OUTFRONT Media Inc. (OUT) financial statements (2022 and earlier)
Company profile
| Business Address |
405 LEXINGTON AVENUE NEW YORK, NY 10174 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| SIC | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 425 | 710 | 59 | 53 | 48 | 65 | 102 | ||
| Cash and cash equivalents | 425 | 710 | 59 | 53 | 48 | 65 | 102 | ||
| Restricted cash and investments | 2 | 2 | 1 | ||||||
| Receivables | 311 | 209 | 290 | 265 | 231 | 222 | 210 | ||
| Prepaid expense | 18 | 14 | 16 | 14 | 14 | 16 | 22 | ||
| Disposal group, including discontinued operation | 5 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | 2 | |||||
| Other current assets | 12 | 34 | 5 | 8 | 10 | 8 | 15 | ||
| Other undisclosed current assets | 13 | 5 | 64 | 88 | 73 | 67 | 62 | ||
| Total current assets: | 777 | 975 | 436 | 430 | 376 | 378 | 417 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,486 | 1,421 | 1,457 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 648 | 634 | 666 | 653 | 662 | 665 | 702 | ||
| Long-term investments and receivables | 11 | 11 | 15 | 16 | |||||
| Long-term investments | 11 | 11 | 15 | 16 | |||||
| Intangible assets, net (including goodwill) | 2,693 | 2,625 | 2,634 | 2,617 | 2,709 | 2,635 | 2,645 | ||
| Goodwill | 2,078 | 2,078 | 2,083 | 2,080 | 2,128 | 2,089 | 2,075 | ||
| Intangible assets, net (excluding goodwill) | 615 | 548 | 551 | 537 | 581 | 545 | 571 | ||
| Regulated entity, other noncurrent assets | 27 | 20 | |||||||
| Other noncurrent assets | 42 | 37 | 73 | 69 | 61 | 61 | 82 | ||
| Other undisclosed noncurrent assets | 269 | 194 | 74 | 24 | |||||
| Total noncurrent assets: | 5,147 | 4,922 | 4,947 | 3,399 | 3,432 | 3,360 | 3,429 | ||
| TOTAL ASSETS: | 5,925 | 5,897 | 5,382 | 3,829 | 3,808 | 3,739 | 3,845 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 271 | 228 | 240 | 198 | 180 | 217 | 207 | ||
| Accounts payable | 65 | 65 | 68 | 68 | 56 | 86 | 84 | ||
| Accrued liabilities | 100 | 104 | 90 | 64 | 73 | 82 | 64 | ||
| Employee-related liabilities | 75 | 35 | 56 | 47 | 35 | 34 | 39 | ||
| Interest and dividends payable | 31 | 25 | 26 | 19 | 16 | 16 | 20 | ||
| Deferred revenue | 31 | 30 | 29 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 80 | 363 | 160 | 80 | |||||
| Disposal group, including discontinued operation | 25 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 21 | 20 | 21 | ||
| Other liabilities | 19 | 21 | 18 | 15 | 19 | 15 | 13 | ||
| Other undisclosed current liabilities | 188 | 177 | 30 | ||||||
| Total current liabilities: | 508 | 535 | 650 | 403 | 300 | 252 | 266 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,929 | 3,873 | 3,507 | 2,150 | 2,145 | 2,137 | 2,252 | ||
| Long-term debt, excluding current maturities | 2,621 | 2,621 | 2,222 | 2,150 | 2,145 | 2,137 | 2,252 | ||
| Operating lease, liability | 1,308 | 1,252 | 1,285 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 80 | 98 | 85 | 131 | 137 | 117 | 115 | ||
| Asset retirement obligations | 36 | 36 | 35 | 34 | 35 | 34 | 33 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 17 | 20 | 9 | 11 | ||
| Liability, pension and other postretirement and postemployment benefits | 7 | 5 | |||||||
| Other liabilities | 44 | 55 | 46 | 80 | 82 | 75 | 71 | ||
| Other undisclosed noncurrent liabilities | 17 | 7 | 13 | ||||||
| Total noncurrent liabilities: | 4,027 | 3,978 | 3,606 | 2,281 | 2,282 | 2,254 | 2,367 | ||
| Total liabilities: | 4,534 | 4,513 | 4,256 | 2,683 | 2,582 | 2,506 | 2,633 | ||
| Temporary equity, carrying amount | 383 | 383 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 994 | 974 | 1,094 | 1,103 | 1,181 | 1,233 | 1,213 | ||
| Common stock | 2 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 2,119 | 2,091 | 2,075 | 1,995 | 1,963 | 1,950 | 1,934 | ||
| Accumulated other comprehensive loss | (4) | (18) | (18) | (22) | (8) | (19) | (121) | ||
| Accumulated deficit | (1,122) | (1,100) | (965) | (872) | (776) | (700) | (602) | ||
| Stockholders' equity attributable to noncontrolling interest | 13 | 27 | 33 | 43 | 46 | 0 | |||
| Total stockholders' equity: | 1,007 | 1,000 | 1,126 | 1,145 | 1,227 | 1,233 | 1,213 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,925 | 5,897 | 5,382 | 3,829 | 3,808 | 3,739 | 3,845 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,464 | 1,236 | 1,782 | 1,606 | 1,521 | 1,514 | 1,514 | |
| Operating lease, lease income | 1,141 | 945 | 1,150 | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 1,074 | ✕ | ✕ | ✕ | |
| Cost of revenue | (785) | (857) | (1,153) | (1,045) | (1,025) | (1,042) | (1,062) | |
| Cost of goods and services sold | (784) | (711) | (959) | (860) | (835) | (818) | (833) | |
| Gross profit: | 679 | 380 | 629 | 561 | 496 | 472 | 452 | |
| Operating expenses | (510) | (307) | (320) | (327) | (254) | (267) | (365) | |
| Operating income: | 168 | 73 | 309 | 235 | 242 | 205 | 86 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 0 | 0 | (0) | 0 | (0) | (0) | ||
| Interest and debt expense | (137) | (131) | (163) | (126) | (117) | (114) | (115) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 32 | (59) | 146 | 109 | 125 | 91 | (29) | |
| Income (loss) from equity method investments | 1 | (1) | 6 | 4 | 5 | 5 | 5 | |
| Income (loss) from continuing operations before income taxes: | 33 | (59) | 152 | 113 | 130 | 96 | (24) | |
| Income tax expense (benefit) | 3 | (1) | (11) | (5) | (4) | (5) | (5) | |
| Net income (loss): | 36 | (60) | 141 | 108 | 126 | 91 | (29) | |
| Net loss attributable to noncontrolling interest | (1) | (1) | (1) | |||||
| Net income (loss) available to common stockholders, diluted: | 36 | (61) | 140 | 108 | 126 | 91 | (29) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 36 | (60) | 141 | 108 | 126 | 91 | (29) | |
| Other comprehensive income (loss) | 14 | (0) | 4 | (14) | 11 | 102 | (4) | |
| Comprehensive income (loss): | 50 | (61) | 145 | 94 | 137 | 193 | (33) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (1) | (1) | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (27) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 49 | (61) | 144 | 94 | 137 | 193 | (60) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.