XML 110 R91.htm IDEA: XBRL DOCUMENT v3.22.0.1
FRESH START ACCOUNTING - Narrative (Details)
 4 Months Ended 8 Months Ended 12 Months Ended
May 01, 2019
USD ($)
$ / shares
shares
May 01, 2019
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
Dec. 31, 2021
USD ($)
station
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Mar. 31, 2019
Jan. 01, 2019
USD ($)
Debt Instrument [Line Items]              
Voting shares to predecessor company, less than 50.00% 50.00%          
Enterprise value $ 8,750,000,000 $ 8,750,000,000          
Number of shares retained (in shares) | shares 31,269,762            
Accrued professional fees paid directly $ 30,500,000            
Unpaid professional fees 86,100,000            
Funding of guarantor general unsecured recovery cash pool classified as restricted 17,500,000            
Funding of guarantor general unsecured recovery cash pool at emergence classified as restricted 6,000,000            
Funding of guarantor general unsecured recovery cash pool, amount reclassified to cash 3,400,000            
Write-off of prepaid premium on insurance policy 2,300,000            
Accrual for future reimbursement of discounts 1,900,000            
Liabilities subject to compromise, accounts payable 3,100,000 3,100,000          
Accrued professional fees paid directly 21,200,000            
Payment of professional fees through escrow account 9,260,000 9,260,000          
Finance leases and other debt, noncurrent 10,300,000 10,300,000          
Cash paid to settle certain creditor claims 1,800,000            
Preferred stock, par value (in dollars per share) | $ / shares       $ 0.001 $ 0.001    
Liabilities subject to compromise, adjustment to net deferred income tax liabilities 596,850,000 596,850,000          
Deferred income tax liabilities 21,500,000 21,500,000          
Operating loss carryforwards, federal and state 114,900,000 114,900,000          
Employee related charges $ 1,500,000 $ 1,500,000          
Common stock, shares issued (in shares) | shares       147,528,559      
Number of securities called by warrants or rights (in shares) | shares 81,453,648 81,453,648          
Property, plant and equipment, net $ 832,992,000 $ 832,992,000   $ 782,093,000 $ 811,702,000    
Number of radio stations | station       854      
Fair value adjustment $ 2,240,900,000 $ 2,240,900,000          
Operating lease weighted average discount rate 6.54% 6.54%   6.50%   12.44%  
Increase in right of use assets from change in borrowing rate $ 541,200,000 $ 541,200,000          
Operating lease right-of-use assets 910,104,000 910,104,000   $ 741,410,000 825,887,000    
Finance lease, liability             $ 900,000
Debtor organization items, payment of professional fees 85,091,000   $ 26,500,000 $ 1,400,000 $ 6,300,000    
Minimum              
Debt Instrument [Line Items]              
Enterprise value 8,000,000,000 8,000,000,000          
Maximum              
Debt Instrument [Line Items]              
Enterprise value $ 9,500,000,000 $ 9,500,000,000          
Class A Shares              
Debt Instrument [Line Items]              
Common stock, shares issued (in shares) | shares 56,861,941 56,861,941   120,633,937 64,726,864    
Class B Shares              
Debt Instrument [Line Items]              
Common stock, shares issued (in shares) | shares 6,947,567 6,947,567   21,590,192 6,886,925    
Customer/advertiser relationships              
Debt Instrument [Line Items]              
Fair value adjustment $ 1,604,100,000 $ 1,604,100,000          
Licensing Agreements              
Debt Instrument [Line Items]              
Fair value adjustment 44,900,000 44,900,000          
Property, Plant and Equipment              
Debt Instrument [Line Items]              
Property, plant and equipment, net 182,900,000 182,900,000          
Software Technology Assets              
Debt Instrument [Line Items]              
Property, plant and equipment, net 151,000,000 151,000,000          
Off-Market Favorable Lease              
Debt Instrument [Line Items]              
Operating lease right-of-use assets 13,100,000 13,100,000          
iHeart Communications, Inc. | Line of Credit | Revolving Credit Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity 450,000,000 450,000,000          
Term Loan Facility due 2026              
Debt Instrument [Line Items]              
Secured debt $ 3,500,000,000 $ 3,500,000,000          
6.375% Senior Secured Notes due 2026 | iHeart Communications, Inc. | Senior Notes              
Debt Instrument [Line Items]              
Stated interest rate (as a percent) 6.375% 6.375%          
New Senior Secured Notes              
Debt Instrument [Line Items]              
Secured debt $ 800,000,000 $ 800,000,000          
Debt instrument term 7 years            
New Senior Unsecured Note              
Debt Instrument [Line Items]              
Debt instrument term 8 years            
Unsecured debt $ 1,450,000,000 $ 1,450,000,000          
Asset-based Revolving Credit Facility Due 2023 | Line of Credit | Revolving Credit Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity         $ 450,000,000    
iHeart Operations, Inc.              
Debt Instrument [Line Items]              
Proceeds from issuance of preferred stock and preference stock $ 60,000,000            
Preferred stock, par value (in dollars per share) | $ / shares $ 0.001 $ 0.001          
iHeart Communications, Inc.              
Debt Instrument [Line Items]              
Percentage of economic rights prior to reorganization 89.10%            
Percentage of voting rights prior to reorganization 99.00%