Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 22

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 22
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,083)Release of stock-based awards and exercise of stock options703,840 — 7 (7)— — (68)(68)Share-based compensation— — 5,299 — — — 5,299 Payments to noncontrolling interests, net(101)— — — — — (101)Foreign currency translation adjustments(5)— — — (11,791)— (11,796)Balances at March 31, 2024494,764,888 $12,776 $4,948 $3,569,099 $(6,870,542)$(239,135)$(23,638)$(3,546,492)

See Condensed Notes to Consolidated Financial Statements

6

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(In thousands)Three Months Ended March 31,20252024Cash flows from operating activities:  Consolidated net income (loss)$63,213 $(89,083)Reconciling items:Non-cash operating lease expense (net of interest)67,266 66,222 Depreciation and amortization43,004 54,290 Gains on dispositions of businesses and/or operating assets, net(145,008)(4,905)Share-based compensation5,436 5,299 Amortization of deferred financing charges and note discounts2,974 2,902 Foreign exchange transaction loss (gain)3,488 (3,793)Credit loss expense (reversal)736 (1,074)Deferred taxes3,703 66 Loss on extinguishment of debt and debt modification expense5,400 16,610 Other reconciling items, net(380)5 Changes in operating assets and liabilities, net of effects of dispositions:Decrease in accounts receivable98,011 90,210 Increase in prepaid expenses and other operating assets(19,813)(3,621)Decrease in accounts payable and accrued expenses(52,099)(74,916)Decrease in operating lease liabilities (cash payments, net of interest)(79,983)(79,134)Increase (decrease) in accrued interest16,539 (19,383)Increase in deferred revenue7,939 9,271 Decrease