Question 1

What is Clear Channel Outdoor Holdings, Inc.'s D&A?

Accepted Answer

Clear Channel Outdoor Holdings, Inc. (CCO) reported D&A of $41.25M in Q2 2026.

Question 2

How has Clear Channel Outdoor Holdings, Inc.'s D&A changed year-over-year?

Accepted Answer

Clear Channel Outdoor Holdings, Inc.'s D&A decreased by 4.8% year-over-year, from $43.34M to $41.25M.

Question 3

What is the long-term trend for Clear Channel Outdoor Holdings, Inc.'s D&A?

Accepted Answer

Over 4 years (2021 to 2025), Clear Channel Outdoor Holdings, Inc.'s D&A has grown at a -4.8% compound annual growth rate (CAGR), from $213.1M to $174.95M.

Question 4

What does D&A mean?

Accepted Answer

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

(In thousands, except per share data)	Three Months Ended / June 30, 2026	Three Months Ended / June 30, 2025	Six Months Ended / June 30, 2026	Six Months Ended / June 30, 2025
Direct operating expenses(1)	196,178	185,530	376,280	354,059
Selling, general and administrative expenses(1)	69,968	65,711	136,560	129,373
Corporate expenses(1)	36,581	31,123	67,399	50,903
Depreciation and amortization	41,246	43,335	82,769	86,339
Other operating expense (income), net	5,011	(315)	20,357	(6,100)
Operating income	89,056	77,424	128,539	122,414
Interest expense, net	(99,027)	(96,026)	(197,525)	(195,387)
Gain on extinguishment of debt	—	28,796	—	28,796

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Clear Channel Outdoor Holdings, Inc. CCO D&A