Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 98

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 98
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Table of Contents

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

PageNumberReport of Independent Registered Public Accounting Firm (PCAOB ID: 42)46Financial Statements:Consolidated Balance Sheets48Consolidated Statements of Loss49Consolidated Statements of Comprehensive Loss50Consolidated Statements of Changes in Stockholders’ Deficit51Consolidated Statements of Cash Flows52Notes to Consolidated Financial Statements:Note 1. Description of Business53Note 2. Summary of Significant Accounting Policies53Note 3. Dispositions and Discontinued Operations59Note 4. Segment Data63Note 5. Revenue65Note 6. Long-Term Debt66Note 7. Leases75Note 8. Commitments and Contingencies76Note 9. Income Taxes77Note 10. Property, Plant and Equipment80Note 11. Intangible Assets and Goodwill80Note 12. Asset Retirement Obligations82Note 13. Stockholders’ Deficit82Note 14. Other Information86Note 15. Quarterly Results of Operations87

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Table of Contents

Report of Independent Registered Public Accounting Firm 

To the Stockholders and the Board of Directors of Clear Channel Outdoor Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Clear Channel Outdoor Holdings, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of loss, comprehensive loss, changes in stockholders' deficit and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule listed in the Index at Item 15(a)2 (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles. 

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of