CLEAR CHANNEL OUTDOOR HOLDINGS, INC. CCO Income Statement

Clear channel outdoor holdings, inc. (CCO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
550,809	745,232	653,447	698,015	587,116	747,588	663,739	711,980	598,398	727,227	644,430	672,319	544,726	713,501	669,221	708,086	589,014	772,065	696,277	722,819	615,043	802,009	742,794	781,205	635,251	806,096	723,013	766,871	650,210	803,194	731,141	761,326	651,283	816,002	748,450	789,208	650,214	695,086	701,407
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)
350,269	383,165	358,156	363,029	347,827	374,762	361,681	372,936	361,289	371,142	357,946	352,748	327,931	352,081	362,250	362,001	341,987	377,806	372,716	372,342	362,971	401,397	400,834	413,144	381,513	412,885	396,094	399,558	386,191	413,486	390,639	405,314	394,053	415,891	408,132	415,472	391,380	380,619	385,884
Selling, general and administrative expenses (excludes depreciation and amortization)
123,704	134,079	129,162	134,721	122,966	141,424	128,797	125,289	127,408	129,002	128,539	125,898	115,774	126,889	126,164	135,567	126,801	135,610	132,559	132,522	127,130	135,686	139,613	140,271	132,949	139,554	131,437	133,020	139,561	153,179	136,582	131,752	153,149	140,000	131,915	142,937	123,180	115,224	130,692
Other General and Administrative Expense
36,338	39,285	37,535	38,907	28,614	40,998	37,729	37,928	35,435	38,465	35,333	35,340	34,540	31,436	28,103	29,673	28,224	29,269	28,347	30,154	28,753	33,316	33,548	33,333	30,697	32,964	29,719	33,892	27,824	32,750	28,820	29,952	24,310	33,647	22,303	23,038	21,983	26,197	23,757
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	108,359	100,416	98,726	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	103,833	105,299
Impairment charges
123,137	-	5,300	-	0	-	7,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	0	-	-	-	0	-	-	-	-	1,591	-	-	-	7,274	-	-	-	21,631	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expense, net
-6,021	2,794	620	1,270	-3,522	798	825	929	-54	-2,266	-11,783	7,829	32,611	128,203	1,095	-59,384	284,774	-5,068	5,029	659	-5,444	-265	4,623	247	2,654	10,575	6,604	3,697	2,103	1,797	42,397	2,746	4,003	-548	37	4,300	4,802	-27,672	1,720
Operating income (loss)
-164,413	113,649	47,688	82,454	9,111	116,482	51,180	93,989	-9,848	94,673	28,142	87,872	21,598	245,323	60,745	34,487	291,381	128,889	53,013	95,055	-3,349	119,456	73,006	95,978	-5,996	111,185	74,023	106,532	-1,590	61,018	117,145	97,386	-8,563	109,131	71,203	106,461	16,143	41,541	57,495
Interest expense, net
90,142	89,908	106,776	107,971	114,863	96,724	96,795	96,777	97,264	96,971	95,467	94,630	92,633	93,193	93,313	94,650	93,873	89,857	88,088	88,556	89,416	88,096	87,695	88,212	89,262	88,658	87,969	88,063	88,093	100,480	102,612	102,953	67,831	58,840	61,809	60,803	60,983	60,276	60,395
Interest income (expense) on Due from/to iHeartCommunications, net
-	-	-	-	-	-180	-	-	-	21,594	17,087	15,383	14,807	13,876	12,429	11,291	12,713	15,507	15,630	15,049	15,253	15,174	15,105	15,227	14,673	14,854	14,940	12,496	11,920	14,779	16,913	16,089	15,980	13,673	12,215	10,518	9,053	4,800	3,806
Interest Income Related Party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intercompany interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Due from iHeartCommunications
-	0	0	-5,778	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-	-	-	0	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-	-	-	-	-	520	-	-	188	-	-628	271	-472	-315	-727	-232	-415	352	-812	-351	522	13	4,185	327	-736	-1,131	-645	169	-485	813	-234	-157	421	4,389	1,038	673	-71	-663	4
Loss on extinguishment of debt
0	0	-96,271	0	-5,474	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
-18,889	21,258	-26,874	-9,203	-565	-13,267	-5,885	-35,402	19,453	5,961	9,164	8,773	3,867	-23,953	-6,524	-33,871	-5,803	-5,085	-17,742	15,276	19,938	-887	2,191	11,983	1,898	788	1,445	-310	-907	-64	1,825	-1,631	-494	-1,624	-1,859	-277	3,111	1,545	-4,155
Consolidated net loss before income taxes
-273,444	44,999	-182,233	-40,498	-111,791	6,831	-51,500	-38,190	-87,471	-829,562	-41,702	17,669	-52,833	141,738	-27,390	-82,975	204,003	49,806	-37,999	36,473	-57,052	45,660	6,792	35,303	-79,423	37,038	1,776	30,824	-79,155	-247,583	33,037	8,734	-60,487	61,902	20,788	56,572	-32,747	-13,053	-3,245
Income tax expense
15,779	13,448	30,136	-29,093	57,763	-24,501	6,896	4,753	45,367	-293,118	16,347	18,390	-21,837	39,920	-3,619	-21,719	62,917	69,652	-22,797	27,187	-24,099	-6,285	5,372	-24,820	16,946	17,935	-10,214	12,094	-5,006	-108,089	8,212	8,082	-15,294	32,289	11,002	22,360	-22,355	18,829	-741
Consolidated net loss
-289,223	31,551	-212,369	-11,405	-169,554	31,332	-58,396	-42,943	-132,838	-536,444	-58,049	-721	-30,996	101,818	-23,771	-61,256	141,086	-19,846	-15,202	9,286	-32,953	51,945	1,420	60,123	-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	-31,882	-2,504
Less amount attributable to noncontrolling interest
-11,732	4,451	2,929	-466	-5,387	5,679	6,692	7,440	-4,416	7,343	6,159	6,631	-1,995	6,645	7,329	7,857	976	8,809	7,379	7,876	565	8,639	8,483	9,086	501	6,411	7,772	9,822	129	8,916	7,541	8,768	-1,323	7,034	6,573	7,517	-851	3,012	6,623
Net loss attributable to the Company
-277,491	27,100	-215,298	-10,939	-164,167	25,653	-65,088	-50,383	-128,422	-543,787	-64,208	-7,352	-29,001	95,173	-31,100	-69,113	140,110	-28,655	-22,581	1,410	-33,518	43,306	-7,063	51,037	-96,870	12,692	4,218	8,908	-74,278	-148,410	17,284	-8,116	-43,870	22,579	3,213	26,695	-9,541	-34,894	-9,127
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments
-16,421	2,658	-10,181	172	2,549	3,593	-7,089	-18,620	6,782	653	12,348	20,687	9,653	-20,227	7,214	9,106	27,264	-12,879	-21,316	2,900	-81,487	-44,109	-62,433	-12,025	-4,537	1,199	34,283	-21,111	-24,025	21,737	18,580	-38,343	33,511	-7,568	-88,618	28,366	38,019	106,902	-67,087
Foreign currency reclassification adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86	1,949	-89	-2,565	1,365
Unrealized holding loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-320	159	-57	-	-290	-309	-36	13	-149	-133	822	-278	-74	-405	1,084	958	13	241	-25	-1,496	-1,087	-279	289	-2,383	-4,979	59	2,469	-394	-2,328
Other Comprehensive Income, Other, Net of Tax
-	-	208	2,592	-	-	0	0	-	-	-	-	-	-	193	-3,745	-	-9,112	0	0	-1,154	-11,438	0	0	0	9,162	-1,432	0	-998	1,669	-688	91	63	-	-	-	-	-	-
Reclassification adjustments
-	-	0	-	-	-	-1,425	-	-	-878	-6,207	0	1,644	-13,906	0	-32,824	0	-808	0	0	0	-8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in subsidiary comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-16,421	-1,800	-9,973	2,764	2,549	3,632	-5,664	-18,620	6,782	8,055	18,235	20,846	7,952	-14,524	7,117	37,876	27,228	-21,170	-21,465	2,767	-81,819	-55,817	-62,507	-12,430	-3,453	9,887	32,864	-20,870	-25,048	23,955	16,805	-38,531	33,863	-4,390	-93,511	26,476	40,577	-	-
Comprehensive loss
-293,912	25,300	-225,271	-8,175	-161,618	29,285	-70,752	-69,003	-121,640	-535,732	-45,973	13,494	-21,049	80,649	-23,983	-31,237	167,338	-49,825	-44,046	4,177	-115,337	-12,511	-69,570	38,607	-100,323	22,579	37,082	-11,962	-99,326	-124,455	34,089	-46,647	-10,007	18,189	-90,298	53,171	31,036	74,179	-79,907
Less amount attributable to noncontrolling interest
-2,251	3,583	-5,543	-3,021	3,584	-196	-5,161	-7,919	5,236	3,072	2,548	5,852	-2,523	-7,054	575	-3,978	2,419	-1,001	-7,123	-5,060	2,299	-464	-2,511	-554	-2,897	-1,405	6,041	-6,737	-93	2,254	1,184	-1,546	-189	4,052	-1,268	3,832	2,302	7,042	-3,891
Comprehensive loss attributable to the Company
-291,661	21,717	-219,728	-5,154	-165,202	29,481	-65,591	-61,084	-126,876	-538,804	-48,521	7,642	-18,526	87,703	-24,558	-27,259	164,919	-48,824	-36,923	9,237	-117,636	-12,047	-67,059	39,161	-97,426	23,984	31,041	-5,225	-99,233	-126,709	32,905	-45,101	-9,818	14,137	-89,030	49,339	28,734	67,137	-76,016
Net loss attributable to the Company per share of common stock
Earnings Per Share, Basic
-0.60	0.06	-0.46	-0.03	-0.45	0.07	-0.18	-0.14	-0.36	-1.50	-0.18	-0.02	-0.08	0.26	-0.09	-0.19	0.39	-0.08	-0.06	0.00	-0.09	0.12	-0.02	0.14	-0.27	0.05	0.01	0.02	-0.22	-0.43	0.05	-0.02	-0.14	0.06	0.01	0.07	-0.03	-0.10	-0.03
Weighted Average Number of Shares Outstanding, Basic
-	-	463,049	362,409	-	361,922	361,815	361,708	361,515	361,377	361,302	361,131	360,754	360,574	360,454	360,233	359,915	1,077,624	359,689	359	359	716,795	358,653	358,453	358	1,429,575	357	357	357	1,070,582	357	356	356,363	356,012	355,940	355,883	355,793	355,585	355,542
Diluted (in dollars per share)
-	0.06	-0.46	-0.03	-	0.07	-0.18	-0.14	-0.36	-1.50	-0.18	-0.02	-0.08	0.26	-0.09	-0.19	0.39	-0.08	-0.06	0.00	-0.09	0.12	-0.02	0.14	-0.27	0.05	0.01	0.02	-0.22	-0.43	0.05	-0.02	-0.14	0.06	0.01	0.07	-0.03	-0.10	-0.03
Weighted Average Number of Shares Outstanding, Diluted
-	-	463,049	362,409	-	361,922	361,815	361,708	361,515	361,377	361,302	361,131	360,754	364,857	360,454	360,233	360,904	1,077,622	359,689	361	359	715,416	358,653	359,832	358	1,429,572	359	358	357	1,070,582	357	356	356,363	357,233	356,428	356,658	355,793	355,585	355,542
Dividends declared per share of common stock (in dollars per share)
-	-	0.00	0.00	-	-	0.00	0.00	0.08	-	0.07	0.00	0.78	-	0.00	0.00	1.49	-	0.00	0.00	0.00	-	0.49	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	6.08	-	0.00	0.00	-	-	-
Dividends paid per share (in dollars per share)
-	-	-	-	-	-	-	-	0.08	-	0.07	0.00	0.78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-