Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 102

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 102
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ulated other comprehensive loss(257,837)(227,344)Treasury stock (14,038,477 and 11,003,897 shares held as of December 31, 2024 and 2023, respectively)(28,448)(23,570)Total Stockholders’ Deficit(3,639,783)(3,450,743)Total Liabilities and Stockholders’ Deficit$4,804,263 $4,722,475 

See Notes to Consolidated Financial Statements

48

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF LOSS

(In thousands, except per share data)Year Ended December 31,202420232022Revenue$1,505,230 $1,434,186 $1,381,564 Operating expenses:Direct operating expenses(1)680,578 660,336 588,780 Selling, general and administrative expenses(1)252,907 235,470 231,233 Corporate expenses(1)126,904 129,248 118,762 Depreciation and amortization173,998 196,811 173,726 Impairment charges— — 22,676 Other operating income, net(8,340)(4,488)(9,466)Operating income279,183 216,809 255,853 Interest expense, net(401,541)(398,050)(334,055)Gain (loss) on extinguishment of debt(2,393)3,817 — Other expense, net(8,378)(5,699)(784)Loss from continuing operations before income taxes(133,129)(183,123)(78,986)Income tax benefit attributable to continuing operations9,365 23,679 89,907 Income (loss) from continuing operations(123,764)(159,444)10,921 Loss from discontinued operations(52,114)(149,372)(105,309)Consolidated net loss(175,878)(308,816)(94,388)Less: Net income attributable to noncontrolling interests3,376 2,106 2,216 Net loss attributable to the Company$(179,254)$(310,922)$(96,604)Net loss attributable to the Company per share of common stock — Basic and Diluted:Net income (loss) from continuing operations attributable to the