Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 46

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 46
---
18

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

U.S. Tax ReformOn July 4, 2025, the One Big Beautiful Bill Act (“OBBB”) was enacted, introducing new legislation and revisions to the Internal Revenue Code, including modifications to bonus depreciation and interest expense limitations, among other provisions. The Company evaluated and recognized the effects of the OBBB in the third quarter of 2025 and determined that the impacts, which were favorable, were not material to the current period consolidated financial statements.

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

The Company’s property, plant and equipment consisted of the following asset classes as of September 30, 2025 and December 31, 2024:(In thousands)September 30,2025December 31,2024Structures$1,860,587 $1,847,953 Land, buildings and improvements128,465 130,325 Furniture and other equipment100,691 96,500 Construction in progress27,040 31,682 Property, plant and equipment, gross2,116,783 2,106,460 Less: Accumulated depreciation(1,674,236)(1,626,473)Property, plant and equipment, net$442,547 $479,987 

NOTE 9 – INTANGIBLE ASSETS AND GOODWILL

Intangible AssetsThe following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of September 30, 2025 and December 31, 2024:(In thousands)September 30, 2025December 31, 2024 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated AmortizationPermits(1)$758,812 $(194,183)$758,482 $(145,177)Permanent easements(1)165,877 — 165,031 — Trademarks83,569 (53,770)83,569 (47,533)Transit, street furniture and other outdoor contractual rights206,283 (192,737)206,283 (188,885)Total intangible assets$1,214,541 $(440,690)$1,213,365 $(381,595)(1