Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 37

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 37
---
1,116 Current assets of discontinued operations855 6,654   Other assets1,435 — Total cash, cash equivalents and restricted cash in the Statements of Cash Flows$405,672 $172,072 

18

Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Accounts ReceivableThe following table presents the components of “Accounts receivable, net,” as reported in the Consolidated Balance Sheets:(In thousands)March 31,2025December 31,2024Accounts receivable$305,901 $355,622 Less: Allowance for credit losses(11,912)(11,526)Accounts receivable, net$293,989 $344,096 Credit loss expense (reversal), recognized within “Selling, general and administrative expenses” on the Consolidated Statements of Income (Loss), related to accounts receivable of continuing operations was $0.7 million and $(1.2) million for the three months ended March 31, 2025 and 2024, respectively.Accrued ExpensesThe following table presents the components of “Accrued expenses” as reported in the Consolidated Balance Sheets:(In thousands)March 31,2025December 31,2024Accrued rent$38,006 $54,785 Accrued employee compensation and benefits17,121 41,723 Accrued taxes15,417 14,711 Accrued other(1)78,480 52,396 Total accrued expenses$149,024 $163,615 (1)As of March 31, 2025, accrued other expenses include $19.5 million in unpaid transaction costs related to the international business sales completed in the first quarter of 2025, as described in Note 2.Share-Based CompensationShare-based compensation expense for continuing operations, recognized within “Corporate expenses” on the Consolidated Statements of Income (Loss), was $5.4 million and $4.6 million for the three months ended March 31, 2025 and 2024, respectively.Other Operating Income, NetOther operating income, net, includes net gains from the sale or disposal of operating assets of $6.6 million and $5.3 million for the three months ended March 31, 2025 and