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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
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
Adjusted OIBDA by segment and Reconciliation to Consolidated Net Income
 
 
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
Tabular Disclosure by Reportable Segments
 
 
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
Reconciliation of Assets from Segment to Consolidated
 
 
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
Schedule of Revenue from External Customers by Geographic Area
The following table summarizes revenues by geography:
 
 
Years Ended December 31,
(in millions)
 
2019
 
2018
 
2017
United States:
 
 
 
 
 
 
Billboard
 
$
1,114.9

 
$
1,040.8

 
$
997.9

Transit and other
 
513.8

 
426.0

 
408.6

Sports marketing and other
 
65.7

 
54.8

 
40.8

Total United States revenues
 
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


 
 
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.
Long-lived Assets by Geographic Areas
 
 
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.