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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information

We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. International and Sports Marketing do not meet the criteria to be a reportable segment and accordingly, are both included in Other.

The following tables set forth our financial performance by segment.
 
 
Year Ended December 31,
(in millions)
 
2019
 
2018
 
2017
Revenues:
 
 
 
 
 
 
U.S. Media
 
$
1,628.7

 
$
1,466.8

 
$
1,406.5

Other
 
153.5

 
139.4

 
114.0

Total revenues
 
$
1,782.2

 
$
1,606.2

 
$
1,520.5



We present Operating income before Depreciation, Amortization, Net gain on dispositions, Stock-based compensation, Restructuring charges and an Impairment charge (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments.
 
 
Year Ended December 31,
(in millions)
 
2019
 
2018
 
2017
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

 
—

 
—

Other (income) expense, net
 
(0.1
)
 
0.4

 
(0.3
)
Operating income
 
309.1

 
234.8

 
241.7

Restructuring charges
 
0.3

 
2.1

 
6.4

Net gain on dispositions
 
(3.8
)
 
(5.5
)
 
(14.3
)
Impairment charge
 
—

 
42.9

 
—

Depreciation and amortization
 
194.5

 
185.0

 
189.8

Stock-based compensation
 
22.3

 
20.2

 
20.5

Total Adjusted OIBDA
 
$
522.4

 
$
479.5

 
$
444.1

 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
U.S. Media
 
$
546.3

 
$
500.2

 
$
478.1

Other
 
22.1

 
17.3

 
8.4

Corporate
 
(46.0
)
 
(38.0
)
 
(42.4
)
Total Adjusted OIBDA
 
$
522.4

 
$
479.5

 
$
444.1


 
 
Year Ended December 31,
(in millions)
 
2019
 
2018
 
2017
Operating income (loss):
 
 
 
 
 
 
U.S. Media
 
$
376.3

 
$
342.8

 
$
320.6

Other
 
1.4

 
(49.4
)
 
(16.0
)
Corporate
 
(68.6
)
 
(58.6
)
 
(62.9
)
Total operating income
 
$
309.1

 
$
234.8

 
$
241.7

 
 
 
 
 
 
 
Net (gain) loss on dispositions:
 
 
 
 
 
 
U.S. Media
 
$
(3.9
)
 
$
(5.3
)
 
$
(14.4
)
Other
 
0.1

 
(0.2
)
 
0.1

Total gain on dispositions
 
$
(3.8
)
 
$
(5.5
)
 
$
(14.3
)
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
U.S. Media
 
$
173.9

 
$
161.8

 
$
169.6

Other
 
20.6

 
23.2

 
20.2

Total depreciation and amortization
 
$
194.5

 
$
185.0

 
$
189.8

 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
U.S. Media
 
$
86.7

 
$
73.0

 
$
63.9

Other
 
3.2

 
9.3

 
6.9

Total capital expenditures
 
$
89.9

 
$
82.3

 
$
70.8


 
 
As of December 31,
(in millions)
 
2019
 
2018
 
2017
Assets:
 
 
 
 
 
 
U.S. Media
 
$
5,077.1

 
$
3,610.0

 
$
3,528.8

Other
 
284.0

 
202.5

 
263.8

Corporate
 
21.2

 
16.2

 
15.6

Total assets
 
$
5,382.3

 
$
3,828.7

 
$
3,808.2


 
 
Year Ended December 31,
(in millions)
 
2019
 
2018
 
2017
Revenues(a):
 
 
 
 
 
 
United States
 
$
1,694.4

 
$
1,521.6

 
$
1,447.3

Canada
 
87.8

 
84.6

 
73.2

Total revenues
 
$
1,782.2

 
$
1,606.2

 
$
1,520.5



(a)
Revenues classifications are based on the geography of the advertising.
 
 
As of December 31,
(in millions)
 
2019
 
2018
 
2017
Long-lived assets(a):
 
 
 
 
 
 
United States
 
$
4,722.1

 
$
3,255.0

 
3,216.4

Canada
 
203.0

 
122.5

 
189.1

Total long-lived assets
 
$
4,925.1

 
$
3,377.5

 
$
3,405.5


(a)
Reflects total assets less current assets, investments and non-current deferred tax assets.