Company research
AUDACY, INC.
CIK 1067837Updated Sep 29, 2026
Name history
ENTERCOM COMMUNICATIONS CORP · through Mar 30, 2021
Filing activity
Latest filing
50 filings on record · 15-12G, 8-K, 10-Q, 10-K/A, 10-K, EFFECT.
Recent filings
Show 5 more recent filings
Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,900,440,000Source | 3,284,893,000Source | 3,421,889,000Source | 3,288,757,000Source |
| Property, Plant and Equipment, NetUSD | 284,681,000Source | 344,690,000Source | 376,028,000Source | 340,318,000Source |
| GoodwillUSD | 63,915,000Source | 63,915,000Source | 82,176,000Source | 62,215,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 117,373,000Source | 68,996,000Source | 34,771,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 69,694,000Source | 103,344,000Source | 59,439,000Source | 30,964,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 258,088,000Source | 261,357,000Source | 276,044,000Source | 276,102,000Source |
| Assets, CurrentUSD | 401,619,000Source | 437,051,000Source | 403,629,000Source | 354,570,000Source |
| Operating Lease, Right-of-Use AssetUSD | 202,010,000Source | 211,022,000Source | 229,607,000Source | 236,903,000Source |
| Other Assets, NoncurrentUSD | 22,772,000Source | 130,510,000Source | 74,865,000Source | 41,023,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,515,193,000Source | 2,764,274,000Source | 2,769,684,000Source | 2,644,019,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -2,297,270,000Source | -1,160,618,000Source | -1,020,142,000Source | -1,017,037,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | 2,942,000Source | -289,000Source | -1,789,000Source |
| Stockholders' Equity Attributable to ParentUSD | -614,753,000Source | 520,619,000Source | — | — |
| Additional Paid in Capital, Common StockUSD | 1,682,467,000Source | 1,676,843,000Source | 1,671,195,000Source | 1,662,155,000Source |
| Liabilities and EquityUSD | 1,900,440,000Source | 3,284,893,000Source | 3,421,889,000Source | 3,288,757,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,187,946,000Source | 207,854,000Source | 233,775,000Source | 193,528,000Source |
| Operating Lease, Liability, CurrentUSD | 37,631,000Source | 40,815,000Source | 39,598,000Source | 40,439,000Source |
| Accounts Payable, CurrentUSD | 21,742,000Source | 14,002,000Source | 18,897,000Source | 13,776,000Source |
| Operating Lease, Liability, NoncurrentUSD | 201,802,000Source | 196,654,000Source | 217,281,000Source | 229,400,000Source |
| Deferred Income Tax Liabilities, NetUSD | 101,937,000Source | 453,378,000Source | 487,665,000Source | 473,398,000Source |
| Other Liabilities, NoncurrentUSD | 23,508,000Source | 26,026,000Source | 48,832,000Source | 57,744,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 73,519,000Source | 72,488,000Source | 68,423,000Source | 59,828,000Source |
| Deferred Tax Liabilities, NetUSD | 101,937,000Source | 453,378,000Source | 487,665,000Source | 473,398,000Source |
| Dividends Payable, CurrentUSD | 1,000Source | 229,000Source | 351,000Source | 437,000Source |
| Dividends PayableUSD | 20,000Source | 230,000Source | 443,000Source | 914,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 1,880,362,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,924,023,000Source | 0Source | 22,727,000Source | 5,488,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 0Source | 1,880,362,000Source | 1,782,131,000Source | 1,689,949,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 73,943,000Source | 65,786,000Source | 52,238,000Source | 50,231,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,387,000Source | 7,297,000Source | 11,185,000Source | 11,134,000Source |
| Deferred Income Tax Expense (Benefit)USD | -350,371,000Source | -37,151,000Source | 13,963,000Source | -76,978,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -65,214,000Source | 542,000Source | 59,298,000Source | 85,226,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,093,000Source | -27,272,000Source | -125,084,000Source | -51,659,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 48,228,000Source | 80,821,000Source | 76,607,000Source | 29,630,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 1,000Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 39,957,000Source | 70,635,000Source | 94,261,000Source | -22,996,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | 0Source | 0Source | 2,692,000Source |
| Repayments of Long-term DebtUSD | — | 0Source | 121,635,000Source | 15,994,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -30,350,000Source | 43,905,000Source | 28,475,000Source | 10,571,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 72,994,000Source | 103,344,000Source | 59,439,000Source | 30,964,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 71,359,000Source | 102,763,000Source | 82,476,000Source | 86,263,000Source |
| Income Taxes Paid, NetUSD | 1,728,000Source | -14,554,000Source | -300,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 4,387,000Source | 8,329,000Source | 12,934,000Source | 9,255,000Source |
| Amortization of Deferred ChargesUSD | — | 39,431,000Source | 25,004,000Source | 20,594,000Source |
| Amortization of Debt Issuance CostsUSD | 5,027,000Source | 4,092,000Source | 4,030,000Source | 586,000Source |
| Amortization of Intangible AssetsUSD | 42,643,000Source | 9,427,000Source | 10,140,000Source | 8,861,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | 0Source | 0Source |
| DepreciationUSD | 31,300,000Source | 31,471,000Source | 32,847,000Source | 33,618,000Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | 0Source |
| Dividends Payable, CurrentUSD | 1,000Source | 229,000Source | 351,000Source | 437,000Source |
| Dividends PayableUSD | 20,000Source | 230,000Source | 443,000Source | 914,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | -300,000Source | — |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | 139,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | 8,363,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 26,784,000Source | 47,737,000Source | 0Source | 139,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | -8,168,000Source | 0Source |
| General and Administrative ExpenseUSD | 135,536,000Source | 96,384,000Source | 93,411,000Source | 64,560,000Source |
| GoodwillUSD | 63,915,000Source | 63,915,000Source | 82,176,000Source | 62,215,000Source |
| Goodwill, Impairment LossUSD | 0Source | 18,126,000Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 1,289,499,000Source | 159,089,000Source | 0Source | 261,929,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 1,289,499,000Source | 159,089,000Source | 0Source | 261,929,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -242,224,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | -349,457,000Source | -40,275,000Source | -238,000Source | -83,879,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,136,871,000Source | -140,671,000Source | -3,572,000Source | -242,224,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,136,871,000Source | -140,671,000Source | — | -242,224,000Source |
| Nonoperating Income (Expense)USD | 261,000Source | 238,000Source | 641,000Source | 0Source |
| Operating Costs and ExpensesUSD | 1,014,078,000Source | 1,030,487,000Source | 976,973,000Source | 907,796,000Source |
| Operating ExpensesUSD | 2,517,396,000Source | 1,327,357,000Source | 1,132,344,000Source | 1,299,905,000Source |
| Operating Lease, ExpenseUSD | 62,152,000Source | 60,434,000Source | 59,571,000Source | 58,656,000Source |
| Operating Lease, Impairment LossUSD | 14,111,000Source | 2,892,000Source | 556,000Source | 1,064,000Source |
| Other Nonoperating Income (Expense)USD | 261,000Source | 238,000Source | 446,000Source | — |
| Payments to Acquire InvestmentsUSD | — | — | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | 0Source | 86,000Source | 0Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 1,168,939,000Source | 1,253,664,000Source | 1,219,404,000Source | 1,060,898,000Source |
| Operating Income (Loss)USD | -1,348,457,000Source | -73,693,000Source | 87,060,000Source | -239,007,000Source |
| Other Nonoperating Income (Expense)USD | 261,000Source | 238,000Source | 446,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,486,328,000Source | -180,946,000Source | -3,810,000Source | — |
| Income Tax Expense (Benefit)USD | -349,457,000Source | -40,275,000Source | -238,000Source | -83,879,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,136,871,000Source | -140,671,000Source | -3,572,000Source | -242,224,000Source |
| Earnings Per Share, BasicUSD per share | -241.58Source | -1.01Source | -0.03Source | -1.8Source |
| Earnings Per Share, DilutedUSD per share | -241.58Source | -1.01Source | -0.03Source | -1.8Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,706,015Source | 138,653,951Source | 135,981,419Source | 134,570,672Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,706,015Source | 138,653,951Source | 135,981,419Source | 134,570,672Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 42,643,000Source | 9,427,000Source | 10,140,000Source | 8,861,000Source |
| Current Income Tax Expense (Benefit)USD | 914,000Source | -3,124,000Source | -14,201,000Source | -6,901,000Source |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 135,536,000Source | 96,384,000Source | 93,411,000Source | 64,560,000Source |
| Goodwill, Impairment LossUSD | 0Source | 18,126,000Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -242,224,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | — | -1.8Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | — | -1.8Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Interest and Other IncomeUSD | 0Source | 70,000Source | 50,000Source | 69,000Source |
| Interest ExpenseUSD | 138,132,000Source | 107,491,000Source | 91,511,000Source | 87,096,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,136,871,000Source | -140,671,000Source | — | -242,224,000Source |
| Nonoperating Income (Expense)USD | 261,000Source | 238,000Source | 641,000Source | 0Source |
| Operating Costs and ExpensesUSD | 1,014,078,000Source | 1,030,487,000Source | 976,973,000Source | 907,796,000Source |
| Operating ExpensesUSD | 2,517,396,000Source | 1,327,357,000Source | 1,132,344,000Source | 1,299,905,000Source |
| Operating Lease, ExpenseUSD | 62,152,000Source | 60,434,000Source | 59,571,000Source | 58,656,000Source |
| Other Cost and Expense, OperatingUSD | — | — | — | 0Source |
| Other ExpensesUSD | 533,000Source | 688,000Source | 992,000Source | — |
| Restructuring and Related Cost, Incurred CostUSD | 14,975,000Source | 10,008,000Source | 5,671,000Source | 11,981,000Source |