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Statement of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues [Abstract]        
Billboard $ 237.2 $ 239.1 $ 690.2 $ 685.8
Transit and other 99.3 99.1 268.6 264.3
Total revenues 336.5 338.2 958.8 950.1
Expenses:        
Operating 177.2 170.9 512.3 504.5
Selling, general and administrative 55.1 53.8 161.1 146.8
Restructuring charges 6.2 [1] 0 [1] 6.2 [1] 0 [1]
Acquisition costs 1.4 [1] 0 [1] 1.4 [1] 0 [1]
Net gain on dispositions (0.5) (0.1) (1.4) (9.8)
Depreciation 26.7 26.4 79.3 78.3
Amortization 22.8 22.6 67.3 68.2
Total expenses 288.9 273.6 826.2 788.0
Operating income 47.6 64.6 132.6 162.1
Interest income (expense), net (26.3) 0.1 (57.3) 0
Other income (expense), net 0 0.2 (0.5) 0
Income before benefit (provision) for income taxes and equity in earnings of investee companies 21.3 64.9 74.8 162.1
Benefit (provision) for income taxes 226.4 (28.5) 202.9 (70.5)
Equity in earnings of investee companies, net of tax 0.6 0.8 1.4 1.9
Net income $ 248.3 $ 37.2 $ 279.1 $ 93.5
Net income per common share:        
Basic $ 2.07 $ 0.31 $ 2.49 $ 0.83
Diluted $ 2.06 $ 0.31 $ 2.47 $ 0.83
Weighted average shares outstanding:        
Basic 120.0 120.0 112.3 112.3
Diluted 120.7 120.7 112.8 112.8
Dividends declared per common share $ 0.37 $ 0.00 $ 0.74 $ 0.00
[1] Restructuring charges (including stock-based compensation of $3.5 million), costs related to the Acquisition and stock-based compensation are classified as Corporate expense.