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SEGMENT DATA
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
As described in Note 1, the Company has four reportable segments, which it believes best reflect how the Company is currently managed: America, Airports, Europe-North and Europe-South. The Company's remaining operations in Latin America and Singapore are disclosed as “Other.” As the Company’s Europe-South segment met the criteria to be reported as discontinued operations during 2023, results of this segment are excluded from the table below, which only reflects continuing operations, for all periods presented.
While each segment provides out-of-home advertising to customers using various digital and traditional display types, they vary based on geographic area of operations and, in some cases, the form of display:
•The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.
•The Airports segment provides out-of-home advertising around and within airports in the U.S. and Caribbean.
•The Europe-North segment serves markets in 12 countries throughout northern and central Europe, including the U.K., Sweden, Belgium, Norway, Finland, the Netherlands, Denmark, Ireland, Poland, Estonia, Latvia and Lithuania. Approximately half of this segment’s revenue is generated from street furniture displays, while the remainder comes from retail displays, transit displays and billboards.
Segment Adjusted EBITDA is the profitability metric reported to the Company’s CODM for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment. Segment Adjusted EBITDA is calculated as revenue less direct operating expenses and selling, general and administrative expenses, excluding restructuring and other costs, which are defined as costs associated with cost-saving initiatives such as severance, consulting and termination costs and other special costs. Segment information for total assets is not presented as this information is not used by the Company’s CODM in measuring segment performance or allocating resources between segments.
The following table presents the Company’s reportable segment results for continuing operations for 2023, 2022 and 2021:
(In thousands)Year Ended December 31,
 202320222021
Revenue
America$1,100,846 $1,105,552 $1,013,290 
Airports311,605 256,402 160,330 
Europe-North619,557 566,119 517,990 
Other
95,132 85,955 77,148 
Total$2,127,140 $2,014,028 $1,768,758 
Capital Expenditures(1)
America$75,431 $79,529 $56,898 
Airports20,050 25,298 11,600 
Europe-North29,284 34,025 36,914 
Other
6,421 4,571 4,884 
Corporate13,600 12,245 12,348 
Total$144,786 $155,668 $122,644 
Segment Adjusted EBITDA
America$468,370 $499,390 $463,410 
Airports68,226 60,864 36,894 
Europe-North114,303 103,654 53,981 
Other
14,974 12,330 4,884 
Total$665,873 $676,238 $559,169 
(In thousands)Year Ended December 31,
 202320222021
Reconciliation of Segment Adjusted EBITDA to Loss From Continuing Operations Before Income Taxes
Segment Adjusted EBITDA$665,873 $676,238 $559,169 
Less reconciling items:
Corporate expenses(2)
172,324 161,852 158,241 
Depreciation and amortization241,828 217,835 213,098 
Impairment charges— 22,676 118,950 
Restructuring and other costs(3)
3,062 1,778 7,074 
Other operating expense, net11,769 2,133 3,014 
Interest expense, net421,434 360,599 348,995 
(Gain) loss on extinguishment of debt
(3,817)— 102,757 
Other (income) expense, net
(6,403)37,060 1,642 
Loss from continuing operations before income taxes$(174,324)$(127,695)$(394,602)
(1)In addition to payments that occurred during the period for capital expenditures, the Company had $14.7 million, $20.3 million and $19.0 million of accrued capital expenditures related to continuing operations that remained unpaid as of December 31, 2023, 2022, and 2021, respectively.
(2)Corporate expenses include expenses related to infrastructure and support, including information technology, human resources, legal (including legal liabilities and related estimates), finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based compensation and certain restructuring and other costs are recorded in corporate expenses.
(3)The restructuring and other costs line item in this reconciliation excludes those restructuring and other costs related to corporate functions, which are included with the Corporate expenses line item.