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SEGMENT DATA | 12 Months Ended
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Dec. 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 that is 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. During the first quarter of 2018, the Company revised its segment reporting, as discussed in Note 1.
(In thousands) | iHM |  | Americas Outdoor Advertising |  | International Outdoor Advertising |  | Other |  | Corporate and other reconciling items |  | Eliminations |  | Consolidated
Year Ended December 31, 2018
Revenue | $ | 3,436,955 |  |  | $ | 1,189,348 |  |  | $ | 1,532,357 |  |  | $ | 174,435 |  |  | $ | — |  |  | $ | (7,315 | ) |  | $ | 6,325,780 |
Direct operating expenses | 1,062,373 |  |  | 524,659 |  |  | 946,009 |  |  | — |  |  | — |  |  | (93 | ) |  | 2,532,948 |
Selling, general and administrative expenses | 1,271,152 |  |  | 199,688 |  |  | 323,230 |  |  | 105,779 |  |  | — |  |  | (3,346 | ) |  | 1,896,503 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 341,094 |  |  | (3,876 | ) |  | 337,218 |
Depreciation and amortization | 177,775 |  |  | 166,806 |  |  | 148,199 |  |  | 13,502 |  |  | 24,621 |  |  | — |  |  | 530,903 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 40,922 |  |  | — |  |  | 40,922 |
Other operating expense, net | — |  |  | — |  |  | — |  |  | — |  |  | (6,768 | ) |  | — |  |  | (6,768 | )
Operating income (loss) | $ | 925,655 |  |  | $ | 298,195 |  |  | $ | 114,919 |  |  | $ | 55,154 |  |  | $ | (413,405 | ) |  | $ | — |  |  | $ | 980,518 |
Intersegment revenues | $ | 160 |  |  | $ | 7,155 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,315 |
Segment assets | $ | 7,356,222 |  |  | $ | 2,782,662 |  |  | $ | 1,568,346 |  |  | $ | 168,498 |  |  | $ | 393,993 |  |  | $ | (206 | ) |  | $ | 12,269,515 |
Capital expenditures | $ | 75,377 |  |  | $ | 76,867 |  |  | $ | 129,962 |  |  | $ | 2,980 |  |  | $ | 11,138 |  |  | $ | — |  |  | $ | 296,324 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,583 |  |  | $ | — |  |  | $ | 10,583 |
Year Ended December 31, 2017
Revenue | $ | 3,442,963 |  |  | $ | 1,161,059 |  |  | $ | 1,427,643 |  |  | $ | 143,684 |  |  | $ | — |  |  | $ | (6,918 | ) |  | $ | 6,168,431 |
Direct operating expenses | 1,059,123 |  |  | 527,536 |  |  | 882,231 |  |  | — |  |  | — |  |  | (166 | ) |  | 2,468,724 |
Selling, general and administrative expenses | 1,245,741 |  |  | 197,390 |  |  | 301,823 |  |  | 100,322 |  |  | — |  |  | (3,054 | ) |  | 1,842,222 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 315,596 |  |  | (3,698 | ) |  | 311,898 |
Depreciation and amortization | 233,757 |  |  | 179,119 |  |  | 141,812 |  |  | 14,967 |  |  | 31,640 |  |  | — |  |  | 601,295 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 10,199 |  |  | — |  |  | 10,199 |
Other operating income, net | — |  |  | — |  |  | — |  |  | — |  |  | 35,704 |  |  | — |  |  | 35,704 |
Operating income (loss) | $ | 904,342 |  |  | $ | 257,014 |  |  | $ | 101,777 |  |  | $ | 28,395 |  |  | $ | (321,731 | ) |  | $ | — |  |  | $ | 969,797 |
Intersegment revenues | $ | — |  |  | $ | 6,918 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,918 |
Segment assets | $ | 7,318,941 |  |  | $ | 2,850,303 |  |  | $ | 1,568,388 |  |  | $ | 167,493 |  |  | $ | 355,528 |  |  | $ | (222 | ) |  | $ | 12,260,431 |
Capital expenditures | $ | 58,057 |  |  | $ | 70,936 |  |  | $ | 150,036 |  |  | $ | 890 |  |  | $ | 12,047 |  |  | $ | — |  |  | $ | 291,966 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12,078 |  |  | $ | — |  |  | $ | 12,078 |
Year Ended December 31, 2016
Revenue | $ | 3,403,040 |  |  | $ | 1,187,180 |  |  | $ | 1,492,642 |  |  | $ | 171,593 |  |  | $ | — |  |  | $ | (3,455 | ) |  | $ | 6,251,000 |
Direct operating expenses | 975,463 |  |  | 528,769 |  |  | 889,550 |  |  | 1,255 |  |  | — |  |  | — |  |  | 2,395,037 |
Selling, general and administrative expenses | 1,102,998 |  |  | 203,427 |  |  | 311,994 |  |  | 109,623 |  |  | — |  |  | (1,924 | ) |  | 1,726,118 |
Corporate expenses | — |  |  | — |  |  | — |  |  | — |  |  | 342,603 |  |  | (1,531 | ) |  | 341,072 |
Depreciation and amortization | 243,964 |  |  | 175,438 |  |  | 162,974 |  |  | 17,304 |  |  | 35,547 |  |  | — |  |  | 635,227 |
Impairment charges | — |  |  | — |  |  | — |  |  | — |  |  | 8,000 |  |  | — |  |  | 8,000 |
Other operating income, net | — |  |  | — |  |  | — |  |  | — |  |  | 353,556 |  |  | — |  |  | 353,556 |
Operating income (loss) | $ | 1,080,615 |  |  | $ | 279,546 |  |  | $ | 128,124 |  |  | $ | 43,411 |  |  | $ | (32,594 | ) |  | $ | — |  |  | $ | 1,499,102 |
Intersegment revenues | $ | — |  |  | $ | 3,455 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,455 |
Segment assets | $ | 7,392,872 |  |  | $ | 3,046,369 |  |  | $ | 1,460,884 |  |  | $ | 237,435 |  |  | $ | 714,445 |  |  | $ | (216 | ) |  | $ | 12,851,789 |
Capital expenditures | $ | 73,221 |  |  | $ | 78,289 |  |  | $ | 146,900 |  |  | $ | 2,460 |  |  | $ | 13,847 |  |  | $ | — |  |  | $ | 314,717 |
Share-based compensation expense | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 13,133 |  |  | $ | — |  |  | $ | 13,133 |
Revenue of $1.6 billion, $1.5 billion and $1.6 billion derived from the Company’s foreign operations are included in the data above for the years ended December 31, 2018, 2017 and 2016, respectively. Revenue of $4.8 billion, $4.7 billion and $4.7 billion derived from the Company’s U.S. operations are included in the data above for the years ended December 31, 2018, 2017 and 2016, respectively. Identifiable long-lived assets of $566.1 million, $598.6 million and $540.4 million derived from the Company’s foreign operations are included in the Segment assets data above for the years ended December 31, 2018, 2017 and 2016, respectively. Identifiable long-lived assets of $1.2 billion, $1.3 billion and $1.4 billion derived from the Company’s U.S. operations are included in the Segment assets data above for the years ended December 31, 2018, 2017 and 2016, 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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