Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 51

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 51
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,825 1,116 Current assets of discontinued operations959 6,654   Other assets1,879 — Total cash, cash equivalents and restricted cash in the Statements of Cash Flows$182,962 $172,072 Accounts ReceivableThe following table presents the components of “Accounts receivable, net,” as reported in the Consolidated Balance Sheets:(In thousands)September 30,2025December 31,2024Accounts receivable$352,345 $355,622 Less: Allowance for credit losses(12,060)(11,526)Accounts receivable, net$340,285 $344,096 Credit loss expense for continuing operations, recognized within “Selling, general and administrative expenses” on the Consolidated Statements of Income (Loss), was $1.0 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively, and $2.6 million and $1.0 million for the nine months ended September 30, 2025 and 2024, respectively.Accrued ExpensesThe following table presents the components of “Accrued expenses” as reported in the Consolidated Balance Sheets:(In thousands)September 30,2025December 31,2024Accrued rent$43,947 $54,785 Accrued employee compensation and benefits31,241 41,723 Accrued taxes15,144 14,711 Accrued other59,979 52,396 Total accrued expenses$150,311 $163,615 Other Operating Expense (Income), NetOther operating expense (income), net, includes net gains from the sale or disposal of operating assets of $0.6 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively, and $7.9 million and $8.1 million for the nine months ended September 30, 2025 and 2024, respectively.These gains were offset by transaction costs associated with structural initiatives and financial advisory services, totaling $0.5 million and $0.9 million for the three months ended September 30, 2025 and 2024, respectively, and $1.3 million and $4.3 million for the nine months ended September 30, 2025 and 2024, respectively, as