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Segment Data (Tables) | 6 Months Ended
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Jun. 30, 2015
Schedule of Operating Segment Results |
During the first quarter of 2015, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company’s reportable segment results for the three and six months ended June 30, 2015 and 2014:
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended June 30, 2015
Revenue | $ | 840,701 |  | $ | 341,286 |  | $ | 381,533 |  | $ | 40,040 |  | $ | - |  | $ | (3,701) |  | $ | 1,599,859
Direct operating expenses |  | 241,826 |  |  | 149,712 |  |  | 222,630 |  |  | 3,039 |  |  | - |  |  | (1,942) |  |  | 615,265
Selling, general and administrative expenses |  | 266,523 |  |  | 57,346 |  |  | 75,176 |  |  | 26,877 |  |  | - |  |  | (1,759) |  |  | 424,163
Depreciation and amortization |  | 59,571 |  |  | 51,113 |  |  | 40,956 |  |  | 7,611 |  |  | 9,143 |  |  | - |  |  | 168,394
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 80,592 |  |  | - |  |  | 80,592
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 100,754 |  |  | - |  |  | 100,754
Operating income | $ | 272,781 |  | $ | 83,115 |  | $ | 42,771 |  | $ | 2,513 |  | $ | 11,019 |  | $ | - |  | $ | 412,199
Intersegment revenues | $ | - |  | $ | 1,062 |  | $ | - |  | $ | 2,639 |  | $ | - |  | $ | - |  | $ | 3,701
Capital expenditures | $ | 15,414 |  | $ | 15,664 |  | $ | 31,752 |  | $ | 2,097 |  | $ | 3,495 |  | $ | - |  | $ | 68,422
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,403 |  | $ | - |  | $ | 2,403
Three Months Ended June 30, 2014
Revenue | $ | 806,337 |  | $ | 344,346 |  | $ | 436,859 |  | $ | 47,227 |  | $ | - |  | $ | (4,615) |  | $ | 1,630,154
Direct operating expenses |  | 227,059 |  |  | 153,875 |  |  | 259,269 |  |  | 6,348 |  |  | - |  |  | (1,681) |  |  | 644,870
Selling, general and administrative expenses |  | 250,681 |  |  | 58,448 |  |  | 81,823 |  |  | 30,910 |  |  | - |  |  | (2,934) |  |  | 418,928
Depreciation and amortization |  | 59,230 |  |  | 49,848 |  |  | 47,889 |  |  | 8,655 |  |  | 8,440 |  |  | - |  |  | 174,062
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 4,902 |  |  | - |  |  | 4,902
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 82,197 |  |  | - |  |  | 82,197
Other operating expense, net |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,628) |  |  | - |  |  | (1,628)
Operating income (loss) | $ | 269,367 |  | $ | 82,175 |  | $ | 47,878 |  | $ | 1,314 |  | $ | (97,167) |  | $ | - |  | $ | 303,567
Intersegment revenues | $ | - |  | $ | 1,094 |  | $ | - |  | $ | 3,521 |  | $ | - |  | $ | - |  | $ | 4,615
Capital expenditures | $ | 10,392 |  | $ | 21,683 |  | $ | 31,776 |  | $ | 1,079 |  | $ | 9,083 |  | $ | - |  | $ | 74,013
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,782 |  | $ | - |  | $ | 2,782
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Six Months Ended June 30, 2015
Revenue | $ | 1,538,502 |  | $ | 637,149 |  | $ | 700,713 |  | $ | 75,502 |  | $ | - |  | $ | (7,443) |  | $ | 2,944,423
Direct operating expenses |  | 455,655 |  |  | 295,946 |  |  | 439,367 |  |  | 6,437 |  |  | - |  |  | (3,621) |  |  | 1,193,784
Selling, general and administrative expenses |  | 527,872 |  |  | 112,983 |  |  | 146,669 |  |  | 56,649 |  |  | - |  |  | (3,822) |  |  | 840,351
Depreciation and amortization |  | 120,313 |  |  | 101,453 |  |  | 83,397 |  |  | 15,277 |  |  | 18,407 |  |  | - |  |  | 338,847
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 157,880 |  |  | - |  |  | 157,880
Other operating expense, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 91,780 |  |  | - |  |  | 91,780
Operating income (loss) | $ | 434,662 |  | $ | 126,767 |  | $ | 31,280 |  | $ | (2,861) |  | $ | (84,507) |  | $ | - |  | $ | 505,341
Intersegment revenues | $ | - |  | $ | 2,163 |  | $ | - |  | $ | 5,280 |  | $ | - |  | $ | - |  | $ | 7,443
Capital expenditures | $ | 27,327 |  | $ | 32,359 |  | $ | 56,857 |  | $ | 3,148 |  | $ | 5,186 |  | $ | - |  | $ | 124,877
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 4,927 |  | $ | - |  | $ | 4,927
Six Months Ended June 30, 2014
Revenue | $ | 1,476,684 |  | $ | 634,956 |  | $ | 781,500 |  | $ | 88,722 |  | $ | - |  | $ | (9,160) |  | $ | 2,972,702
Direct operating expenses |  | 439,005 |  |  | 297,239 |  |  | 497,418 |  |  | 12,736 |  |  | - |  |  | (3,840) |  |  | 1,242,558
Selling, general and administrative expenses |  | 504,025 |  |  | 114,817 |  |  | 158,404 |  |  | 61,638 |  |  | - |  |  | (5,320) |  |  | 833,564
Depreciation and amortization |  | 119,555 |  |  | 99,559 |  |  | 96,220 |  |  | 17,374 |  |  | 16,225 |  |  | - |  |  | 348,933
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 4,902 |  |  | - |  |  | 4,902
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 154,902 |  |  | - |  |  | 154,902
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,463) |  |  | - |  |  | (1,463)
Operating income (loss) | $ | 414,099 |  | $ | 123,341 |  | $ | 29,458 |  | $ | (3,026) |  | $ | (177,492) |  | $ | - |  | $ | 386,380
Intersegment revenues | $ | - |  | $ | 2,070 |  | $ | - |  | $ | 7,090 |  | $ | - |  | $ | - |  | $ | 9,160
Capital expenditures | $ | 20,684 |  | $ | 38,127 |  | $ | 52,638 |  | $ | 2,886 |  | $ | 27,086 |  | $ | - |  | $ | 141,421
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 5,818 |  | $ | - |  | $ | 5,818

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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