Clear Channel Outdoor Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Clear Channel Outdoor Holdings Inc. reported revenue of $1.6B (+6.6% year on year) and net income of $24.7M (+114.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $2.1B | $2.5B |
| Direct operating expenses | $748.0M | $680.6M | $1.1B | $1.3B |
| Selling, general and administrative expenses | $262.4M | $252.9M | $371.6M | $468.0M |
| Corporate expenses | $110.9M | $126.9M | $172.3M | $157.9M |
| Depreciation and amortization | $175.0M | $174.0M | $241.8M | $253.8M |
| Other operating income, net | ($2.7M) | ($8.3M) | $11.8M | $2.4M |
| Operating income | $310.6M | $279.2M | $236.9M | $231.5M |
| Interest expense, net | ($395.6M) | ($401.5M) | ($421.4M) | ($362.7M) |
| Gain (loss) on extinguishment of debt, net | ($15.0M) | ($2.4M) | $3.8M | $0 |
| Other income (expense), net | $1.2M | ($8.4M) | $6.4M | ($35.1M) |
| Loss from continuing operations before income taxes | ($98.8M) | ($133.1M) | ($174.3M) | ($166.2M) |
| Income tax benefit (expense) attributable to continuing operations | ($4.9M) | $9.4M | $17.2M | $71.8M |
| Loss from continuing operations | ($103.7M) | ($123.8M) | ($157.1M) | — |
| Income (loss) from discontinued operations | $128.5M | ($52.1M) | ($151.7M) | — |
| Consolidated net income (loss) | $24.7M | ($175.9M) | ($308.8M) | ($94.4M) |
| Less: Net income attributable to noncontrolling interests | $4.8M | $3.4M | $2.1M | $2.2M |
| Net income (loss) attributable to the Company | $19.9M | ($179.3M) | ($310.9M) | ($96.6M) |
| Net loss from continuing operations attributable to the Company per share of common stock - basic (in dollars per share) | -$0.22 | -$0.26 | -$0.33 | — |
| Net loss from continuing operations attributable to the Company per share of common stock - diluted (in dollars per share) | -$0.22 | -$0.26 | -$0.33 | — |
| Net income (loss) from discontinued operations attributable to the Company per share of common stock - basic (in dollars per share) | $0.26 | -$0.11 | -$0.32 | — |
| Net income (loss) from discontinued operations attributable to the Company per share of common stock - diluted (in dollars per share) | $0.26 | -$0.11 | -$0.32 | — |
| Net income (loss) attributable to the Company per share of common stock - Basic (in dollars per share) | $0.04 | -$0.37 | -$0.65 | -$0.20 |
| Net income (loss) attributable to the Company per share of common stock - Diluted (in dollars per share) | $0.04 | -$0.37 | -$0.65 | -$0.20 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $438.0M | $373.9M | $405.6M | $402.8M |
| Direct operating expenses | $196.2M | $180.1M | $184.4M | $185.5M |
| Selling, general and administrative expenses | $70.0M | $66.6M | $66.2M | $65.7M |
| Corporate expenses | $36.6M | $30.8M | $30.3M | $31.1M |
| Depreciation and amortization | $41.2M | $41.5M | $43.9M | $43.3M |
| Other operating expense (income), net | $5.0M | $15.3M | $107.0K | ($315.0K) |
| Operating income | $89.1M | $39.5M | $80.7M | $77.4M |
| Interest expense, net | ($99.0M) | ($98.5M) | ($101.1M) | ($96.0M) |
| Gain on extinguishment of debt | $0 | — | ($43.8M) | $28.8M |
| Other income, net | $268.0K | $741.0K | $69.0K | $663.0K |
| Income (loss) from continuing operations before income taxes | ($9.7M) | ($58.3M) | ($64.0M) | $10.9M |
| Income tax benefit (expense) attributable to continuing operations | ($299.0K) | $8.8M | $14.4M | ($4.5M) |
| Income (loss) from continuing operations | ($10.0M) | ($49.4M) | ($49.6M) | $6.3M |
| Income from discontinued operations | $5.0M | $1.5M | ($9.3M) | $4.3M |
| Consolidated net income (loss) | ($5.0M) | ($48.0M) | ($58.8M) | $10.6M |
| Less: Net income attributable to noncontrolling interests | $359.0K | $600.0K | $1.2M | $1.1M |
| Net income (loss) attributable to the Company | ($5.3M) | ($48.6M) | ($60.1M) | $9.5M |
| Net income (loss) from continuing operations attributable to the Company per share of common stock - basic (in dollars per share) | -$0.02 | -$0.10 | -$0.10 | $0.01 |
| Net income (loss) from continuing operations attributable to the Company per share of common stock - diluted (in dollars per share) | -$0.02 | -$0.10 | -$0.10 | $0.01 |
| Net income from discontinued operations attributable to the Company per share of common stock - basic (in dollars per share) | $0.01 | $0.00 | -$0.02 | $0.01 |
| Net income from discontinued operations attributable to the Company per share of common stock - diluted (in dollars per share) | $0.01 | $0.00 | -$0.02 | $0.01 |
| Net income (loss) attributable to the Company per share of common stock — basic (in dollars per share) | -$0.01 | -$0.10 | -$0.12 | $0.02 |
| Net income (loss) attributable to the Company per share of common stock — diluted (in dollars per share) | -$0.01 | -$0.10 | -$0.12 | $0.02 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $190.0M | $109.7M | $251.7M | $286.8M |
| Accounts receivable, net | $371.4M | $344.1M | $499.8M | $619.8M |
| Prepaid expenses | $21.8M | $27.1M | $49.4M | $55.4M |
| Other current assets | $7.3M | $2.1M | $25.2M | $27.4M |
| Current assets of discontinued operations | $202.7M | $1.2B | $131.3M | — |
| Total Current Assets | $793.2M | $1.7B | $957.4M | $1.1B |
| Structures, net | $298.8M | $335.8M | $467.3M | $556.3M |
| Other property, plant and equipment, net | $143.0M | $144.2M | $199.1M | $231.2M |
| Permits and other intangible assets, net | $754.2M | $831.8M | $904.9M | $974.2M |
| Goodwill | $507.8M | $507.8M | $656.6M | $650.6M |
| Operating lease right-of-use assets | $1.3B | $1.3B | $1.5B | $1.5B |
| Other assets | $17.9M | $10.1M | $46.0M | $73.1M |
| Total Assets | $3.8B | $4.8B | $4.7B | $5.1B |
| Accounts payable | $32.1M | $38.8M | $63.6M | $101.6M |
| Accrued expenses | $169.7M | $163.6M | $385.6M | $488.8M |
| Current operating lease liabilities | $142.1M | $132.9M | $216.6M | $254.2M |
| Accrued interest | $99.1M | $90.9M | $97.7M | $80.1M |
| Deferred revenue | $75.4M | $70.2M | $50.9M | $60.4M |
| Current portion of long-term debt | $312.0K | $348.0K | $612.0K | $25.2M |
| Current liabilities of discontinued operations | $99.3M | $775.2M | $68.8M | — |
| Total Current Liabilities | $618.1M | $1.3B | $883.7M | $1.1B |
| Long-term debt | $5.1B | $5.7B | $5.6B | $5.6B |
| Non-current operating lease liabilities | $1.2B | $1.2B | $1.3B | $1.3B |
| Deferred tax liabilities, net | $221.6M | $221.8M | $231.5M | $243.7M |
| Other liabilities | $55.3M | $61.0M | $100.6M | $137.0M |
| Total Liabilities | $7.2B | $8.4B | $8.2B | $8.3B |
| Noncontrolling interests | $11.6M | $11.7M | $12.3M | $12.9M |
| Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (513,531,599 and 503,245,029 shares issued as of December 31, 2025 and 2024, respectively) | $5135000.00 | $5032000.00 | $4941000.00 | $4836000.00 |
| Additional paid-in capital | $3.6B | $3.6B | $3.6B | $3.5B |
| Accumulated deficit | ($6.9B) | ($7.0B) | ($6.8B) | ($6.5B) |
| Accumulated other comprehensive loss | ($53.4M) | ($257.8M) | ($227.3M) | ($335.2M) |
| Treasury stock (16,060,676 and 14,038,477 shares held as of December 31, 2025 and 2024, respectively) | -30.7M | -28.4M | -23.6M | — |
| Total Stockholders’ Deficit | ($3.4B) | ($3.6B) | ($3.5B) | ($3.3B) |
| Total Liabilities and Stockholders’ Deficit | $3.8B | $4.8B | $4.7B | $5.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $192.1M | $182.4M | $155.0M | $138.6M |
| Accounts receivable, net | $368.0M | $345.7M | $340.3M | $330.5M |
| Prepaid expenses | $18.8M | $25.6M | $23.0M | $20.5M |
| Other current assets | $6.3M | $3.3M | $8.3M | $9.3M |
| Current assets of discontinued operations | $187.3M | $176.8M | $173.0M | $165.9M |
| Total Current Assets | $772.5M | $733.8M | $699.6M | $664.8M |
| Structures, net | $282.9M | $287.7M | $306.2M | $320.1M |
| Other property, plant and equipment, net | $145.7M | $144.7M | $136.4M | $137.3M |
| Permits and other intangible assets, net | $715.7M | $734.7M | $773.9M | $793.2M |
| Goodwill | $507.8M | $507.8M | $507.8M | $507.8M |
| Operating lease right-of-use assets | $1.3B | $1.3B | $1.3B | $1.3B |
| Other assets | $19.9M | $18.3M | $19.6M | $20.6M |
| Total Assets | $3.8B | $3.7B | $3.8B | $3.8B |
| Accounts payable | $37.2M | $35.1M | $30.8M | $40.3M |
| Accrued expenses | $162.0M | $132.3M | $150.3M | $142.2M |
| Current operating lease liabilities | $134.4M | $131.8M | $133.2M | $131.5M |
| Accrued interest | $88.9M | $103.0M | $113.2M | $82.2M |
| Deferred revenue | $102.7M | $96.7M | $78.4M | $82.1M |
| Current portion of long-term debt | $314.0K | $316.0K | $299.0K | $286.0K |
| Current liabilities of discontinued operations | $90.3M | $86.9M | $109.4M | $99.5M |
| Total Current Liabilities | $615.9M | $586.1M | $615.6M | $578.0M |
| Long-term debt | $5.1B | $5.1B | $5.1B | $5.1B |
| Non-current operating lease liabilities | $1.2B | $1.2B | $1.2B | $1.2B |
| Deferred tax liabilities, net | $212.7M | $211.0M | $215.0M | $230.4M |
| Other liabilities | $56.8M | $54.6M | $56.1M | $61.5M |
| Total Liabilities | $7.2B | $7.2B | $7.2B | $7.2B |
| Noncontrolling interests | $6.4M | $12.0M | $9.9M | $8.7M |
| Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (527,979,483 shares issued as of June 30, 2026; 513,531,599 shares issued as of December 31, 2025) | $5280000.00 | $5146000.00 | $5131000.00 | $5130000.00 |
| Additional paid-in capital | $3.6B | $3.6B | $3.6B | $3.6B |
| Accumulated deficit | ($7.0B) | ($7.0B) | ($6.9B) | ($6.9B) |
| Accumulated other comprehensive loss | ($56.2M) | ($55.0M) | ($98.2M) | ($97.7M) |
| Treasury stock (18,967,026 shares held as of June 30, 2026; 16,060,676 shares held as of December 31, 2025) | -37.6M | -30.7M | -30.7M | -30.7M |
| Total Stockholders' Deficit | ($3.5B) | ($3.4B) | ($3.5B) | ($3.4B) |
| Total Liabilities and Stockholders' Deficit | $3.8B | $3.7B | $3.8B | $3.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Consolidated net income (loss) | $24.7M | ($175.9M) | ($308.8M) | ($94.4M) |
| Non-cash operating lease expense, net of interest | $207.1M | $270.5M | $299.3M | $334.8M |
| Depreciation, amortization and impairment | $175.0M | $239.6M | $258.3M | $293.4M |
| Loss (gain) on classification as held for sale and disposition of businesses and operating assets, net | ($135.0M) | $28.6M | $100.0M | — |
| Share-based compensation | $25.6M | $26.2M | $20.5M | $21.1M |
| Amortization of deferred financing charges and note discounts | $10.1M | $11.6M | $11.7M | $11.2M |
| Foreign exchange transaction loss (gain) | $4.0M | ($6.6M) | ($12.4M) | $39.1M |
| Credit loss expense | $3.2M | $2.9M | $4.1M | — |
| Deferred income taxes | $710.0K | ($11.5M) | ($12.2M) | — |
| Loss on extinguishment and modification of debt, net | $20.4M | $16.8M | — | — |
| Other reconciling items, net | $1.2M | $2.7M | $2.3M | ($2.1M) |
| Decrease (increase) in accounts receivable | $4.4M | ($23.9M) | ($35.8M) | ($20.5M) |
| Decrease (increase) in prepaid expenses and other operating assets | ($5.8M) | $9.2M | ($18.0M) | ($15.3M) |
| Increase (decrease) in accounts payable and accrued expenses | ($20.4M) | ($31.4M) | $6.8M | — |
| Decrease in operating lease liabilities (cash payments, net of interest) | ($207.7M) | ($280.0M) | ($307.0M) | ($349.2M) |
| Increase (decrease) in accrued interest | $8.2M | ($6.7M) | $17.9M | $14.0M |
| Increase in deferred revenue | $9.7M | $13.2M | $5.4M | ($2.8M) |
| Decrease in other operating liabilities | ($10.5M) | ($5.5M) | $2.8M | ($2.6M) |
| Net cash provided by operating activities | $114.9M | $79.7M | $31.3M | $140.0M |
| Capital expenditures | ($82.9M) | ($142.4M) | ($166.6M) | ($184.7M) |
| Payments for acquisition of businesses and/or assets, net of cash acquired | ($563.0K) | ($26.6M) | — | — |
| Proceeds from sales of businesses and/or assets, net of direct costs to sell and cash sold | $607.8M | $13.7M | $59.8M | — |
| Other investing activities, net | ($1.1M) | ($618.0K) | ($687.0K) | ($2.1M) |
| Net cash provided by (used for) investing activities | $523.3M | ($155.9M) | ($119.6M) | ($221.7M) |
| Proceeds from long-term debt | $2.0B | $1.7B | $750.0M | $0 |
| Payments on long-term debt | ($2.6B) | ($1.6B) | ($683.5M) | ($21.4M) |
| Debt issuance and modification costs | ($27.9M) | ($20.7M) | ($13.4M) | $0 |
| Taxes paid related to net share settlement of equity awards | ($4.5M) | ($4.9M) | ($4.8M) | ($10.9M) |
| Payments to noncontrolling interests, net | ($4.9M) | ($4.0M) | — | — |
| Net cash provided by (used for) financing activities | ($598.3M) | ($8.2M) | $45.6M | ($32.7M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $4.8M | ($4.1M) | $4.5M | ($6.9M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $44.6M | ($88.5M) | ($38.1M) | ($121.3M) |
| Cash, cash equivalents and restricted cash at beginning of year | $172.1M | $260.5M | $298.7M | $420.0M |
| Cash, cash equivalents and restricted cash at end of year | $216.7M | $172.1M | $260.5M | $298.7M |
| Cash paid for interest | $394.4M | $434.5M | $404.4M | $341.4M |
| Cash paid for income taxes, net of refunds | $7.4M | $16.1M | $10.3M | $5.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Consolidated net income (loss) | ($53.0M) | ($48.0M) | $15.0M | $73.9M |
| Non-cash operating lease expense, net of interest | $94.1M | $46.0M | $160.2M | $113.2M |
| Depreciation and amortization | $82.8M | $41.5M | — | — |
| Gain on disposition of businesses and/or operating assets, net | ($250.0K) | ($1.0M) | ($140.4M) | ($144.3M) |
| Share-based compensation | $13.8M | $5.9M | $19.2M | $12.8M |
| Amortization of deferred financing costs and note discounts | $5.0M | $2.5M | $7.7M | $5.3M |
| Credit loss expense | $3.4M | $2.6M | $2.6M | $1.6M |
| Deferred income taxes | ($8.9M) | ($10.6M) | ($5.9M) | $9.5M |
| Gain on extinguishment of debt, net | $0 | $0 | $20.4M | ($23.4M) |
| Other reconciling items, net | ($784.0K) | ($444.0K) | ($1.2M) | ($1.1M) |
| Decrease in accounts receivable | $3.9M | $37.3M | $35.1M | $32.1M |
| Decrease (increase) in prepaid expenses and other operating assets | $4.7M | $424.0K | ($9.1M) | ($7.9M) |
| Decrease in accounts payable and accrued expenses | ($9.9M) | ($38.5M) | ($47.7M) | ($51.9M) |
| Decrease in operating lease liabilities (cash payments, net of interest) | ($105.9M) | ($59.8M) | ($167.4M) | ($124.1M) |
| Decrease in accrued interest | ($10.2M) | $3.9M | $22.2M | ($8.8M) |
| Increase in deferred revenue | $27.4M | $20.7M | $23.3M | $27.2M |
| Increase (decrease) in other operating liabilities | $1.7M | $820.0K | ($9.6M) | ($2.7M) |
| Net cash provided by operating activities | $47.8M | $3.2M | $58.5M | $2.3M |
| Capital expenditures | ($35.3M) | ($16.0M) | ($56.9M) | ($42.1M) |
| Proceeds from sales of businesses and/or assets, net of direct costs to sell and cash sold | $1.3M | ($1.2M) | $603.5M | $599.3M |
| Other investing activities, net | ($693.0K) | ($85.0K) | ($1.1M) | $74.0K |
| Net cash provided by (used for) investing activities | ($34.7M) | ($17.3M) | $545.0M | $557.3M |
| Payments on long-term debt | ($145.0K) | ($71.0K) | ($2.6B) | ($574.7M) |
| Debt issuance costs | ($25.0K) | — | ($27.2M) | ($1.4M) |
| Taxes paid related to net share settlement of equity awards | ($14.7M) | — | ($4.4M) | ($4.4M) |
| Payments to noncontrolling interests, net | ($6.1M) | — | ($4.8M) | ($4.8M) |
| Net cash used for financing activities | ($21.0M) | ($325.0K) | ($597.3M) | ($585.3M) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($958.0K) | ($666.0K) | $4.7M | $4.4M |
| Net decrease in cash, cash equivalents and restricted cash | ($8.8M) | ($15.1M) | $10.9M | ($21.3M) |
| Cash, cash equivalents and restricted cash at beginning of period | $216.7M | $216.7M | $172.1M | $172.1M |
| Cash, cash equivalents and restricted cash at end of period | $207.8M | $201.6M | $183.0M | $150.8M |
| Cash paid for interest | $205.8M | $93.9M | $282.0M | $210.2M |
| Cash paid for income taxes, net of refunds | $997.0K | $72.0K | $6.9M | $6.7M |
Clear Channel Outdoor Holdings Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.