10-Q Filing

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. CIK: 1334978 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-210220`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cco-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 55 Cash Flow Statement 55

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$534.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$591.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$624.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$702.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$653.75M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$233.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$208.98M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.42B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.45B	USD	Point-in-time
Structures, net	`PropertyPlantAndEquipmentStructuresNet`	$1.95B	USD	Point-in-time
Structures, net	`PropertyPlantAndEquipmentStructuresNet`	$1.94B	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentOther`	$296.27M	USD	Point-in-time
Other property, plant and equipment, net	`PropertyPlantAndEquipmentOther`	$300.56M	USD	Point-in-time
Definite-lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$618.53M	USD	Point-in-time
Definite-lived intangibles, net	`FiniteLivedIntangibleAssetsNet`	$606.19M	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$1.11B	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$1.11B	USD	Point-in-time
Goodwill	`Goodwill`	$866.37M	USD	Point-in-time
Goodwill	`Goodwill`	$857.19M	USD	Point-in-time
Due from Clear Channel Communications	`DueFromRelatedPartiesNoncurrent`	$656.04M	USD	Point-in-time
Due from Clear Channel Communications	`DueFromRelatedPartiesNoncurrent`	$702.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$183.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$150.28M	USD	Point-in-time
Total Assets	`Assets`	$7.13B	USD	Point-in-time
Total Assets	`Assets`	$7.09B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$607.20M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$587.32M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$89.98M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$142.78M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$23.81M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$23.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$720.98M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$753.58M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.52B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.72B	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$807.18M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$822.93M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$290.81M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$281.94M	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$231.53M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$229.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.52B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.68B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-3.98B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-3.93B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-212.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-246.99M	USD	Point-in-time
Cost of shares held in treasury	`TreasuryStockValue`	$973.00K	USD	Point-in-time
Cost of shares held in treasury	`TreasuryStockValue`	$970.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.74B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$559.26M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.13B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.09B	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$650.21M	USD	1 Quarter
Revenue	`Revenues`	$651.28M	USD	1 Quarter
Direct operating expenses (excludes depreciation and amortization)	`DirectOperatingCosts`	$394.05M	USD	1 Quarter
Direct operating expenses (excludes depreciation and amortization)	`DirectOperatingCosts`	$391.38M	USD	1 Quarter
Selling, general and administrative expenses (excludes depreciation and amortization)	`SellingGeneralAndAdministrativeExpense`	$123.18M	USD	1 Quarter
Selling, general and administrative expenses (excludes depreciation and amortization)	`SellingGeneralAndAdministrativeExpense`	$153.15M	USD	1 Quarter
Corporate expenses (excludes depreciation and amortization)	`CorporateExpensesExcludingDepreciationAndAmortization`	$21.98M	USD	1 Quarter
Corporate expenses (excludes depreciation and amortization)	`CorporateExpensesExcludingDepreciationAndAmortization`	$24.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$92.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$102.33M	USD	1 Quarter
Other operating income - net	`OtherOperatingIncomeExpenseNet`	$4.80M	USD	1 Quarter
Other operating income - net	`OtherOperatingIncomeExpenseNet`	$4.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-8.56M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$16.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$60.98M	USD	1 Quarter
Interest expense	`InterestExpense`	$67.83M	USD	1 Quarter
Interest income on Due from Clear Channel Communications	`InterestIncomeOnRelatedPartyDebt`	$9.05M	USD	1 Quarter
Interest income on Due from Clear Channel Communications	`InterestIncomeOnRelatedPartyDebt`	$15.98M	USD	1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$421.00K	USD	1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-71.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$3.11M	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-494.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.75M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.49M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-15.29M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-22.36M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-10.39M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-45.19M	USD	1 Quarter
Less amount attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-851.00K	USD	1 Quarter
Less amount attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.32M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-9.54M	USD	1 Quarter
Net loss attributable to the Company	`NetIncomeLoss`	$-43.87M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$38.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$33.51M	USD	1 Quarter
Unrealized gain on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$289.00K	USD	1 Quarter
Unrealized gain on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.47M	USD	1 Quarter
Reclassification adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationReclassificationAdjustmentRealizedUponSaleOrLiquidationNetOfTax`	$-89.00K	USD	1 Quarter
Reclassification adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationReclassificationAdjustmentRealizedUponSaleOrLiquidationNetOfTax`	$-63.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$40.58M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$33.86M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$31.04M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-10.01M	USD	1 Quarter
Less amount attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-189.00K	USD	1 Quarter
Less amount attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.30M	USD	1 Quarter
Comprehensive income (loss) attributable to the Company	`ComprehensiveIncomeNetOfTax`	$28.73M	USD	1 Quarter
Comprehensive income (loss) attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-9.82M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	356.36M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	355.79M	shares	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	355.79M	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	356.36M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$6.08	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-10.39M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-45.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$92.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$102.33M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.48M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-19.49M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.82M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.30M	USD	1 Quarter
Other reconciling items - net	`OtherNoncashIncomeExpense`	$-932.00K	USD	1 Quarter
Other reconciling items - net	`OtherNoncashIncomeExpense`	$3.01M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-59.34M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-40.30M	USD	1 Quarter
Increase in deferred income	`IncreaseDecreaseInDeferredRevenue`	$50.81M	USD	1 Quarter
Increase in deferred income	`IncreaseDecreaseInDeferredRevenue`	$48.20M	USD	1 Quarter
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-69.98M	USD	1 Quarter
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-30.35M	USD	1 Quarter
Decrease in accounts payable and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-4.93M	USD	1 Quarter
Decrease in accounts payable and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-6.35M	USD	1 Quarter
Changes in other operating assets and liabilities, net of effects of acquisitions and dispositions	`IncreaseDecreaseInOtherOperatingCapitalNet`	$45.87M	USD	1 Quarter
Changes in other operating assets and liabilities, net of effects of acquisitions and dispositions	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.38M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.99M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.36M	USD	1 Quarter
Purchases of other operating assets	`PaymentsToAcquireProductiveAssets`	$2.12M	USD	1 Quarter
Purchases of other operating assets	`PaymentsToAcquireProductiveAssets`	$1.37M	USD	1 Quarter
Change in other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.84M	USD	1 Quarter
Change in other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.86M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.61M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.52M	USD	1 Quarter
Draws on credit facilities	`ProceedsFromLinesOfCredit`	$992.00K	USD	1 Quarter
Draws on credit facilities	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payments on credit facilities	`RepaymentsOfLinesOfCredit`	$1.85M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.20B	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.52M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.89M	USD	1 Quarter
Net transfers to Clear Channel Communications	`NetTransfersToRelatedParty`	$46.79M	USD	1 Quarter
Net transfers to Clear Channel Communications	`NetTransfersToRelatedParty`	$25.09M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.17B	USD	1 Quarter
Change in other - net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.83M	USD	1 Quarter
Change in other - net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-35.03M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-54.12M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.29M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.36M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.98M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.46M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.90M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$534.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$591.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$542.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$624.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$534.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$591.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$542.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$624.02M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.