Policy and Strategy in Global Competition – BUSI 690

BUSI 690

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................1
1. Key Financial Statements with changes and deltas.................................................................1
2. Key Ratio Analysis with changes and deltas..........................................................................9
REFERENCES..............................................................................................................................11

MAIN BODY
1. Key Financial Statements with changes and deltas
Financial Statements of Clear Channel Communication for last three years
Balance sheet 2017 2016 2015
Amount % change Amount % change Amount % change
CURRENT ASSETS
Cash and cash
equivalents 267109
2.17862650
99 845030
6.56984739
91 772678
5.65107512
08
Accounts receivable 1508370
12.3027485
738 1364404
10.6078199
245 1442038
10.5465214
035
Prepaid expenditures 209330
1.70736248
99 184586
1.43509917
05 189055
1.38267688
09
Assets held for sale 0 55602
0.43228838
63 295075
2.15806712
66
Other CA 82538
0.67320634
98 55065
0.42811337
71 79269
0.57974353
32
Total Current
Assets 2067347
16.8619439
235 2504687
19.4731682
575 2778115
20.3180840
65
PPE 0 0 0
Structures 1180882
9.63165161
16 1196676
9.30378650
01 1391880
10.1796847
317
Other property, plant
and equipment (PPE) 703832
5.74067910
01 751486
5.84257167
51 820676
6.00211436
82
Indefinite-lived
intangibles - licenses 2451813
19.9977716
933 2413899
18.7673195
827 2413483
17.6513033
058
Indefinite-lived 977152 7.96996451 960966 7.47121401 971327 7.10391889
1

intangibles - permits 43 11 49
Other intangibles 550056
4.48643281
79 740508
5.75722111
39 953660
6.97470912
81
Goodwill 4051082
33.0419216
094 4066575
31.6163653
209 4128887
30.1971204
075
Other assets 278267
2.26963472
98 227450
1.76835353
88 215087
1.57306509
89
Total Assets 12260431 100 12862247 100 13673115 100
CURRENT
LIABILITIES 0
Accounts payable 163449
1.33314236
67 146772
1.14110699
32 153276
1.12100278
54
Accrued expenses 764275
6.23367155
69 742617
5.77361793
78 834416
6.10260353
99
Accrued interest 268102
2.18672573
58 264170
2.05384020
38 279100
2.04123200
89
Deferred income 186404
1.52037069
5 200103
1.55573905
55 210924
1.54261848
89
long-term debt
(Current portion) 14972367
122.119418
151 342908
2.66600384
83 181512
1.32751022
72
Total Current
Liabilities 16354597
133.393328
5053 1696570
13.1903080
387 1659228
12.1349670
503
Long-term debt 5676814
46.3019122
248 20022080
155.665491
4184 20539099
150.215214
3092
Deferred income
taxes 959390
7.82509195
64 1457095
11.3284638
368 1554898
11.3719368
264
Other long-term 597085 4.87001639 571977 4.44694461 526571 3.85114145
2