Pay vs Performance Disclosure - USD ($) | 12 Months Ended |
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pay vs Performance Disclosure | | | | |
Pay vs Performance Disclosure, Table | PAY VERSUS PERFORMANCE The following table sets forth certain information with respect to Clear Channel Outdoor’s financial performance and the compensation actually paid to our principal executive officer (“PEO”) and the average compensation actually paid to our other NEOs for the years ended on December 31, 2023, 2022, 2021 and 2020. Year Summary (a) Compensation (a)(b) Average Non-PEO (c) Average Non-PEO (b)(c) Value of Initial Fixed $100 Net Income (e) CCOH Plan (f) Total (d) Current (d) 2023 $ 4,754,224 $ 7,105,140 (g) $ 1,842,585 $ 2,591,310 (g) $ 64 $ 97 ($ 308,816,000 ) $ 571,374,441 2022 $ 5,962,621 ($ 1,048,564 ) $ 1,895,137 ($ 1,099,639 ) $ 37 $ 93 ($ 94,388,000 ) $ 632,587,236 2021 $ 6,234,771 $ 11,854,376 $ 2,880,092 $ 5,492,876 $ 116 $ 110 ($ 433,120,000 ) $ 496,603,373 2020 $ 4,537,958 $ 4,047,663 $ 1,676,961 $ 1,528,992 $ 58 $ 96 ($ 600,226,000 ) $ 162,508,046 (a) The names of the PEO of the Company reflected in these columns for each applicable fiscal year are as follows: (i) for fiscal year 2023 and 2022, Mr. Wells, and (ii) for fiscal years 2021 and 2020, Mr. Christopher W. Eccleshare. (b) In calculating the ‘compensation actually paid’ amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant. (c) The names of each non-PEO (d) The Company’s TSR and the Company’s peer group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. Total Previous Peer 2023 $ 64 $ 96 2022 $ 37 $ 93 2021 $ 116 $ 107 2020 $ 58 $ 95 (e) Represents the amount of consolidated net income (loss) reflected in the Company’s audited financial statements for each applicable fiscal year. (f) We have selected CCOH Plan Adjusted EBITDA as our most important financial measure (that is not otherwise required to be disclosed in the table) used to link ‘compensation actually paid’ to our NEOs to company performance for fiscal year 2023. CCOH Plan Adjusted EBITDA is the adjusted EBITDA amount used for executive bonus calculations, which excludes bonus expense. Below is a reconciliation of consolidated net loss to CCOH Plan Adjusted EBITDA for fiscal years 2020, 2021, 2022 and 2023. (in thousands) 2023 2022 (1) 2021 (1) 2020 (1) Consolidated net loss $ (308,816 ) $ (94,388 ) $ (433,120 ) $ (600,226 ) Loss from discontinued operations $ 151,709 — — — Income tax expense (benefit) $ (17,217 ) $ (71,832 ) $ (34,528 ) $ (58,006 ) Other expense (income), net $ (6,403 ) $ 35,079 $ (1,762 ) $ 170 Loss/(gain) on extinguishment of debt $ (3,817 ) — $ 102,757 $ 5,389 Interest expense, net $ 421,434 $ 362,680 $ 350,457 $ 360,259 Other operating expense (income), net $ 11,769 $ 2,386 $ (627 ) $ (53,614 ) Impairment charges — $ 39,546 $ 118,950 $ 150,400 Depreciation and amortization $ 241,828 $ 253,809 $ 253,155 $ 269,421 Share-based compensation $ 20,330 $ 21,148 $ 19,398 $ 13,235 Restructuring and other costs $ 24,399 $ 16,244 $ 47,840 $ 32,942 Adjusted EBITDA $ 535,216 $ 564,672 $ 422,520 $ 119,970 Bonus Expense $ 41,541 $ 53,035 $ 65,605 $ 16,281 FX Impact / Other $ (5,004 ) $ 14,881 $ 8,478 $ (358 ) Divested Businesses (add back loss) $ (379 ) — — $ 26,615 CCOH Plan Adjusted EBITDA $ 571,374 $ 632,587 $ 496,603 $ 162,508 (1) These years are presented based on historical financial statements prior to the application of discontinued operations during 2023 related to the sale of our Europe-South segment. (g) For fiscal year 2023, the ‘compensation actually paid’ to the PEO and the average ‘compensation actually paid’ to the non-PEO S-K: PEO Average Non-PEO Total Compensation Reported in 2023 Summary Compensation Table $ 4,754,224 $ 1,842,585 Less, Grant Date Fair Value of Stock & Option Awards Reported in the 2023 Summary ($ 2,675,832 ) ($ 807,629 ) Plus, Year-End $ 3,842,140 $ 1,157,071 Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior Year-End Year-End) $ 917,364 $ 265,782 Plus, Vesting Date Fair Value of Awards Granted in 2023 that Vested in 2023 $ — $ — Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in 2023 (From Prior Year-End $ 267,244 $ 133,501 Less, Prior Year-End — — Plus, Dollar Value of Dividends or other Earnings Paid on Stock & Option Awards in 2023 prior to Vesting (if not reflected in the fair value of such award or included in Total — — Total Adjustments $ 2,350,916 $ 748,725 Compensation Actually Paid for Fiscal Year 2023 $ 7,105,140 $ 2,591,310 | | | |
Company Selected Measure Name | CCOH Plan Adjusted EBITDA | | | |
Named Executive Officers, Footnote | The names of each non-PEO | | | |
Peer Group Issuers, Footnote | The Company’s TSR and the Company’s peer group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. | | | |
PEO Total Compensation Amount | $ 4,754,224 | $ 5,962,621 | $ 6,234,771 | $ 4,537,958 |
PEO Actually Paid Compensation Amount | $ 7,105,140 | (1,048,564) | 11,854,376 | 4,047,663 |
Adjustment To PEO Compensation, Footnote | (g) For fiscal year 2023, the ‘compensation actually paid’ to the PEO and the average ‘compensation actually paid’ to the non-PEO S-K: PEO Average Non-PEO Total Compensation Reported in 2023 Summary Compensation Table $ 4,754,224 $ 1,842,585 Less, Grant Date Fair Value of Stock & Option Awards Reported in the 2023 Summary ($ 2,675,832 ) ($ 807,629 ) Plus, Year-End $ 3,842,140 $ 1,157,071 Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior Year-End Year-End) $ 917,364 $ 265,782 Plus, Vesting Date Fair Value of Awards Granted in 2023 that Vested in 2023 $ — $ — Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in 2023 (From Prior Year-End $ 267,244 $ 133,501 Less, Prior Year-End — — Plus, Dollar Value of Dividends or other Earnings Paid on Stock & Option Awards in 2023 prior to Vesting (if not reflected in the fair value of such award or included in Total — — Total Adjustments $ 2,350,916 $ 748,725 Compensation Actually Paid for Fiscal Year 2023 $ 7,105,140 $ 2,591,310 | | | |
Non-PEO NEO Average Total Compensation Amount | $ 1,842,585 | 1,895,137 | 2,880,092 | 1,676,961 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,591,310 | (1,099,639) | 5,492,876 | 1,528,992 |
Adjustment to Non-PEO NEO Compensation Footnote | (g) For fiscal year 2023, the ‘compensation actually paid’ to the PEO and the average ‘compensation actually paid’ to the non-PEO S-K: PEO Average Non-PEO Total Compensation Reported in 2023 Summary Compensation Table $ 4,754,224 $ 1,842,585 Less, Grant Date Fair Value of Stock & Option Awards Reported in the 2023 Summary ($ 2,675,832 ) ($ 807,629 ) Plus, Year-End $ 3,842,140 $ 1,157,071 Plus, Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior Year-End Year-End) $ 917,364 $ 265,782 Plus, Vesting Date Fair Value of Awards Granted in 2023 that Vested in 2023 $ — $ — Plus, Change in Fair Value of Awards Granted in Prior Years that Vested in 2023 (From Prior Year-End $ 267,244 $ 133,501 Less, Prior Year-End — — Plus, Dollar Value of Dividends or other Earnings Paid on Stock & Option Awards in 2023 prior to Vesting (if not reflected in the fair value of such award or included in Total — — Total Adjustments $ 2,350,916 $ 748,725 Compensation Actually Paid for Fiscal Year 2023 $ 7,105,140 $ 2,591,310 | | | |
Compensation Actually Paid vs. Total Shareholder Return | As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEO non-PEO Pay-for-Performance non-PEO wards. | | | |
Compensation Actually Paid vs. Net Income | As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEO non-PEO 23. | | | |
Compensation Actually Paid vs. Company Selected Measure | As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEO non-PEO 23. | | | |
Total Shareholder Return Vs Peer Group | As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEO non-PEO 23. | | | |
Tabular List, Table | Tabular List The following table lists our most important performance measures used by us to link ‘compensation actually paid’ to our NEOs to company performance for fiscal year 2023. The performance measures included in this table are not ranked by relative importance. Tabular List Overall CCOH Plan Adjusted EBITDA Europe Division Plan Adjusted EBITDA Company TSR Relative to S&P 600 Company Stock Price | | | |
Total Shareholder Return Amount | $ 64 | 37 | 116 | 58 |
Peer Group Total Shareholder Return Amount | 97 | 93 | 110 | 96 |
Net Income (Loss) | $ (308,816,000) | $ (94,388,000) | $ (433,120,000) | $ (600,226,000) |
Company Selected Measure Amount | 571,374,441 | 632,587,236 | 496,603,373 | 162,508,046 |
PEO Name | Mr. Wells | Mr. Wells | Mr. Christopher W. Eccleshare | Mr. Christopher W. Eccleshare |
Previous Peer Group Total Shareholder Return | $ 96 | $ 93 | $ 107 | $ 95 |
Measure:: 1 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Overall CCOH Plan Adjusted EBITDA | | | |
Measure:: 2 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Europe Division Plan Adjusted EBITDA | | | |
Measure:: 3 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Company TSR Relative to S&P 600 | | | |
Measure:: 4 | | | | |
Pay vs Performance Disclosure | | | | |
Name | Company Stock Price | | | |
PEO | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 2,350,916 | | | |
PEO | Grant Date Fair Value of Stock and Option Awards Reported [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (2,675,832) | | | |
PEO | YearEnd Fair Value of Awards Granted that are Outstanding and Unvested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 3,842,140 | | | |
PEO | Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior YearEnd to YearEnd) [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 917,364 | | | |
PEO | Vesting Date Fair Value of Awards Granted [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 0 | | | |
PEO | Change in Fair Value of Awards Granted in Prior Years that Vested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 267,244 | | | |
PEO | Prior YearEnd Fair Value of Awards Granted in Prior Years that Failed to Vest [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 0 | | | |
PEO | Dollar Value of Dividends or other Earnings Paid on Stock Option Awards [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 0 | | | |
Non-PEO NEO | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 748,725 | | | |
Non-PEO NEO | Grant Date Fair Value of Stock and Option Awards Reported [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | (807,629) | | | |
Non-PEO NEO | YearEnd Fair Value of Awards Granted that are Outstanding and Unvested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 1,157,071 | | | |
Non-PEO NEO | Change in Fair Value of Awards Granted in Prior Years that are Outstanding and Unvested (From Prior YearEnd to YearEnd) [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 265,782 | | | |
Non-PEO NEO | Vesting Date Fair Value of Awards Granted [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 0 | | | |
Non-PEO NEO | Change in Fair Value of Awards Granted in Prior Years that Vested [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 133,501 | | | |
Non-PEO NEO | Prior YearEnd Fair Value of Awards Granted in Prior Years that Failed to Vest [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | 0 | | | |
Non-PEO NEO | Dollar Value of Dividends or other Earnings Paid on Stock Option Awards [Member] | | | | |
Pay vs Performance Disclosure | | | | |
Adjustment to Compensation, Amount | $ 0 | | | |