Schedule of Quarterly Results of Operations (Unaudited) |
| | Three Months Ended
March 31, | | Three Months Ended
June 30, | | Three Months Ended
September 30, | | Three Months Ended
December 31, | | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | | 2013 | | 2012 | Revenue | $ 1,343,058 | | $ 1,360,723 | | $ 1,618,097 | | $ 1,602,494 | | $ 1,587,522 | | $ 1,587,331 | | $ 1,694,367 | | $ 1,696,336 | Operating expenses: | | | | | | | | | | | | | | | | | Direct operating expenses | 594,817 | | 608,571 | | 630,357 | | 602,803 | | 646,113 | | 633,770 | | 672,132 | | 649,097 | | Selling, general and
administrative expenses | 403,363 | | 426,083 | | 411,341 | | 401,479 | | 411,354 | | 407,501 | | 423,803 | | 431,355 | | Corporate expenses | 83,763 | | 72,606 | | 77,557 | | 72,094 | | 92,204 | | 73,921 | | 70,658 | | 78,745 | | Depreciation and
amortization | 182,182 | | 175,366 | | 179,734 | | 181,839 | | 177,330 | | 182,350 | | 191,582 | | 189,730 | | Impairment charges | - | | - | | - | | - | | - | | - | | 16,970 | | 37,651 | | Other operating income, net | 2,395 | | 3,124 | | 1,113 | | 1,917 | | 6,186 | | 42,118 | | 13,304 | | 968 | Operating income | 81,328 | | 81,221 | | 320,221 | | 346,196 | | 266,707 | | 331,907 | | 332,526 | | 310,726 | Interest expense | 385,525 | | 374,016 | | 407,508 | | 385,867 | | 438,404 | | 388,210 | | 418,014 | | 400,930 | Gain (loss) on
marketable securities | - | | - | | 130,898 | | - | | 31 | | - | | (50) | | (4,580) | Equity in earnings (loss) of
nonconsolidated affiliates | 3,641 | | 3,555 | | 5,971 | | 4,696 | | 3,983 | | 3,663 | | (91,291) | | 6,643 | Loss on extinguishment
of debt | (3,888) | | (15,167) | | - | | - | | - | | - | | (83,980) | | (239,556) | Other income (expense), net | (1,000) | | (1,106) | | (18,098) | | (1,397) | | 1,709 | | 824 | | (4,591) | | 1,929 | Income (loss) before
income taxes | (305,444) | | (305,513) | | 31,484 | | (36,372) | | (165,974) | | (51,816) | | (265,400) | | (325,768) | Income tax benefit (expense) | 96,325 | | 157,398 | | (11,477) | | 8,663 | | 73,802 | | 13,232 | | (36,833) | | 128,986 | Consolidated net
income (loss) | (209,119) | | (148,115) | | 20,007 | | (27,709) | | (92,172) | | (38,584) | | (302,233) | | (196,782) | Less amount attributable to
noncontrolling interest | (6,116) | | (4,486) | | 12,805 | | 11,316 | | 9,683 | | 11,977 | | 6,994 | | (5,518) | Net income (loss)
attributable to the Company | $ (203,003) | | $ (143,629) | | $ 7,202 | | $ (39,025) | | $ (101,855) | | $ (50,561) | | $ (309,227) | | $ (191,264) | | Net income (loss) to the Company per common share: | | | | | | | | | | | | Basic | $ (2.47) | | $ (1.83) | | $ 0.09 | | $ (0.48) | | $ (1.22) | | $ (0.61) | | $ (3.70) | | $ (2.31) | | Diluted | $ (2.47) | | $ (1.83) | | $ 0.09 | | $ (0.48) | | $ (1.22) | | $ (0.61) | | $ (3.70) | | $ (2.31) | | The Company's Class A common shares are quoted for trading on the OTC Bulletin Board under the symbol CCMO. |
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