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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues [Abstract]        
Billboard $ 278.3 $ 239.7 $ 805.3 $ 689.0
Transit and other 108.4 96.8 310.0 269.8
Total revenues 386.7 336.5 1,115.3 958.8
Expenses:        
Operating 209.3 177.2 614.5 512.3
Selling, general and administrative 67.2 55.1 192.5 161.1
Restructuring charges 0.0 6.2 2.6 6.2
Acquisition costs [1] 0.0 1.4 0.0 1.4
Net (gain) loss on dispositions 0.0 (0.5) 0.6 (1.4)
Depreciation 28.4 26.7 85.1 79.3
Amortization 29.1 22.8 86.1 67.3
Total expenses 334.0 288.9 981.4 826.2
Operating income 52.7 47.6 133.9 132.6
Interest expense, net (28.9) (26.3) (85.6) (57.3)
Other expense, net (0.4) 0.0 (0.4) (0.5)
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 23.4 21.3 47.9 74.8
Benefit (provision) for income taxes (3.9) 226.4 (7.0) 202.9
Equity in earnings of investee companies, net of tax 1.7 0.6 3.6 1.4
Net income $ 21.2 $ 248.3 $ 44.5 $ 279.1
Net income per common share:        
Basic (in dollars per share) $ 0.15 $ 2.07 $ 0.32 $ 2.49
Diluted (in dollars per share) $ 0.15 $ 2.06 $ 0.32 $ 2.47
Weighted average shares outstanding:        
Basic (in shares) 137.5 120.0 137.3 112.3
Diluted (in shares) 137.9 120.7 137.8 112.8
Dividends declared per common share (in dollars per share) $ 0.34 $ 0.37 $ 1.08 $ 0.74
[1] Stock-based compensation and costs related to the Acquisition are classified as Corporate expenses.