This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

CC Media Holdings, Inc. Reports Results For 2013 Third Quarter

TABLE 2 - Selected Balance Sheet Information

Selected balance sheet information for September 30, 2013 and December 31, 2012:

(In millions) September 30, December 31,
  2013     2012  
Cash $ 711.1 $ 1,225.0
Total Current Assets 2,479.7 2,987.8
Net Property, Plant and Equipment 2,881.3 3,036.9
Total Assets 15,231.2 16,292.7
Current Liabilities (excluding current portion of long-term debt) 1,259.3 1,400.4
Long-Term Debt (including current portion of long-term debt) 20,411.2 20,747.1
Shareholders’ Deficit (8,370.8 ) (7,995.2 )

TABLE 3 – Total Debt

At September 30, 2013 and December 31, 2012, CC Media Holdings had total debt of:

(In millions) September 30, December 31,
  2013     2012  
Senior Secured Credit Facilities $ 8,227.5 $ 9,075.5
Receivables based facility 247.0 -
Priority Guarantee Notes 4,324.8 3,749.8
Other secured debt   22.3     25.5  
Total Consolidated Secured Debt $ 12,821.6 $ 12,850.8
Senior Cash Pay and Senior Toggle Notes $ 788.1 $ 1,626.1
Senior Notes 781.7 -
Clear Channel Senior Notes 1,436.5 1,748.6
Subsidiary Senior Notes 2,725.0 2,725.0
Subsidiary Senior Subordinated Notes 2,200.0 2,200.0
Other long-term debt 3.5 5.6
Purchase accounting adjustments and original issue discount   (345.2 )   (409.0 )
Total long term debt (including current portion of long-term debt) $ 20,411.2   $ 20,747.1  

The current portion of long-term debt was $433 million as of September 30, 2013.

7 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs