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 investments42571059534865102
Cash and cash equivalents42571059534865102
Restricted cash and investments 221   
Receivables311209290265231222210
Prepaid expense18141614141622
Disposal group, including discontinued operation      5
Deferred tax assets   2
Other current assets12345810815
Other undisclosed current assets1356488736762
Total current assets:777975436430376378417
Noncurrent Assets
Operating lease, right-of-use asset1,4861,4211,457
Property, plant and equipment648634666653662665702
Long-term investments and receivables11111516   
Long-term investments11111516   
Intangible assets, net (including goodwill)2,6932,6252,6342,6172,7092,6352,645
Goodwill2,0782,0782,0832,0802,1282,0892,075
Intangible assets, net (excluding goodwill)615548551537581545571
Regulated entity, other noncurrent assets  2720   
Other noncurrent assets42377369616182
Other undisclosed noncurrent assets2691947424   
Total noncurrent assets:5,1474,9224,9473,3993,4323,3603,429
TOTAL ASSETS:5,9255,8975,3823,8293,8083,7393,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities271228240198180217207
Accounts payable65656868568684
Accrued liabilities1001049064738264
Employee-related liabilities75355647353439
Interest and dividends payable31252619161620
Deferred revenue313029
Debt 8036316080  
Disposal group, including discontinued operation      25
Deferred revenue and credits212021
Other liabilities19211815191513
Other undisclosed current liabilities188177 30   
Total current liabilities:508535650403300252266
Noncurrent Liabilities
Long-term debt and lease obligation3,9293,8733,5072,1502,1452,1372,252
Long-term debt, excluding current maturities2,6212,6212,2222,1502,1452,1372,252
Operating lease, liability1,3081,2521,285
Liabilities, other than long-term debt809885131137117115
Asset retirement obligations36363534353433
Deferred tax liabilities, net1720911
Liability, pension and other postretirement and postemployment benefits 75    
Other liabilities44554680827571
Other undisclosed noncurrent liabilities17713    
Total noncurrent liabilities:4,0273,9783,6062,2812,2822,2542,367
Total liabilities:4,5344,5134,2562,6832,5822,5062,633
Temporary equity, carrying amount383383     
Stockholders' equity
Stockholders' equity attributable to parent9949741,0941,1031,1811,2331,213
Common stock2111111
Additional paid in capital2,1192,0912,0751,9951,9631,9501,934
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 interest13273343460 
Total stockholders' equity:1,0071,0001,1261,1451,2271,2331,213
TOTAL LIABILITIES AND EQUITY:5,9255,8975,3823,8293,8083,7393,845

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
Revenues1,4641,2361,7821,6061,5211,5141,514
Operating lease, lease income1,1419451,150
Operating leases, income statement, lease revenue1,074
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:679380629561496472452
Operating expenses(510)(307)(320)(327)(254)(267)(365)
Operating income:1687330923524220586
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 00(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)14610912591(29)
Income (loss) from equity method investments1(1)64555
Income (loss) from continuing operations before income taxes:33(59)15211313096(24)
Income tax expense (benefit)3(1)(11)(5)(4)(5)(5)
Net income (loss):36(60)14110812691(29)
Net loss attributable to noncontrolling interest(1)(1)(1)    
Net income (loss) available to common stockholders, diluted:36(61)14010812691(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)14110812691(29)
Other comprehensive income (loss)14(0)4(14)11102(4)
Comprehensive income (loss):50(61)14594137193(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)14494137193(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.

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