Condensed Consolidating Financial Statements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Condensed Consolidated Financial Statements [Abstract]

Condensed Consolidating Statement of Financial Position

	As of September 30, 2014
(in millions)	Parent Company		Subsidiary Issuer(a)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	230.0	$	23.5		$	18.7	$	—		$	272.2
Receivables, less allowances	—		—		140.9			34.7		—			175.6
Other current assets	—		4.1		87.4			21.5		—			113.0
Total current assets	—		234.1		251.8			74.9		—			560.8
Property and equipment, net	—		—		596.2			108.2		—			704.4
Goodwill	—		—		1,751.4			109.0		—			1,860.4
Intangible assets	—		—		319.9			0.2		—			320.1
Investment in subsidiaries	1,567.0		2,935.5		218.6			—		(4,721.1		)	—
Other assets	—		23.9		48.1			5.1		—			77.1
Intercompany	—		—		66.1			54.8		(120.9		)	—
Total assets	$	1,567.0	$	3,193.5	$	3,252.1		$	352.2	$	(4,842.0	)	$	3,522.8
Total current liabilities	$	—	$	28.3	$	176.4		$	33.2	$	—		$	237.9
Long-term debt	—		1,598.2		—			—		—			1,598.2
Deferred income tax liabilities, net	—		—		(1.1		)	23.9		—			22.8
Asset retirement obligation	—		—		23.7			8.6		—			32.3
Deficit in excess of investment in subsidiaries	—		—		1,368.5			—		(1,368.5		)	—
Other liabilities	—		—		62.8			1.8		—			64.6
Intercompany	—		—		54.8			66.1		(120.9		)	—
Total liabilities	—		1,626.5		1,685.1			133.6		(1,489.4		)	1,955.8
Total stockholders’ equity	1,567.0		1,567.0		1,567.0			218.6		(3,352.6		)	1,567.0
Total liabilities and shareholders’ equity	$	1,567.0	$	3,193.5	$	3,252.1		$	352.2	$	(4,842.0	)	$	3,522.8

(a) Outfront Media Capital Corporation is a co-issuer finance subsidiary with no assets or liabilities and has not been presented herein.

	As of December 31, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	2.1	$	27.7	$	—		$	29.8
Receivables, less allowances	—		—		146.0		32.8		—			178.8
Other current assets	—		—		89.1		19.5		—			108.6
Total current assets	—		—		237.2		80.0		—			317.2
Property and equipment, net	—		—		628.1		127.3		—			755.4
Goodwill	—		—		1,751.6		114.1		—			1,865.7
Intangible assets	—		—		364.2		0.2		—			364.4
Investment in subsidiaries	—		—		232.9		—		(232.9		)	—
Other assets	—		—		46.5		6.3		—			52.8
Intercompany	—		—		66.0		55.7		(121.7		)	—
Total assets	$	—	$	—	$	3,326.5	$	383.6	$	(354.6	)	$	3,355.5
Total current liabilities	$	—	$	—	$	168.3	$	43.9	$	—		$	212.2
Deferred income tax liabilities, net	—		—		259.4		29.1		—			288.5
Asset retirement obligation	—		—		23.1		8.6		—			31.7
Other liabilities	—		—		65.6		3.1		—			68.7
Intercompany	—		—		55.7		66.0		(121.7		)	—
Total liabilities	—		—		572.1		150.7		(121.7		)	601.1
Total invested equity	—		—		2,754.4		232.9		(232.9		)	2,754.4
Total liabilities and invested equity	$	—	$	—	$	3,326.5	$	383.6	$	(354.6	)	$	3,355.5

	As of December 31, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	2.1	$	27.7	$	—		$	29.8
Receivables, less allowances	—		—		146.0		32.8		—			178.8
Other current assets	—		—		89.1		19.5		—			108.6
Total current assets	—		—		237.2		80.0		—			317.2
Property and equipment, net	—		—		628.1		127.3		—			755.4
Goodwill	—		—		1,751.6		114.1		—			1,865.7
Intangible assets	—		—		364.2		0.2		—			364.4
Investment in subsidiaries	—		—		232.9		—		(232.9		)	—
Other assets	—		—		46.5		6.3		—			52.8
Intercompany	—		—		66.0		55.7		(121.7		)	—
Total assets	$	—	$	—	$	3,326.5	$	383.6	$	(354.6	)	$	3,355.5
Total current liabilities	$	—	$	—	$	168.3	$	43.9	$	—		$	212.2
Deferred income tax liabilities, net	—		—		259.4		29.1		—			288.5
Asset retirement obligation	—		—		23.1		8.6		—			31.7
Other liabilities	—		—		65.6		3.1		—			68.7
Intercompany	—		—		55.7		66.0		(121.7		)	—
Total liabilities	—		—		572.1		150.7		(121.7		)	601.1
Total invested equity	—		—		2,754.4		232.9		(232.9		)	2,754.4
Total liabilities and invested equity	$	—	$	—	$	3,326.5	$	383.6	$	(354.6	)	$	3,355.5

	As of December 31, 2012
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	9.5	$	10.7	$	—		$	20.2
Receivables, less allowances	—		—		138.0		37.1		—			175.1
Other current assets	—		—		98.2		21.5		—			119.7
Total current assets	—		—		245.7		69.3		—			315.0
Property and equipment, net	—		—		655.8		152.1		—			807.9
Goodwill	—		—		1,758.0		119.2		—			1,877.2
Intangible assets	—		—		419.7		0.3		—			420.0
Investment in subsidiaries	—		—		241.0		—		(241.0		)	—
Other assets	—		—		35.2		9.6		—			44.8
Intercompany	—		—		65.8		56.5		(122.3		)	—
Total assets	$	—	$	—	$	3,421.2	$	407.0	$	(363.3	)	$	3,464.9
Total current liabilities	$	—	$	—	$	158.7	$	46.9	$	—		$	205.6
Deferred income tax liabilities, net	—		—		276.8		37.0		—			313.8
Asset retirement obligation	—		—		28.0		2.6		—			30.6
Other liabilities	—		—		57.3		13.7		—			71.0
Intercompany	—		—		56.5		65.8		(122.3		)	—
Total liabilities	—		—		577.3		166.0		(122.3		)	621.0
Total invested equity	—		—		2,843.9		241.0		(241.0		)	2,843.9
Total liabilities and invested equity	$	—	$	—	$	3,421.2	$	407.0	$	(363.3	)	$	3,464.9

Condensed Consolidating Income Statement of Operations

	Nine Months Ended September 30, 2014
(in millions)	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Billboard	$	—		$	—		$	599.7		$	90.5		$	—		$	690.2
Transit and other	—			—			242.7			25.9			—			268.6
Total revenues	—			—			842.4			116.4			—			958.8
Expenses:
Operating	—			—			436.2			76.1			—			512.3
Selling, general and administrative	0.9			—			136.8			23.4			—			161.1
Restructuring charges	—			—			6.2			—			—			6.2
Acquisition costs	—			—			1.4			—			—			1.4
Net (gain) loss on dispositions	—			—			(1.3		)	(0.1		)	—			(1.4		)
Depreciation	—			—			62.2			17.1			—			79.3
Amortization	—			—			63.6			3.7			—			67.3
Total expenses	0.9			—			705.1			120.2			—			826.2
Operating income	(0.9		)	—			137.3			(3.8		)	—			132.6
Interest expense	—			(57.3		)	(0.1		)	0.1			—			(57.3		)
Other income (expenses)	—			—			—			(0.5		)	—			(0.5		)
Income before income taxes and equity earnings of investee	(0.9		)	(57.3		)	137.2			(4.2		)	—			74.8
Provision for income taxes	—			—			205.2			(2.3		)	—			202.9
Equity in earnings of investee companies, net of tax	280.0			337.3			(62.4		)	0.4			(553.9		)	1.4
Net income	$	279.1		$	280.0		$	280.0		$	(6.1	)	$	(553.9	)	$	279.1
Net income	$	279.1		$	280.0		$	280.0		$	(6.1	)	$	(553.9	)	$	279.1
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	(3.1		)	(3.1		)	(3.1		)	(3.1		)	9.3			(3.1		)
Net actuarial loss	0.2			0.2			0.2			0.2			(0.6		)	0.2
Deferred tax rate adjustment	(1.2		)	(1.2		)	(1.2		)	(1.2		)	3.6			(1.2		)
Total other comprehensive income (loss), net of tax	(4.1		)	(4.1		)	(4.1		)	(4.1		)	12.3			(4.1		)
Total comprehensive income	$	275.0		$	275.9		$	275.9		$	(10.2	)	$	(541.6	)	$	275.0

	Nine Months Ended September 30, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Billboard	$	—	$	—	$	589.8		$	96.0		$	—		$	685.8
Transit and other	—		—		237.8			26.5			—			264.3
Total revenues	—		—		827.6			122.5			—			950.1
Expenses:
Operating	—		—		426.1			78.4			—			504.5
Selling, general and administrative	—		—		122.7			24.1			—			146.8
Net (gain) loss on dispositions	—		—		(10.0		)	0.2			—			(9.8		)
Depreciation	—		—		60.5			17.8			—			78.3
Amortization	—		—		64.3			3.9			—			68.2
Total expenses	—		—		663.6			124.4			—			788.0
Operating income (loss)	—		—		164.0			(1.9		)	—			162.1
Interest expense	—		—		—			—			—			—
Other income (expenses)	—		—		(0.1		)	0.1			—			—
Income before income taxes and equity earnings of investee	—		—		163.9			(1.8		)	—			162.1
Provision for income taxes	—		—		(68.2		)	(2.3		)	—			(70.5		)
Equity in earnings of investee companies, net of tax	—		—		(2.2		)	—			4.1			1.9
Net income	$	—	$	—	$	93.5		$	(4.1	)	$	4.1		$	93.5
Net income	$	—	$	—	$	93.5		$	(4.1	)	$	4.1		$	93.5
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	—		—		(12.3		)	(12.3		)	12.3			(12.3		)
Net actuarial loss	—		—		0.4			0.4			(0.4		)	0.4
Total other comprehensive income (loss), net of tax	—		—		(11.9		)	(11.9		)	11.9			(11.9		)
Total comprehensive income	$	—	$	—	$	81.6		$	(16.0	)	$	16.0		$	81.6

	Year Ended December 31, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Billboard	$	—	$	—	$	796.6		$	129.1		$	—		$	925.7
Transit and other	—		—		333.5			34.8			—			368.3
Total revenues	—		—		1,130.1			163.9			—			1,294.0
Expenses:
Operating	—		—		584.2			102.7			—			686.9
Selling, general and administrative	—		—		167.7			32.1			—			199.8
Net (gain) loss on dispositions	—		—		(27.5		)	0.2			—			(27.3		)
Depreciation	—		—		80.7			23.8			—			104.5
Amortization	—		—		86.1			5.2			—			91.3
Total expenses	—		—		891.2			164.0			—			1,055.2
Operating income	—		—		238.9			(0.1		)	—			238.8
Other income (expenses)	—		—		(0.2		)	(1.0		)	—			(1.2		)
Income before income taxes and equity earnings of investee	—		—		238.7			(1.1		)	—			237.6
Provision for income taxes	—		—		(93.3		)	(3.3		)	—			(96.6		)
Equity in earnings of investee companies, net of tax	—		—		(1.9		)	—			4.4			2.5
Net income	$	—	$	—	$	143.5		$	(4.4	)	$	4.4		$	143.5
Net income	$	—	$	—	$	143.5		$	(4.4	)	$	4.4		$	143.5
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	—		—		(14.9		)	(14.9		)	14.9			(14.9		)
Net actuarial loss	—		—		5.8			5.6			(5.6		)	5.8
Total other comprehensive income (loss), net of tax	—		—		(9.1		)	(9.3		)	9.3			(9.1		)
Total comprehensive income	$	—	$	—	$	134.4		$	(13.7	)	$	13.7		$	134.4

	Year Ended December 31, 2012
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Billboard	$	—	$	—	$	770.7		$	142.9		$	—		$	913.6
Transit and other	—		—		327.9			43.1			—			371.0
Total revenues	—		—		1,098.6			186.0			—			1,284.6
Expenses:
Operating	—		—		577.9			122.2			—			700.1
Selling, general and administrative	—		—		148.5			33.3			—			181.8
Restructuring charges	—		—		1.8			0.7			—			2.5
Net (gain) loss on dispositions	—		—		1.6			0.6			—			2.2
Depreciation	—		—		80.4			25.5			—			105.9
Amortization	—		—		85.2			5.7			—			90.9
Total expenses	—		—		895.4			188.0			—			1,083.4
Operating income (loss)	—		—		203.2			(2.0		)	—			201.2
Other income (expenses)	—		—		(0.1		)	(0.9		)	—			(1.0		)
Income before income taxes and equity earnings of investee	—		—		203.1			(2.9		)	—			200.2
Provision for income taxes	—		—		(87.3		)	(1.7		)	—			(89.0		)
Equity in earnings of investee companies, net of tax	—		—		(2.4		)	—			4.6			2.2
Net income	$	—	$	—	$	113.4		$	(4.6	)	$	4.6		$	113.4
Net income	$	—	$	—	$	113.4		$	(4.6	)	$	4.6		$	113.4
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	—		—		11.0			11.0			(11.0		)	11.0
Net actuarial loss	—		—		(1.4		)	(1.3		)	1.3			(1.4		)
Total other comprehensive income (loss), net of tax	—		—		9.6			9.7			(9.7		)	9.6
Total comprehensive income	$	—	$	—	$	123.0		$	5.1		$	(5.1	)	$	123.0

	Year Ended December 31, 2011
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Billboard	$	—	$	—	$	746.8		$	147.4		$	—		$	894.2
Transit and other	—		—		304.7			78.2			—			382.9
Total revenues	—		—		1,051.5			225.6			—			1,277.1
Expenses:
Operating	—		—		554.3			135.1			—			689.4
Selling, general and administrative	—		—		145.1			33.3			—			178.4
Restructuring charges	—		—		2.2			0.8			—			3.0
Net (gain) loss on dispositions	—		—		2.1			(0.1		)	—			2.0
Depreciation	—		—		81.5			27.5			—			109.0
Amortization	—		—		86.7			16.2			—			102.9
Total expenses	—		—		871.9			212.8			—			1,084.7
Operating income (loss)	—		—		179.6			12.8			—			192.4
Other income (expenses)	—		—		(0.1		)	0.9			—			0.8
Income before income taxes and equity earnings of investee	—		—		179.5			13.7			—			193.2
Provision for income taxes	—		—		(79.2		)	(8.6		)	—			(87.8		)
Equity in earnings of investee companies, net of tax	—		—		6.8			—			(5.1		)	1.7
Net income	$	—	$	—	$	107.1		$	5.1		$	(5.1	)	$	107.1
Net income	$	—	$	—	$	107.1		$	5.1		$	(5.1	)	$	107.1
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	—		—		(14.3		)	(14.3		)	14.3			(14.3		)
Net actuarial loss	—		—		(3.2		)	(3.0		)	3.0			(3.2		)
Total other comprehensive income (loss), net of tax	—		—		(17.5		)	(17.3		)	17.3			(17.5		)
Total comprehensive income	$	—	$	—	$	89.6		$	(12.2	)	$	12.2		$	89.6

Condensed Condensed Consolidating Statement of Cash Flows

	Nine Months Ended September 30, 2014
(in millions)	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by operating activities	$	(0.9	)	$	(25.6	)	$	213.9		$	(2.9	)	$	—	$	184.5
Cash used in investing activities	—			—			(35.3		)	(6.0		)	—		(41.3		)
Financing activities:
Proceeds from IPO	615.0			—			—			—			—		615.0
Proceeds from long-term debt borrowings	—			1,598.0			—			—			—		1,598.0
Deferred financing fees	—			(24.8		)	—			—			—		(24.8		)
Distribution of debt and IPO proceeds to CBS	(515.0		)	(1,523.8		)	—			—			—		(2,038.8		)
Net cash contribution from CBS	—			—			39.8			—			—		39.8
Dividends	(88.8		)	—			—			—			—		(88.8		)
Intercompany	(10.3		)	206.2			(197.0		)	1.1			—		—
Cash used in financing activities	0.9			255.6			(157.2		)	1.1			—		100.4
Effect of exchange rate on cash and cash equivalents	—			—			—			(1.2		)	—		(1.2		)
Net increase (decrease) in cash and cash equivalents	—			230.0			21.4			(9.0		)	—		242.4
Cash and cash equivalents at beginning of period	—			—			2.1			27.7			—		29.8
Cash and cash equivalents at end of period	$	—		$	230.0		$	23.5		$	18.7		$	—	$	272.2

	Nine Months Ended September 30, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by operating activities	$	—	$	—	$	175.0		$	3.7		$	—	$	178.7
Cash used in investing activities	—		—		(37.2		)	(3.9		)	—		(41.1		)
Financing activities:
Excess tax benefit from stock-based compensation	—		—		5.5			—			—		5.5
Net cash distribution to CBS	—		—		(143.3		)	4.7			—		(138.6		)
Cash used in financing activities	—		—		(137.8		)	4.7			—		(133.1		)
Effect of exchange rate on cash and cash equivalents	—		—		—			(0.6		)	—		(0.6		)
Net increase (decrease) in cash and cash equivalents	—		—		—			3.9			—		3.9
Cash and cash equivalents at beginning of period	—		—		9.5			10.7			—		20.2
Cash and cash equivalents at end of period	$	—	$	—	$	9.5		$	14.6		$	—	$	24.1

	Year Ended December 31, 2013
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by operating activities	$	—	$	—	$	268.2		$	12.9		$	—	$	281.1
Cash used in investing activities	—		—		(37.0		)	(6.7		)	—		(43.7		)
Financing activities:
Excess tax benefit from stock-based compensation	—		—		5.8			—			—		5.8
Net cash (distribution to)/contribution from CBS	—		—		(244.4		)	11.8			—		(232.6		)
Other	—		—		—			(0.2		)	—		(0.2		)
Cash used in financing activities	—		—		(238.6		)	11.6			—		(227.0		)
Effect of exchange rate on cash and cash equivalents	—		—		—			(0.8		)	—		(0.8		)
Net increase (decrease) in cash and cash equivalents	—		—		(7.4		)	17.0			—		9.6
Cash and cash equivalents at beginning of period	—		—		9.5			10.7			—		20.2
Cash and cash equivalents at end of period	$	—	$	—	$	2.1		$	27.7		$	—	$	29.8

	Year Ended December 31, 2012
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by operating activities	$	—	$	—	$	277.3		$	28.6		$	—	$	305.9
Cash used in investing activities	—		—		(42.5		)	(5.6		)	—		(48.1		)
Financing activities:
Excess tax benefit from stock-based compensation	—		—		2.9			—			—		2.9
Net cash distribution to CBS	—		—		(238.2		)	(41.5		)	—		(279.7		)
Other	—		—		—			(0.2		)	—		(0.2		)
Cash used in financing activities	—		—		(235.3		)	(41.7		)	—		(277.0		)
Effect of exchange rate on cash and cash equivalents	—		—		—			1.8			—		1.8
Net increase (decrease) in cash and cash equivalents	—		—		(0.5		)	(16.9		)	—		(17.4		)
Cash and cash equivalents at beginning of period	—		—		10.0			27.6			—		37.6
Cash and cash equivalents at end of period	$	—	$	—	$	9.5		$	10.7		$	—	$	20.2

	Year Ended December 31, 2011
(in millions)	Parent Company		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by operating activities	$	—	$	—	$	284.3		$	55.8		$	—	$	340.1
Cash used in investing activities	—		—		(43.4		)	(7.3		)	—		(50.7		)
Financing activities:
Excess tax benefit from stock-based compensation	—		—		2.3			—			—		2.3
Net cash distribution to CBS	—		—		(235.3		)	(34.1		)	—		(269.4		)
Other	—		—		—			(0.2		)	—		(0.2		)
Cash used in financing activities	—		—		(233.0		)	(34.3		)	—		(267.3		)
Effect of exchange rate on cash and cash equivalents	—		—		—			(3.5		)	—		(3.5		)
Net increase (decrease) in cash and cash equivalents	—		—		7.9			10.7			—		18.6
Cash and cash equivalents at beginning of period	—		—		2.1			16.9			—		19.0
Cash and cash equivalents at end of period	$	—	$	—	$	10.0		$	27.6		$	—	$	37.6