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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS:    
Cash $ 30,964 $ 20,393
Accounts receivable, net of allowance for doubtful accounts 276,102 378,912
Prepaid expenses, deposits and other 47,504 25,375
Total current assets 354,570 424,680
Investments 3,305 3,305
Net property and equipment 340,318 350,666
Operating lease right-of-use assets 236,903 259,613
Radio broadcasting licenses 2,229,016 2,508,121
Goodwill 62,215 43,920
Assets held for sale 21,407 10,188
Other assets, net of accumulated amortization 41,023 43,185
TOTAL ASSETS 3,288,757 3,643,678
LIABILITIES:    
Accounts payable 13,776 5,961
Accrued expenses 59,828 76,078
Other current liabilities 73,997 76,837
Operating lease liabilities 40,439 35,335
Long-term debt, current portion 5,488 16,377
Total current liabilities 193,528 210,588
Long-term debt, net of current portion 1,689,949 1,697,114
Operating lease liabilities, net of current portion 229,400 253,346
Net deferred tax liabilities 473,398 549,658
Other long-term liabilities 57,744 51,529
Total long-term liabilities 2,450,491 2,551,647
Total liabilities 2,644,019 2,762,235
CONTINGENCIES AND COMMITMENTS
SHAREHOLDERS’ EQUITY:    
Additional paid-in capital 1,662,155 1,655,781
Retained earnings (accumulated deficit) (1,017,037) (775,578)
Accumulated other comprehensive income (loss) (1,789) (139)
Total shareholders’ equity 644,738 881,443
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,288,757 3,643,678
Common Class A    
SHAREHOLDERS’ EQUITY:    
Common stock 1,369 1,339
Common Class B    
SHAREHOLDERS’ EQUITY:    
Common stock 40 40
Common Class C    
SHAREHOLDERS’ EQUITY:    
Common stock $ 0 $ 0