OUTFRONT Media (OUT) Financials

$17.90 -0.21 (-1.13%)

As of 02:42 PM Eastern

Annual Income Statements for OUTFRONT Media

This table shows OUTFRONT Media's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-29	91	126	108	140	-61	36	143	-425	258
Consolidated Net Income / (Loss)	-29	91	126	108	141	-60	36	144	-425	259
Net Income / (Loss) Continuing Operations	-29	91	126	108	141	-60	39	144	-425	259
Total Pre-Tax Income	-29	91	125	109	146	-59	32	151	-419	269
Total Revenue	1,514	1,514	1,521	1,606	1,754	1,236	1,458	1,772	1,813	1,830
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	1,514	1,514	1,521	1,606	1,754	1,236	1,458	1,772	1,813	1,830
Net Realized & Unrealized Capital Gains on Investments	-	-	0.00	0.00	-29	0.00	-6.30	0.00	-8.10	-1.20
Other Non-Interest Income	1,084	1,071	1,059	1,112	1,190	979	1,182	1,772	1,821	1,831
Total Non-Interest Expense	1,542	1,423	1,396	1,497	1,608	1,295	1,424	1,621	2,232	1,562
Other Operating Expenses	1,092	1,081	1,083	1,185	1,327	1,012	1,148	1,339	1,379	1,236
Depreciation Expense	114	109	90	86	87	85	79	77	79	80
Amortization Expense	115	115	100	56	59	61	66	73	81	72
Impairment Charge	104	1.30	0.00	43	0.00	0.00	0.00	0.00	535	18
Other Special Charges	115	114	117	126	135	131	130	132	158	156
Nonoperating Income / (Expense), net	-0.40	-0.10	0.30	-0.40	0.10	-	0.00	-0.20	0.30	1.00
Income Tax Expense	5.40	5.40	4.10	4.90	11	1.10	-3.40	9.40	4.00	11
Other Gains / (Losses), net	4.80	5.30	4.80	4.10	5.70	-0.60	1.40	2.80	-1.10	0.60
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.50	0.80	0.80	1.20	0.70	0.50
Basic Earnings per Share	($0.21)	$0.66	$0.90	$0.76	$0.97	($0.56)	$0.05	$0.83	($2.70)	$1.54
Weighted Average Basic Shares Outstanding	137.30M	137.90M	138.50M	139.30M	142.50M	144.30M	145.40M	157.20M	161M	161.90M
Diluted Earnings per Share	($0.21)	$0.66	$0.90	$0.75	$0.97	($0.56)	$0.05	$0.83	($2.70)	$1.51
Weighted Average Diluted Shares Outstanding	137.30M	138.40M	138.90M	139.60M	143.20M	144.30M	146.10M	157.90M	161M	170.80M
Weighted Average Basic & Diluted Shares Outstanding	140M	137.70M	139.80M	142M	144.16M	145.07M	146.24M	164.98M	165.88M	167.02M

This table shows OUTFRONT Media's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	41	54	-29	-479	17	66	-27	177	35	74
Consolidated Net Income / (Loss)	41	54	-29	-478	17	66	-27	177	35	74
Net Income / (Loss) Continuing Operations	41	54	-29	-478	17	66	-27	177	35	74
Total Pre-Tax Income	40	64	-28	-478	18	68	-27	188	34	75
Total Revenue	454	495	396	469	455	493	408	476	452	493
Total Non-Interest Income	454	495	396	469	455	493	408	476	452	493
Net Realized & Unrealized Capital Gains on Investments	-	-	-0.30	0.00	0.00	-7.80	-0.10	-1.20	0.00	0.10
Other Non-Interest Income	355	765	321	372	364	765	329	373	361	768
Total Non-Interest Expense	413	431	423	947	436	426	436	289	418	419
Other Operating Expenses	339	355	343	354	345	336	349	204	343	340
Depreciation Expense	20	19	20	20	19	20	19	18	19	24
Amortization Expense	20	21	22	22	20	18	18	17	19	18
Other Special Charges	34	36	38	40	40	41	41	41	37	37
Income Tax Expense	-0.30	11	0.40	0.40	1.40	1.80	-0.50	11	-0.20	0.60
Other Gains / (Losses), net	0.40	0.90	-0.80	-0.30	-0.20	0.20	-0.20	0.20	0.50	0.10
Basic Earnings per Share	$0.24	$0.34	($0.19)	($2.92)	$0.09	$0.41	($0.18)	$1.05	$0.20	$0.46
Weighted Average Basic Shares Outstanding	164M	157.20M	164.50M	165M	165M	161M	165.40M	165.90M	166M	161.90M
Diluted Earnings per Share	$0.23	$0.34	($0.19)	($2.92)	$0.09	$0.41	($0.18)	$1.01	$0.19	$0.46
Weighted Average Diluted Shares Outstanding	164.60M	157.90M	164.50M	165M	165.20M	161M	165.40M	174.50M	167.20M	170.80M
Basic & Diluted Earnings per Share	-	$0.34	-	-	-	$0.41	-	-	-	$0.46
Weighted Average Basic & Diluted Shares Outstanding	164.15M	164.98M	164.99M	165.04M	165.05M	165.88M	165.89M	165.98M	165.99M	167.02M
Cash Dividends to Common per Share	$0.30	$0.33	$0.30	$0.30	$0.30	$0.32	$0.30	$0.30	$0.30	$0.32

This table details how cash moves in and out of OUTFRONT Media's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	79	-36	-17	5.80	6.80	651	-287	-384	-4.40	11
Net Cash From Operating Activities	293	287	249	214	277	131	99	254	254	299
Net Cash From Continuing Operating Activities	293	287	249	212	277	131	99	254	254	299
Net Income / (Loss) Continuing Operations	-29	91	126	108	140	-61	36	143	-425	258
Consolidated Net Income / (Loss)	-29	91	126	108	140	-61	36	143	-425	258
Provision For Loan Losses	2.70	3.60	4.40	1.90	5.30	20	-4.00	4.90	5.80	5.70
Depreciation Expense	229	224	190	142	146	146	145	151	161	152
Amortization Expense	6.30	6.40	6.10	5.70	7.90	6.60	7.10	6.50	6.70	6.10
Non-Cash Adjustments to Reconcile Net Income	87	-19	-33	57	49	14	31	42	540	-126
Changes in Operating Assets and Liabilities, net	-2.90	-19	-44	-102	-72	5.60	-116	-93	-33	3.90
Net Cash From Investing Activities	-62	-37	-135	-90	-176	-53	-224	-450	-108	208
Net Cash From Continuing Investing Activities	-62	-37	-135	-90	-176	-53	-224	-450	-108	208
Purchase of Property, Leasehold Improvements and Equipment	-59	-59	-71	-82	-90	-54	-74	-90	-87	-78
Purchase of Investment Securities	-12	-68	-70	-20	-94	-42	-153	-361	-33	-33
Sale and/or Maturity of Investments	8.90	91	5.60	12	7.30	42	2.80	1.30	12	318
Net Cash From Financing Activities	-149	-287	-132	-118	-94	573	-162	-188	-152	-495
Net Cash From Continuing Financing Activities	-149	-287	-132	-118	-94	573	-162	-188	-152	-495
Issuance of Debt	209	35	258	349	1,775	910	500	30	570	145
Repayment of Debt	-155	-125	-170	-269	-1,682	-625	-585	0.00	-491	-400
Payment of Dividends	-196	-189	-202	-204	-208	-75	-58	-206	-207	-208
Other Financing Activities, Net	-6.10	-7.90	-18	-9.10	-30	-20	-20	-12	-23	-32
Effect of Exchange Rate Changes	-3.30	-0.30	0.60	-0.40	0.50	0.70	0.20	-1.00	0.40	-0.40
Cash Interest Paid	107	111	111	118	122	128	118	126	151	152
Cash Income Taxes Paid	5.80	1.20	6.80	8.40	11	3.40	1.70	3.30	6.70	12

This table details how cash moves in and out of OUTFRONT Media's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-36	-41	2.40	-0.60	2.20	-8.40	6.40	7.20	-22	19
Net Cash From Operating Activities	74	79	9.40	78	62	105	31	71	73	125
Net Cash From Continuing Operating Activities	74	79	9.40	78	62	105	31	71	73	125
Net Income / (Loss) Continuing Operations	41	54	-29	-479	22	60	-27	177	35	74
Consolidated Net Income / (Loss)	41	54	-29	-479	22	60	-27	177	35	74
Provision For Loan Losses	1.00	2.20	1.40	-0.70	3.30	1.80	1.10	1.10	2.00	1.50
Depreciation Expense	40	40	42	41	39	38	36	36	37	42
Amortization Expense	1.60	1.60	1.60	1.80	1.60	1.70	1.60	1.50	1.50	1.50
Non-Cash Adjustments to Reconcile Net Income	7.80	19	12	520	7.60	0.40	10	-148	9.00	2.50
Changes in Operating Assets and Liabilities, net	-18	-38	-18	-4.90	-12	2.30	8.90	3.70	-11	2.60
Net Cash From Investing Activities	-57	-98	-28	-44	-22	-14	-19	279	-29	-23
Net Cash From Continuing Investing Activities	-57	-98	-28	-44	-22	-14	-19	279	-29	-23
Purchase of Property, Leasehold Improvements and Equipment	-25	-23	-23	-22	-19	-23	-18	-24	-18	-18
Purchase of Investment Securities	-32	-75	-5.20	-22	-3.30	-3.00	-6.00	-1.60	-12	-13
Sale and/or Maturity of Investments	0.20	-	0.10	0.10	0.10	12	5.40	304	0.60	8.30
Net Cash From Financing Activities	-51	-22	21	-35	-37	-100	-4.90	-342	-66	-82
Net Cash From Continuing Financing Activities	-51	-22	21	-35	-37	-100	-4.90	-342	-66	-82
Issuance of Debt	-	30	85	20	15	450	65	30	40	10
Repayment of Debt	-	-	0.00	-	-	-491	-10	-320	-30	-40
Payment of Dividends	-51	-52	-52	-52	-52	-52	-52	-52	-52	-52
Other Financing Activities, Net	-	-0.90	-12	-3.70	-0.50	-6.70	-7.50	-0.20	-24	-0.40
Cash Interest Paid	45	21	49	25	52	24	51	29	47	25
Cash Income Taxes Paid	0.20	0.20	3.60	1.90	0.40	0.80	0.10	1.10	10	0.10

This table presents OUTFRONT Media's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,816	3,739	3,808	3,829	5,382	5,897	5,925	5,990	5,583	5,215
Cash and Due from Banks	102	65	48	53	59	710	425	40	36	47
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	702	665	662	653	782	634	648	700	658	649
Goodwill	2,075	2,089	2,128	2,080	2,083	2,078	2,078	2,076	2,006	2,006
Intangible Assets	571	545	581	537	551	548	615	859	695	652
Other Assets	367	374	389	505	1,905	1,925	2,159	2,315	2,187	1,861
Total Liabilities & Shareholders' Equity	3,816	3,739	3,808	3,829	5,382	5,897	5,925	5,990	5,583	5,215
Total Liabilities	2,603	2,506	2,582	2,683	4,256	4,513	4,534	4,641	4,853	4,431
Short-Term Debt	84	86	136	217	431	321	252	284	121	61
Accrued Interest Payable	84	97	89	95	116	128	131	144	170	172
Other Short-Term Payables	73	69	75	92	103	85	124	125	302	288
Long-Term Debt	2,222	2,137	2,145	2,150	2,222	2,621	2,621	2,626	2,677	2,483
Other Long-Term Liabilities	140	117	137	131	1,384	1,358	1,406	1,463	1,583	1,428
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	1,391	-	151	133
Total Equity & Noncontrolling Interests	1,213	1,233	1,227	1,145	1,126	1,384	1,391	1,349	579	651
Total Preferred & Common Equity	1,213	1,233	1,181	1,103	1,094	974	994	1,225	577	649
Total Common Equity	1,213	1,233	1,181	1,103	1,094	974	994	1,225	577	649
Common Stock	1,936	1,951	1,964	1,996	2,076	2,092	2,121	2,418	2,404	2,495
Retained Earnings	-602	-700	-776	-872	-965	-1,100	-1,122	-1,183	-1,821	-1,846
Accumulated Other Comprehensive Income / (Loss)	-121	-19	-7.70	-22	-18	-18	-4.40	-9.10	-5.80	-0.10
Noncontrolling Interest	0.00	0.10	46	43	33	27	13	4.00	1.70	1.60

This table presents OUTFRONT Media's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	5,906	6,040	5,586	5,555	5,514	5,252	5,204
Cash and Due from Banks	82	43	42	44	42	50	28
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,022	700	694	694	657	657	654
Goodwill	2,076	2,077	2,029	2,029	2,006	2,006	2,006
Intangible Assets	812	843	780	762	683	666	657
Other Assets	1,914	2,378	2,041	2,026	2,125	1,873	1,858
Total Liabilities & Shareholders' Equity	5,906	6,040	5,586	5,555	5,514	5,252	5,204
Total Liabilities	4,576	4,775	4,841	4,841	4,867	4,464	4,451
Short-Term Debt	250	370	393	405	360	255	260
Accrued Interest Payable	131	116	145	145	139	157	151
Other Short-Term Payables	136	107	102	108	124	113	116
Long-Term Debt	2,625	2,627	2,629	2,630	2,678	2,480	2,481
Other Long-Term Liabilities	1,435	1,554	1,573	1,554	1,567	1,459	1,442
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	1,264	-	-	-	-	133
Total Equity & Noncontrolling Interests	1,330	1,264	745	714	647	788	620
Total Preferred & Common Equity	1,206	1,140	620	590	524	665	618
Total Common Equity	1,206	1,140	620	590	524	665	618
Common Stock	2,410	2,413	2,421	2,428	2,434	2,441	2,412
Retained Earnings	-1,191	-1,264	-1,795	-1,830	-1,901	-1,776	-1,793
Accumulated Other Comprehensive Income / (Loss)	-13	-8.80	-6.30	-8.50	-8.90	-0.30	-0.30
Noncontrolling Interest	4.20	4.10	4.70	3.80	3.20	3.60	1.60

This table displays calculated financial ratios and metrics derived from OUTFRONT Media's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.82%	0.01%	0.44%	5.64%	9.18%	-29.50%	17.90%	21.58%	2.28%	0.95%
EBITDA Growth	-33.78%	55.41%	-0.31%	-19.99%	16.87%	-68.69%	98.72%	65.01%	-182.01%	268.59%
EBIT Growth	-128.89%	420.77%	36.99%	-12.58%	33.55%	-140.15%	158.29%	341.94%	-378.50%	163.88%
NOPAT Growth	-106.52%	531.06%	40.86%	-13.69%	29.40%	-130.38%	185.47%	303.68%	-307.94%	187.53%
Net Income Growth	-109.58%	409.18%	38.39%	-14.23%	30.31%	-142.82%	160.47%	295.33%	-395.00%	160.94%
EPS Growth	-107.87%	414.29%	36.36%	-16.67%	29.33%	-157.73%	108.93%	295.33%	-395.00%	160.94%
Operating Cash Flow Growth	11.53%	-2.05%	-13.17%	-14.04%	29.21%	-52.84%	-24.35%	157.19%	0.04%	17.70%
Free Cash Flow Firm Growth	131.21%	-17.92%	-54.13%	47.97%	-232.46%	-339.84%	116.59%	49.99%	199.69%	4.23%
Invested Capital Growth	-5.40%	-1.79%	1.52%	0.10%	7.64%	14.45%	-1.44%	-0.11%	-17.18%	-5.65%
Revenue Q/Q Growth	-0.59%	-0.07%	0.26%	3.29%	1.05%	-9.83%	9.68%	1.73%	-0.07%	-0.01%
EBITDA Q/Q Growth	-31.89%	46.03%	1.04%	-8.09%	-4.97%	-5.06%	59.08%	-2.66%	-1.28%	3.96%
EBIT Q/Q Growth	-139.83%	683.97%	8.15%	21.36%	-7.90%	-221.43%	194.99%	-7.26%	-0.45%	4.85%
NOPAT Q/Q Growth	-129.50%	884.74%	8.35%	26.14%	-8.41%	-221.43%	238.89%	-10.80%	-0.48%	5.08%
Net Income Q/Q Growth	-140.66%	1,046.88%	7.61%	25.17%	-7.68%	-208.72%	220.13%	-10.68%	1.49%	5.42%
EPS Q/Q Growth	-139.62%	1,042.86%	7.14%	25.00%	-8.49%	-143.48%	112.20%	-10.68%	1.49%	5.42%
Operating Cash Flow Q/Q Growth	15.08%	-9.55%	-7.32%	5.00%	15.86%	-34.96%	10.14%	11.20%	11.25%	6.97%
Free Cash Flow Firm Q/Q Growth	143.08%	-28.64%	-29.57%	25.52%	-11.79%	-6.57%	7.62%	-1.49%	168.09%	-8.51%
Invested Capital Q/Q Growth	-5.09%	-0.93%	0.15%	0.19%	0.22%	0.38%	1.66%	1.30%	-5.90%	-4.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	13.67%	21.25%	21.09%	15.98%	17.10%	7.60%	12.80%	17.37%	-13.93%	23.27%
EBIT Margin	-1.88%	6.02%	8.21%	6.79%	8.31%	-4.73%	2.34%	8.50%	-23.16%	14.65%
Profit (Net Income) Margin	-1.94%	6.00%	8.27%	6.72%	8.02%	-4.87%	2.50%	8.12%	-23.42%	14.14%
Tax Burden Percent	102.08%	99.89%	100.56%	99.26%	96.43%	102.91%	115.19%	95.61%	101.22%	96.14%
Interest Burden Percent	101.41%	99.89%	100.24%	99.63%	100.07%	100.00%	92.67%	99.87%	99.93%	100.37%
Effective Tax Rate	0.00%	5.93%	3.28%	4.51%	7.48%	0.00%	-10.76%	6.25%	0.00%	4.09%
Return on Invested Capital (ROIC)	-0.55%	2.46%	3.47%	2.97%	3.70%	-1.01%	0.82%	3.32%	-7.55%	7.50%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.97%	2.69%	3.69%	3.13%	3.93%	-1.70%	0.88%	3.43%	-12.13%	7.56%
Return on Net Nonoperating Assets (RNNOA)	-1.66%	4.98%	6.76%	6.13%	8.68%	-3.79%	0.93%	3.65%	-33.28%	26.67%
Return on Equity (ROE)	-2.21%	7.43%	10.23%	9.10%	12.38%	-4.80%	1.75%	6.97%	-40.83%	34.17%
Cash Return on Invested Capital (CROIC)	5.00%	4.26%	1.96%	2.87%	-3.66%	-14.49%	2.27%	3.43%	11.25%	13.31%
Operating Return on Assets (OROA)	-0.72%	2.41%	3.31%	2.86%	3.16%	-1.04%	0.58%	2.53%	-7.25%	4.97%
Return on Assets (ROA)	-0.75%	2.41%	3.33%	2.83%	3.05%	-1.07%	0.62%	2.42%	-7.34%	4.79%
Return on Common Equity (ROCE)	-2.21%	7.43%	10.04%	8.76%	11.97%	-3.95%	0.83%	3.74%	-35.40%	27.68%
Return on Equity Simple (ROE_SIMPLE)	-2.42%	7.37%	10.65%	9.78%	12.85%	-6.18%	3.66%	11.74%	-73.53%	39.86%
Net Operating Profit after Tax (NOPAT)	-20	86	121	104	135	-41	35	141	-294	257
NOPAT Margin	-1.31%	5.66%	7.94%	6.49%	7.69%	-3.31%	2.40%	7.97%	-16.21%	14.05%
Net Nonoperating Expense Percent (NNEP)	0.42%	-0.23%	-0.23%	-0.16%	-0.23%	0.69%	-0.06%	-0.12%	4.58%	-0.06%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	101.88%	93.98%	91.79%	93.21%	91.69%	104.73%	97.66%	91.50%	123.16%	85.35%
Earnings before Interest and Taxes (EBIT)	-28	91	125	109	146	-59	34	151	-420	268
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	207	322	321	257	300	94	187	308	-253	426
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.86	1.93	1.75	2.85	2.38	3.25	1.84	3.61	4.54
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.25	1.51	1.50	1.20	1.78	1.87	2.22	1.27	1.15	1.61
Price to Earnings (P/E)	0.00	25.19	18.15	17.87	22.22	0.00	90.70	15.79	0.00	11.40
Dividend Yield	7.88%	8.20%	8.74%	10.41%	6.64%	9.10%	0.90%	8.74%	9.51%	10.91%
Earnings Yield	0.00%	3.97%	5.51%	5.59%	4.50%	0.00%	1.10%	6.33%	0.00%	8.77%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.29	1.30	1.22	1.52	1.15	1.75	1.23	1.42	1.68
Enterprise Value to Revenue (EV/Rev)	2.70	2.94	3.00	2.67	3.27	4.01	5.12	2.96	2.76	3.05
Enterprise Value to EBITDA (EV/EBITDA)	19.76	13.82	14.23	16.69	19.13	52.79	40.00	17.04	0.00	13.10
Enterprise Value to EBIT (EV/EBIT)	0.00	48.82	36.56	39.26	39.38	0.00	218.89	34.81	0.00	20.80
Enterprise Value to NOPAT (EV/NOPAT)	0.00	51.90	37.80	41.11	42.57	0.00	213.26	37.13	0.00	21.69
Enterprise Value to Operating Cash Flow (EV/OCF)	13.96	15.49	18.30	19.99	20.72	37.95	75.55	20.65	19.66	18.64
Enterprise Value to Free Cash Flow (EV/FCFF)	22.61	29.95	66.98	42.50	0.00	0.00	76.63	35.91	11.41	12.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.90	1.80	1.86	2.07	2.36	2.13	1.03	2.16	3.83	3.24
Long-Term Debt to Equity	1.83	1.73	1.75	1.88	1.97	1.89	0.94	1.95	3.67	3.17
Financial Leverage	1.72	1.85	1.83	1.96	2.21	2.23	1.06	1.06	2.74	3.53
Leverage Ratio	2.95	3.09	3.07	3.22	4.05	4.49	2.84	2.88	5.57	7.13
Compound Leverage Factor	2.99	3.09	3.08	3.21	4.06	4.49	2.63	2.88	5.56	7.16
Debt to Total Capital	65.53%	64.32%	65.03%	67.38%	70.20%	68.01%	50.81%	68.32%	79.30%	76.44%
Short-Term Debt to Total Capital	2.38%	2.48%	3.88%	6.17%	11.41%	7.43%	4.46%	6.66%	3.42%	1.85%
Long-Term Debt to Total Capital	63.16%	61.84%	61.15%	61.22%	58.79%	60.58%	46.35%	61.66%	75.88%	74.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	8.86%	6.78%	2.81%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	1.30%	1.21%	0.86%	0.61%	24.82%	0.09%	4.33%	4.06%
Common Equity to Total Capital	34.47%	35.68%	33.67%	31.41%	28.94%	22.51%	17.58%	28.77%	16.37%	19.50%
Debt to EBITDA	11.14	6.91	7.11	9.22	8.85	31.33	15.40	9.45	-11.08	5.98
Net Debt to EBITDA	10.65	6.71	6.96	9.01	8.64	23.75	13.12	9.32	-10.93	5.87
Long-Term Debt to EBITDA	10.73	6.64	6.69	8.38	7.41	27.91	14.04	8.53	-10.60	5.83
Debt to NOPAT	-115.98	25.93	18.90	22.71	19.68	-71.85	82.09	20.59	-9.52	9.89
Net Debt to NOPAT	-110.87	25.17	18.50	22.19	19.23	-54.46	69.95	20.31	-9.40	9.71
Long-Term Debt to NOPAT	-111.77	24.94	17.77	20.63	16.48	-64.00	74.87	18.59	-9.11	9.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	1.85%	3.71%	3.31%	17.63%	52.75%	46.26%	13.30%	19.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	181	148	68	101	-133	-587	97	146	438	456
Operating Cash Flow to CapEx	495.10%	483.33%	352.12%	260.39%	308.01%	244.11%	133.88%	282.96%	292.86%	383.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.40	0.40	0.42	0.38	0.22	0.25	0.30	0.31	0.34
Fixed Asset Turnover	2.04	2.22	2.29	2.44	2.44	1.75	2.27	2.63	2.67	2.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,518	3,455	3,508	3,511	3,780	4,326	4,264	4,259	3,527	3,328
Invested Capital Turnover	0.42	0.43	0.44	0.46	0.48	0.31	0.34	0.42	0.47	0.53
Increase / (Decrease) in Invested Capital	-201	-63	53	3.40	268	546	-62	-4.80	-732	-199
Enterprise Value (EV)	4,091	4,447	4,562	4,283	5,738	4,957	7,464	5,246	4,997	5,577
Market Capitalization	1,887	2,290	2,284	1,929	3,113	2,317	3,229	2,254	2,084	2,945
Book Value per Share	$8.81	$8.93	$8.52	$7.91	$7.62	$6.74	$6.83	$7.47	$3.50	$3.91
Tangible Book Value per Share	($10.41)	($10.15)	($11.02)	($10.86)	($10.73)	($11.43)	($11.66)	($10.41)	($12.87)	($12.11)
Total Capital	3,518	3,455	3,508	3,511	3,780	4,326	5,654	4,259	3,527	3,328
Total Debt	2,306	2,222	2,281	2,366	2,653	2,942	2,873	2,910	2,797	2,544
Total Long-Term Debt	2,222	2,137	2,145	2,150	2,222	2,621	2,621	2,626	2,677	2,483
Net Debt	2,204	2,157	2,233	2,312	2,592	2,230	2,448	2,869	2,761	2,497
Capital Expenditures (CapEx)	59	59	71	82	90	54	74	90	87	78
Net Nonoperating Expense (NNE)	9.52	-5.21	-5.09	-3.72	-5.79	19	-1.40	-2.61	131	-1.56
Net Nonoperating Obligations (NNO)	2,306	2,222	2,281	2,366	2,653	2,942	1,483	2,910	2,797	2,544
Total Depreciation and Amortization (D&A)	235	231	196	148	154	152	153	157	167	158
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.90	$0.00	$0.97	($0.56)	$0.05	$0.86	($2.73)	$1.54
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	138.50M	0.00	142.50M	144.30M	145.40M	157.24M	160.95M	161.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.90	$0.00	$0.97	($0.56)	$0.05	$0.86	($2.73)	$1.51
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	138.90M	0.00	143.20M	144.30M	146.10M	157.92M	160.95M	170.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	139.12M	0.00	144.16M	145.07M	146.24M	161.03M	161.90M	167.02M
Normalized Net Operating Profit after Tax (NOPAT)	135	196	240	267	260	55	113	265	191	424
Normalized NOPAT Margin	8.91%	12.97%	15.78%	16.63%	14.82%	4.43%	7.78%	14.95%	10.56%	23.18%
Pre Tax Income Margin	-1.90%	6.01%	8.23%	6.77%	8.31%	-4.73%	2.17%	8.49%	-23.14%	14.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-667.69%	207.48%	160.41%	188.97%	148.01%	-124.75%	157.97%	143.02%	-48.76%	80.56%
Augmented Payout Ratio	-667.69%	207.48%	160.41%	188.97%	148.01%	-124.75%	157.97%	143.02%	-48.76%	80.56%

This table displays calculated financial ratios and metrics derived from OUTFRONT Media's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.65%	6.50%	5.89%	4.13%	0.24%	-0.26%	3.26%	1.56%	-0.64%	-0.02%
EBITDA Growth	15.73%	-7.38%	-52.10%	-601.61%	-28.40%	1.90%	-35.63%	151.51%	23.73%	10.24%
EBIT Growth	22.59%	-15.57%	-1,095.65%	-1,089.44%	-54.79%	5.16%	0.36%	139.09%	85.87%	10.70%
NOPAT Growth	27.73%	-24.47%	-1,095.65%	-810.22%	-58.56%	23.03%	0.36%	152.54%	102.45%	12.48%
Net Income Growth	23.80%	-24.06%	-28,800.00%	-1,088.43%	-59.37%	21.36%	5.57%	137.00%	108.38%	12.29%
EPS Growth	27.78%	-24.06%	-375.00%	-1,142.86%	-60.87%	21.36%	5.26%	134.59%	111.11%	12.29%
Operating Cash Flow Growth	133.97%	47.67%	-54.15%	-2.85%	-16.55%	32.41%	225.53%	-9.32%	18.86%	18.57%
Free Cash Flow Firm Growth	-79.09%	-56.27%	-59.64%	2,153.00%	1,429.64%	1,269.93%	859.32%	257.67%	-38.97%	-65.75%
Invested Capital Growth	0.24%	-0.11%	1.29%	-10.71%	-10.84%	-17.18%	-13.54%	-6.44%	-6.78%	-5.65%
Revenue Q/Q Growth	0.78%	9.04%	-20.05%	18.53%	-2.99%	8.49%	-17.23%	16.58%	-5.08%	9.16%
EBITDA Q/Q Growth	-4.96%	27.91%	-85.53%	-2,818.13%	113.57%	82.03%	-89.92%	2,074.76%	-67.41%	62.19%
EBIT Q/Q Growth	-15.74%	57.25%	-139.74%	-1,637.82%	103.85%	265.76%	-144.12%	781.75%	-81.69%	117.84%
NOPAT Q/Q Growth	-12.95%	30.24%	-132.85%	-1,637.82%	105.08%	286.64%	-131.70%	1,016.40%	-80.43%	114.82%
Net Income Q/Q Growth	-15.08%	32.12%	-148.24%	-1,566.90%	103.49%	294.61%	-144.65%	753.14%	-80.34%	112.64%
EPS Q/Q Growth	-17.86%	32.12%	-151.35%	-1,436.84%	103.08%	294.61%	-150.00%	661.11%	-81.19%	112.64%
Operating Cash Flow Q/Q Growth	-8.56%	7.60%	-88.15%	732.98%	-21.46%	70.73%	-70.86%	132.03%	2.96%	70.31%
Free Cash Flow Firm Q/Q Growth	642.38%	88.34%	-215.85%	259.25%	304.11%	68.67%	-8.75%	-24.99%	-31.04%	-5.34%
Invested Capital Q/Q Growth	-0.32%	1.30%	0.08%	-11.64%	-0.46%	-5.90%	-0.62%	-4.39%	-0.82%	-4.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	18.16%	21.31%	4.05%	-92.77%	12.97%	21.77%	2.52%	47.05%	16.15%	24.00%
EBIT Margin	8.97%	12.94%	-6.95%	-101.94%	4.05%	13.64%	-6.71%	39.24%	7.57%	15.10%
Profit (Net Income) Margin	9.06%	10.98%	-7.26%	-102.05%	3.67%	13.36%	-6.64%	37.18%	7.70%	15.00%
Tax Burden Percent	101.73%	84.84%	104.36%	100.15%	91.26%	97.63%	98.91%	94.20%	102.05%	99.33%
Interest Burden Percent	99.26%	100.00%	100.00%	99.96%	99.46%	100.30%	100.00%	100.59%	99.71%	100.00%
Effective Tax Rate	-0.74%	16.56%	0.00%	0.00%	7.65%	2.67%	0.00%	5.91%	-0.59%	0.81%
Return on Invested Capital (ROIC)	3.75%	4.49%	-2.06%	-32.41%	1.70%	6.20%	-2.16%	18.56%	3.85%	8.00%
ROIC Less NNEP Spread (ROIC-NNEP)	3.75%	4.53%	-2.47%	-37.28%	1.69%	6.21%	-2.49%	18.61%	3.86%	8.00%
Return on Net Nonoperating Assets (RNNOA)	8.12%	4.82%	-2.94%	-105.55%	4.90%	17.03%	-3.74%	69.87%	15.20%	28.22%
Return on Equity (ROE)	11.87%	9.31%	-5.00%	-137.95%	6.60%	23.23%	-5.90%	88.44%	19.05%	36.22%
Cash Return on Invested Capital (CROIC)	3.53%	3.43%	1.52%	4.37%	4.11%	11.25%	7.04%	12.89%	13.77%	13.31%
Operating Return on Assets (OROA)	2.67%	3.85%	-2.10%	-32.15%	1.28%	4.27%	-2.12%	13.27%	2.57%	5.12%
Return on Assets (ROA)	2.70%	3.27%	-2.19%	-32.19%	1.16%	4.18%	-2.10%	12.57%	2.62%	5.08%
Return on Common Equity (ROCE)	9.54%	5.00%	-3.05%	-121.51%	5.80%	20.14%	-3.09%	74.14%	15.69%	29.34%
Return on Equity Simple (ROE_SIMPLE)	13.36%	0.00%	10.55%	-65.55%	-73.02%	0.00%	-81.67%	34.19%	39.70%	0.00%
Net Operating Profit after Tax (NOPAT)	41	53	-19	-335	17	66	-19	176	34	74
NOPAT Margin	9.04%	10.79%	-4.87%	-71.36%	3.74%	13.32%	-4.70%	36.92%	7.61%	14.98%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.04%	0.41%	4.88%	0.01%	-0.01%	0.33%	-0.04%	-0.01%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	91.03%	87.06%	106.95%	201.94%	95.95%	86.36%	106.71%	60.76%	92.43%	84.90%
Earnings before Interest and Taxes (EBIT)	41	64	-28	-478	18	67	-27	187	34	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	82	105	16	-435	59	107	10	224	73	118
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.78	1.84	2.10	3.81	2.60	3.61	5.18	3.57	4.93	4.54
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.23	1.27	1.33	1.30	0.84	1.15	1.49	1.29	1.67	1.61
Price to Earnings (P/E)	13.46	15.79	20.08	0.00	0.00	0.00	0.00	10.45	12.47	11.40
Dividend Yield	7.63%	8.74%	8.28%	8.37%	12.93%	9.51%	7.30%	8.39%	6.53%	10.91%
Earnings Yield	7.43%	6.33%	4.98%	0.00%	0.00%	0.00%	0.00%	9.57%	8.02%	8.77%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.23	1.58	1.45	1.24	1.42	1.58	1.47	1.69	1.68
Enterprise Value to Revenue (EV/Rev)	2.91	2.96	3.75	3.02	2.56	2.76	3.19	2.83	3.22	3.05
Enterprise Value to EBITDA (EV/EBITDA)	16.02	17.04	22.77	0.00	0.00	0.00	0.00	13.10	14.41	13.10
Enterprise Value to EBIT (EV/EBIT)	31.18	34.81	51.52	0.00	0.00	0.00	0.00	21.60	23.07	20.80
Enterprise Value to NOPAT (EV/NOPAT)	31.99	37.13	56.78	0.00	0.00	0.00	0.00	22.79	24.11	21.69
Enterprise Value to Operating Cash Flow (EV/OCF)	22.18	20.65	27.71	22.72	20.33	19.66	21.17	19.32	21.09	18.64
Enterprise Value to Free Cash Flow (EV/FCFF)	34.17	35.91	104.56	31.33	28.45	11.41	20.84	11.03	11.83	12.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.16	2.16	1.19	4.06	4.25	3.83	4.69	3.47	3.64	3.24
Long-Term Debt to Equity	1.97	1.95	1.04	3.53	3.69	3.67	4.14	3.15	3.29	3.17
Financial Leverage	2.16	1.06	1.19	2.83	2.89	2.74	1.50	3.76	3.94	3.53
Leverage Ratio	4.40	2.88	3.07	5.52	5.61	5.57	3.64	7.07	7.33	7.13
Compound Leverage Factor	4.37	2.88	3.07	5.51	5.58	5.58	3.64	7.11	7.31	7.13
Debt to Total Capital	68.36%	68.32%	54.24%	80.23%	80.96%	79.30%	82.44%	77.63%	78.45%	76.44%
Short-Term Debt to Total Capital	5.93%	6.66%	6.70%	10.43%	10.80%	3.42%	9.77%	7.23%	7.44%	1.85%
Long-Term Debt to Total Capital	62.43%	61.66%	47.54%	69.80%	70.16%	75.88%	72.67%	70.39%	71.01%	74.60%
Preferred Equity to Total Capital	2.85%	2.81%	2.17%	3.18%	3.20%	0.00%	3.25%	3.40%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.10%	0.09%	22.95%	0.12%	0.10%	4.33%	0.09%	0.10%	3.86%	4.06%
Common Equity to Total Capital	28.69%	28.77%	20.64%	16.47%	15.74%	16.37%	14.23%	18.87%	17.69%	19.50%
Debt to EBITDA	9.09	9.45	10.14	-13.37	-12.17	-11.08	-11.53	6.92	6.69	5.98
Net Debt to EBITDA	8.83	9.32	9.99	-13.19	-11.99	-10.93	-11.37	6.79	6.63	5.87
Long-Term Debt to EBITDA	8.30	8.53	8.89	-11.64	-10.55	-10.60	-10.17	6.27	6.06	5.83
Debt to NOPAT	18.14	20.59	25.27	-10.91	-10.38	-9.52	-10.22	12.03	11.20	9.89
Net Debt to NOPAT	17.63	20.31	24.91	-10.76	-10.23	-9.40	-10.08	11.81	11.09	9.71
Long-Term Debt to NOPAT	16.57	18.59	22.15	-9.49	-8.99	-9.11	-9.01	10.91	10.14	9.65
Noncontrolling Interest Sharing Ratio	19.63%	46.26%	39.11%	11.92%	12.12%	13.30%	47.58%	16.17%	17.62%	19.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	31	58	-73	117	473	797	558	418	289	273
Operating Cash Flow to CapEx	297.18%	341.81%	41.59%	351.12%	328.88%	452.59%	166.30%	297.07%	415.34%	684.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.30	0.30	0.32	0.32	0.31	0.32	0.34	0.34	0.34
Fixed Asset Turnover	1.84	2.63	2.65	2.64	2.11	2.67	2.69	2.71	2.71	2.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,204	4,259	4,262	3,766	3,748	3,527	3,685	3,523	3,494	3,328
Invested Capital Turnover	0.41	0.42	0.42	0.45	0.46	0.47	0.46	0.50	0.51	0.53
Increase / (Decrease) in Invested Capital	10	-4.80	54	-452	-456	-732	-577	-243	-254	-199
Enterprise Value (EV)	5,067	5,246	6,734	5,469	4,646	4,997	5,831	5,181	5,899	5,577
Market Capitalization	2,151	2,254	2,391	2,365	1,532	2,084	2,713	2,372	3,051	2,945
Book Value per Share	$7.35	$7.47	$6.91	$3.76	$3.58	$3.50	$3.17	$4.01	$3.72	$3.91
Tangible Book Value per Share	($10.26)	($10.41)	($10.78)	($13.27)	($13.33)	($12.87)	($13.09)	($12.10)	($12.32)	($12.11)
Total Capital	4,204	4,259	5,526	3,766	3,748	3,527	3,685	3,523	3,494	3,328
Total Debt	2,874	2,910	2,998	3,021	3,035	2,797	3,038	2,735	2,741	2,544
Total Long-Term Debt	2,625	2,626	2,627	2,629	2,630	2,677	2,678	2,480	2,481	2,483
Net Debt	2,793	2,869	2,955	2,979	2,990	2,761	2,995	2,685	2,713	2,497
Capital Expenditures (CapEx)	25	23	23	22	19	23	18	24	18	18
Net Nonoperating Expense (NNE)	-0.10	-0.90	9.45	144	0.29	-0.20	7.92	-1.24	-0.40	-0.10
Net Nonoperating Obligations (NNO)	2,874	2,910	1,733	3,021	3,035	2,797	3,038	2,735	2,741	2,544
Total Depreciation and Amortization (D&A)	42	41	44	43	41	40	38	37	39	44
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.35	($0.19)	($2.92)	$0.09	$0.42	($0.18)	$1.05	$0.20	$0.47
Adjusted Weighted Average Basic Shares Outstanding	164M	153.43M	164.50M	165M	165M	157.14M	165.40M	165.90M	166M	158.02M
Adjusted Diluted Earnings per Share	$0.23	$0.35	($0.19)	($2.92)	$0.09	$0.42	($0.18)	$1.01	$0.19	$0.47
Adjusted Weighted Average Diluted Shares Outstanding	164.60M	154.12M	164.50M	165M	165.20M	157.14M	165.40M	174.50M	167.20M	166.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.35	$0.00	$0.00	$0.00	$0.42	$0.00	$0.00	$0.00	$0.47
Adjusted Weighted Average Basic & Diluted Shares Outstanding	164.15M	161.03M	164.99M	165.04M	165.05M	161.90M	165.89M	165.98M	165.99M	163.02M
Normalized Net Operating Profit after Tax (NOPAT)	52	83	7.14	51	65	116	16	223	50	110
Normalized NOPAT Margin	11.46%	16.85%	1.81%	10.93%	14.36%	23.57%	3.96%	46.78%	11.04%	22.34%
Pre Tax Income Margin	8.90%	12.94%	-6.95%	-101.90%	4.02%	13.68%	-6.71%	39.47%	7.55%	15.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	109.19%	143.02%	171.49%	-50.82%	-48.02%	-48.76%	-48.45%	91.38%	84.76%	80.56%
Augmented Payout Ratio	109.19%	143.02%	171.49%	-50.82%	-48.02%	-48.76%	-48.45%	91.38%	84.76%	80.56%

Financials Breakdown Chart

Key Financial Trends

Over the past four years, OUTFRONT Media Inc. (NYSE: OUT) has shown a pattern of recovering from significant challenges, particularly visible in 2023, moving towards improved profitability and operational stability in 2024.

Positive Financial Trends:

Net Income Improvement: The company faced a steep net loss in Q2 2023 of approximately -$479M but returned to profitability by Q4 2023 with a net income of around $65.9M and maintained profitability into 2024, culminating in a Q4 2024 net income of about $74M.
Operating Cash Flow Growth: Net cash from operating activities rose substantially from $9.4M in Q1 2023 to $124.5M by Q4 2024, indicating stronger cash generation from core business operations.
Stable Revenue Streams: Total revenue stabilized near $490M in Q4 2023 and Q4 2024, suggesting resilient core business despite past volatility.
Consistent Dividend Payments: Dividends per share remained steady at around $0.30 to $0.33 throughout 2023 and 2024, reflecting management’s confidence in distributing returns to shareholders.
Reduction in Other Operating Expenses in 2024: Other operating expenses fell from $355M in Q4 2022 to $204M in Q2 2024 before increasing moderately, which indicates cost control initiatives that improved profitability.

Neutral Financial Trends:

Capital Expenditures: Property, leasehold improvements, and equipment purchases ranged between $18M and $24M quarterly in 2024, consistent with ongoing investments to sustain operations.
Debt Management: OUTFRONT Media’s long-term debt remained relatively stable around $2.48B to $2.68B in 2023-2024, with regular debt issuance and repayments balancing financing needs.
Goodwill and Intangible Assets: These remained steady at about $2.0B and $650M respectively, highlighting a stabilized asset base that suggests low recent acquisition activity.
Shares Outstanding: Weighted average diluted shares fluctuated slightly but remained around 164M to 170M, indicating modest share issuance or buyback activity.
Cash Balance Movement: Cash and equivalents increased from about $28M in Q3 2024 to nearly $50M in Q2 2024, showing some fluctuation but maintaining a reasonable liquidity buffer.

Negative Financial Trends:

Significant Net Loss in 2023 Q2: The large loss of $479M in Q2 2023 heavily impacted annual results and was driven by impairment charges exceeding $500M, raising concerns about asset write-downs and prior investments.
High and Variable Other Special Charges: While these charges remain significant (approximately $30M to $41M quarterly), the fluctuation suggests ongoing restructuring or one-time costs impacting expenses.
Fluctuating Non-Interest Expenses: Total non-interest expenses peaked near $947M in Q2 2023, reflecting volatility that pressures operating margins.
Impairments in 2023: The company recorded impairment charges totaling over $500M in Q2 2023 with additional smaller but frequent charges through 2023 and early 2024, pointing to asset quality challenges or strategic shifts.
Negative Earnings Per Share in Early 2023: Q1 and Q2 2023 reported negative EPS (-$0.19 and -$2.92 respectively), reflecting the significant loss periods and negatively impacting shareholder value.

Summary: OUTFRONT Media has demonstrated resilience with a clear turnaround from steep losses and large asset impairments experienced mainly in the first half of 2023. Profitability and positive cash flows through 2024 signal stabilization, though investors should watch the sustainability of cost controls and the reasonableness of asset valuations given past impairments. The steady dividend payments and controlled debt position provide some reassurance, but the variability in special charges and operating expenses may continue to pose risks.

10/07/25 01:38 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About OUTFRONT Media's Financials

When does OUTFRONT Media's fiscal year end?

According to the most recent income statement we have on file, OUTFRONT Media's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has OUTFRONT Media's net income changed over the last 9 years?

OUTFRONT Media's net income appears to be on a downward trend, with a most recent value of $258.70 million in 2024, falling from -$29.40 million in 2015. The previous period was -$424.50 million in 2023. Find out what analysts predict for OUTFRONT Media in the coming months.

How has OUTFRONT Media's revenue changed over the last 9 years?

Over the last 9 years, OUTFRONT Media's total revenue changed from $1.51 billion in 2015 to $1.83 billion in 2024, a change of 20.9%.

How much debt does OUTFRONT Media have?

OUTFRONT Media's total liabilities were at $4.43 billion at the end of 2024, a 8.7% decrease from 2023, and a 70.2% increase since 2015.

How much cash does OUTFRONT Media have?

In the past 9 years, OUTFRONT Media's cash and equivalents has ranged from $36 million in 2023 to $710.40 million in 2020, and is currently $46.90 million as of their latest financial filing in 2024.

How has OUTFRONT Media's book value per share changed over the last 9 years?

Over the last 9 years, OUTFRONT Media's book value per share changed from 8.81 in 2015 to 3.91 in 2024, a change of -55.6%.

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This page (NYSE:OUT) was last updated on 10/7/2025 by MarketBeat.com Staff

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OUTFRONT Media (OUT) Financials

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OUTFRONT Media (OUT) Financials

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