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

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 10
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 as part of “Income (loss) from continuing operations” in the Consolidated Statements of Income (Loss).The sales process for the Company’s remaining discontinued operations in Spain is ongoing. While the Company cannot guarantee the completion of any transaction, the sale is expected to occur within the next year, subject to the satisfaction of regulatory approval and other closing conditions, if applicable.

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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)June 30,2025(1)December 31,2024(2)Assets of discontinued operations:Cash and cash equivalents$8,487 $54,595 Accounts receivable, net53,896 227,240 Prepaid expenses and other current assets19,700 49,252 Property, plant and equipment, net62,701 212,531 Goodwill and other intangible assets, net— 160,047 Operating lease right-of-use assets46,933 472,774 Other assets4,747 33,299 Valuation allowance on business in Brazil(3)(30,559)(33,702)Current assets of discontinued operations on Consolidated Balance Sheets$165,905 $1,176,036 Liabilities of discontinued operations:Accounts payable and accrued expenses$28,308 $235,215 Operating lease liabilities50,161 485,535 Deferred revenue1,172 17,804 Other liabilities2,504 25,916 Valuation allowance on business in Brazil(3)17,323 10,740 Current liabilities of discontinued operations on Consolidated Balance Sheets$99,468 $775,210 (1)As of June 30, 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