Outfront Media (OUT) FY2017 results: revenue $1.5 billion, up 0.4% on the year
Outfront Media Inc. (OUT) reported revenue of $1.5 billion for fiscal 2017, the year ended 31 December 2017, up 0.4% on the year before. Net income was $126 million, up 38.4%, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$1.5 billion
+0.4% on the year
FY2012FY2017
Operating margin
15.9%
13.5% a year earlier
FY2012FY2017
Net income
$126 million
+38.4% on the year
FY2012FY2017
Diluted EPS
$0.90
+36.4% on the year
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,520
1,514
1,514
+0.4%
Selling, general and administrative
262
265
258
-1.2%
Operating income
242
205
86.4
+18.0%
Operating margin
15.9%
13.5%
5.7%
Interest expense
117
114
115
+2.7%
Pre-tax income
125
91.0
-28.8
+37.5%
Income tax
4.1
5.4
5.4
-24.1%
Effective tax rate
3.3%
5.9%
n/a
Net income
126
90.9
-29.4
+38.4%
Net margin
8.3%
6.0%
-1.9%
Diluted EPS
$0.90
$0.66
-$0.21
+36.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
249
287
293
-13.2%
Capital expenditure
70.8
59.4
59.2
+19.2%
Free cash flow
178
228
234
-21.6%
Free cash flow margin
11.7%
15.0%
15.5%
Cash from investing
-135
n/a
n/a
Cash from financing
-132
n/a
n/a
Depreciation and amortisation
190
224
229
-15.3%
Share-based compensation
20.5
18.0
15.2
+13.9%
Dividends paid
202
189
196
+7.0%
Dividend per share
$1.44
$1.36
$1.42
+5.9%
Diluted shares, weighted
139m
138m
137m
+0.4%
Shares outstanding at period end
139m
138m
138m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,181
1,233
1,213
-4.2%
Non-controlling interest
45.5
0.1
0.0
+45,400.0%
Short-term borrowings
n/a
n/a
0.0
Debt
2,225
2,137
2,222
+4.1%
Other liabilities
356
369
381
-3.4%
Total liabilities and equity
3,808
3,738
3,816
+1.9%
Fixed assets
662
665
702
-0.4%
Goodwill
2,128
2,089
2,075
+1.8%
Intangible assets
581
545
570
+6.5%
Cash and equivalents
48.3
65.2
102
-25.9%
Receivables
231
222
210
+4.1%
Other assets
158
152
158
+4.1%
Total assets
3,808
3,738
3,816
+1.9%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.