Outfront Media (OUT) FY2022 results: revenue $1.8 billion, up 21.1% on the year
Outfront Media Inc. (OUT) reported revenue of $1.8 billion for fiscal 2022, the year ended 31 December 2022, up 21.1% on the year before. Net income was $143 million, up 300.8%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$1.8 billion
+21.1% on the year
FY2015FY2022
Operating margin
15.9%
11.5% a year earlier
FY2015FY2022
Net income
$143 million
+300.8% on the year
FY2015FY2022
Diluted EPS
$0.84
+1,580.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
254
98.8
131
+157.2%
Capital expenditure
89.8
73.8
53.5
+21.7%
Free cash flow
164
25.0
77.1
+557.2%
Free cash flow margin
9.3%
1.7%
6.2%
Cash from investing
-450
-224
-53.2
Cash from financing
-188
-162
573
Depreciation and amortisation
151
145
146
+3.6%
Share-based compensation
33.8
28.6
23.8
+18.2%
Dividends paid
206
57.5
75.1
+257.9%
Dividend per share
$1.20
$0.20
$0.38
+500.0%
Diluted shares, weighted
162m
146m
144m
+10.7%
Shares outstanding at period end
164m
146m
145m
+12.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,195
972
974
+22.9%
Non-controlling interest
4.0
13.0
26.5
-69.2%
Redeemable equity
120
383
383
-68.8%
Debt
2,656
2,621
2,701
+1.4%
Operating lease liabilities
1,369
1,308
1,252
+4.6%
Other liabilities
646
627
560
+3.0%
Total liabilities and equity
5,990
5,925
5,897
+1.1%
Fixed assets
700
648
634
+8.0%
Goodwill
2,076
2,078
2,078
-0.1%
Intangible assets
858
615
548
+39.6%
Cash and equivalents
40.4
425
710
-90.5%
Receivables
316
310
209
+1.6%
Other assets
1,999
1,849
1,718
+8.1%
Total assets
5,990
5,925
5,897
+1.1%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.