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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Revenues $ 460,200,000 $ 477,300,000 $ 850,900,000 $ 885,800,000
Expenses:        
Operating 231,500,000 239,800,000 452,800,000 478,500,000
Selling, general and administrative [1] 110,600,000 119,100,000 225,300,000 229,600,000
Restructuring charges 19,800,000 [2] 0 19,800,000 [2] 0
Net (gain) loss on dispositions 1,100,000 (155,200,000) 1,200,000 (155,100,000)
Impairment charges 0 8,800,000 0 17,900,000
Depreciation 23,600,000 18,400,000 47,200,000 36,900,000
Amortization 17,400,000 17,300,000 34,500,000 34,900,000
Total expenses 404,000,000.0 248,200,000 780,800,000 642,700,000
Operating income 56,200,000 229,100,000 70,100,000 243,100,000
Interest expense, net (36,500,000) (41,100,000) (72,500,000) (82,500,000)
Loss on extinguishment of debt 0 (1,200,000) 0 (1,200,000)
Other income, net 0 1,100,000 0 1,100,000
Income (loss) before provision for income taxes and equity in earnings of investee companies 19,700,000 187,900,000 (2,400,000) 160,500,000
Provision for income taxes (200,000) (11,100,000) (700,000) (10,600,000)
Equity in earnings of investee companies, net of tax 0 200,000 1,900,000 0
Net income (loss) before allocation to redeemable and non-redeemable noncontrolling interests 19,500,000 177,000,000.0 (1,200,000) 149,900,000
Net income (loss) attributable to redeemable and non-redeemable noncontrolling interests 0 200,000 (100,000) 300,000
Net income (loss) attributable to OUTFRONT Media Inc. $ 19,500,000 $ 176,800,000 $ (1,100,000) $ 149,600,000
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.10 $ 1.08 $ (0.03) $ 0.90
Diluted (in dollars per share) $ 0.10 $ 1.04 $ (0.03) $ 0.88
Weighted average shares outstanding:        
Basic (in shares) 167.1 161.9 166.8 161.7
Diluted (in shares) [3],[4] 168.0 170.5 166.8 170.2
[1] Selling, general and administrative expenses includes, but is not limited to, compensation and benefits, including commissions, professional fees, office rent and travel and entertainment.
[2] In the three and six months ended June 30, 2025, Restructuring charges associated with the Plan, consists of severance payments, employee benefits and related costs, and professional fees, and includes approximately $2.2 million in non-cash charges for stock-based compensation
[3] The potential impact of 7.8 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in each of the three and six months ended June 30, 2025, were antidilutive.
[4] The potential impact of 1.2 million granted RSUs and PRSUs in the three months ended June 30, 2025, 0.9 million granted RSUs and PRSUs in the three months ended June 30, 2024, 1.9 million granted RSUs and PRSUs in the six months ended June 30, 2025, and 1.0 million granted RSUs and PRSUs in the six months ended June 30, 2024, were antidilutive.