| Schedule of Operating Segment Results |
| During the first quarter of 2015, the Company revised its segment reporting, as discussed in Note 1. The following table presents the company’s reportable segment results for the three months ended March 31, 2015 and 2014. | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | iHM | | Americas Outdoor Advertising | | International Outdoor Advertising | | Other | | Corporate and other reconciling items | | Eliminations | | Consolidated | | Three Months Ended March 31, 2015 | | Revenue | $ | 697,801 | | $ | 295,863 | | $ | 319,180 | | $ | 35,462 | | $ | - | | $ | (3,742) | | $ | 1,344,564 | | Direct operating expenses | | 213,829 | | | 146,234 | | | 216,737 | | | 3,398 | | | - | | | (1,679) | | | 578,519 | | Selling, general and administrative expenses | | 261,349 | | | 55,637 | | | 71,493 | | | 29,772 | | | - | | | (2,063) | | | 416,188 | | Depreciation and amortization | | 60,742 | | | 50,340 | | | 42,441 | | | 7,666 | | | 9,264 | | | - | | | 170,453 | | Corporate expenses | | - | | | - | | | - | | | - | | | 77,288 | | | - | | | 77,288 | | Other operating expense, net | | - | | | - | | | - | | | - | | | (8,974) | | | - | | | (8,974) | | Operating income (loss) | $ | 161,881 | | $ | 43,652 | | $ | (11,491) | | $ | (5,374) | | $ | (95,526) | | $ | - | | $ | 93,142 | | Intersegment revenues | $ | - | | $ | 1,101 | | $ | - | | $ | 2,641 | | $ | - | | $ | - | | $ | 3,742 | | Capital expenditures | $ | 11,913 | | $ | 16,695 | | $ | 25,105 | | $ | 1,051 | | $ | 1,691 | | $ | - | | $ | 56,455 | | Share-based compensation expense | $ | - | | $ | - | | $ | - | | $ | - | | $ | 2,524 | | $ | - | | $ | 2,524 | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2014 | | Revenue | $ | 670,347 | | $ | 290,610 | | $ | 344,641 | | $ | 41,495 | | $ | - | | $ | (4,545) | | $ | 1,342,548 | | Direct operating expenses | | 211,946 | | | 143,364 | | | 238,149 | | | 6,388 | | | - | | | (2,159) | | | 597,688 | | Selling, general and administrative expenses | | 253,345 | | | 56,368 | | | 76,581 | | | 30,728 | | | - | | | (2,386) | | | 414,636 | | Depreciation and amortization | | 60,324 | | | 49,712 | | | 48,331 | | | 8,719 | | | 7,785 | | | - | | | 174,871 | | Corporate expenses | | - | | | - | | | - | | | - | | | 72,705 | | | - | | | 72,705 | | Other operating income, net | | - | | | - | | | - | | | - | | | 165 | | | - | | | 165 | | Operating income (loss) | $ | 144,732 | | $ | 41,166 | | $ | (18,420) | | $ | (4,340) | | $ | (80,325) | | $ | - | | $ | 82,813 | | Intersegment revenues | $ | - | | $ | 976 | | $ | - | | $ | 3,569 | | $ | - | | $ | - | | $ | 4,545 | | Capital expenditures | $ | 10,292 | | $ | 16,444 | | $ | 20,862 | | $ | 1,807 | | $ | 18,003 | | $ | - | | $ | 67,408 | | Share-based compensation expense | $ | - | | $ | - | | $ | - | | $ | - | | $ | 3,036 | | $ | - | | $ | 3,036 |
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