Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 160

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 160
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 components of “Accounts receivable, net” as reported in the Consolidated Balance Sheets:(In thousands)December 31, 2024December 31, 2023Accounts receivable$355,622 $327,474 Less: Allowance for credit losses(11,526)(12,600)Accounts receivable, net$344,096 $314,874 Credit loss expense related to accounts receivable of continuing operations was $2.5 million, $3.6 million, and $4.8 million during 2024, 2023, and 2022, respectively. Accrued ExpensesThe following table discloses the components of “Accrued expenses” as of December 31, 2024 and 2023, respectively:(In thousands)December 31, 2024December 31, 2023Accrued rent$54,785 $61,867 Accrued employee compensation and benefits41,723 37,957 Accrued taxes14,711 17,584 Accrued other52,396 64,763 Total accrued expenses$163,615 $182,171 

86

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

Consolidated Statements of LossThe following table discloses the components of “Other expense, net” for 2024, 2023 and 2022:(In thousands)Year Ended December 31,202420232022Foreign exchange gain (loss)$1,051 $(729)$(1,576)Equity in earnings of nonconsolidated affiliates2,182 1,743 1,943 Other(1)(11,611)(6,713)(1,151)Total other expense, net$(8,378)$(5,699)$(784)(1)In 2024, other expense, net, includes $10.0 million of debt modification expense related to the issuance of the CCOH 7.875% Senior Secured Notes and associated prepayment and refinancing of the Term Loan Facility, as detailed in Note 6. In 2023, other expense, net, includes $4.4 million of debt modification expense related to the issuance of the CCOH 9.000% Senior Secured Notes and associated prepayment of the Term Loan Facility.

NOTE 15