v3.24.0.1
OTHER INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of Restricted Cash and Cash Equivalents
The following table reconciles cash and cash equivalents reported in the Consolidated Balance Sheets to cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows:
(In thousands)December 31, 2023December 31, 2022
Cash and cash equivalents in the Balance Sheets$251,652 $282,232 
Cash and cash equivalents included in Current assets of discontinued operations
651 5,118 
Restricted cash included in:
Other current assets3,051 1,953 
Current assets of discontinued operations
724 1,322 
Other assets4,463 4,149 
Other assets of discontinued operations— 3,908 
Total cash, cash equivalents and restricted cash in the Statements of Cash Flows$260,541 $298,682 
Schedule of Accounts Receivable
The following table discloses the components of “Accounts receivable, net” as reported in the Consolidated Balance Sheets:
(In thousands)December 31, 2023December 31, 2022
Accounts receivable$514,891 $467,776 
Less: Allowance for credit losses(15,080)(14,093)
Accounts receivable, net$499,811 $453,683 
Credit loss expense (reversal) related to accounts receivable of continuing operations was $3.8 million, $5.7 million, and $(3.0) million during 2023, 2022, and 2021, respectively. The net credit loss reversal in 2021 was driven by our recovery from COVID-19.
Schedule of Accrued Expenses
The following table discloses the components of “Accrued expenses” as of December 31, 2023 and 2022, respectively:
(In thousands)As of December 31,
20232022
Accrued rent$114,489 $86,892 
Accrued employee compensation and benefits73,422 86,630 
Accrued taxes51,209 37,590 
Accrued agency commissions and incentives
42,736 31,675 
Accrued other103,764 87,963 
Total accrued expenses$385,620 $330,750 
Schedule of Components of Other Income (Expense)
The following table discloses the components of “Other income (expense), net” for 2023, 2022 and 2021:
(In thousands)
Year Ended December 31,
202320222021
Foreign exchange gain (loss)$11,895 $(39,666)$(3,062)
Equity in earnings of nonconsolidated affiliates1,743 1,943 176 
Other(1)
(7,235)663 1,244 
Total other income (expense), net$6,403 $(37,060)$(1,642)
(1)In 2023, Other primarily consists of expenses related to the CCOH 9.000% Senior Secured Notes issuance and Term Loan Facility prepayment, described further in Note 6, and fair value adjustments of financial assets. This is partially offset by net periodic pension benefit, described further in Note 14.