Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 26

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 26
---
, subject to the satisfaction of regulatory approvals and other closing conditions, if applicable.

9

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

Assets and Liabilities of Discontinued OperationsAs previously described, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets for all periods presented. The following table reconciles the carrying amounts of the major classes of assets and liabilities of discontinued operations to the current assets and liabilities of discontinued operations as presented on the Company’s Consolidated Balance Sheets:(In thousands)March 31,2025(1)December 31,2024(2)Assets of discontinued operations:Cash and cash equivalents$5,477 $54,595 Accounts receivable, net39,637 227,240 Prepaid expenses and other current assets24,985 49,252 Property, plant and equipment, net55,768 212,531 Goodwill and other intangible assets, net— 160,047 Operating lease right-of-use assets41,001 472,774 Other assets5,022 33,299 Valuation allowance on business in Brazil(3)(30,178)(33,702)Current assets of discontinued operations on Consolidated Balance Sheets$141,712 $1,176,036 Liabilities of discontinued operations:Accounts payable and accrued expenses$34,490 $235,215 Operating lease liabilities44,297 485,535 Deferred revenue1,073 17,804 Other liabilities3,941 25,916 Valuation allowance on business in Brazil(3)11,787 10,740 Current liabilities of discontinued operations on Consolidated Balance Sheets$95,588 $775,210 (1)As of March 31, 2025, the balances consisted of assets and liabilities of the Company’s businesses in Spain and Brazil, which remain held for sale.(2)As of December 31, 2024, the balances included assets and liabilities related to the Company’s businesses in Spain and Brazil, as well as its former businesses in the Europe-North segment and in Mexico, Peru and Chile. As previously described, the Company’s Europe-North segment businesses and its businesses in Mexico, Peru and Chile were sold in the first quarter of 2025.(3)The valuation allowance on the business in Brazil represents the cumulative loss recorded to reduce