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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS:    
Cash $ 20,393 $ 122,893
Restricted cash 0 69,365
Accounts receivable, net of allowance for doubtful accounts 378,912 342,766
Prepaid expenses, deposits and other 25,375 25,205
Total current assets 424,680 560,229
Investments 3,305 11,205
Net property and equipment 350,666 317,030
Operating lease right-of-use assets 259,613  
Radio broadcasting licenses 2,508,121 2,516,625
Goodwill 43,920 539,469
Assets held for sale 10,188 19,603
Other assets, net of accumulated amortization 43,185 56,197
TOTAL ASSETS 3,643,678 4,020,358
LIABILITIES:    
Accounts payable 5,961 1,858
Accrued expenses 76,078 58,449
Other current liabilities 76,837 118,438
Operating lease liabilities 35,335  
Long-term debt, current portion 16,377 0
Total current liabilities 210,588 178,745
Long-term debt, net of current portion 1,697,114 1,872,203
Operating lease liabilities, net of current portion 253,346  
Net deferred tax liabilities 549,658 545,982
Other long-term liabilities 51,529 89,168
Total long-term liabilities 2,551,647 2,507,353
Total liabilities 2,762,235 2,686,098
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 1,655,781 1,693,512
Retained earnings (accumulated deficit) (775,578) (360,664)
Accumulated other comprehensive income (loss) (139) 0
Total shareholders’ equity 881,443 1,334,260
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,643,678 4,020,358
Common Class A    
SHAREHOLDERS’ EQUITY:    
Common stock 1,339 1,372
Common Class B    
SHAREHOLDERS’ EQUITY:    
Common stock 40 40
Common Class C    
SHAREHOLDERS’ EQUITY:    
Common stock $ 0 $ 0