iHeartMedia (iHeartMedia) Change In Receivables : $-31 Mil (TTM As of Dec. 2023)

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What is iHeartMedia Change In Receivables?

iHeartMedia's change in receivables for the quarter that ended in Dec. 2023 was $-62 Mil. It means iHeartMedia's Accounts Receivable increased by $62 Mil from Sep. 2023 to Dec. 2023 .

iHeartMedia's change in receivables for the fiscal year that ended in Dec. 2023 was $-31 Mil. It means iHeartMedia's Accounts Receivable increased by $31 Mil from Dec. 2022 to Dec. 2023 .

iHeartMedia's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,041 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. iHeartMedia's Days Sales Outstanding for the three months ended in Dec. 2023 was 89.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. iHeartMedia's liquidation value for the three months ended in Dec. 2023 was $-6,210 Mil.

iHeartMedia Change In Receivables Historical Data

The historical data trend for iHeartMedia's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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iHeartMedia Change In Receivables Chart

iHeartMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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77.34

-205.20

-20.87

-31.09

iHeartMedia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-59.55	94.76	-80.70	16.71	-61.86

iHeartMedia Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31 Mil.

iHeartMedia (NAS:IHRT) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

iHeartMedia's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1041.214	/	1066.783	*	91
=	89.06

2. In Ben Graham's calculation of liquidation value, iHeartMedia's accounts receivable are only considered to be worth 75% of book value:

iHeartMedia's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	346.382	-	7337.369	+	0.75 * 1041.214	+	0.5 * 0
=	-6,210

iHeartMedia Change In Receivables Related Terms

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iHeartMedia (iHeartMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iHeartMedia Inc (NAS:IHRT) » Definitions » Change In Receivables

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IHRTB:USA

Address

20880 Stone Oak Parkway, San Antonio, TX, USA, 78258

Website

https://www.iheartmedia.com

iHeartMedia Inc is a us-based diversified media and entertainment company. It operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.

Executives

Robert W Pittman	director, officer: Chief Executive Officer	C/O CENDANT, 9 WEST 57TH ST, NEW YORK NY 10019
Scott D Hamilton	officer: See Remarks	200 EAST BASSE ROAD, SAN ANTONIO TX 78209
Michael B Mcguinness	officer: EVP-Finance & Deputy CFO	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Richard J Bressler	director, officer: President, COO and CFO	1515 BROADWAY, NEW YORK NY 10036
James A Rasulo	director	20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258
Global Media & Entertainment Investments Ltd	10 percent owner	C/O RHONE, BLDG. 2, WESTERN BUS. CNTR., MT. PLEASANT VLG., WESTERN RD, SP63131, NASSAU C5 00000
Simon Groom	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Global Media & Entertainment Investments Trust	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Michael Tabor	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
James W. Hill	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Samuel Eli Englebardt	director	C/O IHEARTMEDIA, INC., 20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258
Silver Point Capital L.p.	10 percent owner	TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Edward A Mule	director, 10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Robert J O'shea	director, 10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Jordan Fasbender	officer: SEE BELOW	C/O IHEARTMEDIA, INC., 20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258