Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 154

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 154
---
 as of July 1 each year, or more frequently as events or changes in circumstances warrant. The Company did not recognize any impairments of goodwill related to continuing operations during 2024, 2023 or 2022.

81

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

NOTE 12 – ASSET RETIREMENT OBLIGATIONS

The following table presents the activity related to the Company’s asset retirement obligations:(In thousands)Year Ended December 31,20242023Beginning balance$23,096 $19,806 Additions and adjustments due to changes in estimates2,685 2,384 Accretion of liability2,026 1,743 Liabilities settled(952)(837)Ending balance$26,855 $23,096 

NOTE 13 – STOCKHOLDERS’ DEFICIT

Share-Based CompensationShare-Based Compensation PlansThe Company has historically granted equity incentive awards to executive officers and other eligible participants under the 2012 Amended and Restated Stock Incentive Plan, which was amended and restated in 2021 (the “2021 Stock Incentive Plan”). On May 16, 2024, the Company’s stockholders approved the adoption of the 2012 Third Amended and Restated Equity Incentive Plan (the “2024 Stock Incentive Plan”), which amends and restates the 2021 Stock Incentive Plan.The 2024 Stock Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, and performance-based cash and stock awards to the Company’s or its subsidiaries’ directors, officers, employees, consultants or advisors. As of December 31, 2024, the Company had 37,941,575 shares available for issuance under the 2024 Stock Incentive Plan, assuming a 100% payout of the Company’s outstanding performance stock units. The shares available for issuance reflect shares granted to all employees, including those of the Company’s discontinued operations.Share-Based Compensation ExpenseShare-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the vesting period. Share-based compensation expense for continuing operations, which is recognized within “Corporate expenses” on the Consolidated Statements of Loss, was as follows:(In thousands)Year Ended December 31,