Company name:
Outfront Media Inc
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IPO SHARE PRICE:$28.00
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IPO DATE:March 28, 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
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Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
79.2% —
Billboard
20.8% —
Transit and other
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
94.1%
57.5% —
Operating
25.5% —
Selling general and administrative
6.8% —
Depreciation
5.0% —
Amortization
0.5% —
Restructuring
0.0% —
Impairment
-1.1% —
Net gain or loss on dispositions
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Operating
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835,200 | 859,900 | 958,600 | 710,800 | 710,800 | 704,800 | |||||
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Selling general and administrative
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261,700 | 330,200 | 371,700 | 315,100 | 315,100 | 439,200 | |||||
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Depreciation
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89,700 | 85,900 | 87,300 | 84,500 | 84,500 | 85,200 | |||||
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Amortization
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100,100 | 55,900 | 59,000 | 61,300 | 61,300 | (44,400) | |||||
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Net gain or loss on dispositions
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(14,300) | (5,500) | (3,800) | (13,700) | (13,700) | (1,600) | |||||
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Loss on real estate assets held for sale
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- | - | - | - | - | - | |||||
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Impairment
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- | 42,900 | - | - | - | - | |||||
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Restructuring
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6,400 | 2,100 | 300 | 5,800 | 5,800 | 2,000 | |||||
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Acquisition costs
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- | - | - | - | - | - | |||||
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Total expenses
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$1,278,800 | $1,371,400 | $1,473,100 | $1,163,800 | $1,163,800 | $1,185,200 |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
5.9%
5.9% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —
Other expense or income
0.0% —
Loss on early repayment of debt
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
5.9%
5.9% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
10.7%
0.0% —
Income or loss from equity method investments
0.1% —
Income tax expense or benefit
10.6% —
Interest expense
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Interest expense (income)
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- | - | - | - | - | - | |||||
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Interest expense
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(116,900) | (125,700) | (134,900) | (131,100) | (131,100) | (135,200) | |||||
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Income before income taxes and earnings of investee companies
Income before income taxes and earnings of investee companies
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125,100 | 108,700 | 145,800 | (58,500) | (58,500) | 22,800 | |||||
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Income or loss from equity method investments
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4,800 | 4,100 | 5,700 | (600) | (600) | (400) | |||||
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Income tax expense or benefit TEST - ODD
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(4,100) | (4,900) | (10,900) | (1,100) | (1,100) | (3,200) |
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
4.9%
4.9% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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Net income (loss) before non-controlling interests
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$125,800 | $107,900 | $140,600 | - | - | - | |||||
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Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to non-controlling interests
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- | - | 500 | 800 | 800 | 2,000 | |||||
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Net income (loss) attributable to Company
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125,800 | 107,900 | 140,100 | (61,000) | (61,000) | 17,200 | |||||
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Net income (loss)
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- | - | - | - | - | - | |||||
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Net income (loss) before allocation to non-controlling interest
Net income (loss) before allocation to non-controlling interest
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- | 107,900 | 140,600 | (60,200) | (60,200) | 19,200 |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
31-Dec
2020
2020
Dividends
Dividend is fraction of Earnings that is paid out in cash form to investor now; It's important to watch out that dividends don't exceed EPS on continuous basis as it is a sign that management is manipulating investor's perception of value of the company