Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 35

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 35
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851,683 $1,847,953 Land, buildings and improvements127,618 130,325 Furniture and other equipment97,923 96,500 Construction in progress30,156 31,682 Property, plant and equipment, gross2,107,380 2,106,460 Less: Accumulated depreciation(1,640,323)(1,626,473)Property, plant and equipment, net$467,057 $479,987 

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

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 March 31, 2025 and December 31, 2024:(In thousands)March 31, 2025December 31, 2024 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated AmortizationPermits$758,482 $(161,512)$758,482 $(145,177)Permanent easements165,867 — 165,031 — Trademarks83,569 (49,612)83,569 (47,533)Transit, street furniture and other outdoor contractual rights206,283 (190,174)206,283 (188,885)Total intangible assets$1,214,201 $(401,298)$1,213,365 $(381,595)GoodwillThe following table presents the goodwill balance for the Company’s segments as of March 31, 2025. There were no changes to the balances during the three months ended March 31, 2025.(In thousands)America(1)AirportsConsolidatedBalance as of March 31, 2025$482,937 $24,882 $507,819 (1)The goodwill balance for the America segment is net of cumulative impairments totaling $2.6 billion.

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

NOTE 10 – NET INCOME (LOSS) PER SHARE

The following table presents the computation