Outfront Media (OUT) FY2021 results: revenue $1.5 billion, up 18.4% on the year
Outfront Media Inc. (OUT) reported revenue of $1.5 billion for fiscal 2021, the year ended 31 December 2021, up 18.4% on the year before. Net income was $36 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$1.5 billion
+18.4% on the year
FY2014FY2021
Operating margin
11.5%
5.9% a year earlier
FY2014FY2021
Net income
$36 million
FY2014FY2021
Diluted EPS
$0.05
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
98.8
131
277
-24.3%
Capital expenditure
73.8
53.5
89.9
+37.9%
Free cash flow
25.0
77.1
187
-67.6%
Free cash flow margin
1.7%
6.2%
10.5%
Cash from investing
-224
-53.2
-176
Cash from financing
-162
573
-94.3
Depreciation and amortisation
145
146
146
-0.3%
Share-based compensation
28.6
23.8
22.3
+20.2%
Dividends paid
57.5
75.1
208
-23.4%
Dividend per share
$0.20
$0.38
$1.44
-47.4%
Diluted shares, weighted
146m
144m
143m
+1.2%
Shares outstanding at period end
146m
145m
144m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
972
974
1,094
-0.2%
Non-controlling interest
13.0
26.5
32.6
-50.9%
Redeemable equity
383
383
0.0
0.0%
Debt
2,621
2,701
2,417
-3.0%
Operating lease liabilities
1,308
1,252
1,285
+4.5%
Other liabilities
627
560
554
+11.9%
Total liabilities and equity
5,925
5,897
5,382
+0.5%
Fixed assets
648
634
666
+2.2%
Goodwill
2,078
2,078
2,083
0.0%
Intangible assets
615
548
551
+12.3%
Cash and equivalents
425
710
59.1
-40.2%
Receivables
310
209
290
+48.4%
Other assets
1,849
1,718
1,733
+7.6%
Total assets
5,925
5,897
5,382
+0.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.