5 unchanged sentences
There were 21,589,449 shares of our Class B common stock outstanding on February 18, 2022.
−Removed: Holders of shares of the Successor Company's Class B common stock are generally entitled to convert shares of Class B common stock into shares of Class A common stock on a one-for-one basis, subject to the Company’s ability to restrict conversion in order to comply with the Communications Act of 1934, as amended (the “Communications Act”) and Federal Communications Commission (“FCC”) regulations.
+Added: Holders of shares of the Company's Class B common stock are generally entitled to convert shares of Class B common stock into shares of Class A common stock on a one-for-one basis, subject to the Company’s ability to restrict conversion in order to comply with the Communications Act of 1934, as amended (the “Communications Act”) and Federal Communications Commission (“FCC”) regulations.
There were 30 stockholders of record of our Class B common stock as of February 18, 2022.
10 unchanged sentences
Stock Performance Graph
−Removed: The following chart provides a comparison of the cumulative total returns, adjusted for any stock splits and dividends, for iHeartMedia, Inc., our Radio Index* and the Nasdaq Stock Market Index for the period fro m July 18, 2019, t he day our Class A common stock was listed and began trading on the Nasdaq, through December 31, 2020.
+Added: The following chart provides a comparison of the cumulative total returns, adjusted for any stock splits and dividends, for iHeartMedia, Inc., our Radio Index* and the Nasdaq Stock Market Index for the period from July 18, 2019, the day our Class A common stock was listed and began trading on the Nasdaq, through December 31, 2021.
Indexed Stock Price Close
1 unchanged sentence
Yahoo Finance
−Removed: * We have constructed a peer group index comprised of other radio companies that includes Cumulus Media, Beasley Broadcast Group and Entercom Communications.
−Removed: Our peer group index previously included Emmis Communications, which delisted from Nasdaq in 2020 and we have replaced with Beasley Broadcast Group.
+Added: * We have constructed a peer group index comprised of other radio companies that includes Cumulus Media, Beasley Broadcast Group and Audacy, Inc.
+Added: changed its name from Entercom Communications in March 2021.
7/18/19 12/31/19 3/31/20 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21
13 unchanged sentences
(1) The shares indicated consist of shares of our Class A common stock tendered by employees to us during the three months ended December 31, 2021 to satisfy the employees’ tax withholding obligation in connection with the vesting and release of restricted shares, which are repurchased by us based on their fair market value on the date the relevant transaction occurs.
−Removed: SELECTED FINANCIAL DATA
−Removed: The following tables set forth our selected historical consolidated financial and other data as of the dates and for the periods indicated.
−Removed: The selected historical financial data are derived from our audited consolidated financial statements.
−Removed: Certain prior period amounts have been reclassified to conform to the 2020 presentation.
−Removed: Historical results are not necessarily indicative of the results to be expected for future periods.
−Removed: Acquisitions and dispositions impact the comparability of the historical consolidated financial data reflected in this schedule of Selected Financial Data.
−Removed: The selected historical consolidated financial and other data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the related notes thereto located within Item 8 of Part II of this Annual Report on Form 10-K.
−Removed: (In thousands, except per share data) Successor Company Predecessor Company
−Removed: For the Year Ended December 31, Period from May 2, 2019 through December 31, Period from January 1, 2019 through May 1, For the Years Ended December 31,
−Removed: 2020 2019 2019 2018 2017 2016
−Removed: Results of Operations Data:
−Removed: Revenue $ 2,948,218 $ 2,610,056 $ 1,073,471 $ 3,611,323 $ 3,586,647 $ 3,574,633
−Removed: Operating expenses:
−Removed: Direct operating expenses (excludes depreciation and amortization)
−Removed: 1,163,148 878,956 381,184 1,132,439 1,121,088 1,024,402
−Removed: Selling, general and administrative expenses (excludes depreciation and amortization)
−Removed: 1,225,097 897,670 427,230 1,350,157 1,318,346 1,202,841
−Removed: Corporate expenses (excludes depreciation and amortization)
−Removed: 144,572 136,171 53,647 184,216 174,400 187,263
−Removed: Depreciation and amortization 402,929 249,623 52,834 211,951 275,304 291,103
−Removed: Impairment charges (1)
−Removed: 1,738,752 — 91,382 33,150 6,040 726
−Removed: Other operating (income) expense, net 11,344 8,000 154 9,266 (9,313) 1,132
−Removed: Operating income (loss) (1,737,624) 439,636 67,040 690,144 700,782 867,166
−Removed: Interest expense (income), net 343,745 266,773 (499) 334,798 1,484,435 1,475,090
−Removed: Loss on investments (9,346) (20,928) (10,237) (472) (3,827) (13,438)
−Removed: Equity in earnings (loss) of nonconsolidated affiliates (379) (279) (66) 116 (1,865) (15,044)
−Removed: Gain on extinguishment of debt — — — — 1,271 157,556
−Removed: Other income (expense), net (7,751) (18,266) 23 (23,007) (45,122) (2,420)
−Removed: Reorganization items, net — — 9,461,826 (356,119) — —
−Removed: Income (loss) from continuing operations before income taxes (2,098,845) 133,390 9,519,085 (24,136) (833,196) (481,270)
−Removed: Income tax benefit (expense) 183,623 (20,091) (39,095) (13,836) 177,188 127,130
−Removed: Income (loss) from continuing operations (1,915,222) 113,299 9,479,990 (37,972) (656,008) (354,140)
−Removed: Income (loss) from discontinued operations, net of tax — — 1,685,123 (164,667) 197,297 107,568
−Removed: Net income (loss) (1,915,222) 113,299 11,165,113 (202,639) (458,711) (246,572)
−Removed: Less amount attributable to noncontrolling interest (523) 751 (19,028) (729) (60,651) 55,484
−Removed: Net income (loss) attributable to the Company $ (1,914,699) $ 112,548 $ 11,184,141 $ (201,910) $ (398,060) $ (302,056)
−Removed: (In thousands, except per share data) Successor Company Predecessor Company
−Removed: For the Year Ended December 31, Period from May 2, 2019 through December 31, Period from January 1, 2019 through May 1, For the Years Ended December 31,
−Removed: 2020 2019 2019 2018 2017 2016
−Removed: Net income (loss) per common share:
−Removed: From continuing operations $ (13.12) $ 0.77 $ 109.92 $ (0.44) $ (7.71) $ (4.19)
−Removed: From discontinued operations — — 19.76 (1.93) 3.02 0.62
−Removed: Basic net income (loss) per share $ (13.12) $ 0.77 $ 129.68 $ (2.36) $ (4.68) $ (3.57)
−Removed: From continuing operations $ (13.12) $ 0.77 $ 109.92 $ (0.44) $ (7.71) $ (4.19)
−Removed: From discontinued operations — — 19.76 (1.93) 3.02 0.62
−Removed: Diluted net income (loss) per share $ (13.12) $ 0.77 $ 129.68 $ (2.36) $ (4.68) $ (3.57)
−Removed: (1) We recorded non-cash impairment charges of $1,738.8 million, $0.0 million, $91.4 million $33.2 million, $6.0 million and $0.7 million during 2020, the period from May 2, 2019 through December 31, 2019, the period from January 1, 2019 through May 1, 2019, 2018, 2017 and 2016, respectively.
−Removed: Our impairment charges are discussed more fully in Item 8 of Part II of this Annual Report on Form 10-K.
−Removed: (In thousands) Successor Company Predecessor Company
−Removed: As of December 31, As of December 31,
−Removed: 2020 2019 2018 2017 2016
−Removed: Balance Sheet Data:
−Removed: Current assets $ 1,618,976 $ 1,416,348 $ 2,235,017 $ 2,067,347 $ 2,494,229
−Removed: Property, plant and equipment, net 811,702 846,876 502,202 489,685 535,329
−Removed: Total assets 9,202,961 11,021,099 12,269,515 12,260,431 12,851,789
−Removed: Current liabilities 717,804 667,398 1,247,649 16,354,597 1,674,574
−Removed: Long-term debt, net of current maturities 5,982,155 5,756,504 — 410,661 14,912,060
−Removed: Liabilities subject to compromise — — 16,480,256 — —
−Removed: Stockholders' equity (deficit) 1,050,817 2,945,441 (11,560,342) (11,344,344) (10,901,861)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.