XML 86 R52.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
FRESH START ACCOUNTING - Narrative (Details)
4 Months Ended 12 Months Ended
May 01, 2019
USD ($)
$ / shares
shares
May 01, 2019
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
station
$ / shares
shares
May 02, 2019
USD ($)
Mar. 31, 2019
Dec. 31, 2018
USD ($)
$ / shares
shares
Debt Instrument [Line Items]            
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    
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          
Common stock shares issued (in shares) | shares     145,727,707      
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        
Number of securities called by warrants or rights (in shares) | shares 81,453,648 81,453,648        
Employee related charges $ 1,500,000 $ 1,500,000        
Number of radio stations | station     854      
Accrued Reorganization Items, Net     $ 400,000      
Fair value adjustment $ 2,240,900,000 $ 2,240,900,000        
Operating lease weighted average discount rate 6.54% 6.54% 6.52%   12.44%  
Fresh start adjustment to Operating lease right-of-use assets $ 554,278,000 $ 554,278,000 $ 541,200,000      
Operating lease right-of-use assets     881,762,000     $ 0
Finance lease, liability 900,000 $ 900,000        
Accrued professional fees           $ 47,500,000
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        
iHeartCommunications, Inc.            
Debt Instrument [Line Items]            
Percentage of economic rights prior to reorganization 89.10%          
Percentage of voting rights prior to reorganization 99.00%          
Term Loan Facility            
Debt Instrument [Line Items]            
Secured debt $ 3,500,000,000 $ 3,500,000,000        
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]            
Unsecured Debt $ 1,450,000,000 $ 1,450,000,000        
Senior Notes | iHeartCommunications, Inc. | 6.375% Senior Secured Notes due 2026            
Debt Instrument [Line Items]            
Stated interest rate 6.375% 6.375%        
Line of Credit | Asset-based Revolving Credit Facility Due 2023            
Debt Instrument [Line Items]            
Maximum borrowing capacity     450,000,000      
Revolving Credit Facility | Line of Credit | Asset-based Revolving Credit Facility Due 2023            
Debt Instrument [Line Items]            
Maximum borrowing capacity     450,000,000      
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      
Class A Shares            
Debt Instrument [Line Items]            
Common stock shares issued (in shares) | shares 56,861,941 56,861,941 57,776,204     32,292,944
Class B Shares            
Debt Instrument [Line Items]            
Common stock shares issued (in shares) | shares 6,947,567 6,947,567 6,904,910     555,556
Licensing Agreements            
Debt Instrument [Line Items]            
Fair value adjustment $ 44,900,000 $ 44,900,000        
Customer Relationships            
Debt Instrument [Line Items]            
Fair value adjustment $ 1,604,100,000 $ 1,604,100,000