OUTFRONT Media Inc. OUT Cash Flow

Outfront media inc. (OUT)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Operating Activities:
Net income attributable to OUTFRONT Media Inc.
140,100	107,900	125,800	90,900	-29,400	306,900	143,500	113,400
Adjustments to reconcile net income to net cash flow provided by operating activities:
Net income attributable to non-controlling interests
500	0	0	-	-	-	-	-
Depreciation and amortization
194,500	185,000	189,800	224,200	229,100	202,200	195,800	196,800
Deferred tax benefit
200	-400	-4,900	-1,800	-1,700	-249,500	-15,500	-6,600
Stock-based compensation
22,300	20,200	20,500	18,000	15,200	16,000	7,500	5,700
Provision for doubtful accounts
5,300	1,900	4,400	3,600	2,700	2,900	400	3,100
Accretion expense
2,500	2,400	2,300	2,400	2,500	2,300	2,200	2,500
Loss on real estate assets held for sale
-	-	-	1,300	103,600	0	0	-
Net gain on dispositions
3,800	5,500	14,300	1,900	-700	2,500	27,300	-2,200
Impairment charge
0	42,900	0	0	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-28,500	0	0	-	-	-	-	-
Equity in earnings of investee companies, net of tax
5,700	4,100	4,800	5,300	4,800	2,900	2,500	2,200
Distributions from investee companies
4,900	3,000	7,300	5,000	7,700	7,400	4,400	6,400
Amortization of deferred financing costs and debt discount and premium
7,900	5,700	6,100	6,400	6,300	12,100	0	0
Cash paid for direct lease acquisition costs
47,100	41,300	39,200	37,000	35,900	-	-	-
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables
29,500	37,200	9,500	11,700	13,300	600	7,100	-7,600
Increase in prepaid MTA equipment deployment costs
92,000	74,800	4,700	0	-	-	-	-
Increase in prepaid expenses and other current assets
-3,500	200	-200	500	2,700	6,400	-9,500	-3,900
Decrease in accounts payable and accrued expenses
36,300	21,700	-31,900	-6,800	10,000	-5,800	-32,200	-26,500
Increase in deferred revenues
-800	8,500	800	0	3,000	-9,800	7,100	900
Decrease in income taxes
200	-3,100	2,100	6,000	1,200	-9,000	-6,500	-3,800
Other, net
-2,400	18,300	700	5,700	1,100	500	-1,800	-2,500
Net cash flow provided by (used for) operating activities
276,900	214,300	249,300	287,100	293,100	262,800	281,100	305,900
Investing Activities:
Capital expenditures
89,900	82,300	70,800	59,400	59,200	64,200	60,900	48,200
Acquisitions
69,700	7,000	69,200	67,900	12,100	735,700	11,500	400
MTA franchise rights
24,000	13,300	900	0	-	-	-	-
Investments in investee companies
-	-	-	-	-	3,000	0	0
Net proceeds from dispositions
5,800	7,900	5,600	90,600	8,900	4,500	28,700	500
Return of investment in investee companies
1,500	4,300	0	0	-	-	-	-
Net cash flow provided by (used for) investing activities
-176,300	-90,400	-135,300	-36,700	-62,400	-798,400	-43,700	-48,100
Financing Activities:
Proceeds from long-term debt borrowings - senior notes
-	-	-	-	103,800	599,300	0	0
Proceeds from IPO
-	-	-	-	-	615,000	0	0
Proceeds from long-term debt borrowings
1,270,000	104,000	8,300	0	0	1,598,000	0	0
Repayments of long-term debt borrowings
1,191,500	104,000	0	90,000	50,000	0	0	-
Proceeds from borrowings under short-term debt facilities
505,000	245,000	250,000	35,000	105,000	0	0	-
Repayments of borrowings under short-term debt facilities
470,000	165,000	170,000	35,000	105,000	0	0	-
Payments of deferred financing costs
22,100	300	8,500	400	3,300	42,700	0	0
Payments of debt extinguishment charges
20,600	0	0	-	-	-	-	-
Proceeds from shares issued under the ATM Program
50,900	15,300	0	0	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	5,800	2,900
Distribution of debt and IPO proceeds to CBS
-	-	-	-	-	2,038,800	0	0
Net cash contribution from CBS
-	-	-	-	-	49,300	-232,600	-279,700
Proceeds from stock option exercises
0	0	1,200	0	2,000	0	0	-
Earnout payment related to prior acquisition
0	400	2,000	0	0	-	-	-
Taxes withheld for stock-based compensation
7,900	8,400	8,500	7,300	4,300	0	0	-
Dividends
208,100	203,900	201,800	188,600	196,300	242,700	0	0
Special dividend
-	-	-	-	-	-	-	0
Other
0	0	-200	-200	-500	-800	-200	-200
Net cash flow provided by (used for) financing activities
-94,300	-117,700	-131,500	-286,500	-148,600	536,600	-227,000	-277,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash
500	-400	600	-300	-3,300	-2,300	-800	1,800
Net increase in cash, cash equivalents and restricted cash
6,800	5,800	-16,900	-36,400	78,800	-1,300	9,600	-17,400
Supplemental disclosure of cash flow Information:
Cash paid for income taxes
10,500	8,400	6,800	1,200	5,800	53,000	112,800	96,500
Cash paid for interest
121,500	117,500	111,000	111,400	107,000	55,100	0	0
Non-cash investing and financing activities
Non-cash investing and financing activities:
Investments in investee companies
-	-	-	-	-	-	13,100	0
Accrued purchases of property and equipment
7,700	5,800	9,500	11,200	7,000	1,400	12,800	15,500
Accrued MTA franchise rights
4,000	1,400	0	0	-	-	-	-
Issuance of stock for purchase of property and equipment
-	-	-	1,900	12,200	2,000	0	0
Issuance of shares of a subsidiary for an acquisition
0	0	44,600	0	0	-	-	-
Acquisitions
0	0	13,300	0	0	-	-	-
Dispositions
0	0	13,300	0	0	-	-	-
Taxes withheld for stock-based compensation
-	-	-	-	2,600	0	0	-