Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 152

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 152
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953 $1,833,886 Land, buildings and improvements130,325 131,126 Furniture and other equipment96,500 96,490 Construction in progress31,682 31,507 Property, plant and equipment, gross2,106,460 2,093,009 Less: Accumulated depreciation(1,626,473)(1,603,275)Property, plant and equipment, net$479,987 $489,734 Asset AcquisitionsIn 2024, the Company acquired digital billboard structures of $1.7 million. In 2023, the Company acquired digital billboard structures of $1.8 million and land of $0.1 million.DepreciationTotal depreciation expense related to property, plant and equipment for continuing operations for 2024, 2023 and 2022 was $95.7 million, $118.8 million, and $139.1 million, respectively. As certain assets have become fully depreciated, depreciation expense has decreased.ImpairmentThe Company did not recognize any impairments of property, plant and equipment related to continuing operations during 2024, 2023 or 2022.

NOTE 11 – INTANGIBLE ASSETS AND GOODWILLIntangible AssetsThe following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of December 31, 2024 and 2023:(In thousands)December 31, 2024December 31, 2023 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated AmortizationPermits$758,482 $(145,177)$746,126 $(80,439)Permanent easements165,031 — 163,293 — Trademarks83,569 (47,533)83,569 (39,214)Transit, street furniture and other outdoor   contractual rights206,283 (188,885)206,283 (183,680)Total intangible assets$1,213,365 $(381,595)$1,199,271 $(303,333)

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Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Asset AcquisitionsDuring 2024, the Company acquired permits of $12.7 million and permanent easements of $2.4 million,