CCO » Topics » Capital Expenditures

These excerpts taken from the CCO 8-K filed Dec 11, 2009.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Year Ended December 31,
     2008
Combined
   2007
Pre-Merger
   2006
Pre-Merger

Non-revenue producing

   $ 85.4    $ 81.4    $ 80.0

Revenue producing

     272.9      194.3      153.9
                    

Total capital expenditures

   $ 358.3    $ 275.7    $ 233.9
                    

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through: (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Year Ended December 31,    Nine Months Ended September 30,
     2008
Combined
   2007
Pre-Merger
   2006
Pre-Merger
   2009
Post-Merger
   2008
Combined

Non-revenue producing

   $ 85.4    $ 81.4    $ 80.0    $ 27.8    $ 59.2

Revenue producing

     272.9      194.3      153.9      86.2      178.7
                                  

Total capital expenditures

   $ 358.3    $ 275.7    $ 233.9    $ 114.0    $ 237.9
                                  

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

This excerpt taken from the CCO 10-Q filed May 11, 2009.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

     Three Months Ended
March 31,
(In millions)    2009
Post-merger
   2008
Pre-merger

Non-revenue producing

   $ 8.5    $ 23.0

Revenue producing

     28.7      50.3
             

Total capital expenditures

   $ 37.2    $ 73.3
             

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition.

 

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This excerpt taken from the CCO DEF 14A filed Apr 30, 2009.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

      Year Ended December 31,
(In millions)    2008
Combined
   2007
Pre-Merger
   2006
Pre-Merger

Non-revenue producing

   $ 85.4    $ 81.4    $ 80.0

Revenue producing

     272.9      194.3      153.9
                    

Total capital expenditures

   $ 358.3    $ 275.7    $ 233.9
                    

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through: (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the

 

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advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

This excerpt taken from the CCO 10-K filed Mar 2, 2009.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

     Year Ended December 31,
(In millions)    2008
Combined
   2007
Pre-Merger
   2006
Pre-Merger

Non-revenue producing

   $ 85.4    $ 81.4    $ 80.0

Revenue producing

     272.9      194.3      153.9
                    

Total capital expenditures

   $ 358.3    $ 275.7    $ 233.9
                    

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through: (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

 

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This excerpt taken from the CCO 10-Q filed Nov 10, 2008.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Nine Months Ended September 30,
     2008    2007

Non-revenue producing

   $ 59.2    $ 53.7

Revenue producing

     178.7      111.5
             

Total capital expenditures

   $ 237.9    $ 165.2
             
This excerpt taken from the CCO 10-Q filed Aug 11, 2008.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Six Months Ended June 30,
         2008            2007    

Non-revenue producing

   $ 43.4    $ 36.8

Revenue producing

     129.9      75.3
             

Total capital expenditures

   $ 173.3    $ 112.1
             
This excerpt taken from the CCO 10-Q filed May 9, 2008.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Three Months Ended March 31,
     2008    2007

Non-revenue producing

   $ 23.0    $ 17.9

Revenue producing

     50.3      29.4
             

Total capital expenditures

   $ 73.3    $ 47.3
             
This excerpt taken from the CCO DEF 14A filed Apr 7, 2008.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Year Ended December 31,
     2007    2006    2005

Non-revenue producing

   $ 81.4    $ 80.0    $ 78.1

Revenue producing

     194.3      153.9      130.1
                    

Total capital expenditures

   $ 275.7    $ 233.9    $ 208.2
                    

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition. Capital expenditures increased $41.8 million in 2007 as compared to 2006 primarily due to the installation of digital displays in various markets across the United States. Capital expenditures increased $25.7 million in 2006 as compared to 2005. The consolidation of Clear Media in 2005 contributed $13.7 million to the increase.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through: (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

These excerpts taken from the CCO 10-K filed Feb 14, 2008.

Capital Expenditures

Our capital expenditures have consisted of the following:

 

(In millions)    Year Ended December 31,
     2007    2006    2005

Non-revenue producing

   $ 81.4    $ 80.0    $ 78.1

Revenue producing

     194.3      153.9      130.1
                    

Total capital expenditures

   $ 275.7    $ 233.9    $ 208.2
                    

We define non-revenue producing capital expenditures as those expenditures required on a recurring basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition. Capital expenditures increased $41.8 million in 2007 as compared to 2006 primarily due to the installation of digital displays in various markets across the United States. Capital expenditures increased $25.7 million in 2006 as compared to 2005. The consolidation of Clear Media in 2005 contributed $13.7 million to the increase.

Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through: (i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

Capital Expenditures

Our capital
expenditures have consisted of the following:

 


















































































(In millions)  Year Ended December 31,
   2007  2006  2005

Non-revenue producing

  $81.4  $80.0  $78.1

Revenue producing

   194.3   153.9   130.1
            

Total capital expenditures

  $275.7  $233.9  $208.2
            

We define non-revenue producing capital expenditures as those expenditures required on a recurring
basis. Revenue producing capital expenditures are discretionary capital investments for new revenue streams, similar to an acquisition. Capital expenditures increased $41.8 million in 2007 as compared to 2006 primarily due to the installation of
digital displays in various markets across the United States. Capital expenditures increased $25.7 million in 2006 as compared to 2005. The consolidation of Clear Media in 2005 contributed $13.7 million to the increase.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:6%">Part of our long-term strategy is to pursue the technology of electronic displays, including flat screens, LCDs and LEDs, as alternatives to traditional
methods of displaying our clients’ advertisements. We are currently installing these technologies in certain markets. We believe cash flow from operations will be sufficient to fund these expenditures because we expect enhanced margins through:
(i) lower cost of production as the advertisements will be digital and controlled by a central computer network, (ii) decreased down time on displays because the advertisements will be digitally changed rather than manually posted paper or
vinyl on the face of the display, and (iii) incremental revenue through more targeted and time specific advertisements.

This excerpt taken from the CCO 10-Q filed Nov 9, 2007.

Capital Expenditures

Capital expenditures were $165.2 million and $164.0 million in the nine months ended September 30, 2007 and 2006, respectively.

 

(In millions)    Nine Months Ended September 30,
     2007    2006

Non-revenue producing

   $ 53.7    $ 58.3

Revenue producing

     111.5      105.7
             

Total capital expenditures

   $ 165.2    $ 164.0
             
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