OUTFRONT Media Inc.

Listed Company

OUTCIK 0001579877NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.83B

Net Income

$147.00M

Total Assets

$5.31B

Equity

$710.40M

Shares Out

176.05M

Op. Cash Flow

$307.60M

Business

OUTFRONT Media Inc. is a real estate investment trust that provides out-of-home advertising space on physical structures and sites across the United States. It offers billboard and transit advertising displays, including static and digital billboards, digital transit screens, and value-added services such as category research, creative and print production, campaign tracking and analytics. The company operates through two reportable segments: Billboard and Transit. Its inventory is geographically diversified across major Nielsen DMAs and approximately 34 states plus Washington, D.C., sold via direct sales, municipal transit contracts and programmatic/direct-sale platforms.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,832	1,831	1,821	1,772	1,464
Operating	919	949	963	917	784
Selling, general and administrative	442	448	430	422	368
Restructuring charges	20	0	0	0	0
Net (gain) loss on dispositions	−2	−161	−14	200,000	−5
Impairment charges	0	18	535	—	—
Depreciation	91	80	79	77	79
Amortization	70	72	81	73	66
Total expenses	1,538	1,405	2,074	1,490	1,296
Operating income (loss)	294	426	−253	283	168
Interest expense, net	−146	−156	−158	−132	−130
Loss on extinguishment of debt	−600,000	−1	−8	0	−6
Other income, net	0	1	300,000	−200,000	0
Income (loss) before provision for income taxes and equity in earnings of investee companies	147	269	−419	151	32
Provision for income taxes	−2	−11	−4	−9	3
Equity in earnings of investee companies, net of tax	3	600,000	−1	3	1
Net income (loss) before allocation to redeemable and non-redeemable noncontrolling interests	147	259	−425	144	36
Net income attributable to redeemable and non-redeemable noncontrolling interests	0	500,000	700,000	1	800,000
Net income (loss) attributable to OUTFRONT Media Inc.	147	258	−425	143	36
Basic ($ per share)	0.83	1.54	−2.7	0.83	0.05
Diluted ($ per share)	0.82	1.51	−2.7	0.83	0.05
Basic (shares)	168	162	161	157	145
Diluted (shares)	169	171	161	158	146

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	100	47	36	40	425
Receivables, less allowances of $23.2 in 2025 and $20.6 in 2024	366	305	288	316	311
Prepaid lease and transit franchise costs	5	4	5	9	13
Other prepaid expenses	22	18	19	20	18
Other current assets	11	12	16	6	12
Total current assets	504	386	398	390	777
Property and equipment, net	644	649	658	700	648
Goodwill	2,006	2,006	2,006	2,076	2,078
Intangible assets	612	652	695	859	615
Operating lease assets	1,522	1,504	1,592	1,563	1,486
Other assets	24	18	20	39	42
Total assets	5,312	5,215	5,583	5,990	5,925
Accounts payable	50	51	56	65	65
Accrued compensation	72	57	41	68	75
Accrued interest	35	35	34	31	31
Accrued lease and franchise costs	72	83	80	65	60
Other accrued expenses	56	54	56	48	40
Deferred revenues	58	43	38	35	31
Short-term debt	0	10	65	30	0
Short-term operating lease liabilities	173	169	181	188	188
Other current liabilities	29	20	18	21	19
Total current liabilities	545	521	593	552	508
Long-term debt, net	2,583	2,483	2,677	2,626	2,621
Asset retirement obligation	34	34	33	38	36
Operating lease liabilities	1,375	1,352	1,417	1,369	1,308
Other liabilities	40	42	42	41	44
Total liabilities	4,578	4,431	4,853	4,641	4,534
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interests	22	14	31	—	—
Preferred stock (2025 - 50.0 shares authorized, and no shares of Series A Preferred Stock issued and outstanding; 2024 - 50.0 shares authorized, and 0.1 shares of Series A Preferred Stock issued and outstanding)	0	120	120	120	383
Common stock (2025 - 450.0 shares authorized, and 175.2 shares issued and outstanding; 2024 - 450.0 shares authorized, and 166.0 shares issued or outstanding)	2	2	2	2	2
Additional paid-in capital	2,619	2,494	2,403	2,416	2,119
Distribution in excess of earnings	−1,911	−1,846	−1,821	−1,183	−1,122
Net amount recognized in accumulated other comprehensive income	100,000	−100,000	−6	−9	−4
Total stockholders equity	710	649	577	1,195	972
Noncontrolling interests	2	2	2	4	13
Total liabilities and equity	5,312	5,215	5,583	5,990	5,925

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	160	152	161	151	145
Deferred tax benefit	0	−1	−100,000	5	−5
Stock-based compensation included in restructuring charges	30	31	28	34	29
Provision for doubtful accounts	7	6	6	5	−4
Accretion expense	3	3	3	3	3
Impairment charges	0	0	511	0	3
Distributions from investee companies	600,000	1	1	2	700,000
Amortization of deferred financing costs and debt discount	6	6	7	7	7
Increase in receivables	−67	−23	−4	−11	−95
Increase in prepaid MTA equipment deployment costs	0	0	−22	−83	−75
(Increase) decrease in prepaid expenses and other current assets	−3	100,000	−5	6	15
Increase (decrease) in accounts payable and accrued expenses	4	14	−9	5	39
Increase in operating lease assets and liabilities	8	10	11	−15	400,000
Increase in deferred revenues	15	5	4	5	1
Increase (decrease) in income taxes	−200,000	700,000	−3	1	−400,000
Decrease in assets and liabilities held for sale, net	0	−2	0	0	—
Other, net	2	−500,000	−5	800,000	−2
Net cash flow provided by operating activities	308	299	254	254	99
Capital expenditures	−89	−78	−87	−90	−74
Acquisitions	−13	−20	−34	−354	−137
MTA franchise rights	−20	−12	600,000	−7	−17
Net proceeds from dispositions	6	318	12	1	3
Investment in investee companies	0	−1	0	−300,000	0
Return of investment in investee companies	2	700,000	0	0	0
Net cash flow provided by (used for) investing activities	−114	208	−108	−450	−224
Proceeds from long-term debt borrowings	499	0	450	0	500
Repayments of long-term debt borrowings	−400	−200	−400	0	−500
Proceeds from borrowings under short-term debt facilities	90	145	120	30	0
Repayments of borrowings under short-term debt facilities	−100	−200	−85	0	−80
Payments of deferred financing costs	−6	−300,000	−11	−400,000	−7
Payments of debt extinguishment charges	0	0	−6	0	−5
Taxes withheld for stock-based compensation	−15	−8	−13	−12	−9
Purchase of redeemable noncontrolling interest	0	−24	0	0	—
Dividends	−210	−208	−207	−206	−58
Net cash flow used for financing activities	−141	−495	−152	−188	−162
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	−400,000	400,000	−1	200,000
Net increase (decrease) in cash, cash equivalents and restricted cash	53	11	−4	−384	−287
Cash paid for income taxes	2	12	7	3	2
Cash paid for interest	141	152	151	126	118
Accrued purchases of property and equipment	5	7	8	8	3
MTA franchise rights	3	2	3	3	5
Taxes withheld for stock-based compensation	3	0	0	0	0

Filings

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