Clear Channel Outdoor Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

CCO$2.42-0.4%Stored close · as of Oct 14, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In thousands, except share and per share data)	December 31,	December 31,
	2023	2022
CURRENT ASSETS
Cash and cash equivalents	$251,652	$282,232
Accounts receivable, net	499,811	453,683
Prepaid expenses	49,398	44,989
Other current assets	25,227	17,482
Current assets of discontinued operations	131,313	322,530
Total Current Assets	957,401	1,120,916
PROPERTY, PLANT AND EQUIPMENT
Structures, net	467,261	468,935
Other property, plant and equipment, net	199,083	203,178
INTANGIBLE ASSETS AND GOODWILL
Permits, net	665,687	723,061
Other intangible assets, net	239,187	250,946
Goodwill	656,563	650,643
OTHER ASSETS
Operating lease right-of-use assets	1,491,302	1,404,269
Other assets	45,991	48,449
Other assets of discontinued operations	—	215,614
Total Assets	$4,722,475	$5,086,011
CURRENT LIABILITIES
Accounts payable	$63,587	$73,429
Accrued expenses	385,620	330,750
Current operating lease liabilities	216,578	211,952
Accrued interest	97,671	80,133
Deferred revenue	50,882	47,930
Current portion of long-term debt	612	21,203
Current liabilities of discontinued operations	68,778	356,143
Total Current Liabilities	883,728	1,121,540
NON-CURRENT LIABILITIES
Long-term debt	5,631,291	5,540,698
Non-current operating lease liabilities	1,326,143	1,237,530
Deferred tax liabilities, net	231,481	236,210
Other liabilities	100,575	93,328
Other liabilities of discontinued operations	—	119,511
Total Liabilities	8,173,218	8,348,817
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ DEFICIT
Noncontrolling interests	12,298	12,864
Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (494,061,048 and 483,639,206 shares issued as of December 31, 2023 and 2022, respectively)	4,941	4,836
Additional paid-in capital	3,563,807	3,543,424
Accumulated deficit	(6,780,875)	(6,469,953)
Accumulated other comprehensive loss	(227,344)	(335,189)
Treasury stock (11,003,897 and 7,325,251 shares held as of December 31, 2023 and 2022, respectively)	(23,570)	(18,788)
Total Stockholders’ Deficit	(3,450,743)	(3,262,806)
Total Liabilities and Stockholders’ Deficit	$4,722,475	$5,086,011

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.