XML 54 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Billboard $ 312.0 $ 290.6 $ 868.8 $ 810.3
Transit and other 150.5 123.6 425.3 343.5
Total revenues 462.5 414.2 1,294.1 1,153.8
Expenses:        
Operating 245.5 215.3 702.7 624.4
Selling, general and administrative 82.3 74.4 237.1 209.1
Restructuring charges 0.0 0.1 0.3 1.4
Net gain on dispositions (1.9) (1.3) (3.0) (4.2)
Impairment charge 0.0 0.0 0.0 42.9
Depreciation 22.4 21.0 64.9 63.4
Amortization 28.7 25.8 81.0 73.3
Total expenses 377.0 335.3 1,083.0 1,010.3
Operating income 85.5 78.9 211.1 143.5
Interest expense, net (33.9) (32.0) (100.5) (93.0)
Loss on extinguishment of debt (11.0) 0.0 (11.0) 0.0
Other income (expense), net 0.0 0.2 0.1 (0.1)
Income before provision for income taxes and equity in earnings of investee companies 40.6 47.1 99.7 50.4
Provision for income taxes (3.3) (1.0) (8.5) (2.4)
Equity in earnings of investee companies, net of tax 1.4 0.7 3.9 2.7
Net income $ 38.7 $ 46.8 $ 95.1 $ 50.7
Net income per common share:        
Basic (in dollars per share) $ 0.27 $ 0.33 $ 0.66 $ 0.35
Diluted (in dollars per share) $ 0.27 $ 0.33 $ 0.66 $ 0.35
Weighted average shares outstanding:        
Basic (in shares) 143.4 139.3 142.1 139.1
Diluted (in shares) 144.2 141.5 142.7 139.4