,000 | 113,642,000 | 130,740,000 | 253,313,000 | 390,509,000 | 462,788,000 | 315,218,800 | 495,598,800 | 486,441,600 | 810,688,000 | 881,427,000 | 453,735,000 | 151,024,000 |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Assets | -13.1% | 6,984 | 8,035 | 8,336 | 8,330 | 8,701 | 8,627 | 8,881 | 8,811 | 9,064 | 9,051 | 9,203 | 9,122 | 8,906 | 9,312 | 11,021 | 10,935 | 10,998 | 10,710 | 14,286 | 7,902 | 11,959 |
Current Assets | 5.1% | 1,336 | 1,271 | 1,473 | 1,409 | 1,372 | 1,316 | 1,473 | 1,356 | 1,511 | 1,366 | 1,619 | 1,497 | 1,210 | 1,525 | 1,416 | 1,271 | 1,114 | 932 | 2,090 | 2,235 | 2,079 |
Cash Equivalents | -12.0% | 165 | 188 | 336 | 295 | 295 | 280 | 353 | 370 | 584 | 530 | 721 | 725 | 529 | 658 | 412 | 288 | 139 | 63.00 | 470 | 430 | 338 |
Goodwill | -25.6% | 1,721 | 2,313 | 2,313 | 2,313 | 2,313 | 2,313 | 2,314 | 2,314 | 2,313 | 168 | 2,146 | 2,109 | 2,102 | 2,101 | 3,326 | 3,326 | 3,323 | 3,300 | 4,118 | 3,413 | 4,044 |
Current Liabilities | 11.3% | 731 | 657 | 832 | 740 | 758 | 688 | 849 | 782 | 1,019 | 733 | 718 | 660 | 593 | 646 | 667 | 637 | 726 | 480 | 1,440 | 1,248 | 1,144 |
LT Debt, Current | -16.2% | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 278 | 29.00 | 35.00 | 34.00 | 30.00 | 30.00 | 9.00 | 54.00 | 53.00 | 53.00 | 47.00 | 46.00 | 0.00 |
LT Debt, Non Current | -1.5% | 5,316 | 5,395 | 5,414 | 5,553 | 5,627 | 5,739 | 5,738 | 5,737 | 5,721 | 5,976 | 5,982 | 5,987 | 5,807 | 5,924 | 5,757 | 5,755 | 5,757 | 5,757 | 5,293 | - | 5,274 |
Shareholder's Equity | -185.5% | -403 | 472 | 685 | 593 | 893 | 872 | 916 | 798 | 789 | 814 | 1,051 | 1,040 | 1,066 | 1,259 | 2,945 | 2,847 | 2,820 | 2,779 | - | - | - |
Retained Earnings | -36.1% | -3,334 | -2,449 | -2,227 | -2,307 | -1,997 | -2,011 | -1,962 | -2,074 | -2,077 | -2,045 | -1,803 | -1,807 | -1,774 | -1,577 | 113 | 51.00 | 39.00 | - | -13,330 | -13,345 | -13,560 |
Additional Paid-In Capital | 0.3% | 2,932 | 2,923 | 2,913 | 2,902 | 2,891 | 2,883 | 2,877 | 2,870 | 2,864 | 2,855 | 2,849 | 2,841 | 2,835 | 2,831 | 2,827 | 2,790 | 2,773 | - | 2,075 | 2,075 | 2,074 |
Shares Outstanding | 0.5% | 149 | 148 | 149 | 148 | 148 | 148 | 148 | 147 | 147 | 146 | 146 | 146 | 146 | 146 | - | 146 | 145 | 86.00 | 86.00 | - | 86.00 |
Minority Interest | 12.7% | 10.00 | 9.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 9.00 | 11.00 | 31.00 | 17.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Cashflow From Operations | -26.2% | 279 | 378 | 420 | 341 | 333 | 207 | 331 | 276 | 214 | 196 | 216 | 342 | 489 | 560 | 414 | 493 | 523 | 672 | 880 | 967 | 730 |
Share Based Compensation | 0.8% | 40.00 | 40.00 | 35.00 | 31.00 | 26.00 | 23.00 | 24.00 | 26.00 | 26.00 | 24.00 | 23.00 | 21.00 | 32.00 | 31.00 | 22.00 | 17.00 | 6.00 | 6.00 | 7.00 | 2.00 | 2.00 |
Cashflow From Investing | 6.2% | -138 | -147 | -129 | -169 | -178 | -117 | -346 | -336 | -315 | -365 | -147 | -100 | -106 | -105 | -309 | -454 | -478 | -497 | -360 | -345 | -229 |
Cashflow From Financing | 16.0% | -270 | -321 | -306 | -243 | -442 | -338 | -352 | -295 | 156 | 40.00 | 241 | 196 | 8.00 | 129 | -89.28 | -45.88 | -148 | -362 | -397 | -491 | -478 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 920,014 | $ 954,005 | $ 1,731,253 | $ 1,797,463 |
Operating expenses: | ||||
Direct operating expenses (excludes depreciation and amortization) | 355,061 | 365,382 | 699,681 | 695,906 |
Selling, general and administrative expenses (excludes depreciation and amortization) | 393,773 | 379,057 | 796,574 | 763,401 |
Depreciation and amortization | 108,065 | 110,788 | 216,577 | 224,839 |
Impairment charges | 960,570 | 245 | 964,517 | 1,579 |
Other operating (income) expense, net | (261) | 15,664 | (40) | 16,534 |
Operating income (loss) | (897,194) | 82,869 | (946,056) | 95,204 |
Interest expense, net | 98,693 | 81,494 | 194,150 | 160,713 |
Gain (loss) on investments, net | (6,038) | 9,590 | (12,543) | 7,825 |
Equity in loss of nonconsolidated affiliates | (44) | (29) | (4) | (58) |
Gain on extinguishment of debt | 22,902 | 8,203 | 27,527 | 8,203 |
Other expense, net | (272) | (2,175) | (371) | (2,445) |
Earnings (Loss) before income taxes | (979,339) | 16,964 | (1,125,597) | (51,984) |
Income tax benefit (expense) | 96,357 | (1,782) | 20,252 | 18,427 |
Net income (loss) | (882,982) | 15,182 | (1,105,345) | (33,557) |
Less amount attributable to noncontrolling interest | 1,488 | 781 | 1,385 | 624 |
Net income (loss) attributable to the Company | (884,470) | 14,401 | (1,106,730) | (34,181) |
Other comprehensive loss, net of tax: | ||||
Foreign currency translation adjustments | (77) | (650) | (123) | (897) |
Other comprehensive loss, net of tax | (77) | (650) | (123) | (897) |
Comprehensive income (loss) | (884,547) | 13,751 | (1,106,853) | (35,078) |
Less amount attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
Comprehensive income (loss) attributable to the Company | $ (884,547) | $ 13,751 | $ (1,106,853) | $ (35,078) |
Net income (loss) attributable to the Company per common share: | ||||
Basic (in dollars per share) | $ (5.93) | $ 0.10 | $ (7.44) | $ (0.23) |
Weighted average common shares outstanding - Basic (in shares) | 149,179 | 148,050 | 148,774 | 147,783 |
Diluted (in dollars per share) | $ (5.93) | $ 0.10 | $ (7.44) | $ (0.23) |
Weighted average common shares outstanding - Diluted (in shares) | 149,179 | 149,131 | 148,774 | 147,783 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
CURRENT ASSETS | ||
Cash and cash equivalents | $ 165,325 | $ 336,236 |
Accounts receivable, net of allowance of $36,022 in 2023 and $29,171 in 2022 | 1,004,807 | 1,037,827 |
Prepaid expenses | 127,380 | 79,098 |
Other current assets | 38,880 | 19,618 |
Total Current Assets | 1,336,392 | 1,472,779 |
PROPERTY, PLANT AND EQUIPMENT | ||
Property, plant and equipment, net | 649,687 | 694,842 |
INTANGIBLE ASSETS AND GOODWILL | ||
Indefinite-lived intangibles - licenses and other | 1,112,751 | 1,476,319 |
Other intangibles, net | 1,296,099 | 1,419,670 |
Goodwill | 1,721,410 | 2,313,403 |
OTHER ASSETS | ||
Operating lease right-of-use assets | 700,720 | 788,280 |
Other assets | 166,751 | 170,594 |
Total Assets | 6,983,810 | 8,335,887 |
CURRENT LIABILITIES | ||
Accounts payable | 199,947 | 240,454 |
Current operating lease liabilities | 75,749 | 70,024 |
Accrued expenses | 232,234 | 325,427 |
Accrued interest | 62,349 | 64,165 |
Deferred revenue | 160,099 | 131,084 |
Current portion of long-term debt | 440 | 664 |
Total Current Liabilities | 730,818 | 831,818 |
Long-term debt | 5,315,955 | 5,413,503 |
Noncurrent operating lease liabilities | 762,787 | 848,918 |
Deferred income taxes | 425,454 | 483,810 |
Other long-term liabilities | 152,254 | 73,332 |
Commitments and contingent liabilities (Note 6) | ||
STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Noncontrolling interest | 10,351 | 9,609 |
Preferred stock, par value $.001 per share, 100,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Additional paid-in capital | 2,931,598 | 2,912,500 |
Accumulated deficit | (3,334,212) | (2,227,482) |
Accumulated other comprehensive loss | (1,454) | (1,331) |
Cost of shares (916,632 in 2023 and 597,482 in 2022) held in treasury | (9,886) | (8,934) |
Total Stockholders' Equity (Deficit) | (403,458) | 684,506 |
Total Liabilities and Stockholders' Equity (Deficit) | 6,983,810 | 8,335,887 |
Class A Common Stock | ||
STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Common stock | 124 | 123 |
Class B Common Stock | ||
STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Common stock | 21 | 21 |
Special Warrants | ||
STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Common stock | $ 0 | $ 0 |