XML 96 R85.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Statements of Operations, Captions [Line Items]        
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
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 (loss) 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 (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 54.8 1.7 59.1 3.3
Benefit (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
Total other comprehensive income (loss), net of tax 2.5 (5.8) 4.3 (10.9)
Total comprehensive income (loss) 52.8 (11.0) 60.7 (7.0)
Eliminations        
Condensed Statements of Operations, Captions [Line Items]        
Billboard 0.0 0.0 0.0 0.0
Transit and other 0.0 0.0 0.0 0.0
Total revenues 0.0 0.0 0.0 0.0
Operating 0.0 0.0 0.0 0.0
Selling, general and administrative 0.0 0.0 0.0 0.0
Restructuring charges   0.0 0.0 0.0
Net (gain) loss on dispositions 0.0 0.0 0.0 0.0
Impairment charge   0.0   0.0
Depreciation 0.0 0.0 0.0 0.0
Amortization 0.0 0.0 0.0 0.0
Total expenses 0.0 0.0 0.0 0.0
Operating income (loss) 0.0 0.0 0.0 0.0
Interest expense, net 0.0 0.0 0.0 0.0
Other income (expense), net   0.0 0.0 0.0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 0.0 0.0 0.0 0.0
Benefit (provision) for income taxes 0.0 0.0 0.0 0.0
Equity in earnings of investee companies, net of tax (103.8) 56.4 (114.5) 36.5
Net income (loss) (103.8) 56.4 (114.5) 36.5
Total other comprehensive income (loss), net of tax (9.5) 17.4 (15.7) 32.7
Total comprehensive income (loss) (113.3) 73.8 (130.2) 69.2
Parent Company        
Condensed Statements of Operations, Captions [Line Items]        
Billboard 0.0 0.0 0.0 0.0
Transit and other 0.0 0.0 0.0 0.0
Total revenues 0.0 0.0 0.0 0.0
Operating 0.0 0.0 0.0 0.0
Selling, general and administrative 0.4 0.4 0.8 0.8
Restructuring charges   0.0 0.0 0.0
Net (gain) loss on dispositions 0.0 0.0 0.0 0.0
Impairment charge   0.0   0.0
Depreciation 0.0 0.0 0.0 0.0
Amortization 0.0 0.0 0.0 0.0
Total expenses 0.4 0.4 0.8 0.8
Operating income (loss) (0.4) (0.4) (0.8) (0.8)
Interest expense, net 0.0 0.0 0.0 0.0
Other income (expense), net   0.0 0.0 0.0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies (0.4) (0.4) (0.8) (0.8)
Benefit (provision) for income taxes 0.0 0.0 0.0 0.0
Equity in earnings of investee companies, net of tax 50.7 (4.8) 57.2 4.7
Net income (loss) 50.3 (5.2) 56.4 3.9
Total other comprehensive income (loss), net of tax 2.5 (5.8) 4.3 (10.9)
Total comprehensive income (loss) 52.8 (11.0) 60.7 (7.0)
Subsidiary Issuer        
Condensed Statements of Operations, Captions [Line Items]        
Billboard 0.0 0.0 0.0 0.0
Transit and other 0.0 0.0 0.0 0.0
Total revenues 0.0 0.0 0.0 0.0
Operating 0.0 0.0 0.0 0.0
Selling, general and administrative 0.0 0.0 0.1 0.1
Restructuring charges   0.0 0.0 0.0
Net (gain) loss on dispositions 0.0 0.0 0.0 0.0
Impairment charge   0.0   0.0
Depreciation 0.0 0.0 0.0 0.0
Amortization 0.0 0.0 0.0 0.0
Total expenses 0.0 0.0 0.1 0.1
Operating income (loss) 0.0 0.0 (0.1) (0.1)
Interest expense, net (31.9) (29.4) (62.2) (58.0)
Other income (expense), net   0.0 0.0 0.0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies (31.9) (29.4) (62.3) (58.1)
Benefit (provision) for income taxes 0.0 0.0 0.0 0.0
Equity in earnings of investee companies, net of tax 82.6 24.6 119.5 62.8
Net income (loss) 50.7 (4.8) 57.2 4.7
Total other comprehensive income (loss), net of tax 2.5 (5.8) 4.3 (10.9)
Total comprehensive income (loss) 53.2 (10.6) 61.5 (6.2)
Guarantor Subsidiaries        
Condensed Statements of Operations, Captions [Line Items]        
Billboard 284.4 262.3 520.4 488.5
Transit and other 150.4 117.7 268.8 214.1
Total revenues 434.8 380.0 789.2 702.6
Operating 227.1 198.5 432.0 382.7
Selling, general and administrative 77.4 68.1 147.3 131.0
Restructuring charges   0.2 0.3 1.3
Net (gain) loss on dispositions 0.3 (2.7) (1.2) (2.9)
Impairment charge   0.0   0.0
Depreciation 18.8 17.8 37.2 35.5
Amortization 25.2 22.9 47.8 43.6
Total expenses 348.8 304.8 663.4 591.2
Operating income (loss) 86.0 75.2 125.8 111.4
Interest expense, net (0.7) (0.9) (1.7) (1.8)
Other income (expense), net   0.0 0.0 0.0
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 85.3 74.3 124.1 109.6
Benefit (provision) for income taxes (6.4) (3.8) (6.6) (2.5)
Equity in earnings of investee companies, net of tax (28.2) (75.3) (60.3) (102.4)
Net income (loss) 50.7 (4.8) 57.2 4.7
Total other comprehensive income (loss), net of tax 2.5 (5.8) 4.3 (10.9)
Total comprehensive income (loss) 53.2 (10.6) 61.5 (6.2)
Non-Guarantor Subsidiaries        
Condensed Statements of Operations, Captions [Line Items]        
Billboard 21.4 18.1 36.4 31.2
Transit and other 3.7 3.6 6.0 5.8
Total revenues 25.1 21.7 42.4 37.0
Operating 13.2 13.5 25.2 26.4
Selling, general and administrative 3.7 1.6 6.6 2.8
Restructuring charges   0.0 0.0 0.0
Net (gain) loss on dispositions 0.1 0.0 0.1 0.0
Impairment charge   42.9   42.9
Depreciation 2.6 3.5 5.3 6.9
Amortization 2.4 2.1 4.5 3.9
Total expenses 22.0 63.6 41.7 82.9
Operating income (loss) 3.1 (41.9) 0.7 (45.9)
Interest expense, net (1.3) (0.7) (2.7) (1.2)
Other income (expense), net   (0.2) 0.1 (0.3)
Income (loss) before benefit (provision) for income taxes and equity in earnings of investee companies 1.8 (42.8) (1.9) (47.4)
Benefit (provision) for income taxes 0.2 (4.3) 1.4 1.1
Equity in earnings of investee companies, net of tax 0.4 0.3 0.6 0.4
Net income (loss) 2.4 (46.8) 0.1 (45.9)
Total other comprehensive income (loss), net of tax 4.5 (5.8) 7.1 (10.9)
Total comprehensive income (loss) $ 6.9 $ (52.6) $ 7.2 $ (56.8)