Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 6

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 6
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3,854)— — — — — (3,854)Foreign currency translation adjustments(5)— — — (16,406)— (16,411)Balances at June 30, 2024502,696,833 $9,559 $5,027 $3,576,566 $(6,909,712)$(243,750)$(28,267)$(3,590,577)

See Condensed Notes to Consolidated Financial Statements

6

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(In thousands)Six Months Ended June 30,20252024Cash flows from operating activities:  Consolidated net income (loss)$73,862 $(127,717)Reconciling items:Non-cash operating lease expense (net of interest)113,219 131,819 Depreciation, amortization and impairment86,339 126,246 Gains on dispositions of businesses and/or operating assets, net(144,276)(6,197)Share-based compensation12,762 12,845 Amortization of deferred financing charges and note discounts5,329 5,838 Foreign exchange transaction loss (gain)4,550 (3,996)Credit loss expense1,606 164 Deferred taxes9,537 (5,795)(Gain) loss on extinguishment of debt, net, and debt modification expense(23,396)16,785 Other reconciling items, net(1,103)(796)Changes in operating assets and liabilities, net of effects of dispositions:Decrease in accounts receivable32,135 42,617 Decrease (increase) in prepaid expenses and other operating assets(7,907)3,160 Decrease in accounts payable and accrued expenses(51,899)(65,885)Decrease in operating lease liabilities (cash payments, net of interest)(124,080)(141,260)Decrease in accrued interest(8,790)(4,035)Increase in deferred revenue27,151 18,128 Decrease in other operating liabilities(2,713)(5,893)Net cash provided by (used for) operating activities2,326 (3,972)Cash flows from investing activities:  Capital expenditures(42,080)(51,828