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10-Q Filing

CLEAR CHANNEL OUTDOOR HOLDINGS, INC. CIK: 1334978 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001334978-15-000008
Period End Date 20150331
Filing Date 20150430
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance cco-20150331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 line items
Line Item Tag Value Unit Period
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $24.31M USD Point-in-time
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $21.14M USD Point-in-time
Preferred stock par value per share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock par value per share PreferredStockParOrStatedValuePerShare $0.01 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $207.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $270.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $186.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $314.55M USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $697.81M USD Point-in-time
Accounts receivable, net of allowance AccountsReceivableNetCurrent $628.68M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $134.04M USD Point-in-time
Prepaid expenses PrepaidExpenseCurrentAndNoncurrent $154.14M USD Point-in-time
Other current assets OtherAssetsCurrent $61.89M USD Point-in-time
Other current assets OtherAssetsCurrent $81.29M USD Point-in-time
Total Current Assets AssetsCurrent $1.08B USD Point-in-time
Total Current Assets AssetsCurrent $1.07B USD Point-in-time
Structures, net MachineryAndEquipmentGross $1.61B USD Point-in-time
Structures, net MachineryAndEquipmentGross $1.57B USD Point-in-time
Other property, plant and equipment, net PropertyPlantAndEquipmentOther $291.45M USD Point-in-time
Treasury stock shares TreasuryStockShares 140,702.00 shares Point-in-time
Treasury stock shares TreasuryStockShares 229,943.00 shares Point-in-time
Other property, plant and equipment, net PropertyPlantAndEquipmentOther $263.51M 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 $412.06M USD Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $393.35M USD Point-in-time
Goodwill Goodwill $817.11M USD Point-in-time
Goodwill Goodwill $800.32M USD Point-in-time
Goodwill Goodwill $850.13M USD Point-in-time
Due from iHeartCommunications DueFromRelatedPartiesNoncurrent $886.32M USD Point-in-time
Due from iHeartCommunications DueFromRelatedPartiesNoncurrent $947.81M USD Point-in-time
Other assets OtherAssetsNoncurrent $133.08M USD Point-in-time
Other assets OtherAssetsNoncurrent $131.43M USD Point-in-time
Total Assets Assets $6.36B USD Point-in-time
Total Assets Assets $6.18B USD Point-in-time
Accounts payable AccountsPayableCurrent $74.16M USD Point-in-time
Accounts payable AccountsPayableCurrent $75.92M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $454.54M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $543.82M USD Point-in-time
Deferred income DeferredRevenueCurrent $94.64M USD Point-in-time
Deferred income DeferredRevenueCurrent $129.26M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $2.70M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $3.46M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $717.83M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $660.67M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.93B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $4.93B USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $616.11M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesNoncurrent $620.25M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $229.93M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $234.80M USD Point-in-time
Noncontrolling interest MinorityInterest $204.08M USD Point-in-time
Noncontrolling interest MinorityInterest $203.33M USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Common stock CommonStockValue $3.61M USD Point-in-time
Common stock CommonStockValue $3.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.17B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $4.17B USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-4.21B USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-4.17B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-425.47M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-341.35M USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $1.19M USD Point-in-time
Cost of shares held in treasury TreasuryStockValue $2.07M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-140.94M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-255.26M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $6.18B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $6.36B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Revenue Revenues $615.04M USD 1 Quarter
Revenue Revenues $635.25M USD 1 Quarter
Direct operating expenses (excludes depreciation and amortization) DirectOperatingCosts $381.51M USD 1 Quarter
Direct operating expenses (excludes depreciation and amortization) DirectOperatingCosts $362.97M USD 1 Quarter
Selling, general and admin expenses (excludes depreciation and amortization) SellingGeneralAndAdministrativeExpense $127.13M USD 1 Quarter
Selling, general and admin 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 $28.75M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.74M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $94.09M USD 1 Quarter
Other operating income (expense), net OtherOperatingIncomeExpenseNet $2.65M USD 1 Quarter
Other operating income (expense), net OtherOperatingIncomeExpenseNet $-5.44M USD 1 Quarter
Operating income OperatingIncomeLoss $-6.00M USD 1 Quarter
Operating income OperatingIncomeLoss $-3.35M USD 1 Quarter
Interest expense InterestExpense $89.26M USD 1 Quarter
Interest expense InterestExpense $89.42M USD 1 Quarter
Interest income on Due from iHeartCommunications InterestIncomeOnRelatedPartyDebt $14.67M USD 1 Quarter
Interest income on Due from iHeartCommunications InterestIncomeOnRelatedPartyDebt $15.25M USD 1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $-736.00K USD 1 Quarter
Equity in earnings (loss) of nonconsolidated affiliates IncomeLossFromEquityMethodInvestments $522.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $19.94M 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 $-57.05M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $16.95M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-24.10M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-96.37M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-32.95M USD 1 Quarter
Less amount attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $501.00K USD 1 Quarter
Less amount attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $565.00K USD 1 Quarter
Net income (loss) attributable to the Company NetIncomeLoss $-96.87M USD 1 Quarter
Net income (loss) attributable to the Company NetIncomeLoss $-33.52M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-4.54M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-81.49M USD 1 Quarter
Unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $822.00K USD 1 Quarter
Unrealized gain (loss) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.08M USD 1 Quarter
Other adjustments to comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent - USD 1 Quarter
Other adjustments to comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.15M USD 1 Quarter
Reclassification adjustment for realized gain (loss) on securities included in net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Reclassification adjustment for realized gain (loss) on securities included in net loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-3.45M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-81.82M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-100.32M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-115.34M USD 1 Quarter
Less amount attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.30M USD 1 Quarter
Less amount attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.90M USD 1 Quarter
Comprehensive income (loss) attributable to the Company ComprehensiveIncomeNetOfTax $-117.64M USD 1 Quarter
Comprehensive income (loss) attributable to the Company ComprehensiveIncomeNetOfTax $-97.43M USD 1 Quarter
Basic EarningsPerShareBasic $-0.27 USD 1 Quarter
Basic EarningsPerShareBasic $-0.09 USD 1 Quarter
Weighted average common shares outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 359,093.00 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 $-0.09 USD 1 Quarter
Weighted average common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 358,397.00 shares 1 Quarter
Weighted average common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 359,093.00 shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared - USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared - USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Consolidated net income (loss) ProfitLoss $-96.37M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-32.95M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.74M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $94.09M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-22.46M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $4.74M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.52M USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $2.52M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.93M USD 1 Quarter
Share-based compensation ShareBasedCompensation $2.01M USD 1 Quarter
(Gain) loss on sale of operating assets GainLossOnSaleOfPropertyPlantEquipment $2.65M USD 1 Quarter
(Gain) loss on sale of operating assets GainLossOnSaleOfPropertyPlantEquipment $1.35M 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 $2.17M USD 1 Quarter
Other reconciling items, net OtherNoncashIncomeExpense $20.68M USD 1 Quarter
Other reconciling items, net OtherNoncashIncomeExpense $1.50M USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-34.09M USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-50.65M USD 1 Quarter
Increase (decrease) in accrued expenses IncreaseDecreaseInAccruedLiabilities $-31.56M USD 1 Quarter
Increase (decrease) in accrued expenses IncreaseDecreaseInAccruedLiabilities $-59.58M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $4.36M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $12.91M USD 1 Quarter
Increase (decrease) in deferred income IncreaseDecreaseInDeferredRevenue $43.29M USD 1 Quarter
Increase (decrease) in deferred income IncreaseDecreaseInDeferredRevenue $39.76M USD 1 Quarter
Changes in other operating assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $28.70M USD 1 Quarter
Changes in other operating assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $59.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $28.05M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.72M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $38.63M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $41.81M USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $938.00K USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfProductiveAssets $2.42M USD 1 Quarter
Purchases of other operating assets PaymentsToAcquireProductiveAssets $29.00K USD 1 Quarter
Purchases of other operating assets PaymentsToAcquireProductiveAssets $272.00K USD 1 Quarter
Change in other, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Change in other, net PaymentsForProceedsFromOtherInvestingActivities $1.31M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-40.91M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-37.79M USD 1 Quarter
Draws on credit facilities ProceedsFromLinesOfCredit $820.00K USD 1 Quarter
Draws on credit facilities ProceedsFromLinesOfCredit - USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit $1.86M USD 1 Quarter
Payments on credit facilities RepaymentsOfLinesOfCredit $675.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $13.00K USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $11.00K USD 1 Quarter
Net transfers to Clear Channel Communications NetTransfersToRelatedParty $28.74M USD 1 Quarter
Net transfers to Clear Channel Communications NetTransfersToRelatedParty $-61.48M USD 1 Quarter
Deferred financing charges IncreaseDecreaseInDeferredCharges - USD 1 Quarter
Deferred financing charges IncreaseDecreaseInDeferredCharges - USD 1 Quarter
Dividends and other payments to noncontrolling interests PaymentsOfDividendsMinorityInterest $2.12M USD 1 Quarter
Dividends and other payments to noncontrolling interests PaymentsOfDividendsMinorityInterest $3.96M USD 1 Quarter
Change in other, net ProceedsFromPaymentsForOtherFinancingActivities $409.00K USD 1 Quarter
Change in other, net ProceedsFromPaymentsForOtherFinancingActivities $650.00K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $58.14M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-32.16M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.41M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-5.88M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-44.32M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $21.08M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $207.28M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $270.23M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $186.20M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $314.55M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $207.28M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $270.23M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $186.20M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $314.55M USD Point-in-time
Cash paid during the year for interest InterestPaidNet $89.41M USD 1 Quarter
Cash paid during the year for interest InterestPaidNet $87.72M USD 1 Quarter
Cash paid during the year for income taxes IncomeTaxesPaid $9.64M USD 1 Quarter
Cash paid during the year for income taxes IncomeTaxesPaid $11.45M USD 1 Quarter

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

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