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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Billboard $ 305.8 $ 280.4 $ 556.8 $ 519.7
Transit and other 154.1 121.3 274.8 219.9
Total revenues 459.9 401.7 831.6 739.6
Expenses:        
Operating 240.3 212.0 457.2 409.1
Selling, general and administrative 81.5 70.1 154.8 134.7
Restructuring charges 0.0 0.2 0.3 1.3
Net (gain) loss on dispositions 0.4 (2.7) (1.1) (2.9)
Impairment charge 0.0 42.9 0.0 42.9
Depreciation 21.4 21.3 42.5 42.4
Amortization 27.6 25.0 52.3 47.5
Total expenses 371.2 368.8 706.0 675.0
Operating income 88.7 32.9 125.6 64.6
Interest expense, net (33.9) (31.0) (66.6) (61.0)
Other income (expense), net 0.0 (0.2) 0.1 (0.3)
Income before provision for income taxes and equity in earnings of investee companies 54.8 1.7 59.1 3.3
Provision for income taxes (6.2) (8.1) (5.2) (1.4)
Equity in earnings of investee companies, net of tax 1.7 1.2 2.5 2.0
Net income (loss) $ 50.3 $ (5.2) $ 56.4 $ 3.9
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.35 $ (0.04) $ 0.39 $ 0.02
Diluted (in dollars per share) $ 0.35 $ (0.04) $ 0.39 $ 0.02
Weighted average shares outstanding:        
Basic (in shares) 142.3 139.2 141.5 139.0
Diluted (in shares) 142.9 139.2 142.0 139.3