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REVENUE (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table shows revenue streams for the Company for the years ended December 31, 2022, 2021, and 2020:
(In thousands)Multiplatform GroupDigital Audio GroupAudio and Media Services GroupEliminationsConsolidated
Year Ended December 31, 2022
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,887,433 $— $— $— $1,887,433 
  Networks(2)
503,244 — — — 503,244 
  Sponsorship and Events(3)
188,985 — — — 188,985 
  Digital, excluding Podcast(4)
— 663,392 — (5,238)658,154 
  Podcast(5)
— 358,432 — — 358,432 
  Audio & Media Services(6)
— — 304,302 (5,348)298,954 
  Other(7)
16,140 — — (447)15,693 
     Total2,595,802 1,021,824 304,302 (11,033)3,910,895 
Revenue from leases(8)
1,388 — — — 1,388 
Revenue, total$2,597,190 $1,021,824 $304,302 $(11,033)$3,912,283 
Year Ended December 31, 2021
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,812,252 $— $— $— $1,812,252 
  Networks(2)
503,052 — — — 503,052 
  Sponsorship and Events(3)
160,322 — — — 160,322 
  Digital, excluding Podcast(4)
— 581,918 — (5,845)576,073 
  Podcast(5)
— 252,564 — — 252,564 
  Audio & Media Services(6)
— — 247,957 (6,602)241,355 
  Other(7)
11,958 — — (670)11,288 
     Total2,487,584 834,482 247,957 (13,117)3,556,906 
Revenue from leases(8)
1,434 — — — 1,434 
Revenue, total$2,489,018 $834,482 $247,957 $(13,117)$3,558,340 
Year Ended December 31, 2020
Revenue from contracts with customers:
  Broadcast Radio(1)
$1,604,880 $— $— $— $1,604,880 
  Networks(2)
484,950 — — — 484,950 
  Sponsorship and Events(3)
107,654 — — — 107,654 
  Digital, excluding Podcast(4)
— 372,687 — — 372,687 
  Podcast(5)
— 101,684 — — 101,684 
  Audio & Media Services(6)
— — 274,749 (7,086)267,663 
  Other(7)
7,276 — — (670)6,606 
     Total2,204,760 474,371 274,749 (7,756)2,946,124 
Revenue from leases(8)
2,094 — 2,094 
Revenue, total$2,206,854 $474,371 $274,749 $(7,756)$2,948,218 

(1)Broadcast Radio revenue is generated through the sale of advertising time on the Company’s domestic radio stations.
(2)Networks revenue is generated through the sale of advertising on the Company’s Premiere and Total Traffic & Weather network programs and through the syndication of network programming to other media companies.
(3)Sponsorship and events revenue is generated through local events and major nationally-recognized tent pole events and include sponsorship and other advertising revenue, ticket sales, and licensing, as well as endorsement and appearance fees generated by on-air talent.
(4)Digital, excluding Podcast revenue is generated through the sale of streaming and display advertisements on digital platforms and through subscriptions to iHeartRadio streaming services.
(5)Podcast revenue is generated through the sale of advertising on the Company's podcast network.
(6)Audio and media services revenue is generated by services provided to broadcast industry participants through the Company’s Katz Media and RCS businesses. As a media representation firm, Katz Media generates revenue via commissions on media sold on behalf of the radio and television stations that it represents, while RCS generates revenue by providing broadcast software and media streaming, along with research services for radio stations, broadcast television stations, cable channels, record labels, ad agencies and Internet stations worldwide.
(7)Other revenue represents fees earned for miscellaneous services, including on-site promotions, activations, and local marketing agreements.
(8)Revenue from leases is primarily generated by the lease of towers to other media companies, which are all categorized as operating leases.
Barter and Trade Revenues and Expenses Trade and barter revenues and expenses, which are included in consolidated revenue and selling, general and administrative expenses, respectively, were as follows:
Year Ended December 31,
(In thousands)202220212020
Consolidated:
  Trade and barter revenues$229,009 $175,519 $158,383 
  Trade and barter expenses188,161 149,846 154,715 
Schedule of Changes in Contract Assets and Liabilities
The following tables show the Company’s deferred revenue balance from contracts with customers:
Year Ended December 31,
(In thousands)202220212020
Deferred revenue from contracts with customers:
  Beginning balance(1)
$161,114 $145,493 $162,068 
    Revenue recognized, included in beginning balance(117,947)(93,195)(95,531)
    Additions, net of revenue recognized during period, and other114,743108,81678,956
  Ending balance$157,910 $161,114 $145,493 
(1)Deferred revenue from contracts with customers, which excludes other sources of deferred revenue that are not related to contracts with customers, is included within deferred revenue and other long-term liabilities on the Consolidated Balance Sheets, depending upon when revenue is expected to be recognized.
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity
As of December 31, 2022, the future lease payments to be received by the Company are as follows:
(In thousands)
2023$959 
2024723 
2025541 
2026425 
2027372 
Thereafter1,259 
  Total minimum future rentals$4,279