Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - REGENT COMMUNICATIONS INC | l39388e8vk.htm |
| EX-2.2 - EX-2.2 - REGENT COMMUNICATIONS INC | l39388exv2w2.htm |
| EX-2.1 - EX-2.1 - REGENT COMMUNICATIONS INC | l39388exv2w1.htm |
| EX-99.1 - EX-99.1 - REGENT COMMUNICATIONS INC | l39388exv99w1.htm |
Exhibit 99.2
REGENT COMMUNICATIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEET
(UNAUDITED)
(In thousands, except share amounts)
CONDENSED CONSOLIDATED BALANCE SHEET
(UNAUDITED)
(In thousands, except share amounts)
| February 28, | ||||
| 2010 | ||||
ASSETS |
||||
Current assets: |
||||
Cash and cash equivalents |
$ | 10,643 | ||
Restricted cash |
300 | |||
Accounts receivable, net of allowance of $551
at February 28, 2010 |
11,625 | |||
Assets held for sale |
156 | |||
Other current assets |
3,223 | |||
Total current assets |
25,947 | |||
Property and equipment, net |
29,410 | |||
Intangible assets, net |
97,729 | |||
Goodwill |
11,172 | |||
Deferred tax assets |
— | |||
Other assets |
1,619 | |||
Total assets |
$ | 165,877 | ||
LIABILITIES AND STOCKHOLDERS’ DEFICIT |
||||
Current liabilities: |
||||
Current portion of long-term debt |
$ | 187,730 | ||
Accounts payable |
1,501 | |||
Accrued compensation |
905 | |||
Other current liabilities |
21,778 | |||
Total current liabilities |
211,914 | |||
Other long-term liabilities |
2,549 | |||
Total liabilities |
214,463 | |||
Commitments and contingencies |
||||
Stockholders’ deficit: |
||||
Common stock, $.01 par value, 100,000,000 shares authorized;
50,955,743 shares issued at February 28, 2010 |
510 | |||
Treasury stock, 7,950,723 shares, at cost, at February 28, 2010 |
(40,832 | ) | ||
Additional paid-in capital |
339,322 | |||
Accumulated deficit |
(347,586 | ) | ||
Total stockholders’ deficit |
(48,586 | ) | ||
Total liabilities and stockholders’ deficit |
$ | 165,877 | ||
Regent Communications, Inc. and its wholly-owned subsidiaries filed a joint petition for reorganization under
Chapter 11 of the U.S Bankruptcy Code on March 1, 2010.
Chapter 11 of the U.S Bankruptcy Code on March 1, 2010.