Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 18

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 18
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ITEM 1. FINANCIAL STATEMENTS

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Page NumberFinancial Statements:Consolidated Balance Sheets3Consolidated Statements of Income (Loss)4Consolidated Statements of Comprehensive Income (Loss)5Consolidated Statements of Changes in Stockholders' Deficit6Consolidated Statements of Cash Flows7Condensed Notes to Consolidated Financial Statements:Note 1. Basis of Presentation8Note 2. Dispositions and Discontinued Operations9Note 3. Segment Data12Note 4. Revenue14Note 5. Long-Term Debt15Note 6. Commitments and Contingencies16Note 7. Income Taxes16Note 8. Property, Plant and Equipment 16Note 9. Intangible Assets and Goodwill17Note 10. Net Income (Loss) Per Share18Note 11. Other Information18

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Table of Contents

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)March 31,2025December 31,2024 (Unaudited)CURRENT ASSETS  Cash and cash equivalents$395,809 $109,707 Accounts receivable, net293,989 344,096 Prepaid expenses26,494 27,112 Other current assets4,503 2,093 Current assets of discontinued operations141,712 1,176,036 Total Current Assets862,507 1,659,044 PROPERTY, PLANT AND EQUIPMENT Structures, net326,563 335,761 Other property, plant and equipment, net140,494 144,226 INTANGIBLE ASSETS AND GOODWILL  Permits, net 596,970 613,305 Other intangible assets, net215,933 218,465 Goodwill507,819 507,819 OTHER ASSETSOperating lease right-of-use assets1,322,442 1,315,529 Other assets18,158 10,114 Total Assets$3,990,886 $4,804,263 CURRENT LIABILITIES  Accounts payable$41,145 $38,769 Accrued expenses149,024 163,615 Current operating lease liabilities131