Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 36

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 36
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 of net income (loss) per share for the three months ended March 31, 2025 and 2024:(In thousands, except per share data)Three Months Ended March 31, 20252024Numerators:  Loss from continuing operations$(55,302)$(69,224)Less: Net income from continuing operations attributable to noncontrolling interests670 558 Net loss from continuing operations attributable to the Company(55,972)(69,782)Income (loss) from discontinued operations118,515 (19,859)Less: Net income from discontinued operations attributable to noncontrolling interests34 26 Net income (loss) from discontinued operations attributable to the Company118,481 (19,885)Net income (loss) attributable to the Company$62,509 $(89,667)Denominators:  Weighted average common shares outstanding – Basic490,332 483,720 Weighted average common shares outstanding – Diluted490,332 483,720 Net income (loss) attributable to the Company per share of common stock — Basic and Diluted:  Net loss from continuing operations attributable to the Company per share of common stock$(0.11)$(0.14)Net income (loss) from discontinued operations attributable to the Company per share of common stock0.24 (0.04)Net income (loss) attributable to the Company per share of common stock — Basic and Diluted(1)$0.13 $(0.19)(1)Due to rounding, the total may not equal the sum of the line items in the table above.Outstanding equity awards equivalent to 27.4 million and 24.6 million shares for the three months ended March 31, 2025 and 2024, respectively, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive.

NOTE 11 — OTHER INFORMATION

Reconciliation of Cash, Cash Equivalents and Restricted CashThe following table reconciles cash and cash equivalents reported in the Consolidated Balance Sheets to cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows:(In thousands)March 31,2025December 31,2024Cash and cash equivalents in the Balance Sheets$395,809 $109,707 Cash and cash equivalents included in Current assets of discontinued operations5,477 54,595 Restricted cash included in:  Other current assets2,096