Clear Channel Outdoor Holdings, Inc. (CCO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 3.23M | 56.31M | 56.22M | -12.6M | 14.93M | 29.27M | 54.45M | 30.85M | -34.82M | 32.78M | 52.86M | -65.29M | 10.91M | 26M | 94.75M | -30.23M | 49.47M | 20.78M | 77.97M | -107.9M |
| Operating CF Margin % | 0.86% | 12.2% | 13.86% | -3.13% | 4.47% | 6.86% | 14.51% | 8.19% | -7.23% | 5.19% | 10.04% | -12.3% | 2.49% | 3.67% | 18.82% | -4.7% | 9.41% | 2.8% | 13.07% | -20.32% |
| Operating CF Growth % | -78.37% | 92.41% | 3.25% | -140.84% | 142.87% | -10.71% | 3% | 147.24% | -419.2% | 26.04% | -44.21% | -116.02% | -77.95% | 25.15% | 21.52% | 71.99% | 139.78% | 192.87% | 185.67% | -245.42% |
| Net Income | -50.05M | 9.73M | -58.85M | 10.65M | 63.21M | -16.61M | -31.56M | -38.63M | -89.08M | 26M | -262.82M | -36.58M | -35.42M | 99.44M | -38.78M | -65.32M | -89.73M | 65.53M | -40.83M | -124.58M |
| Depreciation & Amortization | 41.52M | 44.74M | 43.87M | 43.34M | 43M | 55.74M | 57.58M | 71.96M | 54.29M | 56.2M | 58.05M | 71.14M | 72.96M | 114.53M | 58.72M | 82.38M | 60.41M | 182.09M | 65.6M | 62.57M |
| Stock-Based Compensation | 0 | 6.49M | 6.39M | 7.33M | 5.44M | 6.53M | 6.84M | 7.55M | 5.3M | 5.13M | 5.06M | 6.18M | 4.12M | 4.27M | 5.29M | 6.88M | 4.71M | 0 | 5.87M | 4.51M |
| Deferred Taxes | -10.63M | 6.59M | -15.42M | 5.83M | 3.7M | 606K | -6.31M | -5.86M | 66K | -10.54M | -3.12M | -4M | 5.41M | -77.16M | -22.4M | 19.47M | -1.75M | -1.3M | 0 | 0 |
| Other Non-Cash Items | 57.52M | 57.81M | 97.33M | 21.45M | -65.52M | 110.48M | 72.36M | 67.65M | 75.97M | 79.4M | 288.73M | 52.34M | -14.84M | 46.66M | 116.22M | 110.73M | 81.21M | -17.57M | 169.47M | 141.73M |
| Working Capital Changes | -35.14M | -69.05M | -17.1M | -101.2M | -34.91M | -127.49M | -44.46M | -71.81M | -81.36M | -123.41M | -33.03M | -154.37M | -21.33M | -161.73M | -24.3M | -184.37M | -5.39M | -207.97M | -122.14M | -192.13M |
| Change in Receivables | 37.3M | -30.71M | 2.96M | -65.88M | 98.01M | -70.22M | 3.71M | -47.59M | 90.21M | -82.45M | -13.99M | -49.85M | 110.53M | -72.25M | 6.19M | -64.43M | 109.95M | -118.02M | -58.47M | -115.58M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -101.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 27.24M | 4.22M | 200K | -52.1M | 42.67M | -8.2M | 9.03M | -74.92M | 25.17M | 42.25M | 3.3M | -63.9M | 35.16M | 24.53M | -5.29M | -53.77M | 66.18M | 0 | 0 |
| Cash from Investing | -17.3M | -21.72M | -12.31M | -34.58M | 591.87M | -63.71M | -41.4M | -23.5M | -27.33M | -97.02M | -35.91M | -35.74M | 49.1M | -66.2M | -70.44M | -66.24M | -18.81M | -73.26M | -32.33M | -29.47M |
| Capital Expenditures | -17.21M | -25.98M | -14.82M | -16.55M | -25.53M | -57.09M | -33.47M | -25.62M | -26.2M | -54.03M | -37.43M | -36.7M | -38.43M | -60.26M | -43.31M | -45.3M | -35.81M | -65.57M | -34.45M | -31.85M |
| CapEx % of Revenue | 4.6% | 5.63% | 3.65% | 4.11% | 7.64% | 13.38% | 8.92% | 6.81% | 5.44% | 8.55% | 7.11% | 6.91% | 8.78% | 8.5% | 8.6% | 7.04% | 6.81% | 8.83% | 5.78% | 6% |
| Acquisitions | 0 | 13.78M | 3.69M | -18.03M | 0 | -7.1M | -7.32M | 2.65M | 7.66M | 0 | -9.98M | 7.44M | 93.52M | 58.29M | 0 | 1.07M | 19.36M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -85K | -9.51M | -1.18M | 0 | 617.39M | 485K | -611K | -520K | -8.79M | -42.99M | 11.51M | -6.47M | -6M | -64.23M | -27.13M | -22.01M | -2.36M | -7.7M | 2.12M | 2.38M |
| Cash from Financing | -325K | -980K | -12.03M | -208.58M | -376.7M | -634K | -1.83M | -10.99M | 5.28M | -1.36M | 65.96M | -10.26M | -8.71M | -5.57M | -6.21M | -15.19M | -5.75M | -135.53M | -7.34M | 58.55M |
| Debt Issued (Net) | -71K | 560.85M | 13.82M | -199.54M | -375.13M | -198K | -94K | -106K | 21.84M | -267K | 77.53M | -5.3M | -5.5M | -5.25M | -5.47M | -5.12M | -5.54M | -135.14M | -5.63M | 74.31M |
| Equity Issued (Net) | 0 | 984K | 0 | 0 | -984K | -78K | -103K | 0 | 0 | 0 | 0 | -1.39M | 0 | -225K | 0 | 0 | 0 | 0 | -1.49M | -3.09M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 984K | 0 | 0 | -984K | -78K | -103K | 0 | 0 | 0 | 0 | -1.39M | 0 | -225K | 0 | 0 | 0 | 0 | -1.49M | -3.09M |
| Other Financing | -254K | -562.82M | -25.85M | -9.04M | -582K | -358K | -1.63M | -10.88M | -16.56M | -1.09M | -11.56M | -3.56M | -3.21M | -94K | -739K | -10.07M | -211K | -392K | -225K | -12.67M |
| Net Change in Cash | -7.2M | 34.86M | 32.15M | -254.85M | 233.6M | -38.43M | 12.56M | -4.97M | -57.63M | -64.11M | 80.92M | -107.33M | 52.38M | -39.45M | 13.3M | -117.77M | 22.63M | -188.86M | 35.54M | -77.98M |
| Free Cash Flow | -13.98M | 30.33M | 41.41M | -29.15M | -10.6M | -27.83M | 20.98M | 5.22M | -61.02M | -21.25M | 15.43M | -102M | -27.52M | -34.26M | 51.44M | -75.53M | 13.66M | -44.79M | 43.52M | -139.75M |
| FCF Margin % | -3.74% | 6.57% | 10.21% | -7.24% | -3.17% | -6.52% | 5.59% | 1.39% | -12.67% | -3.36% | 2.93% | -19.22% | -6.29% | -4.83% | 10.22% | -11.74% | 2.6% | -6.03% | 7.3% | -26.31% |
| FCF Growth % | -31.88% | 208.98% | 97.36% | -658.27% | 82.63% | -30.94% | 35.97% | 105.12% | -121.74% | 37.96% | -70% | -35.05% | -301.52% | 23.52% | 18.2% | 45.96% | 109.6% | 15.95% | 137.1% | -424.03% |
| FCF per Share | -0.03 | 0.06 | 0.08 | -0.06 | -0.02 | -0.06 | 0.04 | 0.01 | -0.13 | -0.04 | 0.03 | -0.21 | -0.06 | -0.07 | 0.11 | -0.16 | 0.03 | -0.09 | 0.09 | -0.30 |
| FCF Conversion (FCF/Net Income) | -0.07x | -0.53x | -0.94x | -1.32x | 0.24x | -1.64x | -1.67x | -0.79x | 0.39x | 1.32x | -0.20x | 1.75x | -0.31x | 0.26x | -2.38x | 0.46x | -0.55x | 0.32x | -1.91x | 0.87x |
| Interest Paid | 0 | 112.42M | 71.79M | 121.23M | 88.99M | 137.4M | 78.6M | 91.38M | 127.14M | 120.65M | 81.08M | 130.34M | 72.32M | 123.63M | 56.48M | 109.76M | 51.58M | 123.19M | 52.41M | 66.78M |
| Taxes Paid | 0 | 486K | 168K | 2.34M | 4.4M | -11.35M | 1.45M | 3.82M | 6.08M | 1.64M | 2.14M | 4.45M | 2.12M | 1.13M | 1.38M | 1.67M | 774K | 1.24M | 1.8M | 629K |