iHeartMedia – November M.O.R. Reports Operating Income of $107.1mn and $67.9mn in Operating Cash Flow on $343.7mn in Revenue

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December 31, 2018 – iHeartMedia filed with the U.S. Bankruptcy Court a monthly operating report for November 2018 [Docket No. 2276]. For the month, the Company reported operating income of $107.1mn and a net Income of $104.2mn on $343.7mn in revenue. Operating expenses for the period were $236.6mn, comprised of (i) $90.9mn in direct operating expenses, (ii) $114.3mn in selling, general and administrative expenses, (iii) $20.1mn in corporate expenses and (iv) $10.6mn in depreciation and amortization. Non-operating expenses for the period were $11.9mn, comprised almost entirely of $11.8mn in reorganization costs. Total operating receipts were $301.2mn and total operating disbursements were $233.3mn resulting in operating cash flow for the period of $67.9mn; with total cash flow recorded of $36.7mn.

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