XML 33 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
3 Months Ended
Mar. 31, 2018
Revenue From Contract With Customer [Abstract]  
Revenue From Segments By Geographic Region
The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region, revenue from leases and total revenue for the three months ended March 31, 2018 and 2017:
(In thousands)
iHM
 
Americas Outdoor(1)
 
International Outdoor(1)
 
Other
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2018
Revenue from contracts with customers:
 
 
 
 
 
 
 
 
 
 
 
United States
$
740,445

 
$
96,147

 
$

 
$
28,218

 
$
(313
)
 
$
864,497

Other Americas
78

 
650

 
16,792

 

 

 
17,520

Europe
2,594

 

 
188,381

 

 

 
190,975

Asia-Pacific and other
4,250

 

 
6,508

 

 

 
10,758

Eliminations
(3,680
)
 

 
(71
)
 

 

 
(3,751
)
  Total
$
743,687

 
$
96,797

 
$
211,610

 
$
28,218

 
$
(313
)
 
$
1,079,999

Revenue from leases
881

 
159,050

 
131,254

 

 
(1,223
)
 
289,962

Total Revenue
$
744,568

 
$
255,847

 
$
342,864

 
$
28,218

 
$
(1,536
)
 
$
1,369,961

 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
Revenue from contracts with customers:
United States
$
753,332

 
$
93,662

 
$

 
$
29,271

 
$
(570
)
 
$
875,695

Other Americas
426

 
3,531

 
13,457

 

 

 
17,414

Europe
2,010

 

 
154,604

 

 

 
156,614

Asia-Pacific and other
3,805

 

 
5,456

 

 

 
9,261

Eliminations
(3,671
)
 

 
(40
)
 

 

 
(3,711
)
  Total
$
755,902

 
$
97,193

 
$
173,477

 
29,271

 
$
(570
)
 
$
1,055,273

Revenue from leases
1,271

 
163,153

 
110,903

 

 
(1,278
)
 
274,049

Total Revenue
$
757,173

 
$
260,346

 
$
284,380

 
$
29,271

 
$
(1,848
)
 
$
1,329,322

(1) Due to a re-evaluation of the Company’s internal segment reporting during the three months ended March 31, 2018, its operations in Latin America are being included in the International outdoor advertising segment results for all periods presented. See Note 1, Basis of Presentation.
Contract with Customer, Asset and Liability
The following table presents the activity related to the Company’s contract balances from contracts with customers for the three months ended March 31, 2018 and 2017:
 
Three Months Ended March 31,
(In thousands)
2018
 
2017
Accounts receivable from contracts with customers:
 
 
 
  Beginning balance, net of allowance
$
1,200,050

 
$
1,071,418

    Additions (collections), net
(151,417
)
 
(110,376
)
    Bad debt, net of recoveries
(7,460
)
 
(5,538
)
  Ending balance, net of allowance
$
1,041,173

 
$
955,504

Accounts receivable from leases
325,839

 
289,145

Accounts receivable, total
$
1,367,012

 
$
1,244,649

 
 
 
 
Deferred income from contracts with customers:
 
 
 
  Beginning balance
$
297,686

 
$
313,545

    Revenue recognized, included in beginning balance
(112,114
)
 
(124,246
)
    Additions, net of revenue recognized during period
138,613

 
136,651

  Ending balance
$
324,185

 
$
325,950

Deferred income from leases
68,571

 
66,758

Deferred income, total
$
392,756

 
$
392,708

Schedule of Future Minimum Rental Income for Operating Leases
As of December 31, 2017, the Company’s future minimum rentals under non-cancelable operating leases were as follows:
(in thousands)
2018
$
278,957

2019
37,024

2020
19,103

2021
13,683

2022
9,628

Thereafter
18,836

  Total minimum future rentals
$
377,231