Outfront Media (OUT) FY2016 results: revenue $1.5 billion, unchanged on the year
Outfront Media Inc. (OUT) reported revenue of $1.5 billion for fiscal 2016, the year ended 31 December 2016, unchanged on the year before. Net income was $91 million, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$1.5 billion
+0.0% on the year
FY2012FY2016
Operating margin
13.5%
5.7% a year earlier
FY2012FY2016
Net income
$91 million
FY2012FY2016
Diluted EPS
$0.66
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,514
1,514
1,354
+0.0%
Selling, general and administrative
265
258
224
+2.5%
Operating income
205
86.4
183
+137.2%
Operating margin
13.5%
5.7%
13.5%
Interest expense
114
115
84.8
-0.9%
Pre-tax income
91.0
-28.8
98.0
Income tax
5.4
5.4
-206
0.0%
Effective tax rate
5.9%
n/a
-210.2%
Net income
90.9
-29.4
307
Net margin
6.0%
-1.9%
22.7%
Diluted EPS
$0.66
-$0.21
$2.67
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
287
293
263
-2.0%
Capital expenditure
59.4
59.2
64.2
+0.3%
Free cash flow
228
234
199
-2.7%
Free cash flow margin
15.0%
15.5%
14.7%
Depreciation and amortisation
224
229
202
-2.1%
Share-based compensation
18.0
15.2
16.0
+18.4%
Dividends paid
189
196
243
-3.9%
Dividend per share
$1.36
$1.42
$5.67
-4.2%
Diluted shares, weighted
138m
137m
115m
+0.8%
Shares outstanding at period end
138m
138m
137m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,233
1,213
1,446
+1.7%
Non-controlling interest
0.1
0.0
n/a
Short-term borrowings
n/a
0.0
n/a
Debt
2,137
2,222
2,198
-3.8%
Other liabilities
369
381
348
-3.2%
Total liabilities and equity
3,738
3,816
3,991
-2.0%
Fixed assets
665
702
783
-5.2%
Goodwill
2,089
2,075
2,154
+0.7%
Intangible assets
545
570
633
-4.4%
Cash and equivalents
65.2
102
28.5
-35.8%
Receivables
222
210
218
+6.0%
Other assets
152
158
175
-3.7%
Total assets
3,738
3,816
3,991
-2.0%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.