Outfront Media (OUT) FY2020 results: revenue $1.2 billion, down 30.6% on the year
Outfront Media Inc. (OUT) reported revenue of $1.2 billion for fiscal 2020, the year ended 31 December 2020, down 30.6% on the year before. Net income was -$61 million, and diluted earnings per share $-0.56. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.2 billion
-30.6% on the year
FY2013FY2020
Operating margin
5.9%
17.3% a year earlier
FY2013FY2020
Net income
-$61 million
FY2013FY2020
Diluted EPS
-$0.56
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,236
1,782
1,606
-30.6%
Selling, general and administrative
315
372
330
-15.2%
Operating income
72.5
309
235
-76.5%
Operating margin
5.9%
17.3%
14.6%
Interest expense
131
135
126
-2.8%
Pre-tax income
-58.5
146
109
Income tax
1.1
10.9
4.9
-89.9%
Effective tax rate
n/a
7.5%
4.5%
Net income
-61.0
140
108
Net margin
-4.9%
7.9%
6.7%
Diluted EPS
-$0.56
$0.97
$0.75
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
131
277
214
-52.8%
Capital expenditure
53.5
89.9
82.3
-40.5%
Free cash flow
77.1
187
132
-58.8%
Free cash flow margin
6.2%
10.5%
8.2%
Cash from investing
-53.2
-176
-90.4
Cash from financing
573
-94.3
-118
Depreciation and amortisation
146
146
142
-0.3%
Share-based compensation
23.8
22.3
20.2
+6.7%
Dividends paid
75.1
208
204
-63.9%
Dividend per share
$0.38
$1.44
$1.44
-73.6%
Diluted shares, weighted
144m
143m
140m
+0.8%
Shares outstanding at period end
145m
144m
140m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
974
1,094
1,103
-11.0%
Non-controlling interest
26.5
32.6
42.5
-18.7%
Redeemable equity
383
0.0
n/a
Debt
2,701
2,417
2,310
+11.7%
Operating lease liabilities
1,252
1,285
0.0
-2.6%
Other liabilities
560
554
374
+1.2%
Total liabilities and equity
5,897
5,382
3,829
+9.6%
Fixed assets
634
666
653
-4.8%
Goodwill
2,078
2,083
2,080
-0.3%
Intangible assets
548
551
537
-0.6%
Cash and equivalents
710
59.1
52.7
+1,102.0%
Receivables
209
290
265
-27.9%
Other assets
1,718
1,733
241
-0.9%
Total assets
5,897
5,382
3,829
+9.6%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.