Clear Channel Outdoor (CCO) Financials

$1.08 -0.04 (-3.15%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$1.08 +0.01 (+0.47%)

As of 05/23/2025 04:34 PM Eastern

Annual Income Statements for Clear Channel Outdoor

This table shows Clear Channel Outdoor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-179	-311	-97
Consolidated Net Income / (Loss)	-176	-309	-94
Net Income / (Loss) Continuing Operations	-124	-159	11
Total Pre-Tax Income	-133	-183	-79
Total Operating Income	279	217	256
Total Gross Profit	825	774	793
Total Revenue	1,505	1,434	1,382
Operating Revenue	1,505	1,434	1,382
Total Cost of Revenue	681	660	589
Operating Cost of Revenue	681	660	589
Total Operating Expenses	545	557	537
Selling, General & Admin Expense	380	365	350
Depreciation Expense	174	197	174
Other Operating Expenses / (Income)	-8.34	-4.49	-9.47
Impairment Charge	0.00	0.00	23
Total Other Income / (Expense), net	-412	-400	-335
Interest Expense	404	394	334
Other Income / (Expense), net	-8.38	-5.70	-0.78
Income Tax Expense	-9.37	-24	-90
Net Income / (Loss) Discontinued Operations	-52	-149	-105
Net Income / (Loss) Attributable to Noncontrolling Interest	3.38	2.11	2.22
Basic Earnings per Share	($0.37)	($0.65)	($0.20)
Weighted Average Basic Shares Outstanding	490.06M	483.72M	477.44M
Diluted Earnings per Share	($0.37)	($0.65)	($0.20)
Weighted Average Diluted Shares Outstanding	490.06M	483.72M	477.44M
Weighted Average Basic & Diluted Shares Outstanding	490.06M	483.72M	477.44M

This table shows Clear Channel Outdoor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-18	-33	-39	-90	25	-263	-37	-35	99	-40
Consolidated Net Income / (Loss)	-17	-32	-39	-89	26	-263	-37	-35	99	-39
Net Income / (Loss) Continuing Operations	45	-32	-48	-89	23	-51	-39	-93	185	-19
Total Pre-Tax Income	41	-35	-51	-88	11	-51	-40	-103	95	-40
Total Operating Income	118	72	57	32	104	70	52	-9.39	108	81
Total Gross Profit	52	274	277	221	69	255	265	185	14	262
Total Revenue	-94	559	559	482	-61	527	531	437	-291	503
Operating Revenue	-94	559	559	482	-61	527	531	437	-291	503
Total Cost of Revenue	-146	285	282	261	-130	271	266	253	-305	241
Operating Cost of Revenue	-146	285	282	261	-130	271	266	253	-305	241
Total Operating Expenses	-65	202	220	189	-35	186	212	194	-94	181
Selling, General & Admin Expense	-37	141	144	133	-31	122	148	126	-89	129
Depreciation Expense	8.24	58	54	54	10	58	65	64	2.87	50
Other Operating Expenses / (Income)	-18	3.68	4.62	1.44	-15	6.18	0.02	3.92	-7.79	1.86
Total Other Income / (Expense), net	-76	-108	-108	-121	-93	-121	-93	-94	-13	-121
Interest Expense	77	107	107	112	83	104	105	103	72	93
Other Income / (Expense), net	0.74	-0.68	-0.10	-8.35	-9.42	-17	12	8.78	59	-28
Income Tax Expense	-3.37	-3.80	-2.46	0.27	-12	-0.24	-1.28	-11	-90	-21
Net Income / (Loss) Discontinued Operations	-61	-0.01	9.68	-0.42	2.95	-212	2.23	57	-	-20
Net Income / (Loss) Attributable to Noncontrolling Interest	1.27	0.98	0.54	0.58	1.23	0.67	0.72	-0.51	0.75	0.98
Basic Earnings per Share	($0.03)	($0.07)	($0.08)	($0.19)	$0.05	($0.55)	($0.08)	($0.07)	$0.21	($0.08)
Weighted Average Basic Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M
Diluted Earnings per Share	($0.03)	($0.07)	($0.08)	($0.19)	$0.05	($0.55)	($0.08)	($0.07)	$0.21	($0.08)
Weighted Average Diluted Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M
Weighted Average Basic & Diluted Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M

This table details how cash moves in and out of Clear Channel Outdoor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-88	-38	-121
Net Cash From Operating Activities	80	31	140
Net Cash From Continuing Operating Activities	80	31	140
Net Income / (Loss) Continuing Operations	-176	-309	-94
Consolidated Net Income / (Loss)	-176	-309	-94
Depreciation Expense	240	258	293
Amortization Expense	12	12	11
Non-Cash Adjustments To Reconcile Net Income	61	108	38
Changes in Operating Assets and Liabilities, net	-57	-38	-108
Net Cash From Investing Activities	-156	-120	-222
Net Cash From Continuing Investing Activities	-156	-120	-222
Purchase of Property, Plant & Equipment	-142	-167	-185
Acquisitions	-27	-12	-62
Divestitures	14	60	27
Other Investing Activities, net	-0.62	-0.69	-2.12
Net Cash From Financing Activities	-8.18	46	-33
Net Cash From Continuing Financing Activities	-8.18	46	-33
Repayment of Debt	-1,656	-697	-21
Payment of Dividends	-3.99	-2.68	-0.40
Issuance of Debt	1,657	750	0.00
Other Financing Activities, net	-4.88	-4.78	-11
Other Net Changes in Cash	-4.10	4.54	-6.87
Cash Interest Paid	435	404	341
Cash Income Taxes Paid	16	10	4.96

This table details how cash moves in and out of Clear Channel Outdoor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-38	13	-4.97	-58	-64	81	-107	52	-39	13
Net Cash From Operating Activities	29	54	31	-35	33	53	-65	11	26	95
Net Cash From Continuing Operating Activities	29	54	31	-35	33	53	-65	11	26	95
Net Income / (Loss) Continuing Operations	-17	-32	-39	-89	26	-263	-37	-35	99	-39
Consolidated Net Income / (Loss)	-17	-32	-39	-89	26	-263	-37	-35	99	-39
Depreciation Expense	56	58	72	54	56	58	71	73	92	59
Amortization Expense	2.93	2.88	2.94	2.90	2.88	2.99	2.91	2.89	-	-
Non-Cash Adjustments To Reconcile Net Income	-166	76	72	78	21	220	-26	-107	-287	303
Changes in Operating Assets and Liabilities, net	153	-51	-78	-81	-73	35	-77	77	110	-228
Net Cash From Investing Activities	-64	-41	-23	-27	-97	-36	-36	49	-66	-70
Net Cash From Continuing Investing Activities	-64	-41	-23	-27	-97	-36	-36	49	-66	-70
Purchase of Property, Plant & Equipment	-57	-33	-26	-26	-54	-37	-37	-38	-60	-43
Acquisitions	-8.57	-9.25	-0.18	-8.64	-	-0.56	-5.91	-5.68	-9.99	-28
Divestitures	1.47	1.94	2.65	7.66	-43	2.16	7.44	94	6.30	0.36
Other Investing Activities, net	0.49	-0.61	-0.34	-0.15	0.28	-0.08	-0.56	-0.32	-2.25	0.26
Net Cash From Financing Activities	-0.63	-1.83	-11	5.28	-1.36	66	-10	-8.71	-5.57	-6.21
Net Cash From Continuing Financing Activities	-0.63	-1.83	-11	5.28	-1.36	66	-10	-8.71	-5.57	-6.21
Repayment of Debt	-0.48	-1.67	-2.61	-1,652	-1.17	-684	-6.34	-5.50	-5.25	-5.47
Payment of Dividends	-0.08	-0.06	-3.75	-0.10	-0.18	-0.06	-2.43	0.00	-0.09	-0.06
Other Financing Activities, net	-0.08	-0.10	-4.63	-0.07	-0.00	-0.08	-1.39	-3.31	-0.23	-0.68
Cash Interest Paid	137	79	91	127	121	81	130	72	124	56
Cash Income Taxes Paid	4.80	1.45	3.82	6.08	1.64	2.14	4.45	2.12	1.13	1.38

This table presents Clear Channel Outdoor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	4,804	4,722	5,086
Total Current Assets	1,659	957	1,121
Cash & Equivalents	110	172	282
Accounts Receivable	344	315	454
Prepaid Expenses	27	29	45
Other Current Assets	1,178	442	340
Plant, Property, & Equipment, net	480	490	672
Total Noncurrent Assets	2,665	3,275	3,293
Goodwill	508	508	651
Intangible Assets	832	896	974
Other Noncurrent Operating Assets	1,326	1,093	1,453
Other Noncurrent Nonoperating Assets	0.00	778	216
Total Liabilities & Shareholders' Equity	4,804	4,722	5,086
Total Liabilities	8,444	8,173	8,349
Total Current Liabilities	1,272	884	1,122
Short-Term Debt	0.35	0.40	21
Accounts Payable	39	45	73
Accrued Expenses	164	182	331
Dividends Payable	91	98	80
Current Deferred Revenue	70	41	48
Other Current Liabilities	133	115	212
Other Current Nonoperating Liabilities	775	403	356
Total Noncurrent Liabilities	7,172	7,289	7,227
Long-Term Debt	5,660	5,630	5,541
Noncurrent Deferred & Payable Income Tax Liabilities	222	231	236
Other Noncurrent Operating Liabilities	1,290	1,072	1,331
Other Noncurrent Nonoperating Liabilities	0.00	357	120
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3,640	-3,451	-3,263
Total Preferred & Common Equity	-3,651	-3,463	-3,276
Total Common Equity	-3,651	-3,463	-3,276
Common Stock	3,595	3,569	3,548
Retained Earnings	-6,960	-6,781	-6,470
Treasury Stock	-28	-24	-19
Accumulated Other Comprehensive Income / (Loss)	-258	-227	-335
Noncontrolling Interest	12	12	13

This table presents Clear Channel Outdoor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,645	4,544	4,559	4,649	4,840	4,949	4,987
Total Current Assets	906	854	819	870	892	969	971
Cash & Equivalents	201	189	193	313	233	340	327
Accounts Receivable	496	458	426	442	526	523	552
Prepaid Expenses	55	48	49	51	59	74	65
Other Current Assets	155	159	151	65	74	32	26
Plant, Property, & Equipment, net	639	628	647	640	710	770	756
Total Noncurrent Assets	3,100	3,063	3,093	3,139	3,238	3,210	3,260
Goodwill	662	653	653	649	654	652	674
Intangible Assets	853	873	893	924	946	960	986
Other Noncurrent Operating Assets	1,584	1,536	1,548	1,495	1,570	1,598	1,600
Total Liabilities & Shareholders' Equity	4,645	4,544	4,559	4,649	4,840	4,949	4,987
Total Liabilities	8,243	8,135	8,106	8,311	8,245	8,283	8,360
Total Current Liabilities	904	833	796	1,033	965	1,017	1,027
Short-Term Debt	0.57	0.60	0.62	0.56	29	27	21
Accounts Payable	57	65	63	55	77	86	77
Accrued Expenses	323	315	309	324	423	442	454
Dividends Payable	122	94	78	110	84	110	105
Current Deferred Revenue	103	79	68	73	88	95	91
Other Current Liabilities	226	216	211	470	230	257	280
Other Current Nonoperating Liabilities	74	63	65	-	34	-	-
Total Noncurrent Liabilities	7,338	7,302	7,310	7,278	7,280	7,266	7,332
Long-Term Debt	5,657	5,654	5,651	5,629	5,562	5,565	5,571
Noncurrent Deferred & Payable Income Tax Liabilities	220	226	231	242	245	249	320
Other Noncurrent Operating Liabilities	1,462	1,422	1,427	1,383	1,448	1,452	1,441
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3,598	-3,591	-3,546	-3,663	-3,405	-3,334	-3,373
Total Preferred & Common Equity	-3,609	-3,600	-3,559	-3,674	-3,416	-3,346	-3,385
Total Common Equity	-3,609	-3,600	-3,559	-3,674	-3,416	-3,346	-3,385
Common Stock	3,588	3,582	3,574	3,564	3,559	3,552	3,544
Retained Earnings	-6,942	-6,910	-6,871	-6,806	-6,542	-6,505	-6,569
Treasury Stock	-28	-28	-24	-24	-23	-22	-19
Accumulated Other Comprehensive Income / (Loss)	-227	-244	-239	-408	-409	-372	-342
Noncontrolling Interest	10	9.56	13	11	11	12	12

This table displays calculated financial ratios and metrics derived from Clear Channel Outdoor's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	4.95%	3.81%	-21.89%
EBITDA Growth	8.50%	-14.03%	26.97%
EBIT Growth	28.28%	-17.23%	346.32%
NOPAT Growth	28.77%	-15.26%	335.18%
Net Income Growth	43.05%	-227.18%	78.21%
EPS Growth	43.08%	-225.00%	78.49%
Operating Cash Flow Growth	155.15%	-77.67%	204.87%
Free Cash Flow Firm Growth	-217.22%	479.69%	-218.48%
Invested Capital Growth	33.11%	-11.49%	14.05%
Revenue Q/Q Growth	-32.54%	-21.91%	-28.89%
EBITDA Q/Q Growth	-1.68%	-13.38%	-2.54%
EBIT Q/Q Growth	-3.05%	-19.24%	-17.62%
NOPAT Q/Q Growth	-2.31%	-7.56%	-30.79%
Net Income Q/Q Growth	-31.97%	-31.20%	26.43%
EPS Q/Q Growth	-27.59%	-32.65%	25.93%
Operating Cash Flow Q/Q Growth	-4.22%	27.66%	3.88%
Free Cash Flow Firm Q/Q Growth	-265.51%	-4.54%	-150.34%
Invested Capital Q/Q Growth	35.21%	21.42%	18.05%
Profitability Metrics	-	-	-
Gross Margin	54.79%	53.96%	57.38%
EBITDA Margin	34.68%	33.55%	40.51%
Operating Margin	18.55%	15.12%	18.52%
EBIT Margin	17.99%	14.72%	18.46%
Profit (Net Income) Margin	-11.68%	-21.53%	-6.83%
Tax Burden Percent	132.11%	168.64%	119.50%
Interest Burden Percent	-49.16%	-86.74%	-30.97%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.04%	6.83%	8.10%
ROIC Less NNEP Spread (ROIC-NNEP)	1.82%	-1.43%	3.07%
Return on Net Nonoperating Assets (RNNOA)	-3.08%	2.37%	-5.17%
Return on Equity (ROE)	4.96%	9.20%	2.92%
Cash Return on Invested Capital (CROIC)	-20.37%	19.02%	-5.03%
Operating Return on Assets (OROA)	5.69%	4.30%	4.91%
Return on Assets (ROA)	-3.69%	-6.30%	-1.82%
Return on Common Equity (ROCE)	4.98%	9.23%	2.93%
Return on Equity Simple (ROE_SIMPLE)	4.82%	8.92%	2.88%
Net Operating Profit after Tax (NOPAT)	195	152	179
NOPAT Margin	12.98%	10.58%	12.96%
Net Nonoperating Expense Percent (NNEP)	6.21%	8.26%	5.03%
Return On Investment Capital (ROIC_SIMPLE)	9.67%	6.96%	7.79%
Cost of Revenue to Revenue	45.21%	46.04%	42.62%
SG&A Expenses to Revenue	25.23%	25.43%	25.33%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.24%	38.84%	38.86%
Earnings before Interest and Taxes (EBIT)	271	211	255
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	522	481	560
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.61	0.36
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.24	3.04	2.46
Enterprise Value to Revenue (EV/Rev)	4.14	4.43	4.19
Enterprise Value to EBITDA (EV/EBITDA)	11.94	13.20	10.35
Enterprise Value to EBIT (EV/EBIT)	23.01	30.08	22.71
Enterprise Value to NOPAT (EV/NOPAT)	31.89	41.84	32.34
Enterprise Value to Operating Cash Flow (EV/OCF)	78.15	203.17	41.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.03	0.00
Leverage & Solvency	-	-	-
Debt to Equity	-1.56	-1.63	-1.70
Long-Term Debt to Equity	-1.56	-1.63	-1.70
Financial Leverage	-1.69	-1.66	-1.69
Leverage Ratio	-1.34	-1.46	-1.61
Compound Leverage Factor	0.66	1.27	0.50
Debt to Total Capital	280.14%	258.32%	241.92%
Short-Term Debt to Total Capital	0.02%	0.02%	0.92%
Long-Term Debt to Total Capital	280.12%	258.31%	240.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.58%	0.56%	0.56%
Common Equity to Total Capital	-180.72%	-158.89%	-142.48%
Debt to EBITDA	10.84	11.70	9.94
Net Debt to EBITDA	10.63	11.35	9.43
Long-Term Debt to EBITDA	10.84	11.70	9.90
Debt to NOPAT	28.96	37.10	31.06
Net Debt to NOPAT	28.40	35.97	29.48
Long-Term Debt to NOPAT	28.96	37.10	30.94
Altman Z-Score	-1.38	-1.48	-1.31
Noncontrolling Interest Sharing Ratio	-0.34%	-0.37%	-0.37%
Liquidity Ratios	-	-	-
Current Ratio	1.30	1.08	1.00
Quick Ratio	0.36	0.55	0.66
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-495	423	-111
Operating Cash Flow to CapEx	56.00%	18.76%	75.80%
Free Cash Flow to Firm to Interest Expense	-1.23	1.07	-0.33
Operating Cash Flow to Interest Expense	0.20	0.08	0.42
Operating Cash Flow Less CapEx to Interest Expense	-0.16	-0.34	-0.13
Efficiency Ratios	-	-	-
Asset Turnover	0.32	0.29	0.27
Accounts Receivable Turnover	4.57	3.73	2.52
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	3.10	2.47	1.84
Accounts Payable Turnover	16.33	11.19	6.47
Days Sales Outstanding (DSO)	79.90	97.80	144.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.36	32.62	56.41
Cash Conversion Cycle (CCC)	57.54	65.18	88.47
Capital & Investment Metrics	-	-	-
Invested Capital	2,777	2,086	2,357
Invested Capital Turnover	0.62	0.65	0.62
Increase / (Decrease) in Invested Capital	691	-271	290
Enterprise Value (EV)	6,232	6,350	5,792
Market Capitalization	670	879	500
Book Value per Share	($7.47)	($7.17)	($6.88)
Tangible Book Value per Share	($10.21)	($10.08)	($10.29)
Total Capital	2,021	2,180	2,299
Total Debt	5,660	5,630	5,562
Total Long-Term Debt	5,660	5,630	5,541
Net Debt	5,551	5,459	5,280
Capital Expenditures (CapEx)	142	167	185
Debt-free, Cash-free Net Working Capital (DFCFNWC)	278	-98	-262
Debt-free Net Working Capital (DFNWC)	387	74	21
Net Working Capital (NWC)	387	74	-0.62
Net Nonoperating Expense (NNE)	371	461	273
Net Nonoperating Obligations (NNO)	6,417	5,537	5,620
Total Depreciation and Amortization (D&A)	251	270	305
Debt-free, Cash-free Net Working Capital to Revenue	18.45%	-6.81%	-18.94%
Debt-free Net Working Capital to Revenue	25.74%	5.17%	1.49%
Net Working Capital to Revenue	25.71%	5.14%	-0.05%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.37)	($0.65)	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	490.06M	483.72M	477.44M
Adjusted Diluted Earnings per Share	($0.37)	($0.65)	($0.20)
Adjusted Weighted Average Diluted Shares Outstanding	490.06M	483.72M	477.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	490.06M	483.72M	477.44M
Normalized Net Operating Profit after Tax (NOPAT)	195	152	195
Normalized NOPAT Margin	12.98%	10.58%	14.11%
Pre Tax Income Margin	-8.84%	-12.77%	-5.72%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.67	0.54	0.76
NOPAT to Interest Expense	0.48	0.39	0.54
EBIT Less CapEx to Interest Expense	0.32	0.11	0.21
NOPAT Less CapEx to Interest Expense	0.13	-0.04	-0.02
Payout Ratios	-	-	-
Dividend Payout Ratio	-2.27%	-0.87%	-0.42%
Augmented Payout Ratio	-2.27%	-0.87%	-0.42%

This table displays calculated financial ratios and metrics derived from Clear Channel Outdoor's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-54.59%	6.11%	5.22%	10.13%	79.08%	4.66%	-17.50%	-16.79%	-207.58%	-15.61%
EBITDA Growth	15.10%	16.61%	-5.17%	7.97%	-40.61%	1.68%	9.14%	48.13%	-9.07%	9.03%
EBIT Growth	24.94%	37.14%	-12.39%	4,067.99%	-43.32%	-0.86%	44.64%	93.69%	-24.60%	44.02%
NOPAT Growth	-39.63%	4.04%	8.20%	445.11%	0.79%	-13.83%	-26.07%	-159.86%	-5.91%	66.10%
Net Income Growth	-163.86%	87.99%	-5.62%	-151.49%	-73.85%	-577.72%	44.00%	60.52%	51.76%	4.92%
EPS Growth	-160.00%	87.27%	0.00%	-171.43%	-76.19%	-587.50%	42.86%	63.16%	50.00%	11.11%
Operating Cash Flow Growth	-10.71%	3.00%	147.24%	-419.20%	26.04%	-44.21%	-116.02%	-77.95%	25.15%	21.52%
Free Cash Flow Firm Growth	-216.96%	-187.11%	94.42%	89.06%	693.77%	1,644.27%	-58.53%	43.62%	-129.48%	-86.17%
Invested Capital Growth	33.11%	19.53%	0.17%	1.36%	-11.49%	-13.94%	0.90%	1.93%	14.05%	1.93%
Revenue Q/Q Growth	-116.83%	0.08%	15.94%	-23.79%	-111.55%	-0.76%	21.35%	28.04%	-157.78%	-21.77%
EBITDA Q/Q Growth	34.08%	0.44%	61.91%	-55.66%	35.84%	-18.32%	84.33%	-68.25%	132.57%	-12.32%
EBIT Q/Q Growth	65.34%	26.51%	135.54%	-81.07%	81.48%	-19.18%	10,768.32%	-100.42%	217.41%	17.91%
NOPAT Q/Q Growth	151.48%	27.48%	75.16%	-85.49%	333.40%	32.57%	658.69%	-101.98%	270.57%	13.73%
Net Income Q/Q Growth	47.38%	18.32%	56.63%	-442.59%	109.89%	-618.49%	-3.27%	-135.62%	356.42%	40.63%
EPS Q/Q Growth	57.14%	12.50%	57.89%	-480.00%	109.09%	-587.50%	-14.29%	-133.33%	362.50%	42.86%
Operating Cash Flow Q/Q Growth	-46.25%	76.53%	188.59%	-206.23%	-38.00%	180.96%	-698.59%	-58.05%	-72.55%	413.47%
Free Cash Flow Firm Q/Q Growth	-97.73%	-886.73%	835.84%	-101.18%	47.26%	1,655.94%	141.41%	-208.82%	-532.58%	-58.25%
Invested Capital Q/Q Growth	35.21%	1.10%	-1.17%	-1.93%	21.42%	-15.27%	0.00%	-13.97%	18.05%	-0.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	49.09%	49.58%	45.86%	0.00%	48.48%	49.85%	42.25%	0.00%	52.04%
EBITDA Margin	0.00%	23.63%	23.55%	16.86%	0.00%	21.51%	26.13%	17.20%	0.00%	22.14%
Operating Margin	0.00%	12.94%	10.16%	6.72%	0.00%	13.20%	9.88%	-2.15%	0.00%	16.03%
EBIT Margin	0.00%	12.82%	10.14%	4.99%	0.00%	9.92%	12.18%	-0.14%	0.00%	10.47%
Profit (Net Income) Margin	0.00%	-5.65%	-6.92%	-18.49%	0.00%	-49.89%	-6.89%	-8.10%	0.00%	-7.70%
Tax Burden Percent	-40.13%	89.29%	76.09%	100.78%	228.26%	512.06%	91.26%	34.35%	104.41%	97.15%
Interest Burden Percent	34.93%	-49.33%	-89.64%	-367.61%	12.01%	-98.24%	-62.00%	17,014.19%	56.93%	-75.74%
Effective Tax Rate	-8.15%	0.00%	0.00%	0.00%	-102.33%	0.00%	0.00%	0.00%	-94.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	10.72%	7.70%	5.01%	0.00%	9.13%	6.21%	-1.44%	0.00%	11.02%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	9.23%	6.29%	2.97%	0.00%	3.34%	4.85%	-1.98%	0.00%	9.23%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-14.02%	-9.94%	-4.73%	0.00%	-5.10%	-7.76%	3.19%	0.00%	-14.70%
Return on Equity (ROE)	0.00%	-3.30%	-2.23%	0.28%	0.00%	4.03%	-1.54%	1.75%	0.00%	-3.68%
Cash Return on Invested Capital (CROIC)	-20.37%	-7.18%	9.59%	8.20%	19.02%	23.83%	7.62%	7.29%	-5.03%	11.18%
Operating Return on Assets (OROA)	0.00%	6.16%	4.75%	2.28%	0.00%	3.78%	4.46%	-0.05%	0.00%	3.93%
Return on Assets (ROA)	0.00%	-2.71%	-3.24%	-8.45%	0.00%	-19.02%	-2.53%	-3.08%	0.00%	-2.89%
Return on Common Equity (ROCE)	0.00%	-3.31%	-2.24%	0.28%	0.00%	4.05%	-1.55%	1.75%	0.00%	-3.70%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.69%	10.13%	10.18%	0.00%	6.41%	0.33%	1.20%	0.00%	3.79%
Net Operating Profit after Tax (NOPAT)	127	51	40	23	211	49	37	-6.57	209	56
NOPAT Margin	0.00%	9.06%	7.11%	4.71%	0.00%	9.24%	6.92%	-1.50%	0.00%	11.22%
Net Nonoperating Expense Percent (NNEP)	2.41%	1.49%	1.42%	2.04%	3.31%	5.79%	1.36%	0.54%	2.02%	1.79%
Return On Investment Capital (ROIC_SIMPLE)	6.30%	-	-	-	9.68%	-	-	-	9.10%	-
Cost of Revenue to Revenue	0.00%	50.91%	50.42%	54.14%	0.00%	51.52%	50.15%	57.75%	0.00%	47.96%
SG&A Expenses to Revenue	0.00%	25.19%	25.71%	27.56%	0.00%	23.16%	27.81%	28.82%	0.00%	25.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	36.15%	39.42%	39.13%	0.00%	35.29%	39.97%	44.40%	0.00%	36.02%
Earnings before Interest and Taxes (EBIT)	118	72	57	24	95	52	65	-0.61	167	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	177	132	132	81	154	113	139	75	259	111
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.35	0.31	0.37	0.61	0.42	0.36	0.30	0.36	0.34
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.24	3.04	3.03	3.05	3.04	3.54	2.97	2.88	2.46	2.97
Enterprise Value to Revenue (EV/Rev)	4.14	2.80	2.80	2.89	4.43	3.32	3.33	3.03	4.19	3.05
Enterprise Value to EBITDA (EV/EBITDA)	11.94	11.77	12.04	12.07	13.20	10.97	10.84	10.66	10.35	10.32
Enterprise Value to EBIT (EV/EBIT)	23.01	22.37	23.71	23.40	30.08	23.30	23.03	24.13	22.71	19.15
Enterprise Value to NOPAT (EV/NOPAT)	31.89	31.24	31.12	32.14	41.84	37.09	35.06	31.56	32.34	22.91
Enterprise Value to Operating Cash Flow (EV/OCF)	78.15	75.06	75.48	0.00	203.17	248.76	90.86	57.55	41.38	44.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	31.68	37.43	15.03	13.76	39.18	39.84	0.00	26.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.56	-1.57	-1.57	-1.59	-1.63	-1.54	-1.64	-1.68	-1.70	-1.66
Long-Term Debt to Equity	-1.56	-1.57	-1.57	-1.59	-1.63	-1.54	-1.63	-1.67	-1.70	-1.65
Financial Leverage	-1.69	-1.52	-1.58	-1.59	-1.66	-1.53	-1.60	-1.61	-1.69	-1.59
Leverage Ratio	-1.34	-1.28	-1.34	-1.38	-1.46	-1.37	-1.47	-1.53	-1.61	-1.55
Compound Leverage Factor	-0.47	0.63	1.20	5.08	-0.18	1.35	0.91	-260.79	-0.92	1.18
Debt to Total Capital	280.14%	274.74%	273.95%	268.43%	258.32%	286.23%	255.81%	247.64%	241.92%	251.97%
Short-Term Debt to Total Capital	0.02%	0.03%	0.03%	0.03%	0.02%	0.03%	1.33%	1.20%	0.92%	0.95%
Long-Term Debt to Total Capital	280.12%	274.72%	273.92%	268.40%	258.31%	286.20%	254.48%	246.45%	240.99%	251.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.58%	0.51%	0.46%	0.61%	0.56%	0.57%	0.49%	0.55%	0.56%	0.55%
Common Equity to Total Capital	-180.72%	-175.25%	-174.42%	-169.04%	-158.89%	-186.80%	-156.29%	-148.19%	-142.48%	-152.52%
Debt to EBITDA	10.84	10.66	11.04	10.88	11.70	10.14	10.05	10.21	9.94	9.74
Net Debt to EBITDA	10.63	10.28	10.67	10.51	11.35	9.57	9.63	9.59	9.43	9.17
Long-Term Debt to EBITDA	10.84	10.65	11.04	10.88	11.70	10.13	9.99	10.16	9.90	9.70
Debt to NOPAT	28.96	28.28	28.55	28.98	37.10	34.29	32.51	30.24	31.06	21.61
Net Debt to NOPAT	28.40	27.28	27.59	27.98	35.97	32.38	31.15	28.40	29.48	20.34
Long-Term Debt to NOPAT	28.96	28.28	28.55	28.97	37.10	34.28	32.34	30.09	30.94	21.53
Altman Z-Score	-1.49	-1.50	-1.55	-1.55	-1.56	-1.60	-1.44	-1.42	-1.37	-1.39
Noncontrolling Interest Sharing Ratio	0.00%	-0.30%	-0.29%	-0.37%	0.00%	-0.33%	-0.33%	-0.35%	0.00%	-0.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.00	1.02	1.03	1.08	0.84	0.92	0.95	1.00	0.95
Quick Ratio	0.36	0.77	0.78	0.78	0.55	0.73	0.79	0.85	0.66	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-563	-285	36	-4.92	482	327	19	-45	-81	19
Operating Cash Flow to CapEx	51.26%	162.68%	120.38%	-132.87%	60.66%	141.22%	-177.89%	28.39%	43.15%	218.77%
Free Cash Flow to Firm to Interest Expense	-7.31	-2.66	0.34	-0.04	5.77	3.16	0.18	-0.44	-1.13	0.20
Operating Cash Flow to Interest Expense	0.38	0.51	0.29	-0.31	0.39	0.51	-0.62	0.11	0.36	1.02
Operating Cash Flow Less CapEx to Interest Expense	-0.36	0.20	0.05	-0.54	-0.25	0.15	-0.97	-0.27	-0.48	0.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.48	0.47	0.46	0.29	0.38	0.37	0.38	0.27	0.38
Accounts Receivable Turnover	4.57	4.76	4.47	4.58	3.73	3.70	3.27	3.64	2.52	3.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.10	3.49	3.29	3.06	2.47	2.63	2.44	3.99	1.84	4.12
Accounts Payable Turnover	16.33	20.10	15.78	14.70	11.19	13.32	10.17	9.97	6.47	9.86
Days Sales Outstanding (DSO)	79.90	76.66	81.61	79.76	97.80	98.70	111.77	100.26	144.88	102.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.36	18.16	23.13	24.83	32.62	27.40	35.91	36.62	56.41	37.01
Cash Conversion Cycle (CCC)	57.54	58.50	58.48	54.93	65.18	71.30	75.86	63.64	88.47	65.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,777	2,054	2,031	2,055	2,086	1,718	2,028	2,028	2,357	1,997
Invested Capital Turnover	0.62	1.18	1.08	1.06	0.65	0.99	0.90	0.96	0.62	0.98
Increase / (Decrease) in Invested Capital	691	336	3.50	28	-271	-278	18	38	290	38
Enterprise Value (EV)	6,232	6,249	6,164	6,269	6,350	6,090	6,030	5,837	5,792	5,929
Market Capitalization	670	782	689	797	879	763	661	573	500	652
Book Value per Share	($7.47)	($7.38)	($7.37)	($7.28)	($7.17)	($7.61)	($7.07)	($7.01)	($6.88)	($7.11)
Tangible Book Value per Share	($10.21)	($10.48)	($10.49)	($10.45)	($10.08)	($10.87)	($10.39)	($10.39)	($10.29)	($10.60)
Total Capital	2,021	2,059	2,064	2,106	2,180	1,967	2,186	2,258	2,299	2,219
Total Debt	5,660	5,657	5,655	5,652	5,630	5,629	5,591	5,592	5,562	5,592
Total Long-Term Debt	5,660	5,657	5,654	5,651	5,630	5,629	5,562	5,565	5,541	5,571
Net Debt	5,551	5,456	5,465	5,459	5,459	5,316	5,358	5,252	5,280	5,265
Capital Expenditures (CapEx)	57	33	26	26	54	37	37	38	60	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	278	-199	-168	-170	-98	-476	-277	-361	-262	-363
Debt-free Net Working Capital (DFNWC)	387	2.37	21	23	74	-162	-44	-21	21	-35
Net Working Capital (NWC)	387	1.80	21	23	74	-163	-73	-48	-0.62	-56
Net Nonoperating Expense (NNE)	144	82	78	112	185	311	73	29	110	95
Net Nonoperating Obligations (NNO)	6,417	5,652	5,622	5,602	5,537	5,381	5,433	5,362	5,620	5,369
Total Depreciation and Amortization (D&A)	59	60	75	57	59	61	74	76	92	59
Debt-free, Cash-free Net Working Capital to Revenue	18.45%	-8.91%	-7.64%	-7.83%	-6.81%	-25.91%	-15.28%	-18.76%	-18.94%	-18.66%
Debt-free Net Working Capital to Revenue	25.74%	0.11%	0.97%	1.07%	5.17%	-8.84%	-2.43%	-1.11%	1.49%	-1.81%
Net Working Capital to Revenue	25.71%	0.08%	0.94%	1.04%	5.14%	-8.87%	-4.04%	-2.51%	-0.05%	-2.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.07)	($0.08)	($0.19)	$0.05	($0.55)	($0.08)	($0.07)	$0.21	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M
Adjusted Diluted Earnings per Share	($0.03)	($0.07)	($0.08)	($0.19)	$0.05	($0.55)	($0.08)	($0.07)	$0.21	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	490.06M	489.08M	488.95M	488.71M	483.72M	483.01M	482.91M	482.84M	477.44M	476.06M
Normalized Net Operating Profit after Tax (NOPAT)	82	51	52	23	73	49	37	-6.57	76	57
Normalized NOPAT Margin	0.00%	9.06%	9.38%	4.71%	0.00%	9.24%	6.92%	-1.50%	0.00%	11.34%
Pre Tax Income Margin	0.00%	-6.32%	-9.09%	-18.35%	0.00%	-9.74%	-7.55%	-23.57%	0.00%	-7.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.54	0.67	0.53	0.21	1.14	0.50	0.62	-0.01	2.32	0.57
NOPAT to Interest Expense	1.65	0.47	0.37	0.20	2.53	0.47	0.35	-0.06	2.90	0.61
EBIT Less CapEx to Interest Expense	0.80	0.36	0.29	-0.02	0.49	0.14	0.27	-0.38	1.49	0.10
NOPAT Less CapEx to Interest Expense	0.91	0.16	0.13	-0.03	1.88	0.11	0.00	-0.44	2.07	0.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.27%	0.00%	0.00%	0.00%	-0.87%	0.00%	0.00%	0.00%	-0.42%	0.00%
Augmented Payout Ratio	-2.27%	0.00%	0.00%	0.00%	-0.87%	0.00%	0.00%	0.00%	-0.42%	0.00%

Frequently Asked Questions About Clear Channel Outdoor's Financials

When does Clear Channel Outdoor's financial year end?

According to the most recent income statement we have on file, Clear Channel Outdoor's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Clear Channel Outdoor's net income changed over the last 2 years?

Clear Channel Outdoor's net income appears to be on an upward trend, with a most recent value of -$175.88 million in 2024, rising from -$94.39 million in 2022. The previous period was -$308.82 million in 2023. See where experts think Clear Channel Outdoor is headed by visiting Clear Channel Outdoor's forecast page.

What is Clear Channel Outdoor's operating income?

Clear Channel Outdoor's total operating income in 2024 was $279.18 million, based on the following breakdown:

Total Gross Profit: $824.65 million
Total Operating Expenses: $545.47 million

How has Clear Channel Outdoor revenue changed over the last 2 years?

Over the last 2 years, Clear Channel Outdoor's total revenue changed from $1.38 billion in 2022 to $1.51 billion in 2024, a change of 9.0%.

How much debt does Clear Channel Outdoor have?

Clear Channel Outdoor's total liabilities were at $8.44 billion at the end of 2024, a 3.3% increase from 2023, and a 1.1% increase since 2022.

How much cash does Clear Channel Outdoor have?

In the past 2 years, Clear Channel Outdoor's cash and equivalents has ranged from $109.71 million in 2024 to $282.23 million in 2022, and is currently $109.71 million as of their latest financial filing in 2024.

How has Clear Channel Outdoor's book value per share changed over the last 2 years?

Over the last 2 years, Clear Channel Outdoor's book value per share changed from -6.88 in 2022 to -7.47 in 2024, a change of 8.5%.

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This page (NYSE:CCO) was last updated on 5/24/2025 by MarketBeat.com Staff

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Clear Channel Outdoor (CCO) Financials

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Clear Channel Outdoor (CCO) Financials

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