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Segment Data (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2015 and 2014:
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Three Months Ended September 30, 2015
Revenue | $ | 846,865 |  | $ | 347,336 |  | $ | 348,941 |  | $ | 39,358 |  | $ | - |  | $ | (2,986) |  | $ | 1,579,514
Direct operating expenses |  | 253,848 |  |  | 149,072 |  |  | 223,644 |  |  | 3,174 |  |  | - |  |  | (1,896) |  |  | 627,842
Selling, general and administrative expenses |  | 272,349 |  |  | 59,539 |  |  | 73,020 |  |  | 25,149 |  |  | - |  |  | (1,090) |  |  | 428,967
Depreciation and amortization |  | 59,408 |  |  | 50,121 |  |  | 41,564 |  |  | 5,896 |  |  | 9,331 |  |  | - |  |  | 166,320
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 21,631 |  |  | - |  |  | 21,631
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 74,542 |  |  | - |  |  | 74,542
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 6,914 |  |  | - |  |  | 6,914
Operating income (loss) | $ | 261,260 |  | $ | 88,604 |  | $ | 10,713 |  | $ | 5,139 |  | $ | (98,590) |  | $ | - |  | $ | 267,126
Intersegment revenues | $ | - |  | $ | 347 |  | $ | - |  | $ | 2,639 |  | $ | - |  | $ | - |  | $ | 2,986
Capital expenditures | $ | 13,533 |  | $ | 18,557 |  | $ | 28,665 |  | $ | 1,444 |  | $ | 5,416 |  | $ | - |  | $ | 67,615
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,991 |  | $ | - |  | $ | 2,991
Three Months Ended September 30, 2014
Revenue | $ | 830,509 |  | $ | 350,464 |  | $ | 392,330 |  | $ | 61,096 |  | $ | - |  | $ | (4,365) |  | $ | 1,630,034
Direct operating expenses |  | 244,945 |  |  | 151,550 |  |  | 249,284 |  |  | 5,103 |  |  | - |  |  | (2,473) |  |  | 648,409
Selling, general and administrative expenses |  | 259,283 |  |  | 60,994 |  |  | 78,619 |  |  | 30,245 |  |  | - |  |  | (1,882) |  |  | 427,259
Depreciation and amortization |  | 59,359 |  |  | 51,303 |  |  | 47,775 |  |  | 8,389 |  |  | 9,039 |  |  | - |  |  | 175,865
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 35 |  |  | - |  |  | 35
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 78,212 |  |  | (10) |  |  | 78,202
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 47,172 |  |  | - |  |  | 47,172
Operating income (loss) | $ | 266,922 |  | $ | 86,617 |  | $ | 16,652 |  | $ | 17,359 |  | $ | (40,114) |  | $ | - |  | $ | 347,436
Intersegment revenues | $ | 10 |  | $ | 721 |  | $ | - |  | $ | 3,634 |  | $ | - |  | $ | - |  | $ | 4,365
Capital expenditures | $ | 9,336 |  | $ | 22,392 |  | $ | 19,448 |  | $ | 1,235 |  | $ | 1,176 |  | $ | - |  | $ | 53,587
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,246 |  | $ | - |  | $ | 2,246
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Nine Months Ended September 30, 2015
Revenue | $ | 2,385,367 |  | $ | 984,485 |  | $ | 1,049,654 |  | $ | 114,860 |  | $ | - |  | $ | (10,429) |  | $ | 4,523,937
Direct operating expenses |  | 709,503 |  |  | 445,018 |  |  | 663,011 |  |  | 9,611 |  |  | - |  |  | (5,517) |  |  | 1,821,626
Selling, general and administrative expenses |  | 800,221 |  |  | 172,522 |  |  | 219,689 |  |  | 81,798 |  |  | - |  |  | (4,912) |  |  | 1,269,318
Depreciation and amortization |  | 179,721 |  |  | 151,574 |  |  | 124,961 |  |  | 21,173 |  |  | 27,738 |  |  | - |  |  | 505,167
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 21,631 |  |  | - |  |  | 21,631
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 232,422 |  |  | - |  |  | 232,422
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 98,694 |  |  | - |  |  | 98,694
Operating income (loss) | $ | 695,922 |  | $ | 215,371 |  | $ | 41,993 |  | $ | 2,278 |  | $ | (183,097) |  | $ | - |  | $ | 772,467
Intersegment revenues | $ | - |  | $ | 2,510 |  | $ | - |  | $ | 7,919 |  | $ | - |  | $ | - |  | $ | 10,429
Capital expenditures | $ | 40,860 |  | $ | 50,916 |  | $ | 85,522 |  | $ | 4,592 |  | $ | 10,602 |  | $ | - |  | $ | 192,492
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 7,918 |  | $ | - |  | $ | 7,918
Nine Months Ended September 30, 2014
Revenue | $ | 2,307,193 |  | $ | 985,420 |  | $ | 1,173,830 |  | $ | 149,818 |  | $ | - |  | $ | (13,525) |  | $ | 4,602,736
Direct operating expenses |  | 683,950 |  |  | 448,789 |  |  | 746,702 |  |  | 17,839 |  |  | - |  |  | (6,313) |  |  | 1,890,967
Selling, general and administrative expenses |  | 763,308 |  |  | 175,811 |  |  | 237,023 |  |  | 91,883 |  |  | - |  |  | (7,202) |  |  | 1,260,823
Depreciation and amortization |  | 178,914 |  |  | 150,862 |  |  | 143,995 |  |  | 25,763 |  |  | 25,264 |  |  | - |  |  | 524,798
Impairment charges |  | - |  |  | - |  |  | - |  |  | - |  |  | 4,937 |  |  | - |  |  | 4,937
Corporate expenses |  | - |  |  | - |  |  | - |  |  | - |  |  | 233,114 |  |  | (10) |  |  | 233,104
Other operating income, net |  | - |  |  | - |  |  | - |  |  | - |  |  | 45,709 |  |  | - |  |  | 45,709
Operating income (loss) | $ | 681,021 |  | $ | 209,958 |  | $ | 46,110 |  | $ | 14,333 |  | $ | (217,606) |  | $ | - |  | $ | 733,816
Intersegment revenues | $ | 10 |  | $ | 2,791 |  | $ | - |  | $ | 10,724 |  | $ | - |  | $ | - |  | $ | 13,525
Capital expenditures | $ | 30,020 |  | $ | 60,519 |  | $ | 72,086 |  | $ | 4,121 |  | $ | 28,262 |  | $ | - |  | $ | 195,008
Share-based compensation expense | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 8,064 |  | $ | - |  | $ | 8,064

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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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