CCO · As filed with the SEC
Clear Channel Outdoor Holdings cash flow statement, by fiscal year
The statement as Clear Channel Outdoor Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Consolidated net income (loss) | 24,739 | (175,878) | (308,816) | (94,388) | (433,120) | (600,226) | (361,777) | (202,845) |
| Reconciling items: | ||||||||
| Non-cash operating lease expense, net of interest | 207,105 | 270,492 | 299,339 | 334,827 | 361,672 | 347,593 | — | — |
| Depreciation and amortization | — | — | — | — | — | 269,421 | 309,324 | 318,952 |
| Impairment charges | — | — | — | — | — | 150,400 | 5,300 | 7,772 |
| (Gain) loss on extinguishment of debt | — | — | (3,817) | 0 | 102,757 | 5,389 | 101,745 | — |
| Loss on Due from iHeartCommunications | — | — | — | — | — | 0 | 5,778 | — |
| Deferred taxes | — | — | — | (81,840) | (31,582) | (80,336) | 24,067 | 14,395 |
| Depreciation, amortization and impairment | 174,952 | 239,572 | 258,344 | 293,355 | 372,105 | — | — | — |
| Loss (gain) on classification as held for sale and disposition of businesses and operating assets, net | (134,951) | 28,606 | 100,043 | — | — | — | — | — |
| Share-based compensation | 25,643 | 26,214 | 20,488 | 21,148 | 19,398 | 13,235 | 15,770 | 8,517 |
| Amortization of deferred financing charges and note discounts | 10,128 | 11,640 | 11,666 | 11,236 | 11,538 | 11,842 | 10,300 | 10,730 |
| Credit loss expense (reversal) | — | — | — | 6,479 | (2,727) | 19,390 | 6,223 | 7,387 |
| Gain on disposal of operating and other assets, net | — | — | — | (12,035) | (1,722) | (65,401) | (1,873) | (3,364) |
| Loss on Due from iHeartCommunications | — | — | — | — | — | — | — | 0 |
| Equity in (earnings) loss of nonconsolidated affiliates | — | — | — | — | — | — | — | (904) |
| Foreign exchange transaction loss (gain) | 3,999 | (6,592) | (12,372) | 39,141 | — | (502) | 2,248 | 33,580 |
| Credit loss expense | 3,217 | 2,876 | 4,096 | — | — | — | — | — |
| Deferred income taxes | 710 | (11,496) | (12,243) | — | — | — | — | — |
| Loss on extinguishment and modification of debt, net | 20,356 | 16,768 | — | — | — | — | — | — |
| Other reconciling items, net | 1,213 | 2,664 | 2,305 | (2,143) | 5,370 | (3,134) | (5,178) | (1,556) |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | ||||||||
| Decrease (increase) in accounts receivable | 4,383 | (23,890) | (35,757) | (20,532) | (177,069) | 109,014 | (12,555) | (74,598) |
| Decrease (increase) in prepaid expenses and other operating assets | (5,841) | 9,231 | (17,986) | (15,294) | (8,839) | 8,377 | (36,540) | 2,077 |
| Increase in other current assets | — | — | — | — | — | (6,283) | — | — |
| Decrease (increase) in other operating assets | — | — | — | — | — | 2,022 | — | — |
| Increase in accounts payable and accrued expenses | — | — | — | 638 | 94,689 | 9,967 | (13,519) | 29,247 |
| Increase (decrease) in accounts payable and accrued expenses | (20,441) | (31,416) | 6,819 | — | — | (7,021) | 26,060 | 25,394 |
| Decrease in operating lease liabilities | — | — | — | — | — | (334,017) | — | — |
| Decrease in operating lease liabilities (cash payments, net of interest) | (207,736) | (280,025) | (306,970) | (349,204) | (389,335) | — | — | — |
| Increase (decrease) in accrued interest | 8,150 | (6,726) | 17,896 | 14,005 | (48,032) | 28,236 | 88,551 | 1,385 |
| Increase in deferred revenue | 9,688 | 13,249 | 5,449 | (2,780) | 1,162 | 4,956 | 2,956 | 41,347 |
| Changes in other operating assets and liabilities, net | — | — | — | — | — | — | 47,646 | (30,241) |
| Decrease in other operating liabilities | (10,454) | (5,543) | 2,770 | (2,621) | (9,760) | (20,730) | — | — |
| Net cash provided by operating activities | 114,860 | 79,746 | 31,254 | 139,992 | (133,495) | (137,808) | 214,526 | 187,275 |
| Cash flows from investing activities: | ||||||||
| Capital expenditures | (82,879) | (142,395) | (166,594) | (184,679) | (148,006) | (120,370) | (221,152) | (211,079) |
| Purchase of concession rights | — | — | — | — | — | (3,792) | (11,312) | — |
| Asset acquisitions | — | — | (12,140) | (61,984) | (18,523) | — | — | — |
| Net proceeds from disposal of assets | — | — | — | 27,082 | 13,208 | 218,874 | 10,709 | 9,770 |
| Purchases of other operating assets | — | — | — | — | — | — | — | (1,833) |
| Payments for acquisition of businesses and/or assets, net of cash acquired | (563) | (26,638) | — | — | — | — | — | — |
| Proceeds from sales of businesses and/or assets, net of direct costs to sell and cash sold | 607,807 | 13,712 | 59,848 | — | — | — | — | — |
| Other investing activities, net | (1,106) | (618) | (687) | (2,115) | 618 | (191) | 1,713 | (450) |
| Net cash provided by (used for) investing activities | 523,259 | (155,939) | (119,573) | (221,696) | (152,703) | 94,521 | (220,042) | (203,592) |
| Cash flows from financing activities: | ||||||||
| Draws on credit facilities | — | — | — | 0 | 0 | 150,000 | — | — |
| Payments on credit facilities | — | — | 0 | 0 | (130,000) | (20,000) | 0 | 0 |
| Proceeds from long-term debt | 2,050,000 | 1,657,000 | 750,000 | 0 | 2,085,570 | 375,000 | 5,475,000 | 0 |
| Payments on long-term debt | (2,610,918) | (1,635,562) | (683,544) | (21,377) | (2,011,042) | (74,971) | (5,716,036) | (632) |
| Net transfers from (to) iHeartCommunications | — | — | — | — | — | — | — | 78,823 |
| Dividends and other payments to noncontrolling interests | — | — | — | — | — | — | — | (4,505) |
| Debt issuance and modification costs | (27,944) | (20,744) | (13,359) | 0 | (24,438) | (10,476) | (64,816) | — |
| Proceeds from issuance of common stock | — | — | — | — | 0 | 0 | 333,419 | — |
| Proceeds from issuance of mandatorily-redeemable preferred stock | — | — | — | — | 0 | 0 | 43,798 | — |
| Net transfers from iHeartCommunications | — | — | — | — | 0 | 0 | 43,399 | — |
| Proceeds from settlement of Due from iHeartCommunications | — | — | — | — | — | — | 115,798 | — |
| Proceeds from settlement of Due from iHeartCommunications | — | — | — | — | 0 | 0 | — | — |
| Taxes paid related to net share settlement of equity awards | (4,525) | (4,878) | (4,782) | (10,945) | — | — | — | — |
| Other financing activities, net | — | — | (2,677) | (396) | (5,327) | (425) | (3,502) | (2,322) |
| Payments to noncontrolling interests, net | (4,908) | (3,992) | — | — | — | (444) | (6,311) | — |
| Dividends paid | — | — | — | — | — | (405) | (740) | (30,678) |
| Net cash provided by (used for) financing activities | (598,295) | (8,176) | 45,638 | (32,718) | (85,237) | 418,279 | 220,009 | 40,686 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4,764 | (4,100) | 4,540 | (6,867) | (3,655) | 2,994 | (287) | (9,810) |
| Net decrease in cash, cash equivalents and restricted cash | — | — | — | — | — | — | — | 14,559 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 44,588 | (88,469) | (38,141) | (121,289) | (375,090) | 377,986 | 214,206 | — |
| Cash, cash equivalents and restricted cash at beginning of year | 172,072 | 260,541 | 298,682 | 419,971 | 795,061 | 417,075 | 202,869 | 188,310 |
| Cash, cash equivalents and restricted cash at end of year | 216,660 | 172,072 | 260,541 | 298,682 | 419,971 | 795,061 | 417,075 | 202,869 |
| Supplemental Disclosures: | ||||||||
| Cash paid for interest | 394,429 | 434,520 | 404,398 | 341,444 | 387,582 | 323,804 | 323,892 | 375,489 |
| Cash paid for income taxes, net of refunds | 7,391 | 16,150 | 10,346 | 4,956 | 4,770 | 35,234 | 25,198 | 29,002 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.