v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash $ 32,369 $ 20,393
Accounts receivable, net of allowance of $19,143 in 2020 and $17,515 in 2019 233,392 378,912
Prepaid expenses, deposits and other 50,805 25,375
Total current assets 316,566 424,680
Investments 3,305 3,305
Property and equipment, net 344,119 350,666
Operating lease right-of-use assets 236,986 259,613
Radio broadcasting licenses 2,491,732 2,508,121
Goodwill 43,892 43,920
Assets held for sale 509 10,188
Other assets, net 32,525 43,185
TOTAL ASSETS 3,469,634 3,643,678
LIABILITIES:    
Accounts payable 10,822 5,961
Accrued expenses 56,846 76,078
Other current liabilities 78,678 76,837
Operating lease liabilities 36,636 35,335
Long-term debt, current portion 5,488 16,377
Total current liabilities 188,470 210,588
Long-term debt, net of current portion 1,654,183 1,697,114
Operating lease liabilities, net of current portion 230,032 253,346
Net deferred tax liabilities 536,320 549,658
Other long-term liabilities 56,942 51,529
Total long-term liabilities 2,477,477 2,551,647
Total liabilities 2,665,947 2,762,235
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS' EQUITY:    
Class A, B and C common stock 1,380 1,379
Additional paid-in capital 1,659,950 1,655,781
Accumulated deficit (855,405) (775,578)
Accumulated other comprehensive income (loss) (2,238) (139)
Total shareholders' equity 803,687 881,443
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,469,634 $ 3,643,678