Company name:
Outfront Media Inc
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IPO SHARE PRICE:$28.00
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IPO DATE:28 March 2014
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TICKER:CBSO
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:405 Lexington Avenue 17th Floor New York NY 10174
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:MD
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Outfront Media Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
12.0%
3.5%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
16.5%
12.0% —
Cash and cash equivalents
3.5% —
Accounts Receivable
0.6% —
Other short-term assets
0.2% —
Other prepaid expenses
0.1% —
Prepaid lease and transit franchise costs
0.0% —
Restricted cash and cash equivalents
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$48,300 | $52,700 | $59,100 | $710,400 | ||||
| Restricted cash and cash equivalents | - | 1,400 | 1,800 | 1,600 | ||||
| Accounts Receivable | 231,100 | 264,900 | 290,000 | 209,200 | ||||
| Assets held for sale | - | - | - | - | ||||
| Deferred tax assets | - | - | - | - | ||||
| Prepaid MTA equipment deployment costs | 4,700 | 18,900 | 55,400 | - | ||||
| Prepaid lease and transit franchise costs | 68,600 | 69,300 | 8,600 | 5,400 | ||||
| Other prepaid expenses | 13,500 | 13,900 | 15,800 | 14,400 | ||||
| Other short-term assets | 9,800 | 8,400 | 5,100 | 33,700 | ||||
| Total current assets | $376,000 | $429,500 | $435,800 | $974,700 |
10.8%
24.1%
3.5%
9.3%
35.2%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
83.5%
35.2% —
Goodwill
24.1% —
Operating lease assets
10.8% —
Property and equipment net
9.3% —
Intangible assets
3.5% —
Prepaid MTA equipment deployment costs
0.6% —
Other assets non-current
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| Property and equipment net | 662,100 | 652,900 | 666,200 | 634,200 | ||||
| Operating lease assets | - | - | 1,457,000 | 1,421,300 | ||||
| Prepaid MTA equipment deployment costs | - | 60,600 | 116,100 | 204,600 | ||||
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Intangible assets
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580,900 | 537,200 | 550,900 | 547,500 | ||||
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Goodwill
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2,128,000 | 2,079,700 | 2,083,100 | 2,077,800 | ||||
| Other assets non-current | - | - | 73,200 | 36,800 | ||||
| Other non-current assets | 61,200 | 68,800 | 73,200 | - | ||||
| Total non-current assets | 3,432,200 | 3,399,200 | 4,946,500 | 4,922,200 |
| Total assets | $3,808,200 | $3,828,700 | $5,382,300 | $5,896,900 |
44.4%
21.2%
35.5%
6.5%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
9.1%
3.0% —
Current portion of Operating leases
1.4% —
Short-term debt
1.1% —
Accrued lease and transit franchise costs
1.1% —
Accounts payable
0.6% —
Other accrued expenses
0.6% —
Accrued employee compensation
0.5% —
Current portion of deferred revenue
0.4% —
Accrued interest
0.4% —
Other current liabilities
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| Accounts payable | $56,100 | $56,500 | $67,900 | $64,900 | ||||
| Accrued employee compensation | 34,600 | 47,100 | 56,100 | 35,000 | ||||
| Accrued lease and transit franchise costs | - | 44,200 | 55,300 | 65,800 | ||||
| Accrued lease costs | 30,500 | - | - | - | ||||
| Accrued interest | 16,100 | 19,100 | 26,400 | 24,500 | ||||
| Other accrued expenses | 42,300 | 31,200 | 34,200 | 38,000 | ||||
| Current portion of deferred revenue | 21,300 | 29,800 | 29,000 | 29,500 | ||||
| Short-term debt | 80,000 | 160,000 | 195,000 | 80,000 | ||||
| Current portion of Operating leases | - | - | 168,300 | 176,500 | ||||
| Liabilities associated with assets held for sale | - | - | - | - | ||||
| Other current liabilities | 18,700 | 14,700 | 17,800 | 20,700 | ||||
| Total current liabilities | $299,600 | $402,600 | $650,000 | $534,900 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
67.5%
44.4% —
Long-term debt
21.2% —
Operating leases
0.9% —
Other non-current liabilities
0.6% —
Asset retirement obligation
0.2% —
Deferred tax liability
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| Deferred tax liability | 19,600 | 17,000 | 18,000 | 14,600 | ||||
| Asset retirement obligation | 34,700 | 34,200 | 35,100 | 35,900 | ||||
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Long-term debt
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2,145,300 | 2,149,600 | 2,222,100 | 2,620,800 | ||||
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Operating leases
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- | - | 1,285,100 | 1,252,000 | ||||
| Other non-current liabilities | 82,400 | 80,000 | 45,600 | 55,000 | ||||
| Total long-term liabilities | $2,282,000 | $2,280,800 | $3,605,900 | $3,978,300 |
| Total Liabilities | $2,581,600 | $2,683,400 | $4,255,900 | $4,513,200 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
16.5%
35.5% —
Additional paid-in capital
6.5% —
Preferred stock Series A
0.4% —
Non-controlling interest
0.0% —
Common stock
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| Non-controlling interest | $45,500 | $42,500 | $32,600 | $26,500 | ||||
| Distribution in excess of earnings | (775,600) | (871,600) | (964,600) | (1,100,400) | ||||
| Invested capital | - | - | - | - | ||||
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Preferred stock Series A
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- | - | - | 383,400 | ||||
| Common stock | 1,400 | 1,400 | 1,400 | 1,400 | ||||
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Additional paid-in capital
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1,963,000 | 1,995,000 | 2,074,700 | 2,090,800 | ||||
| Accumulated other comprehensive loss | (7,700) | (22,000) | (17,700) | (18,000) | ||||
| Total invested equity | - | - | - | - | ||||
| Total Equity | $1,181,100 | $1,102,800 | $1,093,800 | $973,800 |
| Total Liabilities and Equity | $3,808,200 | $3,828,700 | $5,382,300 | $5,896,900 |