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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data Quarterly Financial Data (Unaudited)

Our revenues and profits experience seasonality due to seasonal advertising patterns and influences on advertising markets. Typically, our revenues and profits are highest in the fourth quarter, during the holiday shopping season, and lowest in the first quarter, as advertisers adjust their spending following the holiday shopping season.
 
 
2019
(in millions)
 
First
Quarter
 
 
Second
Quarter
 
 
Third
Quarter
 
 
Fourth
Quarter
 
 
Total
Year
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
338.4

 
 
$
419.6

 
 
$
422.7

 
 
$
448.0

 
 
$
1,628.7

Other
 
33.3

 
 
40.3

 
 
39.8

 
 
40.1

 
 
153.5

Total revenues
 
$
371.7

 
 
$
459.9

 
 
$
462.5

 
 
$
488.1

 
 
$
1,782.2

Adjusted OIBDA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
94.6

 
 
$
145.8

 
 
$
147.3

 
 
$
158.6

 
 
$
546.3

Other
 
1.2

 
 
8.8

 
 
4.3

 
 
7.8

 
 
22.1

Corporate
 
(9.0
)
 
 
(11.0
)
 
 
(11.3
)
 
 
(14.7
)
 
 
(46.0
)
Total Adjusted OIBDA
 
86.8

 
 
143.6

 
 
140.3

 
 
151.7

 
 
522.4

Restructuring charges
 
(0.3
)
 
 
—

 
 
—

 
 
—

 
 
(0.3
)
Net gain (loss) on dispositions
 
1.5

 
 
(0.4
)
 
 
1.9

 
 
0.8

 
 
3.8

Depreciation
 
(21.1
)
 
 
(21.4
)
 
 
(22.4
)
 
 
(22.4
)
 
 
(87.3
)
Amortization
 
(24.7
)
 
 
(27.6
)
 
 
(28.7
)
 
 
(26.2
)
 
 
(107.2
)
Stock-based compensation
 
(5.3
)
 
 
(5.5
)
 
 
(5.6
)
 
 
(5.9
)
 
 
(22.3
)
Total operating income
 
$
36.9

 
 
$
88.7

 
 
$
85.5

 
 
$
98.0

 
 
$
309.1

Operating income (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
55.5

 
 
$
101.9

 
 
$
103.1

 
 
$
115.8

 
 
$
376.3

Other
 
(4.0
)
 
 
3.3

 
 
(0.7
)
 
 
2.8

 
 
1.4

Corporate
 
(14.6
)
 
 
(16.5
)
 
 
(16.9
)
 
 
(20.6
)
 
 
(68.6
)
Total operating income
 
$
36.9

 
 
$
88.7

 
 
$
85.5

 
 
$
98.0

 
 
$
309.1

Net income attributable to OUTFRONT Media Inc.
 
$
6.1

 
 
$
50.3

 
 
$
38.7

 
 
$
45.0

 
 
$
140.1

Net income attributable to OUTFRONT Media Inc. per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.04

 
 
$
0.35

 
 
$
0.27

 
 
$
0.31

 
 
$
0.97

Diluted
 
$
0.04

 
 
$
0.35

 
 
$
0.27

 
 
$
0.31

 
 
$
0.97



 
 
2018
(in millions)
 
First
Quarter
 
 
Second
Quarter
 
 
Third
Quarter
 
 
Fourth
Quarter
 
 
Total
Year
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
309.9

 
 
$
367.2

 
 
$
379.7

 
 
$
410.0

 
 
$
1,466.8

Other
 
28.0

 
 
34.5

 
 
34.5

 
 
42.4

 
 
139.4

Total revenues
 
$
337.9

 
 
$
401.7

 
 
$
414.2

 
 
$
452.4

 
 
$
1,606.2

Adjusted OIBDA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
88.9

 
 
$
131.2

 
 
$
136.2

 
 
$
143.9

 
 
$
500.2

Other
 
(0.8
)
 
 
4.2

 
 
4.2

 
 
9.7

 
 
17.3

Corporate
 
(6.9
)
 
 
(10.2
)
 
 
(11.1
)
 
 
(9.8
)
 
 
(38.0
)
Total Adjusted OIBDA
 
81.2

 
 
125.2

 
 
129.3

 
 
143.8

 
 
479.5

Restructuring charges
 
(1.1
)
 
 
(0.2
)
 
 
(0.1
)
 
 
(0.7
)
 
 
(2.1
)
Net gain on dispositions
 
0.2

 
 
2.7

 
 
1.3

 
 
1.3

 
 
5.5

Impairment charge
 
—

 
 
(42.9
)
(a)
 
—

 
 
—

 
 
(42.9
)
Depreciation
 
(21.1
)
 
 
(21.3
)
 
 
(21.0
)
 
 
(22.5
)
 
 
(85.9
)
Amortization
 
(22.5
)
 
 
(25.0
)
 
 
(25.8
)
 
 
(25.8
)
 
 
(99.1
)
Stock-based compensation
 
(5.0
)
 
 
(5.6
)
 
 
(4.8
)
 
 
(4.8
)
 
 
(20.2
)
Total operating income
 
$
31.7

 
 
$
32.9

 
 
$
78.9

 
 
$
91.3

 
 
$
234.8

Operating income (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Media
 
$
50.6

 
 
$
93.8

 
 
$
96.0

 
 
$
102.4

 
 
$
342.8

Other
 
(7.0
)
 
 
(45.1
)
 
 
(1.2
)
 
 
3.9

 
 
(49.4
)
Corporate
 
(11.9
)
 
 
(15.8
)
 
 
(15.9
)
 
 
(15.0
)
 
 
(58.6
)
Total operating income
 
$
31.7

 
 
$
32.9

 
 
$
78.9

 
 
$
91.3

 
 
$
234.8

Net income (loss) attributable to OUTFRONT Media Inc.
 
$
9.1

 
 
$
(5.2
)
 
 
$
46.8

 
 
$
57.2

 
 
$
107.9

Net income (loss) attributable to OUTFRONT Media Inc. per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.06

 
 
$
(0.04
)
 
 
$
0.33

 
 
$
0.40

 
 
$
0.76

Diluted
 
$
0.06

 
 
$
(0.04
)
 
 
$
0.33

 
 
$
0.40

 
 
$
0.75



(a)
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.

Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year.