Clear Channel Outdoor Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 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
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| (In thousands, except per share data) | June 30, | June 30, | ||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $558,541 | $530,820 | $1,040,293 | $968,240 |
| Operating expenses: | ||||
| Direct operating expenses(1) | 281,625 | 266,226 | 542,462 | 518,829 |
| Selling, general and administrative expenses(1) | 98,897 | 89,314 | 191,565 | 179,209 |
| Corporate expenses(1) | 44,704 | 58,316 | 84,830 | 94,496 |
| Depreciation and amortization | 53,883 | 64,502 | 108,173 | 128,710 |
| Impairment charges | 18,073 | — | 18,073 | — |
| Other operating expense, net | 4,622 | 23 | 6,061 | 3,943 |
| Operating income | 56,737 | 52,439 | 89,129 | 43,053 |
| Interest expense, net | (107,410) | (104,733) | (215,065) | (207,233) |
| Loss on extinguishment of debt | — | — | (4,787) | — |
| Other income (expense), net | (98) | 12,211 | (8,444) | 20,991 |
| Loss from continuing operations before income taxes | (50,771) | (40,083) | (139,167) | (143,189) |
| Income tax benefit attributable to continuing operations | 2,458 | 1,277 | 2,191 | 11,778 |
| Loss from continuing operations | (48,313) | (38,806) | (136,976) | (131,411) |
| Income from discontinued operations | 9,679 | 2,227 | 9,259 | 59,410 |
| Consolidated net loss | (38,634) | (36,579) | (127,717) | (72,001) |
| Less: Net income attributable to noncontrolling interests | 536 | 718 | 1,120 | 208 |
| Net loss attributable to the Company | $(39,170) | $(37,297) | $(128,837) | $(72,209) |
| Net income (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 | $(0.10) | $(0.08) | $(0.28) | $(0.27) |
| Net income from discontinued operations attributable to the Company per share of common stock | 0.02 | — | 0.02 | 0.12 |
| Net loss attributable to the Company per share of common stock — Basic and Diluted(2) | $(0.08) | $(0.08) | $(0.26) | $(0.15) |
(1)Excludes depreciation and amortization
(2)Due to rounding, the total may not equal the sum of the line items in the table above.
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