Clear Channel Outdoor Holdings, Inc. (CCO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments399182144542413186315
Cash and cash equivalents399182144542413186315
Receivables710706659593698698712
Inventory, net of allowances, customer advances and progress billings21182221242225
Inventory21182221242225
Prepaid expense6196112112   
Deferred costs     88
Disposal group, including discontinued operation   56295  
Deposits current assets     34
Prepaid expense and other current assets10
Other current assets333159394462 
Other undisclosed current assets(21)(18)(22)(21)104101165
Total current assets:1,2021,0169741,3411,5771,0801,238
Noncurrent Assets
Property, plant and equipment     1,9062,081
Long-term investments and receivables     948879
Due from related parties     948879
Intangible assets, net (including goodwill)     2,2962,406
Goodwill     817850
Intangible assets, net (excluding goodwill)     1,4791,556
Prepaid expense245460627054 
Deposits noncurrent assets25242319252624
Restricted cash and investments141618    
Deferred costs    414250
Other noncurrent assets     133 
Prepaid expense and other noncurrent assets216
Other undisclosed noncurrent assets3539234113(5,271)(5,501)
Total noncurrent assets:98133125122148133155
Other undisclosed assets5,0933,3743,5724,2554,6325,1495,366
TOTAL ASSETS:6,3934,5224,6715,7196,3576,3626,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities688645598568825620650
Accounts payable9511488871007686
Accrued liabilities504531510481508544564
Interest and dividends payable90   217  
Deferred revenue84
Debt4080174316
Deferred revenue and credits59679195108
Deferred tax liabilities    1616
Contract with customer, liability85
Other undisclosed current liabilities     (16)(16)
Total current liabilities:1,181730658642921718774
Noncurrent Liabilities
Long-term debt and lease obligation6,6235,2775,2665,1105,1574,9304,919
Long-term debt, excluding current maturities5,0645,2775,2665,1105,1574,9304,919
Operating lease, liability1,560
Liabilities, other than long-term debt, including:18326027039262629
Asset retirement obligations444445  4855
Deferred tax liabilities, net  641609620656
Other liabilities  46259240235250
Other undisclosed liabilities, other than long-term debt139216180(861)(824)(877)(932)
Other undisclosed noncurrent liabilities461357318861824829877
Total noncurrent liabilities:7,2675,8945,8556,0106,0065,7865,826
Total liabilities:8,4486,6246,5126,6526,9276,5036,599
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,208)(2,266)(2,002)(1,086)(761)(141)160
Common stock5    44
Treasury stock, value(3)(7)(6)(4)(2)(1)(1)
Additional paid in capital3,4903,0863,1083,4323,9624,1674,332
Accumulated other comprehensive loss(350)(344)(339)(387)(452)(341)(214)
Accumulated deficit(5,350)(5,001)(4,766)(4,127)(4,269)(4,173)(4,163)
Other undisclosed stockholders' equity attributable to parent     203202
Stockholders' equity attributable to noncontrolling interest153160157150188203202
Other undisclosed stockholders' equity 4444(203)(202)
Total stockholders' equity:(2,055)(2,102)(1,841)(933)(570)(141)160
TOTAL LIABILITIES AND EQUITY:6,3934,5224,6715,7196,3576,3626,759

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,6842,7222,5912,7022,8062,9612,946
Operating lease, lease income753
Operating leases, income statement, lease revenue1,335
Cost of revenue
(Cost of Goods and Services Sold)
(1,452)(1,471)(1,403)(1,436)(1,495)(1,597)(1,595)
Gross profit:1,2321,2511,1891,2671,3111,3641,351
Operating expenses(555)(531)(513)(522)(553)(626)(604)
Other operating income (expense), net1226355(5)723
Other undisclosed operating loss(425)(471)(470)(462)(492)(464)(481)
Operating income:253252232638261282290
Nonoperating income (expense)(15)(35)30(70)12313
Foreign currency transaction gain (loss), before tax(2)(34)30(70) 152
Other nonoperating income (expense)(14)(2)0(1)12151
Interest and debt expense(520)(388)(381)(375)(356)(353)(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:(290)(172)(119)192(82)(40)(60)
Income (loss) from equity method investments01(1)(2)(0)4(2)
Other undisclosed income (loss) from continuing operations before income taxes(0)0(788)50614553
Income (loss) from continuing operations before income taxes:(290)(170)(908)241(21)8(10)
Income tax expense (benefit)(72)(33)280(77)(50)9(15)
Net income (loss):(362)(203)(628)164(71)17(24)
Net loss attributable to noncontrolling interest(2)(15)(12)(23)(25)(27)(24)
Net income (loss) attributable to parent:(363)(218)(640)141(96)(10)(48)
Preferred stock dividends and other adjustments      (3)
Net income (loss) available to common stockholders, diluted:(363)(218)(640)141(96)(10)(51)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(362)(203)(628)164(71)17(24)
Other comprehensive income (loss)(6)(14)5757(122)(134)(3)
Other undisclosed comprehensive loss(2)(15)(12)(23)(25)(27)(24)
Comprehensive income (loss):(370)(232)(583)198(218)(144)(52)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest18(9)8116(2)
Other undisclosed comprehensive income, net of tax, attributable to parent      4
Comprehensive income (loss), net of tax, attributable to parent:(368)(224)(592)207(207)(137)(49)

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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