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v3.2.0.727

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Revenues [Abstract] |  |  |  |
Billboard | $ 280.1 | $ 244.2 | $ 527.0 | $ 449.3
Transit and other | 104.6 | 90.2 | 201.6 | 173.0
Total revenues | 384.7 | 334.4 | 728.6 | 622.3
Expenses: |  |  |  |
Operating | 206.4 | 171.6 | 405.2 | 335.1
Selling, general and administrative | 63.6 | 55.4 | 125.3 | 106.0
Restructuring charges | 2.0 | 0.0 | 2.6 | 0.0
Net (gain) loss on dispositions | 0.9 | 0.0 | 0.6 | (0.9)
Depreciation | 28.0 | 26.5 | 56.7 | 52.6
Amortization | 29.2 | 22.6 | 57.0 | 44.5
Total expenses | 330.1 | 276.1 | 647.4 | 537.3
Operating income | 54.6 | 58.3 | 81.2 | 85.0
Interest expense, net | (28.9) | (18.5) | (56.7) | (31.0)
Other expense, net | (0.1) | 0.0 | 0.0 | (0.5)
Income (loss) before provision for income taxes and equity in earnings of investee companies | 25.6 | 39.8 | 24.5 | 53.5
Provision for income taxes | (4.5) | (17.6) | (3.1) | (23.5)
Equity in earnings of investee companies, net of tax | 1.1 | 0.2 | 1.9 | 0.8
Net income | $ 22.2 | $ 22.4 | $ 23.3 | $ 30.8
Net income per common share: |  |  |  |
Basic (in dollars per share) | $ 0.16 | $ 0.19 | $ 0.17 | $ 0.28
Diluted (in dollars per share) | $ 0.16 | $ 0.19 | $ 0.17 | $ 0.28
Weighted average shares outstanding: |  |  |  |
Basic (in shares) | 137.4 | 119.7 | 137.1 | 108.4
Diluted (in shares) | 137.8 | 119.9 | 137.6 | 108.6
Dividends declared per common share (in dollars per share) | $ 0.34 | $ 0.37 | $ 0.74 | $ 0.37

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