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Segment Data | 12 Months Ended
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Dec. 31, 2014
Segment Data | NOTE 13 – SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s national syndication business. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe, Asia and Australia. The Americas outdoor and International outdoor display inventory consists primarily of billboards, street furniture displays and transit displays. The Other category includes the Company’s media representation business as well as other general support services and initiatives which are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expenses. During the first quarter of 2015, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company’s revised reportable segment results for the years ended December 31, 2014, 2013 and 2012.
(In thousands) |  | iHM |  |  | Americas Outdoor Advertising |  |  | International Outdoor Advertising |  |  | Other |  |  | Corporate and other reconciling items |  |  | Eliminations |  |  | Consolidated |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,161,503 |  |  | $ | 1,350,623 |  |  | $ | 1,610,636 |  |  | $ | 212,676 |  |  | $ | - |  |  | $ | (16,905 | ) |  | $ | 6,318,533 |
Direct operating expenses |  |  | 927,674 |  |  |  | 605,771 |  |  |  | 991,117 |  |  |  | 24,009 |  |  |  | - |  |  |  | (7,621 | ) |  |  | 2,540,950 |
Selling, general and administrative expenses |  |  | 1,018,930 |  |  |  | 233,641 |  |  |  | 314,878 |  |  |  | 122,448 |  |  |  | - |  |  |  | (9,274 | ) |  |  | 1,680,623 |
Depreciation and amortization |  |  | 240,868 |  |  |  | 203,928 |  |  |  | 198,143 |  |  |  | 33,543 |  |  |  | 34,416 |  |  |  | - |  |  |  | 710,898 |
Impairment charges |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 24,176 |  |  |  | - |  |  |  | 24,176 |
Corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 320,341 |  |  |  | (10 | ) |  |  | 320,331 |
Other operating income, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 40,031 |  |  |  | - |  |  |  | 40,031 |
Operating income (loss) |  | $ | 974,031 |  |  | $ | 307,283 |  |  | $ | 106,498 |  |  | $ | 32,676 |  |  | $ | (338,902 | ) |  | $ | - |  |  | $ | 1,081,586 |
Intersegment revenues |  | $ | 10 |  |  | $ | 3,436 |  |  | $ | - |  |  | $ | 13,459 |  |  | $ | - |  |  | $ | - |  |  | $ | 16,905 |
Segment assets |  | $ | 7,720,181 |  |  | $ | 3,664,574 |  |  | $ | 1,680,598 |  |  | $ | 277,388 |  |  | $ | 697,501 |  |  | $ |  |  |  | $ | 14,040,242 |
Capital expenditures |  | $ | 50,403 |  |  | $ | 109,727 |  |  | $ | 117,480 |  |  | $ | 5,744 |  |  | $ | 34,810 |  |  | $ |  |  |  | $ | 318,164 |
Share-based compensation expense |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 10,713 |  |  | $ | - |  |  | $ | 10,713 |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,131,595 |  |  | $ | 1,385,757 |  |  | $ | 1,560,433 |  |  | $ | 181,993 |  |  | $ | - |  |  | $ | (16,734 | ) |  | $ | 6,243,044 |
Direct operating expenses |  |  | 953,577 |  |  |  | 610,750 |  |  |  | 983,978 |  |  |  | 25,271 |  |  |  | - |  |  |  | (8,556 | ) |  |  | 2,565,020 |
Selling, general and administrative expenses |  |  | 984,704 |  |  |  | 243,456 |  |  |  | 300,116 |  |  |  | 118,830 |  |  |  | - |  |  |  | (8,178 | ) |  |  | 1,638,928 |
Depreciation and amortization |  |  | 262,136 |  |  |  | 206,031 |  |  |  | 194,493 |  |  |  | 39,291 |  |  |  | 28,877 |  |  |  | - |  |  |  | 730,828 |
Impairment charges |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 16,970 |  |  |  | - |  |  |  | 16,970 |
Corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 313,514 |  |  |  | - |  |  |  | 313,514 |
Other operating income, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22,998 |  |  |  | - |  |  |  | 22,998 |
Operating income (loss) |  | $ | 931,178 |  |  | $ | 325,520 |  |  | $ | 81,846 |  |  | $ | (1,399 | ) |  | $ | (336,363 | ) |  | $ | - |  |  | $ | 1,000,782 |
Intersegment revenues |  | $ | - |  |  | $ | 2,473 |  |  | $ | - |  |  | $ | 14,261 |  |  | $ | - |  |  | $ | - |  |  | $ | 16,734 |
Segment assets |  | $ | 7,933,564 |  |  | $ | 3,823,347 |  |  | $ | 1,899,648 |  |  | $ | 534,363 |  |  | $ | 906,380 |  |  | $ |  |  |  | $ | 15,097,302 |
Capital expenditures |  | $ | 75,742 |  |  | $ | 96,590 |  |  | $ | 100,949 |  |  | $ | 9,933 |  |  | $ | 41,312 |  |  | $ |  |  |  | $ | 324,526 |
Share-based compensation expense |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 16,715 |  |  | $ | - |  |  | $ | 16,715 |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,084,780 |  |  | $ | 1,367,669 |  |  | $ | 1,579,275 |  |  | $ | 231,667 |  |  | $ | - |  |  | $ | (16,507 | ) |  | $ | 6,246,884 |
Direct operating expenses |  |  | 888,914 |  |  |  | 625,852 |  |  |  | 977,640 |  |  |  | 25,088 |  |  |  | - |  |  |  | (12,965 | ) |  |  | 2,504,529 |
Selling, general and administrative expenses |  |  | 959,182 |  |  |  | 262,645 |  |  |  | 312,017 |  |  |  | 129,987 |  |  |  | - |  |  |  | (3,542 | ) |  |  | 1,660,289 |
Depreciation and amortization |  |  | 262,409 |  |  |  | 200,372 |  |  |  | 196,909 |  |  |  | 45,568 |  |  |  | 24,027 |  |  |  | - |  |  |  | 729,285 |
Impairment charges |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 37,651 |  |  |  | - |  |  |  | 37,651 |
Corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 293,207 |  |  |  | - |  |  |  | 293,207 |
Other operating income, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 48,127 |  |  |  | - |  |  |  | 48,127 |
Operating income (loss) |  | $ | 974,275 |  |  | $ | 278,800 |  |  | $ | 92,709 |  |  | $ | 31,024 |  |  | $ | (306,758 | ) |  | $ | - |  |  | $ | 1,070,050 |
Intersegment revenues |  | $ | - |  |  | $ | 1,175 |  |  | $ | 80 |  |  | $ | 15,252 |  |  | $ | - |  |  | $ | - |  |  | $ | 16,507 |
Segment assets |  | $ | 8,061,701 |  |  | $ | 3,991,147 |  |  | $ | 2,100,397 |  |  | $ | 815,435 |  |  | $ | 1,324,033 |  |  | $ | - |  |  | $ | 16,292,713 |
Capital expenditures |  | $ | 65,821 |  |  | $ | 130,786 |  |  | $ | 136,990 |  |  | $ | 17,438 |  |  | $ | 39,245 |  |  | $ | - |  |  | $ | 390,280 |
Share-based compensation expense |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 28,540 |  |  | $ | - |  |  | $ | 28,540 |
Revenue of $1.8 billion, $1.7 billion and $1.7 billion derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Revenue of $4.5 billion, $4.5 billion and $4.5 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Identifiable long-lived assets of $682.7 million, $760.5 million and $805.2 million derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively. Identifiable long-lived assets of $2.0 billion, $2.1 billion and $2.2 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2014, 2013 and 2012, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: 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 + Details
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