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Clear Channel Outdoor Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$25.3M in Q2 2026 · $84.3M over twelve months

Operating cash flow$44.6M
Capital spending−$19.3M
Free cash flow+$25.3M

Analysis

In Q2 2026, Clear Channel Outdoor Holdings generated $44.6M of operating cash flow and spent $19.3M on capital projects, leaving free cash flow of $25.3M. That is $54.4M more than in Q2 2025 (−$29.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was $160M; the largest uses were net borrowing (+) / repaid (−) ($2.0B), capital spending ($76.1M), taxes on employees’ shares ($14.8M); besides operations, cash came from other financing ($2.0B), other investing ($7.4M); the cash balance rose by $57.0M.

Operating cash flow was $44.6M against net income of −$5.0M. The largest differences: depreciation & amortization +$41.2M, receivables −$33.4M, accrued liabilities +$28.6M.

Free cash flow

Clear Channel Outdoor Holdings: free cash flow by quarterClear Channel Outdoor Holdings: free cash flow by quarter$21.0MQ3 2024−$27.8MQ4 2024−$10.6MQ1 2025−$29.2MQ2 2025$41.4MQ3 2025$30.3MQ4 2025−$12.8MQ1 2026$25.3MQ2 2026
Operating cash flow less capital spending.
Clear Channel Outdoor Holdings: operating cash flow against capital spendingClear Channel Outdoor Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$54.5M$33.5MQ3 2024$29.3M$57.1MQ4 2024$14.9M$25.5MQ1 2025−$12.6M$16.6MQ2 2025$56.2M$14.8MQ3 2025$56.3M$26.0MQ4 2025$3.2M$16.0MQ1 2026$44.6M$19.3MQ2 2026
Latest (Q2 2026): Operating cash flow $44.6M, Capital spending $19.3M.

Capital allocation, year by year

Clear Channel Outdoor Holdings: where the cash came from (up) and went (down), by fiscal yearClear Channel Outdoor Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$133MFY2021: Net borrowing −$55.5MFY2021: Asset sales $13.2MFY2021: Capital spending −$148M$13.2MFY2021FY2022: Operating cash flow $140MFY2022: Net borrowing −$21.4MFY2022: Asset sales $27.1MFY2022: Capital spending −$185MFY2022: Acquisitions −$62.0M$167MFY2022FY2023: Operating cash flow $31.3MFY2023: Net borrowing $66.5MFY2023: Asset sales $59.8MFY2023: Capital spending −$167MFY2023: Acquisitions −$12.1M$158MFY2023FY2024: Operating cash flow $79.7MFY2024: Asset sales $13.7MFY2024: Capital spending −$142MFY2024: Acquisitions −$26.6M$93.5MFY2024FY2025: Operating cash flow $115MFY2025: Net borrowing −$561MFY2025: Asset sales $608MFY2025: Capital spending −$82.9MFY2025: Acquisitions −$563K$723MFY2025
Over these 5 years operating cash flow totalled $232M; the largest uses were capital spending ($725M) and net borrowing ($638M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$192M
Debt$5.1B
Net debt$4.9B
Due within a year$312K

Clear Channel Outdoor Holdings funds itself: free cash flow was $84.3M over the last twelve months, and $192M of cash and investments stands against $5.1B of debt ($312K due within a year, 615.8× covered by cash).

Clear Channel Outdoor Holdings: debt maturities by year (FY2025)Clear Channel Outdoor Holdings: debt maturities by year (FY2025)$312KYear 1$297KYear 2$1.3BYear 3$906MYear 4$865MYear 5$2.1BAfter year 5
Principal due in each year as disclosed in the annual report, against $192M of cash and investments now.

Where the cash came from and went

Clear Channel Outdoor Holdings: sources (+) and uses (−) of cash, Q2 2026Clear Channel Outdoor Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$44.6MOther financing−$20.6MCapital spending−$19.3MCash drawn (+) / kept (−)−$6.2MOther investing$1.9MExchange rates−$292KNet borrowing (+) / repaid (−)−$74K
Clear Channel Outdoor Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Clear Channel Outdoor Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Net borrowing (+) / repaid (−)−$2.0BOther financing$2.0BOperating cash flow$160MCapital spending−$76.1MCash drawn (+) / kept (−)−$57.0MTaxes on employees’ shares−$14.8MOther investing$7.4MPartners−$6.3MExchange rates−$608K

From profit to cash

Clear Channel Outdoor Holdings: net income to operating cash flow, Q2 2026Clear Channel Outdoor Holdings: net income to operating cash flow, Q2 2026Net income−$5.0MDepreciation & amortization$41.2MStock-based pay$8.0MDeferred taxes−$727KGains on disposals$751KOther non-cash−$340KReceivables−$33.4MAccrued liabilities$28.6MDeferred revenue$6.7MPrepaid and other assets$4.3MOther liabilities$918KOperating cash flow$44.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$44.6M−$19.3M—−$74K−$6.2M$25.3M
Q1 2026$3.2M−$16.0M—−$71K$15.1M−$12.8M
Q4 2025$56.3M−$26.0M−$41K−$64K−$33.7M$30.3M
Q3 2025$56.2M−$14.8M−$522K$13.8M−$32.1M$41.4M
Q2 2025−$12.6M−$16.6M—−$200M$255M−$29.2M
Q1 2025$14.9M−$25.5M—−$375M−$234M−$10.6M
Q4 2024$29.3M−$57.1M−$8.6M−$198K$38.4M−$27.8M
Q3 2024$54.5M−$33.5M−$9.3M−$94K−$12.6M$21.0M

Clear Channel Outdoor Holdings: income statement and cash flow

Clear Channel Outdoor Holdings, Q2 2026: revenue $438M (+9% year over year), operating margin 20.3%. The chart follows the revenue to costs, profit and cash.

Clear Channel Outdoor Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.