Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 27

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 27
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, respectively, and $1.6 million and $0.1 million for the six months ended June 30, 2025 and 2024, respectively.Accrued ExpensesThe following table presents the components of “Accrued expenses” as reported in the Consolidated Balance Sheets:(In thousands)June 30,2025December 31,2024Accrued rent$43,208 $54,785 Accrued employee compensation and benefits26,074 41,723 Accrued taxes13,759 14,711 Accrued other59,167 52,396 Total accrued expenses$142,208 $163,615 Other Operating Income, NetOther operating income, net, includes net gains from the sale or disposal of operating assets of $0.7 million and $2.0 million for the three months ended June 30, 2025 and 2024, respectively, and $7.2 million and $7.3 million for the six months ended June 30, 2025 and 2024, respectively.These gains were partially offset by transaction costs associated with structural initiatives and financial advisory services, totaling $0.1 million and $1.7 million for the three months ended June 30, 2025 and 2024, respectively, and $0.7 million and $3.4 million for the six months ended June 30, 2025 and 2024, respectively, as well as other miscellaneous fees.Other Income (Expense), NetFor the six months ended June 30, 2024, other expense, net, included $10.0 million of debt modification costs related to the issuance of the 7.875% Senior Secured Notes due 2030 (the “7.875% Senior Secured Notes”) and the associated prepayment and refinancing of the Term Loan Facility, further described in the Company’s 2024 Annual Report on Form 10-K.

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

Other Comprehensive Income (Loss)There were no significant changes in deferred income tax liabilities resulting from adjustments to other comprehensive income (loss) during the three and six months ended June 30, 2025 and 2024.

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ITEM 2.  MANAGEMENT’S DISCUSSION