Clear channel outdoor holdings, inc. (CCO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-289,223

31,551

-212,369

-11,405

-169,554

31,332

-58,396

-42,943

-132,838

-534,259

-58,507

-2,448

-30,996

101,818

-23,771

-61,256

141,086

-19,846

-15,202

9,286

-32,953

51,944

1,420

60,124

-96,369

19,103

11,990

18,730

-74,149

-139,494

24,825

652

-45,193

29,613

9,786

34,212

-10,392

Reconciling items:
Depreciation and amortization

75,753

77,848

76,226

80,174

75,076

74,720

77,405

82,767

84,060

89,111

81,096

78,290

77,494

85,975

85,780

86,974

85,395

95,423

93,040

93,405

94,094

108,360

100,416

98,725

98,742

106,933

98,344

97,566

100,327

106,907

100,352

99,668

92,337

109,171

114,934

105,600

102,330

Impairment charges

123,137

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Tax Expense (Benefit)

17,743

12,700

26,510

-1,186

-13,957

-26,494

-5,612

29,590

16,911

-283,770

-3,961

-7,775

-15,579

3,450

-13,879

-10,200

52,654

12,826

-13,235

1,574

4,737

-9,756

3,910

-5,258

-22,465

6,630

-8,355

-6,456

-23,035

-124,539

-8,592

-8,703

-15,481

12,351

2,681

3,069

-19,494

Provision for doubtful accounts

3,735

1,454

352

2,571

1,846

2,279

1,791

1,631

1,686

412

2,256

3,551

521

2,215

1,782

4,644

2,018

4,698

3,542

2,619

2,525

1,756

1,251

2,622

1,521

1,683

-18

1,747

1,712

2,493

1,601

1,086

1,820

995

1,671

1,007

2,304

Amortization of deferred financing charges and note discounts, net

2,531

2,482

2,588

2,594

2,636

2,730

2,707

2,665

2,628

2,531

2,628

2,685

2,683

2,665

2,650

2,644

2,613

2,250

2,176

2,173

2,171

2,169

2,166

2,163

2,162

2,160

2,141

2,130

2,131

2,515

3,163

3,164

2,121

-

-

-

-

Share-based compensation

3,777

3,354

2,021

8,561

1,834

1,760

3,132

1,519

2,106

2,437

2,894

1,900

2,359

2,100

2,742

3,079

2,370

2,457

2,316

1,804

1,925

2,031

1,462

2,240

2,010

2,078

1,652

2,334

1,661

1,573

3,660

2,154

3,202

-

-

-

-

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

188

-

-628

271

-472

-315

-727

-232

-415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

0

-96,271

0

-5,474

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of operating and other assets, net

-5,461

-

-

1,319

-3,409

-

-

927

188

-948

-11,302

8,275

33,322

131,459

5,131

-58,624

285,519

-1,910

4,776

1,247

1,355

277

4,623

247

2,654

10,575

6,604

3,697

2,103

1,797

42,397

2,746

4,003

-

-

-

-

Foreign exchange transaction loss (gain)

-18,755

26,721

-25,344

-4,189

564

-12,201

-6,844

-34,135

19,600

7,297

9,557

9,175

3,534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other reconciling items, net

1,824

1,525

866

1,346

1,441

-2,228

3,590

129

969

-2,255

1,562

1,890

1,478

-302

39,968

-34,043

-4,957

-19,414

-17,542

14,925

20,681

-5,873

6,122

12,717

1,495

130

-1,082

-77

-1,159

-864

2,156

-1,792

388

1,570

-107

856

3,010

Changes in operating assets and liabilities:
Decrease in accounts receivable

-75,232

34,968

22,410

24,426

-69,249

59,305

23,135

28,475

-36,317

21,964

-4,292

59,170

-37,052

19,382

-17,553

47,896

-80,033

20,266

-3,607

75,016

-34,095

31,410

-26,649

84,504

-50,647

5,911

-16,141

30,317

-63,516

46,285

4,973

54,372

-59,336

9,934

-29,298

43,831

-40,296

Increase in prepaid expenses

7,013

3,387

-1,793

11,300

23,646

-21,683

-5,617

-13,200

38,423

-25,717

730

-39,716

55,095

-23,714

10,655

9,667

19,331

-18,339

-5,113

-25,079

56,109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other current assets

6,164

-

-

-

2,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in accounts payable

39,458

-6,542

-3,613

4,465

-7,829

15,620

-5,832

-11,115

30,574

-103

12,118

-635

-15,506

22,751

-12,741

4,383

-18,190

22,748

5,481

-6,901

4,362

4,741

9,294

-31,406

12,911

11,484

1,360

-7,283

-15,968

9,883

8,895

-7,774

-8,501

11,916

8,386

8,326

-4,926

Decrease in accrued expenses

-76,161

10,771

40,479

-2,167

-23,023

13,683

42,499

-5,356

-25,432

1,494

49,343

1,328

-59,481

47,571

49,598

-7,631

-64,020

73,311

-10,846

727

-59,575

37,929

10,454

1,486

-31,557

39,316

23,387

-7,398

-36,001

39,082

6,788

9,775

-30,351

-18,641

15,693

37,083

-69,977

Increase (decrease) in accrued interest

-56,881

60,079

-27,160

46,192

9,440

-8,647

9,544

-8,003

8,491

-5,600

6,092

-4,896

4,835

-4,863

2,149

-161

3,069

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred revenue

9,574

-25,535

17,952

-7,782

18,321

12,225

-13,669

-4,593

47,384

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred income

-

-

-

-

-

-

-

-

-

-

-

-13,669

44,232

-

-27,549

10,907

25,151

-

-20,212

982

39,758

-25,501

-23,146

-11

43,288

-21,101

7,972

-2,573

16,036

-1,604

-30,838

5,703

50,808

-37,232

-21,595

412

48,203

Changes in other operating assets and liabilities, net

36,511

-45,510

12,135

-6,610

-7,661

25,803

-6,367

3,312

7,493

10,297

-4,113

-11,360

4,367

15,507

-18,548

-3,876

-3,469

4,740

18,732

-5,986

3,272

1,746

7,881

-19,264

28,696

-5,021

1,844

-5,741

2,012

-18,334

-5,388

-14,413

10,329

-51,182

10,442

-11,947

45,871

Net cash provided by (used for) operating activities

-98,621

145,198

14,193

102,815

-47,680

66,848

54,559

60,842

5,026

87,011

92,191

30,626

-49,710

118,353

101,392

72,595

16,170

172,439

71,787

44,737

9,722

159,568

108,329

52,481

28,045

163,517

147,248

70,601

33,274

129,232

65,716

64,812

95,378

165,562

155,224

156,969

39,463

Cash flows from investing activities:
Purchases of property, plant and equipment

32,815

84,288

57,583

51,108

28,173

100,958

48,806

32,643

28,672

89,370

31,789

66,735

36,344

81,767

50,950

49,853

47,202

79,714

48,585

48,218

41,815

95,712

42,490

54,339

38,628

91,842

34,240

40,664

39,441

88,208

56,573

74,806

55,990

126,650

58,626

59,413

46,361

Purchases of concession rights

3,079

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Productive Assets

-

-

-

-

-

3,207

3,523

1,759

1,281

1,015

11,299

6,456

53,279

216,430

8,112

-3,038

586,690

2,785

6,350

1,191

938

1,036

4,937

4,466

2,422

24,655

7,893

6,286

3,300

2,386

46,852

1,101

6,094

-

-

-

-

Purchases of other operating assets

-

-

-

-

-

-

-

-

-

-

1,273

647

1,064

555

19

97

1,573

22,026

761

824

29

684

53

-97

272

9,641

362

477

3

-3,679

-432

8,463

1,367

1,555

9,405

1,718

2,116

Other investing activities, net

50

-15

-1,622

521

-597

511

1,784

122

-134

1,275

844

0

214

-28,251

102

15,876

14,371

24,745

1,236

1,036

0

430

1,649

-10

1,315

872

1,686

-80

665

389

350

2,168

1,257

-6,259

-153

4,069

-4,863

Net cash provided by (used for) investing activities

-35,944

-85,729

-57,626

-49,111

-27,576

-98,262

-47,067

-31,006

-27,257

-86,646

-22,607

-60,926

15,657

162,359

-42,959

-68,864

523,544

-123,700

-44,232

-48,887

-40,906

-95,437

-23,435

-49,766

-37,793

-77,700

-28,395

-34,775

-36,809

-87,253

-9,639

-84,336

-52,520

-133,250

-67,048

-55,022

-43,614

Cash flows from financing activities:
Draws on credit facilities

150,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,190

0

0

820

0

2,115

0

637

0

-2,298

3,369

992

0

0

0

0

Repayments of Lines of Credit

-

-

-

-

-

-

-

-

-

0

148

386

375

372

571

580

577

545

666

779

1,859

650

1,357

1,000

675

3,471

0

1,344

0

-

-

-

-

949

1,309

42

1,851

Proceeds from long-term debt

0

-197

3,240,000

197

2,235,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,717,643

0

0

2,200,000

-

-

-

-

Payments on long-term debt

5,070

5,076

3,510,847

59

2,200,054

150

166

161

155

144

256

185

163

358

860

599

517

15

14

14

13

13

12

12

11

1,148

690

351

4,437

2,693,485

1,039

3,372

2,890

6,856

7,365

3,359

2,519

Debt issuance costs

534

765

37,256

43

26,752

54

258

1,298

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net transfers from iHeartCommunications

0

0

0

-8,757

52,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

0

-

-

-

-152

29,986

0

75

39,927

-

-

-

-

Proceeds from (Repayments of) Related Party Debt

-

-

-

-

-

-

-

-

60,677

-

-122,541

-13,661

-29,448

-116,236

-79,834

-49,542

290,711

-

-

-

-61,485

-65,653

-74,196

42,301

28,744

-65,521

93,816

123,169

-1,507

5,850

10,998

9,488

46,791

114,667

57,440

75,065

25,090

Proceeds from (Payments to) Noncontrolling Interests

-

-

-

-

-

-

-

-

-97

-

-12,209

-644

826

4,129

-19,799

-458

-789

-58,958

-11

25,980

2,119

7,446

1,876

5,718

3,955

-

-

-

4,353

-

-

-

-

-

-

-

-

Payments of Dividends

-

-

-

-

-

18

36

714

29,910

50,166

603

382

281,673

389

914

18

754,217

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

2,170,396

-

-

-

-

Other financing activities, net

204

255

-1,629

-2,118

-10

-3

-7

-686

-16

3,538

-5,222

-755

-257

-86

-1,192

792

-1,079

-8,867

87

2,175

650

921

620

286

409

2,919

243

482

548

128

1,091

266

4,896

5,359

258

-1,778

-2,830

Net cash provided by financing activities

144,600

-5,783

17,464

147,988

60,340

21,511

-8,425

-2,899

30,499

-67,431

11,896

-12,888

-311,090

-107,256

-102,370

-50,405

-466,468

193,661

22,457

-75,208

58,144

-76,957

-103,451

-48,745

-32,156

-191,164

-101,483

-185,800

-5,946

-16,897

-16,234

-18,302

-54,116

-121,914

-64,296

-80,244

-32,290

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-8,691

4,922

-5,368

-427

586

-1,859

-3,632

-7,611

3,292

2,499

791

2,658

3,588

-4,276

-1,266

-3,440

3,652

-2,351

-6,957

1,961

-5,884

-4,723

-3,664

1,777

-2,414

1,299

2,518

1,419

-5,238

1,990

3,736

-5,600

3,357

278

-8,413

3,247

3,985

Net increase (decrease) in cash, cash equivalents and restricted cash

1,344

58,608

-31,337

201,265

-14,330

-11,762

-4,565

19,326

11,560

-64,567

82,271

-40,530

-341,555

-

-45,203

-50,114

76,898

240,049

43,055

-77,397

21,076

-17,549

-22,221

-44,253

-44,318

-104,048

19,888

-148,555

-14,719

27,072

43,579

-43,426

-7,901

-89,324

15,467

24,950

-32,456

Supplemental Disclosures:
Cash paid for interest and dividends on mandatorily-redeemable preferred stock

145,938

28,965

133,743

58,633

102,551

103,111

85,076

101,248

86,054

104,183

86,711

96,656

86,759

96,218

92,813

93,061

85,959

94,505

86,885

86,914

87,717

86,240

85,329

86,808

89,409

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net of refunds

8,257

592

3,008

7,534

14,064

5,612

3,246

10,841

9,303

3,976

6,090

6,488

17,193

5,385

10,602

9,566

14,632

14,373

10,191

9,574

9,643

16,041

10,411

5,377

11,446

-

-

-

-

-

-

-

-

-

-

-

-