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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income attributable to OUTFRONT Media Inc. $ 140.1 $ 107.9 $ 125.8
Adjustments to reconcile net income to net cash flow provided by operating activities:      
Net income attributable to non-controlling interests 0.5 0.0 0.0
Depreciation and amortization 194.5 185.0 189.8
Deferred tax (benefit) provision 0.2 (0.4) (4.9)
Stock-based compensation 22.3 20.2 20.5
Provision for doubtful accounts 5.3 1.9 4.4
Accretion expense 2.5 2.4 2.3
Net gain on dispositions (3.8) (5.5) (14.3)
Impairment charge 0.0 42.9 0.0
Loss on extinguishment of debt 28.5 0.0 0.0
Equity in earnings of investee companies, net of tax (5.7) (4.1) (4.8)
Distributions from investee companies 4.9 3.0 7.3
Amortization of deferred financing costs and debt discount and premium 7.9 5.7 6.1
Cash paid for direct lease acquisition costs (47.1) (41.3) (39.2)
Change in assets and liabilities, net of investing and financing activities      
Increase in receivables (29.5) (37.2) (9.5)
Increase in prepaid MTA equipment deployment costs (92.0) (74.8) (4.7)
(Increase) decrease in prepaid expenses and other current assets 3.5 (0.2) 0.2
Increase (decrease) in accounts payable and accrued expenses 36.3 21.7 (31.9)
Increase in operating lease assets and liabilities 6.7 0.0 0.0
Increase (decrease) in deferred revenues (0.8) 8.5 0.8
Increase (decrease) in income taxes 0.2 (3.1) 2.1
Other, net 2.4 (18.3) (0.7)
Net cash flow provided by operating activities 276.9 214.3 249.3
Investing Activities:      
Capital expenditures (89.9) (82.3) (70.8)
Acquisitions (69.7) (7.0) (69.2)
MTA franchise rights (24.0) (13.3) (0.9)
Proceeds from dispositions 5.8 7.9 5.6
Return of investment in investee companies 1.5 4.3 0.0
Net cash flow used for investing activities (176.3) (90.4) (135.3)
Financing Activities      
Proceeds from long-term debt borrowings 1,270.0 104.0 8.3
Repayments of long-term debt borrowings (1,191.5) (104.0) 0.0
Proceeds from borrowings under short-term debt facilities 505.0 245.0 250.0
Repayments of borrowings under short-term debt facilities (470.0) (165.0) (170.0)
Payments of deferred financing costs (22.1) (0.3) (8.5)
Payments of debt extinguishment charges (20.6) 0.0 0.0
Proceeds from shares issued under the ATM Program 50.9 15.3 0.0
Proceeds from stock option exercises 0.0 0.0 1.2
Earnout payment related to prior acquisition 0.0 (0.4) (2.0)
Taxes withheld for stock-based compensation (7.9) (8.4) (8.5)
Dividends (208.1) (203.9) (201.8)
Other 0.0 0.0 (0.2)
Net cash flow used for financing activities (94.3) (117.7) (131.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.5 (0.4) 0.6
Net increase (decrease) in cash, cash equivalents and restricted cash 6.8 5.8 (16.9)
Cash, cash equivalents and restricted cash at beginning of year 54.1 48.3 65.2
Cash, cash equivalents and restricted cash at end of year 60.9 54.1 48.3
Supplemental disclosure of cash flow information      
Cash paid for income taxes 10.5 8.4 6.8
Cash paid for interest 121.5 117.5 111.0
Non-cash investing and financing activities      
Accrued purchases of property and equipment 7.7 5.8 9.5
MTA franchise rights 4.0 1.4 0.0
Issuance of shares of a subsidiary for an acquisition 0.0 0.0 44.6
Acquisitions 0.0 0.0 (13.3)
Dispositions $ 0.0 $ 0.0 $ 13.3