OUTFRONT Media Inc. OUT Cash Flow

Outfront media inc. (OUT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Jun'13	Mar'13
Operating Activities:
Net income attributable to OUTFRONT Media Inc.
6,100	45,000	38,700	50,300	6,100	57,200	46,800	-5,200	9,100	35,500	50,700	37,100	2,500	26,600	38,100	28,500	-2,300	-73,900	21,200	22,200	1,100	27,800	248,300	22,400	8,400	36,400	19,900
Adjustments to reconcile net income to net cash flow provided by operating activities:
Net income attributable to non-controlling interests
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
47,300	48,600	51,100	49,000	45,800	48,300	46,800	46,300	43,600	46,900	47,800	48,500	46,600	52,900	55,000	58,900	57,400	57,900	57,500	57,200	56,500	55,600	49,500	49,100	48,000	48,600	48,900
Deferred tax benefit
-1,800	-1,000	-2,200	3,500	-100	1,400	-400	900	-2,300	-1,000	1,400	-3,500	-1,800	-1,900	1,900	-1,300	-500	-1,600	800	-500	-400	-3,100	-233,500	-6,100	-6,800	-1,100	-3,700
Stock-based compensation
5,800	5,900	5,600	5,500	5,300	4,800	4,800	5,600	5,000	4,400	5,200	5,500	5,400	4,200	4,500	4,500	4,800	3,500	3,700	4,400	3,600	5,100	6,200	2,900	1,800	1,600	1,600
Provision for doubtful accounts
8,100	1,300	600	2,400	1,000	1,200	1,700	-200	-800	2,100	1,400	800	100	800	500	1,500	800	600	300	1,000	800	600	700	900	700	800	-1,100
Accretion expense
600	600	600	700	600	600	600	600	600	500	600	600	600	600	600	600	600	600	700	600	600	600	600	600	500	-	-
Loss on real estate assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,300	103,600	0	0	0	-	-	-	-	-	-
Net gain on dispositions
100	800	1,900	-400	1,500	1,300	1,300	2,700	200	700	14,100	-100	-400	200	2,300	-200	-400	-100	0	-900	300	1,100	500	0	900	-100	9,800
Equity in earnings of investee companies, net of tax
400	1,800	1,400	1,700	800	1,400	700	1,200	800	1,000	1,400	1,500	900	1,500	1,400	1,400	1,000	1,200	1,700	1,100	800	1,500	600	200	600	800	300
Distributions from investee companies
1,200	1,800	1,500	900	700	1,500	200	1,100	200	5,200	100	400	1,600	3,100	300	1,600	0	5,000	300	1,700	700	4,200	0	200	3,000	1,200	1,000
Amortization of deferred financing costs and debt discount and premium
1,300	3,000	1,900	1,600	1,400	1,500	1,400	1,400	1,400	1,500	1,400	1,300	1,900	1,600	1,600	1,800	1,400	1,900	1,500	1,400	1,500	1,400	8,800	1,200	700	0	0
Cash paid for direct lease acquisition costs
14,900	12,600	10,500	10,000	14,000	11,100	9,700	8,000	12,500	9,200	9,700	8,600	11,700	9,100	8,600	8,700	10,600	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables
-19,700	300	13,700	50,600	-35,100	6,300	22,300	51,400	-42,800	-7,100	3,400	53,400	-40,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in prepaid MTA equipment deployment costs
18,200	27,800	18,000	23,500	22,700	26,000	17,000	24,600	7,200	4,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in prepaid expenses and other current assets
2,800	-13,900	8,200	-1,000	3,200	1,300	-3,400	-5,100	7,400	18,800	-16,500	-12,000	9,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts payable and accrued expenses
-42,400	33,300	10,000	17,300	-24,300	22,100	18,900	-400	-18,900	3,000	11,800	7,600	-54,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in operating lease assets and liabilities
1,300	-	-	-	6,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred revenues
11,100	-9,900	8,000	-6,400	7,500	-300	1,300	-6,100	13,600	-7,800	1,100	-5,400	12,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in income taxes
-700	700	3,000	-1,800	-1,700	0	-100	1,500	-4,500	5,600	-2,700	1,700	-2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
6,500	9,800	-2,500	-9,800	100	14,000	5,200	-500	-400	1,900	3,200	-3,700	-700	-22,300	-5,800	15,300	18,500	-57,900	-18,000	19,500	57,500	-20,300	-30,000	3,800	47,000	26,800	46,700
Net cash flow provided by (used for) operating activities
14,900	114,800	78,600	42,100	41,400	76,900	69,200	6,100	62,100	66,700	103,500	46,900	32,200	86,400	96,000	70,900	33,800	116,700	102,300	68,300	5,800	78,300	109,500	67,200	7,800	60,000	9,800
Investing Activities:
Capital expenditures
18,200	24,500	25,800	21,500	18,100	20,200	15,700	29,600	16,800	12,200	16,400	25,600	16,600	13,800	15,600	15,600	14,400	16,200	15,300	14,600	13,100	20,600	14,300	13,600	15,700	8,900	6,000
Acquisitions
6,600	9,000	26,300	26,900	7,500	1,400	1,300	200	4,100	6,400	5,000	56,900	900	3,200	3,400	800	60,500	1,000	900	300	9,900	735,700	0	0	0	1,800	7,800
MTA franchise rights
2,800	7,100	6,200	5,300	5,400	3,900	3,300	4,700	1,400	900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from dispositions
300	900	2,700	0	2,200	1,900	2,600	3,200	200	4,000	1,500	0	100	200	2,500	87,600	300	100	0	8,100	700	2,200	1,800	0	500	0	10,900
Return of investment in investee companies
600	-	-	-	100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flow provided by (used for) investing activities
-26,700	-38,200	-55,600	-53,800	-28,700	-19,300	-17,700	-31,300	-22,100	-15,500	-19,900	-82,500	-17,400	-16,800	-16,500	71,200	-74,600	-17,100	-16,200	-6,800	-22,300	-757,100	-12,500	-13,600	-15,200	-10,700	-2,900
Financing Activities:
Proceeds from long-term debt borrowings - senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	103,800	599,300	0	0	0	-	-
Proceeds from long-term debt borrowings
495,000	510,000	55,000	670,000	35,000	15,000	10,000	69,000	10,000	0	0	0	8,300	0	0	0	0	-	-	-	-	0	0	0	1,598,000	0	0
Proceeds from borrowings under short-term debt facilities
15,000	225,000	250,000	15,000	15,000	45,000	125,000	18,000	57,000	27,000	133,000	90,000	0	0	0	0	35,000	0	0	0	105,000	0	0	0	0	-	-
Repayments of borrowings under short-term debt facilities
0	240,000	40,000	170,000	20,000	60,000	50,000	10,000	45,000	20,000	145,000	5,000	0	-	-	-	-	0	0	0	105,000	0	0	0	0	-	-
Payments of deferred financing costs
400	12,600	900	8,600	0	-	-	-	-	800	200	500	7,000	0	0	0	400	0	0	1,100	2,200	17,900	400	100	24,300	0	0
Proceeds from shares issued under the ATM Program
0	0	0	34,300	16,600	15,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	3,600
Distribution of debt and IPO proceeds to CBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	515,000	1,523,800	0	0
Net cash contribution from CBS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,500	-2,400	0	42,200	-55,000	-8,400
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	0	0	0	1,200	0	0	0	0	0	0	0	2,000	0	0	0	0	-	-
Taxes withheld for stock-based compensation
11,800	200	0	100	7,600	200	100	1,600	6,500	300	100	2,100	6,000	300	200	1,700	5,100	300	200	800	3,000	0	0	0	0	-	-
Dividends
55,600	52,100	52,100	52,100	51,800	51,000	50,900	50,900	51,100	50,800	50,600	50,200	50,200	46,900	47,000	47,600	47,100	47,600	46,700	47,100	54,900	153,900	44,400	44,400	0	-	-
Other
-	-	-	-	-	-	-	-	-	0	0	0	-200	0	0	0	-200	100	0	-200	-400	-800	0	100	-100	-	0
Net cash flow provided by (used for) financing activities
442,200	-79,600	-435,400	433,500	-12,800	-61,400	-35,100	14,400	-35,600	-44,900	-64,900	32,200	-53,900	-77,200	-67,200	-124,300	-17,800	-97,800	-46,900	-49,200	45,300	436,200	-47,200	55,600	92,000	-53,200	-4,800
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-1,700	200	-100	300	100	-200	0	0	-200	0	200	200	200	-300	-200	0	200	-900	-1,200	100	-1,300	-1,100	-1,000	300	-500	-500	300
Net increase in cash, cash equivalents and restricted cash
428,700	-2,800	-412,500	422,100	0	-4,000	16,400	-10,800	4,200	6,300	18,900	-3,200	-38,900	-7,900	12,100	17,800	-58,400	900	38,000	12,400	27,500	-243,700	48,800	109,500	84,100	-4,400	2,400
Supplemental disclosure of cash flow Information:
Cash paid for income taxes
800	2,600	2,600	4,500	800	1,200	1,300	5,700	200	200	3,300	2,700	600	400	100	-1,300	2,000	900	3,000	600	1,300	21,600	3,100	23,500	4,800	45,100	1,400
Cash paid for interest
37,500	29,200	28,000	39,800	24,500	38,300	20,700	37,700	20,800	38,200	19,600	34,900	18,300	34,200	19,300	38,400	19,500	35,100	19,900	32,800	19,200	29,500	6,600	19,000	0	-	-
Non-cash investing and financing activities
Non-cash investing and financing activities:
Accrued purchases of property and equipment
9,700	-3,200	-500	2,000	9,400	-300	-700	-4,200	11,000	4,100	-1,700	-3,400	10,500	6,200	-1,600	1,200	5,400	1,800	2,700	2,000	500	-2,100	900	-2,700	5,300	-	-
Accrued MTA franchise rights
5,000	1,700	-1,000	1,500	1,800	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of stock for purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,700	-700	-3,400	-6,400	2,000	0	0	0	-	-
Taxes withheld for stock-based compensation
200	-	-	-	100	-	-	-	1,000	-	-	-	0	-	-	-	1,500	-100	100	2,500	100	-	-	-	-	-	-