XML 50 R40.htm IDEA: XBRL DOCUMENT v3.22.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

The following tables set forth our financial performance by segment.

												Three Months Ended
												March 31,
(in millions)																		2022						2021
Revenues:
U.S. Media																		$	354.2					$	245.4
Other																		19.3						13.8
Total revenues																		$	373.5					$	259.2

Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income

												Three Months Ended
												March 31,
(in millions)																		2022						2021
Net income (loss) before allocation to non-controlling interests																		$	0.1					$	(67.6)
Benefit for income taxes																		(2.1)						(4.7)
Equity in earnings of investee companies, net of tax																		(0.3)						0.4
Interest expense, net																		30.7						34.6
Loss on extinguishment of debt																		—						6.3
Other loss, net																		0.1						—
Operating income (loss)																		28.5						(31.0)
Net gain on dispositions																		(0.3)						(0.3)
Depreciation and amortization																		34.1						36.4
Stock-based compensation																		7.9						6.0
Total Adjusted OIBDA																		$	70.2					$	11.1
Adjusted OIBDA:
U.S. Media																		$	80.1					$	24.6
Other(a)																		0.6						(2.0)
Corporate																		(10.5)						(11.5)
Total Adjusted OIBDA																		$	70.2					$	11.1

Tabular Disclosure by Reportable Segments

												Three Months Ended
												March 31,
(in millions)																		2022						2021
Operating income (loss):
U.S. Media																		$	49.3					$	(8.6)
Other																		(2.4)						(4.9)
Corporate																		(18.4)						(17.5)
Total operating income (loss)																		$	28.5					$	(31.0)
Net gain on dispositions:
U.S. Media																		$	(0.3)					$	(0.3)
Total gain on dispositions																		$	(0.3)					$	(0.3)
Depreciation and amortization:
U.S. Media																		$	31.1					$	33.5
Other																		3.0						2.9
Total depreciation and amortization																		$	34.1					$	36.4
Capital expenditures:
U.S. Media																		$	16.1					$	8.9
Other																		0.8						0.5
Total capital expenditures																		$	16.9					$	9.4

Reconciliation of Assets from Segment to Consolidated

						As of
(in millions)						March 31, 2022						December 31, 2021
Assets:
U.S. Media						$	5,275.6					$	5,280.7
Other						250.0						248.1
Corporate						317.4						395.9
Total assets						$	5,843.0					$	5,924.7

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration