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10-Q Filing

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. CIK: 1334978 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001334978-14-000022
Period End Date 20140331
Filing Date 20140424
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance cco-20140331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 line items
Line Item Tag Value Unit Period
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $32.83M USD Point-in-time
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $33.13M USD Point-in-time
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 $270.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $314.55M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $660.72M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $712.13M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $143.41M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $157.12M USD Point-in-time
Other current assets OtherAssetsCurrent $68.33M USD Point-in-time
Other current assets OtherAssetsCurrent $75.21M USD Point-in-time
Preferred stock par value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $1.16B USD Point-in-time
Preferred stock par value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $1.24B USD Point-in-time
Preferred stock shares authorized PreferredStockSharesAuthorized 150.00M shares Point-in-time
Preferred stock shares authorized PreferredStockSharesAuthorized 150.00M shares Point-in-time
Preferred stock shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Structures, net MachineryAndEquipmentGross $1.73B USD Point-in-time
Structures, net MachineryAndEquipmentGross $1.77B USD Point-in-time
Other property, plant and equipment, net PropertyPlantAndEquipmentOtherNet $306.88M USD Point-in-time
Other property, plant and equipment, net PropertyPlantAndEquipmentOtherNet $315.59M USD Point-in-time
Indefinite-lived intangibles IndefiniteLivedIntangibleAssetsExcludingGoodwill $1.07B USD Point-in-time
Indefinite-lived intangibles IndefiniteLivedIntangibleAssetsExcludingGoodwill $1.07B USD Point-in-time
Treasury stock shares TreasuryStockShares -116,264.00 shares Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $487.93M USD Point-in-time
Treasury stock shares TreasuryStockShares -116,264.00 shares Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $471.30M USD Point-in-time
Goodwill Goodwill $850.13M USD Point-in-time
Goodwill Goodwill $852.48M USD Point-in-time
Goodwill Goodwill $862.25M USD Point-in-time
Due from Clear Channel Communications DueFromRelatedPartiesNoncurrent $879.11M USD Point-in-time
Due from Clear Channel Communications DueFromRelatedPartiesNoncurrent $907.85M USD Point-in-time
Other assets OtherAssetsNoncurrent $154.91M USD Point-in-time
Other assets OtherAssetsNoncurrent $154.08M USD Point-in-time
Total Assets Assets $6.76B USD Point-in-time
Total Assets Assets $6.65B USD Point-in-time
Accounts payable AccountsPayableAndAccruedLiabilitiesCurrent $85.88M USD Point-in-time
Accounts payable AccountsPayableAndAccruedLiabilitiesCurrent $101.15M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $563.77M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $531.98M USD Point-in-time
Deferred income DeferredRevenueCurrent $151.93M USD Point-in-time
Deferred income DeferredRevenueCurrent $107.94M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $15.55M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $16.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $800.61M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $773.59M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.92B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.92B USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $633.91M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $656.15M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $240.23M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $250.17M USD Point-in-time
Commitments and contingent liabilities (Note 5) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingent liabilities (Note 5) CommitmentsAndContingencies - USD Point-in-time
Noncontrolling interest MinorityInterest $195.70M USD Point-in-time
Noncontrolling interest MinorityInterest $202.05M USD Point-in-time
Common stock CommonStockValue $3.59M USD Point-in-time
Common stock CommonStockValue $3.59M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.33B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.33B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.26B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-4.16B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-214.13M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-213.57M USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $1.03M USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $1.03M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $446.09M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $342.80M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $160.11M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $58.75M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $6.76B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $6.65B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Revenue Revenues $650.21M USD 1 Quarter
Revenue Revenues $635.25M USD 1 Quarter
Direct operating expenses (excludes depreciation and amortization) DirectOperatingCosts $386.19M USD 1 Quarter
Direct operating expenses (excludes depreciation and amortization) DirectOperatingCosts $381.51M USD 1 Quarter
Selling, general and administrative expenses (excludes depreciation and amortization) SellingGeneralAndAdministrativeExpense $139.56M USD 1 Quarter
Selling, general and administrative expenses (excludes depreciation and amortization) SellingGeneralAndAdministrativeExpense $132.95M USD 1 Quarter
Corporate expenses (excludes depreciation and amortization) OtherGeneralAndAdministrativeExpense $30.70M USD 1 Quarter
Corporate expenses (excludes depreciation and amortization) OtherGeneralAndAdministrativeExpense $27.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.74M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $100.33M USD 1 Quarter
Other operating income, net OtherOperatingIncomeExpenseNet $2.10M USD 1 Quarter
Other operating income, net OtherOperatingIncomeExpenseNet $2.65M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-1.59M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-6.00M USD 1 Quarter
Interest expense InterestExpense $88.09M USD 1 Quarter
Interest expense InterestExpense $89.26M 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 $14.67M USD 1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $-485.00K USD 1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $-736.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-907.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $1.90M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-79.42M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-79.16M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $16.95M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-5.01M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-74.15M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-96.37M USD 1 Quarter
Less amount attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $129.00K USD 1 Quarter
Less amount attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $501.00K USD 1 Quarter
Net income (loss) attributable to the Company NetIncomeLoss $-96.87M USD 1 Quarter
Net income (loss) attributable to the Company NetIncomeLoss $-74.28M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-4.54M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-24.02M USD 1 Quarter
Unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-25.00K USD 1 Quarter
Unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.08M USD 1 Quarter
Other adjustments to comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-998.00K USD 1 Quarter
Other adjustments to comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax1 $-3.45M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax1 $-25.05M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-99.33M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-100.32M USD 1 Quarter
Less amount attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-93.00K USD 1 Quarter
Less amount attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.90M USD 1 Quarter
Comprehensive income (loss) attributable to the Company ComprehensiveIncomeNetOfTax $-99.23M USD 1 Quarter
Comprehensive income (loss) attributable to the Company ComprehensiveIncomeNetOfTax $-97.43M USD 1 Quarter
Basic EarningsPerShareBasic $-0.22 USD 1 Quarter
Basic EarningsPerShareBasic $-0.27 USD 1 Quarter
Weighted average common shares outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 357,352.00 shares 1 Quarter
Weighted average common shares outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 358,397.00 shares 1 Quarter
Diluted EarningsPerShareDiluted $-0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.22 USD 1 Quarter
Weighted average common shares outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 358,397.00 shares 1 Quarter
Weighted average common shares outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 357,352.00 shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared - USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared - 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 $-96.37M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.74M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $100.33M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-23.04M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-22.46M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.52M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.71M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.66M USD 1 Quarter
Share-based compensation ShareBasedCompensation $2.01M USD 1 Quarter
Gain on sale of operating assets GainLossOnSaleOfPropertyPlantEquipment $2.10M USD 1 Quarter
Gain on sale of operating assets GainLossOnSaleOfPropertyPlantEquipment $2.65M USD 1 Quarter
Amortization of deferred financing charges and note discounts, net AmortizationOfFinancingCostsAndDiscounts $2.16M USD 1 Quarter
Amortization of deferred financing charges and note discounts, net AmortizationOfFinancingCostsAndDiscounts $2.13M USD 1 Quarter
Other reconciling items, net OtherNoncashIncomeExpense $1.50M USD 1 Quarter
Other reconciling items, net OtherNoncashIncomeExpense $-1.16M USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-63.52M USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-50.65M USD 1 Quarter
Increase in deferred income IncreaseDecreaseInDeferredRevenue $43.29M USD 1 Quarter
Increase in deferred income IncreaseDecreaseInDeferredRevenue $16.04M USD 1 Quarter
Decrease in accrued expenses IncreaseDecreaseInAccruedLiabilities $-31.56M USD 1 Quarter
Decrease in accrued expenses IncreaseDecreaseInAccruedLiabilities $-36.00M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $12.91M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-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 $28.70M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $28.05M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.27M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $39.44M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $38.63M USD 1 Quarter
Purchases of other operating assets PaymentsToAcquireProductiveAssets $3.00K USD 1 Quarter
Purchases of other operating assets PaymentsToAcquireProductiveAssets $272.00K USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $2.42M 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 $1.31M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-36.81M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-37.79M USD 1 Quarter
Draws on credit facilities ProceedsFromLinesOfCredit $637.00K USD 1 Quarter
Draws on credit facilities ProceedsFromLinesOfCredit $820.00K USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit $675.00K USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit - USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $11.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $4.44M USD 1 Quarter
Net transfers (to) from Clear Channel Communications NetTransfersToRelatedParty $28.74M USD 1 Quarter
Net transfers (to) from Clear Channel Communications NetTransfersToRelatedParty $-1.51M USD 1 Quarter
Deferred financing charges IncreaseDecreaseInDeferredCharges $4.00K USD 1 Quarter
Deferred financing charges IncreaseDecreaseInDeferredCharges $-152.00K USD 1 Quarter
Dividends and other payments to noncontrolling interests PaymentsOfDividendsMinorityInterest $3.96M USD 1 Quarter
Dividends and other payments to noncontrolling interests PaymentsOfDividendsMinorityInterest $4.35M USD 1 Quarter
Change in other, net ProceedsFromPaymentsForOtherFinancingActivities $413.00K USD 1 Quarter
Change in other, net ProceedsFromPaymentsForOtherFinancingActivities $548.00K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-32.16M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-5.95M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-5.24M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.41M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-14.72M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-44.32M 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 $270.23M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $314.55M 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 $270.23M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $314.55M USD Point-in-time

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

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