Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 47

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 47
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)During the nine months ended September 30, 2025, the Company acquired permits valued at $0.3 million and permanent easements valued at $0.2 million as part of asset acquisitions. The acquired permits have an amortization period of 14 years.GoodwillThe following table presents the goodwill balance for the Company’s segments as of September 30, 2025. There were no changes to the balances during the nine months ended September 30, 2025.(In thousands)America(1)AirportsConsolidatedBalance as of September 30, 2025$482,937 $24,882 $507,819 (1)The goodwill balance for the America segment is net of cumulative impairments totaling $2.6 billion.Annual Impairment TestsThe Company performs its annual impairment tests for permanent easements and goodwill as of July 1 of each year, or more frequently as events or changes in circumstances warrant, as described in the Company's 2024 Annual Report on Form 10-K. No impairment was recognized during the nine months ended September 30, 2025 or 2024 as a result of these tests.

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

NOTE 10 – STOCKHOLDERS’ DEFICIT

Share-Based CompensationShare-Based Compensation ExpenseShare-based compensation expense for continuing operations, recognized within “Corporate expenses” on the Consolidated Statements of Income (Loss), was $6.3 million and $6.0 million for the three months ended September 30, 2025 and 2024, respectively, and $19.1 million and $17.3 million for the nine months ended September 30, 2025 and 2024, respectively.Annual GrantsOn May 28, 2025, the Compensation Committee of the CCOH Board of Directors approved grants under the Company’s 2012 Third Amended and Restated Stock Incentive Plan (the “Stock Incentive Plan”) of approximately 18.2 million restricted stock units (“RSUs”) and 4.0 million performance stock units (“PSUs”) to certain employees as part of their annual compensation.The RSUs will vest in three equal annual installments on April 1 of 2026, 2027 and 2028