XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT DATA
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
SEGMENT DATA
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.  The International outdoor advertising segment primarily includes operations in Europe, Asia and Latin America.  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.
As of January 1, 2018, the Company revised its segment reporting, as discussed in Note 1. The following table presents the Company's reportable segment results for the three months ended March 31, 2018 and 2017:
(In thousands)
iHM
 
Americas Outdoor
 
International Outdoor
 
Other
 
Corporate and other reconciling items
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2018
Revenue
$
744,568

 
$
255,847

 
$
342,864

 
$
28,218

 
$
—

 
$
(1,536
)
 
$
1,369,961

Direct operating expenses
241,066

 
124,873

 
235,329

 
—

 
—

 
—

 
601,268

Selling, general and administrative expenses
321,270

 
48,950

 
78,458

 
24,822

 
—

 
(513
)
 
472,987

Corporate expenses
—

 
—

 
—

 
—

 
79,757

 
(1,023
)
 
78,734

Depreciation and amortization
58,333

 
44,504

 
38,565

 
3,766

 
6,266

 
—

 
151,434

Other operating expense, net
—

 
—

 
—

 
—

 
(3,286
)
 
—

 
(3,286
)
Operating income (loss)
$
123,899

 
$
37,520

 
$
(9,488
)
 
$
(370
)
 
$
(89,309
)
 
$
—

 
$
62,252

Intersegment revenues
$
14

 
$
1,522

 
$
—

 
$
—

 
$
—

 
$
—

 
$
1,536

Capital expenditures
$
9,077

 
$
12,907

 
$
15,272

 
$
40

 
$
1,407

 
$
—

 
$
38,703

Share-based compensation expense
$
—

 
$
—

 
$
—

 
$
—

 
$
2,684

 
$
—

 
$
2,684

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
Revenue
$
757,173

 
$
260,346

 
$
284,380

 
$
29,271

 
$
—

 
$
(1,848
)
 
$
1,329,322

Direct operating expenses
243,331

 
130,651

 
197,280

 
—

 
—

 
—

 
571,262

Selling, general and administrative expenses
308,151

 
50,378

 
65,396

 
27,641

 
—

 
(947
)
 
450,619

Corporate expenses
—

 
—

 
—

 
—

 
79,263

 
(901
)
 
78,362

Depreciation and amortization
58,037

 
42,816

 
33,152

 
3,369

 
8,732

 
—

 
146,106

Other operating expense, net
—

 
—

 
—

 
—

 
31,084

 
—

 
31,084

Operating income (loss)
$
147,654

 
$
36,501

 
$
(11,448
)
 
$
(1,739
)
 
$
(56,911
)
 
$
—

 
$
114,057

Intersegment revenues
$
—

 
$
1,848

 
$
—

 
$
—

 
$
—

 
$
—

 
$
1,848

Capital expenditures
$
13,237

 
$
13,588

 
$
22,340

 
$
63

 
$
1,799

 
$
—

 
$
51,027

Share-based compensation expense
$
—

 
$
—

 
$
—

 
$
—

 
$
3,059

 
$
—

 
$
3,059

(In thousands)
Three Months Ended March 31, 2018
Revenue
Direct operating expenses
Selling, general and administrative expenses
Corporate expenses
Depreciation and amortization
Impairment charges
Other operating income, net
Operating income (loss)
Intersegment revenues
Capital expenditures
Share-based compensation expense
 
Three Months Ended March 31, 2017
Revenue
Direct operating expenses
Selling, general and administrative expenses
Corporate expenses
Depreciation and amortization
Impairment charges
Other operating income, net
Operating income (loss)
Intersegment revenues
Capital expenditures
Share-based compensation expense