10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001334978-13-000011 |
| Period End Date | 20130331 |
| Filing Date | 20130502 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | cco-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$547.26M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$561.98M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$542.65M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$534.75M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$666.50M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$743.11M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$151.60M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$159.74M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$60.74M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$52.66M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.43B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.51B | USD | Point-in-time |
| Structures, net |
PropertyPlantAndEquipmentStructuresNet
|
$1.89B | USD | Point-in-time |
| Structures, net |
PropertyPlantAndEquipmentStructuresNet
|
$1.85B | USD | Point-in-time |
| Other property, plant and equipment, net |
PropertyPlantAndEquipmentOther
|
$317.05M | USD | Point-in-time |
| Other property, plant and equipment, net |
PropertyPlantAndEquipmentOther
|
$294.97M | USD | Point-in-time |
| Indefinite-lived intangibles |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$1.07B | USD | Point-in-time |
| Indefinite-lived intangibles |
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
$1.07B | USD | Point-in-time |
| Other intangibles, net |
FiniteLivedIntangibleAssetsNet
|
$534.33M | USD | Point-in-time |
| Other intangibles, net |
FiniteLivedIntangibleAssetsNet
|
$557.48M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$857.19M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$855.76M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$862.25M | USD | Point-in-time |
| Due from Clear Channel Communications |
DueFromRelatedPartiesNoncurrent
|
$729.16M | USD | Point-in-time |
| Due from Clear Channel Communications |
DueFromRelatedPartiesNoncurrent
|
$727.65M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$163.86M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$169.09M | USD | Point-in-time |
| Total Assets |
Assets
|
$7.11B | USD | Point-in-time |
| Total Assets |
Assets
|
$6.93B | USD | Point-in-time |
| Accounts payable |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$95.52M | USD | Point-in-time |
| Accounts payable |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$77.28M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$491.94M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrentAndNoncurrent
|
$538.50M | USD | Point-in-time |
| Deferred income |
DeferredRevenueCurrent
|
$107.03M | USD | Point-in-time |
| Deferred income |
DeferredRevenueCurrent
|
$121.27M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$60.95M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$61.14M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$9.41M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$6.40M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$811.40M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$758.04M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$4.94B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$4.93B | USD | Point-in-time |
| Deferred tax liability |
DeferredTaxLiabilitiesNoncurrent
|
$673.07M | USD | Point-in-time |
| Deferred tax liability |
DeferredTaxLiabilitiesNoncurrent
|
$650.90M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$239.83M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$246.10M | 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
|
$244.23M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$247.93M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.58M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.57M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.52B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.52B | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.19B | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.11B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-237.55M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-212.60M | USD | Point-in-time |
| Cost of shares held in treasury |
TreasuryStockValue
|
$973.00K | USD | Point-in-time |
| Cost of shares held in treasury |
TreasuryStockValue
|
$973.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$342.80M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$559.26M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$446.09M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.74B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$7.11B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$6.93B | USD | Point-in-time |
Income Statement
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
Revenues
|
$651.28M | USD | 1 Quarter |
| Revenue |
Revenues
|
$650.21M | USD | 1 Quarter |
| Direct operating expenses (excludes depreciation and amortization) |
DirectOperatingCosts
|
$387.39M | USD | 1 Quarter |
| Direct operating expenses (excludes depreciation and amortization) |
DirectOperatingCosts
|
$394.05M | USD | 1 Quarter |
| Selling, general and admin expenses (excludes depreciation and amortization) |
SellingGeneralAndAdministrativeExpense
|
$139.99M | USD | 1 Quarter |
| Selling, general and admin expenses (excludes depreciation and amortization) |
SellingGeneralAndAdministrativeExpense
|
$153.15M | USD | 1 Quarter |
| Corporate expenses (excludes depreciation and amortization) |
CorporateExpensesExcludingDepreciationAndAmortization
|
$24.31M | USD | 1 Quarter |
| Corporate expenses (excludes depreciation and amortization) |
CorporateExpensesExcludingDepreciationAndAmortization
|
$26.20M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$100.33M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$92.34M | USD | 1 Quarter |
| Other operating income, net |
OtherOperatingIncomeExpenseNet
|
$4.00M | USD | 1 Quarter |
| Other operating income, net |
OtherOperatingIncomeExpenseNet
|
$2.10M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-8.56M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-1.59M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$67.83M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$88.09M | USD | 1 Quarter |
| Interest income on Due from Clear Channel Communications |
InterestIncomeOnRelatedPartyDebt
|
$11.92M | 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
|
$-485.00K | USD | 1 Quarter |
| Equity in earnings (loss) of nonconsolidated affiliates |
IncomeLossFromEquityMethodInvestments
|
$421.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-907.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-494.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-79.16M | 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
|
$-5.01M | USD | 1 Quarter |
| Consolidated net loss |
ProfitLoss
|
$-74.15M | USD | 1 Quarter |
| Consolidated net loss |
ProfitLoss
|
$-45.19M | USD | 1 Quarter |
| Less amount attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-1.32M | USD | 1 Quarter |
| Less amount attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$129.00K | USD | 1 Quarter |
| Net loss attributable to the Company |
NetIncomeLoss
|
$-74.28M | USD | 1 Quarter |
| Net loss attributable to the Company |
NetIncomeLoss
|
$-43.87M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$33.51M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-24.02M | USD | 1 Quarter |
| Unrealized (loss) gain on marketable securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$289.00K | USD | 1 Quarter |
| Unrealized (loss) gain on marketable securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-25.00K | USD | 1 Quarter |
| Other adjustments to comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-998.00K | USD | 1 Quarter |
| Other adjustments to comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$63.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax1
|
$33.86M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax1
|
$-25.05M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-10.01M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-99.33M | USD | 1 Quarter |
| Less amount attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-189.00K | USD | 1 Quarter |
| Less amount attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$-93.00K | USD | 1 Quarter |
| Comprehensive loss attributable to the Company |
ComprehensiveIncomeNetOfTax
|
$-9.82M | USD | 1 Quarter |
| Comprehensive loss attributable to the Company |
ComprehensiveIncomeNetOfTax
|
$-99.23M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.22 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.14 | USD | 1 Quarter |
| Weighted average common shares outstanding - Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
356.36M | shares | 1 Quarter |
| Weighted average common shares outstanding - Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
357.35M | shares | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.14 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.22 | USD | 1 Quarter |
| Weighted average common shares outstanding - Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
356.36M | shares | 1 Quarter |
| Weighted average common shares outstanding - Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
357.35M | shares | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$6.08 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net loss |
ProfitLoss
|
$-74.15M | USD | 1 Quarter |
| Consolidated net loss |
ProfitLoss
|
$-45.19M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$100.33M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$92.34M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$-15.48M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$-23.04M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$1.71M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$1.82M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$3.20M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.66M | USD | 1 Quarter |
| Gain on sale of operating assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$2.10M | USD | 1 Quarter |
| Gain on sale of operating assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$4.00M | USD | 1 Quarter |
| Amortization of deferred financing charges and note discounts, net |
AmortizationOfFinancingCostsAndDiscounts
|
$2.13M | USD | 1 Quarter |
| Amortization of deferred financing charges and note discounts, net |
AmortizationOfFinancingCostsAndDiscounts
|
$2.12M | USD | 1 Quarter |
| Other reconciling items, net |
OtherNoncashIncomeExpense
|
$388.00K | USD | 1 Quarter |
| Other reconciling items, net |
OtherNoncashIncomeExpense
|
$-1.16M | USD | 1 Quarter |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-59.34M | USD | 1 Quarter |
| Decrease in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-63.52M | USD | 1 Quarter |
| Increase in deferred income |
IncreaseDecreaseInDeferredRevenue
|
$50.81M | USD | 1 Quarter |
| Increase in deferred income |
IncreaseDecreaseInDeferredRevenue
|
$16.04M | USD | 1 Quarter |
| Decrease in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-36.00M | USD | 1 Quarter |
| Decrease in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-30.35M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-8.50M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-15.97M | USD | 1 Quarter |
| Changes in other operating assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$2.01M | USD | 1 Quarter |
| Changes in other operating assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$10.33M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$95.38M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$33.27M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$55.99M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$39.44M | USD | 1 Quarter |
| Purchases of other operating assets |
PaymentsToAcquireProductiveAssets
|
$3.00K | USD | 1 Quarter |
| Purchases of other operating assets |
PaymentsToAcquireProductiveAssets
|
$1.37M | USD | 1 Quarter |
| Proceeds from disposal of assets |
ProceedsFromSaleOfProductiveAssets
|
$6.09M | USD | 1 Quarter |
| Proceeds from disposal of assets |
ProceedsFromSaleOfProductiveAssets
|
$3.30M | USD | 1 Quarter |
| Change in other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$665.00K | USD | 1 Quarter |
| Change in other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$1.26M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-36.81M | 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
|
$637.00K | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$2.20B | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$2.89M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$4.44M | USD | 1 Quarter |
| Net transfers to Clear Channel Communications |
NetTransfersToRelatedParty
|
$-1.51M | USD | 1 Quarter |
| Net transfers to Clear Channel Communications |
NetTransfersToRelatedParty
|
$46.79M | USD | 1 Quarter |
| Deferred financing charges |
IncreaseDecreaseInDeferredCharges
|
$-152.00K | USD | 1 Quarter |
| Deferred financing charges |
IncreaseDecreaseInDeferredCharges
|
$39.93M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.17B | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
- | USD | 1 Quarter |
| Change in other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-3.81M | USD | 1 Quarter |
| Change in other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$4.90M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-5.95M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-54.12M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$3.36M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.24M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-14.72M | 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
|
$547.26M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$561.98M | 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
|
$534.75M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$547.26M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$561.98M | 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
|
$534.75M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.