Clear Channel Outdoor Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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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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Consolidated Statements of Loss
| (In thousands, except per share data) | Year Ended December 31, | ||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $2,127,140 | $2,014,028 | $1,768,758 |
| Operating expenses: | |||
| Direct operating expenses(1) | 1,092,686 | 981,979 | 887,034 |
| Selling, general and administrative expenses(1) | 371,643 | 357,589 | 329,629 |
| Corporate expenses(1) | 172,324 | 161,852 | 158,241 |
| Depreciation and amortization | 241,828 | 217,835 | 213,098 |
| Impairment charges | — | 22,676 | 118,950 |
| Other operating expense, net | 11,769 | 2,133 | 3,014 |
| Operating income | 236,890 | 269,964 | 58,792 |
| Interest expense, net | (421,434) | (360,599) | (348,995) |
| Gain (loss) on extinguishment of debt | 3,817 | — | (102,757) |
| Other income (expense), net | 6,403 | (37,060) | (1,642) |
| Loss from continuing operations before income taxes | (174,324) | (127,695) | (394,602) |
| Income tax benefit attributable to continuing operations | 17,217 | 80,392 | 36,458 |
| Loss from continuing operations | (157,107) | (47,303) | (358,144) |
| Loss from discontinued operations | (151,709) | (47,085) | (74,976) |
| Consolidated net loss | (308,816) | (94,388) | (433,120) |
| Less: Net income attributable to noncontrolling interests | 2,106 | 2,216 | 695 |
| Net loss attributable to the Company | $(310,922) | $(96,604) | $(433,815) |
| Net loss attributable to the Company per share of common stock — Basic and Diluted: | |||
| Net loss from continuing operations attributable to the Company per share of common stock | $(0.33) | $(0.10) | $(0.77) |
| Net loss from discontinued operations attributable to the Company per share of common stock | (0.32) | (0.10) | (0.16) |
| Net loss attributable to the Company per share of common stock — Basic and Diluted(2) | $(0.65) | $(0.20) | $(0.93) |
(2)Due to rounding, the total may not equal the sum of the line items in the table above.
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