Outfront Media (OUT) FY2018 results: revenue $1.6 billion, up 5.6% on the year
Outfront Media Inc. (OUT) reported revenue of $1.6 billion for fiscal 2018, the year ended 31 December 2018, up 5.6% on the year before. Net income was $108 million, down 14.2%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$1.6 billion
+5.6% on the year
FY2012FY2018
Operating margin
14.6%
15.9% a year earlier
FY2012FY2018
Net income
$108 million
-14.2% on the year
FY2012FY2018
Diluted EPS
$0.75
-16.7% on the year
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,606
1,520
1,514
+5.6%
Selling, general and administrative
330
262
265
+26.2%
Operating income
235
242
205
-2.9%
Operating margin
14.6%
15.9%
13.5%
Interest expense
126
117
114
+7.5%
Pre-tax income
109
125
91.0
-13.1%
Income tax
4.9
4.1
5.4
+19.5%
Effective tax rate
4.5%
3.3%
5.9%
Net income
108
126
90.9
-14.2%
Net margin
6.7%
8.3%
6.0%
Diluted EPS
$0.75
$0.90
$0.66
-16.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
214
249
287
-14.0%
Capital expenditure
82.3
70.8
59.4
+16.2%
Free cash flow
132
178
228
-26.1%
Free cash flow margin
8.2%
11.7%
15.0%
Cash from investing
-90.4
-135
n/a
Cash from financing
-118
-132
n/a
Depreciation and amortisation
142
190
224
-25.3%
Share-based compensation
20.2
20.5
18.0
-1.5%
Dividends paid
204
202
189
+1.0%
Dividend per share
$1.44
$1.44
$1.36
0.0%
Diluted shares, weighted
140m
139m
138m
+0.5%
Shares outstanding at period end
140m
139m
138m
+1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,103
1,181
1,233
-6.6%
Non-controlling interest
42.5
45.5
0.1
-6.6%
Debt
2,310
2,225
2,137
+3.8%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
374
356
369
+4.9%
Total liabilities and equity
3,829
3,808
3,738
+0.5%
Fixed assets
653
662
665
-1.4%
Goodwill
2,080
2,128
2,089
-2.3%
Intangible assets
537
581
545
-7.5%
Cash and equivalents
52.7
48.3
65.2
+9.1%
Receivables
265
231
222
+14.6%
Other assets
241
158
152
+52.9%
Total assets
3,829
3,808
3,738
+0.5%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.