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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenues $ 467,500,000 $ 451,900,000 $ 1,318,400,000 $ 1,337,700,000
Expenses:        
Operating 230,700,000 233,100,000 683,500,000 711,600,000
Selling, general and administrative [1] 105,200,000 108,700,000 330,500,000 338,300,000
Restructuring charges 300,000 [2] 0 20,100,000 [2] 0
Net (gain) loss on dispositions 1,400,000 1,500,000 2,600,000 (153,600,000)
Impairment charges 0 0 0 17,900,000
Depreciation 22,400,000 18,600,000 69,600,000 55,500,000
Amortization 17,600,000 18,700,000 52,100,000 53,600,000
Total expenses 377,600,000 380,600,000 1,158,400,000 1,023,300,000
Operating income 89,900,000 71,300,000 160,000,000.0 314,400,000
Interest expense, net (37,000,000.0) (37,100,000) (109,500,000) (119,600,000)
Loss on extinguishment of debt (600,000) 0 (600,000) (1,200,000)
Other income (loss), net 0 (100,000) 0 1,000,000.0
Income before benefit (provision) for income taxes and equity in earnings of investee companies 52,300,000 34,100,000 49,900,000 194,600,000
Benefit (provision) for income taxes (1,200,000) 200,000 (1,900,000) (10,400,000)
Equity in earnings of investee companies, net of tax 300,000 500,000 2,200,000 500,000
Net income before allocation to redeemable and non-redeemable noncontrolling interests 51,400,000 34,800,000 50,200,000 184,700,000
Net income attributable to redeemable and non-redeemable noncontrolling interests 100,000 200,000 0 500,000
Net income attributable to OUTFRONT Media Inc. $ 51,300,000 $ 34,600,000 $ 50,200,000 $ 184,200,000
Net income per common share:        
Basic (in dollars per share) $ 0.29 $ 0.20 $ 0.26 $ 1.10
Diluted (in dollars per share) $ 0.29 $ 0.20 $ 0.26 $ 1.08
Weighted average shares outstanding:        
Basic (in shares) 167.2 162.0 166.9 161.8
Diluted (in shares) [3],[4] 176.3 163.2 168.1 170.4
[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 nine months ended September 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 the three months ended September 30, 2024 and 7.8 million shares of our common stock issuable upon conversion of the Series A Preferred Stock in the nine months ended September 30, 2025, were antidilutive.
[4] The potential impact of 0.1 million granted RSUs and PRSUs in the three months ended September 30, 2025, 0.1 million granted RSUs and PRSUs in the nine months ended September 30, 2025, and 1.0 million granted RSUs and PRSUs in the nine months ended September 30, 2024, were antidilutive.