Financial Statements — IHRT
Balance Sheet
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.17 | 0.14 | 0.19 | 0.24 | 0.17 | 0.43 | 0.36 | 0.36 | 0.21 | 0.17 | 0.19 | 0.30 | 0.29 | 0.28 | 0.37 | 0.58 | 0.53 |
| Accounts Receivable | 0.82 | 0.85 | 0.85 | 0.88 | 0.82 | 0.89 | 0.90 | 0.88 | 0.98 | 1.00 | 0.94 | 0.98 | 0.97 | 0.91 | 0.86 | 0.79 | 0.70 |
| Total Current Assets | 1.29 | 1.29 | 1.35 | 1.35 | 1.16 | 1.51 | 1.42 | 1.41 | 1.35 | 1.34 | 1.27 | 1.41 | 1.37 | 1.32 | 1.36 | 1.51 | 1.37 |
| Property, Plant & Equipment | 0.38 | 0.38 | 0.44 | 0.45 | 0.46 | 0.50 | 0.51 | 0.53 | 0.58 | 0.65 | 0.67 | 0.69 | 0.72 | 0.75 | 0.77 | 0.80 | 0.83 |
| Goodwill | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 | 1.72 | 1.72 | 1.72 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 |
| Intangible Assets | 0.61 | 0.66 | 0.77 | 0.82 | 0.87 | 0.99 | 1.05 | 1.11 | 1.23 | 1.30 | 1.36 | 1.48 | 1.54 | 1.60 | 1.73 | 1.79 | 1.88 |
| Total Non-current Assets* | 3.56 | 3.60 | 3.73 | 4.03 | 4.11 | 4.27 | 4.35 | 5.35 | 5.53 | 5.65 | 6.76 | 6.92 | 7.33 | 7.31 | 7.45 | 7.55 | 7.68 |
| Total Assets | 4.85 | 4.89 | 5.09 | 5.38 | 5.27 | 5.78 | 5.77 | 6.76 | 6.88 | 6.98 | 8.04 | 8.33 | 8.70 | 8.63 | 8.81 | 9.06 | 9.05 |
| Accounts Payable | 0.30 | 0.28 | 0.22 | 0.22 | 0.21 | 0.24 | 0.22 | 0.22 | 0.18 | 0.20 | 0.18 | 0.20 | 0.20 | 0.16 | 0.19 | 0.18 | 0.16 |
| Total Current Liabilities | 0.91 | 0.86 | 0.85 | 0.90 | 0.73 | 0.78 | 0.74 | 0.70 | 0.74 | 0.73 | 0.66 | 0.74 | 0.76 | 0.69 | 0.78 | 1.02 | 0.73 |
| Long-term Debt | 5.04 | 5.04 | 5.12 | 5.14 | 5.05 | 5.22 | 5.22 | 5.22 | 5.23 | 5.32 | 5.40 | 5.55 | 5.63 | 5.74 | 5.74 | 6.00 | 6.00 |
| Retained Earnings | (4.99) | (4.91) | (4.77) | (4.70) | (4.62) | (4.37) | (4.33) | (3.35) | (3.34) | (3.33) | (2.45) | (2.31) | (2.00) | (2.01) | (2.07) | (2.08) | (2.05) |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.98 | 0.88 | 1.13 | 1.00 | 0.93 | 0.81 | 1.12 | 1.01 | 0.93 | 0.80 | 1.07 | 0.95 | 0.92 | 0.81 | 1.13 | 0.99 | 0.95 | 0.84 | 1.06 | 0.93 |
| Selling, General & Admin | 0.46 | 0.43 | 0.48 | 0.41 | 0.41 | 0.38 | 0.46 | 0.42 | 0.43 | 0.39 | 0.47 | 0.39 | 0.39 | 0.40 | 0.43 | 0.40 | 0.38 | 0.38 | 0.41 | 0.39 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | 0.80 | 0.78 | 0.69 | 0.86 | 0.75 | 0.73 | 0.72 | 0.81 | 0.74 | 0.72 | 0.70 | 0.77 | 0.70 |
| Operating Income | 0.04 | 0.00 | 0.09 | (0.12) | 0.04 | (0.03) | 0.10 | 0.08 | (0.91) | (0.03) | 0.08 | 0.07 | (0.90) | (0.05) | 0.17 | (0.21) | 0.08 | 0.01 | 0.12 | 0.08 |
| Pretax Income* | (0.06) | (0.09) | (0.03) | (0.23) | (0.07) | (0.15) | (0.10) | (0.02) | (1.01) | (0.04) | (0.02) | (0.02) | (0.98) | (0.15) | 0.09 | (0.30) | 0.02 | (0.07) | 0.04 | (0.02) |
| Tax Provision | 0.02 | 0.00 | 0.01 | (0.17) | 0.02 | 0.14 | (0.13) | 0.02 | (0.02) | (0.02) | (0.03) | (0.01) | (0.10) | 0.08 | 0.01 | 0.01 | 0.00 | (0.02) | (0.07) | (0.03) |
| Net Income | (0.08) | (0.10) | (0.04) | (0.07) | (0.08) | (0.28) | 0.03 | (0.04) | (0.98) | (0.02) | 0.01 | (0.01) | (0.88) | (0.22) | 0.08 | (0.31) | 0.01 | (0.05) | 0.11 | 0.00 |
| Basic EPS | (0.52) | (0.61) | (0.25) | (0.43) | (0.54) | (1.84) | 0.21 | (0.27) | (6.50) | (0.12) | 0.10 | (0.06) | (5.93) | (1.50) | 0.53 | (2.09) | 0.10 | (0.33) | 0.76 | 0.02 |
| Diluted EPS | (0.52) | (0.61) | (0.25) | (0.43) | (0.54) | (1.84) | 0.21 | (0.27) | (6.50) | (0.12) | 0.10 | (0.06) | (5.93) | (1.50) | 0.53 | (2.09) | 0.10 | (0.33) | 0.76 | 0.02 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 64.88 | (92.54) | 156.26 | (9.55) | 6.82 | (60.94) | 1.21 | 102.77 | 26.73 | (59.28) | 154.10 | 96.17 | 56.77 | (93.98) | 213.38 | 103.11 | 155.80 | (52.21) | 133.98 | 95.74 |
| Capital Expenditures | 18.93 | 21.91 | 18.68 | 23.27 | 20.00 | 19.73 | 25.42 | 29.42 | 21.17 | 21.58 | 12.21 | 28.52 | 22.77 | 39.17 | 48.40 | 40.36 | 49.65 | 22.56 | 82.04 | 50.27 |
| Free Cash Flow* | 45.95 | (114.45) | 137.58 | (32.81) | (13.18) | (80.67) | (24.21) | 73.35 | 5.56 | (80.86) | 141.89 | 67.65 | 34.00 | (133.15) | 164.97 | 62.75 | 106.15 | (74.77) | 51.94 | 45.46 |
| Investing Cash Flow | (21.06) | (23.52) | (8.36) | (17.23) | (20.58) | (20.07) | (23.01) | (32.35) | (22.14) | 78.02 | (11.34) | 19.27 | (20.84) | (38.42) | (46.42) | (33.15) | (29.97) | (19.69) | (86.89) | (41.63) |
| Financing Cash Flow | (4.43) | (19.60) | (69.21) | (16.79) | 81.72 | (11.04) | (149.90) | (3.63) | (1.27) | (3.55) | (10.20) | (67.08) | (58.94) | (15.94) | (126.45) | (68.95) | (110.25) | (0.46) | (64.01) | (268.24) |
* Derived from reported values