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Segment Data
 9 Months Ended
Sep. 30, 2012
Segment Data [Abstract]  
Segment Data

NOTE 9 – SEGMENT DATA

The Company's reportable segments, which it believes best reflect how the Company is currently managed, are CCME, 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 CCME segment provides media and entertainment services via broadcast and digital delivery and also includes the Company's national syndication business. The Americas outdoor advertising segment consists of operations primarily in the United States and Canada. The International outdoor advertising segment primarily includes operations in Europe, Asia and Latin America. The Americas outdoor and International outdoor display inventory consists primarily of billboards, street furniture displays and transit displays. The Other category includes the Company's media representation business as well as other general support services and initiatives which are ancillary to the Company's other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions of each of the Company's operating segments, as well as overall executive, administrative and support functions. Share-based payments are recorded by each segment in direct operating and selling, general and administrative expenses.

During the first quarter of 2012, the Company recast its segment reporting, as discussed in Note 1. The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2012 and 2011.

 

(In thousands) CCME Americas Outdoor Advertising International Outdoor Advertising Other Corporate and other reconciling items Eliminations Consolidated
Three Months Ended September 30, 2012
Revenue$ 798,759$ 335,021$ 396,120$ 76,067$ -$ (18,636)$ 1,587,331
Direct operating expenses  229,843  146,121  247,213  6,529  -  (5,180)  624,526
Selling, general and administrative expenses  259,861  54,718  82,770  35,962  -  (13,456)  419,855
Depreciation and amortization  67,956  50,177  49,740  10,663  3,814  -  182,350
Corporate expenses  -  -  -  -  70,811  -  70,811
Other operating income - net  -  -  -  -  42,118  -  42,118
Operating income (loss)$ 241,099$ 84,005$ 16,397$ 22,913$ (32,507)$ -$ 331,907
               
Intersegment revenues$ -$ 314$ -$ 18,322$ -$ -$ 18,636
Capital expenditures$ 16,885$ 25,633$ 30,238$ 2,812$ 10,621$ -$ 86,189
Share-based compensation expense$ 1,418$ 1,893$ 1,708$ -$ 2,359$ -$ 7,378
Three Months Ended September 30, 2011
Revenue$ 791,365$ 326,882$ 421,568$ 60,195$ -$ (16,658)$ 1,583,352
Direct operating expenses  242,704  143,345  264,787  7,171  -  (3,844)  654,163
Selling, general and administrative expenses  247,037  50,639  81,276  36,022  -  (12,814)  402,160
Depreciation and amortization  68,176  60,117  54,817  12,052  2,370  -  197,532
Corporate expenses  -  -  -  -  54,247  -  54,247
Other operating income - net  -  -  -  -  (6,490)  -  (6,490)
Operating income (loss)$ 233,448$ 72,781$ 20,688$ 4,950$ (63,107)$ -$ 268,760
               
Intersegment revenues$ -$ 1,084$ -$ 15,574$ -$ -$ 16,658
Capital expenditures$ 14,313$ 17,073$ 42,049$ 816$ 5,178$ -$ 79,429
Share-based compensation expense$ 1,034$ 1,903$ 792$ -$ 2,523$ -$ 6,252
Nine Months Ended September 30, 2012
Revenue$ 2,263,308$ 935,850$ 1,207,900$ 191,909$ -$ (48,419)$ 4,550,548
Direct operating expenses  642,570  433,716  760,566  18,855  -  (9,652)  1,846,055
Selling, general and administrative expenses  743,991  151,996  270,926  113,460  -  (38,767)  1,241,606
Depreciation and amortization  202,935  141,702  149,485  34,871  10,562  -  539,555
Corporate expenses  -  -  -  -  211,167  -  211,167
Other operating income - net  -  -  -  -  47,159  -  47,159
Operating income (loss)$ 673,812$ 208,436$ 26,923$ 24,723$ (174,570)$ -$ 759,324
                
Intersegment revenues$ -$ 1,084$ -$ 47,335$ -$ -$ 48,419
Capital expenditures$ 43,711$ 84,749$ 97,147$ 11,817$ 23,057$ -$ 260,481
Share-based compensation expense$ 3,834$ 5,065$ 3,791$ -$ 7,400$ -$ 20,090

(In thousands) CCME Americas Outdoor Advertising International Outdoor Advertising Other Corporate and other reconciling items Eliminations Consolidated
Nine Months Ended September 30, 2011
Revenue$ 2,196,075$ 914,800$ 1,273,072$ 170,630$ -$ (46,013)$ 4,508,564
Direct operating expenses  643,317  420,305  794,679  21,341  -  (11,395)  1,868,247
Selling, general and administrative expenses  721,751  149,232  248,800  110,141  -  (34,618)  1,195,306
Depreciation and amortization  201,665  159,061  163,803  38,146  8,209  -  570,884
Corporate expenses  -  -  -  -  163,080  -  163,080
Other operating income - net  -  -  -  -  13,453  -  13,453
Operating income (loss)$ 629,342$ 186,202$ 65,790$ 1,002$ (157,836)$ -$ 724,500
               
Intersegment revenues$ -$ 2,772$ -$ 43,241$ -$ -$ 46,013
Capital expenditures$ 37,977$ 82,550$ 81,150$ 3,942$ 14,261$ -$ 219,880
Share-based compensation expense$ 3,470$ 5,745$ 2,396$ -$ 2,670$ -$ 14,281