Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 22

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 22
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 Land, buildings and improvements128,231 130,325 Furniture and other equipment99,819 96,500 Construction in progress26,997 31,682 Property, plant and equipment, gross2,114,120 2,106,460 Less: Accumulated depreciation(1,656,706)(1,626,473)Property, plant and equipment, net$457,414 $479,987 

NOTE 9 – INTANGIBLE ASSETS AND GOODWILL

Intangible AssetsThe following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of June 30, 2025 and December 31, 2024:(In thousands)June 30, 2025December 31, 2024 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated AmortizationPermits$758,482 $(177,847)$758,482 $(145,177)Permanent easements165,867 — 165,031 — Trademarks83,569 (51,691)83,569 (47,533)Transit, street furniture and other outdoor contractual rights206,283 (191,456)206,283 (188,885)Total intangible assets$1,214,201 $(420,994)$1,213,365 $(381,595)GoodwillThe following table presents the goodwill balance for the Company’s segments as of June 30, 2025. There were no changes to the balances during the six months ended June 30, 2025.(In thousands)America(1)AirportsConsolidatedBalance as of June 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.

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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 $7.4 million and $6.7 million for the three months ended June 30,