v3.24.0.1
REVENUE
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of Revenue
The Company’s advertising structures, which may be owned or leased, are used to generate revenue, and such revenue may be classified as revenue from contracts with customers or revenue from leases depending on the terms of the contract, as described in Note 2.
The following table shows revenue from contracts with customers, revenue from leases and total revenue from continuing operations, disaggregated by geography, for 2023, 2022 and 2021:
(In thousands)Revenue from contracts with customersRevenue from
leases		Total Revenue
Year Ended December 31, 2023
  U.S.(1)
$747,959 $664,492 $1,412,451 
Europe(2)
607,214 12,343 619,557 
Other(3)
72,998 22,134 95,132 
     Total$1,428,171 $698,969 $2,127,140 
Year Ended December 31, 2022
  U.S.(1)
$698,250 $663,704 $1,361,954 
Europe(2)
552,190 13,929 566,119 
Other(3)
64,864 21,091 85,955 
     Total$1,315,304 $698,724 $2,014,028 
Year Ended December 31, 2021
  U.S.(1)
$568,231 $605,389 $1,173,620 
Europe(2)
503,398 14,592 517,990 
Other(3)
56,634 20,514 77,148 
     Total$1,128,263 $640,495 $1,768,758 
(1)U.S. revenue, which also includes an immaterial amount of revenue derived from airport displays in the Caribbean, is comprised of revenue from the Company’s America and Airports segments.
(2)Europe revenue is comprised of revenue from the Company’s Europe-North segment. Europe total revenue for 2023, 2022 and 2021 includes revenue from the U.K. of $253.8 million, $229.7 million and $224.7 million, respectively.
(3)Other includes the Company’s businesses in Latin America and Singapore.
Revenue from Contracts with Customers
The following table shows the Company’s beginning and ending accounts receivable and deferred revenue balances from contracts with customers:
(In thousands)Year Ended December 31,
2023(1)
2022
2021
Accounts receivable, net of allowance, from contracts with customers:
  Beginning balance$317,560 $322,789 $214,656 
  Ending balance361,039 317,560 322,789 
Deferred revenue from contracts with customers:
  Beginning balance$23,596 $31,519 $26,042 
  Ending balance25,613 23,596 31,519 
(1)The increases in the accounts receivable and deferred revenue balances from contracts with customers in 2023 were driven by higher sales and billings, primarily in the Company’s Airports segment.
During 2023, 2022 and 2021, respectively, the Company recognized $22.7 million, $30.4 million and $25.5 million of revenue that was included in the deferred revenue from contracts with customers balance at the beginning of the respective year.
The Company’s contracts with customers generally have terms of one year or less. However, as of December 31, 2023, the Company expected to recognize $109.0 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration greater than one year, with the majority of this amount to be recognized over the next five years.
Revenue from Leases
As of December 31, 2023, future lease payments to be received by the Company were as follows:
(In thousands)
Future lease payments to be received:
2024$381,502 
202533,913 
202612,456 
20273,883 
20281,709 
Thereafter2,938 
  Total$436,401 
Note that the future lease payments disclosed are limited to the non-cancelable period of the lease and, for contracts that require the customer to pay a significant fee to terminate the contract such that the customer is considered reasonably certain not to exercise this option, periods beyond the termination option. Payments scheduled for periods beyond a termination option are not included for contracts that allow cancellation by the customer without a significant fee.