Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 111

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 111
---
 in 2023, and $64.8 million in 2024, which led to corresponding increases in consolidated net loss. As a result, net loss per share of common stock increased by $0.03, $0.13 and $0.13 for each of these periods, respectively. The Company expects a similar impact in future periods, assuming no material permit acquisitions or dispositions. The Company tested the permits for impairment immediately prior to the change in useful life and now tests them for impairment if events or circumstances indicate that the carrying value may not be recoverable.  If the carrying value exceeds the undiscounted cash flows expected to be generated by the asset, the carrying value is written down to fair market value.Refer to Note 11 for additional disclosures about the Company’s permits.Other Intangible AssetsOther intangible assets consist of permanent easements, trademarks, and contractual rights related transit, street furniture and other outdoor advertising. •Permanent easements are indefinite-lived intangible assets that grant certain rights to use real property not owned by the Company. These assets are tested for impairment at least annually, as of July 1.•The Company’s trademarks, acquired as part of the separation from iHeartCommunications, Inc. on May 1, 2019, are amortized over their 10-year useful life.•The Company’s transit, street furniture and other contractual rights are finite-lived intangible assets recorded at cost and amortized over the shorter of the agreement’s life or the period during which the asset is expected to contribute to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods for these assets.

55

Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In addition to the annual impairment test performed for permanent easements, the Company tests intangible assets for impairment when events or circumstances indicate the carrying value may not be recoverable. If the carrying value exceeds the undiscounted cash flows expected to be generated by the asset, its carrying value is adjusted to fair market value.Refer to Note 11 for additional disclosures about the Company's other intangible assets.Asset AcquisitionsThe Company accounts for transactions meeting the definition of an asset group purchase as asset acquisitions. The acquisition purchase price is allocated to the acquired assets based on their estimated relative fair values, typically determined using either discounted cash flow valuation methods or estimates of replacement costs. Refer to Notes 10 and 11 for