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These excerpts taken from the CCO 8-K filed Dec 11, 2009. Financing Activities 2008 Net cash used in financing activities of $232.8 million for 2008 reflected a net reduction in debt and credit facilities of $67.6 million and net transfers of cash to Clear Channel Communications of $169.2 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the $2.5 billion note payable to Clear Channel Communications. 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the $2.5 billion note payable to Clear Channel Communications.
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2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects a net reduction in debt of $59.7 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the $2.5 billion note payable to Clear Channel Communications. Financing Activities Nine Months Ended September 30, 2009 and 2008 Net cash used in financing activities of $111.0 million for the nine months ended September 30, 2009 includes net transfers of cash to Clear Channel Communications of $86.3 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the $2.5 billion note payable to Clear Channel Communications. In addition, we purchased the remaining 15% interest in our fully consolidated subsidiary, Paneles Napsa S.A., for $13.0 million, and acquired an additional 5% interest in our consolidated subsidiary, Clear Channel Jolly Pubblicita SPA, for $12.1 million. Net cash used in financing activities of $195.0 million for the nine months ended September 30, 2008 reflected a net reduction in debt of $100.2 million and net transfers of cash to Clear Channel Communications of $98.8 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the $2.5 billion note payable to Clear Channel Communications. 2008 Net cash used in financing activities of $232.8 million for 2008 reflected a net reduction in debt and credit facilities of $67.6 million and net transfers of cash to Clear Channel Communications of $169.2 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the CCU Intercompany Note. 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the CCU Intercompany Note. 2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects a net reduction in debt of $59.7 million. The net transfers of cash to Clear Channel Communications represent the activity in the “Due from/to Clear Channel Communications” account. This activity primarily relates to working capital and settlement of interest on the cash management notes and the CCU Intercompany Note.
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This excerpt taken from the CCO 10-Q filed May 11, 2009. Financing Activities: Net cash used in financing activities of $0.5 million for the three months ended March 31, 2009 reflected a net reduction in debt and credit facilities of $1.1 million. Net cash provided by financing activities of $44.1 million for the three months ended March 31, 2008 reflected net transfers from Clear Channel Communications of $113.5 million, partially offset by a net reduction in debt of $71.1 million. This excerpt taken from the CCO DEF 14A filed Apr 30, 2009. Financing Activities 2008 Net cash used in financing activities of $232.8 million for 2008 reflected net transfers of cash to Clear Channel Communications of $169.2 million and a net reduction in debt and credit facilities of $67.6 million. 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. 2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects net reductions in debt of $59.7 million. This excerpt taken from the CCO 10-K filed Mar 2, 2009. Financing Activities 2008 Net cash used in financing activities of $232.8 million for 2008 reflected net transfers of cash to Clear Channel Communications of $169.2 million and a net reduction in debt and credit facilities of $67.6 million. 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. 2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects net reductions in debt of $59.7 million. This excerpt taken from the CCO 10-Q filed Nov 10, 2008. Financing Activities: Net cash used in financing activities of $195.0 million for the nine months ended September 30, 2008 reflected a net reduction in debt and credit facilities of $100.2 million and net transfers of cash to Clear Channel Communications of $98.8 million. Net cash used in financing activities of $224.3 million for the nine months ended September 30, 2007 reflected a net decrease in debt and credit facilities of $70.4 million and a net transfer of cash to Clear Channel Communications of $162.7 million. This excerpt taken from the CCO 10-Q filed Aug 11, 2008. Financing Activities: Net cash used in financing activities of $86.4 million for the six months ended June 30, 2008 reflected a net reduction in debt of $88.8 million and a net transfers of cash to Clear Channel Communications of $1.6 million. Net cash used in financing activities of $103.4 million for the six months ended June 30, 2007 reflected a net decrease in debt and credit facilities of $33.1 million and a net transfer of cash to Clear Channel Communications of $78.8 million.
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Table of ContentsThis excerpt taken from the CCO 10-Q filed May 9, 2008. Financing Activities: Net cash provided by financing activities of $44.1 million for the three months ended March 31, 2008 reflected net transfers from Clear Channel Communications of $113.5 million, partially offset by a net reduction in debt of $71.1 million. Net cash used in financing activities of $33.6 million for the three months ended March 31, 2007 principally related to net reductions in debt of $31.1 million and a net transfer of cash from Clear Channel Communications of $7.8 million. This excerpt taken from the CCO DEF 14A filed Apr 7, 2008. Financing Activities 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. 2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects net reductions in debt of $59.7 million. 2005 Net cash used in financing activities was $77.6 million for the year ended December 31, 2005. Included in cash flow from financing activities are changes in the “Due from Clear Channel Communications” account which relates to cash transfers between our Americas operations and Clear Channel Communications. For the year ended December 31, 2005, we had a net transfer of cash to Clear Channel Communications of approximately $70.0 million. Also included in cash used in financing activities is the $600.6 million in proceeds received from the IPO which was used, along with the balance outstanding in the “Due from Clear Channel Communications” account, to pay off a portion of the $1.4 billion and $73.0 million intercompany notes with Clear Channel Communications. These excerpts taken from the CCO 10-K filed Feb 14, 2008. Financing Activities 2007 Net cash used in financing activities of $305.8 million for 2007 is primarily related to the net transfer of cash to Clear Channel Communications of $302.9 million. 2006 Net cash used in financing activities of $53.2 million for 2006 principally reflects net reductions in debt of $59.7 million. 2005 Net cash used in financing activities was $77.6 million for the year ended December 31, 2005. Included in cash flow from financing activities are changes in the “Due from Clear Channel Communications” account which relates to cash transfers between our Americas operations and Clear Channel Communications. For the year ended December 31, 2005, we had a net transfer of cash to Clear Channel Communications of approximately $70.0 million. Also included in cash used in financing activities is the $600.6 million in proceeds received from the IPO which was used, along with the balance outstanding in the “Due from Clear Channel Communications” account, to pay off a portion of the $1.4 billion and $73.0 million intercompany notes with Clear Channel Communications. Financing Activities 2007 Net cash Net cash used in financing activities of $53.2 million for 2006 principally reflects net 2005
This excerpt taken from the CCO 10-Q filed Nov 9, 2007. Financing Activities: Net cash used in financing activities of $224.3 million for the nine months ended September 30, 2007 reflected a net decrease in debt and credit facilities of $70.4 million and a net transfer of cash to Clear Channel Communications of $162.7 million. Net cash used in financing activities of $5.9 million for the nine months ended September 30, 2006 principally related to a net decrease in debt and credit facilities of $56.1 million, offset by a net transfer of cash from Clear Channel Communications of $50.1. | EXCERPTS ON THIS PAGE:
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