XML 54 R115.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information - Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Net income before allocation to non-controlling interests                 $ 140.6 $ 107.9 $ 125.8
Provision for income taxes                 10.9 4.9 4.1
Equity in earnings of investee companies, net of tax                 (5.7) (4.1) (4.8)
Interest expense, net                 134.9 125.7 116.9
Loss on extinguishment of debt                 (28.5) 0.0 0.0
Other income (expense), net                 (0.1) 0.4 (0.3)
Operating income (loss) $ 98.0 $ 85.5 $ 88.7 $ 36.9 $ 91.3 $ 78.9 $ 32.9 $ 31.7 309.1 234.8 241.7
Restructuring charges                 0.3 2.1 6.4
Net gain on dispositions (0.8) (1.9) 0.4 (1.5) (1.3) (1.3) (2.7) (0.2) (3.8) (5.5) (14.3)
Impairment charge         0.0 0.0 42.9 [1] 0.0 0.0 42.9 0.0
Depreciation and amortization                 194.5 185.0 189.8
Stock-based compensation 5.9 5.6 5.5 5.3 4.8 4.8 5.6 5.0 22.3 20.2 20.5
Adjusted OIBDA 151.7 140.3 143.6 86.8 143.8 129.3 125.2 81.2 522.4 479.5 444.1
Capital expenditures                 89.9 82.3 70.8
U.S. Media                      
Segment Reporting Information [Line Items]                      
Operating income (loss) 115.8 103.1 101.9 55.5 102.4 96.0 93.8 50.6 376.3 342.8  
Impairment charge                   0.0  
Adjusted OIBDA 158.6 147.3 145.8 94.6 143.9 136.2 131.2 88.9 546.3 500.2  
Other                      
Segment Reporting Information [Line Items]                      
Operating income (loss) 2.8 (0.7) 3.3 (4.0) 3.9 (1.2) (45.1) (7.0) 1.4 (49.4)  
Impairment charge                   42.9  
Adjusted OIBDA 7.8 4.3 8.8 1.2 9.7 4.2 4.2 (0.8) 22.1 17.3  
Operating segments | U.S. Media                      
Segment Reporting Information [Line Items]                      
Operating income (loss)                 376.3 342.8 320.6
Restructuring charges                   0.9 2.3
Net gain on dispositions                 (3.9) (5.3) (14.4)
Depreciation and amortization                 173.9 161.8 169.6
Adjusted OIBDA                 546.3 500.2 478.1
Capital expenditures                 86.7 73.0 63.9
Operating segments | Other                      
Segment Reporting Information [Line Items]                      
Operating income (loss)                 1.4 (49.4) (16.0)
Restructuring charges                   0.8 4.1
Net gain on dispositions                 0.1 (0.2) 0.1
Depreciation and amortization                 20.6 23.2 20.2
Adjusted OIBDA                 22.1 17.3 8.4
Capital expenditures                 3.2 9.3 6.9
Corporate                      
Segment Reporting Information [Line Items]                      
Operating income (loss) (20.6) (16.9) (16.5) (14.6) (15.0) (15.9) (15.8) (11.9) (68.6) (58.6) (62.9)
Restructuring charges                 0.3 0.4  
Adjusted OIBDA $ (14.7) $ (11.3) $ (11.0) $ (9.0) $ (9.8) $ (11.1) $ (10.2) $ (6.9) $ (46.0) $ (38.0) $ (42.4)
[1] As a result of an impairment analysis performed during the second quarter of 2018, we determined that the carrying value of our Canadian reporting unit exceeded its fair value and we recorded an impairment charge of $42.9 million on the Consolidated Statement of Operations. See Note 6. Goodwill and Other Intangible Assets: Goodwill to the Consolidated Financial Statements