Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 66

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 66
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 operating expenses” in our Consolidated Statements of Income (Loss). During the nine months ended September 30, 2024, we received $5.9 million of rent abatements. Rent abatements totaled $1.4 million for the nine months ended September 30, 2025 and are not expected to continue.

31

Capital Expenditures and Acquisitions

Capital Expenditures

We made the following capital expenditures during the nine months ended September 30, 2025 and 2024:

(In thousands)Nine Months Ended September 30,20252024America$26,882 $35,679 Airports8,631 6,634 Other52 13 Corporate3,728 3,152 Capital expenditures for continuing operations39,293 45,478 Capital expenditures for discontinued operations(1)17,605 39,822 Total capital expenditures(2),(3)$56,898 $85,300 

(1)Capital expenditures for discontinued operations decreased following the sales of our former Europe-North segment businesses and certain Latin American businesses in the first quarter of 2025.

(2)As of September 30, 2025 and 2024, we had accrued but unpaid capital expenditures for continuing operations of $2.9 million and $6.5 million, respectively. For discontinued operations, accrued but unpaid capital expenditures were $1.8 million and $6.1 million, respectively.

(3)Excludes asset acquisitions.

Acquisitions

During the nine months ended September 30, 2025 and 2024, we acquired out-of-home advertising assets in our America segment for total cash consideration of $0.5 million and $8.8 million, respectively. The 2025 acquisitions included permits and easements, while the 2024 acquisitions primarily included permits and digital billboard structures.

In August 2024, we also paid $9.3 million in cash consideration, net of cash acquired, to acquire a business that develops and operates urban infrastructure in Norway, including bike-sharing programs and bus shelters. (This acquisition was subsequently sold as part of the sale of our Europe-North segment.)

Debt Activity, Service Obligations and Covenants

Debt Activity

In March 2024, we issued $865.0 million aggregate principal amount of 7.875% Senior Secured Notes and used a portion of the proceeds to prepay $835.0