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Segment Data
 12 Months Ended
Dec. 31, 2015
Segment Data

NOTE 11 – 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 events and national syndication businesses. 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 Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense.

(In thousands)iHMAmericas Outdoor AdvertisingInternational Outdoor AdvertisingOtherCorporate and other reconciling itemsEliminationsConsolidated
Year Ended December 31, 2015
Revenue$ 3,284,320 $ 1,349,021 $ 1,457,183 $ 164,296 $ - $ (13,304)$ 6,241,516
Direct operating expenses 972,937 597,382 897,520 12,619 - (7,113) 2,473,345
Selling, general and administrative expenses 1,065,716 233,254 298,250 110,526 - (6,191) 1,701,555
Depreciation and amortization 240,230 204,514 166,060 26,386 36,801 - 673,991
Impairment charges - - - - 21,631 - 21,631
Corporate expenses - - - - 315,564 - 315,564
Other operating income, net - - - - 94,001 - 94,001
Operating income (loss)$ 1,005,437 $ 313,871 $ 95,353 $ 14,765 $ (279,995)$ - $ 1,149,431
Intersegment revenues$ - $ 2,744 $ - $ 10,560 $ - $ - $ 13,304
Segment assets$ 7,534,972 $ 3,567,764 $ 1,581,710 $ 238,599 $ 1,094,345 $ (196,292)$ 13,821,098
Capital expenditures$ 59,007 $ 82,165 $ 132,554 $ 6,846 $ 15,808 $ - $ 296,380
Share-based compensation expense$ - $ - $ - $ - $ 10,923 $ - $ 10,923
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 932,172 605,771 991,117 24,009 - (7,621) 2,545,448
Selling, general and administrative expenses 1,014,432 233,641 314,878 122,448 - (9,274) 1,676,125
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 $ 659,708 $ - $ 14,002,449
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 955,767 610,750 983,978 25,271 - (8,556) 2,567,210
Selling, general and administrative expenses 982,514 243,456 300,116 118,830 - (8,178) 1,636,738
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 $ 854,413 $ - $ 15,045,335
Capital expenditures$ 75,742 $ 96,590 $ 100,949 $ 9,933 $ 41,312 $ - $ 324,526
Share-based compensation expense$ - $ - $ - $ - $ 16,715 $ - $ 16,715

Revenue of $1.6 billion, $1.8 billion and $1.7 billion derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2015, 2014 and 2013, respectively. Revenue of $4.6 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, 2015, 2014 and 2013, respectively.

Identifiable long-lived assets of $629.5 million, $682.7 million and $760.5 million derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2015, 2014 and 2013, respectively. Identifiable long-lived assets of $1.6 billion, $2.0 billion and $2.1 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2015, 2014 and 2013, respectively