← Clear Channel Outdoor Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $141.4m | ($644.3m) | ($218.2m) | ($363.3m) | ($582.7m) | ($433.8m) | ($96.6m) | ($310.9m) | ($179.3m) | $19.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $141.4m | ($644.3m) | ($218.2m) | ($363.3m) | ($582.7m) | ($433.8m) | ($96.6m) | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $164.4m | ($626.2m) | ($202.8m) | ($361.8m) | ($600.2m) | ($433.1m) | ($94.4m) | ($308.8m) | ($175.9m) | $24.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($159.1m) | ($127.0m) | ($108.4m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($157.1m) | ($123.8m) | ($103.7m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($151.7m) | ($52.1m) | $128.5m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($151.8m) | ($52.2m) | $128.4m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $23.0m | $18.1m | $15.4m | $1.5m | ($17.5m) | $695k | $2.2m | $2.1m | $3.4m | $4.8m | |
| Depreciation, Depletion and Amortization | $344.1m | $326.0m | $319.0m | $309.3m | $269.4m | $253.2m | $253.8m | $241.8m | $174.0m | $175.0m | |
| Amortization of Debt Issuance Costs and Discounts | $10.6m | $10.5m | $10.7m | $10.3m | $11.8m | $11.5m | $11.2m | $11.7m | $11.6m | $10.1m | |
| Amortization of Intangible Assets | $37.8m | $27.9m | $20.0m | $21.4m | $22.0m | $22.5m | $35.7m | $79.0m | $78.3m | $78.8m | |
| Depreciation | — | — | — | — | — | $230.7m | $218.1m | $162.8m | $95.7m | $96.2m | |
| Deferred Income Tax Expense (Benefit) | $31.3m | ($311.1m) | $14.4m | $24.1m | ($80.3m) | ($31.6m) | ($81.8m) | ($29.0m) | ($12.6m) | $2.9m | |
| Share-based Payment Arrangement, Noncash Expense | $10.2m | $9.6m | $8.5m | $15.8m | $13.2m | $19.4m | $21.1m | $20.5m | $26.2m | $25.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $10.9m | $4.8m | $4.9m | $4.5m | |
| Share-based Payment Arrangement, Expense | $3.9m | $3.3m | $2.2m | $4.1m | $3.3m | $4.8m | $5.4m | $20.3m | $23.1m | $25.5m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $300k | — | — | — | — | — | |
| Goodwill, Impairment Loss | $7.3m | $1.6m | $0 | — | $9.7m | $0 | $16.9m | — | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $7.8m | $5.3m | $150.4m | $119.0m | $900k | — | $0 | $0 | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($1.7m) | ($12.0m) | ($100.0m) | ($28.6m) | $135.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $363.5m | $29.3m | $3.4m | $1.9m | $65.4m | $1.7m | $12.0m | $100.0m | $28.6m | ($135.0m) | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | ($101.7m) | ($5.4m) | ($102.8m) | $0 | $3.8m | ($2.4m) | ($15.0m) | |
| Income (Loss) from Equity Method Investments | ($1.7m) | ($990k) | $904k | $364k | $697k | $176k | $2.0m | $1.7m | $2.2m | $2.3m | |
| Income Tax Expense (Benefit) | $76.7m | ($280.2m) | $32.5m | $72.3m | ($58.0m) | ($34.5m) | ($71.8m) | ($17.2m) | ($9.4m) | $4.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $401.5m | $395.6m | |
| Operating Lease, Lease Income | — | — | — | $752.7m | $593.9m | $719.9m | $764.1m | $699.0m | $499.6m | $466.6m | |
| Other Nonoperating Income (Expense) | ($552k) | $237k | ($1.7m) | ($13.5m) | ($1.4m) | $5.6m | $2.1m | ($7.2m) | ($11.6m) | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($30.3m) | $39.8m | $74.6m | $12.6m | ($109.0m) | $177.1m | $20.5m | $35.8m | $23.9m | ($4.4m) | |
| Asset Retirement Obligation, Accretion Expense | $4.9m | $3.4m | $3.1m | $3.2m | $2.3m | $4.3m | $3.5m | $2.7m | $2.0m | $2.3m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($69.6m) | $29.6m | ($33.6m) | ($2.2m) | $502k | ($4.0m) | ($39.1m) | $12.4m | $6.6m | ($4.0m) | |
| Gain (Loss) on Investments | — | ($1.0m) | — | — | — | — | — | — | — | — | |
| Goodwill | $696.3m | $714.0m | $706.0m | $704.2m | $709.6m | $698.7m | $650.6m | $656.6m | $507.8m | $507.8m | |
| Nonoperating Income (Expense) | ($70.2m) | $29.8m | ($35.3m) | ($15.4m) | ($170k) | $1.8m | ($35.1m) | $6.4m | ($8.4m) | $1.2m | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | $43.8m | $0 | $0 | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | $6.2m | $19.4m | ($2.7m) | $6.5m | $4.1m | $2.9m | $3.2m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $1.3b | $1.4b | $1.9b | $1.3b | $1.5b | $1.7b | $1.4b | $1.0b | $1.1b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | ($876k) | $0 | $0 | — | — | — | |
| Other Operating Income (Expense), Net | $354.7m | $26.4m | $2.5m | $1.2m | $53.6m | $627k | ($2.4m) | ($11.8m) | $8.3m | $2.7m | |
| Net Cash Provided by (Used in) Operating Activities | $310.3m | $160.1m | $187.3m | $214.5m | ($137.8m) | ($133.5m) | $140.0m | $31.3m | $79.7m | $114.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $229.8m | $224.2m | $211.1m | $221.2m | $120.4m | $148.0m | $184.7m | $166.6m | $142.4m | $82.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | $62.0m | $12.1m | $26.6m | $563k | |
| Payments for (Proceeds from) Other Investing Activities | $25.5m | $1.5m | $450k | ($1.7m) | $191k | ($618k) | $2.1m | $687k | $618k | $1.1m | |
| Net Cash Provided by (Used in) Investing Activities | $551.5m | ($154.5m) | ($203.6m) | ($220.0m) | $94.5m | ($152.7m) | ($221.7m) | ($119.6m) | ($155.9m) | $523.3m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $6.9m | $156.0m | $0 | $5.5b | $375.0m | $2.1b | $0 | $750.0m | $1.7b | $2.0b | |
| Repayments of Long-term Debt | $2.3m | $748k | $632k | $5.7b | $75.0m | $2.0b | $21.4m | $683.5m | $1.6b | $2.6b | |
| Proceeds from Issuance of Common Stock | — | — | — | $333.4m | $0 | $0 | — | — | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | ($12.0m) | ($4.5m) | $6.3m | $444k | — | $396k | $2.7m | $4.0m | $4.9m | |
| Dividends paid | $755.5m | $332.8m | $30.7m | $740k | $405k | — | — | — | — | — | |
| Dividends Payable, Current | $0 | — | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($1.4m) | ($7.1m) | ($2.3m) | ($3.5m) | ($425k) | ($5.3m) | ($396k) | ($2.7m) | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($726.5m) | ($379.5m) | $40.7m | $220.0m | $418.3m | ($85.2m) | ($32.7m) | $45.6m | ($8.2m) | ($598.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($5.3m) | $9.5m | ($9.8m) | ($287k) | $3.0m | ($3.7m) | ($6.9m) | $4.5m | ($4.1m) | $4.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($5.3m) | ($364.4m) | ($9.8m) | $214.2m | $378.0m | ($375.1m) | ($121.3m) | ($38.1m) | ($88.5m) | $44.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($5.3m) | $188.3m | $202.9m | $417.1m | $795.1m | $420.0m | $298.7m | $260.5m | $172.1m | $216.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $368.1m | $374.3m | $375.5m | $323.9m | $323.8m | $387.6m | $341.4m | $404.4m | $434.5m | $394.4m | |
| Income Taxes Paid, Net | $40.2m | $33.7m | $29.0m | $25.2m | $35.2m | $4.8m | $5.0m | $10.3m | $16.1m | $2.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.