Clear Channel Outdoor Holdings, Inc. (CCO) financial statements (2021 and earlier)

Company profile

Business Address 4830 NORTH LOOP 1604W, SUITE 111
SAN ANTONIO, TX 78249
State of Incorp.
Fiscal Year End December 31
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments785399182144542413186
Cash and cash equivalents785399182144542413186
Receivables468710706659593698698
Inventory, net of allowances, customer advances and progress billings17211822212422
Inventory17211822212422
Prepaid expense506196112112  
Deferred costs      8
Disposal group, including discontinued operation    56295 
Deposits current assets      3
Other current assets32333159394462
Other undisclosed current assets(17)(21)(18)(22)(21)104101
Total current assets:1,3351,2021,0169741,3411,5771,080
Noncurrent Assets
Operating lease, right-of-use asset1,633 
Property, plant and equipment      1,906
Long-term investments and receivables      948
Due from related parties      948
Intangible assets, net (including goodwill)1,829     2,296
Goodwill710     817
Intangible assets, net (excluding goodwill)1,119     1,479
Prepaid expense 245460627054
Deposits noncurrent assets 252423192526
Restricted cash and investments 141618   
Deferred costs     4142
Other noncurrent assets70     133
Other undisclosed noncurrent assets8893539234113(5,271)
Total noncurrent assets:4,42198133125122148133
Other undisclosed assets 5,0933,3743,5724,2554,6325,149
TOTAL ASSETS:5,7556,3934,5224,6715,7196,3576,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities661688645598568825620
Accounts payable10195114888710076
Accrued liabilities444504531510481508544
Interest and dividends payable11590   217 
Deferred revenue6484
Debt2140801743
Deferred revenue and credits59679195
Deferred tax liabilities    16
Contract with customer, liability85
Other undisclosed current liabilities344     (16)
Total current liabilities:1,0901,181730658642921718
Noncurrent Liabilities
Long-term debt and lease obligation6,8936,6235,2775,2665,1105,1574,930
Long-term debt, excluding current maturities5,5515,0645,2775,2665,1105,1574,930
Operating lease, liability1,3421,560
Liabilities, other than long-term debt, including:199183260270392626
Asset retirement obligations46444445  48
Deferred tax liabilities, net  641609620
Other liabilities   46259240235
Other undisclosed liabilities, other than long-term debt153139216180(861)(824)(877)
Other undisclosed noncurrent liabilities356461357318861824829
Total noncurrent liabilities:7,4487,2675,8945,8556,0106,0065,786
Total liabilities:8,5388,4486,6246,5126,6526,9276,503
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,793)(2,208)(2,266)(2,002)(1,086)(761)(141)
Common stock55    4
Treasury stock, value(3)(3)(7)(6)(4)(2)(1)
Additional paid in capital3,5033,4903,0863,1083,4323,9624,167
Accumulated other comprehensive loss(359)(350)(344)(339)(387)(452)(341)
Accumulated deficit(5,940)(5,350)(5,001)(4,766)(4,127)(4,269)(4,173)
Other undisclosed stockholders' equity attributable to parent      203
Stockholders' equity attributable to noncontrolling interest11153160157150188203
Other undisclosed stockholders' equity  4444(203)
Total stockholders' equity:(2,783)(2,055)(2,102)(1,841)(933)(570)(141)
TOTAL LIABILITIES AND EQUITY:5,7556,3934,5224,6715,7196,3576,362

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8552,6842,7222,5912,7022,8062,961
Operating lease, lease income594753
Operating leases, income statement, lease revenue1,335
Cost of revenue
(Cost of Goods and Services Sold)
(1,201)(1,452)(1,471)(1,403)(1,436)(1,495)(1,597)
Gross profit:6531,2321,2511,1891,2671,3111,364
Operating expenses(593)(555)(531)(513)(522)(553)(626)
Other operating income (expense), net541226355(5)7
Other undisclosed operating loss(407)(425)(471)(470)(462)(492)(464)
Operating income (loss):(292)253252232638261282
Nonoperating income (expense)(0)(15)(35)30(70)1231
Foreign currency transaction gain (loss), before tax1(2)(34)30(70) 15
Other nonoperating income (expense)(1)(14)(2)0(1)1215
Interest and debt expense(366)(520)(388)(381)(375)(356)(353)
Other undisclosed loss from continuing operations before equity method investments, income taxes (7)     
Income (loss) from continuing operations before equity method investments, income taxes:(658)(290)(172)(119)192(82)(40)
Income (loss) from equity method investments101(1)(2)(0)4
Other undisclosed income (loss) from continuing operations before income taxes(1)(0)0(788)506145
Income (loss) from continuing operations before income taxes:(658)(290)(170)(908)241(21)8
Income tax expense (benefit)58(72)(33)280(77)(50)9
Net income (loss):(600)(362)(203)(628)164(71)17
Net income (loss) attributable to noncontrolling interest17(2)(15)(12)(23)(25)(27)
Net income (loss) available to common stockholders, diluted:(583)(363)(218)(640)141(96)(10)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(600)(362)(203)(628)164(71)17
Other comprehensive income (loss)(18)(6)(14)5757(122)(134)
Other undisclosed comprehensive income (loss)17(2)(15)(12)(23)(25)(27)
Comprehensive income (loss):(601)(370)(232)(583)198(218)(144)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest218(9)8116
Comprehensive income (loss), net of tax, attributable to parent:(599)(368)(224)(592)207(207)(137)

Statements sources

The financial statements are based on the company's filings with the 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.

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