Clear Channel Outdoor Holdings, Inc. (CCO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4830 NORTH LOOP 1604W, SUITE 111 SAN ANTONIO, TX 78249 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 731 - Advertising (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 110 | 252 | 287 | 411 | 785 | 399 | |||
| Cash and cash equivalent | 110 | 252 | 287 | 411 | 785 | 399 | |||
| Receivables | 344 | 500 | 620 | 643 | 468 | 710 | |||
| Inventory, net of allowances, customer advances and progress billings | 17 | 21 | |||||||
| Inventory | 17 | 21 | |||||||
| Prepaid expense | 27 | 49 | 55 | 54 | 50 | 61 | |||
| Disposal group, including discontinued operation | 132 | ||||||||
| Asset, held-for-sale, not part of disposal group | 1,176 | 131 | |||||||
| Other current assets | 2 | 25 | 27 | 26 | 32 | 33 | |||
| Other undisclosed current assets | (17) | (21) | |||||||
| Total current assets: | 1,659 | 957 | 1,121 | 1,135 | 1,335 | 1,202 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,316 | 1,491 | 1,480 | 1,567 | 1,633 | ||||
| Property, plant and equipment | 480 | 666 | 788 | ||||||
| Intangible assets, net (including goodwill) | 1,175 | 1,398 | 1,464 | 1,688 | 1,829 | ||||
| Goodwill | 508 | 657 | 651 | 699 | 710 | ||||
| Intangible assets, net (excluding goodwill) | 667 | 742 | 813 | 989 | 1,119 | ||||
| Prepaid expense | 24 | ||||||||
| Deposits noncurrent assets | 25 | ||||||||
| Restricted cash and investments | 8 | 14 | |||||||
| Other noncurrent assets | 10 | 46 | 73 | 82 | 70 | ||||
| Other undisclosed noncurrent assets | 165 | 163 | 153 | 827 | 889 | 35 | |||
| Total noncurrent assets: | 3,145 | 3,765 | 3,965 | 4,165 | 4,421 | 98 | |||
| Other undisclosed assets | 5,093 | ||||||||
| TOTAL ASSETS: | 4,804 | 4,722 | 5,086 | 5,299 | 5,755 | 6,393 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 202 | 449 | 590 | 698 | 661 | 688 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 66 | 115 | 90 | ||
| Accounts payable | 39 | 64 | 102 | 109 | 101 | 95 | |||
| Accrued liabilities | 164 | 386 | 489 | 523 | 444 | 504 | |||
| Deferred revenue | 70 | 51 | 60 | 77 | 64 | 84 | |||
| Debt | 0 | 1 | 25 | 21 | 21 | 408 | |||
| Disposal group, including discontinued operation | 775 | 69 | 111 | ||||||
| Other undisclosed current liabilities | 224 | 314 | 334 | 317 | 344 | ||||
| Total current liabilities: | 1,272 | 884 | 1,122 | 1,113 | 1,090 | 1,181 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,660 | 5,631 | 5,569 | 6,895 | 6,893 | 6,623 | |||
| Long-term debt, excluding current maturities | 5,660 | 5,631 | 5,569 | 5,584 | 5,551 | 5,064 | |||
| Liabilities, other than long-term debt, including: | 1,512 | 1,658 | 1,658 | 486 | 199 | 183 | |||
| Asset retirement obligations | 46 | 44 | |||||||
| Deferred income tax liabilities | 222 | 231 | 244 | 325 | |||||
| Other liabilities | 61 | 101 | 137 | 161 | |||||
| Operating lease, liability | 1,229 | 1,326 | 1,278 | 1,311 | 1,342 | 1,560 | |||
| Other undisclosed liabilities, other than long-term debt | 153 | 139 | |||||||
| Other undisclosed noncurrent liabilities | 356 | 461 | |||||||
| Total noncurrent liabilities: | 7,172 | 7,289 | 7,227 | 7,380 | 7,448 | 7,267 | |||
| Total liabilities: | 8,444 | 8,173 | 8,349 | 8,493 | 8,538 | 8,448 | |||
| Equity | |||||||||
| Equity, attributable to parent | (3,651) | (3,463) | (3,276) | (3,205) | (2,793) | (2,208) | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Treasury stock, value | (28) | (24) | (19) | (8) | (3) | (3) | |||
| Additional paid in capital | 3,590 | 3,564 | 3,543 | 3,522 | 3,503 | 3,490 | |||
| Accumulated other comprehensive loss | (258) | (227) | (335) | (351) | (359) | (350) | |||
| Accumulated deficit | (6,960) | (6,781) | (6,470) | (6,373) | (5,940) | (5,350) | |||
| Equity, attributable to noncontrolling interest | 12 | 12 | 13 | 11 | 11 | 153 | |||
| Total equity: | (3,640) | (3,451) | (3,263) | (3,194) | (2,783) | (2,055) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,804 | 4,722 | 5,086 | 5,299 | 5,755 | 6,393 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,505 | 2,127 | 2,481 | 2,241 | 1,855 | 2,684 | ||
| Operating lease, lease income | 500 | 699 | 764 | 720 | 594 | 753 | ||
| Cost of revenue (Cost of Product and Service Sold) | (681) | (1,093) | (1,328) | (1,270) | (1,201) | (1,452) | ||
| Gross profit: | 825 | 1,034 | 1,153 | 971 | 653 | 1,232 | ||
| Operating expenses | (253) | (372) | (508) | (578) | (593) | (555) | ||
| Other operating income (expense), net | 8 | (12) | (2) | 1 | 54 | 1 | ||
| Other undisclosed operating loss | (301) | (414) | (412) | (409) | (407) | (425) | ||
| Operating income (loss): | 279 | 237 | 232 | (16) | (292) | 253 | ||
| Nonoperating income (expense) | (8) | 6 | (35) | 2 | (0) | (15) | ||
| Gain (loss), foreign currency transaction, before tax | (39) | (4) | 1 | (2) | ||||
| Other nonoperating income (expense) | (12) | (7) | 2 | 6 | (1) | (14) | ||
| Interest and debt expense | (404) | (418) | (363) | (453) | (366) | (520) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (7) | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (133) | (174) | (166) | (468) | (658) | (290) | ||
| Income from equity method investments | 2 | 2 | 2 | 0 | 1 | 0 | ||
| Other undisclosed loss from continuing operations before income taxes | (2) | (2) | (2) | (0) | (1) | (0) | ||
| Loss from continuing operations before income taxes: | (133) | (174) | (166) | (468) | (658) | (290) | ||
| Income tax expense (benefit) | 9 | 17 | 72 | 35 | 58 | (72) | ||
| Loss from continuing operations: | (124) | (157) | (94) | (433) | (600) | (362) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (433) | (600) | (362) | |
| Income (loss) from discontinued operations | (52) | (152) | ||||||
| Net income (loss): | (176) | (309) | (94) | (433) | (600) | (362) | ||
| Net income (loss) attributable to noncontrolling interest | (3) | (2) | (2) | (1) | 17 | (2) | ||
| Net income (loss) available to common stockholders, diluted: | (179) | (311) | (97) | (434) | (583) | (363) | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (176) | (309) | (94) | (433) | (600) | (362) | ||
| Other comprehensive income (loss) | 108 | 16 | 8 | (18) | (6) | |||
| Other undisclosed comprehensive income (loss) | (2) | (1) | 17 | (2) | ||||
| Comprehensive income (loss): | (176) | (201) | (81) | (426) | (601) | (370) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (0) | 0 | 0 | 2 | 1 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (34) | (2) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (210) | (203) | (81) | (426) | (599) | (368) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.