OUTFRONT Media Inc. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| (in millions) | 2025 | 2024 | 2023 | |||||||||||||||||
Net income (loss) available for common stockholders(a) | $ | 147.0 | $ | 258.2 | $ | (425.2) | ||||||||||||||
| Less: Distributions to holders of Series A Preferred Stock | 7.9 | 8.8 | 8.8 | |||||||||||||||||
Net income (loss) available for common stockholders(b) | $ | 139.1 | $ | 249.4 | $ | (434.0) | ||||||||||||||
| Weighted average shares for basic EPS | 167.8 | 161.9 | 161.0 | |||||||||||||||||
Dilutive potential shares from grants of RSUs, PRSUs and stock options(c) | 1.4 | 1.1 | — | |||||||||||||||||
Dilutive potential shares issuable upon conversion of Series A Preferred Stock(d) | — | 7.8 | — | |||||||||||||||||
Weighted average shares for diluted EPS(c)(d) | 169.2 | 170.8 | 161.0 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.